Proximity And Displacement Sensors Market - Forecast(2021 - 2026)

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Proximity and Displacement Sensors Market Overview

Proximity and Displacement Sensors market size was valued at $3.9 billion in 2020, and it is estimated to grow at a CAGR of 8.1% during 2021-2026. The growth is mainly attributed to the increasing adoption of IoT and automation technologies in industries. The growing trend and increasing dependence on robots in industrial controller mechanisms have been paving the way for wider adoption of the industrial control and process automation systems and this is set to propel the displacement and proximity sensors market. The rising demand for Photoelectric and ultrasonic sensors as well as linear variable differential transformer sensors particularly in process automation systems will drive the market growth.

Report Coverage

The report: “Proximity and Displacement Sensors Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Proximity and Displacement Sensors Market.
By Type: Inductive Sensors, Photoelectric Sensors, Capacitive Sensors, Ultrasonic Sensors, Magnetic Sensors, LVDT Sensors and Others.
By End User: Automotive, Pharmaceutical, Food and Beverage, Pulp and Paper, Elevators and Escalators, Manufacturing, Metals and Mining and others.
By Application: Parking Sensor Systems, Ground Proximity Warning System, Vibration Monitoring and Measurement, Anti-Aircraft Warfare, Roller Coasters, Conveyor Systems, Mobile Devices, Assembly Line Testing. and Others.
By Geography: North America (U.S., Canada and Mexico); Europe (U.K., Germany, Italy, France, Spain, Russia, Netherlands, Rest of Europe); APAC (China, Japan, South Korea, India, Australia, Indonesia, Malaysia Rest of APAC); South America (Brazil, Argentina, Chile, Colombia, Rest of South America) RoW (Middle East & Africa).

Key Takeaways

  • North America dominated the Proximity and Displacement Sensors market in terms of revenue in 2020 owing to the advancements in technology.
  • Adoption of advanced technologies such as IoT, process automation systems in industries is poised to propel the market growth.
  • Increasing adoption of Photoelectric and ultrasonic Proximity and Displacement Sensors in automotive sector with growing trend of autonomous vehicles is set to drive the market.
  • High initial investment is the major challenge that hampers the market growth.

Proximity and Displacement Sensors Market, By Geography, 2020

Proximity and Displacement Sensors Market
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Proximity and Displacement Sensors Market Segment Analysis - By Type

Photoelectric sensors held the major share of 26.8% in 2020. Photoelectric sensors are capable of sensing distance, size, color, shape, presence and many other attributes to the target object. The larger share is mainly attributed to the wide application in various industries for applications such as parking, monitoring and measurement, mobile devices, assembly testing as it is used to sense all kinds of materials. Furthermore, low cost and longer sustainability features drive the market. Furthermore, increase in investments on research and development activities for the development of advanced sensors drive the market in this region.

Proximity and Displacement Sensors Market Segment Analysis - By Industry Vertical

Automobile is the fastest growing segment in proximity and displacement sensors market and estimated to grow at a CAGR of 9.0% during forecast period 2020-2025. Rising demand for contactless sensing technology coupled with increasing adoption of the sensor integrated automotive security in automobiles is expected to drive the market. In automotive sector, proximity sensors are used to detect the vehicle when it is too close to an object for comfort.

With increase in development of autonomous vehicles, there has been high adoption of proximity sensors and this is set to push the market growth. In 2019, Omron Corporation had launched the E2EW Series of full metal proximity Sensors, which have the world’s longest sensing distances for automotive application. In 2020, Vishay had launched automotive grade proximity sensors that prevent false triggers. Increase in development of advanced sensors for automotive applications provide opportunities for the market growth during forecast period 2021-2026.

Proximity and Displacement Sensors Market Segment Analysis - By Geography

North America dominated the Proximity and Displacement Sensors market in 2020 with a market share of 32.4%, followed by Europe and APAC owing to the presence of large number of players and early adoption of advanced technologies. In addition to these, high adoption of process automation systems in industrial and manufacturing sectors is set to drive the market growth for proximity and ultrasonic proximity and displacement sensors.

Proximity and Displacement Sensors Market Drivers

Increasing adoption of automation technologies in industries

The rise in automation of complex production systems has increased the demand for components capable of providing critical data related to the production process. Photoelectric and ultrasonic Proximity and displacement sensors facilitate process control in factories by detecting the presence and position of metal objects. These sensors can also assist in automating procedures and even repetitive tasks, resulting in an efficient production line, thereby assist in driving the market.

Development of advanced proximity and displacement sensors

High accuracy, increased repeatability and small part detection features have increased the demand for proximity and displacement sensor market. Furthermore, increasing demand for contactless sensing technology is set to uplift the market. Many companies have been focusing on development of advanced sensors with the adoption of process automation system technology in industries. 

In 2020, Azbil had launched adjustable proximity sensor model H3C, which boasts two outputs and increased efficiency by allowing operators to check and configure settings from a computer. During the same year, Zebra Technologies Corporation had launched a proximity sensing system which detects each employee’s proximity to other workers and provides user-level alerting and contact tracing to prevent the spread of covid-19. This kind of development activities drive the market.

