Report : Europe Automatic Door Sensors Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Microwave Sensors, Infrared Sensors, Laser Sensors, and Others) and Application (Residential, Commercial, Industrial, and Others)
Commercial Segment to Dominate Europe Automatic Door Sensors Market during 2019–2027
According to a new market research study on “Europe Automatic Door Sensors Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 427.54 million by 2027 from US$ 305.30 million in 2019. The market is estimated to grow at a CAGR of 4.4 % from 2020 to 2027. The report provides trends prevailing in the Europe automatic door sensors market along with the drivers and restraints pertaining to the market growth. Escalating opportunities due to COVID-19 pandemic and growing popularity of smart airports and airport development activities are the major factor driving the growth of the Europe automatic door sensors market. However, high initial and maintenance cost hinder the growth of Europe automatic door sensors market.
In Europe, the UK is the hardest-hit country by the COVID-19 outbreak. It is expected to suffer an economic hit due to a lack of revenue from various industries, as countries such as the UK, Germany, and Italy recorded the highest number of coronavirus cases. Additionally, with the outbreak of another variant of COVID-19 in the UK, the automatic door sensors market is expected to get hampered. The region is a significant manufacturing and industrial hub for sectors such as healthcare, aviation, manufacturing, Automatic, energy and power, and others. However, due to COVID-19, many businesses in Europe face financial challenges as they had to reduce their activities substantially, owing to lack of workforce, government-imposed restrictions, and decreasing sales. However, with the increasing initiatives undertaken by the governments of countries such as the UK and Germany to strengthen the transport infrastructure in the countries is expected to drive the growth of the market.
The Europe market for automatic door sensors is segmented into type, application, and country. Based on type, the Europe automatic door sensors market is divided into microwave sensors, infrared sensors, laser sensors, and others. The microwave sensors held the largest share of the Europe automatic door sensors market in 2019. The infrared sensors segment is projected to be the fastest growing segment over the forecast period. On basis of application, the market is segmented into commercial, industrial, residential, and others. Further, in 2019, commercial segment led the Europe automatic door sensors market. The others segment is expected to be fastest growing during forecast period. The others segment includes the transportation hubs, military, hospitals, government offices, and labs.
BBC Bircher AG, BEA, GEZE GmbH, Hotron Ltd, Nabtesco Corporation, and Pepperl+Fuchs are among the leading companies in the Europe automatic door sensors market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Nabtesco Corporation and Emerald Technology Ventures declared new strategic partnership, under which Emerald will lead Nabtesco’s corporate venture (CVC) activities. The newly established CVC fund enhanced Nabtesco’s collaboration with disruptive ventures globally.
The report segments the Europe Automatic Door Sensors Market as follows:
Europe Automatic Door Sensors Market – By Type
- Microwave Sensors
- Infrared Sensors
- Laser Sensors
Europe Automatic Door Sensors Market – By Application
Europe Automatic Door Sensors Market – By Country
- Rest of Europe
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