Jersey City, New Jersey, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Verified Market Research recently published a report, “Proximity Sensors Market” By Technology (Inductive, Capacitive, Photoelectric, and Magnetic), By End-Users (Aerospace and Defense, Automotive, Industrial, Consumer Electronics, Food and Beverage, and Other End-user Industries), By Geography. According to Verified Market Research, the Global Proximity Sensors Market was valued at USD 3.68 Billion in 2020 and is projected to reach USD 6.41 Billion by 2028, growing at a CAGR of 7.18 % from 2021 to 2028.
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Browse in-depth TOC on “Proximity Sensors Market”
202 - Pages
126 – Tables
37 – Figures
Global Proximity Sensors Market Overview
The global proximity sensor market is principally driven by the rising demand for proximity sensors in consumer products such as smartphones, laptops, and smart home devices such as smartphones, laptops, and smart home devices. They also have a high switching rate and accuracy. These unique properties are also anticipated to increase demand for proximity sensors and are supposed to drive the growth of the target market in the various industrial sector such as aviation and defense, food and beverages, etc. Moreover, the technical complexity can be decreased to an extent with the implementation of non-contact sensing technology. This is also the principal reason for the growing demand for sensing components, like a proximity sensor. Besides, growing R&D activities for technologically advanced products are also anticipated to bolster the growth of the target market during the forecast period.
The major players in the market are Panasonic Corporation, ST Microelectronics NV, Autonics Corporation, OMRON Corporation, SICK AG, Riko Optoelectronics Technology Co. Ltd, Datalogic SpA, Rockwell Automation Inc., Honeywell International Inc., and Pepperl+Fuchs GmbH.
Verified Market Research has segmented the Global Proximity Sensors Market On the basis of Technology, End-Users, and Geography.
- Proximity Sensors Market by Technology
- Inductive
- Capacitive
- Photoelectric
- Magnetic
- Proximity Sensors Market by End-Users
- Aerospace and Defense
- Automotive
- Industrial
- Consumer Electronics
- Food and Beverage
- Other End-user Industries
- Proximity Sensors Market by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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