Semiconductor and Electronics

Position and Proximity Sensors Market

Global Industry Analysis and Forecast 2023-2030

Pages : 120

Base Year : 2022

Released Year : November 2023

Format :Pdf Ppt Xls

Report ID:KR277

Author : Shreya S.

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Base Year

2022

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Forecast Year

2023-2030

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Historical Years

2018-2021

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Market Value (2022)

USD 4.71 Billion

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Forecasted Value (2030)

USD 13.43 Billion

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CAGR (2023 – 2030)

13.90%

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Fastest Growing Region

Asia Pacific

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Largest Region

North America

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By Type

Help Desk Services, ITIL / ITSM Services, Customer Support Services

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By Application

SMEs, Large Enterprises


Position and Proximity Sensors Market Size

The global Position and Proximity Sensors Market size was valued at USD 4.71 Billion in 2022 and is projected to reach USD 13.43 Billion by 2030, growing at a CAGR of 13.90% from 2023 to 2030. The position and proximity sensors market is growing due to the increasing spread of automation and digitization in all industries, which has led to the proliferation of robotic technologies. Sensors have also been incorporated into material handling systems such as conveyors to improve safety by providing rapid obstacle detection and data transmission in automated material handling systems. The increasing prevalence of automation and digitization in end-use industries is one of the key factors driving the growth of the global position and proximity sensors market. In addition, the wider adoption of the latest sensor-based technologies, such as 3D gesture systems, infotainment systems, advanced driver assistance systems, and interior lighting control systems, in the automotive industry is expected to boost the growth of the market. The growing demand for more accurate and efficient positioning sensors in vehicles has led to an increase in the use of proximity sensors all over the world. The aerospace industry is expected to be one of the major users of position and proximity sensors due to their electromagnetic and ultrasonic capabilities. The demand for location and proximity sensors in the consumer electronics industry is also expected to grow with the advancement of technology in the field.

Position sensors need to provide reliable and repeatable data to enable precise control and feedback in various systems. Factors such as sensor calibration, environmental conditions, and mechanical tolerances can affect the accuracy of position measurements. Position and proximity sensors can be susceptible to interference and noise from external sources. Electromagnetic interference (EMI) from nearby equipment, electrical noise, or environmental factors can impact the sensor's performance and introduce errors in measurements. Shielding, filtering, and proper grounding techniques are employed to mitigate these challenges. Proximity sensors have a specific range within which they can detect objects. The detection range can vary depending on the sensor technology used, the size and material of the target object, and the environmental conditions. It is important to consider the sensor's range and limitations to ensure proper detection and avoid false readings.

Analyst’s Review 

The position and proximity sensors market continues to grow as a result of the expansion of the Industrial Internet of Things (IIoT) and the growing prominence of advanced automated factories. Improved communication among different assets in a facility and the demand for real-time insight and analysis in the production line are the driving forces behind the installation of these sensors. These sensors collect the necessary data and transmit it to the controller, thereby enabling remote monitoring of the factory. Real-time and accurate monitoring of all objects is a crucial factor in an industrial process for the early detection of issues and faults. Technological advancements in the sensor industry, coupled with the trend of miniaturization in the electronics sector, fuel market growth. Moreover, developments in wireless communication technologies that facilitate enhanced data transfer are also propelling market growth.

Market Definition

Position and proximity sensors are electronic devices used to detect the location and presence of objects remotely. They are commonly used in various applications, such as robotics, automation, and industrial control systems. These sensors are designed to measure the position or displacement of an object relative to a reference point. They can be used to measure linear or angular displacement and provide information about the direction and speed of movement. They can detect the presence of objects from a distance using different techniques such as infrared, ultrasonic, capacitive, or magnetic fields. These sensors are often used in automated systems to locate objects, monitor movement, or trigger alarms or security systems. These are critical components in many modern systems, and their ability to provide accurate and reliable information about the location and presence of objects is essential for many applications.

Market Dynamics

The growing demand for efficient and accurate positioning sensors in automobiles has increased the need for proximity sensors, which has stimulated the growth of the market. Automotive manufacturers are incorporating sensors into vehicles to enable avionic functionality. As a result, the avionics industry is anticipated to become a significant consumer of position and proximity sensors, benefiting from their ultrasonic and electromagnetic properties. These sensors play a crucial role in collecting and transmitting vital data to the controller, enabling remote control of the production unit. Continuous advancements in the sensor industry, coupled with the reduction in device size, are driving the market growth. Advances in long-range messaging innovations that facilitate better data transmission are driving the development of the market.

