Global Proximity Sensor Market 2015-2020 - Market is Expected to Reach USD 3.7 Billion by 2020

Nov 23, 2015, 06:10 ET from Research and Markets

DUBLIN, Nov. 23, 2015 /PRNewswire/ -- Research and Markets ( has announced the addition of the "Proximity Sensor Market by Technology, Product type, Sensing Range, Application & Geography - Global trend & forecast to 2020" report to their offering.

The proximity sensor market is expected to reach USD 3.7 Billion by 2020, growing at a CAGR of 5.3% between 2015 and 2020. Industrial manufacturing and automotive are expected to be the major contributors in the proximity sensor market. Ultrasonic is the fastest-growing technology in the proximity sensor market.

Proximity sensors are used to detect the presence of metallic or non-metallic objects. Proximity sensors do not require any physical contact to detect an object, unlike traditional sensors which require physical contact to detect an object resulting in longer lifetime as there is no wear and tear. Proximity sensors are designed to offer accurate and repeatable operation to help achieve efficient, effective production.

The proximity sensor market has been segmented based on sensing distance (0 mm-20mm, 20 mm-40mm, and greater than 40 mm), technology (inductive, capacitive, magnetic, photoelectric, ultrasonic, and others), industry (aerospace & defense, automotive, food & beverage, pharmaceuticals, consumer electronics, building automation, industrial manufacturing, and others), and geography.

The key players in the market include Avago Technologies Inc. (Singapore), IFM Electronic GmbH (Germany), Schneider Electric (France), Panasonic Corporation (Japan), Balluff GmbH (Germany.), Hans Turck GmbH & CO., KG. (Germany), Pepperl + Fuchs GmbH (Germany), Rockwell Automation (U.S.), Omron Corporation (Japan), Honeywell International Inc. (U.S.), Fargo Controls (U.S.), and Sick AG ( Germany).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Proximity Sensor Market, By Product

8 Proximity Sensor Market, By Sensing Range

9 Proximity Sensor Market, By Technology

10 Proximity Sensor Market, By Application

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

- Avago Technologies Inc.

- Balluff GmbH

- Fargo Controls Inc.

- Hans Turck GmbH & Co., Kg.

- Honeywell International Inc.

- IFM Electronic GmbH

- Omron Corporation

- Panasonic Corporation

- Pepperl + Fuchs GmbH

- Rockwell Automation, Inc.

- Schneider Electric Se

- Sick AG

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SOURCE Research and Markets