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Proximity Sensor Market

Proximity Sensor Market Forecasts to 2028 – Global Analysis By Product (Fixed, Adjustable), Technology (Ultrasonic, Capacitive), Application (Mobile Devices, Conveyor Systems), End User (Food, Pharmaceutical) and By Geography

4.3 (89 reviews)
Published: October 2021 ID: SMRC21037
4.3 (89 reviews)
Published: October 2021 ID: SMRC21037

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Proximity Sensor Market is accounted for $3.18 billion in 2020 and is expected to reach $5.59 billion by 2028 growing at a CAGR of 7.3% during the forecast period. Some of the factors such as the increase in the demand for industrial automation and non-contact sensing technology are the major factors propelling the market growth. However, low-cost sensors increasing threat to scale down quality is hampering the market growth.

Proximity sensor refers to all sensors which perform non-contact detection and which detect objects without physically contacting them. Proximity sensors convert information on the movement or presence of an object into an electrical signal. These sensors are used to detect any object or a target without the need for any physical contact.

Based on the end user, the automotive holds the largest share in the market due to vast usage of the proximity sensor in the automotive industry which includes detection of the vehicle which is too close of an object, development of driverless cars, and increasing need for material handling.

By geography, The Asia Pacific is estimated to dominate the market due to factors such as the presence of a large number of proximity sensor suppliers and manufacturers, ongoing research and development for the adoption of sensors, increasing growth of automation in industries, and a strong focus on technology adoption.

Some of the key players profiled in the Proximity Sensor Market include Autonics Corporation, Balluff GmbH., Datalogic SpA, Delta Electronics Inc, Fargo Controls, Inc., Honeywell International Inc., Keyence Corporation, NXP Semiconductor, OMRON Corporation, Panasonic Corporation, Pepperl+Fuchs GmbH, Riko Opto-electronics Technology Co. Ltd, Rockwell Automation Inc., SICK AG, and ST Microelectronics NV.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 3.18 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

7.3%

Predicted 2028 Value:

USD 5.59 billion

Forecast Years:

2021 - 2028

Tables, Graphs & Figures

637

Chapters Covered:

Channel Type, Sensing Range, Product, Technology, Type, Application, End User  and Region

Core Drivers and Opportunities:

  • Increase in the demand for industrial automation
  • Large area proximity sensing
  • High accuracy, increased repeatability, and small part detection

Restraining Factors & Market Threats:

  • Limitations in sensing capabilities
  • Low-cost sensors increasing threat to scale down quality

 
Channel Types Covered:
• Multi-Channel
• Single Channel

Sensing Ranges Covered:
• 0 MM-10 MM
• 10 MM-40 MM
• 40 MM-60 MM
• 60 MM-80 MM
• Greater Than 80 MM

Products Covered:
• Fixed Distance
• Adjustable Distance

Technologies Covered:
• Ultrasonic 
• Capacitive 
• Inductive 
• Magnetic 
• Photoelectric 
• Linear Variable Differential Transformer (LVDT) 
• Force Sensor 

Types Covered:
• Cylindrical Inductive Sensor
• Rectangular Inductive Sensor
• Slot Inductive Sensor
• Ring Inductive Sensor

Applications Covered:
• Ground Proximity Warning System
• Inspection and Counting
• Parking Sensor Systems
• Assembly Line Automation
• Anti-Aircraft Warfare
• Roller Coasters
• Vibration Monitoring System
• Mobile Devices
• Conveyor Systems
• Detection of Object
• Position

End Users Covered:
• Aerospace and Defense 
• Industrial Manufacturing 
• Building Automation 
• Automotive 
• Consumer Electronics 
• Food and Beverage 
• Pharmaceutical 
• Construction 
• Energy 
• Manufacturing 
• Travel and Transport 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Proximity Sensor Market is majorly driven by the increase in the demand for industrial automation and non-contact sensing technology.

The 10 mm-40 mm segment is growing at the highest CAGR due to the inductive proximity sensor offering a similar sensing range and the large availability of proximity sensors in this sensing range.

North America dominated with a significant market share due to the factors such as increasing focus towards automation of industries and favorable support from the government toward the implementation of the proximity sensor.

The Asia Pacific market is growing at the highest CAGR due to the rising production of smartphones.

Key players in Proximity Sensor Market include Autonics Corporation, Balluff GmbH., Datalogic SpA, Delta Electronics Inc, Fargo Controls, Inc., Honeywell International Inc., Keyence Corporation, NXP Semiconductor, OMRON Corporation, Panasonic Corporation, Pepperl+Fuchs GmbH, Riko Opto-electronics Technology Co. Ltd, Rockwell Automation Inc., SICK AG, and ST Microelectronics NV.

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