Proximity Sensor Market by Technology (Inductive, Capacitive, Magnetic, Photoelectric/Optical, Ultrasonic), Product Type (Fixed distance, Adjustable distance), Range, Output, End-user Industry and Region - Global Forecast to 2030
The proximity sensor market was valued at USD 4.3 billion in 2024 and is likely to reach USD 6.6 billion by 2030 at a CAGR of 7.5% during the forecast period. Crucial drivers for the proximity sensor market are: the application of proximity sensors in smart logistics and supply chain management systems, increasing infection control measures within the healthcare sector, and growing emphasis on smart infrastructure and building automation. One of the major applications of proximity sensors in Industry 4.0 is predictive maintenance and machine monitoring. In this regard, inductive proximity sensors measure distance variation between a shaft and its support bearing, which constitutes vital information needed for vibration monitoring of machines.
Especially in the rapid development of IoT and smart technologies in the industrial sector, wireless proximity sensors play a significant role in connecting the industrial environment. Besides, smart home security has proximity sensors as an integral element in ensuring protection for a house from any unauthorized access and, at the same time, providing peace of mind to the homeowner. These sensors detect movement or presence in designated areas, consequently setting off alarms, switching on surveillance cameras, or sending warnings directly to the house owner or security systems. Furthermore, increasing usage of proximity sensors in smart devices and consumer electronics is further expected to propel the proximity sensor market.
Attractive Opportunities in the Proximity Sensor Market
Market Dynamics:
Drivers:
Growing integration of proximity sensors in smart devices and consumer electronics
The growing integration of proximity sensors in smart devices and consumer electronics will likely powerfully drive demand in the proximity sensor market. They are used in cases for detecting an object or a user next to the device, powering features like auto screen dimming during calls, gesture recognition for navigation, and even ambient display modes that help users with device pick-up display notifications. Such proximity sensors use infrared light, ultrasound, or capacitive sensing technologies to provide non-contact and very accurate proximity detection. These capabilities help make the devices energy-efficient while enhancing user interaction through smooth transitions between active and standby modes. Apple has non-contact proximity sensors installed to track when the device is on call and against a person's ear, which turns off the display to preserve the battery life or prevent accidental screen touches.
Restraint:
Limitations in Sensing Capabilities
Issues associated with fixed detection ranges in proximity sensors are broad in varied industries. Manufacturing and industrial automation often have these sensors where a change in the distance between different objects positioned around assembly lines or robotic arms may be unable to adapt to it and, hence, lead to operational inefficiency or result in an inaccurate determination of an object's presence.Size and placement variations of the objects being scrutinized may equally be noted during logistics and material handling. For this reason, the fixed-range sensors cannot be relied upon in detecting those objects within their narrow scope of operation. Apart from that, environmental interference caused by moisture, dust, and temperature extremes may impact the performance of outdoor sensors, shrinking their effective range and often reducing the reliability in vehicle detection and perimeter security systems. Such limitations therefore underline the demand for flexible sensor solutions able to cope with and overcome dynamic environmental conditions and provide trustworthy operation in a number of industrial and commercial applications.
Opportunities:
Miniaturization of sensors and the development of innovative materials
Advancements in sensor technology, with special mention of miniaturization of sensors and the development of novel materials, have opened up substantial growth opportunities in proximity sensors. Industrial evolution in automotive, consumer electronics, and healthcare has later extended to industrial automation and beyond. Here is a discussion about how these developments are fueling the growth of the proximity sensors market. There is a growing trend towards the miniaturization of technology—smaller, lighter, and even more power-efficient while the performance remains the same or keeps improving. Miniaturization will allow the sensor to be fitted into compact devices and systems with limited space—such as smartphones, wearables, IoT devices, and other medical implants. Very small sensors add aesthetic value to consumer electronics and enable new applications in healthcare monitoring, automotive safety systems, and industrial automation. In miniaturized form, proximity sensors could be mounted into the door handles or bumpers for vehicle applications in keyless entry systems and parking assistant features.
Challenge:
Competition from Alternative Sensing Technologies
Alternative sensing technologies extensively compete with the proximity sensor market and influence growth and adoption rates across several industries.
