Capacitive Proximity Sensor Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The capacitive proximity sensor market is expected to grow at a CAGR of 7.21% over the forecast period. The increasing trend of automation in manufacturing and process industries, along with the paradigm shift of the automotive industry towards autonomy and electrification, is expected to drive the capacitive proximity sensor's market growth during the forecast period.
Key HighlightsThe capacitive proximity sensor market is moderately fragmented due to growing competition among the players. These market players are adopting strategies such as product launches, technological advancement, mergers and acquisitions, and others to compete in the global market. Some significant players include Rockwell Automation, Omron Corporation, Honeywell International Inc., Pepperl + Fuchs GmbH, and Fargo Controls Inc., among others.
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