North American Proximity Sensor Market Size, Global Driving Factors by Manufacturers, Growth Opportunities, Regions, Type and Application, Share, Revenue Market Forecast 2023

Posted on Dec 1 2021 8:51 AM

"North American Proximity Sensor Market Report Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as product launches and acquisitions. "

Global North American Proximity Sensor Market provides deep Information by vendors, including company overview, company total revenue (financials), market potential, global presence, North American Proximity Sensor sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. this study provides the North American Proximity Sensor sales, revenue and market share for each player covered in this report. North American Proximity Sensor market is split by Type and by Application. The growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

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North American Proximity Sensor Market report features basic market situations, Product limit, consumption volume, and limit applications. Moreover, the report illuminates the SWOT analysis that should be done by the customers so as to know the Strength, Weaknesses, Opportunities, and Threats of the North American Proximity Sensor industry. It likewise centers around venture practicability investigation, speculation return analysis and different ways to deal with the addition a considerable position in the North American Proximity Sensor Market.The North American Proximity Sensor Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments.

The report focuses on regional development status, which includes the market size, share, and volume. The North American Proximity Sensor Market report presents some of the key data, which would help the stakeholders in the industry besides the analysts and business decision makers. Production, consumption, cost, gross margin, revenue, market share and factors influencing market and CAGR has found its place in the report.

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The North America proximity sensor market was valued at USD 1.42 billion in 2017, and is expected to reach a value of USD 2.15 billion by 2023, at a CAGR of 7.17% over the forecast period (2018 - 2023). The scope of the report includes technologies, like inductive, capacitive, and photoelectric, and is limited to end users, like aerospace & defense, industrial, automotive, and marine. The countries considered in the scope of the report include the United States and Canada.

Growth in Industrial Automation - One of the Major Drivers of the Market

The industrial automation segment has been emerging to be a relatively more attractive space for investment by organizations across the globe. The dependence on robots in industrial controller mechanisms is an established trend, paving the way for a larger and wider adoption of the industrial control and automation equipment. However, limitations in sensing capabilities and availability of other sensors at a lower cost might hinder the growth of the market.

Automotive Industry to Have the Highest Market Share during the Forecast Period

The automotive industry in the region is flourishing due to the advent of self-driving cars, and increasing demand for advanced and better vehicles, like SUVs and pickup trucks. The United States is the dominant country in the region, owing to the presence of major industries, established car manufacturers, a booming healthcare industry, etc. From an automotive point of view, the United States houses major players, like General Motors and Ford, while also having manufacturing plants of other manufacturers, like Hyundai and Kia. Around 14.5 million automobiles were sold in North America. In the near future, large area proximity sensing may influence the market growth.

Inductive Proximity Has a Major Market Share Among Other Sensors

The inductive proximity sensors are expected to be a cost-effective and reliable solution for most of the applications in automation equipment and machinery. These sensors are not influenced by vibrations, water, oil, and dust, which makes them suitable for harsh environments. The major applications of these sensors include, machine tools, agriculture, and material handling systems. Inductive sensors play a critical role in obtaining quality and higher productivity from the automated process. As these sensors have no moving parts, their service life is independent of the number of operation cycles.

Inductive proximity sensors are used majorly in the industrial and automotive segments. These sensors are set to witness an increased growth rate in these industries as they are cheaper and efficient, and industries, like the automotive, require such technologies to match the growing consumer demand. In the industrial segment, the harsh environmental resistance, robust nature, and extreme reliability are expected to witness an increased adoption rate for many applications. However, these sensors can only detect metal objects, limiting their functionality in other industries that do not make use of metal, and this can affect the growth of the North America proximity sensor market.

North America houses some of the world’s most-established automobile manufacturers, like General Motors and Ford, who rely on cutting edge technology to deliver the best driving experience to consumers. This involves integrating the latest technological advancements with the automobiles being manufactured, and proximity sensor is one major technology that is being used for parking sensors, gesture recognition to make phone calls, etc.

As consumer demand for safety rises (coupled with technological advancements and development of smart cars), the adoption of proximity sensors is also set to witness a significant rise, boosting the growth of the North America proximity sensor market.

Key Developments in the Market

August 2017: Honeywell announced the launch of proximity sensors for aircraft. Honeywell has launched a new series of self-diagnosing sensors designed to improve the performance of aircraft systems and reduce maintenance costs by helping to eliminate false readings. Integral health monitoring (IHM) proximity sensors, which detect when a sensor has been damaged or otherwise affected, can be integrated into an aircraft’s thrust reverser actuation system, flight controls, doors, and landing gear, among others.
May 2017: Turck announced its new range of 8 mm barrel inductive proximity sensors. The technology of the ferrite core sensors has evolved, increasing the sensing range by up to 50%. As a result, flush mounted solutions can now be offered with an extended sensing range of 3 mm, as well as with the conventional sensing range of 2 mm. The non-flush sensors are likewise available with a 3 or 5 mm sensing range. Turck is also now able to produce devices with an ultra-short 15 mm design.

Major Players: GENERAL ELECTRIC, EATON CORPORATION PLC, ROCKWELL AUTOMATION, INC., OMRON CORPORATION, PANASONIC CORPORATION, NXP SEMICONDUCTORS N.V., BALLUFF GMBH, HONEYWELL INTERNATIONAL INC., AND TURCK, INC. among others.

Reasons to Purchase this Report

Analysis of how the growing industrial automation act as a driver to the global market scenario
Analysis of various perspectives of the market with the help of Porter’s five forces analysis
The solutions and type of security that are expected to dominate the market
The regions that are expected to witness fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 months analyst support, along with the Market Estimate sheet (in excel)

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Covered in this report

The Report Covers the Present Scenario and the Growth Prospects of the Global North American Proximity Sensor Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of North American Proximity Sensor.

Regional Market Analysis:

The North American Proximity Sensor Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Global North American Proximity Sensor Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Market Trend

  • Growing research activities coupled with new product launches.

Market Driver

  • High Opportunity in the Industry

Market Challenge

  • Complications associated with North American Proximity Sensor procedures.

Some Major Points from Toc :-

1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.1 Australia
6.1.2 Bolivia
6.1.3 Brazil
6.1.4 Democratic Republic of Congo
6.1.5 Indonesia
6.1.6 Malaysia
6.1.7 Myanmar
6.1.8 Peru
6.1.9 Russia
6.1.10 Thailand
6.1.11 Vietnam
6.1.12 Others
6.2 Consumption Analysis (Market Size, Growth and Forecast)
6.2.1 Asia-Pacific
6.2.1.1 India
6.2.1.2 China
6.2.1.3 Japan
6.2.1.4 South Korea
6.2.1.5 Rest of Asia-Pacific
6.2.2 North America
6.2.2.1 United States
6.2.2.2 Canada
6.2.2.3 Mexico
6.2.2.4 Rest of North America
6.2.3 Europe
6.2.3.1 Germany
6.2.3.2 United Kingdom
6.2.3.3 France
6.2.3.4 Italy
6.2.3.5 Austria
6.2.3.6 Rest of Europe
6.2.4 South America
6.2.4.1 Brazil
6.2.4.2 Argentina
6.2.4.3 Rest of South America
6.2.5 Middle East & Africa
6.2.5.1 UAE
6.2.5.2 South Africa
6.2.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
10. Disclaimer

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