Another proximity sensor type uses sound waves for detection and is known as an ultrasonic sensors. Since the application that needs long-range detection does not affect the surface color or material property, an ultrasonic sensor will work well in many scenarios, such as for parking assistance in an automotive setting. The ability to detect beyond line-of-sight and in bad weather gives them an edge over conventional proximity sensors in outdoor and industrial applications, where reliability under differing conditions is essential. The other competing technology is infrared sensors, which detect objects by sensing the heat emitted or reflected off-targets. IR sensors find broad applications in consumer electronics for proximity detection in devices such as smartphones and automatic faucets. They measure distance precisely, thus efficiently recognizing different objects with temperature differences, and are therefore quite apt for applications requiring accurate object detection and differentiation.
Proximity Sensor Ecosystem
Source: MarketsandMarkets Analysis
“Inductive proximity sensor to hold the largest market share in the Technology segment in the proximity sensor market during the forecast period.”
Inductive sensors are used for safety applications, such as detecting metallic objects in hazardous areas, preventing accidents, and ensuring the safety of the workers. The major companies offering inductive proximity sensors are OMRON Corporation, KEYENCE CORPORATION, Panasonic Corporation, SICK AG, Rockwell Automation, Balluff Automation India Pvt. Ltd., and Pepperl+Fuchs SE. Increasing industrial automation demands fuel demand for inductive proximity sensors. IFR has announced that according to the latest World Robotics report, 553,052 new industrial robots were installed in factories worldwide.
“Fixed Distance segment to hold the largest market share in the Product Type segment in the proximity sensor market during the forecast period.”
”Fixed Distance segment to hold the largest market share in the Product Type segment in the proximity sensor market during the forecast period."
Smaller and more sensitive sensors can be integrated into compact and complex systems, expanding their range of applications, particularly in consumer electronics where space is limited. For example, proximity sensors in smartphones turn off the display when one holds the phone at the ear during a call. The consumer electronics market is increasing. According to the India Brand Equity Foundation, India's smartphone market is likely to reach USD 90 billion by 2032, driven by a booming economy and changing demographics that may drive up demand for proximity sensors.
“<10 mm segment to hold the largest market share in the Range segment in the proximity sensor market during the forecast period.”
"The <10 mm segment will hold the largest market share in the Range segment of the proximity sensor market during the forecast period."
This means that proximity sensors are intrinsic parts of modern automotive systems; however, significant applications include keyless entry and interior object detection. Companies like Tesla, BMW, and Mercedes-Benz apply the sensors, giving way to auto-unlocking and engine start in the presence of a critical fob sensed at a close range. For example, Tesla has used capacitive proximity sensors in the Model S for keyless entry and ignition to maximize convenience and safety. Equally, thanks to the capacitive proximity sensors in use, BMW's Comfort Access system helps users to unlock and fire up their vehicle without removing the key fob from their pocket or purse. The addition of sophisticated features impels the automotive proximity sensors market, as these sensors are highly required to improve vehicle functionality and user experience.
“Analog segment to hold the largest market share in the Output segment in the proximity sensor market during the forecast period.”
Analog devices have better resolution and sensitivity, enabling them to detect minimal changes in proximity; this is an essential feature for high-accuracy applications. The demand for analog proximity sensors is highly driven by the rapidly increasing adoption of automation technologies by different industrial sectors. Since industries keep automating their productions in order to maximize efficiency and save on labor costs, the accuracy and full-time monitoring associated with these devices have become crucial. For instance, on automobile production lines, analog proximity sensors are applied in many areas, such as accurately measuring metal sheet thickness and detecting the accurate position of parts that compose the car part. This significantly improves production efficiency and product quality.
“Automotive in the end-use industry to hold the highest market share of the proximity sensor market during the forecast period.”
Proximity sensors on today's automobiles feature ultrasonic and electromagnetic designs. Ultrasonic sensors are the kinds of electronic devices that emit high-frequency sound waves to detect obstacles by measuring the echo times of sound waves reflected from objects around, much like bats in their navigation mechanism of sonar. Electromagnetic sensors create a field around the bumper and detect if an object enters this created field. Both facilitate warnings for the driver of any obstacle in proximity, usually through beeps or flashing digital displays. These sensors find broad applications in parking assistance and burglar alarms, either factory-integrated or aftermarket additions, which raise vehicle safety and comfort of operation.
“The proximity sensor market in the Asia Pacific is estimated to grow at a higher CAGR during the forecast period.”
