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.

Market Synopsis

The global proximity sensor market is expected to grow from USD 2,325.4 million in 2018 to USD ~3,630 million by 2025, at a CAGR of ~7% during the forecast period. A proximity sensor detects the presence of nearby objects without any physical contact. It functions by detecting a change in the local electromagnetic field. There is a change in the state of sensor output when a metal object is detected. Proximity sensors are largely used in automotive and aerospace & defense industries. Growth of advanced monitoring and safety systems is creating increased demand for proximity sensors in the automotive industry.

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Proximity sensors detect and warn the driver when the vehicle gets close to an object. 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 shapes of proximity sensors are evolving to meet customer requirements more efficiently. With continuous decrease in the size of automation equipment, proximity sensor manufacturers are working on developing lightweight and compact sensor package designs. Traditional barrel sensors are being replaced with new miniature cubical- and rectangular sensors. Models as thin as 6 mm are now replacing barrel-style sensors which are ten times thicker, while also achieving longer ranges. Proximity sensors are also available in various mounting options which maximize its application compatibility.

The automotive segment is expected to hold the largest share owing to the adoption of proximity sensors in various applications including parking assistance systems, infotainment systems, 3D gesture control systems, interior lighting control systems, and keyless entry system. In the parking assistance system, proximity sensors detect the presence of objects in the pathway of the vehicle and raise alarm to warn the driver, if an object is detected nearby. Proximity sensors are also used for preventing collision with pedestrians while parking the vehicle. Proximity sensors are also being rapidly adopted in the consumer electronics industry. Smartphones come equipped with proximity sensors which detect the proximity of screen to ears and accordingly control the display lights. Wearables are one of the important growth segments for proximity sensors under consumer electronics.

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.

Proximity Sensor Market

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Source: MRFR Analysis

Competitive Analysis

The proximity sensor report offers a comparative analysis of key players in the proximity sensor market. These key players are heavily investing in research and development to develop and offer efficient and cost-effective products. The large companies mainly emphasize on product innovation and effective distribution of their products through their network of partners in various countries.

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.

Intended Audience

Research/consultancy firms
Government organizations
System integrators
Investors and consultants
Technology standards organizations
Proximity sensor distributors
Manufacturers of proximity sensor
DC

laser proximity sensor
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light proximity sensor
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infrared distance sensor
autonics proximity sensor
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ifm proximity sensor
photoelectric proximity sensor
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optical proximity sensor
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infrared proximity sensor
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omron proximity sensor
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proximity sensor types
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ir proximity sensor
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inductive proximity sensor
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