The latest research study “Proximity Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global proximity sensor market reached a value of US$ 4.01 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.15 Billion by 2027, exhibiting a CAGR of 7.10% during 2022-2027.
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Proximity sensors refer to non-contact sensors that can detect the presence or approach of an object within its vicinity or target field. Some commonly used proximity sensors include inductive, capacitive, photoelectric, and magnetic. They generally rely on sound, light, infrared radiation (IR), and electromagnetic fields to detect the target without any physical contact. They can work in harsh environmental conditions to identify metallic and non-metallic objects and eliminate security challenges without causing damage to the target. As a result, proximity sensors find extensive applications across various industries, including automotive, consumer electronics, aerospace, and manufacturing.
Proximity Sensor Market Trends and Drivers:
The global proximity sensor market is primarily driven by its rising adoption in automotive reverse warning and parking assistance systems to prevent collisions and accidents. In addition, the increasing applications of proximity sensors in infotainment systems, keyless entry systems, 3D gestures, and interior lighting control is another major growth-inducing factor.
Furthermore, there has been widespread product adoption in robotics to prevent collision and enable process control in manufacturing facilities by detecting the presence and position of metal objects. Besides this, the growing usage of proximity sensors to automate procedures and repetitive tasks for an efficient production line has escalated its demand globally.
Other factors, including the expanding automotive industry, rising automation in complex production systems, the emergence of the Industrial Internet of Things (IIoT), technological advancements, and product innovations, are also anticipated to catalyze the market growth.
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Global Proximity Sensor Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
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The report has segmented the market on the basis of region, technology, sensing range and end use industry.
Breakup by End Use Industry:
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Key highlights of the report:
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