According to the latest report by IMARC Group, titled “Proximity Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global proximity sensor market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global proximity sensor market size reached a value of US$ 4.01 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.15 Billion by 2027, exhibiting a CAGR of 7.10% during 2022-2027.
A proximity sensor uses sound, light, infrared (IR), or electromagnetic fields to identify the presence or approach of objects within its vicinity. It recognizes an object without any physical contact and does not scratch or damage the target. Some commonly used proximity sensors include magnetic, inductive, photoelectric, and capacitive. It can detect metallic and non-metallic objects in harsh environments while avoiding security risks. As a result, proximity sensor finds extensive application in the aerospace, electronics, and manufacturing industries across the globe.
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Proximity Sensor Market Trends and Drivers:
The global proximity sensor market is primarily driven by the rising automation in complex production systems. Moreover, there is a rise in the use of proximity sensors for detecting surface imperfections in machined parts, controlling the gap between a robotic welding torch head and the work surface, and tracking bearing assembly processes.
In line with this, the increasing use of proximity sensors in automobiles for detecting the physical closeness of other vehicles is positively influencing the market growth. Additionally, ultrasonic parking sensors can identify people, which can help avoid back-over collisions involving pedestrians. Consequently, the rising use of ultrasonic and electromagnetic sensors in parking assistance and reverse warning applications has catalyzed market growth.
Other factors, including rising investments in research and development (R&D) activities, rapid expansion in the automotive industry, and surging product incorporation in robotics, are also anticipated to create a positive market outlook.
Global Proximity Sensor Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Proximity Sensor Companies:
Autonics Corporation, Balluff GmbH, Datalogic S.p.A., Fargo Controls Inc., Honeywell International Inc., Keyence Corporation, OMRON Corporation, Panasonic Corporation, Pepperl+Fuchs SE, Riko Opto-Electronics Technology Co. Ltd, Rockwell Automation Inc., Sick AG and STMicroelectronics.
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The report has segmented the market on the basis of region, technology, sensing range and end use industry.
Breakup by Technology:
- Inductive
- Capacitive
- Photoelectric
- Magnetic
- Others
Breakup by Sensing Range:
- 0 MM–20 MM Sensing Range
- 20 MM–40 MM Sensing Range
- Greater Than 40 MM Sensing Range
Breakup by End Use Industry:
- Aerospace and Defense
- Automotive
- Industrial
- Consumer Electronics
- Food and Beverage
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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