Last Updated: 23-07-2025 | Format: PDF | Report ID:11227 | Author: Alice
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | Revenue (USD Million) |
| What is the projected market size by 2035? | $3,020 Million |
| What is the market CAGR from 2025 to 2035? | 8.6% |
| Which region dominates the market? | US (67%) |
| Which product/service type dominates the market? | Inductive (36%) |
| Which application leads the market? | Automotive (32%) |
| Who are the major buyers? | Automotive OEMs (33%), Industrial Manufacturers (27%) |
| What are the key market growth drivers? | Rising demand for automation in industrial manufacturing is accelerating the deployment of proximity sensors for machine safety and process optimization; Growing adoption of advanced driver assistance systems (ADAS) and electrification in the automotive industry is boosting demand for proximity sensors |
| What are the major market challenges? | Supply chain disruptions and chip shortages are impacting production schedules; Market fragmentation requires advanced differentiation and cost control |
| What is the forecast period? |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| 2026–2035 |
| Who are the key market players? | Rockwell Automation, Schneider Electric, Omron Corporation, Panasonic Corporation, Honeywell International Inc., Sick AG, Balluff Inc., Pepperl+Fuchs, STMicroelectronics, Texas Instruments Incorporated, Broadcom Inc., Datalogic S.p.A., Riko Opto-Electronics Technology Co., Ltd, Keyence Corporation, Others |
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