Proximity sensor market projected to grow to USD 6.6 billion by 2030
Summary: The proximity sensor market is 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%.
Key drivers include the use of proximity sensors in smart logistics, healthcare infection control, and building automation. Inductive proximity sensors are expected to dominate the market, particularly in safety applications and industrial automation.
The Asia Pacific region is anticipated to experience the highest growth, driven by China's "Manufacturing 2025" initiative and the adoption of Industry 4.0 technologies. Major companies in the market include OMRON, KEYENCE, and Panasonic.
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