The North America Proximity and Displacement Sensors Market would witness market growth of 8.6% CAGR during the forecast period (2023-2029).
A proximity sensor is a sensor that is integrated into a system to detect the presence of something nearby. Non-contact detection is a sensor feature that contributes to its reliability and durability. A displacement sensor measures the position or motion of an object between two points. The market is presently in an expanding phase of its product life cycle. Increased demand in developing factory and process automation systems has led to significant market growth.
The market is primarily driven by the ongoing trend of factory automation and the market's continuous expansion for mobile devices. In addition, the falling cost of sensors is anticipated to exponentially fuel the market growth. The market share is anticipated to increase incrementally as the demand for contactless sensing applications and automakers' interest in integrating sensor technology into automotive security and infotainment systems rises.
Smart homes are the domestic face of the US Internet of Things (IoT). Home automation is rapidly being used to connect common household appliances to the internet and improve daily life's comfort, entertainment, and security. It is a cutting-edge technology that makes using various home equipment more convenient and energy-efficient. All of the home's electronic appliances may be managed using wireless technology. Allowing consumers to control electronic gadgets through a smart home app on their smartphones or other networked products provides comfort, energy efficiency, security, and convenience to the end users. As smart homes gain popularity, it is anticipated that more proximity and displacement sensors will be used to automate such features, driving the market's growth in North America.
The US market dominated the North America Proximity and Displacement Sensors Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $2,566.3 million by 2029. The Canada market is poised to grow at a CAGR of 11.1% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 10.1% during (2023 - 2029).
Based on Type, the market is segmented into Inductive Sensor, Magnetic Sensor, Photoelectric Sensor, Ultrasonic Sensor, Capacitive Sensor, LVDT Sensor and Others. Based on End User, the market is segmented into Manufacturing, Food & Beverages, Automotive, Healthcare and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Proximity and Displacement Sensors Market is Projected to reach USD 12 Billion by 2029, at a CAGR of 9.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation, Keyence Corporation, Panasonic Holdings Corporation, Kaman Corporation, Standex International Corporation, Luna Innovations, Incorporated, Pepperl + Fuchs Group, IFM Electronics GmbH, Hans Turck GmbH & Co. KG and Lion Precision (Carlisle Companies Inc.)
Scope of the Study
Market Segments Covered in the Report:
By Type
- Inductive Sensor
- Magnetic Sensor
- Photoelectric Sensor
- Ultrasonic Sensor
- Capacitive Sensor
- LVDT Sensor
- Others
By End User
- Manufacturing
- Food & Beverages
- Automotive
- Healthcare
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Omron Corporation
- Keyence Corporation
- Panasonic Holdings Corporation
- Kaman Corporation
- Standex International Corporation
- Luna Innovations, Incorporated
- Pepperl + Fuchs Group
- IFM Electronics GmbH
- Hans Turck GmbH & Co. KG
- Lion Precision (Carlisle Companies Inc.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Proximity and Displacement Sensors Market, by Type
1.4.2 North America Proximity and Displacement Sensors Market, by End User
1.4.3 North America Proximity and Displacement Sensors Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis – Global
3.1 Market Share Analysis, 2021
3.2 Strategies Deployed in Proximity and Displacement Sensors Market
Chapter 4. North America Proximity and Displacement Sensors Market by Type
4.1 North America Inductive Sensor Market by Country
4.2 North America Magnetic Sensor Market by Country
4.3 North America Photoelectric Sensor Market by Country
4.4 North America Ultrasonic Sensor Market by Country
