Proximity and Displacement Sensors Market By Type (Inductive Sensor, Photoelectric Sensor, Capacitive Sensor, Ultrasonic Sensor, Magnetic Sensor, LVDT Sensor, and Others), End User (Automotive, Healthcare, Manufacturing, Food and Beverage, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
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.
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