This in-depth market data research is split into two key modules: Market Growth Outlook and Competitive Analysis. Each of these modules is further configured into several sub-modules to meet the needs of executives as well as marketing, sales, and product development managers. All of these modules and sub-modules may be purchased as a bundle or separately. A brief description of these modules, sub-modules, and their use cases is included below.
This Proximity Sensors market research delivers current market analysis plus a five year market and technology forecast. It is available in multiple editions including worldwide, all regions, and most major countries. The research covers Smart Sensors, Sensor-to-Cloud, IO-Link and CompoNet, Capacitive Sensors, Inductive Sensors, Ultrasonic Sensors, Intelligent Devices and Industrial IoT, Strategic Analysis, Market Size, Industry Trends, Historical Analysis.
Proximity Sensors Market Driven by Demand for Digitalization
ARC Advisory Group research reveals that the Proximity Sensors market grew by high-single digits in 2022. Digital transformation is driving the demand for proximity sensors in automation. These sensors play a crucial role in precise object detection, enabling seamless operation and supporting smart manufacturing. With various types and designs available, proximity sensors contribute to improved efficiency and connectivity in digitalized industries. ARC’s Proximity Sensors research provides a detailed analysis of proximity sensor technologies, such as inductive, capacitive, and ultrasonic, which are used across a wide range of industries across the globe.
Proximity Sensors Strategic Issues
In addition to providing a five-year market forecast, the Proximity Sensors market research provides detailed quantitative current market data and addresses key strategic issues as follows.
Focus on Asset and Energy Management
End users have begun to better realize the contributions of proper maintenance in keeping physical assets in good working conditions to avoid business interruption and improve profitability as well as plant safety. Growth and spending for plant asset management (PAM) systems continue to rise as manufacturers seek to determine the condition of equipment as a means of increasing asset utilization. To get the full benefit of their PAM systems, users will have further incentive, apart from higher accuracy and better performance, to upgrade their older devices to new smart devices that offer greater intelligence and diagnostic functionality.
Improving energy efficiency has also become imperative for many manufacturing companies; one that reduces costs and increases efficiency when energy-intensive equipment creates bottlenecks in the plant. Efficient energy usage has a positive impact on asset maintenance costs, equipment lifecycle costs, safety, and overall emissions.
Selection of Sensors and How Installed Is Critical
Although advances have been made in the field of machine data collection and analysis, the selection of sensors and the way they are installed on a machine remain critical factors in determining the success of any health monitoring system. Investments made for installing superior sensors are a prudent investment since the information provided about the machine of interest is accurate and reliable. Poor quality sensors and inadequate installation can easily give misleading data or, in some cases, cause a critical machine condition to be completely overlooked.
A typical sensor is designed to transmit critical operating information of the machine for the safety of both the machine and the personnel operating the machine. The measurement of proper data and the selection of a proper sensor are critical for industrial companies. Industrial companies need to identify the right sensor supplier for better performance of the machine.
Focus on Business Outcomes
Savvy customers recognize that Industrial IoT should be pursued not just for technology’s sake, but to achieve concrete business outcomes. Early industrial implementations tend to emphasize maximizing performance outcomes in areas such as reduced machine downtime, incremental performance improvements, and cost savings for service operations. Industrial IoT solutions enable these outcomes through applications such as analytics and ML-based predictive maintenance capabilities, although the spectrum of targeted activity continues to broaden.
Strategic focus on connecting operations, end products, and/or service capabilities should determine the best solution for delivering the desired outcome. “Do you require a solution for your own internal production operations, and/or for the end products you manufacture and service?” Potential solutions should be based on these desired outcomes and applications, since the offerings available vary as to how well they service each possibility.
Market Data Research Available Datasets
Market Growth Outlook
ARC’s market growth outlook service delivers an in-depth market opportunity analysis including five-year market and technology forecasts and 3-year history trend lines where available. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.
This service is designed to help accelerate your organization's ability to understand an up-to-date view of the market opportunity provided by your current product portfolio and analyze how your company’s market opportunity would change if you were to acquire or divest a particular product line. The service will also help you identify and capitalize on emerging markets, whether these markets are based on an emerging technology, region, vertical industry, or application. Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying the opportunities provided by emerging trends. ARC’s reputation as the preeminent independent provider of market growth opportunity analyses for nearly four decades also provides greater weight to your business plans. ARC’s market growth outlook services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.
In addition, ARC has a strong history of providing customized market opportunity reports and services to meet your specific needs. For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.
ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market opportunities designed to help executives quickly identify key trends and market opportunities around the world. In-depth market opportunity analyses provide marketing and product managers more detailed technology specific market information to plan marketing and product development strategies. The following table shows more specific information included in each version.
| Market Growth Outlook Analysis | Use Cases | Target Role |
| Worldwide Market Growth Outlook by Industry & Region with 3-year history where available | In-depth technology-specific strategic growth planning across multiple technologies, applications, regions, and industries | Product & Marketing Managers |
| Worldwide Industry Growth Outlook by Region with 3-year history where available | Strategic technology growth planning for markets defined by a single or multiple vertical industries | Industry Managers |
| Regional/Country Market Growth Outlook by Technology & Industry with 3-year history where available (includes country data) | Strategic technology growth planning for markets defined by a single or multiple world regions | Regional & Country Sales Managers |
| Market Growth Outlook Executive View | Strategic Total Available Market (TAM) growth planning dashboard covering multiple vertical industries, technologies, and world regions | Executives |
Market Competitive Analysis
ARC’s Competitive Analysis services deliver in depth competitive analyses across multiple technologies, applications, regions, and industries. Besides providing an in-depth analysis of the market opportunity provided by each technology, this service allows technology suppliers to analyze their own customized markets consisting of multiple technologies. For example, customers can view different market scenarios by adding or removing technology markets from the analysis, providing them a Total Available Market (TAM) view of their own served market. A list of the available market growth outlook services can be seen in the list below.
