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Proximity and Displacement Sensors Market By Type, End User: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 230 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640373
The global proximity and displacement sensor market size was valued at $5.89 billion in 2020, and is projected to reach $14.85 billion by 2030, registering a CAGR of 9.8% from 2021 to 2030.

The proximity and displacement sensors market consists of large number of suppliers providing various proximity and displacement sensors. The key players, such as Ifm Electronic GmbH, Kaman Corporation, Keyence Corporation, Omron Corporation, Balluff GmbH, and Eaton provide sensor products globally. Apart from big players, plenty of local players provide these products in their respective regions.

Expanding application along with shift toward automation of processes increases the demand for sensors in every industrial sector. Thus, allowing buyers to purchase products in higher volume. Buyers, such as manufacturing companies, automotive companies, and paper & pulp industries focus on procuring necessary sensors rather than developing the same in-house, thereby lowering the threat of their backward integration. The sensor suppliers focus on product differentiation strategies as well as enhancing product offerings.

In the automobile industry, manufacturers focus on developing smart infotainment and vehicle security system for cars. Proximity and displacement sensors are used for these purposes since decades. Application range for sensors in automobile increases with improved R&D efforts by automobile manufacturers. Presently, as a convenience and security measure, these sensors are used in intelligent parking systems and ground proximity warning systems.

The proximity and displacement sensor market is segmented into type, end user, and region. Depending on type, it is segregated into inductive, photoelectric, capacitive, magnetic, LVDT, and ultrasonic sensors. On the basis of end user, it is classified into automotive, pharmaceutical, pulp & paper, food & beverages, manufacturing, elevators & escalators, and metals & mining. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA along with its prominent countries.

The prominent players in the market are IFM Electronics GmbH, Kaman Corporation, Keyence Corporation, Lion Precision, Micron Optics, Inc., Omron Corporation, Panasonic Corporation, Pepperl+Fuchs, Standex-Meder Electronics Inc., and Turck Inc. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the proximity and displacement sensor market analysis from 2020 to 2030 to identify the prevailing proximity and displacement sensor market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the proximity and displacement sensor market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global proximity and displacement sensor market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments


By Type

  • Inductive Sensor
  • Photoelectric Sensor
  • Capacitive Sensor
  • Ultrasonic Sensor
  • Magnetic Sensor
  • Lvdt Sensor
  • Others

By End User

  • Automotive
  • Healthcare
  • Manufacturing
  • Food And Beverage
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Omron Corporation
  • IFM Electronics GmbH
  • Kaman Corporation
  • Keyence Corporation
  • Lion Precision
  • Micron Optics Inc.
  • Panasonic Corporation
  • Pepperl+Fuchs
  • Standex-Meder Electronics Inc.
  • Turck Inc.
Frequently Asked Questions about the Global Proximity and Displacement Sensor Market

What is the estimated value of the Global Proximity and Displacement Sensor Market?

The Global Proximity and Displacement Sensor Market was estimated to be valued at $5.89 billion in 2020.

What is the growth rate of the Global Proximity and Displacement Sensor Market?

The growth rate of the Global Proximity and Displacement Sensor Market is 9.7%, with an estimated value of $14.85 billion by 2030.

What is the forecasted size of the Global Proximity and Displacement Sensor Market?

The Global Proximity and Displacement Sensor Market is estimated to be worth $14.85 billion by 2030.

Who are the key companies in the Global Proximity and Displacement Sensor Market?

Key companies in the Global Proximity and Displacement Sensor Market include Omron Corporation, IFM Electronics GmbH, Kaman Corporation, Keyence Corporation, Lion Precision, Micron Optics Inc., Panasonic Corporation, Pepperl+Fuchs and Meder Electronics Inc..