The Asia Pacific region will likely register the largest CAGR in the proximity sensor market from 2024 to 2030. Proximity sensors are in demand in China because of the aggressive adoption of Industry 4.0, which has broken all conventional boundaries of automation and control principles in process and manufacturing industries. The "China Manufacturing 2025" initiative espouses China's commitment to changing its manufacturing sector into a global leader that is powerfully innovative and efficient. This campaign aims to integrate advanced technologies, including proximity sensors, into manufacturing processes to achieve productivity and precision. Research and development programs are being conducted by critical institutions, such as the Chinese Academy of Science and Applied Institutes of
The market is also further backed up by industrial ministries, where continuous innovation and improvement of sensor technology are pursued. These developments serve the goal of maintaining and increasing the competitiveness of Chinese industries on a global scale.
Source: MarketsandMarkets Analysis
Key Market Players
Major vendors in the proximity sensor market include OMRON Corporation (Japan), KEYENCE CORPORATION (Japan), Panasonic Corporation (Japan), SICK AG (Germany), STMicroelectronics (Switzerland), Rockwell Automation (US), Delta Electronics, Inc. (Taiwan), Honeywell International Inc. (US), Broadcom (US), Schneider Electric (France), ZF Friedrichshafen AG (Germany), Balluff Automation India Pvt. Ltd. (India), Pepperl+Fuchs SE (Germany), Baumer (Switzerland), Banner Engineering Corp. (US), among others.
Apart from this, Autonics Corporation (South Korea), ifm electronic gmbh (Germany), Leuze electronic Pvt. Ltd. (Germany), Hans Turck GmbH & Co. KG (Germany), Fargo Controls Inc. (New Jersey), TMSS France (France), Migration Corp. ( Australia), Infinite Electronics International, Inc. (US), Senstronic (France), HTMSensors (US), are among a few emerging companies in the proximity sensor market.
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Report Metric |
Details |
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Market size available for years |
2020-2030 |
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Base year considered |
2023 |
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Forecast period |
2024-2030 |
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Forecast units |
Value (USD Million/Billion) |
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Segments Covered |
Technology, Product Type, Range, Output, End-Use Industry, and Region |
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Geographies covered |
North America, Europe, Asia Pacific, and Rest of the world (RoW) |
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Companies covered |
The major players include OMRON Corporation (Japan), KEYENCE CORPORATION (Japan), Panasonic Corporation (Japan), SICK AG (Germany), STMicroelectronics (Switzerland), Rockwell Automation (US), Delta Electronics, Inc. (Taiwan), Honeywell International Inc. (US), Broadcom (US), Schneider Electric (France), ZF Friedrichshafen AG (Germany), Balluff Automation India Pvt. Ltd. (India), Pepperl+Fuchs SE (Germany), Baumer (Switzerland), Banner Engineering Corp. (US) and Others- total 25 players have been covered. |
Proximity Sensor Market Highlights
The study categorizes the proximity sensor market based on the following segments:
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Segment |
Subsegment |
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By Technology |
• Inductive • Capacitive • Magnetic • Photoelectric/Optical • Ultrasonic • Others |
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By Product |
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By End Use Industry |
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By Range |
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By Industry |
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By Region |
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Recent Developments
- In December 2020, STMicroelectronics launched the VL5313CX, a JoF sensor with a range of 2.5 cm to 3 m, using its patented statistical algorithm for higher accuracy. It identifies multiple targets immune to color, with smudge compensation and enhanced performance under ambient light, which raises all kinds of applications to a new level, from occupancy detection to industrial equipment.
- In December 2023, Mouser Electronics and Panasonic Corporation signed a distribution agreement. Mouser Electronics distributes high-tech sensors, controllers, and servo motors from Panasonic to versatile automation industries. Those items include EX-10 Photoelectric Sensors, PM U-shaped micro sensors, and FPOR Programmable Controllers, which are mentioned as innovations and uses against industries like automotive and semiconductors. Those technologies have been put in proximity sensors, significantly increasing detection accuracy and automated systems' reliability.
Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for This Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Source
2.2 Demand-Side Analysis of the Market
2.2.1 Introduction
2.2.2 Increasing Usage of Proximity Sensors in Smartphones
2.2.3 Growing Demand for Proximity Sensors in Automobiles
2.2.4 Growing Demand for Proximity Sensors in Automation
2.3 Market Size Estimation
2.4 Market Breakdown and Data Traingulation
2.5 Market Share Estimation
2.5.1 Key Industry Insights
2.5.2 Report Assumptions
3 Executive Summary (Page No. - 28)
4 Premium Insights (Page No. - 31)
4.1 Attractive Market Opportunities in the Global Market
4.2 Market, By Technology
4.3 Regional and Technology Snapshot of the Market
4.4 U.S. Would Account for the Largest Share of the Market Globally (2015)
4.5 Market, By Industry
4.6 Market Share: Largest Market vs Fastest-Growing Market
5 Market Overview (Page No. - 36)
5.1 Introduction
5.2 Evolution
5.3 Market Segmentation
5.3.1 Proximity Sensor Market, By Product
5.3.2 Market, By Sensing Range
5.3.3 Market, By Technology
5.3.4 Market, By Application
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Increase in the Demand for Industrial Automation
5.4.1.2 Non-Contact Sensing Technology
5.4.1.3 High Accuracy, Increased Repeatability, and Small Part Detection
5.4.2 Restraints
5.4.2.1 Limitations in Sensing Capabilities
5.4.2.2 Low-Cost Sensors Increasing Threat to Scale Down Quality
5.4.3 Opportunities
5.4.3.1 Adoption of Proximity Sensors in Automobile
5.4.3.2 Large Area Proximity Sensing
5.4.4 Challenges
5.4.4.1 Demand for Smaller Sensors Leading to Size and Weight Reduction Being Placed on Components and Equipment.
5.4.5 Winning Imperatives
5.4.5.1 Sensing in Hazardous Environment
6 Industry Trends (Page No. - 46)
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Key Influencers
6.3 Porter’s Five Forces Analysis for Proximity Sensor
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Power of Buyers
6.3.3 Threat of Substitutes
6.3.4 Threat of New Entrants
6.3.5 Competitive Rivalry
6.4 Strategic Benchmarking
6.4.1 New Prodiuct Development Was the Major Strategy Adopted By the Key Players
7 Market, By Product (Page No. - 55)
7.1 Introduction
7.2 Fixed Distance
7.3 Adjustable Distance
8 Market, By Sensing Range (Page No. - 61)
8.1 Introduction
8.2 0 MM–20 MM Sensing Range
8.3 20 MM–40 MM Sensing Range
8.4 Greater Than 40 MM Sensing Range
9 Market, By Technology (Page No. - 70)
9.1 Introduction
9.2 Inductive
9.3 Capacitive
9.3.1 Load Mode
9.3.2 Transmit Mode
9.3.3 Shunt Mode
9.4 Magnetic
9.4.1 Variable Reluctance
9.4.2 Magneto-Resistive
9.5 Photoelectric
9.5.1 Through Beam
9.5.2 Retro-Reflective
9.5.3 Diffuse
9.5.4 Fiber Optic
9.6 Ultrasonic
9.6.1 Through Beam
9.6.2 Retro-Reflective
9.6.3 Diffuse
9.7 Others
10 Market, By Application (Page No. - 87)
10.1 Introduction
10.2 Aerospace & Defense
10.3 Automotive
10.4 Building Automation
10.5 Consumer Electronics
10.6 Food & Beverage
10.7 Industrial Manufacturing
10.8 Pharmaceutical
10.9 Others
11 Geohraphic Analysis (Page No. - 106)
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 Rest of the World
12 Competitive Landscape (Page No. - 118)
12.1 Overview
12.2 Key Players of the Market
12.3 Competitive Situations and Trends
12.4 New Product Launch
12.5 Expansion
12.6 Acquisition
12.7 Joint Venture
13 Company Profiles (Page No. - 124)
(Overview, Products and Services, Financials, Strategy & Development)*
13.1 Introduction
13.2 Pepperl + Fuchs GmbH
13.3 Sick AG
13.4 Omron Corporation
13.5 IFM Electronic GmbH
13.6 Schneider Electric Se
13.7 Panasonic Corporation
13.8 Rockwell Automation, Inc.
13.9 Honeywell International Inc.
13.10 Avago Technologies Inc.
13.11 Hans Turck GmbH & Co., Kg.
13.12 Balluff GmbH
13.13 Fargo Controls Inc.
*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies
14 Appendix (Page No. - 160)
14.1 Insights From Industry Experts
14.2 Discussion Guide
14.3 Introducing RT: Real-Time Market Intelligence
14.4 Available Customization
14.5 Related Reports
List of Tables (68 Tables)
Table 1 Proximity Sensor Market, By Product, 2013–2020 (USD Million)
Table 2 Fixed Distance Market, By Technology, 2013–2020 (USD Million)
Table 3 Adjustable Distance Market, By Technology, 2013–2020 (USD Million)
