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Global Proximity Sensor Market 2017-2021

Global Proximity Sensor Market 2017-2021

About Proximity Sensor

A proximity sensor is an electronic sensor used to detect the presence of nearby objects without having any physical contact with them. These sensors emit a beam of electromagnetic radiation or electromagnetic field and monitor the deviation or delay in the return of the signal or field. The object that is being sensed acts as a proximity sensor's target.

Based on the type, the target object for proximity sensors may vary. For instance, capacitive or photoelectric proximity sensors are suitable for detecting plastic targets, whereas an inductive proximity sensor is preferred for a metallic target.

Technavio’s analysts forecast the global proximity sensor market to grow at a CAGR of 8.77% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global proximity sensor market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of various types of proximity sensors, including inductive, photoelectric, capacitive, magnetic, and ultrasonic.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Proximity Sensor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • General Electric
  • Honeywell
  • Panasonic
  • OMRON
Other prominent vendors
  • Broadcom
  • Balluff
  • Eaton
  • Festo
  • ifm electronic
  • MICRO-EPSILION
  • NXP Semiconductors
  • Rockwell Automation
  • Schneider Electric
  • SICK
Market driver
  • Increasing awareness of monitoring and safety systems in automobiles
  • For a full, detailed list, view our report
Market challenge
  • Limited product variation between different manufacturers
  • For a full, detailed list, view our report
Market trend
  • Integration of ALS and proximity sensors into a single module
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Proximity Sensor Market 2017-2021

Technavio recognizes the following companies as the key players in the global proximity sensor market: General Electric, Honeywell, Panasonic, and OMRON

Other Prominent Vendors in the market are: Broadcom, Balluff, Eaton, Festo, ifm electronic, MICRO-EPSILION, NXP Semiconductors, Rockwell Automation, Schneider Electric, and SICK.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Integration of ALS and proximity sensors into a single module. The trend of miniaturization of electronic devices, specifically mobile computing devices, has resulted in the integration of components into a single module. ALS and proximity sensing are optical systems that use a sensing light-emitting diode (LED). The integration of ALS into proximity sensors along with an LED lighting source has resulted in significant benefits, including the ease of implementation and faster time to market”

According to the report, one of the major drivers for this market is Increasing awareness of monitoring and safety systems in automobiles. Proximity sensors are increasingly being used in different automobile parts, such as in front assist, rearview assist, and side assist monitoring systems. They are also used for gesture control for audio, navigation, HVAC, and smartphone connectivity functions.

Further, the report states that one of the major factors hindering the growth of this market is Limited product variation between different manufacturers. The proximity sensor market is characterized by the presence of organized and unorganized markets. The declining proximity sensor prices have resulted in low profit margins for vendors. This has led to the low capital expenditure by vendors on product differentiation. Owing to the lack of differentiation, the majority of the OEMs offer their products at competitive prices. This increases the price pressure on market vendors, resulting in a competitive environment with reduced profit margins. Thus, the unorganized market, mainly in China, has started offering products at low prices, which is increasingly affecting their profit margins and the overall market revenue.

