The research process for this technical, market-oriented, and commercial study of the proximity sensor market included systematically gathering, recording, and analyzing data about customers and companies operating in the market. It used secondary sources, directories, and databases (Factiva, Oanda, and OneSource) to identify and collect relevant information. In-depth interviews were conducted with various primary respondents, including experts from core and related industries and preferred manufacturers, to obtain and verify critical qualitative and quantitative information and assess the market's growth prospects. Key players in the proximity sensor market were identified through secondary research, and their market rankings were determined through primary and secondary research. This included studying annual reports of top players and interviewing key industry experts, such as CEOs, directors, and marketing executives.
Secondary Research
Various secondary sources were used to identify and collect information for this study during the secondary research process. These include annual reports, press releases, investor presentations of companies, whitepapers, certified publications, and articles from recognized associations and government publishing sources. Research reports from a few consortiums and councils were also consulted to structure qualitative content. Secondary sources included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; Journals and certified publications; articles by recognized authors; gold-standard and silver-standard websites; directories; and databases. Data was also collected from secondary sources, such as the Association for Advancing Automation (A3), the International Trade Centre (ITC) (Switzerland), and the International Electrotechnical Commission (IEC).
Primary Research
Extensive primary research was accomplished after understanding and analyzing the proximity sensor market scenario through secondary research. Several primary interviews were conducted with key opinion leaders from demand- and supply-side vendors across four major regions—North America, Europe, Asia Pacific, and RoW. Approximately 30% of the primary interviews were conducted with the demand side, and 70% with the supply side. Primary data was collected through questionnaires, emails, and telephonic interviews. Various departments within organizations, such as sales, operations, and administration, were contacted to provide a holistic viewpoint in the report.
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Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches were used, along with several data triangulation methods, to estimate and forecast the size of the market and its segments and subsegments listed in the report. Extensive qualitative and quantitative analyses were carried out on the complete market engineering process to list the key information/insights pertaining to the proximity sensor market.
The key players in the market were identified through secondary research, and their rankings in the respective regions were determined through primary and secondary research. This entire procedure involved the study of the annual and financial reports of top players and interviews with industry experts such as chief executive officers, vice presidents, directors, and marketing executives for quantitative and qualitative vital insights. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated, supplemented with detailed inputs and analysis from MarketsandMarkets, and presented in this report.
Proximity Sensor Market: Bottom-Up Approach
The bottom-up procedure was employed to arrive at the overall size of the Proximity sensor market from the revenues of the key players and their share in the market. The overall market size was calculated based on the revenues of the key companies identified in the market.
Proximity Sensor Market: Top-Down Approach
In the top-down approach, the overall size of the proximity sensor market was used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits obtained from secondary and primary research. To calculate the size of the specific market segments, the size of the most appropriate parent market was used to implement the top-down approach. The bottom-up approach was also implemented for the data extracted from the secondary research to validate the size of various segments of the proximity sensor market. Each company's share in the market was estimated to verify the revenue shares used earlier in the bottom-up approach. With the data triangulation procedure and data validation through primaries, the sizes of the parent market and individual markets' sizes were determined and confirmed. The data triangulation procedure used for this study has been explained in the next section.
Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the total market was split into several segments and subsegments. Where applicable, data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. The market size was also validated using both top-down and bottom-up approaches.
Market Definition
Proximity sensors are those devices that can detect the presence or absence of objects without physical contact. They emit an electromagnetic field or beam of radiation and can detect changes in the field or the reflected signal. These sensors are used across various industries like aerospace & defense, automotive, manufacturing, consumer electronics, building automation and pharmaceuticals. Proximity sensors are crucial for enhancing safety, efficiency, and accuracy in systems requiring dependable and non-contact detection.
Key Stakeholders
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Proximity sensor manufacturers
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Raw material vendors
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Electronic design automation (EDA) & design tool vendors
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Fabrication, Wafer & foundry process equipment vendors
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Integrated device manufacturers
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Fabless vendors
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Original equipment manufacturers: electronics modules, devices, equipment, instruments, and system manufacturers
Technology investors
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Governments and financial institutions
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Analysts and strategic business planners
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Existing and prospective end users
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Venture capitalists, private equity firms, and startup companies
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Distributors and traders
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Research institutes and organizations
Report Objectives
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To define, describe, segment, and forecast the proximity sensor market size, in terms of value, based on technology, product type, range, output, and end-use industry
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To define, describe, segment, and forecast the proximity sensor market size, in terms of volume, for proximity sensors
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To forecast the market size, in terms of value, across North America, Europe, Asia Pacific, and the Rest of the World (RoW)
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To present detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
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To provide an ecosystem analysis, case study analysis, patent analysis, technology analysis, ASP analysis, Porter’s Five Forces analysis, and regulations pertaining to the market.
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To offer a comprehensive overview of the value chain of the proximity sensor market ecosystem
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To critically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
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To strategically profile the key players and comprehensively analyze their market shares and core competencies
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To assess the opportunities in the market for stakeholders and describe the competitive landscape of the market
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To analyze competitive developments in the market, such as collaborations, agreements, partnerships, product developments, and research and development (R&D)
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To evaluate the impact of the recession on the proximity sensor market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information
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Detailed analysis and profiling of additional market players (up to 7)
Julian
Mar, 2016
We'd like to receive a sample of your report as a base for a buying decision for the whole report. Some of the questions are - Is there an analysis on a country-basis in the geographic part or just on the continent-basis? - Is optic-electronic sensor technology regarded? - Would it be possible to add or company to the report? Can you please send us a sample of the report?.