Proximity Sensors Market
Proximity Sensors Market (Technology - Single Capacitive, Magnetic, Infrared (IR), and Force Sensor; Product Type - Fixed Distance and Adjustable Distance; Chip Type - Single Chip (Single Channel and Multi-Channel) and Multi-Chip; Industry Vertical - Aerospace & Defense, Automotive, Building Automation, Consumer Electronics (Smartphones and Tablets), Food & Beverage, Industrial and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Press Release :
Global Proximity Sensors Market: Snapshot
The global proximity sensors market is treading steady growth owing to the wide use of proximity sensors in heavy industries and consumer electronics among others. Proximity sensors are discrete sensors that have the capability to sense and detect when an object is in the vicinity of the sensor face. Proximity sensors can detect metallic objects, non-metallic objects, and fluids among others.
The incessant growth of the consumer electronics industry has been a key factor that has led to the growth of proximity sensors market. In particular, proximity sensing technology finds widespread application in key consumer electronics such as smartphones. Advances in capacitive proximity sensing technology that addresses loopholes of currently used IR-based proximity sensor technology for smartphones is expected to create growth opportunities for proximity sensors during the forecast period.
A report by Transparency Market Research (TMR) predicts the global proximity sensors market to rise at a CAGR of 5.1% for the forecast period between 2017 and 2025, for the market to be valued at US$3,754.8 mn by the end of 2025.
Capacitive Proximity Sensors to Continue to Remain Dominant
The proximity sensors market can be classified based on technology type, product type, chip type, industry vertical, and region. On the basis of technology, proximity sensors can be divided into capacitive sensors, magnetic sensors, infrared sensors, force sensors, and other proximity sensors. Amongst all, capacitive proximity sensors holds the leading market share and is expected to retain leading share over the forecast period. This is mainly because of their low cost, optimized power consumption, and high reliability features. The capacitive proximity sensors segment is anticipated to contribute significant revenue to the overall market due to the popularity of smart homes, intelligent transportation, and connected world.
On the basis of product type, the proximity sensors market has been segmented into fixed distance and adjustable distance. In terms of chip type, the segments into which the global proximity sensors market can be divided are single chip and multi-chip. In terms of industry vertical, the key segments of the market include aerospace and defense, automotive, building automation, consumer electronics, food and beverage, industrial, and other segment.
Asia Pacific to Exhibit Leading CAGR through 2025
Geographically, the proximity sensors market is divided into North America, Asia Pacific, Europe, the Middle East and Africa, and South America. In 2016, Asia Pacific stood as the leading regional market for proximity sensors; going forward, Asia Pacific is anticipated to hold the leading market share among other key regions over the forecast period. The region is also anticipated to display the leading CAGR over the forecast period on account of the rising use of proximity sensors for industrial automation in emerging economies such as China and India. Some factors driving growth in the region include high adoption of consumer electronics and automation of automotive and industrial sectors.
Some other factors driving the Asia Pacific proximity sensors market include increasing number of small and medium size smartphone manufacturers in the region. Further building automation, aerospace and defense, and food and beverages are some other industry verticals that are increasingly adopting towards automated operational units.
North America and Europe are expected to display relatively slow growth rate as compared to Asia Pacific.
Leading players in the global proximity sensors market include Pepperl + Fuchs GmbH, Sick AG, Omron Corporation, IFM Electronic GmbH, Panasonic Corporation, Schneider Electric SE, Rockwell Automation Inc., Semtech Corporation, Vishay Semiconductors, ST Microelectronics NV, Qualcomm Technologies, Futek Advanced Sensor Technology Inc., NXP Semiconductor, Sensata Technologies, and Infineon Technologies AG.
Global Proximity Sensors Market: Overview
The global proximity sensors market report provides analysis for the period 2015–2025, wherein the period from 2017 to 2025 is the forecast period and 2016 is the base year. The report covers all the major trends and technologies playing key role in proximity sensors market growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence market’s growth during the forecast period. The study provides a holistic perspective on the proximity sensors market’s growth throughout the above mentioned forecast period in terms of revenue (in US$ Mn), across different geographies, including North America, Europe, Asia-Pacific, Middle East & Africa (MEA) and South America.
The market overview section of the report demonstrates the market dynamics and market trends, such as the drivers, restraints, and opportunities that influence the current nature and future status of the market. An attractiveness analysis have also been provided for every geographic region in the report, in order to provide a thorough analysis of the overall competitive scenario of the proximity sensors market, globally. Moreover, the report provides an overview of the various strategies of key players present in the market. Introduction and market definition chapter helps in understanding different technologies of proximity sensors along with their applications which are included in the report.
The report provides all the essential information required to understand the proximity sensors and its components. Furthermore, Porter’s Five Forces analysis explains the factors which are currently affecting the market. This report also provides the value chain analysis for the proximity sensors market which explains the participants of the value chain. The report also provides the current market trend impact analysis across each region.
Global Proximity Sensors Market: Market Segmentation
The report segments the global proximity sensors market on the basis of various technology into Single Capacitive, Magnetic, Infrared (IR), Force Sensor and Others (Inductive, Photoelectric, etc.). Furthermore, the market is segmented on the basis of product type into fixed distance and adjustable distance. On the basis of chip type, the market is segmented into single chip and multi-chip. The market is segmented on the basis of its uses in various end-use industry into Aerospace & Defense, Automotive, Building Automation, Consumer Electronics, Food & Beverage, Industrial and others segment. Thus, the report provides in-depth cross-segment analysis of the proximity sensors market and classifies it into various levels, thereby providing valuable insights at the macro as well as micro levels.
On the basis of country, North American market is segmented into The U.S., Canada and Rest of North America. Similarly, Europe market is segmented into The U.K., Germany, France, and Rest of Europe. Asia Pacific have been segmented into China, Japan, India, and Rest of Asia Pacific. Middle East and Africa covers the GCC countries, South Africa and Rest of Middle East and Africa. Similarly, South American region includes Brazil, and Rest of South America.
Global Proximity Sensors Market: Competitive Landscape
The report also highlights the competitive landscape of the proximity sensors market, thereby positioning all the major players according to their geographic presence and recent key developments. The comprehensive proximity sensors market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the proximity sensors market’s growth.
Some of the key players engaged in proximity sensors market include various manufacturers such as Pepperl + Fuchs GmbH, Sick AG, Omron Corporation, IFM Electronic GmbH, Schneider Electric SE, Panasonic Corporation, Rockwell Automation, Inc., Semtech Corporation, Vishay Semiconductors, STMicroelectronics NV, Qualcomm Technologies, Futek Advanced Sensor Technology, Inc., NXP Semiconductor, Sensata Technologies, and Infineon Technologies AG. Details such as financials, and products/service offerings pertaining to these players have been duly provided as part of company profiling.