Global Proximity Sensors Market Report -By Sensors Type(Inductive, Photoelectric, Capacitive, Ultrasonic, Magnetic, LVDT ), By Application ( Conveyor systems, Assembly line automation, Anti-aircraft warfare, Parking Sensor Systems, Roller coasters), By Product Type (Fixed & Adjustable Distance)

Global Proximity Sensors Market Outlook 2017-2025

Proximity sensors work like a position sensor that determines the movement of the objects with the area of proximity sensor. Proximity sensors market is driven by its increasing application in manufacturing and packaging industries on the back of increasing automation and achieving efficiency. Moreover, in near future the advancing technologies such as autonomous vehicles and wearable technologies are expected to open wide opportunities in the use of proximity sensors. Goldstein Research analyst forecast that the global proximity sensors market is set to harness market revenue of USD 6.8 billion by 2025 growing at a CAGR of 7.6% over the forecast period (2017-2025). Further, the industrial automation is the most lucrative segment for the application of proximity sensors. The adoption of robots, automated machines and automating each process is propelling the R&D of innovative & advanced proximity sensors. But the cost of implementing proximity sensors for automation purpose has a high cost that deems to restrain the growth of the market.

Global Proximity Sensors Market Segmentation

By Sensors Type

• Inductive
• Photoelectric
• Capacitive
• Ultrasonic
• Magnetic
• Others (Force Sensor, etc.)

Based on sensors type, photoelectric type of sensor accounted for largest market share of 24.0%, which is closely followed by inductive sensors. Photoelectric sensors have high application across multiple industries such as manufacturing industry that renders high revenue share to the total market.

By Product Type

• Fixed Distance Proximity Sensor
• Adjustable Distance Proximity Sensor

By Application

• Conveyor systems
• Assembly line automation
• Anti-aircraft warfare
• Parking Sensor Systems
• Roller coasters
• Others (Ground Proximity Warning System, etc.)

By End-Use Industry

• Manufacturing Industry
• Aerospace Industry
• Energy Sector
• Packaging  Industry
• Others

By Geography

• North America (U.S. & Canada)  Proximity Sensors Market {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest Of Latin America)  Proximity Sensors Market {Market Share (%), Market Size (USD Billion)}
• Europe (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & Roe)  Proximity Sensors Market {Market Share (%), Market Size (USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest Of Asia)  Proximity Sensors Market {Market Share (%), Market Size (USD Billion)}
• Middle East & Africa (GCC, South Africa, North Africa, Romea) Proximity Sensors Market {Market Share (%), Market Size (USD Billion)}

Based on geography, Asia Pacific region accounted for largest revenue share of nearly 35% in 2017 of the global proximity sensors market on the back of high industrial development activities in the region in terms of processes and automation. Asia Pacific is closely followed by North America due to presence of top companies in the manufacturing and innovation of the proximity sensors.

Covered In This Global Proximity Sensors Market Report           

The report covers the present ground scenario and the future growth prospects of the proximity sensors market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Global region.

Global Proximity Sensors Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the Global proximity sensors market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Global Proximity Sensors Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our Global proximity sensors market report comprises of the following companies as the key players: Honeywell International, Inc., NXP semiconductors N.V., Qualcomm Technologies, Inc., STMicroelectronics N.V., NXP semiconductors N.V., Robert Bosch GmbH, Hewlett Packard Enterprise Development LP, ifm electronics gmbh, Kaman Corporation, Keyence Corporation, Lion Precision Inc., Micron Optics, Inc., Omron Corporation, Panasonic Corporation, Pepperl+Fuchs, Standex-Meder Electronics Inc., Turck Inc., etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Global Proximity Sensors Market Report

• What is the total market size by 2025 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for global proximity sensors market
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• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects