What is the current Proximity Sensor Market size?

The Proximity Sensor Market is projected to register a CAGR of 7.30% during the forecast period (2024-2029) Read More

Who are the key players in Proximity Sensor Market?

Panasonic Corporation, Riko Opto-electronics Technology Co. Ltd, SICK AG, STMicroelectronics NV and Delta Electronics Inc. are the major companies operating in the Proximity Sensor Market. Read More

Which is the fastest growing region in 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 Proximity Sensor Market?

In 2024, the North America accounts for the largest market share in Proximity Sensor Market. Read More

What years does this Proximity Sensor Market cover?

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

Proximity Sensor Market - Size, Share & Trends, Analysis

Proximity Sensor Industry Overview

The availability of several players providing proximity sensors has intensified the competition in the market. Therefore, the market is fragmented with many companies developing expansion strategies.

Apr 2019 - SICK AG partnered with a software solution provider, AutoCoding Systems (ACS). This partnership may enable SICK to provide customers with a combined package of SICK's sensor technology and ACS's software platform.
Jan 2019 - Sensor manufacturer, Ams launched a new in-display ambient light and proximity sensor solution for smartphones equipped with OLED displays, which essentially makes those modules invisible. The TCS3701 senses the light that passes through the display and using unique algorithms. The sensor can detect ambient light levels accurately without any information regarding the display pixel brightness above the sensor.