The proximity sensor market is projected to grow from USD 4.3 billion in 2024 and is projected to reach USD 6.6 billion by 2030; it is expected to grow at a CAGR of 7.5% from 2024 to 2030 by The increasing adoption of non-contact sensors, expanding market of smart home devices.
By 2025, this will mean Chinese EV makers are on course for as many as 36 million EVs each year, making it highly important for the automotive sensor market's current and short-term future states, Governments across the Asia Pacific are investing vastly in innovative city initiatives to improve the quality and sustainability of urban life. Proximity sensors are applied in many smart infrastructures, such as those in traffic contral, environmental observation, and automated light management. For instance, LoT technologies and sensor networks are integrated in cities such as Singapore and Seoul to enhance and optimize public safety and resource use. Such projects developed a huge demand for proximity sensors in the region.
Extensive primary interviews were conducted with key industry experts in the proximity sensor market space to determine and verify the market size for various segments and subsegments gathered through secondary research. The break-up of primary participants for the report has been shown below: The break-up of the profile of primary participants in the proximity sensor market:
Apart from this, Autonics Corporation (South Korea), ifm electronic gmbh (Germany), Leuze electronic Pvt. Ltd. (Germany), Hans Turck GmbH & Co. KG (Germany), Fargo Controls Inc. (New Jersey), TMSS France (France), Migration Corp. (Australia), Infinite Electronics International, Inc. (US), Senstronic (France), HTMSensors (US), are among a few emerging companies in the proximity sensor market.
Inductive technology segment to hold the largest share during the forecast period.
Due to solid-state technology, the inductive sensor is highly resistant to industrial environments, including dust, dirt, moisture, and extreme temperatures. That makes the devices especially appropriate for manufacturing plants and assembly lines where reliability is of prime concern. These sensors shall find applications in various industrial automation and automotive manufacturing. In the field of robotics, they realize position detection so that a robotic arm will move to the exact spot time and again to conduct a task. They are also widely used to count and sort parts on moving conveyor belts, increasing productivity. In the market for the product type segment, fixed distance is likely to have the largest share over the forecast period.Market for Fixed Distance Product Type segment is projected to hold for the largest share during the forecast timeline.
Fixed-distance proximity sensors are the modern electronic development designed to determine whether an object exists or not within a range from it without touching it. Their working technologies include ultrasonic, infrared sensing, and capacitive sensors, all of which work together in recognizing an object without touching it and have applications in industrial automation, automotive, and consumer electronics. The prime intention of fixed-distance proximity sensors is to measure distance accurately, wherein automation systems can make decisions instantly on proximity to any object.Market for Up to < 10 mm segment holds for largest market share during the forecast period.
Companies are continuously innovating proximity sensors with less range, which is expected to boost the demand for proximity sensors, especially in the booming market of wearable devices and consumer electronics. The ability to seamlessly integrate advanced functionality into increasingly smaller devices aligns perfectly with current trends toward miniaturization and enhanced user convenience. Consequently, manufacturers will be compelled to adopt these sensors to meet consumer expectations for more innovative, more responsive products, accelerating the overall growth of the proximity sensor market.The Analog segment holds the largest share during the forecast period.
The analog segment is likely to hold the biggest market share during the forecast period.
These proximity sensors are analog and, hence, of great importance to most industries because they provide a continuous signal regarding changes in distance or proximity between the sensor and a target object. They are primarily applied in industries that need accurate and timely data from monitoring activities, such as the auto-manufacturing and aerospace industries, including industrial automation. Key players operating in the analog proximity sensor market include Pepperl+Fuchs, OMRON Corporation, and SICK AG, which are significant players owing to their robust product portfolio and continuous technology advancement.Market for Automotive segment is projected to hold the largest share during the forecast timeline.
Proximity sensors are increasingly implemented as core devices in the automotive industry toward developing vehicle function and security. These sensors do not have to make physical contact. They are among the vision-sensing technologies, forming core advanced driver-assistance systems, including parking assistance, blind-spot detection, collision avoidance, and automated braking. They provide real-time data enabling drivers to negotiate their way around safely and efficiently with reduced chances of accidents. In this line of requirement, the precision and reliability of such sensors are essential because autonomous driving technologies have to depend on accurate environmental perception.Asia Pacific is expected to have the second-highest CAGR during the forecast period.