Companies Mentioned

General Electric, Honeywell, Panasonic, OMRON, Broadcom, Balluff, Eaton, Festo, ifm electronic, MICRO-EPSILION, NXP Semiconductors, Rockwell Automation, Schneider Electric, and SICK.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Proximity sensors
    • Salient features of proximity sensors
      • Table Prominent features of proximity sensors
    • Market outline
  • Technology landscape
    • Types of proximity sensors
      • Table Types of proximity sensors
      • Table Types of inductive proximity sensors
      • Table Advantages and disadvantages of inductive proximity sensors
      • Table Types of photoelectric proximity sensors
      • Table Advantages and disadvantages of photoelectric proximity sensors
      • Table Advantages and disadvantages of capacitive proximity sensors
      • Table Advantages and disadvantages of magnetic proximity sensors
      • Table Advantages and disadvantages of ultrasonic proximity sensors
  • Market landscape
    • Market overview
      • Table Global proximity sensor market: Overview
    • Market size and forecast
      • Table Global proximity sensor market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Global proximity sensor market by application 2016 (% share)
      • Table Global proximity sensor market by application 2016-2021 (% share)
      • Table Global proximity sensor market by application 2016-2021 ($ billions)
    • Global proximity sensor market for automotive applications
      • Table Global proximity sensor market for automotive applications 2016-2021 ($ billions)
    • Global proximity sensor market for industrial manufacturing applications
      • Table Global proximity sensor market by industrial manufacturing applications 2016-2021($ billions)
    • Global proximity sensor market for home, office, and building automation applications
      • Table Global proximity sensor market by home, office, and building automationapplications 2016-2021 ($ billions)
    • Global proximity sensor market for consumer electronics applications
      • Table Global proximity sensor market by consumer electronics applications 2016-2021 ($billions)
    • Global proximity sensor market for other applications
      • Table Global proximity sensor market by other applications 2016-2021 ($ billions)
  • Market segmentation by product
    • Market overview
      • Table Global proximity sensor market by product 2016 (% share)
      • Table Global proximity sensor market by product 2016-2021 (% share)
      • Table Global proximity sensor market by product 2016-2021 ($ billions)
    • Global proximity sensor market by inductive proximity sensors
      • Table Global proximity sensor market by inductive proximity sensors 2016-2021 ($ billions)
    • Global proximity sensor market by photoelectric proximity sensors
      • Table Global proximity sensor market by photoelectric proximity sensors 2016-2021 ($billions)
    • Global proximity sensor market by capacitive proximity sensors
      • Table Global proximity sensor market by capacitive proximity sensors 2016-2021 ($billions)
    • Global proximity sensor market by magnetic proximity sensors
      • Table Global proximity sensor market by magnetic proximity sensors 2016-2021 ($billions)
    • Global proximity sensor market by ultrasonic proximity sensors
      • Table Global proximity sensor market by ultrasonic proximity sensors 2016-2021 ($billions)
  • Geographical segmentation
    • Market overview
      • Table Global proximity sensor market by geography 2016 (% share)
      • Table Global proximity sensor market by geography 2016-2021 (% share)
      • Table Global proximity sensor market by geography 2016-2021 ($ billions)
    • Proximity sensor market in Americas
      • Table Global proximity sensor market in Americas 2016-2021 ($ billions)
      • Table Automobile production by country 2016 Q2 (% share)
    • Proximity sensor market in APAC
      • Table Global proximity sensor market in APAC 2016-2021 ($ billions)
    • Proximity sensor market in EMEA
      • Table Global proximity sensor market in EMEA 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Automotive applications of proximity sensors
      • Table Global vehicle production 2016-2021 (millions of units)
      • Table Global elevator and escalator market 2016-2021 (thousands of units)
      • Table Applications of proximity sensors in industrial automation
      • Table Major high-rise buildings in the world 2016
    • Market challenges
      • Table Global semiconductor market 1990-2016 ($ billions)
  • Market trends
    • Integration of ALS and proximity sensors into a single module
      • Table Benefits of integrated ALS and proximity sensor module
      • Table Major applications and uses of integrated ALS and proximity sensor module
    • Development of collaborative robots
      • Table CAGR of global robotics market 2015-2020
    • Growing demand for smart/intelligent proximity sensors
      • Table Benefits of smart/intelligent sensors
    • Emergence of smart elevators
  • Vendor landscape
    • Competitive scenario
      • Table Principal parameters of competition
      • Table Comparison of leading vendors in proximity sensor market 2016
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • General Electric
      • Table General Electric: Proximity sensor portfolio
    • Honeywell
    • Panasonic
      • Table Panasonic: Proximity sensors portfolio
    • OMRON
      • Table OMRON: Business segmentation 2016 (% revenue share)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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