A new market study, titled “Global Proximity Sensor Market Size, Status and Forecast 2020-2026” has been featured on Market Research Future.
The report encompasses the major developments within the Global Proximity Sensor Market amidst the novel COVID-19 pandemic. The report offers a thorough understanding of the different aspects of the market that are likely to be feel the impact of the pandemic.

Press Release Content:

Proximity sensors detect and warn the driver when the vehicle gets close to an object. Market Research Future (MRFR) announces the publication of its half-cooked research report – global proximity sensor market 2019–2025.

Related Link @http://heraldkeeper.com/news/proximity-sensor-market-size-revenue-covid-19-impact-analysis-regional-trends-company-profile-developments-and-opportunity-assessment-2025-520450.html

Proximity sensors are used to develop a system based on a rectangular capacitive proximity-sensing array for quantifying occupant head position in the vehicle, in order to meet the guidelines of the Insurance Institute for Highway Safety (IIHS). Furthermore, growth in industrial automation is another leading factor driving the growth of proximity sensor market. Proximity sensors in industrial automation are used in conveyor lines for counting and jam detection and in machine tools for safety interlock and sequencing.

The global proximity sensor market has been segmented on the basis of technology, end user, and region.

On the basis of technology, the market has been segmented into inductive, capacitive, photoelectric, and magnetic. The photoelectric proximity sensor is expected to account for a significant market share due to its extensive application in automotive and material handling. The capacitive proximity sensor segment is expected to grow at the highest CAGR during the forecast period.

By end user, the market has been segmented into aerospace & defense, automotive, industrial, consumer electronics, food & beverage, and others. The automotive segment holds a major market share in 2018, due to a large number of installations in automobiles for safety applications. The aerospace & defense segment is expected to grow at a significant CAGR during the forecast period.

Key Developments

In May 2019, Pepperl+Fuchs introduced inductive proximity sensor. These can be used for safeguarding machines and plant components along with providing reliable position detection.
In August 2017, Honeywell launched Integral Health Monitoring (IHM) series proximity sensors which can be used for aircraft sensing. These sensors can send specific diagnostics to the ground, which will allow mechanics to prepare for repairs quickly thus reducing the time needed for troubleshooting.
Segmentation

The proximity sensor market has been segmented on the basis of technology, end user, and region.

On the basis of technology, the market has been segmented into inductive, capacitive, photoelectric, and magnetic.

On the basis of end user, the market has been segmented into aerospace & defense, automotive, industrial, consumer electronics, food & beverage, and others.

Based on region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and Central and South America.

Regional Analysis

The global proximity sensor market is projected to grow at a significant rate during the forecast period from 2019 to 2025. The geographic analysis of the proximity sensor market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and Central and South America.

Asia-Pacific holds the largest market share in the global proximity sensor market owing to the rising production of smartphones in this region. Growth of industrial automation in Asia-Pacific is also one of the major drivers for proximity sensors in this region. Moreover, demand for proximity sensors in the manufacturing and consumer electronics sector is also expected to grow at a significant rate during the forecast period. North America holds the second-largest share in this market owing to the presence of key market players such as Rockwell Automation and Honeywell in the region. The market in Europe is expected to grow at a significant rate during the forecast period.

Key players

The key players in the proximity sensor market are Avago Technologies Inc. (Singapore), Schneider Electric (France), Panasonic Corporation (Japan), Balluff GmbH. (Germany), Hans Turck GmbH & CO., KG. (Germany), Pepperl + Fuchs GmbH (Germany), Rockwell Automation (US), Omron Corporation (Japan), Honeywell International Inc. (US), and Sick AG (Germany).

Other prominent players studied for the Proximity Sensor market are IFM Electronic GmbH (Germany), Fargo Controls (US), Gimatic S.r.l. (Russia), Bernstein AG (Germany), Baumer Holding AG (Germany), and Schmersal (Germany), among others.

More Information :https://www.marketresearchfuture.com/reports/proximity-sensor-market-8191

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