Press release
Proximity Sensor Market In 2021-2026 Including Top Key Players, Trends And Emerging Growth Factors
The Proximity Sensor Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Proximity Sensor market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Proximity Sensor market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Proximity Sensor market.The proximity sensor market was valued at USD 3790.5 million in 2020 and is expected to reach USD 5761.12 million by 2026 and grow at a CAGR of 7.3% over the forecast period (2021 - 2026).
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Top Leading Companies of Proximity Sensor Market are - Panasonic Corporation, Riko Opto-electronics Technology Co. Ltd, SICK AG, ST Microelectronics NV, Delta Electronics Inc., Autonics Corporation, Datalogic SpA, OMRON Corporation, Rockwell Automation Inc., Pepperl+Fuchs GmbH, Keyence Corporation, Honeywell International Inc. and others.
Industry News and Updates:
- Apr 2019 - SICK AG partnered with a software solution provider, AutoCoding Systems (ACS). This partnership may enable SICK to provide customers with a combined package of SICK’s sensor technology and ACS’s software platform.
- Jan 2019 - Sensor manufacturer, Ams launched a new in-display ambient light and proximity sensor solution for smartphones equipped with OLED displays, which essentially makes those modules invisible. The TCS3701 senses the light that passes through the display and using unique algorithms. The sensor can detect ambient light levels accurately without any information regarding the display pixel brightness above the sensor.
Key Market Trends:
Automotive Industry is Expected to Hold the Largest Market Share
- The touch-free user interface is driving the adoption of proximity sensors in automotive applications. Applications, where these sensors can be used in automotive, include infotainment system, keyless entry system, 3D gesture, and interior lighting control.
- In the parking assistance system, these sensors can detect the presence of objects in the pathway of the reversing vehicle and can raise the alarm to warn the driver. Proximity sensors also prevent collision with pedestrians while parking.
North America to Witness a Significant Growth
- Inductive proximity sensors are used majorly in the industrial and automotive segments. These sensors are set to witness an increased growth rate in these industries, as they are cheaper and efficient, and industries, like automotive, require such technologies to match the growing consumer demand.
- The industrial applications of proximity sensors need a robust structure to sustain harsh environment. North America is one of the largest markets for industrial automation that involves in integrating the latest technological advancements.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Proximity Sensor Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Proximity Sensor Market (%),2016 - 2026
- Proximity Sensor Market Share, By Brand
- Proximity Sensor Market Share, By Company
- Proximity Sensor Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Proximity Sensor Market Value Analysis & Forecast
- Promising Proximity Sensor Development by Major Companies
- Detailed Proximity Sensor Portfolio of the Major Companies
- Major Deals in the Proximity Sensor Market
- Major Companies Analysis
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https://www.marketinsightsreports.com/reports/02082591748/proximity-sensor-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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