Magnetic Proximity Sensor Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Magnetic Proximity Sensors are utilized for non-contact position detection over the normal limits of inductive sensors. The magnetic proximity sensors have a strong sensing ranges from a very small package size and can detect a magnet through walls of stainless steel, non-ferrous metal, plastic and aluminum. The magnetic proximity sensors uses giant magneto resistive effect technology for the working. The key market drivers for magnetic proximity sensors market are, increase in trend of automation and rise in demand for non-sensing technology.
MARKET DYNAMICS
The key market drivers for magnetic proximity sensor market are, increase in trend of automation and rise in demand for non-sensing technology, growing applications of magnetic proximity sensors in various industry verticals like defense, automotive. Moreover, factors like, increased repeatability, high accuracy and small part of detection are likely to fuel market growth during the forecast period. However, there are some limitations of sensing technology such as it is expensive in nature and it need a expert person to take readings so this is expected to restrain market growth during the forecast period.
MARKET SCOPE
The "Global Magnetic Proximity Sensor Market Analysis to 2031" is a specialized and in-depth study of the magnetic proximity sensor market with a special focus on the global market trend analysis. The report aims to provide an overview of magnetic proximity sensor market with detailed market segmentation by sensing range and application. The global magnetic proximity sensor market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading magnetic proximity sensor market player and offers key trends and opportunities in the magnetic proximity sensor market.
MARKET SEGMENTATION
The global magnetic proximity sensor market is segmented on the basis of sensing range and application. On the basis of sensing range the market is segmented as, 0 mm to 20 mm, 20 mm to 40 mm, greater than 40 mm. Further, on the basis of application the market is segmented as, aerospace and defense, automotive, consumer electronics, building automation, other applications.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global magnetic proximity sensor market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The magnetic proximity sensor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report also includes the profiles affecting magnetic proximity sensor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the magnetic proximity sensor market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global magnetic proximity sensor market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The magnetic proximity sensor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report also includes the profiles affecting magnetic proximity sensor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the magnetic proximity sensor market in these regions.
MARKET PLAYERS
The reports cover key developments in the magnetic proximity sensor market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from magnetic proximity sensor market are anticipated to lucrative growth opportunities in the future with the rising demand for magnetic proximity sensor market. Below mentioned is the list of few companies engaged in the magnetic proximity sensor market.
The report also includes the profiles of key magnetic proximity sensor market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Sick AG
- OMRON Corporation
- Honeywell International Inc
- Rockwell Automation, Inc
- GENERAL ELECTRIC
- Gentec International
- Eaton
- Panasonic
- Fargo Controls Inc
- Balluff Automation India Pvt. Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Magnetic Proximity Sensor Market - By Sensing Range
1.3.2 Magnetic Proximity Sensor Market - By Application
1.3.3 Magnetic Proximity Sensor Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MAGNETIC PROXIMITY SENSOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. MAGNETIC PROXIMITY SENSOR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MAGNETIC PROXIMITY SENSOR MARKET - GLOBAL MARKET ANALYSIS
6.1. MAGNETIC PROXIMITY SENSOR - GLOBAL MARKET OVERVIEW
