Proximity sensor market projected to grow to USD 6.6 billion by 2030
Summary: The proximity sensor market was valued at USD 4.3 billion in 2024 and is projected to grow to USD 6.6 billion by 2030, with a compound annual growth rate of 7.5%. This growth is driven by increased use in smart logistics, healthcare, and building automation.
Inductive proximity sensors are expected to dominate the market, particularly for safety applications in industrial settings. The automotive sector also shows significant demand, with companies like Tesla and BMW using these sensors for keyless entry and other features.
The Asia Pacific region is anticipated to experience the highest growth rate, fueled by China's push for advanced manufacturing technologies under the "China Manufacturing 2025" initiative.
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