Proximity Sensor Market Statistics, Emerging Trends, Size, Growth Factors, Forecast – 2033
According to PMR’s analysis, the worldwide Proximity Sensor Market had annual sales of US$3.3 billion in 2019 and is projected to grow at a consistent CAGR of 6% over the following five years (2020–2030).
Proximity sensors use light, electromagnetic fields, and sound to determine whether things are present or absent. Many applications, including detection, inspection, positioning, robotics, and consumer goods, are driving up the demand for proximity sensors. Due to their inherent benefits, including low cost, safety, low power consumption, and the capacity to connect with sliders, touch buttons, and other devices for automotive sensing applications, these proximity sensors are becoming more and more common in the automobile sector. Over the coming ten years, the automobile industry’s growing awareness of monitoring and safety systems is anticipated to fuel the market for proximity sensors.
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Key Takeaways from Proximity Sensor Market Study
- The automotive segment is expected to gain significant share, due to wide application of proximity sensors for sensing and collision detection.
- Capacitive proximity sensors are suitable for application with various types of materials, and are broadly used for industrial applications, which drives market growth.
- The inductive sensors segment is expected to hold a prominent share in the proximity sensor market, owing to increased fidelity of position detection and decreased maintenance cost of these system for aircraft applications.
- Increasing adoption of proximity sensors in robotics is anticipated to result in significant dominance of North America in the global proximity sensor market.
- Due to the COVID-19 outbreak, demand for proximity sensors has surged so as to enhance workplace safety and ensure contact tracing via proximity detection tags.
“Demand for sensors in the industrial environment is expanding quickly as a result of the growing adoption of automation technology for industrial process and control devices.” According to a PMR researcher “The adoption of proximity sensors for sensing, positioning, and detection in industrial automation applications for non-contact proximity detection will propel market expansion in the upcoming years.”
Technological Advancements in Proximity Sensors to Boost Market Growth
From low-sensing to high-sensing and detecting capacities, proximity sensors have undergone considerable development. Fixed-sensing proximity sensors have given way to auto-sensing proximity sensors in the market landscape. Also, the spectrum of proximity sensors has grown as a result of their numerous industrial applications. Contemporary proximity sensors feature extremely high safety characteristics, such as a wider operating temperature range and higher EMC resistance.
Inductive proximity sensors with four rectangular and cylindrical series and a cable and plug connection were introduced by Pepperl+Fuchs GmbH in May 2019. The automation sector uses inductive proximity sensors of this calibre to satisfy its needs.
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Key Players :
- Panasonic Corporation
- ST Microelectronics NV
- Autonics Corporation
- OMRON Corporation
- SICK AG
- Riko Opto-electronics Technology Co. Ltd
- Datalogic SpA
- Rockwell Automation Inc.
- Honeywell International Inc.
- Pepperl+Fuchs GmbH
- Keyence Corporation
- NXP Semiconductor
- Balluff GmbH.
- Fargo Controls, Inc.
More Valuable Insights on Proximity Sensor Market
Persistence Market Research (PMR) recently released a new market research report on the worldwide proximity sensor market that analyses the industry globally from 2015 to 2019 and evaluates market opportunities from 2019 to 2030. According to technology (magnetic sensors, photoelectric sensors, capacitive sensors, inductive sensors, and others), type (adjustable distance proximity sensors and fixed distance proximity sensors), sensing range (less than 10 mm, 10 mm – 20 mm, and more than 20 mm), and application (consumer electronics, pharmaceuticals, industrial manufacturing, food & beverages, automobiles, aerospace & defence, and others), the report offers insightful data on six major market segments.
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