6.2. MAGNETIC PROXIMITY SENSOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MAGNETIC PROXIMITY SENSOR MARKET - REVENUE AND FORECASTS TO 2028 - SENSING RANGE
7.1. OVERVIEW
7.2. SENSING RANGE MARKET FORECASTS AND ANALYSIS
7.3. 0 MM TO 20 MM
7.3.1. Overview
7.3.2. 0 mm to 20 mm Market Forecast and Analysis
7.4. 20 MM TO 40 MM
7.4.1. Overview
7.4.2. 20 mm to 40 mm Market Forecast and Analysis
7.5. GREATER THAN 40 MM
7.5.1. Overview
7.5.2. Greater than 40 mm Market Forecast and Analysis
8. MAGNETIC PROXIMITY SENSOR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AEROSPACE AND DEFENSE
8.3.1. Overview
8.3.2. Aerospace and Defense Market Forecast and Analysis
8.4. AUTOMOTIVE
8.4.1. Overview
8.4.2. Automotive Market Forecast and Analysis
8.5. CONSUMER ELECTRONICS
8.5.1. Overview
8.5.2. Consumer Electronics Market Forecast and Analysis
8.6. BUILDING AUTOMATION
8.6.1. Overview
8.6.2. Building Automation Market Forecast and Analysis
8.7. OTHER APPLICATIONS
8.7.1. Overview
8.7.2. Other Applications Market Forecast and Analysis
9. MAGNETIC PROXIMITY SENSOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Magnetic Proximity Sensor Market Overview
9.1.2 North America Magnetic Proximity Sensor Market Forecasts and Analysis
9.1.3 North America Magnetic Proximity Sensor Market Forecasts and Analysis - By Sensing Range
9.1.4 North America Magnetic Proximity Sensor Market Forecasts and Analysis - By Application
9.1.5 North America Magnetic Proximity Sensor Market Forecasts and Analysis - By Countries
9.1.5.1 United States Magnetic Proximity Sensor Market
9.1.5.1.1 United States Magnetic Proximity Sensor Market by Sensing Range
9.1.5.1.2 United States Magnetic Proximity Sensor Market by Application
9.1.5.2 Canada Magnetic Proximity Sensor Market
9.1.5.2.1 Canada Magnetic Proximity Sensor Market by Sensing Range
9.1.5.2.2 Canada Magnetic Proximity Sensor Market by Application
9.1.5.3 Mexico Magnetic Proximity Sensor Market
9.1.5.3.1 Mexico Magnetic Proximity Sensor Market by Sensing Range
9.1.5.3.2 Mexico Magnetic Proximity Sensor Market by Application
9.2. EUROPE
9.2.1 Europe Magnetic Proximity Sensor Market Overview
9.2.2 Europe Magnetic Proximity Sensor Market Forecasts and Analysis
9.2.3 Europe Magnetic Proximity Sensor Market Forecasts and Analysis - By Sensing Range
9.2.4 Europe Magnetic Proximity Sensor Market Forecasts and Analysis - By Application
9.2.5 Europe Magnetic Proximity Sensor Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Magnetic Proximity Sensor Market
9.2.5.1.1 Germany Magnetic Proximity Sensor Market by Sensing Range
9.2.5.1.2 Germany Magnetic Proximity Sensor Market by Application
9.2.5.2 France Magnetic Proximity Sensor Market
9.2.5.2.1 France Magnetic Proximity Sensor Market by Sensing Range
9.2.5.2.2 France Magnetic Proximity Sensor Market by Application
9.2.5.3 Italy Magnetic Proximity Sensor Market
9.2.5.3.1 Italy Magnetic Proximity Sensor Market by Sensing Range
9.2.5.3.2 Italy Magnetic Proximity Sensor Market by Application
9.2.5.4 United Kingdom Magnetic Proximity Sensor Market
9.2.5.4.1 United Kingdom Magnetic Proximity Sensor Market by Sensing Range
9.2.5.4.2 United Kingdom Magnetic Proximity Sensor Market by Application
9.2.5.5 Russia Magnetic Proximity Sensor Market
9.2.5.5.1 Russia Magnetic Proximity Sensor Market by Sensing Range
9.2.5.5.2 Russia Magnetic Proximity Sensor Market by Application
9.2.5.6 Rest of Europe Magnetic Proximity Sensor Market
9.2.5.6.1 Rest of Europe Magnetic Proximity Sensor Market by Sensing Range
9.2.5.6.2 Rest of Europe Magnetic Proximity Sensor Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Magnetic Proximity Sensor Market Overview
9.3.2 Asia-Pacific Magnetic Proximity Sensor Market Forecasts and Analysis
9.3.3 Asia-Pacific Magnetic Proximity Sensor Market Forecasts and Analysis - By Sensing Range
9.3.4 Asia-Pacific Magnetic Proximity Sensor Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Magnetic Proximity Sensor Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Magnetic Proximity Sensor Market
9.3.5.1.1 Australia Magnetic Proximity Sensor Market by Sensing Range
9.3.5.1.2 Australia Magnetic Proximity Sensor Market by Application
9.3.5.2 China Magnetic Proximity Sensor Market
9.3.5.2.1 China Magnetic Proximity Sensor Market by Sensing Range
