Magnetic Proximity Sensor Market Share

Statistics for the 2023 & 2024 Magnetic Proximity Sensor market share, created by Mordor Intelligence™ Industry Reports. Magnetic Proximity Sensor share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of Magnetic Proximity Sensor Industry

The market is significantly fragmented as there are several large and small players offering solutions. Some of the major players include General Electric, Eaton Corporation PLC, Rockwell Automation Inc., Omron Corporation, Panasonic Corporation, NXP Semiconductors NV, Honeywell International Inc., and Turck Inc.

  • June 2022 - The A33110 and A33115 magnetic position sensors from Allegro MicroSystems Inc., a pioneer in sensing and power solutions for motion control and energy-efficient systems, went on sale. According to Allegro, the sensors are made for ADAS applications requiring high precision levels and heterogeneous signal redundancy.
  • March 2022 - Standex International Corporation announced the acquisition of Sensor Solutions for roughly USD 9.7 million in cash. Sensor Solutions creates and manufactures specialized and standard Hall effect and magnetic proximity sensor products, including linear and rotating sensors, specialty sensors, and Hall switch and latching sensors. The consumer electronics, aerospace, automotive, industrial, medical, and healthcare industries use these products.

Magnetic Proximity Sensors Market Leaders

  1. Sick AG

  2. Omron Corporation

  3. Honeywell International Inc.

  4. Rockwell Automation

  5. General Electric

*Disclaimer: Major Players sorted in no particular order

Magnetic Proximity Sensor Market Concentration

Magnetic Proximity Sensor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)