PUBLISHER: The Business Research Company | PRODUCT CODE: 1694853
PUBLISHER: The Business Research Company | PRODUCT CODE: 1694853
A proximity sensor is a contactless device that detects the presence of an object by utilizing various methods such as sound, light, infrared radiation, or electromagnetic fields. These compact sensors are integrated into tight spaces or embedded within equipment, machinery, or electronic devices without adding significant bulk or complexity.
The main product types of proximity sensor are fixed distance proximity sensor, adjustable distance proximity sensor. Fixed distance proximity sensor refers to a type of proximity sensor that has a fixed sensing range and cannot be adjusted. The various technologies include inductive, capacitive, magnetic, photoelectric, ultrasonic that are used in various applications such as conveyor systems, assembly line automation, anti-aircraft warfare, parking sensor systems, roller coasters, others and also by various end-user industries manufacturing industry, aerospace industry, energy sector, packaging industry, others.
The main product types of proximity sensor are fixed distance proximity sensor, adjustable distance proximity sensor. Fixed distance proximity sensor refers to a type of proximity sensor that has a fixed sensing range and cannot be adjusted. The various technologies include inductive, capacitive, magnetic, photoelectric, ultrasonic that are used in various applications such as conveyor systems, assembly line automation, anti-aircraft warfare, parking sensor systems, roller coasters, others and also by various end-user industries manufacturing industry, aerospace industry, energy sector, packaging industry, others.
The proximity sensor market size has grown strongly in recent years. It will grow from $5.28 billion in 2024 to $5.71 billion in 2025 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to safety and security, efficiency and productivity, miniaturization and integration, quality control and inspection, consumer electronics demand.
The proximity sensor market size is expected to see strong growth in the next few years. It will grow to $7.84 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to IoT and smart infrastructure, rise of autonomous vehicles, healthcare and biomedical applications, supply chain optimization, urbanization and smart retail, energy efficiency initiatives, demand for touchless interfaces. Major trends in the forecast period include increasing adoption of non-contact sensing technologies, growth in automotive applications, demand surge in consumer electronics, integration with internet of things (IoT), expansion of industrial automation, development of advanced materials, enhanced sensitivity and accuracy, integration with gesture recognition,.
The increasing demand for automation is expected to drive the growth of the proximity sensor market in the coming years. Automation refers to the use of technology, machinery, or systems to carry out tasks with minimal human involvement. This demand is rising due to factors like the need for improved efficiency, safety, productivity, and energy savings across various industries. Proximity sensors play a key role by enabling accurate detection and measurement of objects without direct contact, which is crucial for effective automation. For example, in April 2024, the International Federation of Robotics, based in Germany, reported a 12% increase in industrial robot installations, with 44,303 units installed in 2023. As industries continue to adopt automation and industrial IoT solutions, the demand for proximity sensors is expected to grow. Consequently, the rising demand for automated systems is fueling the expansion of the proximity sensor market.
Major companies operating in the proximity sensor market are developing technologically innovative products, such as high-resolution Time-of-Flight sensors with advanced 3D depth imaging, to sustain their position in the market. These sensors utilize different principles to detect the presence or absence of an object within a specific range without physical contact. Companies are exploring the integration of these sensors with IoT (Internet of Things) technologies, enabling remote monitoring and control of devices and developing AI-driven algorithms to enhance sensor accuracy and reliability. For instance, in February 2022, STMicroelectronics., a Switzerland-based technology company, announced a new family of high-resolution Time-of-Flight sensors that bring advanced 3D depth imaging to smartphones and other devices. This 4th generation of Flight Sense sensors offers a multi-zone ranging sensor capable of creating a 64-zone mini-depth map up to 4 meters. Integrating innovative proximity sensor technologies into IoT devices heralds a new era of enhanced accuracy and remote capabilities, shaping the future of smart device interaction.
In August 2023, Allegro MicroSystems, a UK-based sensor and power integrated circuits (ICs) and photonics provider, acquired Crocus Technology for $250 million. This acquisition strengthens Allegro's leading position in the magnetic sensing market and is anticipated to solidify the company as a leading TMR semiconductor company. The acquisition is also expected to bring combined value to the market, particularly in e-mobility, clean energy, and automation. Crocus Technology is a US-based company providing advanced tunnel magnetoresistance (TMR) sensor technology solutions.
Major companies operating in the proximity sensor market are Panasonic Corporation, Schneider Electric, Qualcomm Technologies Inc., Honeywell International Inc., Broadcom Inc., Hewlett Packard Enterprise Development LP, ST Microelectronics NV, NXP Semiconductors N.V., Delta Electronics Inc., Rockwell Automation, Omron Corporation, Keyence Corporation, Vishay Semiconductors, IFM Electronic GmbH, SICK AG, Semtech Corporation, Pepperl + Fuchs GmbH, Kaman Corporation, Balluff GmbH, Robert Bosch GmbH, Riko Opto-electronics Technology Co. Ltd., Fargo Controls, Lion Precision Inc., Hans Turck GmbH & Co. KG, Avago Technologies Inc.
North America was the largest region in the proximity sensors market in 2024. The regions covered in the proximity sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the proximity sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The proximity sensor market consists of sales of capacitive sensors, inductive sensors, photoelectric sensors, ultrasonic sensors, and magnetic 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.
Proximity Sensor Global Market Report 2025 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 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 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 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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.