4.5 North America Capacitive Sensor Market by Country
4.6 North America LVDT Sensor Market by Country
4.7 North America Others Market by Country
Chapter 5. North America Proximity and Displacement Sensors Market by End User
5.1 North America Manufacturing Market by Country
5.2 North America Food & Beverages Market by Country
5.3 North America Automotive Market by Country
5.4 North America Healthcare Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Proximity and Displacement Sensors Market by Country
6.1 US Proximity and Displacement Sensors Market
6.1.1 US Proximity and Displacement Sensors Market by Type
6.1.2 US Proximity and Displacement Sensors Market by End User
6.2 Canada Proximity and Displacement Sensors Market
6.2.1 Canada Proximity and Displacement Sensors Market by Type
6.2.2 Canada Proximity and Displacement Sensors Market by End User
6.3 Mexico Proximity and Displacement Sensors Market
6.3.1 Mexico Proximity and Displacement Sensors Market by Type
6.3.2 Mexico Proximity and Displacement Sensors Market by End User
6.4 Rest of North America Proximity and Displacement Sensors Market
6.4.1 Rest of North America Proximity and Displacement Sensors Market by Type
6.4.2 Rest of North America Proximity and Displacement Sensors Market by End User
Chapter 7. Company Profiles
7.1 Omron Corporation
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent Strategies and Developments:
7.1.5.1 Product launches and product Expansions:
7.1.6 SWOT Analysis
7.2 Keyence Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Panasonic Holdings Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Kaman Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.5 Standex International Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Acquisition and Mergers:
7.6 Luna Innovations, Incorporated
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.7 Pepperl + Fuchs Group
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Product Launches and Product Expansions:
7.7.2.2 Acquisition and Mergers:
7.8 IFM Electronics GmbH
7.8.1 Company Overview
7.9 Hans Turck GmbH & Co. KG
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Product Launches and Product Expansions:
7.10. Lion Precision (Carlisle Companies Inc.)
7.10.1 Company Overview
TABLE 1 North America Proximity and Displacement Sensors Market, 2019 - 2022, USD Million
TABLE 2 North America Proximity and Displacement Sensors Market, 2023 - 2029, USD Million
TABLE 3 North America Proximity and Displacement Sensors Market by Type, 2019 - 2022, USD Million
TABLE 4 North America Proximity and Displacement Sensors Market by Type, 2023 - 2029, USD Million
TABLE 5 North America Inductive Sensor Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Inductive Sensor Market by Country, 2023 - 2029, USD Million
TABLE 7 North America Magnetic Sensor Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Magnetic Sensor Market by Country, 2023 - 2029, USD Million
TABLE 9 North America Photoelectric Sensor Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Photoelectric Sensor Market by Country, 2023 - 2029, USD Million
TABLE 11 North America Ultrasonic Sensor Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Ultrasonic Sensor Market by Country, 2023 - 2029, USD Million
TABLE 13 North America Capacitive Sensor Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Capacitive Sensor Market by Country, 2023 - 2029, USD Million
TABLE 15 North America LVDT Sensor Market by Country, 2019 - 2022, USD Million
TABLE 16 North America LVDT Sensor Market by Country, 2023 - 2029, USD Million
TABLE 17 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 19 North America Proximity and Displacement Sensors Market by End User, 2019 - 2022, USD Million
TABLE 20 North America Proximity and Displacement Sensors Market by End User, 2023 - 2029, USD Million
TABLE 21 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 23 North America Food & Beverages Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Food & Beverages Market by Country, 2023 - 2029, USD Million
TABLE 25 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Automotive Market by Country, 2023 - 2029, USD Million
