Proximity Sensor Market Size was valued at USD 29.89 billion in 2022, and expected to reach USD 50.99 billion by 2030, and grow at a CAGR of 6.9% over the forecast period 2023-2030.
Proximity sensors are used to calculate the distance or proximity between a target object and a receiver. Various market proximity sensors are used to detect a wide range of materials and serve a wide range of functions. Defense, automotive, consumer electronics, aerospace, and other critical areas are among the end-user applications. A few programmes shrink the size to fit into smaller programmes. Depending on the application, proximity sensors may also appear. The expansion of the industrial and automotive industries stimulates the overall expansion of the proximity sensory industry.
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Energy-saving lighting systems
Obstacles that are too thin to reflect the sound
Sensors are costlier
Sophisticated information and communication sector
Sound waves are easily affected
Designing of the proximity sensor is difficult
COVID 19 has accelerated the growth of the proximity sensor market as more organisations seek alternative business strategies to continue their operations. Several companies have digitised business processes such as marketing, provisioning, manufacturing, and other management functions. The IT and telecom sectors are also becoming more digital as they develop. Government legislation restricting COVID 19 has encouraged the industrial sector to invest in R&D and advanced sensory technology. The epidemic has increased the use of work-from-home options, which has resulted in greater use of smart devices and mobile phones than ever before. Such features encourage the full development of the proximity sensor industry.
BY TECHNOLOGY The introduction of touch-sensitive sensors can help minimise the technology's complexity to some level. This is the primary cause for the increased demand for sensory components like proximity sensors. Proximity Sensor uses technologies such as, Ultrasonic, Capacitive , Inductive , Magnetic , Photoelectric , Linear Variable Differential Transformer (LVDT) , Force Sensor and Other.
By Channel Type
Linear Variable Differential Transformer (LVDT)
By End Users
Aerospace and Defense
Food and Beverage
Travel and Transport
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Due to the huge number of suppliers and manufacturers of neighbouring nerves in the region, China now holds market share in various locations. Sensors with external synchronisation, time delays, top-down process, workplace stability, self-examination, anti-distraction, and other intelligent features have been produced by Chinese sensor makers. Such factors contribute to the region's proximity sensor industry's overall growth. The increased demand for smartphones in North America, on the other hand, promises considerable prospects for the proximity sensor market in the region. Furthermore, the presence of important market participants in North America, such as Honeywell and Rockwell Automation, can boost the value of the proximity sensor market.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The key players in Proximity Sensor Market are Autonics Corporation, Balluff GmbH, Datalogic SpA, Delta Electronics Inc, Fargo Controls, Inc, Honeywell International Inc, Keyence Corporation, NXP Semiconductor, OMRON Corporation, Riko Opto-electronics Technology Co. Ltd, Rockwell Automation Inc, SICK AG, ST Microelectronics NV, Avago Technologies Inc, Panasonic Corporation , Balluff GmbH., Hans Turck GmbH & CO., KG, Pepperl + Fuchs GmbH, Honeywell International Inc and Other.
Balluff GmbH-Company Financial Analysis
|Market Size in 2021
|US$ 27.97 Billion
|Market Size by 2028
|US$ 44.62 Billion
|CAGR of 6.9% From 2022 to 2028
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• By Channel Type (Multi-Channel, Single Channel)
• By Products (Fixed Distance, Adjustable Distance)
• By Technology(Ultrasonic, Capacitive, Inductive, Magnetic, Photoelectric, Linear Variable Differential Transformer (LVDT), Force Sensor)
• By End-User (Aerospace And Defense, Industrial Manufacturing, Building Automation, Automotive, Consumer Electronics, Food And Beverage, Pharmaceutical, Construction, Energy, Manufacturing, Travel, Transport)
|North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Autonics Corporation, Balluff GmbH, Datalogic SpA, Delta Electronics Inc, Fargo Controls, Inc, Honeywell International Inc, Keyence Corporation, NXP Semiconductor, OMRON Corporation, Riko Opto-electronics Technology Co. Ltd
|• Wireless technologies
• Energy-saving lighting systems
|• Obstacles that are too thin to reflect the sound
• Sensors are costlier
The Proximity Sensor Market size was valued at 27.9 billion in 2021 at a CAGR of 6.9%.
Wireless technologies, Automotive and Energy-saving lighting systems are the drivers of the Proximity Sensor Market.
The key players in Proximity Sensor Market are Autonics Corporation, Balluff GmbH, Datalogic SpA, Delta Electronics Inc, Fargo Controls, Inc, Honeywell International Inc, Keyence Corporation, NXP Semiconductor, OMRON Corporation, Riko Opto-electronics Technology Co. Ltd, Rockwell Automation Inc, SICK AG, ST Microelectronics NV, Avago Technologies Inc, Panasonic Corporation , Balluff GmbH., Hans Turck GmbH & CO., KG. , Pepperl + Fuchs GmbH, Honeywell International Inc and Other.
Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
5.Value Chain Analysis
6.Porter’s 5 forces model
8.Global Proximity Sensor Market Segmentation, by type
8.3 Single Channel
9.Global Proximity Sensor Market Segmentation, by products
9.2 Fixed Distance
9.3 Adjustable Distance
10.Global Proximity Sensor Market Segmentation, By technologies
10.7 Linear Variable Differential Transformer (LVDT)
10.8 Force Sensor
11.Global Proximity Sensor Market Segmentation, By End-User
11.2 Aerospace and Defense
11.3 Industrial Manufacturing
11.4 Building Automation
11.6 Consumer Electronics
11.7 Food and Beverage
11.12 Travel and Transport
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13.1 Honeywell International Inc.
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Autonics Corporation
13.3 Balluff GmbH
13.4 Datalogic SpA
13.5 Delta Electronics Inc
13.6 Fargo Controls, Inc
13.7 Honeywell International Inc
13.8 Keyence Corporation
13.9 NXP Semiconductor
13.10 OMRON Corporation
13.11 Riko Opto-electronics Technology Co. Ltd
13.12 Rockwell Automation Inc
13.13 SICK AG
13.14 ST Microelectronics NV
13.15 Avago Technologies Inc
13.16 Panasonic Corporation
13.17 Balluff GmbH.
13.18 Hans Turck GmbH & CO., KG.
13.19 Pepperl + Fuchs GmbH
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
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