Latin America Proximity Sensors Market Size, Industry | 2031
Latin America Proximity Sensors Market Size, Industry | 2031
Segments - 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) - Latin America Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :ICT-SE-1713
| 4.9 Rating
| 68 Reviews
| 174 Pages
| Format :
Report Description
The Latin America Proximity Sensors Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 6.3% during the forecast period, 2023 – 2031. 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.
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
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Increasing demand for contactless sensing technology is anticipated to fuel the market expansion in the coming years.
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Rapid growth of the automobiles industry is major factors driving the market growth.
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High initial investment for implementation of integrated systems is estimated to hinder the market expansion during the forecast period.
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Lack of skilled professionals for deployment of the technology act as main challenge that can impede the market growth.
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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.
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Attributes |
Details |
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Report Title |
Latin America Proximity Sensors Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Technology (Capacitive, Magnetic, Inductive, and Photoelectric), End-user Verticals (Automotive, Consumer Electronics, Aerospace & Defense, Industrial, Food & Beverage, and Others) |
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Country |
Brazil, Mexico, Argentina, and Rest of Latin America |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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.
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
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,
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In May 2019, STMicroelectronics NV launched Sensor making internet of things accessible to connect to Microsoft’s Azure.
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In June 2020, Zebra Technologies Corporation, it enables business to gain a performance edge, launched Zebra MotionWorks Proximity.
Table Of Content
1. Executive Summary2. 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
Methodology
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