Global Proximity Sensor Market is valued at USD 3487.4 Million in 2021 and is expected to reach USD 5636.8 Million by 2028 with a CAGR of 7.1% over the forecast period.
A proximity sensor is a sensor ready to identify the presence of neighboring items with practically no physical contact. Different proximity sensor targets request various sensors. Proximity sensor is a device which locates any physical object and gives an electronic output. Proximity sensors transmit radio wave radiations with a transmitter and these waves have a property, after they hit an object they reflect back. The proximity sensor also has a detector which detects these reflected waves and based on these detected waves object location and power presence of any object can be ascertained. For instance; a capacitive proximity sensor or photoelectric sensor may be reasonable for a plastic objective; an inductive proximity sensor generally requires a metal objective. Proximity sensors can have a high unwavering quality and long practical life because of the absence of mechanical parts and absence of physical contact between the sensor and the detected item. Nearness sensors are additionally utilized in machine vibration monitoring to measure the variety in distance between a shaft and its help bearing. This is normal in huge steam turbines, compressors, and engines that utilization sleeve-type bearing. A proximity sensor changed in accordance with an exceptionally short range is regularly utilized as a touch switch.
The Covid-19 pandemic has also impacted the growth of global proximity sensor market. During COVID-19 pandemic, there was reduction in semiconductors manufacturing, which is an important component in most electronics including proximity sensors. Hence, the semiconductor shortage has caused decline in proximity sensor market growth.
The global proximity sensor market is segmented on the basis of technology, end-user and region country level. Based on technology, the global proximity sensor market is divided into inductive, captive, photoelectric, ultrasonic and magnetic. Based on end user, the proximity sensor market can be divided by aerospace, defense, automotive, food beverages, consumer electronics and other.
The regions covered in this global proximity sensor market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of proximity sensor is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc
On November 30th, 2021; Researchers at the University of Bath have been granted a 1.5 million funding for the manufacturing of proximity nanosensors using artificial intelligence that lead to manufacturing of high precision aerospace components. Artificial intelligence helps aerospace companies improvise manufacturing along with improving safety protocols.
On October 28th, 2021; Carlo Gavazzi launched new ICS Series E1-Rated Inductive Proximity Sensors. As these sensors are tailored to deal with applications on mobile equipment, these sensors offer performance focusing on precise detection and low downtime.
On September 29th,2021; IIT Guwahati had developed a water repellent sensor for tracking human movement. These sensors use proximity sensors for gait analysis, understanding human and machine interactions and monitoring patients during rehabilitation processes.
On February 17th,2021; ams, a worldwide supplier of high-performance sensor solutions, launched the TMD2636, a fully integrated proximity sensor that occupies 30% less space than currently available solutions, and so delivers transformational added value to manufacturers of True Wireless Stereo (TWS) earbuds.
One of the major factors driving the growth of Global Proximity Sensor Market is rising penetration of IOT technology. There is an immense importance of proximity sensor in all IOT avenues especially IOT related automation. This concept of operating machines and electronic devices over the internet is a concept gaining popularity. Here, proximity sensors can be used to judge the object position to give feedback on the process. The need to ensure upgraded communication among a few resources in an office, the real-time insight, and analysis in the production floor will support the integration of these sensors. Sensors gather the vital information and send it to the controller along these lines empowering the remote monitoring of the processing plant. Real-time and exact monitoring of all items is vital variables in an industrial process for the early detection of faults and issues.
In addition, another factor supplementing the growth of global proximity sensor market is growing number of smartphone users. Growing usage of smartphone also increases a requirement for proximity sensors. Smartphones use IR proximity sensors to detect the presence of an ear near the phone during a phone call to reduce the phone power for power saving purposes. Also, most of the smartphones are of touch screen type. Hence, this touch screen needs to be in locked mode during a call which is automatically done after the IR proximity sensor detects the ear presence. The large number of smartphones sold daily generate a humongous need of proximity sensors as they improve the smartphone calling functionality and hence this increases the proximity sensor market revenue. For instance; this rise can be seen in a report by Economic times which states that there has been a 100% increase in smartphone users since 2010 as the number of users of smartphones has increased to 600 million users from 2021 from 300 million users to 2021.
Furthermore, increasing adoption of proximity sensor in automotive industry also drives the global proximity sensor market. The touch-free user interface is driving the reception of proximity sensors in automotive applications. Proximity sensors can be utilized in automotive, keyless entry system, incorporate infotainment framework, 3D signal, and inside lighting control. In the parking assistance system, these sensors can identify the presence of items in the pathway of the switching vehicle and can raise the alert to warn the driver. Proximity sensors likewise avoid collision with people on foot while parking. For example; in November 2020, Rockwell robotization gained Fiix inc., a cloud software organization for driving edge support solutions. With the expansion of the Fiix platform and expertise, the clients are relied upon to profit from a 360-degree view on coordinated information across automation, maintenance, and production, helping them with monitor and develop the performance of their resources and optimize how support work is finished.
However, as proximity sensor are expensive which may hamper the global proximity sensor market growth. In spite of that, growth in nanotechnology is reducing the size and price of these proximity sensors can provide various opportunities for the further growth of the global proximity sensor market.
North America is Expected to Dominate the Global Proximity Sensor Market
North America is expected to dominate the global proximity sensor market within the forecast period attributed to the its growing adoption in automotive sector, rising number of smartphone users and increasing industrial application in this region. Proximity sensor improves the smartphone calling functionality. For instance; according to the gaming website Zippa, around 85 % of the USA residents use smartphones. Hence, enormous smartphone usage in United States and manufacturing units lead to requirement of proximity sensors which justifies the dominant presence of proximity sensor market in North America. Also, the presence of industries and adoption of IoT technologies drives the market in the region. For example; as per the website Propel PLM, there are around 300,000 manufacturing plants in United States of America. Also, United States has adopted the IOT technology wholeheartedly having 180 active IOT Connections. Hence these manufacturing units in the United States use IOT and automation processes. These processes provide a constant need for proximity sensors.
Europe is projected show a significant growth in the global proximity sensor market due to advancement in automotive sector and presence of key players in this region. For instance; in January 2019; Ams launched a new in- display encompassing light and proximity sensor solution for cell phones outfitted with OLED displays, which basically makes those modules unseen. The TCS3701 has senses the light that goes through the display and utilizing exceptional algorithms.
|Historical data||2015 - 2020|
|Forecast Period||2022 - 2028|
|Market Size in 2021:||USD 3487.4 Million|
|Base year considered||2021|
|Forecast Period CAGR %:||7.1%|
|Market Size Expected in 2028:||USD 5636.8 Million|
|Tables, Charts Figures:||175|
|Proximity Sensor Companies||Delta Electronics, Inc., Datalogic S.p.A., STMicroelectronics, OMRON Corporation, Rockwell Automation, Inc., Schneider Electric, Pepperl+Fuchs SE, Honeywell International Inc., Panasonic Corporation, SICK AG, Baumer Holding AG, Contrinex AG, Others|
|Segments Covered||By Technology, By Operating Range, By Channel Type, By End-User|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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