Position and proximity sensor market growth is accelerated by their significant application in terms of turnover in the automation of factories and processes. Automation involves installing robotic structures with intelligent sensor technology that operate with little or no human supervision. However, the deployment of a comprehensive integrated automation system requires a substantial initial investment, and this later diminishes the interest of medium and small manufacturers. However, the high cost of setting up an automation system is expected to restrain market growth.

Segmentation Analysis

The global position and proximity sensors market is segmented based on type, application, and geography.

By Type

Based on type, the market is segmented into help desk services, ITIL/ITSM services, and customer support services. Help desk services dominated the market in 2022, driven by a rise in the number of businesses utilizing these services to assist their clients in resolving difficulties with clients or staff. These services allow companies to provide responsive and round-the-clock assistance, which offers an easy, cost-effective way for companies to modernize technical support and free internal staff to focus on value-added priorities.

By Application

Based on application, the market is classified into SMEs and large enterprises. The large enterprise segment dominated the market in 2022 and is expected to continue its dominance over the forecast period. Large enterprises comprise a wide range of businesses, from single-proprietor enterprises to large corporations employing thousands of workers across numerous countries, which are increasingly adopting these sensors.

Position and Proximity Sensors Market Regional Analysis

Based on region, the global position and proximity sensors market is classified into North America, Europe, Asia Pacific, MEA, and Latin America.

North America accounted for the largest market share in 2022, which is primarily driven by the presence of several established market players in countries such as the United States and Canada, which contributes to the growth of the market. Large companies in the US and Canada are increasingly outsourcing their IT help desks, IT support services, and other business processes. These sensors enable efficient non-contact measurements in mobile robotic navigation systems and are widely used in production lines, liquid surface level monitoring, robot detection, vehicle detection in car assembly, and collision avoidance systems. Growing awareness of safety and control systems in the automotive industry is offering notable growth opportunities for the domestic market. The improvements in advanced driver assistance systems (ADAS) are expected to boost the growth of the market in North America.

Competitive Landscape

The global position and proximity sensors market study report will provide valuable insight, with an emphasis on the fragmented nature of the industry. Prominent players are focusing on several key business strategies, such as partnerships, mergers and acquisitions, product innovations, and joint ventures, to expand their product portfolio and increase their respective market shares across different regions.

List of Key Companies in Position and Proximity Sensors Market

  • Azbil Corporation
  • Eaton
  • Honeywell International Inc
  • Hyundai Mobis
  • Infineon Technologies AG
  • Panasonic Corporation
  • Pepperl+Fuchs GmbH
  • STMicroelectronics N.V.
  • TE Connectivity Ltd.
  • OMRON Corporation

Key Industry Developments 

  • November 2022 (Launch): Hyundai Mobis developed a new technology that allows the user to open frequently used menus by simply moving their hand near the car's screens and selecting a menu by gesture and touch. The Hyundai Mobis quick menu option proximity detection pop-up uses the proximity sensor on vehicle displays to minimize awkward screen manipulations, allowing the user to effortlessly select frequently used menus.
  • March 2020 (Launch): Azbil Corporation launched the adjustable proximity sensor Model H3C with dual outputs and increased efficiency, allowing users to monitor and configure settings on a computer. The H3C model includes the functionality of two sensors in one device, which allows placing two working points in the detection area that correspond to the movement of the detected object, and each point can send an on/off signal.

The Global Position and Proximity Sensors Market is Segmented as:

By Type

  • Help Desk Services
  • ITIL / ITSM Services
  • Customer Support Services

By Application

  • SMEs
  • Large Enterprises

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • UK
    • Spain
    • Germany
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC
    • North Africa
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
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  • Check Icon Historical Data Up to 5 Years
Frequently Asked Questions (FAQ's)
The global market is projected to reach USD 13.43 Billion by 2030, growing at a CAGR of 13.90% from 2023 to 2030.
The global market was valued at USD 4.71 Billion in 2022.
The global market is proliferating rapidly owing to the growing due to increasing spread of automation and digitization in all industries has led to the proliferation of robotic technologies.
Top manufacturers of position and proximity sensors market are Azbil Corporation, Eaton, Honeywell International Inc, Hyundai Mobis, Infineon Technologies AG, Panasonic Corporation, Pepperl+Fuchs GmbH, STMicroelectronics N.V., TE Connectivity Ltd., OMRON Corporation, and others.
Asia Pacific is expected to be the fastest growing region over the forecast period (2023-2030).
By type, help desk services will hold the maximum share in position and proximity sensors market with the revenue value by 2030.
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