Proximity Sensors Market

Latin America Proximity Sensors Market by Technology (Capacitive, Magnetic, Inductive, and Photoelectric), End-user Verticals (Automotive, Consumer Electronics, Aerospace & Defense, Industrial, Food & Beverage, and Others), and Country (Brazil, Mexico, Argentina, and Rest of Latin America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-1713
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 174
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The Latin America proximity sensors market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for proximity sensors in consumer’s products such as laptops, Smartphone’s, and smart homes devices.

Latin America Proximity Sensors Market key Takeaways

A proximity sensor is a non-contact sensor that detects the presence of nearby objects without touching or any physical contacts. There are various types of proximity sensors including inductive, photocell, inductive, infrared, Doppler effects, and capacitive that are modified according to its working principle. Lack of physical contact between the sensor & object and absence of mechanical parts has long functional and high security.

Proximity sensors is used in various applications such as recycling plants, anti-aircrafts systems, phones, self-driving cars, and assembly lines. It is also used for the variation in distance of shaft and bearing support in the machine vibration monitoring. It is an adjusted to very short range that is used as a touch switch. It stops the collisions while parking with pedestrians.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for contactless sensing technology is anticipated to fuel the market expansion in the coming years.
  • Rapid growth of the automobiles industry is major factors driving the market growth.
  • High initial investment for implementation of integrated systems is estimated to hinder the market expansion during the forecast period.
  • Lack of skilled professionals for deployment of the technology act as main challenge that can impede the market growth.
  • R&D investment and technological advancement in proximity sensors is expected to offer significant opportunities for the market players.

Scope of the Report

The report on the Latin America proximity sensors market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Latin America Proximity Sensors Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Technology (Capacitive, Magnetic, Inductive, and Photoelectric), End-user Verticals (Automotive, Consumer Electronics, Aerospace & Defense, Industrial, Food & Beverage, and Others)

Country

Brazil, Mexico, Argentina, and Rest of Latin America

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

SICK AG; Delta Electronics Inc.; Panasonic Corporation; STMicroelectronics NV; and Datalogic SpA

 

Market Segment Insights:

Inductive segment is projected to account for a large market share

Based on technology, the Latin America proximity sensors market is divided into capacitive, magnetic, inductive, and photoelectric. The inductive segment is expected to constitute a key share of the market during the forecast period owing to its accuracy compared together technologies and capability of working in a harsh environment. However, the magnetic segment is anticipated to expand at a rapid pace during the forecast period due to it identifies magnets through walls constructed of plastic, stainless steel, wood, aluminum, and non-ferrous metal.

Automotive segment is projected to hold a key market share

On the basis of end-user verticals, the market is segmented into automotive, consumer electronics, aerospace & defense, industrial, food & beverage, and others. The automotive segment is expected to represent a key share of the market in the coming years due to bulk requirements of the sensors in the industry. These sensors are used to in various applications such as keyless entry system, interior lightning control, incorporate infotainment system, and 3D gesture.

Latin America Proximity Sensors Market by End User Verticals

Brazil is expected to dominate the market

On the basis of country, the Latin America proximity sensors market is categorized as Brazil, Mexico, Argentina, and Rest of Latin America. The market of Brazil is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to broad range of industries ranging from automobiles & aircrafts to computers and consumer durables. Also, the country has the largest manufacturing sector.

Segments

Segments Covered in the Report
The Latin America proximity sensors market has been segmented on the basis of

Technology

  • Capacitive
  • Magnetic
  • Inductive
  • Photoelectric

End-user Verticals

  • Automotive
  • Consumer Electronics
  • Aerospace & Defense
  • Industrial
  • Food & Beverage
  • Others

Country

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

Key Players

  • SICK AG
  • Delta Electronics Inc.
  • Panasonic Corporation
  • STMicroelectronics NV
  • Datalogic SpA

Competitive Landscape

Key players competing in the Latin America proximity sensors market include SICK AG; Delta Electronics Inc.; Panasonic Corporation; STMicroelectronics NV; and Datalogic SpA. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,

