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Pulished Date April, 2021
ID: 9904
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Proximity Sensors Market Segmentation By Technology (Inductive, Photoelectric, Capacitive, Ultrasonic, Magnetic, and Others (Force Sensor, etc.)), By Product Type (Fixed Distance and Adjustable Distance), By Chip Type (Single Chip and Multi-Chip), By Industry Vertical (Aerospace & Defense, Automotive, Building Automation, Consumer Electronics, Food & Beverage, Industrial, and Others), and By Applications (Conveyor Systems, Assembly Line Automation, Anti-Aircraft Warfare, Parking Sensor Systems, Roller Coasters, and Ground Proximity Warning System, etc.) Industry Forecast | 2021 to 2026

Pulished: April, 2021
ID: 9904
Pages: 175

Market Overview

It is estimated that the Global Proximity Sensors is likely to be valued at USD 2.92 billion in 2021, which is projected to reach around USD 4.38 billion by 2026, garnering a CAGR of 7% during the period of 2021 – 2026. Proximity sensors are often used to detect the presence of any object without any physical interaction. These sensors emit the electromagnetic field or the beam of electromagnetic radiation, like infrared, and monitor the changes in their field or return of these signals.

A proximity sensor is utilized for detecting the nearby objects, without even making any physical contact with them. They convert the phenomenon of movement of an object into electrical signals. There is a lot of type of these proximity sensors which are employed in their accordance to the applications of end-use i.e. an inductive proximity sensor is used for sensing the metallic objects, whereas capacitive proximity sensors are for detecting an organic or plastic material, etc. And the other type of these sensors includes capacitive proximity sensors, inductive proximity sensors, radar proximity sensors, Hall Effect proximity sensors, infrared proximity sensors, photocell proximity sensors, Doppler Effect proximity sensors. Also, a Hall Effect sensor can be varied on the basis of their working principle.

Recent Developments

  • Omron Automation, a Japanese based electronics company, has launched their new series of proximity sensors, named E2EW.
  • Qualcomm Technologies, one of the major players in the global market, and BOE Technology Group are planning to get into a strategic collaboration for developing display products that can showcase Qualcomm 3D Sonic ultrasonic technologies.

Drivers and Restraints of Global Proximity Sensors Market

The prominent factor that is promoting the development of the Global Proximity Sensors Market is the rapid growth in the urge for such sensors in the extension of factories and automation processing frameworks. Also, factors like the rising trend of process automation of various factories and the continuous advancements of tablet & smartphone markets are supposed to be accelerating the development of the global market over the prophesized period. In addition, the decrease in the prices of these sensors due to the competitive spirits of their manufacturers' cost trend is estimated to raise the adoption of these sensors among the consumers. And the growing demand for the automobile coupled with the integration of contact-less sensing applications to make sure of these sensors expertise in an automobile's safety & infotainment systems is another key factor that will fuel the growth of the Global Proximity Sensors Market over the coming years.

However, fluctuation in the prices of raw materials that are used in the manufacturing processes of these proximity sensors is a major restraint that was hindering the proximity sensors market over the forecast period, all around the world.

Nevertheless, growth in the usage of these proximity sensors in the thriving automotive sector is creating lucrative opportunities for the players in the target market.

Market Segmentation of Global Proximity Sensors Market

Based on the technology of sensors, the Global Proximity Sensors market is divided into an Inductive Sensor, Photoelectric Sensor, Capacitive Sensor, Ultrasonic Sensor, Magnetic Sensor, and Force Sensor.

And based on the type of product, the Global Proximity Sensors market is segmented into Fixed Distance and Adjustable Distance.

On the type of chip outlook, the Global Proximity Sensors market is segmented into Single Chip and Multi-Chip. Whereas, the Single Chip segment is sub-segmented into Single Channel and Multi-Channel.

In the outlook of Industrial Vertical, the Global Proximity Sensors market is segmented as Aerospace & Defense, Automotive, Building Automation, Consumer Electronics, Food & Beverage, Industrial, and Others. Whereas the Consumer electronics segment is sub-segmented into Smart Phones, Tablet, and Others

And on the applications outlook of these proximity sensors, the Global Proximity Sensors market is segmented into Conveyor systems, Assembly line automation, Anti-aircraft warfare, Parking Sensor Systems, Roller coasters, and Others like Ground Proximity Warning System.

Global Proximity Sensors Market Region wise analysis

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

In the regional analysis of the market, North America proximity sensor market accounted for the major share and is also expected to remain its dominance over the outlook period. Moreover, the proximity sensors market in Asia-Pacific is determined to witness the highest growth in the near future when compared to other regions. The major factor that is driving the growth of the target market in the Asia-Pacific, rapidly, is the rising call for the consumer electronics and automotive manufacturing industries, particularly in the developing nations like China and India. Additionally, the growing number of companies that develops and manufactures the sensors is another factor that is boosting the growth of the proximity sensor market in this area. And European regional market is expected to have a lot of growth opportunities in the revenue aspect during the projection period which is also followed by Latin America, and Middle East & Africa.

