• / Free eNewsletters & Magazine
  • / My Account
Home>Global Proximity Sensor Market 2017-2021 with GE, Honeywell, Panasonic & OMRON Dominating - Research and Markets

Global Proximity Sensor Market 2017-2021 with GE, Honeywell, Panasonic & OMRON Dominating - Research and Markets

Global Proximity Sensor Market 2017-2021 with GE, Honeywell, Panasonic & OMRON Dominating - Research and Markets

10/05/2017

Global Proximity Sensor Market 2017-2021 with GE, Honeywell, Panasonic & OMRON Dominating - Research and Markets

The "Global Proximity Sensor Market 2017-2021" report has been added to Research and Markets' offering

The global proximity sensor market to grow at a CAGR of 8.77% during the period 2017-2021.

Global Proximity Sensor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of theKey vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of various types of proximity sensors, including inductive, photoelectric, capacitive, magnetic, and ultrasonic.

The latest trend gaining momentum in the market is Integration of ALS and proximity sensors into a single module. The trend of miniaturization of electronic devices, specifically mobile computing devices, has resulted in the integration of components into a single module. ALS and proximity sensing are optical systems that use a sensing light-emitting diode (LED). The integration of ALS into proximity sensors along with an LED lighting source has resulted in significant benefits, including the ease of implementation and faster time to market

According to the report, one of the major drivers for this market is Increasing awareness of monitoring and safety systems in automobiles. Proximity sensors are increasingly being used in different automobile parts, such as in front assist, rearview assist, and side assist monitoring systems. They are also used for gesture control for audio, navigation, HVAC, and smartphone connectivity functions.

Key vendors

  • General Electric
  • Honeywell
  • Panasonic
  • OMRON

Other prominent vendors

©2017 Morningstar Advisor. All right reserved.