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: PROXIMITY AND DISPLACEMENT SENSOR MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Inductive Sensor
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Photoelectric Sensor
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Capacitive Sensor
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Ultrasonic Sensor
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Magnetic Sensor
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7 Lvdt Sensor
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country
4.8 Others
4.8.1 Key market trends, growth factors and opportunities
4.8.2 Market size and forecast, by region
4.8.3 Market analysis by country
CHAPTER 5: PROXIMITY AND DISPLACEMENT SENSOR MARKET, BY END USER
5.1 Overview
5.1.1 Market size and forecast
5.2 Automotive
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Healthcare
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Manufacturing
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Food And Beverage
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market analysis by country
CHAPTER 6: PROXIMITY AND DISPLACEMENT SENSOR MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Type
6.2.3 North America Market size and forecast, by End User
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Type
6.2.4.1.2 Market size and forecast, by End User
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Type
6.2.4.2.2 Market size and forecast, by End User
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Type
6.2.4.3.2 Market size and forecast, by End User
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Type
6.3.3 Europe Market size and forecast, by End User
6.3.4 Europe Market size and forecast, by country
6.3.4.1 U.K.
6.3.4.1.1 Market size and forecast, by Type
6.3.4.1.2 Market size and forecast, by End User
6.3.4.2 Germany
6.3.4.2.1 Market size and forecast, by Type
6.3.4.2.2 Market size and forecast, by End User
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Type
6.3.4.3.2 Market size and forecast, by End User
6.3.4.4 Rest of Europe
6.3.4.4.1 Market size and forecast, by Type
6.3.4.4.2 Market size and forecast, by End User
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Type
6.4.3 Asia-Pacific Market size and forecast, by End User
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Type
6.4.4.1.2 Market size and forecast, by End User
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Type
6.4.4.2.2 Market size and forecast, by End User
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Type
6.4.4.3.2 Market size and forecast, by End User
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Type
6.4.4.4.2 Market size and forecast, by End User
6.4.4.5 Rest Of Asia Pacific
6.4.4.5.1 Market size and forecast, by Type
6.4.4.5.2 Market size and forecast, by End User
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Type
6.5.3 LAMEA Market size and forecast, by End User
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Market size and forecast, by Type
6.5.4.1.2 Market size and forecast, by End User
6.5.4.2 Middle East
6.5.4.2.1 Market size and forecast, by Type
6.5.4.2.2 Market size and forecast, by End User
6.5.4.3 Africa
6.5.4.3.1 Market size and forecast, by Type
6.5.4.3.2 Market size and forecast, by End User
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Omron Corporation
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 IFM Electronics GmbH
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Kaman Corporation
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 KEYENCE CORPORATION
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Lion Precision
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Micron Optics
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Panasonic Corporation
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Pepperl+Fuchs
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Standex-Meder Electronics Inc
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Turck Inc
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 2. Proximity and Displacement Sensor Market Revenue, for Inductive Sensor, by Region, 2020-2030, ($Million)
Table 3. Proximity and Displacement Sensor Market for Inductive Sensor by Country, 2020-2030, ($Million)
Table 4. Proximity and Displacement Sensor Market Revenue, for Photoelectric Sensor, by Region, 2020-2030, ($Million)
Table 5. Proximity and Displacement Sensor Market for Photoelectric Sensor by Country, 2020-2030, ($Million)
Table 6. Proximity and Displacement Sensor Market Revenue, for Capacitive Sensor, by Region, 2020-2030, ($Million)
Table 7. Proximity and Displacement Sensor Market for Capacitive Sensor by Country, 2020-2030, ($Million)
Table 8. Proximity and Displacement Sensor Market Revenue, for Ultrasonic Sensor, by Region, 2020-2030, ($Million)
Table 9. Proximity and Displacement Sensor Market for Ultrasonic Sensor by Country, 2020-2030, ($Million)
Table 10. Proximity and Displacement Sensor Market Revenue, for Magnetic Sensor, by Region, 2020-2030, ($Million)
Table 11. Proximity and Displacement Sensor Market for Magnetic Sensor by Country, 2020-2030, ($Million)
Table 12. Proximity and Displacement Sensor Market Revenue, for Lvdt Sensor, by Region, 2020-2030, ($Million)
Table 13. Proximity and Displacement Sensor Market for Lvdt Sensor by Country, 2020-2030, ($Million)
