PUBLISHER: IMARC | PRODUCT CODE: 1722520
PUBLISHER: IMARC | PRODUCT CODE: 1722520
The global proximity sensor market size reached USD 4.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 8.4 Billion by 2033, exhibiting a growth rate (CAGR) of 5.71% during 2025-2033. The market is experiencing rapid growth, driven by increasing automation in industries, rising demand in consumer electronics, rapid advancements in automotive safety features, the development of smart cities and building automation systems, and the ongoing innovations in sensor technologies.
A proximity sensor relies on sound, light, infrared radiation (IR), or electromagnetic fields to detect the presence or approach of objects within its vicinity. It identifies an object without physical contact and does not cause abrasion or damage to the target. It can work in harsh environmental conditions for identifying metallic and non-metallic objects and avoiding security challenges. As a result, a proximity sensor finds extensive applications in different industry verticals, such as aerospace, electronics, and manufacturing. At present, some of the commonly used proximity sensors include inductive, capacitive, photoelectric, and magnetic.
The increasing automation in complex production systems represents one of the key factors propelling the growth of the market. Moreover, proximity sensors are widely utilized for measuring and controlling the gap between a robotic welding torch head and the work surface, detecting surface irregularities in machined parts, and monitoring bearing assembly processes. They are also used for gauging the thickness of metal plates in manufacturing operations and determining the angular speed at a steady state by counting the number of rotations per unit time. In addition, there is a rise in the employment of proximity sensors in automobiles for detecting the physical closeness of other vehicles. Besides this, ultrasonic and electromagnetic sensors are used in parking assistance and reverse warning applications. Apart from this, ultrasonic parking sensors can detect humans, which can help prevent backover accidents involving pedestrians. This, coupled with the thriving automotive industry, is positively influencing the market. Other factors stimulating the market growth include the increasing adoption of proximity sensors in robotics for collision avoidance and the proliferation of the industrial internet of things (IIoT) around the world.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Autonics Corporation, Balluff GmbH, Datalogic S.p.A., Fargo Controls Inc., Honeywell International Inc., Keyence Corporation, OMRON Corporation, Panasonic Corporation, Pepperl+Fuchs SE, Riko Opto-Electronics Technology Co. Ltd, Rockwell Automation Inc., Sick AG and STMicroelectronics.