The future of the global proximity sensor market looks promising with opportunities in the aerospace & defense, automotive, industrial, consumer electronics, and food & beverage markets. The global proximity sensor market is expected to reach an estimated $6.3 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are growing inclination towards factory automation processes, rising R&D activities for technologically advanced products, and continual evolution of the tablet and smartphone industry.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the proximity sensor market
by technology (inductive, capacitive, photoelectric, and magnetic), end use
(aerospace & defense, automotive, industrial, consumer electronics, food
& beverage, and others), and region (North America, Europe, Asia Pacific,
and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market,
inductive, capacitive, photoelectric, and magnetic are the major segments of
proximity sensor market by technology. Lucintel forecasts that magnetic is
expected to witness the highest growth over the forecast period because it is
utilized for permanent magnet detection, as well as, these sensors can detect
the presence of magnets through walls made of non-ferrous metal, stainless
steel, aluminum, plastic, or wood since magnetic fields can pass through all
non-magnetizable materials.Within this market, automotive will remain the
largest segment due to growing usage in infotainment system, keyless entry
system, 3D gesture, and interior lighting control.
North America will
remain the largest region over the forecast period due to the region's
well-established automobile industry and growing use of vibration sensors.
Panasonic, ST Microelectronics,
Autonics, Omron, Sick, Riko Optoelectronics Technology, Datalogic, Rockwell
Automation, Honeywell International, and Pepperl+Fuchs are the major suppliers
in the proximity sensor market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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