Table 14. Proximity and Displacement Sensor Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 15. Proximity and Displacement Sensor Market for Others by Country, 2020-2030, ($Million)
Table 16. Global Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 17. Proximity and Displacement Sensor Market Revenue, for Automotive, by Region, 2020-2030, ($Million)
Table 18. Proximity and Displacement Sensor Market for Automotive by Country, 2020-2030, ($Million)
Table 19. Proximity and Displacement Sensor Market Revenue, for Healthcare, by Region, 2020-2030, ($Million)
Table 20. Proximity and Displacement Sensor Market for Healthcare by Country, 2020-2030, ($Million)
Table 21. Proximity and Displacement Sensor Market Revenue, for Manufacturing, by Region, 2020-2030, ($Million)
Table 22. Proximity and Displacement Sensor Market for Manufacturing by Country, 2020-2030, ($Million)
Table 23. Proximity and Displacement Sensor Market Revenue, for Food and Beverage, by Region, 2020-2030, ($Million)
Table 24. Proximity and Displacement Sensor Market for Food and Beverage by Country, 2020-2030, ($Million)
Table 25. Proximity and Displacement Sensor Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 26. Proximity and Displacement Sensor Market for Others by Country, 2020-2030, ($Million)
Table 27. Proximity and Displacement Sensor Market, by Region, 2020-2030, ($Million)
Table 28. North America Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 29. North America Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 30. North America Proximity and Displacement Sensor Market, by Country, 2020-2030, ($Million)
Table 31. U.S. Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 32. U.S. Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 33. Canada Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 34. Canada Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 35. Mexico Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 36. Mexico Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 37. Europe Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 38. Europe Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 39. Europe Proximity and Displacement Sensor Market, by Country, 2020-2030, ($Million)
Table 40. U.K. Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 41. U.K. Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 42. Germany Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 43. Germany Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 44. France Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 45. France Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 46. Rest of Europe Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 47. Rest of Europe Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 48. Asia-Pacific Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 49. Asia-Pacific Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 50. Asia-Pacific Proximity and Displacement Sensor Market, by Country, 2020-2030, ($Million)
Table 51. China Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 52. China Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 53. Japan Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 54. Japan Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 55. India Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 56. India Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 57. South Korea Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 58. South Korea Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 59. Rest of Asia-Pacific Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 60. Rest of Asia-Pacific Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 61. LAMEA Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 62. LAMEA Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 63. LAMEA Proximity and Displacement Sensor Market, by Country, 2020-2030, ($Million)
Table 64. Latin America Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 65. Latin America Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 66. Middle East Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 67. Middle East Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 68. Africa Proximity and Displacement Sensor Market, by Type, 2020-2030, ($Million)
Table 69. Africa Proximity and Displacement Sensor Market, by End-user, 2020-2030, ($Million)
Table 70. Omron Corporation: Company Snapshot
Table 71. Omron Corporation: Operating Segments
Table 72. Omron Corporation: Product Portfolio
Table 73. Omron Corporation: Net Sales
Table 74. Omron Corporation: Key Stratergies
Table 75. Ifm Electronics GmbH: Company Snapshot
Table 76. Ifm Electronics GmbH: Operating Segments
Table 77. Ifm Electronics GmbH: Product Portfolio
Table 78. Ifm Electronics GmbH: Net Sales
Table 79. Ifm Electronics GmbH: Key Stratergies
Table 80. Kaman Corporation: Company Snapshot
Table 81. Kaman Corporation: Operating Segments
Table 82. Kaman Corporation: Product Portfolio
Table 83. Kaman Corporation: Net Sales
Table 84. Kaman Corporation: Key Stratergies
Table 85. Keyence Corporation: Company Snapshot
Table 86. Keyence Corporation: Operating Segments
Table 87. Keyence Corporation: Product Portfolio
Table 88. Keyence Corporation: Net Sales
Table 89. Keyence Corporation: Key Stratergies
Table 90. Lion Precision: Company Snapshot
Table 91. Lion Precision: Operating Segments
Table 92. Lion Precision: Product Portfolio
Table 93. Lion Precision: Net Sales
