According to the Regional Research Reports, the Global Magnetic Proximity Sensor Market is anticipated to reach USD 2.85 billion by 2030 from USD 1.45 billion in 2021. The global magnetic proximity sensor market is projected to grow at a CAGR of 6.6% from 2022 to 2030. Magnetic proximity sensors provide long sensing ranges that can reliably detect magnetic objects, with new application options opened up due to the smaller magnets. MM sensors in NAMUR designed for use in explosion-hazardous areas complete this comprehensive product family.
The key market drivers for the magnetic proximity sensor market are an increase in the trend of automation and a rise in demand for non-sensing technology, growing applications of magnetic proximity sensors in various industry verticals like defense and automotive.
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Global Magnetic Proximity Sensor Market Segmentation
Regional Research Reports has segmented the global magnetic proximity sensor market based on sensing range, housing material, and application at a regional and global level. Geographically, the research report has considered the five regions: North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Moreover, the research study focuses on the market analysis of the tier-1 countries, such as the USA, China, Germany, India, the UK, Japan, France, Italy, Spain, Russia, South Korea, and other territories.
Global Magnetic Proximity Sensor Market Analysis by Sensing Range
- 0 mm to 20 mm
- 20 mm to 40 mm
- Greater than 40 mm
Global Magnetic Proximity Sensor Market Analysis by Housing Material
- Metal
- Plastic
Global Magnetic Proximity Sensor Market Analysis by Application
- Aerospace and Defense
- Automotive
- Consumer Electronics
- Building Automation
- Other Applications
Global Magnetic Proximity Sensor Market Growth, by Region and Country, 2018-2021, 2022-2030 (US$ Millions)
Global Magnetic Proximity Sensor Market Analysis by Region and Country
- North America (US, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Spain, Russia, Switzerland, Poland, Belgium, the Netherlands, Norway, Sweden, Czech Republic, Slovakia, Slovenia, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Vietnam, Singapore, Australia & New Zealand, Rest of Asia Pacific)
- South America (Brazil, Argentina, Peru, Colombia, Rest of South America)
- The Middle East & Africa (UAE, Saudi Arabia, South Africa, Egypt, Qatar, Northern Africa, Rest of MEA)
Global Magnetic Proximity Sensor Market Competitive: Key Players
The report includes a comprehensive analysis of leading market players, such as:
- Key companies Magnetic Proximity Sensor revenues in global market, 2018-2021 (Estimated), (US$ Millions)
- Key companies Magnetic Proximity Sensor revenues market share in global market, 2021 (%)
- Key companies Magnetic Proximity Sensor sold in the global market, 2018-2021 (Estimated)
Leading Magnetic Proximity Sensor Manufacturers –
- Sick AG
- OMRON Corporation
- Honeywell International Inc
- Rockwell Automation, Inc
- GENERAL ELECTRIC
- Gentec International
- Eaton
- Panasonic
- Fargo Controls Inc
- Balluff Automation India Pvt. Ltd
(Note: The list of the key market players can be updated with the latest market scenario and trends)
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Magnetic Proximity Sensor Market Report Covers Details Analysis On:
- Market Segmentation & Regional Analysis
- Market Size of 10 years
- Pricing Analysis
- Supply & Demand Analysis
- Product Life Cycle Analysis
- Porter’s Five Forces & Value/Supply Chain Analysis
- Developed & Emerging Economies Analysis
- PESTEL Analysis
- Market and Forecast Factor Analysis
- Market Opportunities, Risks, & Trends
- Conclusion & Recommendation
- Regulatory Landscape
- Patent Analysis
- Competition Landscape
- 15+ Company Profiles
Magnetic Proximity Sensor Market Research Methodology
The report is based on analysis through extensive secondary research and primary Interviews.
The secondary data sources include the company website, annual reports, investor presentations, press releases, white papers, journals, certified publications, government websites, and articles from the industry.
Similarly following is the list of a few paid secondary sources/databases,
- Factiva
- Statista
- D&B Hoovers
- Owler
- Enlyft
- HG Insights
- Bloomberg
- Crunchbase
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The primary sources include CXOs, VPs, directors, technology & innovation directors, product managers, and related executives from key organizations from both the supply and demand sides. Similarly, we have also interviewed various end user organizations. We cannot reveal the end-user organizations due to non-disclosure agreements.
For instance, the region forecast is based on extensive secondary research and primary Interviews. We have conducted primary interviews across the regions to get more region-specific insights. Additionally, primary interviews were conducted with independent consultants and subject matter experts in respective regions. These experts were interviewed to obtain qualitative and quantitative information related to the market and validate the research findings and estimations. The primary and secondary data inputs referred for triangulation and forecast for the region segment are as follows,
- Top Player’s historic revenues and Year on Year Growth
- Top Players’ regional presence and revenue patterns
- Recent Developments and strategies of vendors and end users (E.g., Mergers & Acquisitions, Partnerships, New Product Launch, and others)
- R&D Investments & Innovation Landscape
- Start-up Ecosystem and Funding Initiatives
- Regulatory Environment and Implications (Country or region Specific)
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