Proximity Sensor Market (2024-2031): Industry Insights, SWOT Analysis, Market Size, Share, and Key Growth Factors | Rockwell Automation, Inc. SensoPartIndustriesensorik GmbH SICK spol. s r.o.

Proximity sensor market is anticipated to grow at a considerable CAGR of 7.1% during the forecast period (2024-2031). Proximity sensors have wide implications in security systems, industrial conveying systems, automation, robotics, and other industries. Its demand is growing due to technological advancement and use of sensing technology in industries such as defense, healthcare, pharmaceuticals, aerospace and other industries for threat detection, measurement, data transmission and monitoring physical movements.

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The global economy is shifting towards automation and smart cities with the integration of smart systems such as traffic management systems, fleet tracking, and wireless sensors for infrastructure management, multifunctional robots, and AR-public service information systems. Most smart systems are based on IoT, which consists of sensors, software, and other mechanical and digital machines. Governments are aiming to invest in IoT and sensor technology to manage traffic, infrastructure development, e-governance, and resource management. For instance, the Japanese government proposed society 5.0 in the 5thScience and Technology (2015-2025) basic plan for a future society. It aims to accumulate huge amounts of information from sensors in physical space into cyberspace. Further, this big data is analyzed by Artificial Intelligence (AI), and the analysis results are reverted to humans in physical space in various forms. Japan has set the goal of reaching $783 billion in R&D investment between the public and private sectors over the next five years, aiming to realize Society 5.0.

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• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Proximity Sensor Market by Technology
o Inductive Proximity Sensor;
o Capacitive Proximity Sensor
o Ultrasonic Proximity Sensor
o Magnetic Proximity Sensor
o Optical Proximity Sensor

Global Proximity Sensor Market by End-User
o Consumer electronics
o Pharmaceuticals
o Automotive
o Industrial
o Aerospace and Defense
o Other ( Food & Beverage)

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World
o Latin America
o The Middle East and Africa

Company Profiles
o Accent Sensor (P) Ltd.
o Autonics Corp.
o Electro-Sensors, Inc.
o Festo Inc.
o Gimatic S.R.L.
o .ifm electronic gmbh
o JTEKT ELECTRONICS COR.
o Omron Corp.
o Rockwell Automation, Inc.
o SensoPartIndustriesensorik GmbH
o SICK spol. s r.o.
o TDK Corp.
o TE Connectivity Corp
o TXC Corp.
o ZF Friedrichshafen AG

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global proximity sensor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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