"Technology Advancement among Industries to ensure Positive Growth in Proximity Sensors Market"
Global proximity sensors market was valued at US$ 2,578.9 Mn in 2017 and set to grow at a CAGR of 6.2% throughout the forecast period from 2018 to 2026. With increased market penetration of smart devices such as smartphones, smart cameras among others, consumer electronics segment contributed with highest share in overall proximity sensors market growth. Proximity sensors market for consumer electronics accounted for more than 25% of total market share in 2017. Increasing market for smartphones allowing consumer electronics segment to continue leading global market for proximity sensors. Technology advancement in automotive as well as mining and aerospace sectors further contributing in the growth of overall proximity sensors market. In addition, increasing demand for long distance sensing from automotive industry to avoid collision ensures the growth of proximity sensors market in coming years. The mining industry along with regulatory agencies are increasingly adopting proximity detection and collision avoidance technology as a promising mean to reduce crushing and pinning accidents between underground machineries.
Market Snapshot
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"Capacitive Segment to Lead Overall Proximity Sensors Market throughout the Forecast Period"
Global proximity sensors market was dominated by capacitive sensors segment with leading share in 2017. Increasing applications of these sensors among numerous industries including automotive, consumer electronics, manufacturing ensuring the growth of capacitive proximity sensors in coming years. Product features such as greater durability, superior sensitivity and easy installation coupled with high accuracy features, capacitive proximity sensors market expected to continue dominating global market.
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"North America Dominates Proximity Sensors Market with Highest Market Share; Asia Pacific to Emerge as the Next Promising Market"
Increasing demand from automotive as well as consumer electronics industry for non-contact sensing technology reported as one of the prominent factors influencing the proximity sensors market growth in North America. Growth in industrial automation further pointed as one of the major factors driving overall market in this region. The U.S. reported as dominating country in North America market with presence of leading players coupled with growing consumer electronics market. Booming automotive as well as healthcare industry observed as some of the prime factors influencing U.S. proximity sensors market growth. In addition, with significant increase in demand for proximity sensors across diverse industry applications in China, coupled with growing adoption of automation in manufacturing industry, Asia Pacific expected to emerge as the next promising market.
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Competitive Insights
Leading players in global proximity sensors market are striving to increase applications of proximity sensors among numerous industries such as aircraft, automotive, manufacturing and mining among others. Manufacturers are focusing more to improve the performance of different industrial equipment through utilization of proximity sensors. Leading players such as Omron Corporation are introducing next generation proximity sensors to enable world’s longest distance sensing. This advancement has improved the performance of automotive equipment by nearly 10% (approximately 1,600 hours per year). Market players are focusing more on replacing existing technologies by proximity sensors among different industry verticals. For instance, in June 2017, Semtech Corporation, one of the leading suppliers of analog as well as mixed-signal semiconductors, announced the launch of smart sensing solution to enhance wireless connectivity by intelligently controlling the power of radio frequencies in connected devices such as tablets, wearable along with smartphones among others. This all-new smart sensor solution targeted specifically towards SAR (Specific Absorption Rate) proximity applications with unique on-chip smart engine for human detection along with advanced SAR control.
Historical & Forecast Period
This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
The proximity sensors market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global proximity sensors market based on sensors type, industry vertical, product type, sensing range and geography. Key segments covered in the report are as follows:
Segmentation by Sensors Type and Analysis of Proximity Sensors Market (2016—2026; US$ Mn)
- Inductive
- Capacitive
- Ultrasonic
- Photoelectric
- Magnetic
According to our research report, capacitive proximity sensors dominates overall market for proximity sensors. With increasing utilization in automotive, healthcare along with defense sector, photoelectric proximity sensors anticipated to witness significant growth during the forecast period from 2018 to 2026.
Segmentation by Industry Vertical and Analysis of Proximity Sensors Market (2016—2026; US$ Mn)
- Automotive
- Home & Building Automation
- Defense & Aerospace
- Consumer Electronics
- Manufacturing
- Mining
- Healthcare
- Others (Marine, Food & Beverage, etc.)
During 2017, Consumer electronics segment accounted for highest share considering increased market penetration of smartphones, tablets along with other smart consumer gadgets. The rise in demand for advanced safety systems coupled with stringent regulations for driver’s safety, proximity sensors market from automotive industry anticipated to witness significant growth in near future.
Segmentation by Product Type and Analysis of Proximity Sensors Market (2016—2026; US$ Mn)
- Fixed Distance
- Adjustable Distance
With high utilization among different industry verticals coupled with increasing demand, fixed distance proximity sensors accounted for leading share in global proximity sensors market in 2017.
Segmentation by Sensing Range and Analysis of Proximity Sensors Market (2016—2026; US$ Mn)
- 0 mm to 40 mm
- 41 mm to 100 mm
- 101 mm to 1000 mm
- 1001 mm to 2500 mm
- 2501 mm and Above
During 2017, considering highest share of consumer electronics segment in overall proximity sensors market growth, 0 mm to 40 mm segment accounted for leading share. Increasing demand for self-driving along with increasing demand for long distance sensing has 1001 mm to 2500 mm segment to witness growth during the forecast period from 2018 to 2026.
Segmentation by Geography and Analysis of Proximity Sensors Market (2016—2026; US$ Mn)
- North America
- U.S.
- Rest of North America
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- Asia Pacific (APAC)
- China
- Japan
- South Asia
- Rest of Asia Pacific
- Rest of the World (RoW)
- Middle East & Africa (MEA)
- Latin America
In 2017, North America accounted for highest market share with technology advancement in several industries including automotive, manufacturing, and pharmaceutical, among others. Asia Pacific expected to emerge as next promising market for proximity sensors with increasing demand for automated driving along with long-distance sensing.
Key questions answered in this report
- What was the market size of proximity sensors in 2017 and forecast up to 2026?
- Which is the largest regional market for proximity sensors?
- What are the key market trends observed in the proximity sensors market?
- Which is the most promising sensors type in proximity sensors market?
- Who are the key players leading the market?
- What are the key strategies adopted by the leading players in market?
- What are the key factors driving the global proximity sensors market?
- What are the market opportunities and threats faced by the market players in the global proximity sensors market?
Unique data points of this report
- Statistics on adoption of proximity sensors in both sensors type and industry vertical segments per region
- The market size for proximity sensors market has been calculated on concrete parameters including distribution of proximity sensors among different industries, worldwide
- Comparative scenario for all the segments for years 2017 (actual) and 2026 (forecast)