Table 4 Market, By Sensing Range, 2013–2020 (USD Million)
Table 5 Market for Proximity Sensors With A Sensing Range of 0 MM—20 MM, By Technology, 2013–2020 (USD Million)
Table 6 Market for Proximity Sensors With A Sensing Range of 0 MM–20 MM, By Application, 2013–2020 (USD Million)
Table 7 Market for Proximity Sensors With A Sensing Range of 20 MM–40 MM, By Technology, 2013–2020 (USD Million)
Table 8 Market for Proximity Sensors With A Sensing Range of 20 MM–40 MM, By Application, 2013–2020 (USD Million)
Table 9 Market for Proximity Sensors With A Sensing Range of Greater Than 40 MM, By Technology, 2013–2020 (USD Million)
Table 10 Market for Proximity Sensors With A Sensing Range of Greater Than 40 MM, By Application, 2013–2020 (USD Million)
Table 11 Market, By Technology, 2013–2020 (USD Million)
Table 12 Inductive Proximity Sensor Market, By Product, 2013–2020 (USD Million)
Table 13 Inductive Market, By Sensing Range, 2013–2020 (USD Million)
Table 14 Inductive Market, By Application, 2013–2020 (USD Million)
Table 15 Capacitive Market, By Product, 2013–2020 (USD Million)
Table 16 Capacitive Market, By Sensing Range, 2013–2020 (USD Million)
Table 17 Capacitive Market, By Application, 2013–2020 (USD Million)
Table 18 Magnetic Proximiy Sensor Market, By Product, 2013–2020 (USD Million)
Table 19 Magnetic Proximiy Sensor Market, By Sensing Range, 2013–2020 (USD Million)
Table 20 Magnetic Market, By Application, 2013–2020 (USD Million)
Table 21 Photoelectric Proximity Sensor Market, By Product, 2013–2020 (USD Million)
Table 22 Photoelectric Market, By Sensing Range, 2013–2020 (USD Million)
Table 23 Photoelectric Market, By Application, 2013–2020 (USD Million)
Table 24 Ultrasonic Market, By Product, 2013–2020 (USD Million)
Table 25 Ultrasonic Market, By Sensing Range, 2013–2020 (USD Million)
Table 26 Ultrasonic Market, By Application, 2013–2020 (USD Million)
Table 27 Market for Other Technologies, By Product, 2013–2020 (USD Million)
Table 28 Market for Other Technologies, By Sensing Range, 2013–2020 (USD Million)
Table 29 Market for Other Technologies, By Application, 2013–2020 (USD Million)
Table 30 Market, By Application, 2013–2020 (USD Million)
Table 31 Market for Aerospace & Defense, By Sensing Range, 2013–2020 (USD Million)
Table 32 Market for Aerospace & Defense, By Technology, 2013–2020 (USD Million)
Table 33 Market for Aerospace & Defense, By Region, 2013–2020 (USD Million)
Table 34 Market for Automotive, By Sensing Range, 2013–2020 (USD Million)
Table 35 Market for Automotive, By Technology, 2013–2020 (USD Million)
Table 36 Market for Automotive, By Region, 2013–2020 (USD Million)
Table 37 Market for Building Automation, By Sensing Range, 2013–2020 (USD Million)
Table 38 Market for Building Automation, By Technology, 2013–2020 (USD Million)
Table 39 Market for Building Automation, By Region, 2013–2020 (USD Million)
Table 40 Market for Consumer Electronics, By Sensing Range, 2013–2020 (USD Million)
Table 41 Market for Consumer Electronics, By Technology, 2013–2020 (USD Million)
Table 42 Market for Consumer Electronics, By Region, 2013–2020 (USD Million)
Table 43 Market for Food & Beverage, By Sensing Range, 2013–2020 (USD Million)
Table 44 Market for Food & Beverage, By Technology, 2013–2020 (USD Million)
Table 45 Market for Food & Beverage, By Region, 2013–2020 (USD Million)
Table 46 Market for Industrial Manufacturing, By Sensing Range, 2013–2020 (USD Million)
Table 47 Market for Industrial Manufacturing, By Technology, 2013–2020 (USD Million)
Table 48 Market Fot Industrial Manufacturing, By Region, 2013–2020 (USD Million)
Table 49 Market for Pharmaceutical, By Sensing Range, 2013–2020 (USD Million)
Table 50 Market for Pharmaceutical, By Technology, 2013–2020 (USD Million)
Table 51 Market for Pharmaceutical, By Region, 2013–2020 (USD Million)
Table 52 Market for Other Applications, By Sensing Range, 2013–2020 (USD Million)
Table 53 Market for Other Applications, By Technology, 2013–2020 (USD Million)
Table 54 Market for Other Applications, By Region, 2013–2020 (USD Million)
Table 55 Market, By Region, 2013–2020 (USD Million)
Table 56 North America: Market, By Country, 2013–2020 (USD Million)
Table 57 North America: Market, By Application, 2013–2020 (USD Million)
