Proximity Sensor Market

Posted June 29, 2021 by GmarketEstimates

Global Proximity Sensor Market Size, Trends & Analysis - Forecasts to 2026

Global Proximity Sensor Market Size-Forecast to 2026

As per the research conducted by GME, the Proximity Sensor Market is estimated to be valued at USD 4115.7 million in 2021 and is projected to reach USD 5894.89 million by 2026 at a CAGR of 7.45%. The expansion of the proximity sensors market will be aided by the prevalence of the Industrial Internet of Things (IIoT) and the increasing importance of sophisticated automated manufacturing.

Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on “Proximity Sensor Market - Forecast to 2026”

By Technology (Inductive, Capacitive, Magnetic, Photoelectric, Ultrasonic), By Product Type (Fixed Distance, Adjustable Distance), By Application (Aerospace & Defense, Automotive, Industrial Manufacturing, Food & Beverage, Pharmaceuticals, Consumer Electronics, Building Automation); Competitive Landscape, Company Market Share Analysis, and Competitor Analysis; By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Company Market Share Analysis & Competitor Analysis
Key Market Insights
• The growing consciousness of surveillance and safeguarding systems in automotive is driving the market.
• The robotics sector is extensively embracing inductive sensors which lead to its supremacy.
• Adjustable distance product type segment is presumed to dominate ascribed to the growing demand for proximity sensors with extended detecting ranges.
• The automotive application segment is foreseen to predominate because there is a constant increase in capital investments in the establishment of numerous industries that employ proximity sensors.
• Beneficial government assistance for proximity sensor adoption contributes to the supremacy of North America.
• Avago Technologies Inc., IFM Electronic GmbH, Schneider Electric, Panasonic Corporation, Balluff GmbH, Hans Turck GmbH & CO., KG., Pepperl + Fuchs GmbH, Rockwell Automation, Omron Corporation, Honeywell International Inc., Fargo Controls, and Sick AG, among others, are the key players in the market.

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Technology Outlook (Revenue, USD Billion, 2021-2026)
• Inductive
• Capacitive
• Magnetic
• Photoelectric
• Ultrasonic

Product Type Application Outlook (Revenue, USD Billion, 2021-2026)
• Fixed Distance
• Adjustable Distance

Application Outlook (Revenue, USD Billion, 2021-2026)
• Aerospace & Defense
• Automotive
• Industrial Manufacturing
• Food & Beverage
• Pharmaceuticals
• Consumer Electronics
• Building Automation

Regional Outlook (Revenue, USD Billion, 2021-2026)
North America
• The U.S.
• Canada
• Mexico
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of APAC
Central & South America
• Brazil
• Argentina
• Rest of CSA
Middle East & Africa
• Saudi Arabia
• Rest of MEA

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Categories Electronics , Semiconductors
Tags proximity sensor , Proximity Sensor Market Statistics , Proximity Sensor Market share , COVID-19 impact on Proximity Sensor Market
Last Updated June 29, 2021