"Smart Strategies, Giving Speed to your Growth Trajectory"

Proximity Sensors Market Size, Share and Global Trend By Technology (Capacitive Radiation, Magnetic, Infrared), By Product (Fixed & Variable) Distance, By Industry Vertical (Aerospace & Defence, Automotive, Building Automation and others) and Geography Forecast till 2025

Region : Global | Report ID: FBI100254 | Status : Ongoing

 

KEY MARKET INSIGHTS

The penetration of advanced automation technologies across semiconductor industry verticals will support the adoption of proximity sensors in fabrication facilities. According to semiconductor industry automation org (SIA), global semiconductor market has reached to market revenue of US$ 468.8 Bn in 2018. Proximity sensors comprise of all electronic sensors that can detect the presence or absence of objects using electromagnetic fields, light, and sound without making contact. Proximity sensors measure the displacement or movement of objects of interest from one point to another.     

The basic types of proximity sensors are photoelectric, inductive, magnetic, LVDT (Linear Variable Differential Transformer), capacitive and Ultrasonic Sensors. Technologies used in proximity sensors are capacitive radiation, magnetic, infrared (IR), and force sensor. Proximity sensors are capable of working in hazardous conditions such as extreme temperature, humidity, and chemical processing applications. Recent development in proximity sensors market include the rising trend of advance process automation system based on AI, and IoT technology might drift the proximity & displacement sensors market.

To gain extensive insights into the market, Request for Customization

Adoption of Artificial Intelligence (AI) technology, IoT and cloud deployment of cloud-based solutions in the manufacturing sector, along with the ongoing development of the aerospace and defense industry is favoring market growth. Furthermore, Nanotechnology is an essential factor to drive the growth of proximity sensors market. According to a report published by ITU, the investment on Nanotechnology is projected to exceed US$ 125 Bn by 2024.

For example, in 2018, Hans Turck GmbH & Co. launched its new range of 8 mm barrel inductive proximity sensors based on Nano-technology. This technology embedded Nano ferrite core in sensors that results in increasing the sensing range by up to 50%. Proximity sensors have technical features such as IP67 vs. iP68 that makes them appropriate for use in places where water or oil is consumed.

 KEY PLAYERS COVERED

Some of the key players in proximity sensors market include 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 among others.

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

By Geography

·         North America (the USA and Canada)

·         Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

·         Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

·         Latin America (Brazil, Mexico and Rest of Latin America)

·         Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

                       

REGIONAL ANALYSIS

Asia Pacific region is projected to hold a strong position in the global proximity sensors market, capturing maximum market share in the worldwide proximity sensors market in the forecasted period. This growth is due to massive investment by key players in technology and research training centers in developed countries such as Japan, South Korea. For instance, in 2018, Hans Turck GmbH & Co. officially opened its brand new research and training center in Korea with an aim to develop and innovate technologies used in proximity sensors. This initiation would boost the proximity sensors market in the Asia Pacific region in the forecasted period.

Key Industry Developments

·In August 2017, Honeywell International Inc. launched IoT based proximity Sensors for Aircraft. These sensors are advanced new series of self-diagnosing applications, designed to improve the performance of aircraft systems, and help to and reduce maintenance costs by assisting in eliminating to eliminate false readings.

·In October, 2016, Infineon acquired the company Innoluce, manufacturer of (Micro-Electro-Mechanical Systems) and LiDAR systems for use in autonomous cars. This acquisitions have completed with an aim to deliver proficiency in all three complementary proximity sensor systems which would provide the redundancy required for autonomous driving.


Proximity Sensors Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization

Information & Technology Clients

Samsung
Google
ABB_logo
microsoft
Oracle_logo

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X