Table 58 Europe: Market, By Country, 2013–2020 (USD Million)
Table 59 Europe: Market, By Application, 2013–2020 (USD Million)
Table 60 Asia-Pacific: Market, By Country, 2013–2020 (USD Million)
Table 61 Asia-Pacific: Market, By Application, 2013–2020 (USD Million)
Table 62 Rest of the World: Market, By Country, 2013–2020 (USD Million)
Table 63 Rest of the World: Market, By Application, 2013–2020 (USD Million)
Table 64 Key Players Rank (2014)
Table 65 New Product Launch, 2012–2015
Table 66 Expansion, 2012–2015
Table 67 Acquisition, 2012–2015
Table 68 Joint Venture, 2012–2015
List of Figures (79 Figures)
Figure 1 Proximity Sensor Market
Figure 2 Global Market: Research Design
Figure 3 Increase in Number of Smartphone Shipments, 2011-2014
Figure 4 Worldwide Automobile Production, 2010–2014
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Breakdown of Primary Interviews
Figure 8 Market Breakdown and Data Triangulation
Figure 9 Flow of Report Writing
Figure 10 Market Snapshot (2015 vs 2020): Industrial Manufacturing Expected to Dominate the Market in 2015
Figure 11 Global Market, By Technology, 2015
Figure 12 Global Market, By Geography, 2014
Figure 13 The Market is Expected to Grow at A High CAGR Between 2015 and 2020
Figure 14 Capacitive and Inductive Technologies Would Lead the Market in Terms of Value Between 2015 and 2020
Figure 15 Europe & North America Would Be the Major Markets in 2015
Figure 16 U.S. Expected to Have Lion’s Share in the Market in 2015
Figure 17 Industrial Manufacturing Expected to Dominate the Market Between 2015 and 2020
Figure 18 U.S. Would Be the Largest Shareholder, While India Would Be the Fastest-Growing Country for the Market
Figure 19 Evolution of Market
Figure 20 Market Segmentation
Figure 21 Market, By Product
Figure 22 Market, By Sensing Range
Figure 23 Market, By Technology
Figure 24 Market, By Application
Figure 25 Increase in Demand for Industrial Automation Expected to Boost the Market
Figure 26 Value Chain Analysis (2014) of the Market
Figure 27 Porter’s Five Forces Analysis for the Market
Figure 28 Porter’s Five Forces Analysis for the Market
Figure 29 Bargaining Power of Suppliers in the Market
Figure 30 Bargaining Power of Buyers in the Market
Figure 31 Threat of Substitutes in the Market
Figure 32 Threat of New Entrants in the Market
Figure 33 Competitive Rivalry in the Market
Figure 34 Recent Developments in the Market
Figure 35 Proximity Sensor Segmentation, By Type
Figure 36 Fixed Distance Proximity Sensors Would Domintae the Market in 2015, But Adjustable Distance Market Expected to Grow at A Higher Rate Between 2015 and 2020
Figure 37 Capacitive Proximity Sensor Segment Expected to Dominate the Fixed Distance Market in 2015
Figure 38 The Adjustable Distance Market for Ultrasonic Technology Would Grow at the Highest CAGR During the Forecast Period
Figure 39 Proximity Sensor Segmentation, By Sensing Range
Figure 40 The Market for Proximity Sensors With Sensing Range of Greater Than 40 MM Would Grow at the Highest CAGR During the Forecast Period
Figure 41 Capacitive Proximity Sensor Would Dominate the Market for Sensing Range of 0 MM–20 MM in 2015
Figure 42 Market for the Automotive Industry Expected to Grow at the Highest CAGR Between 2015 and 2020
Figure 43 Proximity Sensors With Photoelectric Technology and A Sensing Range of Greater Than 40 MM Expected to Dominate the Market By 2020
Figure 44 Proximity Sensor Segmentation, By Technology
Figure 45 Ultrasonic Market Expected to Grow at the Highest CAGR Between 2015 and 2020
Figure 46 Market for Inductive Proximity Sensors With A Sensing Range of Greater Than 40 MM Expected to Grow at the Highest CAGR Between 2015 and 2020
Figure 47 Fixed Distance Capacitive Sensors are Expected to Dominate the Market in Terms of Value Between 2015 and 2020
Figure 48 Automotive and Consumer Electronic, in Terms of Value,Would Account for the Largest Share of Market (2015–2020)
Figure 49 Market for Magnetic Proximity Sensors With A Sensing Range of Greater Than 40 MM Expected to Grow at the Highest CAGR During the Forecast Period
Figure 50 Automotive Expected to Dominate the Photoelectric Market By 2020
Figure 51 Automotive Industry Expected to Dominate the Ultrasonic Market, in Terms of Value, During the Forecast Period
