Proximity Sensor Market Globally Expanding at a CAGR of 8.77% between 2018 and 2021

ResearchMoz presents professional and in-depth study of "Global Proximity Sensor Market 2017-2021".

A proximity sensor is an electronic sensor used to detect the presence of nearby objects without having any physical contact with them. These sensors emit a beam of electromagnetic radiation or electromagnetic field and monitor the deviation or delay in the return of the signal or field. The object that is being sensed acts as a proximity sensor's target.

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Based on the type, the target object for proximity sensors may vary. For instance, capacitive or photoelectric proximity sensors are suitable for detecting plastic targets, whereas an inductive proximity sensor is preferred for a metallic target.

Technavios analysts forecast the global proximity sensor market to grow at a CAGR of 8.77% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global proximity sensor market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of various types of proximity sensors, including inductive, photoelectric, capacitive, magnetic, and ultrasonic.

The market is divided into the following segments based on geography:

Technavio's report, Global Proximity Sensor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
General Electric

Other prominent vendors
ifm electronic
NXP Semiconductors
Rockwell Automation
Schneider Electric

Market driver
Increasing awareness of monitoring and safety systems in automobiles
For a full, detailed list, view our report

Market challenge
Limited product variation between different manufacturers
For a full, detailed list, view our report

Market trend
Integration of ALS and proximity sensors into a single module
For a full, detailed list, view our report

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Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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