Europe Proximity Sensor Market – Industry Trends and Forecast to 2030

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Europe Proximity Sensor Market Analysis and Size

Increasing adoption of the proximity sensors for automobile industry is acting as a driving factor for the growth of the proximity sensor market. Proximity sensor has certain limitation in the sensing capabilities which restricts the adoption of sensors and acts as a restraining factor for the growth of the proximity sensor market. Increasing use of automation across various industries such as manufacturing, power and others were also increasing the need to adopt proximity sensors and creating a window of opportunity for the growth of the proximity sensor market

Europe Proximity Sensor Market was valued at USD 3,374.35 million in 2022 and is expected to reach USD 6,018.98 million by 2030, registering a CAGR of 7.7% during the forecast period of 2023-2030. Inductive segments accounts the highest market share owing to the increasing usage of web analytics  acmong the consumer. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Europe Proximity Sensor Market Scope and Segmentation

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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

Europe Proximity Sensor Market Dynamics

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.In addition, rapid industrialization, surge in investments and development of manufacturing sectors positively affect the proximity sensor market.

Opportunity

• Research Activities for Development of More Applications

Furthermore, research activities for development of more applications extends profitable opportunities to the market players in the forecast period of 2023 to 2030. Also, high investments in smart city projects will further assist in the expansion of the market.

Restraint/Challenge

• Increase in Need for High Initial Investments

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 2023 to 2030.

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

Recent Development

• 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 as 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

Europe Proximity Sensor Market Scope

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 meagre 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

Europe Proximity Sensor Market Region Analysis/Insights

Europe proximity sensor market is analysed and market size information is provided by the technology, product, sensing range, channel type, application, type and end-user as referenced above.

The countries covered in the Europe proximity sensor market report are the Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey and rest of Europe

Germany is dominating in the Europe proximity sensor market owing to the factors such as increasing focus towards automation of industries and favourable support from the government toward the implementation of proximity sensor.

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 such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data..

Competitive Landscape and Europe Proximity Sensor Market Share Analysis

The Europe Proximity Sensor Market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the company’s focus related to the Europe proximity sensor market

Some of the major players operating in the Europe proximity sensor market are:

• STMicroelectronics (Switzerland)
• TE Connectivity (Switzerland)
• Qualcomm Technologies, Inc. (U.S.)
• NXP Semiconductors. (Netherlands)
• Infineon Technologies AG (Germany)
• Texas Instruments Incorporated. (U.S.)
• Robert Bosch GmbH (Germany)
• Microchip Technology Inc. (U.S.)
• Honeywell International Inc. (U.S.)
• ROHM Co. LTD. (Japan)
• Taiwan Semiconductor Manufacturing Company Limited (Taiwan)
• KIONIX, Inc. (U.S.)
• Northrop Grumman LITEF GmbH (Germany)
• Sensonor (Norway)

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