Wilmington, Delaware, United States, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global position and proximity sensors market was projected to attain US$ 2.7 billion in 2022. It is anticipated to garner a 4.6% CAGR from 2022 to 2031. By 2031, the market is likely to attain US$ 3 billion by 2031.
Position and proximity sensors are electrical devices equipped with sensors that can detect the location and presence of things remotely. These sensors are widely used in robotics, automation, and industrial control. They are intended to detect the location or displacement of an item around a reference point.
Linear motion sensors monitor linear or angular displacement and produce information about the object's direction and speed. These sensors can also detect the existence of things at a distance utilizing techniques such as infrared, ultrasonic, capacitive, and magnetic fields.
Click to Request Sample Report PDF and Drive Impactful Decisions: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=40244
Sensors commonly employ automated systems to detect items, track movement, or activate alarms or security systems. Position and proximity sensors provide accurate and reliable information about the position and presence of items.
Global Position and Proximity Sensors Market: Key Players
Prominent companies are concentrating on many critical business approaches, including collaborations, mergers and acquisitions, new product developments, and joint ventures, in order to expand their holdings and get a larger market share for proximity sensors in various areas. The following companies are well-known participants in the global position and proximity sensors market:
- AMS AG
- Allegro Microsystems LLC
- Honeywell International Inc.
- Infineon Technologies AG
- MTS Systems Corporation
- Panasonic Corporation
- Qualcomm Technologies Inc.
- Renishaw PLC
- STMicroelectronics N.V.
- TE Connectivity Ltd.
- Vishay Intertechnology Inc.
Key Findings of the Market Report
- Position and proximity sensors may detect objects or signals without making physical contact with the thing being detected. Displacement position and proximity sensors come in a variety of forms and sizes, depending on their use.
- Consumer preferences for driverless vehicles are gradually shifting as understanding of monitoring and safety measures increases.
- Position and proximity sensors are widely used in automotive components like front assist, uncommon view assist, and side assist monitoring systems.
Market Trends for Position and Proximity Sensors
- Ambient Light Sensors (ALSs) and proximity sensors are electronic devices used in a variety of applications to identify and quantify the quantity of ambient light in a given area, as well as to detect the presence or absence of adjacent objects or people.
- The usage of ambient light and proximity sensors has several benefits, including improved user experience, higher energy economy, and more convenience. These sensors allow customers to alter the illumination intensity of gadgets without making physical touch, resulting in improved visibility and lower power usage.
- Various manufacturers are delivering innovative goods to increase their market position and revenue from proximity sensors. STMicroelectronics, a worldwide semiconductor pioneer serving clients in a wide range of electronics applications, provides a revolutionary full-color ALS. This sensor allows cellphones to capture better images.
Global Market for Position and Proximity Sensors: Regional Outlook
- Asia Pacific had the greatest market share in 2022. The presence of major companies fuels the regional market dynamics. Companies in the position and proximity sensors business are creating products with features like GPS, cameras, and displays for use in smartphones and smart home devices to detect motion and location.
- Smartphone manufacturers in Asia Pacific are introducing new devices, pushing the position and proximity sensors market data. Elliptic Labs released INNER BEAUTY, an AI Virtual Proximity Sensor, in September 2020. This is a key feature of the Xiaomi Redmi K30 smartphone models, which are the first in the Redmi series to include Elliptic Labs technology. INNER BEAUTY is a game-changing AI Virtual Proximity Sensor that allows OEMs to create phones with a clean, full-screen design.
Customize this report according to your needs@ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=40244
Key developments by the players in this market are:
- In 2022, STMicroelectronics introduced the VL53L3CX, a ToF range sensor with multi-target detection. The VL53L3CX has a high-performance proximity and range sensor, multi-target distance measurements, and automated smudge correction. The small reflowable package has a Single Photon Avalanche Diode (SPAD) array and physical infrared filters to achieve the best-ranging performance in a variety of ambient illumination situations, with a wide range of cover glass windows.
- In November 2020, Rockwell Automation purchased Fiix Inc., a cloud software firm that provides cutting-edge maintenance solutions. With the inclusion of the Fiix platform and expertise, clients can expect to benefit from a 360-degree view of integrated data across automation, production, and maintenance, allowing them to monitor and enhance asset performance and optimize maintenance labor.
Global Position and Proximity Sensors Market Segmentation
Product Type
- Linear Voltage Differential Transformers
- Magnetostrictive Linear Position Sensors
- Capacitive Linear Position Sensors
- Eddy Current Linear Position Sensors
- Fiber-optic Linear Position Sensors
- Ultrasonic Linear Position and Proximity Sensors
- Magnetic Proximity Sensors
- Capacitive Proximity Sensors
- Others
Contact Type
- Contact Sensors
- Non-contact Sensors
Application
- Machine Tools
- Test Equipment
- Motion Systems
- Material Handling
- Robotics
- Others
End-Use Vertical
- Industrial
- Automotive
- Aerospace & Defense
- Healthcare
- Security
- Transport
- Consumer & Home Appliances
- IT Infrastructure
- Energy & Utility
- Others
Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Get Exclusive Discount on Position and Proximity Sensors Market at: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=40244
Have a Look at Related Research Reports of Electronics and Semiconductors Domain:
Photodiode Sensors Market - The global photodiode sensors market was estimated to be worth US$ 566.5 million in 2022, according to TMR. The market is expected to grow at a CAGR of 7.1% by 2031.
Mobile Biometrics Market - According to a report by TMR, the mobile biometrics industry was valued at US$ 44.2 Bn in 2021 and is estimated to advance at a CAGR of 20.1% during the forecast period from 2022 to 2031.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
