North America Dominates The Proximity Sensor Market With Nearly 5.8% Contribution In Terms Of Revenue Generation

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As per PMR's report, the global proximity sensor market generated a market revenue of US 3.3 Bn in 2019, and is expected to expand at a steady CAGR of 6% during the forecast period (2022–2030).

Proximity sensors are used to detect the presence or absence of objects using light, electromagnetically field, and sound. Demand for proximity sensors is increasing for a broad range of applications, such as detection, inspection, positioning, robotics, and consumer products. These proximity sensors are becoming increasingly popular in the automotive industry, due to inherent advantages such as low cost, safety, low power, and ability to integrate with sliders, touch buttons, and others, for automotive sensing applications. Increasing awareness related to monitoring and safety systems in the automotive industry is expected to boost the growth of the proximity sensor market over the next decade.

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Key Takeaways from Proximity Sensor Market Study

"Due to increasing adoption of automation technologies for industrial process and control devices, demand for sensors in the industrial ecosystem is growing rapidly. Proximity sensors are used for sensing, positioning, and detection, within industrial automation applications, for non-contact proximity detection, which will drive market growth over the coming years," says a PMR analyst.

Technological Advancements in Proximity Sensors to Boost Market Growth

Proximity sensors have seen an evolution from low-sensing capabilities to high-sensing and detection functions. The proximity sensor market landscape has evolved from fixed-sensing to auto-sensing proximity sensors. Moreover, the range of proximity sensors has increased due to wide application areas across industries. Modern-day proximity sensors have very high characteristic safety values, such as increased temperature range as well as increased EMC resistance.

In May 2019, Pepperl+Fuchs GmbH, introduced an inductive proximity sensor containing four rectangular and cylindrical series with a cable and plug connection. Such high-quality inductive proximity sensors are used to meet the needs of the automation industry.

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More Valuable Insights on Proximity Sensor Market

A new market research report published by Persistence Market Research (PMR) on the global proximity sensor market includes global industry analysis of 2015–2019 and opportunity assessment for 2019–2030. The report provides valuable insights on the basis of technology (magnetic sensors, photoelectric sensors, capacitive sensors, inductive sensors, and others), type (adjustable distance proximity sensors and fixed distance proximity sensors), sensing range (less than 10 mm, 10 mm – 20 mm, and more than 20 mm), and application (consumer electronics, pharmaceuticals, industrial manufacturing, food & beverages, automobiles, aerospace & defense, and others), across six major regions.

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