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Global Proximity and Displacement Sensors Market Forecast: By Type: Inductive Sensor, Photoelectric Sensor, Capacitive Sensor, Ultrasonic Sensor, Magnetic Sensor, LVDT Sensor; By End Use: Automotive, Healthcare, Manufacturing, Food And Beverage, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Proximity and Displacement Sensors Market Outlook
The global proximity and displacement sensors market size reached approximately USD 5.03 billion in 2023. The market is estimated to grow at a CAGR of 10.2% in the forecast period of 2024-2032, reaching a value of around USD 12.21 billion by 2032.
Key Trends in the Market
A proximity sensor detects the presence of an object within its vicinity whereas a displacement sensor measures the distance by which any object has moved. These sensors are widely used in various applications in the automotive, manufacturing, and food and beverages sectors, among others.
- The growing deployment of proximity sensors in the healthcare sector in patient monitoring and detecting vital signs in patients to enhance their safety and care is one of the key proximity and displacement sensors market trends.
- Displacement sensors are rigorously incorporated in the aerospace sector for the measurement of the movement of various structures and components in aircraft, satellites, drones, and space vehicles, among others.
- Miniature ultrasonic sensors are being used for proximity detection in robotics and level sensing in tanks and reservoirs, among others, due to their compact size and lightweight design, further providing impetus to the proximity and displacement sensors market growth.
- Increased integration of proximity and displacement sensors in smart homes for automation of tasks such as lighting control, keyless access, temperature adjustment, activation of security systems, and motion detection, among others, is also a crucial trend aiding the market.
Market Analysis
Based on type, the market is divided into inductive sensor, photoelectric sensor, capacitive sensor, ultrasonic sensor, magnetic sensor, and LVTD sensor. The proximity and displacement sensors market segmentation, on the basis of end use, includes automotive, healthcare, manufacturing, and food and beverage, among others. The major regional markets of proximity and displacement sensors are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the proximity and displacement sensors market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Honeywell International Inc.
- Eaton Corporation
- Panasonic Corporation
- Sharp Corporation
- STMicroelectronics N.V.
- Omron Corporation
- Rockwell Automation, Inc.
- SICK AG
- Pepperl+Fuchs SE
- Autonics Corporation
- Others
Market Share by End Use
As per the proximity and displacement sensors market analysis, the automotive sector accounts for a substantial share of the market, due to the growing usage of proximity sensors in vehicle security systems to detect tampering or break-in attempts. Such sensors are also integrated into advanced driver assistance systems for collision avoidance and parking assistance.
Furthermore, displacement sensors find applications in the clutch, brake, and transmission components of an automobile to enhance driver convenience and safety.
Market Share by Region
North America accounts for a substantial portion of the global proximity and displacement sensors market share, owing to the increased adoption of automation in various sectors. Technological advancements in the automotive and manufacturing sectors of the region also offer a positive market outlook.
Meanwhile, the Asia Pacific is expected to witness robust growth in the forecast period, due to the growth of the automotive sector in the region, which fuels the adoption of these sensors in ADAS systems in vehicles.
Competitive Landscape
Honeywell International Inc., founded in 1906, is a conglomerate with its headquarters in North Carolina, the United States. Its product portfolio includes control panels, electrical and wiring components, emergency detectors, and sensors, among others.
Eaton Corporation is a power management company, established in 1911 and based in Dublin, Ireland. The company specialises in power distribution, backup, and power monitoring and management solutions, among others.
Panasonic Corporation, incorporated in 1918 and headquartered in Osaka, Japan, is a global electronics company. The company aims to achieve carbon neutrality and recycling of resources as a part of its sustainability initiative.
Other proximity and displacement sensors market players include Sharp Corporation, STMicroelectronics N.V., Omron Corporation, Rockwell Automation, Inc., SICK AG, Pepperl+Fuchs SE, and Autonics Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Proximity and Displacement Sensors Market Analysis
8.1 Key Industry Highlights
8.2 Global Proximity and Displacement Sensors Historical Market (2018-2023)
8.3 Global Proximity and Displacement Sensors Market Forecast (2024-2032)
8.4 Global Proximity and Displacement Sensors Market by Type
8.4.1 Inductive Sensor
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Photoelectric Sensor
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Capacitive Sensor
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Ultrasonic Sensor
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Magnetic Sensor
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 LVDT Sensor
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.5 Global Proximity and Displacement Sensors Market by End Use
8.5.1 Automotive
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Healthcare
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Manufacturing
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Food And Beverage
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Proximity and Displacement Sensors Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Proximity and Displacement Sensors Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Proximity and Displacement Sensors Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Proximity and Displacement Sensors Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Proximity and Displacement Sensors Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Proximity and Displacement Sensors Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Honeywell International Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Eaton Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Panasonic Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Sharp Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 STMicroelectronics N.V.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Omron Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Rockwell Automation, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 SICK AG
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Pepperl+Fuchs SE
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Autonics Corporation
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Proximity and Displacement Sensors Market: Key Industry Highlights, 2018 and 2032
2. Global Proximity and Displacement Sensors Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Proximity and Displacement Sensors Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Proximity and Displacement Sensors Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Proximity and Displacement Sensors Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Proximity and Displacement Sensors Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Proximity and Displacement Sensors Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Proximity and Displacement Sensors Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Proximity and Displacement Sensors Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Proximity and Displacement Sensors Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Proximity and Displacement Sensors Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Proximity and Displacement Sensors Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Proximity and Displacement Sensors Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Proximity and Displacement Sensors Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Proximity and Displacement Sensors Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Proximity and Displacement Sensors Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Proximity and Displacement Sensors Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Proximity and Displacement Sensors Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 5.03 billion.
The market is projected to grow at a CAGR of 10.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 12.21 billion by 2032.
The major market drivers are growing industrial automation and increased implementation of proximity and displacement sensors in the automotive sector for enhanced security.
The key trends aiding the market include the growing deployment of proximity sensors in the healthcare sector, increased incorporation of displacement sensors in the aerospace sector, surge in applications of miniature ultrasonic sensors, and increased integration of proximity and displacement sensors in smart homes.
What are the major regional markets for proximity and displacement sensors, according to the report?
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various end uses are automotive, healthcare, manufacturing, and food and beverage, among others.
The key players in the market are Honeywell International Inc., Eaton Corporation, Panasonic Corporation, Sharp Corporation, STMicroelectronics N.V., Omron Corporation, Rockwell Automation, Inc., SICK AG, Pepperl+Fuchs SE, and Autonics Corporation, among others.
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