Linear displacement sensors are extensively used across a host of industrial verticals, including food & beverages, automotive, aerospace, oil & gas, packaging, machine tools, and power generation. Linear displacement sensors are primarily used in any application wherein the measurement of linear movement is required. Due to this, the demand for linear displacement sensors is on the rise across a plethora of industrial domains. As the emphasis on industrial automation continues to grow around the global industrial sector, the demand for cloud-connected and wireless sensors is on the rise.