logo
logo
AI Products 

Global Proximity Sensor Market Size to reach USD 5761.12 million by 2026

avatar
Chris Arant
Global Proximity Sensor Market Size to reach USD 5761.12 million by 2026

The Global Proximity Sensor Market Size was valued at USD 3790.5 million in 2020 and is expected to reach USD 5761.12 million by 2026 and grow at a CAGR of 7.3% during the forecast period. The proximity sensor is a non-contact sensor able to detect the presence of an object when the object enters the sensor’s field. Depending on the type, proximity sensor, light, sound, electromagnetic fields, and infrared radiation (IR) may be utilized by the sensor to detect a target.


Access Free Sample Copy of Proximity Sensor Market Report: https://extrapolate.com/sample/Semiconductor-Electronics/proximity-sensors/25638?utm_source=organic&utm_campaign=8024


Technological Developments in Proximity Sensors Provide the Opportunity for Market 



The rising technological development and increasing research and development activity in proximity sensors provide a lucrative opportunity for the market during the forecast period. Advanced proximity sensors like Time of Flight (ToF) sensors, can maintain social distancing with all kinds of products and protect health in many ways. In July 2020, STMicroelectronics has launched high-performance proximity sensors, based on FlightSense ToF technology. These ToF sensors help to measure true distance, independent of target size, color, and reflectance, all-in-one integrated module for easy integration, and low power consumption. 



Increasing Awareness of Monitoring and Safety Systems in Automobiles 



The touch-free user experience is growing the adoption of proximity sensors in automotive applications. In the automotive industry, these sensors are used for various applications such as interior lighting control, infotainment systems, 3D gesture, and keyless entry system. In the parking assistance system, proximity sensors can detect the presence of objects in the pathway of the reversing vehicle and can raise the alarm to warn the driver. In addition, the stringent government regulations regarding the enhanced safety for passengers, driver, and vehicle will encourage the utilization of proximity sensors in the automotive sector.  



North America is the largest market for proximity sensors due to the high growth in the automotive industry and manufacturing industry and growth in capital investments in setting up various industries. Moreover, the US is the large smart parking market across the globe, due to the presence of various key players and financial support. Also, rising awareness toward modern solutions for traffic control and parking drives market share during the forecast period.


Top Manufacturers Covered in this report are:


Pepperl+Fuchs SE

Hans Turck GmbH & Co. KG

Schneider Electric, Sick AG

Panasonic Corporation of North America.

Rockwell Automation Inc.

Semtech Corporation, Vishay Intertechnology, Inc.

STMicroelectronics

Qualcomm Incorporated

RiKO OPTO-ELECTRONICS TECHNOLOGY CO., LTD.

Delta Electronics, Inc.

Fargo Controls Inc.

KEYENCE CORPORATION


Market Based on Product Types:


Capacitive Radiation

Magnetic

Infrared


The Application can be Classified as:


Aerospace & Defence

Automotive

Building Automation

Others


Key Regions included in this report are:


• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East & Africa


Browse More Details With TOC: https://www.kingsresearch.com/post/proximity-sensor-market?utm_source=organic&utm_campaign=8024


The global Proximity Sensor market research includes SWOT analysis, short segmentation, regional forecast, market share, and the competitive landscape, as well as differentiating characteristics and growth determinants. The current market status and future prospects for each segment are also examined. The paper presents a complete investigation of the Proximity Sensor industry participants in the marketplace using some analytical approaches.

collect
0
avatar
Chris Arant
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more