The basic use of a proximity sensor or switch is to detect the existence of any non-metallic or metallic items from a particular distance without the requirementof any physical contact. These sensors offer excellent results in detecting objects without any kind of difficulties. Proximity switches or sensors are available with N.O. or N.C. functions, with PNP or NPN switching outputs, and plug or cable connection. Extensive application of proximity sensors or switches in varioussectors such as automobile, food & beverage, consumer electronics and others isexpected to propel the market growth during the forecast period of 2017-2025.
Wide use of proximity switches or sensors in consumer electronics, industrial application and automobiles, is the key factor propelling the growth of the market. Moreover, growing awareness among individuals regarding safety systems has raised the implementation of proximity sensors in automobiles. In addition to this, increasing need for precise detection in automobiles in-order to avert collisions is further estimated to make a positive impact on the growth of the global proximity switches or sensors market. In recent years, rising demand for secure transportation of commodities or commercial goods across the globe, has led the manufacturers in the transportation industry to implement proximity sensors or switches in ships, trucks and airplanes. Moving forward, the capacity of proximity sensors or switches to work in extreme conditions such as high temperature and humidity, further creates an ample growth opportunity of the market in the next few years. Further down, huge investment by leading vendors in the research & development sector in-order to advent new technologies, makes the proximity switches or sensors market more demanding in near future.
Major applications of proximity switches or sensors market mentioned in the report includes aerospace & defense, industrial, automotive, food & beverage, consumer electronics, pharmaceutical and others. Moreover,based on technology the market has been further divided as inductive, capacitive, LVDT, ultrasonic and photoelectric. The global proximity switches or sensors market is further bifurcated by type which includes vibration monitoring, parking sensor, conveyor systems, assembly lines and others. Further down, the market is analyzed as chip type that includes single chip and multi-chip. The global proximity switches or sensors market has been moreover segmented geographically into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America.
Rising economic growth of emerging countries such as South Korea, China and India is provoking the demand for proximity sensors in the Asia-Pacific region. Moreover, huge production and sales of automobilesand smart electronic devices in this region, makes Asia-Pacific the largest market of proximity switches or sensors. Moving forward, Europeand North-America is witnessing a slower growth rate in the proximity switches or sensors market as compared to Asia-Pacific. Large number of well-known automotive industries present in countries like Germany and Italy, makes the proximity switches or sensors market more demanding in Europe. Additionally, huge demand of proximity sensors in the industrial and automotive application coupled with the increasing use of smart devices, further makes the market demanding in Middle East & Africa and Latin-America region over the period 2017-2025.
Some of the major players in the global proximity switches or sensors marketinclude Omron Corporation, Honeywell International Inc., Panasonic Corporation, IFM Electronic GmbH, Schneider Electric among others.
Global Proximity Switches/Sensors Market: By Technology
Global Proximity Switches/Sensors Market: By Type
Global Proximity Switches/Sensors Market: By Applications
Global Proximity Switches/Sensors Market: By Chip Type
Global Proximity Switches/Sensors Market: By Geography