PUBLISHER: The Business Research Company | PRODUCT CODE: 1526911
PUBLISHER: The Business Research Company | PRODUCT CODE: 1526911
A capacitive proximity sensor operates through non-contact means, detecting objects by gauging alterations in capacitance prompted by the object's dielectric properties. Utilizing an electrostatic field, it identifies objects sans physical interaction, rendering it adaptable for a range of applications including industrial automation and robotics.
Capacitive proximity sensors encompass various types, including touch sensors, motion sensors, position sensors, and others. Touch sensors are electronic devices detecting and registering physical touch, doubling as switches by interrupting an electrical circuit upon contact, thus facilitating current flow. Their applications span object detection, level sensing, touch controls, proximity sensing, and others, catering to industries such as automotive, manufacturing, consumer electronics, food and beverage, pharmaceuticals, among others.
The capacitive proximity sensor market research report is one of a series of new reports from The Business Research Company that provides capacitive proximity sensor market statistics, including the capacitive proximity sensor industry global market size, regional shares, competitors with the capacitive proximity sensor market share, detailed capacitive proximity sensor market segments, market trends, and opportunities, and any further data you may need to thrive in the capacitive proximity sensor industry. These capacitive proximity sensor market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The capacitive proximity sensor market size has grown strongly in recent years. It will grow from $1.99 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth witnessed in the historical period can be credited to the emergence of smartphones, tablets, and other touch-enabled gadgets, the expansion of the automation sector, the surge in industrialization, escalating demand for sensing equipment, and the growing utilization of robots.
The capacitive proximity sensor market size is expected to see strong growth in the next few years. It will grow to $3.11 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to the widespread adoption of IoT devices, the ascent of smart home technologies, the proliferation of 5G technologies, the surge in electric and autonomous vehicles, and the escalation of smart city initiatives. Prominent trends anticipated in the forecast period include advancements in sensor design, the evolution of smaller and more compact sensors, their integration with IoT systems, the development of touchless interfaces, and the incorporation of artificial intelligence and machine learning.
The increasing industrial automation is anticipated to drive the growth of the capacitive proximity sensors market in the future. Industrial automation involves using robotics, machines, and control systems to perform tasks that humans traditionally did, thereby boosting productivity, quality, and safety across various industries. This rise in industrial automation is due to efficiency improvements, cost reduction, enhanced safety, and the growing adoption of IoT technologies. Capacitive proximity sensors are essential in industrial automation for detecting the presence or absence of objects, such as in level sensing, object detection, position detection, and liquid level detection, regardless of the material composition. For example, a January 2022 survey by Camunda, a Germany-based open-source platform, involving 600 IT professionals from North America and Europe, found that over 82% of respondents considered process automation a higher priority for their organizations compared to the previous year. Thus, the growth in industrial automation is fueling the expansion of the capacitive proximity sensor market.
Leading companies in the capacitive sensors market are concentrating on developing sensors for touchless control, such as non-contact capacitive sensors, to better cater to customer needs. A non-contact capacitive proximity sensor detects the presence or absence of almost any object, irrespective of material, using an electrostatic field to measure changes in capacitance without physical contact. For instance, in November 2023, Balluff GmbH, a Germany-based industrial automation technology company, introduced the BCS01AJ, a new capacitive sensor with IO-Link communication technology. These cuboid sensors can be mounted on the exterior of containers for upper-level and lower-level detection. They can detect non-conductive substances through plastic and glass up to 6 mm thick, and when integrated with IO-Link, they offer level detection, diagnostic insights, and the ability for parameter adjustments via the IO-Link protocol.
In March 2024, Sentech Inc., a US-based manufacturer of position and proximity sensors, acquired the assets of Xensor LLC for an undisclosed amount. This acquisition emphasizes Sentech's commitment to expanding its industrial portfolio and providing comprehensive solutions to its global customer base. Xensor LLC, a US-based developer and manufacturer of motion sensors, produces a full line of conductive proximity sensors for standard and custom applications.
Major companies operating in the capacitive proximity sensor market are Panasonic Corporation, Honeywell International Inc., Fujitsu Limited, Eaton Corporation plc, STMicroelectronics NV, Infineon Technologies AG, Renesas Electronics Corporation, Microchip Technology Inc., Rockwell Automation Inc., Omron Corporation, YAGEO Corporation, Vishay Intertechnology Inc., IFM Electronic GmbH, Sick AG, Synaptics Incorporated, Hans Turck GmbH & Co. KG, Pepperl + Fuchs GmbH, Balluff GmbH, Carlo Gavazzi Holding AG, Fargo Controls Inc.
Asia-Pacific was the largest region in the capacitive proximity sensor market in 2023. The regions covered in the capacitive proximity sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the capacitive proximity sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The capacitive proximity sensor market consists of sales of cylindrical capacitive proximity sensors, rectangular capacitive proximity sensors, and flat capacitive proximity sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Capacitive Proximity Sensor Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on capacitive proximity sensor market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for capacitive proximity sensor ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The capacitive proximity sensor market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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