  • In May 2019, STMicroelectronics NV launched Sensor making internet of things accessible to connect to Microsoft’s Azure.
  • In June 2020, Zebra Technologies Corporation, it enables business to gain a performance edge, launched Zebra MotionWorks Proximity.
Latin America Proximity Sensors Market by key players
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Proximity Sensors Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Proximity Sensors Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Proximity Sensors Market - Supply Chain
  4.5. Global Proximity Sensors Market Forecast
     4.5.1. Proximity Sensors Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Proximity Sensors Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Proximity Sensors Market Absolute $ Opportunity
5. Global Proximity Sensors Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Proximity Sensors Market Size and Volume Forecast by End Users
     5.3.1. Automotive
     5.3.2. Consumer Electronics
     5.3.3. Aerospace & Defense
     5.3.4. Industrial
     5.3.5. Food & Beverage
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Proximity Sensors Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Proximity Sensors Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Proximity Sensors Demand Share Forecast, 2019-2026
7. North America Proximity Sensors Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Proximity Sensors Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Proximity Sensors Market Size and Volume Forecast by End Users
     7.4.1. Automotive
     7.4.2. Consumer Electronics
     7.4.3. Aerospace & Defense
     7.4.4. Industrial
     7.4.5. Food & Beverage
     7.4.6. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Proximity Sensors Demand Share Forecast, 2019-2026
8. Latin America Proximity Sensors Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Proximity Sensors Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Proximity Sensors Market Size and Volume Forecast by End Users
     8.4.1. Automotive
     8.4.2. Consumer Electronics
     8.4.3. Aerospace & Defense
     8.4.4. Industrial
     8.4.5. Food & Beverage
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Proximity Sensors Demand Share Forecast, 2019-2026
9. Europe Proximity Sensors Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Proximity Sensors Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Proximity Sensors Market Size and Volume Forecast by End Users
     9.4.1. Automotive
     9.4.2. Consumer Electronics
     9.4.3. Aerospace & Defense
     9.4.4. Industrial
     9.4.5. Food & Beverage
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Proximity Sensors Demand Share Forecast, 2019-2026
10. Asia Pacific Proximity Sensors Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Proximity Sensors Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Proximity Sensors Market Size and Volume Forecast by End Users
     10.4.1. Automotive
     10.4.2. Consumer Electronics
     10.4.3. Aerospace & Defense
     10.4.4. Industrial
     10.4.5. Food & Beverage
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Proximity Sensors Demand Share Forecast, 2019-2026
11. Middle East & Africa Proximity Sensors Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Proximity Sensors Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Proximity Sensors Market Size and Volume Forecast by End Users
     11.4.1. Automotive
     11.4.2. Consumer Electronics
     11.4.3. Aerospace & Defense
     11.4.4. Industrial
     11.4.5. Food & Beverage
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Proximity Sensors Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Proximity Sensors Market: Market Share Analysis
  12.2. Proximity Sensors Distributors and Customers
  12.3. Proximity Sensors Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. SICK AG
     12.4.2. Delta Electronics Inc.
     12.4.3. Panasonic Corporation
     12.4.4. STMicroelectronics NV
     12.4.5. Datalogic SpA

Segments Covered in the Report
The Latin America proximity sensors market has been segmented on the basis of

Technology

  • Capacitive
  • Magnetic
  • Inductive
  • Photoelectric

End-user Verticals

  • Automotive
  • Consumer Electronics
  • Aerospace & Defense
  • Industrial
  • Food & Beverage
  • Others

Country

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

Key Players

  • SICK AG
  • Delta Electronics Inc.
  • Panasonic Corporation
  • STMicroelectronics NV
  • Datalogic SpA

Key players competing in the Latin America proximity sensors market include SICK AG; Delta Electronics Inc.; Panasonic Corporation; STMicroelectronics NV; and Datalogic SpA. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instance,

  • In May 2019, STMicroelectronics NV launched Sensor making internet of things accessible to connect to Microsoft’s Azure.
  • In June 2020, Zebra Technologies Corporation, it enables business to gain a performance edge, launched Zebra MotionWorks Proximity.
Latin America Proximity Sensors Market by key players

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