Proximity and Displacement Sensors Market Challenges

High initial investment

The high initial investment for implementation of integrated systems is set to hamper the market growth. Moreover, the requirement of skilled professionals for deployment of the technology results in increased service cost to the customer. Thus, increased cost of the technology hinders the market growth. Furthermore, demand for smaller sensors leading to size and weight reduction being placed on components and equipment is the major challenge for the market.

Proximity and Displacement Sensors Market Landscape

Technology launches, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Proximity and Displacement Sensors market. Proximity and Displacement Sensors top 10 companies include Panasonic Corporation, SICK AG, Delta Electronics Inc, STMicroelectronics, Riko Opto-Electronics Technology Co., Ltd, Autonics Corporation, OMRON Corporation, Keyence Corporation, Pepperl + Fuchs GmbH, Rockwell Automation, Inc and others.

Acquisitions/Technology Launches

  • In March 2020, Sensor manufacturer, ams AG had launched a new in-display ambient light and proximity sensor solution for smartphones equipped with OLED displays. Development of advanced sensors provide opportunities for the market growth.
  • In April 2019, The SICK Group, one of the world’s largest producers of sensors and sensor solutions for industrial process automation applications had partnered with software solution provider AutoCoding Systems (ACS). This partnership enables SICK to enhance the market share of the company.

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1. Proximity and Displacement Sensor Market Overview
    1.1 Definitions and Scope
2. Proximity and Displacement Sensor Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Application
    2.3 Key trends segmented by Geography
3. Proximity and Displacement Sensor Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Proximity and Displacement Sensor Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Proximity and Displacement Sensor Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Proximity and Displacement Sensor Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Proximity and Displacement Sensor Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Proximity and Displacement Sensor Market – By Type (Market Size -$Million/Billion)
    8.1 Inductive
    8.2 Photoelectric
    8.3 Ultrasonic
    8.4 Capacitive
    8.5 Magnetic
    8.6 LVDT
    8.7 Others
9. Proximity and Displacement Sensor Market – By End User (Market Size -$Million/Billion)
    9.1 Automotive
    9.2 Pharmaceutical
    9.3 Food and Beverage
    9.4 Pulp and Paper
    9.5 Elevator and Escalators
    9.6 Manufacturing
    9.7 Metals and Mining
    9.8 Others
10. Proximity and Displacement Sensor Market – By Application (Market Size -$Million/Billion)
    10.1 Parking Sensor Systems
    10.2 Ground Proximity Warning System
    10.3Vibration Monitoring and Measurement
    10.4 Anti-Aircraft Warfare
    10.5 Roller Coasters
    10.6 Conveyor Systems
    10.7 Mobile Devices
    10.8 Assembly Line Testing
    10.9 Others
11. Proximity and Displacement Sensor Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 Germany
        11.2.2 France
        11.2.3 UK
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Netherlands
        11.2.8 Others
    11.3 APAC
        11.3.1 China
        11.3.2 Japan
        11.3.3 South Korea
        11.3.4 India
        11.3.5 Australia
        11.3.6 Indonesia
        11.3.7 Malaysia
        11.3.8 Others
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Chile
        11.4.4 Colombia
        11.4.5 Others
    11.5 RoW
        11.5.1 Middle East
        11.5.2 Africa
12. Proximity and Displacement Sensor Market - Market Entropy
    12.1 New product launches
    12.2 M&A's, collaborations, JVs and partnerships
13. Proximity and Displacement Sensor Market – Industry Competitive Landscape (Premium)
    13.1 Market Share – Global
    13.2 Market Share by Region
    13.3 Market Share By Application
14. Proximity and Displacement Sensor Market – Key Company List by Country Premium (Premium)
15. Proximity and Displacement Sensor Market - Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10

List of Tables

1 US Proximity And Displacement Sensors Market Size 2018
2 Canada Proximity And Displacement Sensors Market Share 2018
3 Brazil Proximity And Displacement Sensors Market Outlook 2019 - 2023
4 Mexico Proximity And Displacement Sensors Market Research 2018
5 Germany Proximity And Displacement Sensors Market Trends 2019 - 2023 
6 France Proximity And Displacement Sensors Market Growth 2019 - 2023 
7 UK Proximity And Displacement Sensors Market Demand 2019 - 2023 
8 Italy Proximity And Displacement Sensors Market Segmentation 2018
9 Russia Proximity And Displacement Sensors Market Analysis 2019 - 2023
10 China Proximity And Displacement Sensors Market Revenue 2019 - 2023
11 Japan Proximity And Displacement Sensors Market Volume 2019 - 2023
12 South Korea Proximity And Displacement Sensors Market Potential 2019 - 2023
13 India Proximity And Displacement Sensors Market Leaders 2018
14 Saudi Arabia Proximity And Displacement Sensors Market Forecast 2019 - 2023 
15 Kuwait Proximity And Displacement Sensors Market Value 2018

List of Figures

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