Quick Summary:
Staying one step ahead in the highly competitive business environment is imperative for every decision-maker. Knowing the current trends and future predictions in your industry can yield substantial benefits, and this is where our comprehensive market research report on the Global Proximity Sensors Market comes into play. Valued at US$5.7 Billion in the year 2022 and projected to increment at a steady pace to reach US$9 Billion by 2030, this market presents numerous opportunities.
Our report meticulously decodes every intricacy of the Proximity Sensors Market, with particular emphasis on segments such as Inductive and Capacitive. It gives a global perspective, highlighting key geographical markets, including the US and China. Furthermore, it profiles select competitors, providing a comprehensive analysis of their market shares and competitive positioning. With features such as interactive peer collaboration and one-year complimentary updates, this market research report is an essential tool for strategic planning and informed decision-making.
Global Proximity Sensors Market to Reach $9 Billion by 2030
The global market for Proximity Sensors estimated at US$5.7 Billion in the year 2022, is projected to reach a revised size of US$9 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030. Inductive, one of the segments analyzed in the report, is projected to record 7.4% CAGR and reach US$3.8 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Capacitive segment is readjusted to a revised 5.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 10.6% CAGR
The Proximity Sensors market in the U.S. is estimated at US$1.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 10.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.Select Competitors (Total 36 Featured) -
- Avago Technologies Inc.
- Balluff GmbH
- Hans Turck GmbH & Co. KG
- IFM Electronic Gmbh
- OMRON Corporation
- Panasonic Corporation
- Pepperl+Fuchs GmbH
- Rockwell Automation, Inc.
- Schneider Electric S.E.
- Sick AG;
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Proximity Sensors?
What is the growth rate of the Global Market for Proximity Sensors?
What is the forecasted size of the Global Market for Proximity Sensors?
Who are the key companies in the Global Market for Proximity Sensors?
| Report Attribute | Details |
|---|---|
| No. of Pages | 92 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 5.7 Billion |
| Forecasted Market Value ( USD | $ 9 Billion |
| Compound Annual Growth Rate | 5.9% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Avago Technologies Inc.
- Balluff GmbH
- Hans Turck GmbH & Co. KG
- IFM Electronic Gmbh
- OMRON Corporation
- Panasonic Corporation
- Pepperl+Fuchs GmbH
- Rockwell Automation, Inc.
- Schneider Electric S.E.
- Sick AG