Figure 52 Proximity Sensors With A Sensing Range of 0 MM to 20 MM Expected to Dominate the Market for Other Technologies By 2020
Figure 53 Proximity Sensor Segmentation, By Application
Figure 54 Market for Building Automation Expected to Grow at the Highest CAGR During the Forecast Period
Figure 55 Inductive Proximity Sensors Expectd to Dominate the Market in Terms of Value Between 2015 and 2020
Figure 56 Proximity Sensors With Greater Than 40 MM Sensing Range Expected to Dominate the Automotive Market Between 2015 and 2020
Figure 57 Europe is Expected to Dominate the Automotive Market Between 2015 and 2020
Figure 58 Capacitive Proximity Sensor is Expected to Be the Leading Technology for Building Automation Between 2015 and 2020
Figure 59 Asia-Pacific Expected to Lead the Consumer Electronics Industry of the Market Between 2015 and 2020
Figure 60 Europe Expected to Lead the Food and Beverage Industry of the Market Between 2015 and 2020
Figure 61 Inductive Proximity Sensor is Expectd to Be the Leading Technology in Industrial Manufacturing Between 2015 and 2020
Figure 62 North America is Expectd to Be the Leading Region for Proximity Sensor in Pharmaceutical Between 2015 and 2020
Figure 63 Proximity Sensor Segmentation, By Geography
Figure 64 Indian Market Expected to Grow at the Highest CAGR (2015–2020)
Figure 65 Asia-Pacific: Attractive Destination for Proximity Sensors
Figure 66 U.S. Expected to Be the Largest Shareholder in the North American Market During the Forecast Period
Figure 67 European Market Snapshot: Germany Would Be the Largest Shareholder in the European Market During the Forecast Period
Figure 68 Asia-Pacific Market Snapshot: Japan Would Be the Largest Shareholder in the Asia-Pacific Market in 2015
Figure 69 Companies Adopted New Product Launch as the Key Growth Strategy Over the Last Four Years (2012–2015)
Figure 70 Market Evaluation Framework
Figure 71 Battle for Market Share: New Product Launches Was the Key Strategy Adopted By Companies Between 2012 and 2015
Figure 72 Proximity Sensor Technologies Offered By Companies
Figure 73 Sick AG: Company Snapshot
Figure 74 Omron Corporation: Company Snapshot
Figure 75 Schneider Electric Se: Company Snapshot
Figure 76 Panasonic Corporation: Company Snapshot
Figure 77 Rockwell Automation: Company Snapshot
Figure 78 Honeywell Interntional Inc.: Company Snapshot
Figure 79 Avago Technologies Inc.: Company Snapshot
The research process for this technical, market-oriented, and commercial study of the proximity sensor market included systematically gathering, recording, and analyzing data about customers and companies operating in the market. It used secondary sources, directories, and databases (Factiva, Oanda, and OneSource) to identify and collect relevant information. In-depth interviews were conducted with various primary respondents, including experts from core and related industries and preferred manufacturers, to obtain and verify critical qualitative and quantitative information and assess the market's growth prospects. Key players in the proximity sensor market were identified through secondary research, and their market rankings were determined through primary and secondary research. This included studying annual reports of top players and interviewing key industry experts, such as CEOs, directors, and marketing executives.
Secondary Research
Various secondary sources were used to identify and collect information for this study during the secondary research process. These include annual reports, press releases, investor presentations of companies, whitepapers, certified publications, and articles from recognized associations and government publishing sources. Research reports from a few consortiums and councils were also consulted to structure qualitative content. Secondary sources included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; Journals and certified publications; articles by recognized authors; gold-standard and silver-standard websites; directories; and databases. Data was also collected from secondary sources, such as the Association for Advancing Automation (A3), the International Trade Centre (ITC) (Switzerland), and the International Electrotechnical Commission (IEC).
