Broadcom, STMicroelectronics, and Panasonic Corporation are Dominating the Global Proximity Sensor Market in 2020

Global Proximity Sensor Market is expected to grow with the CAGR of 7.1% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global proximity sensor market is a fragmented market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global proximity sensor market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In June 2020, STMicroelectronics announced the launch of FlightSense ToF ranging sensors named VL53L3CX. This ToF VL53L3CX sensor measures object ranges from 2.5 cm to 3 m, allowing them to introduce features like occupancy detectors or report the exact distances to multiple targets within the sensor’s field-of-view. This will help the company to enhance its offerings in the market.

Some of the major players operating in the proximity sensor market are Delta Electronics, Inc., Datalogic S.p.A., STMicroelectronics, OMRON Corporation, Rockwell Automation, Inc., Schneider Electric, Pepperl+Fuchs SE, Honeywell International Inc., Panasonic Corporation, SICK AG, Baumer Holding AG , Contrinex AG, Autonics Corporation, Broadcom, Semtech Corporation, Infineon Technologies AG, Balluff Automation India Pvt. Ltd., Hans Turck GmbH & Co. KG, Fargo Controls Inc. and Eaton among others.

Global Proximity Sensor MarketBroadcom

Broadcom is headquartered in California; U.S. was founded in year 1991. The company is engaged in designing and providing proximity sensors to the customers. The business segments of the company include semiconductor solutions and infrastructure software. The market focused business segment is semiconductor solutions. The product categories of the company are storage and systems, optical products, mainframe software, wired connectivity enterprise software and security out of which optical products is the market focused categoiry. In August 2013, Broadcom announced collaboration with Nordic Semiconductor ASA to develop Bluetooth low energy proximity fob prototype for mobile device security. This proximity fob sensor was designed to prevent a device being accessed in the owner’s absence. This has helped the company to enhance its offerings in the market.

The company has presence in Americas, Asia-Pacific, Europe, Middle East and Africa. Some of the subsidiaries of the company include Broadcom Corporation (U.S.), CA Technologies (U.S.), Brocade Communications Systems (U.S.), LSI Corporation (U.S.) and Emulex (U.S.) among others.     

STMicroelectronics

STMicroelectronics is headquartered in Geneva, Switzerland. The company is engaged in manufacturing and providing proximity and ranging sensors based on Time-of-Flight (ToF) technology to industries. The business segments of the company include automotive and discrete group (ADG), analog, and MEMS and sensors group (AMS), and microcontrollers and digital ICS group (MDG). The market focused business segment is MEMS and sensors. The product categories of the company are amplifiers and comparators, power transistors, power modules, protection devices, and others out of which MEMS and sensors is the market focused category. In June 2020, STMicroelectronics announced the launch of FlightSense ToF ranging sensors named VL53L3CX. This ToF VL53L3CX sensor measures object ranges from 2.5 cm to 3 m, allowing them to introduce features like occupancy detectors or report the exact distances to multiple targets within the sensor’s field-of-view. This will help the company to enhance its offerings in the market.

The company has presence in America, Asia-Pacific, Europe, Middle East and Africa. Some of the subsidiaries of the company include Shanghai Blue Media Software Technology Co. Ltd. (Shanghai), STMicroelectronics Iberia S.A.U. (Iberia), STMicroelectronics (Shanghai) Co. Ltd (Shanghai), ST-Ericsson Belgium N.V. (Belgium) and others.

Panasonic Corporation

Panasonic Corporation is headquartered in Osaka, Japan and is founded in 1918. The company focus on providing extensive range of solutions such as batteries, electronic materials, industrial devices, electronic components. The business segments of the company include appliances, life solutions, connected solutions, automotive, industrial solutions, and others. The market focused business segment is industrial solutions. The product categories of the company include Air Conditioning, Automation Controls, Blu-Ray Disc, Broadcast & Professional Video, Business Fax, Document Scanner, Electronic Whiteboard, Housing Equipment Devices, IP Phone, Lighting, Mobile PC / Tablet, Multi-Function Laser, Out-of-Stock Detection, Photovoltaic, POS Workstation, Professional Displays, Projector, SD, Memory Card, Video Intercom, Visual Sort Assist and Wiring Devices out of which Automation Controls is the market focused category.

For instance,

  • In February 2020, Panasonic Corporation announced the launch of time-of-flight (TOF) technology integrated image sensors. This sensor can acquire highly accurate 3D information from near to far places at distances up to 250 m. This has helped the company to enhance its offerings in the market.

The company has presence in Americas, Asia-Pacific, Europe, Middle East and Africa. Some of the subsidiaries of the company include Sanyo (Japan), JVC (Japan), Panasonic U.K. Ltd. (U.K.), KDK (Japan), Panasonic Australia (Australia) and others.