While Asia-Pacific has taken the lead in global automotive production, Japan, South Korea, China, and India have dominated the Asian region. Proximity sensors are said to be the heart of all applications, from ADAS and parking assistance to collision avoidance systems, according to modern automotive markets. The growing acceptance of electric vehicles in countries like China and Japan boosts the demand for sensors utilized in battery management and safety features. In 2023, China accounted for 57 percent of the world's EV sales, according to the East Asia Forum.By 2025, this will mean Chinese EV makers are on course for as many as 36 million EVs each year, making it highly important for the automotive sensor market's current and short-term future states, Governments across the Asia Pacific are investing vastly in innovative city initiatives to improve the quality and sustainability of urban life. Proximity sensors are applied in many smart infrastructures, such as those in traffic contral, environmental observation, and automated light management. For instance, LoT technologies and sensor networks are integrated in cities such as Singapore and Seoul to enhance and optimize public safety and resource use. Such projects developed a huge demand for proximity sensors in the region.
Extensive primary interviews were conducted with key industry experts in the proximity sensor market space to determine and verify the market size for various segments and subsegments gathered through secondary research. The break-up of primary participants for the report has been shown below: The break-up of the profile of primary participants in the proximity sensor market:
- By Company Type: Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
- By Designation: C Level - 45%, Director Level - 35%, Others - 20%
- By Region: North America - 40%, Europe - 18%, Asia Pacific - 35%, ROW - 7%
Apart from this, Autonics Corporation (South Korea), ifm electronic gmbh (Germany), Leuze electronic Pvt. Ltd. (Germany), Hans Turck GmbH & Co. KG (Germany), Fargo Controls Inc. (New Jersey), TMSS France (France), Migration Corp. (Australia), Infinite Electronics International, Inc. (US), Senstronic (France), HTMSensors (US), are among a few emerging companies in the proximity sensor market.
Research Coverage
his research report categorizes the proximity sensor market based on technology, Product Type, Range, Output, End-use Industry, and region. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the proximity sensor market and forecasts the same till 2030. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the proximity sensor ecosystem.Key Benefits of Buying the Report
he report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall proximity sensor market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.The report provides insights on the following pointers:
- Analysis of key drivers (rising governments and regulatory bodies mandating the inclusion of ADAS features in vehicles; the expanding integration of proximity sensors into medical devices such as wireless monitors and wearable sensors) influencing the growth of the proximity sensor market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the Proximity Sensor market.
- Market Development: Comprehensive information about lucrative markets - the report analyzes the proximity sensor market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the proximity sensor market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like OMRON Corporation (Japan), KEYENCE CORPORATION (Japan), Panasonic Corporation (Japan), SICK AG (Germany), STMicroelectronics (Switzerland), among others in the proximity sensor market.
Table of Contents
1 Introduction
2 Research Methodology
4 Premium Insights
5 Market Overview
6 Proximity Sensor Market, by Technology
7 Proximity Sensor Market, by Product Type
8 Proximity Sensor Market, by Range
9 Proximity Sensor Market, by Output
10 Proximity Sensor Market, by End-use Industry
11 Proximity Sensor Market, by Region
12 Competitive Landscape
13 Company Profiles
14 Appendix
List of Tables
List of Figures
Companies Mentioned
- Omron Corporation
- Keyence Corporation
- Panasonic Corporation
- Sick AG
- Stmicroelectronics
- Rockwell Automation
- Delta Electronics, Inc.
- Honeywell International Inc.
- Broadcom
- Schneider Electric
- Zf Friedrichshafen AG
- Balluff Automation India Pvt. Ltd.
- Pepperl+Fuchs SE
- Baumer
- Banner Engineering Corp.
- Autonics Corporation
- Ifm Electronic GmbH
- Leuze Electronic Pvt. Ltd.
- Hans Turck GmbH & Co. KG
- Fargo Controls Inc.
- Tmss France
- Migration Corp.
- Infinite Electronics International, Inc.
- Senstronic
- Htmsensors
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 296 |
| Published | July 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 4.3 Billion |
| Forecasted Market Value ( USD | $ 6.6 Billion |
| Compound Annual Growth Rate | 7.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