Key Players of Global Proximity Sensors Market

The key players of the Global Proximity Sensors Market includes Honeywell International, Inc., NXP semiconductors N.V., Qualcomm Technologies, Inc., STMicroelectronics N.V., Robert Bosch GmbH, Hewlett Packard Enterprise Development LP, IFM electronics GmbH, Kaman Corporation, Keyence Corporation, Lion Precision Inc., Micron Optics, Inc., Omron Corporation, Panasonic Corporation, Pepperl+Fuchs, Standex-Meder Electronics Inc., Turck Inc., etc.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Proximity Sensors Market, By Technology             

                    6.1.1 Inductive       

                    6.1.2 Photoelectric  

                    6.1.3 Capacitive      

                    6.1.4 Ultrasonic      

                    6.1.5 Magnetic       

                    6.1.6 Force Sensor  

                    6.1.7 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.8 Y-o-Y Growth Rate Analysis         

                    6.1.9 Market Attractiveness Index         

          6.2 Proximity Sensors Market, By Product Type          

                    6.2.1 Fixed Distance         

                    6.2.2 Adjustable Distance 

                    6.2.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 Market Attractiveness Index         

          6.3 Proximity Sensors Market, By Chip Type               

                    6.3.1 Single Chip    

                    6.3.2 Multi-Chip     

                    6.3.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.4 Y-o-Y Growth Rate Analysis         

                    6.3.5 Market Attractiveness Index         

          6.4 Proximity Sensors Market, By Industry Vertical               

                    6.4.1 Aerospace & Defense         

                    6.4.2 Automotive    

                    6.4.3 Building Automation

                    6.4.4 Consumer Electronics         

                    6.4.5 Food & Beverage      

                    6.4.6 Industrial       

                    6.4.7 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.8 Y-o-Y Growth Rate Analysis         

                    6.4.9 Market Attractiveness Index         

          6.5 Proximity Sensors Market, By Application             

                    6.5.1 Conveyor Systems    

                    6.5.2 Assembly Line Automation 

                    6.5.3 Anti-Aircraft Warfare

                    6.5.4 Parking Sensor Systems      

                    6.5.5 Roller Coasters        

                    6.5.6 Ground Proximity Warning System

                    6.5.7 Market Size Estimations & Forecasts (2019-2024)        

                    6.5.8 Y-o-Y Growth Rate Analysis         

                    6.5.9 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Technology          

                    7.2.3 By Product Type       

                    7.2.4 By Chip Type 

                    7.2.5 By Industry Vertical  

                    7.2.6 By Application

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Technology          

                    7.3.3 By Product Type       

                    7.3.4 By Chip Type 

                    7.3.5 By Industry Vertical  

                    7.3.6 By Application

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Technology          

                    7.4.3 By Product Type       

                    7.4.4 By Chip Type 

                    7.4.5 By Industry Vertical  

                    7.4.6 By Application

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Technology          

                    7.5.3 By Product Type       

                    7.5.4 By Chip Type 

                    7.5.5 By Industry Vertical  

                    7.5.6 By Application

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Technology          

                    7.6.3 By Product Type       

                    7.6.4 By Chip Type 

                    7.6.5 By Industry Vertical  

                    7.6.6 By Application

8. Key Player Analysis                           

          8.1 Honeywell International, Inc            

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 NXP semiconductors N.V                 

          8.3 Qualcomm Technologies, Inc          

          8.4 STMicroelectronics N.V         

          8.5 Robert Bosch GmbH              

          8.6 Hewlett Packard Enterprise Development LP                   

          8.7 IFM electronics GmbH           

          8.8 Kaman Corporation               

          8.9 Keyence Corporation             

          8.10 Omron Corporation             

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Proximity Sensors Market By Region, From 2021-2026 ( USD Billion )
  2. Global Proximity Sensors Market By Technology, From 2021-2026 ( USD Billion )
  3. Global Inductive Market By Region, From 2021-2026 ( USD Billion )
  4. Global Photoelectric Market By Region, From 2021-2026 ( USD Billion )
  5. Global Capacitive Market By Region, From 2021-2026 ( USD Billion )
  6. Global Ultrasonic Market By Region, From 2021-2026 ( USD Billion )
  7. Global Magnetic Market By Region, From 2021-2026 ( USD Billion )
  8. Global Force Sensor Market By Region, From 2021-2026 ( USD Billion )
  9. Global Proximity Sensors Market By Product Type, From 2021-2026 ( USD Billion )
  10. Global Fixed Distance Market By Region, From 2021-2026 ( USD Billion )
  11. Global Adjustable Distance Market By Region, From 2021-2026 ( USD Billion )
  12. Global Proximity Sensors Market By Chip Type, From 2021-2026 ( USD Billion )
  13. Global Single Chip Market By Region, From 2021-2026 ( USD Billion )
  14. Global Multi-Chip Market By Region, From 2021-2026 ( USD Billion )
  15. Global Proximity Sensors Market By Industry Vertical, From 2021-2026 ( USD Billion )
  16. Global Aerospace & Defense Market By Region, From 2021-2026 ( USD Billion )
  17. Global Automotive Market By Region, From 2021-2026 ( USD Billion )
  18. Global Building Automation Market By Region, From 2021-2026 ( USD Billion )
  19. Global Consumer Electronics Market By Region, From 2021-2026 ( USD Billion )
  20. Global Food & Beverage Market By Region, From 2021-2026 ( USD Billion )
  21. Global Industrial Market By Region, From 2021-2026 ( USD Billion )
  22. Global Proximity Sensors Market By Application, From 2021-2026 ( USD Billion )
  23. Global Conveyor Systems Market By Region, From 2021-2026 ( USD Billion )
  24. Global Assembly Line Automation Market By Region, From 2021-2026 ( USD Billion )
  25. Global Anti-Aircraft Warfare Market By Region, From 2021-2026 ( USD Billion )
  26. Global Parking Sensor Systems Market By Region, From 2021-2026 ( USD Billion )
  27. Global Roller Coasters Market By Region, From 2021-2026 ( USD Billion )
  28. Global Ground Proximity Warning System Market By Region, From 2021-2026 ( USD Billion )

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