The capacitive proximity sensor global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Capacitive Proximity Sensor Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The capacitive proximity sensor market size has grown strongly in recent years. It will grow from $1.99 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to the rise of smartphones, tablets, and other touch-enabled devices, the rise in the automation industry, increasing industrialization, increasing demand for sensing devices, and increasing deployment of robots.
The capacitive proximity sensor market size is expected to see strong growth in the next few years. It will grow to $3.11 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to the proliferation of IoT devices, the rise in smart home technologies, the rise in 5G technologies, the rise of electric and autonomous vehicles, and the increase in smart city projects. Major trends in the forecast period include advancements in sensor design, development of smaller and compact sensors, integration with IoT, development of touchless interactions, and incorporation of artificial intelligence and machine learning.
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Scope Of Capacitive Proximity Sensor Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Capacitive Proximity Sensor Market Overview
Market Drivers –
The increasing industrial automation is expected to propel the growth of the capacitive proximity sensors market going forward. Industrial automation is the utilization of robotics, machines, and control systems to automate tasks traditionally performed by humans, enhancing productivity, quality, and safety in various industries. There is a rise in industrial automation due to efficiency improvements, cost reduction, enhanced safety, and the growing adoption of IoT technologies. Capacitive proximity sensors are used in industrial automation to detect the presence or absence of various objects, such as level sensing, object detection, position detection, and liquid level detection, regardless of their material composition. For instance, in January 2022, according to a survey conducted among 600 IT professionals from North America and Europe by Camunda, a Germany-based open-source platform, more than 4 in 5 respondents (82%) of the surveyed professionals said process automation is a greater priority for their organization than it was last year. Therefore, growth in industrial automation is driving the growth of the capacitive proximity sensor market.
Market Trends –
Major companies operating in the capacitive sensors market are focusing on developing sensors that enable touchless control, such as non-contact capacitive sensors, to better serve customers. A non-contact capacitive proximity sensor is a device that can detect the presence or absence of virtually any object, regardless of material, by using an electrostatic field to measure changes in capacitance without requiring physical contact. For instance, in November 2023, Balluff GmbH, a Germany-based industrial automation technology company, launched BCS01AJ, a new capacitive sensor with IO-Link communication technology. These cuboid sensors can be mounted on the exterior of containers for upper-level and lower-level detection. The sensor can detect non-conductive substances through plastic and glass up to 6 mm thick, and when integrated with IO-Link, it provides level detection, diagnostic insights, and the ability for parameter adjustments using the IO-Link protocol.
The capacitive proximity sensor market covered in this report is segmented –
1) By Type: Touch Sensors, Motion Sensors, Position Sensors, Other Types
2) By Application: Object Detection, Level Sensing, Touch Controls, Proximity Sensing, Other Applications
3) By End-User Industry: Automotive, Manufacturing, Consumer Electronics, Food And Beverage, Pharmaceuticals, Other End-User Industries
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Regional Insights –
Asia-Pacific was the largest region in the capacitive proximity sensor market in 2023. The regions covered in the capacitive proximity sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the capacitive proximity sensor market are Panasonic Corporation, Honeywell International Inc., Fujitsu Limited, Eaton Corporation plc, STMicroelectronics NV, Infineon Technologies AG, Renesas Electronics Corporation, Microchip Technology Inc., Rockwell Automation Inc., Omron Corporation, YAGEO Corporation, Vishay Intertechnology Inc., IFM Electronic GmbH, Sick AG, Synaptics Incorporated, Hans Turck GmbH & Co. KG, Pepperl + Fuchs GmbH, Balluff GmbH, Carlo Gavazzi Holding AG, Fargo Controls Inc.
Table of Contents
1. Executive Summary
2. Capacitive Proximity Sensor Market Report Structure
3. Capacitive Proximity Sensor Market Trends And Strategies
4. Capacitive Proximity Sensor Market – Macro Economic Scenario
5. Global Capacitive Proximity Sensor Market Size and Growth
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32. Global Capacitive Proximity Sensor Market Competitive Benchmarking
33. Global Capacitive Proximity Sensor Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Capacitive Proximity Sensor Market
35. Capacitive Proximity Sensor Market Future Outlook and Potential Analysis
36. Appendix
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