The inductive proximity sensors market size has grown rapidly in recent years. It will grow from $1.26 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth observed in the historical period can be traced back to several factors such as the emergence of industrial automation, the globalization of manufacturing operations, the expansion of the automotive industry, the growing demand for non-contact sensing technology, and the increasing adoption of inductive sensors within the oil and gas sector.
The inductive proximity sensors market size is expected to see rapid growth in the next few years. It will grow to $2.06 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The forecasted growth can be attributed to various factors including the widespread adoption of robotics, the surge in the industrial Internet of Things (IIoT), heightened emphasis on energy efficiency, growing demand for smartphones, and increased investment in research and development activities. Noteworthy trends expected during this forecast period comprise advancements in microelectronics, the trend towards component miniaturization, advancements in material science, the evolution of sensor materials, and continuous technological progress.
The expansion of industrial automation is anticipated to fuel the growth of the inductive proximity sensors market in the future. Industrial automation involves the use of robotics, machines, and control systems to automate tasks that were traditionally performed by humans, thereby improving productivity, quality, and safety across various industries. This surge in industrial automation is motivated by the need to enhance productivity, quality, and safety, alongside advancements in robotics, artificial intelligence (AI), and communication technologies that have made automation more efficient and cost-effective. Inductive proximity sensors are employed in industrial automation for the non-contact detection of metallic objects, ensuring precision and efficiency in diverse manufacturing processes. For example, in October 2022, reports from the International Federation of Robotics (IFR), a US-based non-profit organization that supports the robotics industry, indicated that 517,385 robots were installed in factories globally in 2021, representing a 31% increase from 2020. Presently, the global stock of operational robots has reached a record high of approximately 3.5 million units. Consequently, the growth in industrial automation is driving the expansion of the inductive proximity sensors market.
Major players in the inductive proximity sensors market are concentrating on the development of cutting-edge technological solutions, such as input or output (IO)-link communications sensors, to maintain their market presence. An IO-Link communications sensor is one that integrates IO-Link technology to enhance functionality and communication abilities. For example, in February 2023, Carlo Gavazzi Holding AG, an industrial automation company based in Switzerland, introduced ICF Full-Metal Inductive Sensors. These intelligent sensors boast durable stainless-steel housing and IO-Link communications, enhancing uptime and enabling intelligent monitoring in challenging environments such as agriculture, food and beverage, and machining. They offer prolonged lifespans with washdown capabilities, resilience to impacts, and a broad temperature range. These sensors facilitate predictive maintenance through cyclic process data monitoring and customizable alarms, ensuring uninterrupted operations. They are highly versatile, supporting various configurations and providing reliable detection for applications such as conveyor positioning and axle revolution counting in machinery.
In March 2024, Sentech Inc., a US-based manufacturer of position and proximity sensors, acquired the assets of Xensor LLC for an undisclosed sum. This acquisition is anticipated to broaden Sentech's industrial portfolio and deliver comprehensive solutions to its global clientele. Moreover, by integrating Xensor's capabilities, Sentech aims to strengthen its position in advanced sensor technology. Xensor LLC, a US-based firm, specializes in the development and manufacturing of motion sensors, including a full range of inductive proximity sensors tailored for both standard and custom applications.
Major companies operating in the inductive proximity sensors market are Panasonic Corporation, Schneider Electric SE, Honeywell International Inc., Eaton Corporation plc, STMicroelectronics N.V., Fargo Controls Inc., Delta Electronics Inc., Rockwell Automation Inc., Omron Corporation, Keyence Corporation, IFM Electronic GmbH, Sick AG, Hans Turck GmbH and Co. Kg, Pepperl+Fuchs SE, Zettlex UK Ltd, Baumer Holding AG, Datalogic S.p.A, Balluff GmbH, Altech Corporation, Carlo Gavazzi Holding AG, Autonics Corporation, Contrinex AG, Red Lion Controls Inc., Riko Opto-Electronics Technology Co. Ltd, KRIZ Sensors.
Asia-Pacific was the largest region in the inductive proximity sensors market in 2023. The regions covered in the inductive proximity sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the inductive proximity sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Inductive proximity sensors are non-contact devices designed to detect the presence of metallic objects by generating an electromagnetic field and sensing eddy current losses when a metal target enters this field. They are utilized for the non-contact detection of metallic objects across various sectors, including industrial automation, robotics, automotive, and aerospace applications.
The primary types of inductive proximity sensors include negative-positive-negative (NPN) sensors, positive-negative-positive (PNP) sensors, shielded sensors, and unshielded sensors. An NPN inductive proximity sensor operates using a transistor with a positive base and a negative collector. These sensors incorporate technologies such as high-frequency oscillation, through-beam, and pulse-echo. The end users of inductive proximity sensors span industries such as industrial, automotive, aerospace and defense, packaging, and others.