TABLE 27 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Healthcare Market by Country, 2023 - 2029, USD Million
TABLE 29 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 31 North America Proximity and Displacement Sensors Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Proximity and Displacement Sensors Market by Country, 2023 - 2029, USD Million
TABLE 33 US Proximity and Displacement Sensors Market, 2019 - 2022, USD Million
TABLE 34 US Proximity and Displacement Sensors Market, 2023 - 2029, USD Million
TABLE 35 US Proximity and Displacement Sensors Market by Type, 2019 - 2022, USD Million
TABLE 36 US Proximity and Displacement Sensors Market by Type, 2023 - 2029, USD Million
TABLE 37 US Proximity and Displacement Sensors Market by End User, 2019 - 2022, USD Million
TABLE 38 US Proximity and Displacement Sensors Market by End User, 2023 - 2029, USD Million
TABLE 39 Canada Proximity and Displacement Sensors Market, 2019 - 2022, USD Million
TABLE 40 Canada Proximity and Displacement Sensors Market, 2023 - 2029, USD Million
TABLE 41 Canada Proximity and Displacement Sensors Market by Type, 2019 - 2022, USD Million
TABLE 42 Canada Proximity and Displacement Sensors Market by Type, 2023 - 2029, USD Million
TABLE 43 Canada Proximity and Displacement Sensors Market by End User, 2019 - 2022, USD Million
TABLE 44 Canada Proximity and Displacement Sensors Market by End User, 2023 - 2029, USD Million
TABLE 45 Mexico Proximity and Displacement Sensors Market, 2019 - 2022, USD Million
TABLE 46 Mexico Proximity and Displacement Sensors Market, 2023 - 2029, USD Million
TABLE 47 Mexico Proximity and Displacement Sensors Market by Type, 2019 - 2022, USD Million
TABLE 48 Mexico Proximity and Displacement Sensors Market by Type, 2023 - 2029, USD Million
TABLE 49 Mexico Proximity and Displacement Sensors Market by End User, 2019 - 2022, USD Million
TABLE 50 Mexico Proximity and Displacement Sensors Market by End User, 2023 - 2029, USD Million
TABLE 51 Rest of North America Proximity and Displacement Sensors Market, 2019 - 2022, USD Million
TABLE 52 Rest of North America Proximity and Displacement Sensors Market, 2023 - 2029, USD Million
TABLE 53 Rest of North America Proximity and Displacement Sensors Market by Type, 2019 - 2022, USD Million
TABLE 54 Rest of North America Proximity and Displacement Sensors Market by Type, 2023 - 2029, USD Million
TABLE 55 Rest of North America Proximity and Displacement Sensors Market by End User, 2019 - 2022, USD Million
TABLE 56 Rest of North America Proximity and Displacement Sensors Market by End User, 2023 - 2029, USD Million
TABLE 57 Key Information – Omron Corporation
TABLE 58 key information – Keyence Corporation
TABLE 59 Key Information – Panasonic Holdings Corporation
TABLE 60 Key Information – Kaman Corporation
TABLE 61 Key Information – Standex International Corporation
TABLE 62 key information – Luna Innovations, Incorporated
TABLE 63 Key Information – Pepperl + Fuchs Group
TABLE 64 Key Information – IFM Electronics GmbH
TABLE 65 key information – Hans Turck GmbH & Co. KG
TABLE 66 Key Information – Lion Precision
List of Figures
FIG 1 Methodology for the research
FIG 2 Market Share Analysis, 2021
FIG 3 North America Proximity and Displacement Sensors Market share by Type, 2022
FIG 4 North America Proximity and Displacement Sensors Market share by Type, 2029
FIG 5 North America Proximity and Displacement Sensors Market by Type, 2019 - 2029, USD Million
FIG 6 North America Proximity and Displacement Sensors Market share by End User, 2022
FIG 7 North America Proximity and Displacement Sensors Market share by End User, 2029
FIG 8 North America Proximity and Displacement Sensors Market by End User, 2019 - 2029, USD Million
FIG 9 North America Proximity and Displacement Sensors Market share by Country, 2022
FIG 10 North America Proximity and Displacement Sensors Market share by Country, 2029
FIG 11 North America Proximity and Displacement Sensors Market by Country, 2019 - 2029, USD Million
FIG 12 SWOT Analysis: Omron Corporation
FIG 13 SWOT Analysis: Keyence Corporation
FIG 14 SWOT Analysis: Panasonic Holdings Corporation
FIG 15 Recent strategies and developments: Pepperl + Fuchs Group