Proximity Sensor Market 2025 All The Latest Update In One Place - Check out now ($3,630 Billion Market)

Global Proximity Sensor Market Research Report: By Technology (Inductive, Capacitive, Photoelectric, Magnetic) by End User (Aerospace & Defense, Automotive, Industrial, Consumer Electronics, Food & Beverage, Others) by Region (North America, Europe, Asia-Pacific, Middle East and Africa, Central and South America) — Forecast till 2025

Proximity Sensor Market Highlights

The global proximity sensor market is expected to grow from USD 2,325.4 million in 2018 to USD 3,630 Million by 2025, at a CAGR of 7% during the forecast period. Proximity sensors are used across a number of verticals including automotive, consumer electronics, aerospace & defense, and food & beverages, among others.

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These sensors are used to detect the presence of nearby objects without any physical contact. They function by detecting a change in the local electromagnetic field. When a metal object is detected, the state of sensor output changes. The proximity sensors are basically of four types including inductive, capacitive, photoelectric, and magnetic. The photoelectric proximity sensor segment has vast applications in the automotive and material handling and therefore expected to contribute the largest revenue share to the market.

The proximity sensor market has been segmented by technology, end user, and region. On the basis of technology, the market has been segmented into inductive, capacitive, photoelectric, and magnetic. On the basis of end user, the market has been segmented into aerospace & defense, automotive, industrial, consumer electronics, food & beverage, and others.

Key Players

The key players in the proximity sensor market are Avago Technologies Inc. (Singapore), Schneider Electric (France), Panasonic Corporation (Japan), Balluff GmbH. (Germany), Hans Turck GmbH & CO., KG. (Germany), Pepperl + Fuchs GmbH (Germany), Rockwell Automation (US), Omron Corporation (Japan), Honeywell International Inc. (US), and Sick AG (Germany).

Other prominent players studied for the Proximity Sensor market are IFM Electronic GmbH (Germany), Fargo Controls (US), Gimatic S.r.l. (Russia), Bernstein AG (Germany), Baumer Holding AG (Germany), and Schmersal (Germany), among others.

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Key Players

The key players in the proximity sensor market are Avago Technologies Inc. (Singapore), Schneider Electric (France), Panasonic Corporation (Japan), Balluff GmbH. (Germany), Hans Turck GmbH & CO., KG. (Germany), Pepperl + Fuchs GmbH (Germany), Rockwell Automation (US), Omron Corporation (Japan), Honeywell International Inc. (US), and Sick AG (Germany).

Other prominent players studied for the Proximity Sensor market are IFM Electronic GmbH (Germany), Fargo Controls (US), Gimatic S.r.l. (Russia), Bernstein AG (Germany), Baumer Holding AG (Germany), and Schmersal (Germany), among others.

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