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Proximity Sensors Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: July, 2022
No of Pages: 165
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$2,950.00

Proximity Sensor Market was valued at USD 3790.5 million in 2020 and is expected to reach USD 5761.12 million by 2030 and grow at a CAGR of 7.3% over the forecast period (2022 – 2030). The proximity sensor can detect the presence of objects within its vicinity without any physical contact. For sensing objects, this sensor radiates or emits a beam of electromagnetic radiation, usually in the form of infrared light, and detects the reflection to determine the object’s proximity or distance from the sensor.

  • However, the shut down of manufacturing facilities in various countires like China, many parts of the world experinced shortage in supply of the component throughout February and March of 2020 owing to the global COVID-19 pandemic. Moreover, many companies started utilizing technology to contain the spread of the coronavirus and thus are developing various electronic devices.
  • The growing industrial automation has been emerging to be a relatively more attractive space for investment by organizations across the world. The dependence on robots in industrial controller mechanisms is an established trend, paving the way for more extensive and wider adoption of the industrial control and automation equipment.
  • The rise in automation of complex production systems has increased the demand for components capable of providing critical data related to the production process. These sensors facilitate process control in factories by detecting the presence and position of metal objects. Proximity sensors can also help in automating procedures and even repetitive tasks, resulting in an efficient production line.
  • The technology complexity can be reduced to an extent with the implementation of non-contact sensing technology. This is the primary reason for the increasing demand for sensing components, like a proximity sensor.
  • However, limitations in sensing capabilities and availability of other sensors at a lower cost may hinder the growth of the proximity sensor market.

    Proximity Sensors Market Report Scope and Segmentation

    ATTRIBUTESDETAILS
    ESTIMATED YEAR2022
    BASE YEAR2021
    FORECAST YEAR2030
    HISTORICAL YEAR2017-2021
    UNITValue (USD Million/Billion)
    BY REGIONNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa

SEGMENTATION

 Segmentation Details
By Technology·         Capacitive Radiation

·         Magnetic

·         Infrared (IR)

·         Force Sensor

·         Other

By Product·         Fixed Distance

·         Variable Distance

By Industry Vertical·         Aerospace & Defence

·         Automotive

·         Building Automation

·         Consumer Electronics

·         Food & Beverage

·         Industrial & Manufacturing

·         Others

Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia & New Zealand
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Northern Africa

Key Market Trends

Automotive Industry is Expected to Hold the Largest Market Share

  • The touch-free user interface is driving the adoption of proximity sensors in automotive applications. Applications, where these sensors can be used in automotive, include infotainment systems, keyless entry systems, 3D gestures, and interior lighting control. In the parking assistance system, these sensors can detect the presence of objects in the pathway of the reversing vehicle and can raise the alarm to warn the driver. Proximity sensors also prevent collision with pedestrians while parking.
  • Due to the increasing purchasing power of the millennial population, there is a constant demand for passenger cars. Globally, the number of passengers crossed 86 million units mark in 2018, and the market is expected to follow the trend during the forecast period.
  • For an average consumer, trucks are reliable options, as they have better fuel efficiency and safety features. These factors drive the growth of the heavyweight vehicle segment. Premium vehicles and utilities continue to drive the sales of light vehicles, which cumulatively contribute to an increase in the demand for inductive proximity sensors market during the forecast period.

North America to Witness a Significant Growth

  • Increasing demand for automation and steady growth in capital investments in setting up various industries where proximity sensors are used are driving the growth of the market studied.
  • Moreover, the United States is the largest smart parking market across the world, owing to the presence of various technology companies, government regulations, and financial support. Furthermore, the presence of heavy traffic in cities, such as New York and Los Angeles, and growing higher level of awareness toward modern solutions for traffic control and parking drive the growth of the US smart parking market.
  • Moreover, the region has always been at the forefront, in terms of technology. Apple supplier AMS, has developed a light and infrared proximity sensor that can sit behind a smartphone’s screen, reducing the area required for such sensors and thus allowing for a larger display.
  • The vast usage of smartphones in the region is further paving to the growth of the market. According to Consumer Technology Association and US Census bureau, in 2019, the smartphone sales in the United States accounted for USD 77.5 billion.

Competitive Landscape

  •  Pepperl + Fuchs GmbH
  •  Hans Turck GmbH & Co
  •  Schneider Electric SE
  •  Sick AG
  • Panasonic Corporation
  •  Rockwell Automation Inc.
  • Semtech Corporation
  •  Vishay Semiconductors
  •  ST Microelectronics NV
  •  Qualcomm Technologies
  • Others

Table Of Content

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness – Porter’s Five Forces Analysis

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers/Consumers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Market Drivers

      1. 4.4.1 Increase in Demand for Non-contact Sensing Technology

      2. 4.4.2 Growth in Industrial Automation

    5. 4.5 Market Restraints

      1. 4.5.1 Limitations in Sensing Capabilities

    6. 4.6 Impact of Covid-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Technolgy

      1. 5.1.1 Inductive

      2. 5.1.2 Capacitive

      3. 5.1.3 Photoelectric

      4. 5.1.4 Magnetic

    2. 5.2 By End-user Industry

      1. 5.2.1 Aerospace and Defense

      2. 5.2.2 Automotive

      3. 5.2.3 Industrial

      4. 5.2.4 Consumer Electronics

      5. 5.2.5 Food and Beverage

      6. 5.2.6 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 South Korea

        4. 5.3.3.4 Rest of Asia Pacific

      4. 5.3.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

      1. 6.1 Company Profiles

        1. 6.1.1 Panasonic Corporation

        2. 6.1.2 Riko Opto-electronics Technology Co. Ltd.

        3. 6.1.3 SICK AG

        4. 6.1.4 ST Microelectronics NV

        5. 6.1.5 Delta Electronics Inc.

        6. 6.1.6 Autonics Corporation

        7. 6.1.7 Datalogic SpA

        8. 6.1.8 OMRON Corporation

        9. 6.1.9 Rockwell Automation Inc.

        10. 6.1.10 Pepperl+Fuchs GmbH

        11. 6.1.11 Keyence Corporation

        12. 6.1.12 Honeywell International Inc.

Segmentation

SEGMENTATION

 Segmentation Details
By Technology·         Capacitive Radiation

·         Magnetic

·         Infrared (IR)

·         Force Sensor

·         Other

By Product·         Fixed Distance

·         Variable Distance

By Industry Vertical·         Aerospace & Defence

·         Automotive

·         Building Automation

·         Consumer Electronics

·         Food & Beverage

·         Industrial & Manufacturing

·         Others

Major Companies

  •  Pepperl + Fuchs GmbH
  •  Hans Turck GmbH & Co
  •  Schneider Electric SE
  •  Sick AG
  • Panasonic Corporation
  •  Rockwell Automation Inc.
  • Semtech Corporation
  •  Vishay Semiconductors
  •  ST Microelectronics NV
  •  Qualcomm Technologies
  • Others

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