Table 94. Lion Precision: Key Stratergies
Table 95. Micron Optics: Company Snapshot
Table 96. Micron Optics: Operating Segments
Table 97. Micron Optics: Product Portfolio
Table 98. Micron Optics: Net Sales
Table 99. Micron Optics: Key Stratergies
Table 100. Panasonic Corporation: Company Snapshot
Table 101. Panasonic Corporation: Operating Segments
Table 102. Panasonic Corporation: Product Portfolio
Table 103. Panasonic Corporation: Net Sales
Table 104. Panasonic Corporation: Key Stratergies
Table 105. Pepperl+Fuchs: Company Snapshot
Table 106. Pepperl+Fuchs: Operating Segments
Table 107. Pepperl+Fuchs: Product Portfolio
Table 108. Pepperl+Fuchs: Net Sales
Table 109. Pepperl+Fuchs: Key Stratergies
Table 110. Standex-Meder Electronics Inc: Company Snapshot
Table 111. Standex-Meder Electronics Inc: Operating Segments
Table 112. Standex-Meder Electronics Inc: Product Portfolio
Table 113. Standex-Meder Electronics Inc: Net Sales
Table 114. Standex-Meder Electronics Inc: Key Stratergies
Table 115. Turck Inc: Company Snapshot
Table 116. Turck Inc: Operating Segments
Table 117. Turck Inc: Product Portfolio
Table 118. Turck Inc: Net Sales
Table 119. Turck Inc: Key Stratergies
LIST OF FIGURES
Figure 1. Proximity and Displacement Sensor Market Segmentation
Figure 2. Proximity and Displacement Sensor Market, 2020-2030
Figure 3. Proximity and Displacement Sensor Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Proximity and Displacement Sensor Market:Drivers, Restraints and Opportunities
Figure 12. Proximity and Displacement Sensor Market, by Type, 2020 (%)
Figure 13. Comparative Share Analysis of Inductive Sensor Proximity and Displacement Sensor Market, 2020-2030 (%)
Figure 14. Comparative Share Analysis of Photoelectric Sensor Proximity and Displacement Sensor Market, 2020-2030 (%)
Figure 15. Comparative Share Analysis of Capacitive Sensor Proximity and Displacement Sensor Market, 2020-2030 (%)
Figure 16. Comparative Share Analysis of Ultrasonic Sensor Proximity and Displacement Sensor Market, 2020-2030 (%)
Figure 17. Comparative Share Analysis of Magnetic Sensor Proximity and Displacement Sensor Market, 2020-2030 (%)
Figure 18. Comparative Share Analysis of Lvdt Sensor Proximity and Displacement Sensor Market, 2020-2030 (%)
Figure 19. Comparative Share Analysis of Others Proximity and Displacement Sensor Market, 2020-2030 (%)
Figure 20. Proximity and Displacement Sensor Market, by End-user, 2020 (%)
Figure 21. Comparative Share Analysis of Automotive Proximity and Displacement Sensor Market, 2020-2030 (%)
Figure 22. Comparative Share Analysis of Healthcare Proximity and Displacement Sensor Market, 2020-2030 (%)
Figure 23. Comparative Share Analysis of Manufacturing Proximity and Displacement Sensor Market, 2020-2030 (%)
Figure 24. Comparative Share Analysis of Food and Beverage Proximity and Displacement Sensor Market, 2020-2030 (%)
Figure 25. Comparative Share Analysis of Others Proximity and Displacement Sensor Market, 2020-2030 (%)
Figure 26. Proximity and Displacement Sensor Market by Region, 2020
Figure 27. U.S. Proximity and Displacement Sensor Market, 2020-2030 ($Million)
Figure 28. Canada Proximity and Displacement Sensor Market, 2020-2030 ($Million)
Figure 29. Mexico Proximity and Displacement Sensor Market, 2020-2030 ($Million)
Figure 30. U.K. Proximity and Displacement Sensor Market, 2020-2030 ($Million)
Figure 31. Germany Proximity and Displacement Sensor Market, 2020-2030 ($Million)
Figure 32. France Proximity and Displacement Sensor Market, 2020-2030 ($Million)
Figure 33. Rest of Europe Proximity and Displacement Sensor Market, 2020-2030 ($Million)
Figure 34. China Proximity and Displacement Sensor Market, 2020-2030 ($Million)
Figure 35. Japan Proximity and Displacement Sensor Market, 2020-2030 ($Million)
Figure 36. India Proximity and Displacement Sensor Market, 2020-2030 ($Million)
Figure 37. South Korea Proximity and Displacement Sensor Market, 2020-2030 ($Million)
Figure 38. Rest of Asia-Pacific Proximity and Displacement Sensor Market, 2020-2030 ($Million)
Figure 39. Latin America Proximity and Displacement Sensor Market, 2020-2030 ($Million)
Figure 40. Middle East Proximity and Displacement Sensor Market, 2020-2030 ($Million)
Figure 41. Africa Proximity and Displacement Sensor Market, 2020-2030 ($Million)
Figure 42. Top Winning Strategies, by Year
Figure 43. Top Winning Strategies, by Development
Figure 44. Top Winning Strategies, by Company
Figure 45. Product Mapping of Top 10 Players
Figure 46. Competitive Dashboard
Figure 47. Competitive Heatmap of Top 10 Key Players
Figure 48. Omron Corporation.: Net Sales, ($Million)
Figure 49. Ifm Electronics GmbH.: Net Sales, ($Million)
Figure 50. Kaman Corporation.: Net Sales, ($Million)
Figure 51. Keyence Corporation.: Net Sales, ($Million)
Figure 52. Lion Precision.: Net Sales, ($Million)
Figure 53. Micron Optics.: Net Sales, ($Million)
Figure 54. Panasonic Corporation.: Net Sales, ($Million)
Figure 55. Pepperl+Fuchs.: Net Sales, ($Million)
Figure 56. Standex-Meder Electronics Inc.: Net Sales, ($Million)
Figure 57. Turck Inc.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Proximity and Displacement Sensors Market By Type and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030”, the proximity and displacement sensors market size was valued at $5.89 billion in 2020, and is estimated to reach $14.85 billion by 2030, growing at a CAGR of 9.8% from 2021 to 2030.

