The adoption of proximity sensors in fabrication facilities will be supported by the widespread adoption of advanced automation technologies across all semiconductor industry verticals. The global semiconductor market generated US$ 468.8 billion in market revenue in 2018, according to the Semiconductor Industry Automation Organization (SIA). All electronic sensors that can detect the presence or absence of objects using electromagnetic fields, light, and sound without making physical contact are considered proximity sensors. The movement or displacement of objects of interest between two points is measured by proximity sensors.
Photoelectric, inductive, magnetic, LVDT (Linear Variable Differential Transformer), magnetic, capacitive, and ultrasonic sensors are the most common types of proximity sensors. Capacitive radiation, magnetic, infrared (IR), and force sensors are technologies used in proximity sensors. Proximity sensors can function in risky environments like high humidity, low temperatures, and chemical processing applications. The market for proximity and displacement sensors has recently seen the rise of advanced process automation systems based on AI and the Internet of Things (IoT).
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The industry concentration ratio and the most recent developments for the market share are shown using tables, figures, graphs, and charts. The report covers product classification, application areas, and geographic regions to explain the perception and scope of the market. Both quantitative and qualitative data from primary and secondary statistical sources are included in the study. This report offers detailed support for businesses and people interested in the market by providing important statistics on the state of the industry. Enhancing the fundamental leadership capabilities of clients and new players in the industry is one of the main objectives of this report.
Top Key Players:
A few of the leading companies in the proximity sensor market are Qualcomm Technologies, Pepperl + Fuchs GmbH, Hans Turck GmbH & Co, Schneider Electric SE, Sick AG, Rockwell Automation Inc., Semtech Corporation, Vishay Semiconductors, ST Microelectronics NV, and Panasonic Corporation.
The Regional Evaluation
In the forecasted period, the Asia Pacific region is expected to hold a dominant position in the global proximity sensors market and account for the largest market share. This expansion is the result of significant investments made by major players in technology and research training facilities in developed nations like Japan and South Korea. For instance, in order to create and innovate technologies used in proximity sensors, Hans Turck GmbH & Co. officially opened its brand-new research and training center in Korea in 2018. In the anticipated time frame, this initiative would increase the market for proximity sensors in the Asia Pacific region.
The "Proximity Sensors Market" by Fortune Business Insights is a comprehensive analysis of the market that spans over 60 geographies and offers high-level market segmentation for each one. In the section on regional and national breakdowns, the market in each geography is examined, along with market size by region and nation. It also evaluates the market's past and projected growth, highlights significant trends, and discusses corporate expansion strategies.
Segmentation of the Global Proximity Sensors Market
By Technology:
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Capacitive Radiation
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Magnetic
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Infrared (IR)
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Force Sensor
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Other
By Product:
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Fixed Distance
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Variable Distance
By Region
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North America (the US and Canada)
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Europe (the United Kingdom, Germany, France, Italy, Spain, Scandinavia, and the rest of Europe)
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Asia Pacific (including Japan, China, India, Australia, Southeast Asia, and the remaining countries in the region)
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South America (including Brazil, Mexico, and the rest of South America)
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Europe, Asia, and Africa (South Africa, GCC and Rest of Middle East & Africa)
The study examines several crucial elements to comprehend the market, such as the most recent market dynamics, growth potential, development trends, market challenges, development threats, and risk factors. The information is easy to understand thanks to this comprehensive market overview. In addition to offering short- and long-term market forecasts, the study provides an analytical stance on the pertinent global market sector.
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The report considers the following significant parameters:
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Size of the global market (in terms of both value and volume), by important business segments, and by promising and developing regions
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Trends that could influence the market
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Options and preferences of consumers, as well as the landscape of vendors and suppliers
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Opportunities for growth that are anticipated during the forecast period
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Problems and restrictions faced by the industry
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Dynamic and trending patterns of consumer spending
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Additional advancements
The Report Responds to the following Frequently Asked Questions
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