Primary Research
Extensive primary research was accomplished after understanding and analyzing the proximity sensor market scenario through secondary research. Several primary interviews were conducted with key opinion leaders from demand- and supply-side vendors across four major regions—North America, Europe, Asia Pacific, and RoW. Approximately 30% of the primary interviews were conducted with the demand side, and 70% with the supply side. Primary data was collected through questionnaires, emails, and telephonic interviews. Various departments within organizations, such as sales, operations, and administration, were contacted to provide a holistic viewpoint in the report.
BREAKDOWN OF PRIMARY PARTICIPANTS
Note: The three tiers of companies are based on their total revenue as of 2020: Tier 1 - equal to or more than USD 1,000 million; Tier 2 - between USD 500 million and USD 1,000 million; and Tier 3 - less than or equal to USD 500 million. Other designations include managers and academicians.
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches were used, along with several data triangulation methods, to estimate and forecast the size of the market and its segments and subsegments listed in the report. Extensive qualitative and quantitative analyses were carried out on the complete market engineering process to list the key information/insights pertaining to the proximity sensor market.
The key players in the market were identified through secondary research, and their rankings in the respective regions were determined through primary and secondary research. This entire procedure involved the study of the annual and financial reports of top players and interviews with industry experts such as chief executive officers, vice presidents, directors, and marketing executives for quantitative and qualitative vital insights. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, supplemented with detailed inputs and analysis from MarketsandMarkets, and presented in this report.
Proximity Sensor Market: Bottom-Up Approach
The bottom-up procedure was employed to arrive at the overall size of the Proximity sensor market from the revenues of the key players and their share in the market. The overall market size was calculated based on the revenues of the key companies identified in the market.
Proximity Sensor Market: Top-Down Approach
In the top-down approach, the overall size of the proximity sensor market was used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits obtained from secondary and primary research. To calculate the size of the specific market segments, the size of the most appropriate parent market was used to implement the top-down approach. The bottom-up approach was also implemented for the data extracted from the secondary research to validate the size of various segments of the proximity sensor market. Each company's share in the market was estimated to verify the revenue shares used earlier in the bottom-up approach. With the data triangulation procedure and data validation through primaries, the sizes of the parent market and individual markets' sizes were determined and confirmed. The data triangulation procedure used for this study has been explained in the next section.
Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the total market was split into several segments and subsegments. Where applicable, data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. The market size was also validated using both top-down and bottom-up approaches.
Market Definition
Proximity sensors are those devices that can detect the presence or absence of objects without physical contact. They emit an electromagnetic field or beam of radiation and can detect changes in the field or the reflected signal. These sensors are used across various industries like aerospace & defense, automotive, manufacturing, consumer electronics, building automation and pharmaceuticals. Proximity sensors are crucial for enhancing safety, efficiency, and accuracy in systems requiring dependable and non-contact detection.
Key Stakeholders
- Proximity sensor manufacturers
- Raw material vendors
- Electronic design automation (EDA) & design tool vendors
- Fabrication, Wafer & foundry process equipment vendors
- Integrated device manufacturers
- Fabless vendors
- Original equipment manufacturers: electronics modules, devices, equipment, instruments, and system manufacturers
Technology investors
- Governments and financial institutions
- Analysts and strategic business planners
- Existing and prospective end users
- Venture capitalists, private equity firms, and startup companies
- Distributors and traders
- Research institutes and organizations
Report Objectives
- To define, describe, segment, and forecast the proximity sensor market size, in terms of value, based on technology, product type, range, output, and end-use industry
- To define, describe, segment, and forecast the proximity sensor market size, in terms of volume, for proximity sensors
- To forecast the market size, in terms of value, across North America, Europe, Asia Pacific, and the Rest of the World (RoW)
- To present detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To provide an ecosystem analysis, case study analysis, patent analysis, technology analysis, ASP analysis, Porter’s Five Forces analysis, and regulations pertaining to the market.
- To offer a comprehensive overview of the value chain of the proximity sensor market ecosystem
- To critically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To assess the opportunities in the market for stakeholders and describe the competitive landscape of the market
- To analyze competitive developments in the market, such as collaborations, agreements, partnerships, product developments, and research and development (R&D)
- To evaluate the impact of the recession on the proximity sensor market
Growth opportunities and latent adjacency in Proximity Sensor Market
We'd like to receive a sample of your report as a base for a buying decision for the whole report. Some of the questions are - Is there an analysis on a country-basis in the geographic part or just on the continent-basis? - Is optic-electronic sensor technology regarded? - Would it be possible to add or company to the report? Can you please send us a sample of the report?