The inductive proximity sensors market research report is one of a series of new reports that provides inductive proximity sensors market statistics, including the inductive proximity sensors industry global market size, regional shares, competitors with the inductive proximity sensors market share, detailed inductive proximity sensors market segments, market trends, and opportunities, and any further data you may need to thrive in the inductive proximity sensors industry. These inductive proximity sensors market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The inductive proximity sensors market consists of sales of basic inductive proximity sensors, specialized inductive proximity sensors, application-specific sensors, and wireless inductive proximity sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The inductive proximity sensors market size is expected to see rapid growth in the next few years. It will grow to $2.06 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The forecasted growth can be attributed to various factors including the widespread adoption of robotics, the surge in the industrial Internet of Things (IIoT), heightened emphasis on energy efficiency, growing demand for smartphones, and increased investment in research and development activities. Noteworthy trends expected during this forecast period comprise advancements in microelectronics, the trend towards component miniaturization, advancements in material science, the evolution of sensor materials, and continuous technological progress.
The expansion of industrial automation is anticipated to fuel the growth of the inductive proximity sensors market in the future. Industrial automation involves the use of robotics, machines, and control systems to automate tasks that were traditionally performed by humans, thereby improving productivity, quality, and safety across various industries. This surge in industrial automation is motivated by the need to enhance productivity, quality, and safety, alongside advancements in robotics, artificial intelligence (AI), and communication technologies that have made automation more efficient and cost-effective. Inductive proximity sensors are employed in industrial automation for the non-contact detection of metallic objects, ensuring precision and efficiency in diverse manufacturing processes. For example, in October 2022, reports from the International Federation of Robotics (IFR), a US-based non-profit organization that supports the robotics industry, indicated that 517,385 robots were installed in factories globally in 2021, representing a 31% increase from 2020. Presently, the global stock of operational robots has reached a record high of approximately 3.5 million units. Consequently, the growth in industrial automation is driving the expansion of the inductive proximity sensors market.
Major players in the inductive proximity sensors market are concentrating on the development of cutting-edge technological solutions, such as input or output (IO)-link communications sensors, to maintain their market presence. An IO-Link communications sensor is one that integrates IO-Link technology to enhance functionality and communication abilities. For example, in February 2023, Carlo Gavazzi Holding AG, an industrial automation company based in Switzerland, introduced ICF Full-Metal Inductive Sensors. These intelligent sensors boast durable stainless-steel housing and IO-Link communications, enhancing uptime and enabling intelligent monitoring in challenging environments such as agriculture, food and beverage, and machining. They offer prolonged lifespans with washdown capabilities, resilience to impacts, and a broad temperature range. These sensors facilitate predictive maintenance through cyclic process data monitoring and customizable alarms, ensuring uninterrupted operations. They are highly versatile, supporting various configurations and providing reliable detection for applications such as conveyor positioning and axle revolution counting in machinery.
In March 2024, Sentech Inc., a US-based manufacturer of position and proximity sensors, acquired the assets of Xensor LLC for an undisclosed sum. This acquisition is anticipated to broaden Sentech's industrial portfolio and deliver comprehensive solutions to its global clientele. Moreover, by integrating Xensor's capabilities, Sentech aims to strengthen its position in advanced sensor technology. Xensor LLC, a US-based firm, specializes in the development and manufacturing of motion sensors, including a full range of inductive proximity sensors tailored for both standard and custom applications.
Major companies operating in the inductive proximity sensors market are Panasonic Corporation, Schneider Electric SE, Honeywell International Inc., Eaton Corporation plc, STMicroelectronics N.V., Fargo Controls Inc., Delta Electronics Inc., Rockwell Automation Inc., Omron Corporation, Keyence Corporation, IFM Electronic GmbH, Sick AG, Hans Turck GmbH and Co. Kg, Pepperl+Fuchs SE, Zettlex UK Ltd, Baumer Holding AG, Datalogic S.p.A, Balluff GmbH, Altech Corporation, Carlo Gavazzi Holding AG, Autonics Corporation, Contrinex AG, Red Lion Controls Inc., Riko Opto-Electronics Technology Co. Ltd, KRIZ Sensors.
Asia-Pacific was the largest region in the inductive proximity sensors market in 2023. The regions covered in the inductive proximity sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the inductive proximity sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Inductive proximity sensors are non-contact devices designed to detect the presence of metallic objects by generating an electromagnetic field and sensing eddy current losses when a metal target enters this field. They are utilized for the non-contact detection of metallic objects across various sectors, including industrial automation, robotics, automotive, and aerospace applications.