The proximity and displacement sensors market size experiences gradual growth in Asia-Pacific. The report on proximity and displacement sensors market states that the companies operating in the manufacturing of proximity and displacement sensors find the market highly complex and fragmented in nature. Presence of large number of regional players create a perfect competitive environment.

Application of proximity and displacement sensors in the development of automation systems for manufacturing add significant value to the proximity and displacement sensors market share. Advancement of mobile devices in the form of smartphones and tablets generate ample demand for proximity sensors from mobile manufacturers. Presently, the application area of wireless proximity sensors in automobile is limited to the extent of security and infotainment systems. However, the market is poised to grow in the area of assisted functionality during the forecast period.

Technological advancement in the defense sectors have largely facilitated the use of sensor-based technologies in applications, such as anti-aircraft warfare systems. Rise in trend of factory and process automation, increase in awareness of rationalization for optimum energy consumption, surge in popularity of contactless sensing technology, and technological improvements in the automotive security & infotainment system are major factors that drive the growth of the proximity and displacement sensors industry.

Analysis of the market based on Porter’s five-force model reveals that buyers in the market enjoy higher bargaining power compared to suppliers. Ability of buyers to switch to a new supplier in a cost effective manner reduces the bargaining power of suppliers. The market features lower threat of forward and backward integration from suppliers and buyers respectively. This leaves a moderate bargaining for buyers in the market.

COVID-19 Impact Analysis


COVID-19 has caused the overall semiconductor industry to mobilize quickly and make short-term decisions with long-term implications. Major companies operate in a complex ecosystem, working across the value chain with numerous raw materials, assembly, test, package, and equipment suppliers & partners across the region.

Demand from the IT & telecommunication segment is expected to increase, owing to factors such as rise in broadband usage, increase in demand for cloud services, and surge in video streaming. In addition, in the medium to long term, COVID-19 is expected to further push the need for digital transformation and technologies, such as 5G, Internet of Things (IoT), Artificial intelligence (AI), and intelligent edge computing for future optimization.

Some of the proximity and displacement sensor manufacturers witnessed temporary delays in production, increased costs, and revenue losses due to the pandemic.

The manufacturing sector witnessed severe loss, and thus, no new orders were placed during the pandemic. In addition, this impact was estimated to continue till 2021. Moreover, international consumer electronics and proximity and displacement sensor market trends are in a very weak state, owing to lockdowns imposed to tackle the pandemic. Although the markets in the U.S. and Europe witnessed mild recovery in the second half of 2020, they are still significantly down on pre-crisis levels. Therefore, proximity and displacement sensors market growth faced major obstacles due to the emergence of COVID-19 pandemic.

Key findings of the Study

  • By type, inductive sensor segment accounted for the highest revenue in 2020 at a CAGR of 6.3% during 2021 to 2030.
  • By end user, manufacturing segment will dominate the proximity and displacement sensors market throughout the forecast period.
  • Asia-Pacific region will contribute the highest market share with a notable CAGR of 10.5% during the forecast period.
The key players profiled in the report include Omron Corporation, IFM Electronics GmbH, Kaman Corporation, Keyence Corporation, Lion Precision, Micron Optics Inc., Panasonic Corporation, Pepperl+Fuchs, Standex-Meder Electronics Inc., and Turck Inc. These market players have adopted various strategies, such as product launch, collaboration & partnership, joint venture, and acquisition, to expand their foothold in the industry.

Companies Mentioned

  • Omron Corporation
  • IFM Electronics GmbH
  • Kaman Corporation
  • Keyence Corporation
  • Lion Precision
  • Micron Optics Inc.
  • Panasonic Corporation
  • Pepperl+Fuchs
  • Standex-Meder Electronics Inc.
  • Turck Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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