What is the current Magnetic Proximity Sensor Market size?

The Magnetic Proximity Sensor Market is projected to register a CAGR of 6.90% during the forecast period (2024-2029) Read More

Who are the key players in Magnetic Proximity Sensor Market?

Sick AG, Omron Corporation, Honeywell International Inc., Rockwell Automation and General Electric are the major companies operating in the Magnetic Proximity Sensor Market. Read More

Which is the fastest growing region in Magnetic Proximity Sensor Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Magnetic Proximity Sensor Market?

In 2024, the Asia Pacific accounts for the largest market share in Magnetic Proximity Sensor Market. Read More

What years does this Magnetic Proximity Sensor Market cover?

The report covers the Magnetic Proximity Sensor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Magnetic Proximity Sensor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Magnetic Proximity Sensors Market Size & Share Analysis - Industry Research Report

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

The Magnetic Proximity Sensor Market is Segmented by Application (Aerospace and Defense, Automotive, Consumer Electronics, and Building Automation) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Magnetic Proximity Sensors Industry Overview

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.