The primary types of inductive proximity sensors include negative-positive-negative (NPN) sensors, positive-negative-positive (PNP) sensors, shielded sensors, and unshielded sensors. An NPN inductive proximity sensor operates using a transistor with a positive base and a negative collector. These sensors incorporate technologies such as high-frequency oscillation, through-beam, and pulse-echo. The end users of inductive proximity sensors span industries such as industrial, automotive, aerospace and defense, packaging, and others.
The inductive proximity sensors market research report is one of a series of new reports that provides inductive proximity sensors market statistics, including the inductive proximity sensors industry global market size, regional shares, competitors with the inductive proximity sensors market share, detailed inductive proximity sensors market segments, market trends, and opportunities, and any further data you may need to thrive in the inductive proximity sensors industry. These inductive proximity sensors market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The inductive proximity sensors market consists of sales of basic inductive proximity sensors, specialized inductive proximity sensors, application-specific sensors, and wireless inductive proximity sensors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Inductive Proximity Sensors Market Characteristics3. Inductive Proximity Sensors Market Trends and Strategies32. Global Inductive Proximity Sensors Market Competitive Benchmarking33. Global Inductive Proximity Sensors Market Competitive Dashboard34. Key Mergers and Acquisitions in the Inductive Proximity Sensors Market
4. Inductive Proximity Sensors Market - Macro Economic Scenario
5. Global Inductive Proximity Sensors Market Size and Growth
6. Inductive Proximity Sensors Market Segmentation
7. Inductive Proximity Sensors Market Regional and Country Analysis
8. Asia-Pacific Inductive Proximity Sensors Market
9. China Inductive Proximity Sensors Market
10. India Inductive Proximity Sensors Market
11. Japan Inductive Proximity Sensors Market
12. Australia Inductive Proximity Sensors Market
13. Indonesia Inductive Proximity Sensors Market
14. South Korea Inductive Proximity Sensors Market
15. Western Europe Inductive Proximity Sensors Market
16. UK Inductive Proximity Sensors Market
17. Germany Inductive Proximity Sensors Market
18. France Inductive Proximity Sensors Market
19. Italy Inductive Proximity Sensors Market
20. Spain Inductive Proximity Sensors Market
21. Eastern Europe Inductive Proximity Sensors Market
22. Russia Inductive Proximity Sensors Market
23. North America Inductive Proximity Sensors Market
24. USA Inductive Proximity Sensors Market
25. Canada Inductive Proximity Sensors Market
26. South America Inductive Proximity Sensors Market
27. Brazil Inductive Proximity Sensors Market
28. Middle East Inductive Proximity Sensors Market
29. Africa Inductive Proximity Sensors Market
30. Inductive Proximity Sensors Market Competitive Landscape and Company Profiles
31. Inductive Proximity Sensors Market Other Major and Innovative Companies
35. Inductive Proximity Sensors Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Inductive Proximity Sensors Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on inductive proximity sensors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for inductive proximity sensors? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The inductive proximity sensors market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Negative-Positive-Negative (NPN) Inductive Proximity Sensor; Positive-Negative-Positive (PNP) Inductive Proximity Sensor; Shielded Sensors; Unshielded Sensors2) By Technology: High-frequency Oscillation; Through-beam; Pulse Echo
3) By End User: Industrial; Automotive; Aerospace And Defense; Packaging; Other End-Users
Key Companies Mentioned: Panasonic Corporation; Schneider Electric SE; Honeywell International Inc.; Eaton Corporation plc; STMicroelectronics N.V.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Panasonic Corporation
- Schneider Electric SE
- Honeywell International Inc.
- Eaton Corporation plc
- STMicroelectronics N.V.
- Fargo Controls Inc.
- Delta Electronics Inc.
- Rockwell Automation Inc.
- Omron Corporation
- Keyence Corporation
- IFM Electronic GmbH
- Sick AG
- Hans Turck GmbH and Co. Kg
- Pepperl+Fuchs SE
- Zettlex UK Ltd
- Baumer Holding AG
- Datalogic S.p.A
- Balluff GmbH
- Altech Corporation
- Carlo Gavazzi Holding AG
- Autonics Corporation
- Contrinex AG
- Red Lion Controls Inc.
- Riko Opto-Electronics Technology Co. Ltd
- KRIZ Sensors
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | August 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 1.39 Billion |
| Forecasted Market Value ( USD | $ 2.06 Billion |
| Compound Annual Growth Rate | 10.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
