Global Proximity Sensor Market, By Technology (Inductive, Capacitive, Photoelectric, Magnetic, Ultrasonic, Others), Product (Fixed Distance, Adjustable Distance), Sensing Range (0mm-10mm, 10mm-40mm, 40mm-60mm, 60mm-80mm, Greater than 80mm), Channel Type (Single Channel, Multi-Channel), Application (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, Others), Type (Rectangular Inductive Sensor, Cylindrical Inductive Sensor, Ring Inductive Sensor, Slot Inductive Sensor), End-User (Aerospace and Defense, Automotive, Building Automation, Industrial, Consumer Electronics, Food and Beverage, Pharmaceutical, Construction, Energy, Other) – Industry Trends and Forecast to 2029
Market Analysis and Size
Various sensors have applications in numerous industry vertical, such as consumer electronic products, IT and telecommunication, and automotive, among others. The continuous technological advancements and adoption has led active sensors to find applications in consumer products. Automotive segment held the largest share in the market due to vast usage of proximity sensor in the automotive industry which includes detection of vehicle which is too close of an object, development of driverless cars and increasing need for material handling.
Global Proximity Sensor Market was valued at USD 3374.35 million in 2021 and is expected to reach USD 6018.08 million by 2029, registering a CAGR of 7.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
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. These sensors are used in parking lots, mobile phones, conveyor systems and many other industrial applications.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Technology (Inductive, Capacitive, Photoelectric, Magnetic, Ultrasonic, Others), Product (Fixed Distance, Adjustable Distance), Sensing Range (0mm-10mm, 10mm-40mm, 40mm-60mm, 60mm-80mm, Greater than 80mm), Channel Type (Single Channel, Multi-Channel), Application (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, Others), Type (Rectangular Inductive Sensor, Cylindrical Inductive Sensor, Ring Inductive Sensor, Slot Inductive Sensor), End-User (Aerospace and Defense, Automotive, Building Automation, Industrial, Consumer Electronics, Food and Beverage, Pharmaceutical, Construction, Energy, Other)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
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Market Players Covered
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STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Qualcomm Technologies, Inc. (US), NXP Semiconductors. (Netherlands), Infineon Technologies AG (Germany), Texas Instruments Incorporated. (US), Robert Bosch GmbH (Germany), Microchip Technology Inc. (US), Honeywell International Inc. (US), ROHM Co. LTD. (Japan), Taiwan Semiconductor Manufacturing Company Limited (Taiwan), TDK Corporation. (Japan), KIONIX, Inc. (US), Murata Manufacturing Co., Ltd. (Japan), Northrop Grumman LITEF GmbH (Germany), and Sensonor (Norway), among others
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Market Opportunities
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Proximity Sensor Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Adoption of Proximity Sensor
The increase in the adoption of accelerometer due to the benefits offered by these sensors, such as simple installation, good response at high frequencies, and low cost acts as one of the major factors driving the growth proximity sensor market. These sensors are also used for measuring high vibration levels of robotic machinery in high-end industrial applications.
- Demand for Micro-Electromechanical System (MEMS)
The rise in demand for Micro-Electromechanical System (MEMS)-based vibration sensors, including aerospace and defense, and automobile, among others accelerate the market growth. Also, these sensors are capable of controlling the damage caused to critical materials during high-speed activities.
- Use in Navigation Systems
The surge in the navigation systems where GPS is not available, such as submarines and satellites further influence the market. The adoption of automated condition monitoring technologies for development of smart factories has a positive impact on the market.
Additionally, rapid industrialization, surge in investments and development of manufacturing sectors positively affect the proximity sensor market.
Opportunities
Furthermore, research activities for development of more applications extends profitable opportunities to the market players in the forecast period of 2021 to 2029. Also, high investments in smart city projects will further assist in the expansion of the market.
Restraints/Challenges
On the other hand, increase in need for high initial investments in the manufacturing of numerous components is expected to obstruct market growth. Also, stringent regulations are projected to challenge the proximity sensor market in the forecast period of 2022-2029.
This proximity sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on proximity sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Proximity Sensor Market
COVID-19 has a major impact on the proximity sensor market. The factories in several countries witnessed shut downs in the initial stages of the pandemic as the governments implemented strict lockdowns in order to prevent the spread of the virus. In the post-pandemic, the lockdowns are being lifted and restrictions are being eased. Numerous companies were allowed to resume factory operations but at a limited capacity that use proximity sensor after the pandemic. The proximity sensor market is expected to gain its pace in the post-pandemic scenario owing to the easing on the restrictions.
Global Proximity Sensor Market Scope and Market Size
The proximity sensor market is segmented on the basis of technology, product, sensing range, channel type, application, type and end-user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.Technology
- Inductive
- Capacitive
- Photoelectric
- Magnetic
- Ultrasonic
- Others
Product
- Fixed Distance
- Adjustable Distance
Sensing Range
- 0mm-10mm
- 10mm-40mm
- 40mm-60mm
- 60mm-80mm
- Greater than 80mm
Channel Type
- Single Channel
- Multi-Channel
Application
- 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
- Others
Type
- Rectangular Inductive Sensor
- Cylindrical Inductive Sensor
- Ring Inductive Sensor
- Slot Inductive Sensor
End-User
- Aerospace and Defense
- Automotive
- Building Automation
- Industrial
- Consumer Electronics
- Smartphones
- Tablets
- Food and Beverage
- Pharmaceutical
- Construction
- Energy
- Other
Proximity Sensor Market Regional Analysis/Insights
The proximity sensor market is analyzed and market size insights and trends are provided by country, technology, product, sensing range, channel type, application, type and end-user as referenced above.
The countries covered in the proximity sensor market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
North America dominates the proximity sensor market because of the increased adoption of vibration sensors and well-established automotive sector within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in need for advanced vibration sensors in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Proximity Sensor Market
The proximity sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to proximity sensor market.
Some of the major players operating in the proximity sensor market are
- STMicroelectronics (Switzerland)
- TE Connectivity (Switzerland)
- Qualcomm Technologies, Inc. (US)
- NXP Semiconductors. (Netherlands)
- Infineon Technologies AG (Germany)
- Texas Instruments Incorporated. (US)
- Robert Bosch GmbH (Germany)
- Microchip Technology Inc. (US)
- Honeywell International Inc. (US)
- ROHM Co. LTD. (Japan)
- Taiwan Semiconductor Manufacturing Company Limited (Taiwan)
- TDK Corporation. (Japan)
- KIONIX, Inc. (US)
- Murata Manufacturing Co., Ltd. (Japan)
- Northrop Grumman LITEF GmbH (Germany)
- Sensonor (Norway)
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