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Proximity Sensors Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032

Publisher Global Market Insights
Published Sep 02, 2024
Length 220 Pages
SKU # GMI19309721

Description

Proximity Sensors Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032


The Global Proximity Sensors Market was valued at USD 4.7 billion in 2023 and is projected to grow at a CAGR of over 5% from 2024 to 2032. Advancements in automotive technology significantly drive this growth. The integration of automated parking solutions and advanced driver-assistance systems in modern vehicles has increased demand for proximity sensors. Major automotive manufacturers like Toyota and Tesla extensively incorporate these sensors to enhance vehicle safety. Automation in industrial manufacturing is another key growth driver. Industries are deploying proximity sensors in robotics, manufacturing processes, and conveyor systems to improve efficiency and reduce operational costs. These sensors are crucial for detecting counting, object presence, and quality control.

The overall proximity sensors industry is classified based on type, sensing range, technology, application, technology, output type, and region.

Based on technology, the market is divided into passive and active proximity sensors. The active proximity sensors segment dominated the market in 2023 and is expected to surpass USD 2 billion by 2032. Active proximity sensors emit signals and detect reflections to determine the presence, distance, and speed of objects. They are widely used in automotive systems, industrial automation, and consumer electronics. Additionally, these sensors offer higher accuracy and faster response times compared to passive sensors, making them ideal for applications requiring real-time object detection and tracking.

Based on sensing range, the market is segmented into medium range (10 mm to 50 mm), short range (up to 10 mm), and long range (above 50 mm). The long range segment, with a detection range exceeding 50 mm, is the fastest growing, with a CAGR of over 7% from 2024 to 2032. These sensors are essential for precise object detection at a distance, crucial in industrial automation, automotive systems, and safety monitoring applications.

The proximity sensors market is experiencing growth in Asia Pacific, expected to exceed USD 2.5 billion by 2032. The region's robust manufacturing sector, particularly in China, Japan, South Korea, and Taiwan, drives this growth. These countries are major electronics manufacturers and automotive producers, heavily utilizing proximity sensors. Japan's market benefits from its strong consumer electronics and automotive industries, with a focus on technological innovation and precision manufacturing.

Table of Contents

220 Pages
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2024 - 2032
2.2 Business trends
2.2.1 Total addressable market (TAM), 2024-2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Technology & innovation landscape
3.4 Patent analysis
3.5 Key news and initiatives
3.6 Regulatory landscape
3.7 Impact forces
3.7.1 Growth drivers
3.7.1.1 Increased demand in automotive industry
3.7.1.2 Expansion of industrial automation
3.7.1.3 Proliferation of consumer electronics
3.7.1.4 Advancements in healthcare technology
3.7.1.5 Growth in aerospace & defense applications
3.7.2 Industry pitfalls & challenges
3.7.2.1 High initial costs
3.7.2.2 Performance challenges in harsh environments
3.8 Growth potential analysis
3.9 Porter’s analysis
3.9.1 Supplier power
3.9.2 Buyer power
3.9.3 Threat of new entrants
3.9.4 Threat of substitutes
3.9.5 Industry rivalry
3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type, 2021 - 2032 (USD Million & Units)
5.1 Key trends
5.2 Inductive proximity sensors
5.3 Capacitive proximity sensors
5.4 Magnetic proximity sensors
5.5 Photoelectric proximity sensors
5.6 Ultrasonic proximity sensors
5.7 Laser proximity sensors
5.8 Radar-Based proximity sensors
5.9 Optical proximity sensors
5.10 Others
Chapter 6 Market Estimates & Forecast, By Technology, 2021 - 2032 (USD Million & Units)
6.1 Key trends
6.2 Active proximity sensors
6.3 Passive proximity sensors
Chapter 7 Market Estimates & Forecast, By Sensing Range, 2021 - 2032 (USD Million & Units)
7.1 Key trends
7.2 Short range (Up to 10 mm)
7.3 Medium range (10 mm to 50 mm)
7.4 Long range (Above 50 mm)
Chapter 8 Market Estimates & Forecast, By Application, 2021 - 2032 (USD Million & Units)
8.1 Key trends
8.2 Distance measurement
8.3 Object detection
8.4 Speed measurement
8.5 Level sensing
8.6 Presence detection
8.7 Position sensing
8.8 Other
Chapter 9 Market Estimates & Forecast, By Output Type, 2021 - 2032 (USD Million & Units)
9.1 Key trends
9.2 Analog output
9.3 Digital output
9.4 Discrete output
9.5 Linear output
9.6 Others
Chapter 10 Market Estimates & Forecast, By End-Use, 2021 - 2032 (USD Million & Units)
10.1 Key trends
10.2 Automotive
10.3 Consumer electronics
10.4 Industrial manufacturing
10.5 Healthcare
10.6 Food and beverage
10.7 Aerospace & defense
10.8 Others
Chapter 11 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Million & Units)
11.1 Key trends
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 ANZ
11.4.6 Rest of Asia Pacific
11.5 Latin America
11.5.1 Brazil
11.5.2 Mexico
11.5.3 Rest of Latin America
11.6 MEA
11.6.1 UAE
11.6.2 Saudi Arabia
11.6.3 South Africa
11.6.4 Rest of MEA
Chapter 12 Company Profiles
12.1 Honeywell International Inc.
12.2 Omron Corporation
12.3 Panasonic Corporation
12.4 Rockwell Automation, Inc.
12.5 Schneider Electric SE
12.6 Siemens AG
12.7 Texas Instruments Inc.
12.8 Balluff GmbH
12.9 Pepperl+Fuchs
12.10 Turck GmbH & Co. KG
12.11 Keyence Corporation
12.12 Eaton Corporation
12.13 Festo AG & Co. KG
12.14 Baumer Group
12.15 IFM Electronic GmbH
12.16 STMicroelectronics
12.17 Autonics Corporation
12.18 Banner Engineering Corp.
12.19 Micro-Epsilon
12.20 Wenglor Sensoric GmbH
12.21 Contrinex AG
12.22 Sensata Technologies
12.23 Leuze Electronic GmbH + Co. KG
12.24 OmniVision Technologies, Inc.

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