9.3.5.2.2 China Magnetic Proximity Sensor Market by Application
9.3.5.3 India Magnetic Proximity Sensor Market
9.3.5.3.1 India Magnetic Proximity Sensor Market by Sensing Range
9.3.5.3.2 India Magnetic Proximity Sensor Market by Application
9.3.5.4 Japan Magnetic Proximity Sensor Market
9.3.5.4.1 Japan Magnetic Proximity Sensor Market by Sensing Range
9.3.5.4.2 Japan Magnetic Proximity Sensor Market by Application
9.3.5.5 South Korea Magnetic Proximity Sensor Market
9.3.5.5.1 South Korea Magnetic Proximity Sensor Market by Sensing Range
9.3.5.5.2 South Korea Magnetic Proximity Sensor Market by Application
9.3.5.6 Rest of Asia-Pacific Magnetic Proximity Sensor Market
9.3.5.6.1 Rest of Asia-Pacific Magnetic Proximity Sensor Market by Sensing Range
9.3.5.6.2 Rest of Asia-Pacific Magnetic Proximity Sensor Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Magnetic Proximity Sensor Market Overview
9.4.2 Middle East and Africa Magnetic Proximity Sensor Market Forecasts and Analysis
9.4.3 Middle East and Africa Magnetic Proximity Sensor Market Forecasts and Analysis - By Sensing Range
9.4.4 Middle East and Africa Magnetic Proximity Sensor Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Magnetic Proximity Sensor Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Magnetic Proximity Sensor Market
9.4.5.1.1 South Africa Magnetic Proximity Sensor Market by Sensing Range
9.4.5.1.2 South Africa Magnetic Proximity Sensor Market by Application
9.4.5.2 Saudi Arabia Magnetic Proximity Sensor Market
9.4.5.2.1 Saudi Arabia Magnetic Proximity Sensor Market by Sensing Range
9.4.5.2.2 Saudi Arabia Magnetic Proximity Sensor Market by Application
9.4.5.3 U.A.E Magnetic Proximity Sensor Market
9.4.5.3.1 U.A.E Magnetic Proximity Sensor Market by Sensing Range
9.4.5.3.2 U.A.E Magnetic Proximity Sensor Market by Application
9.4.5.4 Rest of Middle East and Africa Magnetic Proximity Sensor Market
9.4.5.4.1 Rest of Middle East and Africa Magnetic Proximity Sensor Market by Sensing Range
9.4.5.4.2 Rest of Middle East and Africa Magnetic Proximity Sensor Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Magnetic Proximity Sensor Market Overview
9.5.2 South and Central America Magnetic Proximity Sensor Market Forecasts and Analysis
9.5.3 South and Central America Magnetic Proximity Sensor Market Forecasts and Analysis - By Sensing Range
9.5.4 South and Central America Magnetic Proximity Sensor Market Forecasts and Analysis - By Application
9.5.5 South and Central America Magnetic Proximity Sensor Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Magnetic Proximity Sensor Market
9.5.5.1.1 Brazil Magnetic Proximity Sensor Market by Sensing Range
9.5.5.1.2 Brazil Magnetic Proximity Sensor Market by Application
9.5.5.2 Argentina Magnetic Proximity Sensor Market
9.5.5.2.1 Argentina Magnetic Proximity Sensor Market by Sensing Range
9.5.5.2.2 Argentina Magnetic Proximity Sensor Market by Application
9.5.5.3 Rest of South and Central America Magnetic Proximity Sensor Market
9.5.5.3.1 Rest of South and Central America Magnetic Proximity Sensor Market by Sensing Range
9.5.5.3.2 Rest of South and Central America Magnetic Proximity Sensor Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MAGNETIC PROXIMITY SENSOR MARKET, KEY COMPANY PROFILES
11.1. SICK AG
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. OMRON CORPORATION
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HONEYWELL INTERNATIONAL INC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ROCKWELL AUTOMATION, INC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GENERAL ELECTRIC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GENTEC INTERNATIONAL
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. EATON
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PANASONIC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. FARGO CONTROLS INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. BALLUFF AUTOMATION INDIA PVT. LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Sick AG
2. OMRON Corporation
3. Honeywell International Inc
4. Rockwell Automation, Inc
5. GENERAL ELECTRIC
6. Gentec International
7. Eaton
8. Panasonic
9. Fargo Controls Inc
10. Balluff Automation India Pvt. Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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