Middle East and Arica Proximity Sensor Market – Industry Trends and Forecast to 2030

Middle East and Arica Proximity Sensor Market, By Technology (Inductive, Capacitive, Photoelectric, Magnetic, Ultrasonic and Others), Product (Fixed Distance and Adjustable Distance), Sensing Range (0mm-10mm, 10mm-40mm, 40mm-60mm, 60mm-80mm and Greater than 80mm), Channel Type (Single Channel and Multi-Channel), Application (Ground Proximity Warning System, Parking Sensor Systems, Assembly Line Automation, Anti-Aircraft Warfare, Roller Coasters, Vibration Monitoring System, Mobile Devices, Conveyor Systems, Detection of Object, Position, Inspection and Counting and Others), Type (Rectangular Inductive Sensor, Cylindrical Inductive Sensor, Ring Inductive Sensor and Slot Inductive Sensor), End-User (Aerospace and Defense, Automotive, Building Automation, Industrial, Consumer Electronics (Smartphones and Tablets), Food and Beverage, Pharmaceutical, Construction, Energy and Other) - Industry Trends and Forecast to 2030.

Middle East and Arica Proximity Sensor Market Analysis and Size

Proximity sensors have applications in numerous industry vertical, such as consumer electronic products, IT and telecommunication, and automotive, among others. The continuous technological advancements has led to the increasing adoption of proximity sensors to various applications in consumer products which is fuelling the market growth.  Increasing adoption of proximity sensors for automobile industry is acting as a driving factor for the growth of the Middle East and Africa proximity sensor market. Proximity sensor has certain limitation in the sensing capabilities which restricts the adoption of sensors and acts as a restraining factor for the growth of the Middle East and Africa proximity sensor market. Increasing use of automation across various industries such as manufacturing, power and others were also increasing the need to adopt proximity sensors and creating a window of opportunity for the growth of the proximity sensor market. Designing miniaturized sensors without compromising on quality acts as a challenge for the Middle East and Africa proximity sensor market growth.

Data Bridge Market Research analyses that the Middle East and Arica proximity sensor market was valued at USD 8.23 billion in 2022 and is expected to reach USD 12.98 billion by 2030, registering a CAGR of 5.9% during the forecast period of 2023-2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Middle East and Arica Proximity Sensor Market Scope and Segmentation

Market Definition

Proximity sensor refers to all sensors which perform non-contact detection and which detect objects without physically contacting them. Proximity sensors convert information on the movement or presence of an object into an electrical signal. These sensors are used to detect any object or a target without the need for any physical contact. These sensors are used in parking lots, mobile phones, conveyor systems and many other industrial applications.

Middle East and Arica Proximity Sensor Market Dynamics

Drivers

• High Adoption of Proximity Sensor

The increase in the adoption of accelerometer due to the benefits offered by these sensors, such as simple installation, good response at high frequencies, and low cost acts as one of the major factors driving the growth proximity sensor market. These sensors are also used for measuring high vibration levels of robotic machinery in high-end industrial applications.

• Demand for Micro-Electromechanical System (MEMS)

The rise in demand for Micro-Electromechanical System (MEMS)-based vibration sensors, including aerospace and defense, and automobile, among others accelerate the market growth. Also, these sensors are capable of controlling the damage caused to critical materials during high-speed activities.

• Use in Navigation Systems

The surge in the navigation systems where GPS is not available, such as submarines and satellites further influence the market. The adoption of automated condition monitoring technologies for development of smart factories has a positive impact on the market. In addition, rapid industrialization, surge in investments and development of manufacturing sectors positively affect the proximity sensor market.

Opportunity

• Growing Research Activities for Development

The research activities for development of more applications extends profitable opportunities to the market players in the forecast period of 2023 to 2030. Also, high investments in smart city projects will further assist in the expansion of the market.

Restraint/Challenge

• HIGH Initial Investments

On the other hand, increase in need for high initial investments in the manufacturing of numerous components is expected to obstruct market growth. Also, stringent regulations are projected to challenge the proximity sensor market in the forecast period of 2023-2030.

This Middle East and Africa proximity sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Middle East and Africa proximity sensor market contact Data Bridge Market Research for an Analyst Brief, Our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In February 2022, STMicroelectronics launched its latest product line of high resolution ToF sensore for 3D mapping which has its applications in smartphone and other electronic devices
• 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 as 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

Middle East and Arica Proximity Sensor Market Scope

The Middle East and Arica proximity sensor market is segmented on the basis of technology, product, sensing range, channel type, application, type and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Technology

• Inductive
• Capacitive
• Photoelectric
• Magnetic
• Ultrasonic
• Others

Product

• Fixed Distance
• Adjustable Distance

Sensing Range

• 0mm-10mm
• 10mm-40mm
• 40mm-60mm
• 60mm-80mm
• Greater than 80mm

Channel Type

• Single Channel
• Multi-Channel

Application

• Ground Proximity Warning System
• Parking Sensor Systems
• Assembly Line Automation
• Anti-Aircraft Warfare
• Roller Coasters
• Vibration Monitoring System
• Mobile Devices
• Conveyor Systems
• Detection of Object
• Position
• Inspection and Counting
• Others

Type

• Rectangular Inductive Sensor
• Cylindrical Inductive Sensor
• Ring Inductive Sensor
• Slot Inductive Sensor

End-User

• Aerospace and Defense
• Automotive
• Building Automation
• Industrial
• Consumer Electronics
• Smartphones
• Tablets
• Food and Beverage
• Pharmaceutical
• Construction
• Energy
• Other

Middle East and Arica Proximity Sensor Market Regional Analysis/Insights

The Middle East and Arica proximity sensor market is analysed and market size insights and trends are provided by country, technology, product, sensing range, channel type, application, type and end-user as referenced above.

The countries covered in the Middle East and Arica proximity sensor market report are U.A.E., Saudi Arabia, Egypt, Israel, South Africa, and Rest of Middle East and Africa

U.A.E. dominates and is expected to be the fastest growing country in the Middle East and Africa proximity sensor market during the forecast period of 2023 to 2030, due to the owing to factors such as intense focus toward automation of business processes, growing adoption of contactless sensing technology.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.     

Competitive Landscape and Middle East and Arica Proximity Sensor Market Share Analysis

Middle East and Arica proximity sensor market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the Middle East and Arica proximity sensor market.

Some of the major players operating in the Middle East and Arica proximity sensor market are:

• Delta Electronics, Inc. (Taiwan)
• Datalogic S.p.A. (Italy)
• STMicroelectronics (Switzerland)
• OMRON Corporation (Japan)
• Rockwell Automation, Inc. (U.S.)
• Schneider Electric (France)
• Pepperl+Fuchs SE (Germany)
• Honeywell International Inc. (U.S.)
• Panasonic Corporation (Japan)
• SICK AG (Germany)
• Baumer (Switzerland)
• Autonics Corporation (South Korea)
• Broadcom (U.S.)
• Infineon Technologies AG (Germany)
• Balluff Automation India Pvt. Ltd. (India)
• Hans Turck GmbH & Co. KG (Germany)
• Eaton (Ireland)