IMARC Group, a leading market research company, has recently releases report titled “Proximity Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global proximity sensor market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Proximity Sensor Market?
The global proximity sensor market size reached US$ 4.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.82% during 2023-2028.
A proximity sensor is a contactless sensor that examines the presence of an object when it is near the field of the sensor. It utilizes a wide range of components, including sound, light, infrared radiation (IR), and electromagnetic fields, to detect the presence of targets. It is commercially available as an inductive, magnetic, ultrasonic, reflective, photoelectric, and capacitive proximity sensor, which is capable of detecting objects carrying an electrical charge. It provides high-speed response as compared to switches that require physical contact and can be used in a wide temperature range. It is incorporated into self-driving cars, anti-aircraft systems, and assembly lines.
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What are the growth prospects and trends in the proximity sensor industry?
At present, the increasing utilization of smartphones to access the internet and communicate with other individuals is propelling the growth of the market. Besides this, the rising emergence of industrial automation, along with the growing integration of robots in industrial controller mechanisms, is offering a favorable market outlook.
In addition, the increasing adoption of non-contact sensing technology to reduce technology complexity is contributing to the growth of the market. Apart from this, the rising integration of keyless entry systems, infotainment systems, interior lighting control, and parking assistance systems in automobiles is supporting the growth of the market.
Additionally, the increasing employment of proximity nanosensors in retail automation and to detect movement in industrial and electronic appliances is bolstering the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Technology:
- Inductive
- Capacitive
- Photoelectric
- Magnetic
- Others
Breakup by Sensing Range:
- 0 MM–20 MM Sensing Range
- 20 MM–40 MM Sensing Range
- Greater Than 40 MM Sensing Range
Breakup by End Use Industry:
- Aerospace and Defense
- Automotive
- Industrial
- Consumer Electronics
- Food and Beverage
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Autonics Corporation, Balluff GmbH, Datalogic S.p.A., Fargo Controls Inc., Honeywell International Inc., Keyence Corporation, OMRON Corporation, Panasonic Corporation, Pepperl+Fuchs SE, Riko Opto-Electronics Technology Co. Ltd, Rockwell Automation Inc., Sick AG and STMicroelectronics.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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