Huge Demand of Global Proximity Sensor Market during 2021-2030
New Study Reports ” Proximity Sensor Market 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2030″ has been Added on MarketResearchFuture.
Report Overview
The report on the Proximity Sensor Market provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2021 to 2030. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.
As per PMR’s report, the global proximity sensor market generated a market revenue of US 3.3 Bn in 2019, and is expected to expand at a steady CAGR of 6% during the forecast period (2020-2030).
Proximity sensors are used to detect the presence or absence of objects using light, electromagnetically field, and sound. Demand for proximity sensors is increasing for a broad range of applications, such as detection, inspection, positioning, robotics, and consumer products. These proximity sensors are becoming increasingly popular in the automotive industry, due to inherent advantages such as low cost, safety, low power, and ability to integrate with sliders, touch buttons, and others, for automotive sensing applications. Increasing awareness related to monitoring and safety systems in the automotive industry is expected to boost the growth of the proximity sensor market over the next decade.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Panasonic Corporation, ST Microelectronics NV, Autonics Corporation, OMRON Corporation, SICK AG, Riko Opto-electronics Technology Co. Ltd, Pepperl+Fuchs GmbH, Keyence Corporation, NXP Semiconductor and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Proximity Sensor.
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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.
“Due to increasing adoption of automation technologies for industrial process and control devices, demand for sensors in the industrial ecosystem is growing rapidly. Proximity sensors are used for sensing, positioning, and detection, within industrial automation applications, for non-contact proximity detection, which will drive market growth over the coming years,” says a PMR analyst.
Technological Advancements in Proximity Sensors to Boost Market Growth
Proximity sensors have seen an evolution from low-sensing capabilities to high-sensing and detection functions. The proximity sensor market landscape has evolved from fixed-sensing to auto-sensing proximity sensors. Moreover, the range of proximity sensors has increased due to wide application areas across industries. Modern-day proximity sensors have very high characteristic safety values, such as increased temperature range as well as increased EMC resistance.
In May 2019, Pepperl+Fuchs GmbH, introduced an inductive proximity sensor containing four rectangular and cylindrical series with a cable and plug connection. Such high-quality inductive proximity sensors are used to meet the needs of the automation industry.
Key Stakeholders
Proximity Sensor Market Manufacturers
Proximity Sensor Market Distributors/Traders/Wholesalers
Proximity Sensor Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Proximity Sensor Market Report:
- The Proximity Sensor Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Proximity Sensor Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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