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Global Proximity Sensors Market Size, Share, Growth, Trends: By Technology: Inductive, Capacitive, Photoelectric, Magnetic; By Product: Single Chip, Multi Chip; By End Use: Aerospace and Defence, Automotive, Building Automation, Food and Beverage, Consumer Electronics, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Proximity Sensors Market Outlook
The global market size for proximity sensors reached a value of more than USD 5.27 billion in 2023. The global proximity sensors market is expected to grow at a CAGR of 8.6% between 2024 and 2032, reaching a value of USD 11.04 billion by 2032.
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Key Trends in the Market
A proximity sensor is a type of sensor that is capable of detecting the presence of a nearby object without physical contact. Proximity sensors find their application in recycling plants, anti-aircraft systems, phones, assembly lines, and self-driving cars. There are three main types of sensor systems namely, camera-based, lidar-based, and radar-based systems.
- Proximity sensors are straightforward devices which makes it possible for them to be easily replaced or repaired thereby increasing their demand fuelling the proximity sensors market growth.
- Rising demand for proximity sensors owing to its increasing use in consumer products and smart home devices such as laptops and smartphones, among others, has contributed to the growth of the market.
- Factories are adopting process automation along with proximity sensors to streamline manufacturing process and remotely keep track of movement on factory floors.
- Proximity sensors are a low-cost way of maintaining security, as they remove the need for manual monitoring of CCTV screens or regular patrolling. The sensors can be programmed to send out alerts upon sensing movement.
Market Analysis
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Based on technology, the market can be divided into inductive, capacitive, photoelectric, and magnetic. By product, the market is bifurcated into single chip and multi-chip. On the basis of end use, the market is segmented into aerospace and defence, automotive, building automation, food and beverage, and consumer electronics, among others. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and 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 global proximity sensors market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- STMicroelectronics N.V.
- Autonics Corporation
- OMRON Corporation
- SICK AG
- Rockwell Automation, Inc.
- Honeywell International Inc.
- Others
Market Share by Technology
The magnetic type of technology for proximity sensors is expected to hold the largest share in the proximity sensors market because of their ability to detect permanent magnets across long distances. Magnetic fields are capable of penetrating non-magnetisable materials. These sensors help identify magnets through the constructed walls made up of stainless steel, plastic, non-ferrous metal, wood, or aluminium. depending on the power of the permanent magnet. Based on power, magnetic proximity sensors are of various types such as synchros, resonant sensors, inductosyn, among others, serving every purpose and demand of users.
Market Share by End Use
In the automotive industry, proximity sensors are used for innumerable purposes such as keyless entry systems, interior lighting control, infotainment systems, and 3D gestures, among other systems. Accordingly, the automotive industry accounts for a sizable segment of the global proximity sensors market, further supported by the rising popularity of touch-free user interfaces.
In the parking assistance system, presence of objects in the path of the vehicle can also be detected with the use of proximity sensors. All these factors have largely contributed to the growth of the automotive segment and also to the growth of the overall market.
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Competitive Landscape
STMicroelectronics N.V. is a multinational technology company that has its headquarter in Geneva, Switzerland. It was founded in 1987 and is involved in the development, manufacturing, and sales of semiconductors for analogue, mixed signal, and digital applications.
Autonics Corporation founded in 1977 is based out of Busan in South Korea. It believes in providing industrial automation solutions by developing and manufacturing automation products and distributing them to consumers globally.
OMRON Corporation was founded in 1933 and has its headquarter in Kyoto, Japan. It is a Japanese electronics company which manufactures medical equipment, electronic components, control equipment, ticket vending machines, factory automation systems, and automotive electronics.
Other market players include SICK AG, Rockwell Automation, Inc., and Honeywell International Inc., 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 Technology |
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| Breakup by Product |
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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 Industry Opportunities and Challenges
8 Global Proximity Sensors Market Analysis
8.1 Key Industry Highlights
8.2 Global Proximity Sensors Historical Market (2018-2023)
8.3 Global Proximity Sensors Market Forecast (2024-2032)
8.4 Global Proximity Sensors Market by Technology
8.4.1 Inductive
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Capacitive
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Photoelectric
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Magnetic
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.5 Global Proximity Sensors Market by Product
8.5.1 Single Chip
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Multi Chip
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Proximity Sensors Market by End Use
8.6.1 Aerospace and Defence
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Automotive
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Building Automation
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Food and Beverage
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Consumer Electronics
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Proximity Sensors Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 STMicroelectronics N.V.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Autonics Corporation
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 OMRON Corporation
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 SICK AG
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Rockwell Automation, Inc.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Honeywell International Inc
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Proximity Sensors Market: Key Industry Highlights, 2018 and 2032
2. Global Proximity Sensors Historical Market: Breakup by Technology (USD Million), 2018-2023
3. Global Proximity Sensors Market Forecast: Breakup by Technology (USD Million), 2024-2032
4. Global Proximity Sensors Historical Market: Breakup by Product (USD Million), 2018-2023
5. Global Proximity Sensors Market Forecast: Breakup by Product (USD Million), 2024-2032
6. Global Proximity Sensors Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Proximity Sensors Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Proximity Sensors Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Proximity Sensors Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Proximity Sensors Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Proximity Sensors Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Proximity Sensors Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Proximity Sensors Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Proximity Sensors Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Proximity Sensors Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Proximity Sensors Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Proximity Sensors Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Proximity Sensors Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Proximity Sensors Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Proximity Sensors Market Structure
Key Questions Answered in the Report
The global market size for proximity sensors reached a value of more than USD 5.27 billion in 2023.
The global market for proximity sensors is expected to grow at a CAGR of 8.6% between 2024 and 2032.
The global market size for proximity sensors is expected to reach a value of more than USD 11.04 billion by 2032.
The major market drivers include wide range of applications of proximity sensors, advancements in their technology, and the security provided by them.
The key trends of the market are quick repair and easy replacement of proximity sensor, increasing trend of process automation, rising use in automotives.
Key market players include STMicroelectronics N.V., Autonics Corporation, OMRON Corporation, SICK AG, Rockwell Automation, Inc., and Honeywell International Inc., among others.
A proximity sensor is a type of sensor that is capable of detecting the presence of a nearby object without physical contact.
Proximity sensors find their application in recycling plants, anti-aircraft systems, phones, assembly lines, and self-driving cars, among others.
The global proximity sensors market is segmented based on technology, product, end use, and region.
There are three main types of proximity sensor system namely, camera-based, lidar-based, and radar-based systems.
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