Lucintel’s latest market report analyzed that proximity sensor provides attractive opportunities in the aerospace & defense, automotive, building automation, consumer electronics, food & beverage, industrial, and healthcare end use industries. The proximity sensor market is expected to grow at a CAGR of 4%-6%. In this market, automotive is the largest segment by end use industry.
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Based on end use industry, the proximity sensor market is segmented into aerospace & defense, automotive, building automation, consumer electronics, food & beverage, industrial, healthcare, and others. The automotive segment accounted for the largest share of the market in 2020 and it is expected to witness the highest growth over the forecast period because touch-free user interface is driving the adoption of proximity sensors in automotive applications.
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The proximity sensor market is marked by the presence of several big and small players. Some of the prominent players offering proximity sensor include Avago Technologies, IFM Electronic GmbH, Schneider Electric, Panasonic Corporation, Balluff GmbH., Rockwell Automation, Omron Corporation, and Honeywell.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
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