This service is designed to help product and marketing managers identify their company’s market positioning across multiple views within their Serviceable Available Market (SAM). Built upon a proprietary market model and ARC’s field proven primary research, this service helps product and marketing managers optimize their business plans by identifying how their company’s market position would change if the company were to acquire or divest a particular product line or technology. ARC’s reputation as the preeminent independent provider of competitive market benchmarking for nearly four decades lends greater weight to your business plans. ARC’s market competitive services are available in a variety of formats depending on whether you view your market opportunities via different technologies, industries, or world regions.
In addition, ARC has a strong history of providing customized market opportunity reports and services to meet the specific needs of our clients. For example, you may sell your products only to specific industries and/or in only one or two regions. You tell us your served markets and ARC can quickly configure a report or service designed to best serve your served market.
ARC provides several versions of these reports and services depending on your role in the organization. Executive Views are high level market competitive analyses designed to help executives quickly assess their SAM by world region, technology, or vertical industry. In-depth competitive market analyses provide marketing and product managers more detailed technology specific benchmarking information to plan marketing and product development strategies. The following table shows more specific information included in each version.
| Competitive Analysis | Use Cases | Target Role |
| Worldwide Competitive Analysis by Technology | In-depth competitive market analysis that quantifies how your company’s market position has changed over time across multiple technologies, applications, regions, and industries | Product & Marketing Managers |
| Worldwide Competitive Analysis by Industry | Strategic technology-based competitive analyses for markets defined by a single or multiple vertical industries | Industry Managers |
| Regional/Country Competitive Analysis by Industry | Strategic technology-based competitive analyses for markets defined by a single or multiple world regions | Regional Sales Managers |
| Competitive Analysis Executive View | Strategic Serviceable Available Market (SAM) analysis dashboard covering multiple vertical industries, technologies, and world regions | Executives |
Worldwide Research Focus Areas
Worldwide Research Focus Areas
Strategic Analysis
- Major Market Trends
- Executive Overview
- Strategies for Buyers
- Strategies for Suppliers
- Growth Contributors and Inhibitors
Competitive Analysis
- Market Shares of the Leading Suppliers
- Market Shares by Region
- North America
- Europe, Middle East, Africa
- Asia
- Latin America
- Market Shares by Sensor Type
- Capacitive
- Inductive
- Ultrasonic
- Market Shares by Detecting Range
- <5mm
- 5-<10mm
- 10-<20 mm
- >=20mm
- Market Shares by Fixed vs Adjustable Distance
- Market Shares by Output Signal
- Digital Signal
- Analog Signal
- IO-Link
- CompoNet
- Market Shares by Industry
- Aerospace & Defense
- Automotive
- Building Automation
- Cement & Glass
- Chemical
- Electronics & Electrical
- Electric Power Generation
- Food & Beverage
- Machinery Manufacturing
- Metals
- Mining
- Oil & Gas
- Pharmaceutical & Biotech
- Pulp & Paper
- Refining
- Semiconductors
- Water & Wastewater
- Market Shares by Machinery Segment
- Market Shares by Sales Channel
- Market Shares by Customer Type
Market Forecasts and Histories
- Total Shipments of Proximity Sensors
Shipments by Region
- North America
- Europe, Middle East, Africa
- Asia
- Latin America
Shipments by Sensor Type
- Capacitive
- Inductive
- Ultrasonic
- Shipments by Detecting Range
- <5mm
- 5-<10mm
- 10-<20 mm
- >=20mm
- Shipments by Distance
- Fixed Distance
- Adjustable Distance
- Shipments by Output Signal
- Digital Signal
- Analog Signal
- IO-Link
- CompoNet
- Shipments by Industry
- Aerospace & Defense
- Automotive
- Building Automation
- Cement & Glass
- Chemical
- Electronics & Electrical
- Electric Power Generation
- Food & Beverage
- Machinery Manufacturing
- Metals
- Mining
- Oil & Gas
- Pharmaceutical & Biotech
- Pulp & Paper
- Refining
- Semiconductors
- Water & Wastewater
- Shipments by Machinery Segment
- Shipments by Sales Channel
- Shipments by Customer Type
Industry Participants
The research identifies all relevant suppliers serving this market.
Regional Research Focus Areas
Strategic Analysis
Competitive Analysis
- Leading Suppliers in Region
- Industry Shares in Region
- Country Shares in Region
- Leading Suppliers by Industry
Market Forecasts and Histories
- Market Forecast and History by Country
- Market Forecast and History by Industry
Industry Participants
List of countries included in each region: MIRA-Country
For More Information
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