Global Proximity Sensor Market is forecasted to grow at 7.1% with factor such as increasing adoption of industrial automation across industries and rising adoption of advanced and contactless sensing technologies.
Proximity sensor market has shown an exceptional penetration in countries such as the U.S. Increasing focus towards the automation of business processes is boosting the growth in developed countries. In developing countries, rising adoption of smartphones, is creating opportunity for the global proximity sensor market.
Proximity sensor Market Scenario
According to Data Bridge Market Research, the market for proximity sensor in North America region has the highest market share followed by Europe and Asia-Pacific. Market leader is Broadcom which accounts an estimated market share of approximately 10% to 20%. The company has gained outstanding sales through their wide range of proximity sensor.
Trends Impacting the Market
Now the question is which other regions Broadcom, STMicroelectronics, and Panasonic Corporation are targeting? Data Bridge Market Research has estimated a large growth in North America proximity sensor market and the market leaders targeting U.S, Canada and Mexico to be their next revenue pockets for 2021.
The proximity sensor market is becoming more competitive every year with companies such Broadcom, STMicroelectronics, and Panasonic Corporation as they are the market leaders for road safety market. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the Road safety market.
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Proximity sensor Market Development in 2020
- In June 2020, STMicroelectronics announced the launch of FlightSense ToF ranging sensors named VL53L3CX. This ToF VL53L3CX sensor measures object ranges from 2.5 cm to 3 m, allowing them to introduce features like occupancy detectors or report the exact distances to multiple targets within the sensor’s field-of-view. This will help the company to enhance its offerings in the market.
Scope of the Proximity sensor Market
Global proximity sensor market is segmented on the basis of countries into the U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa.
- On the basis of technology, the proximity sensor market is segmented into inductive, capacitive, photoelectric, magnetic, ultrasonic and others. On the basis of product, the proximity sensor market has been segmented into fixed distance and adjustable distance. On the basis of sensing range, the proximity sensor market has been segmented into 0mm-10mm, 10mm-40mm, 40mm-60mm, 60mm-80mm and greater than 80mm.On the basis of channel type, the proximity sensor market has been segmented into single channel and multi-channel. On the basis of application, the proximity sensor market has been segmented into ground proximity warning system, parking sensor systems, assembly line automation, anti-aircraft warfare, roller coasters, vibration monitoring system, mobile devices, conveyor systems, detection of object, position, inspection and counting and others. On the basis of type, the proximity sensor market has been segmented into rectangular inductive sensor, cylindrical inductive sensor, ring inductive sensor and slot inductive sensor. On the basis of end-user, the proximity sensor market has been segmented into aerospace and defense, automotive, building automation, industrial, consumer electronics (smartphones and tablets), food and beverage, pharmaceutical, construction, energy and other.
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Key Pointers Covered in Proximity Sensor Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Market Key Vendors and Disruptors Study
Key Market Competitors Covered in the Report
- Delta Electronics, Inc.
- Datalogic S.p.A.
- STMicroelectronics
- OMRON Corporation
- Rockwell Automation, Inc.
- Schneider Electric
- Pepperl+Fuchs SE
- Honeywell International Inc.
- Panasonic Corporation
- SICK AG
- Baumer Holding AG
- Contrinex AG
- Autonics Corporation
- Broadcom
- Semtech Corporation
- Infineon Technologies AG
- Balluff Automation India Pvt. Ltd.
- Hans Turck GmbH & Co. KG
- Fargo Controls Inc.
- Eaton
Above are the key players covered in the report, to know about more and exhaustive list of Proximity sensor companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-proximity-sensor-market
Research Methodology: Global Proximity Sensor Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis.
Primary Respondents
- Demand Side: Managers, Directors, Government, Sensor Companies, Consultants
- Supply Side: Service Providers, Product Managers, Product Designer, Marketing Managers, C-Level Executives, Market Intelligence, and Regulatory Affairs Managers among others.
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