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3. Proximity Sensor Companies - OMRON Corporation (Japan) and KEYENCE CORPORATION (Japan) are the Key Players

The proximity sensor market is projected to grow from USD 4.3 billion in 2024 and is projected to reach USD 6.6 billion by 2030; it is expected to grow at a CAGR of 7.5% from 2024 to 2030. The growing adoption of Industry 4.0 drives the growth of the proximity sensor market.

Major players in the proximity sensor companies include OMRON Corporation (Japan), KEYENCE CORPORATION (Japan), Panasonic Corporation (Japan), SICK AG (Germany), and STMicroelectronics (Switzerland). Major strategies adopted by the players in the proximity sensor market ecosystem to boost their product offering, accelerate their market share, and increase their presence in the market include acquisitions, collaborations, partnerships, and new product launches.

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Major Proximity Sensor companies include:

• OMRON Corporation (Japan)
• KEYENCE CORPORATION (Japan)
• Panasonic Corporation (Japan)
• SICK AG (Germany)
• STMicroelectronics (Switzerland)
• Rockwell Automation (US)
• Delta Electronics, Inc. (Taiwan)
• Honeywell International Inc. (US)
• Broadcom (US)
• Schneider Electric (France)
• ZF Friedrichshafen AG (Germany)
• Balluff Automation India Pvt. Ltd. (India)
• Pepperl+Fuchs SE (Germany)
• Baumer (Switzerland)
• Banner Engineering Corp. (US)

For instance, in April 2024, NEURA Robotics GmbH, a German high-tech company that develops robots, and OMRON Corporation announced a strategic partnership to revolutionize factory automation with cognitive robots. This collaboration leveraged advanced Al and sensor technology to enhance manufacturing efficiency, flexibility, and safety, combining Neura's cognitive technologies with OMRON Corporation's global automation expertise.

In February 2024, SICK AG released the W10 photoelectric proximity sensor with a Class 1 laser light source and intuitive touchscreen operation. It is configured to provide adjustable modes of operation, stainless-steel housing with IP69K, and IO-Link functionality in four variants based on operating distances and mounting options. It thus strongly simplifies automation tasks, delivering accurate detection and high repeatability in very different applications.

OMRON CORPORATION:

OMRON Corporation is an international frontrunner in the automation domain, considering the substantial number of products and services offered for industries. The group is present in more than 130 countries with innovation-driven solutions in the five primary business domains: Industrial Automation, Healthcare, Social Systems Solutions & Services, Devices & Module Solutions, and Data Solutions. It will develop new automation technologies integrated with core "Sensing & Control technologies and advanced data analytics, incorporating human intelligence, termed "Sensing & Control + Think." The various products for which OMRON Corporation has expertise include fiber, photo micro, ultrasonic, pressure, flow, contact, liquid leakage, condition monitoring, and proximity.

In addition, this encompasses displacement and vision sensors along with a few other devices like machine vision systems, code readers, Optical Character Recognition OCR, and rotary encoders. Among them, proximity sensors are essential in the Industrial Automation segment, as these help detect an object and its distance without physical contact. This becomes quite important in a few automation applications.

KEYENCE CORPORATION:

KEYENCE CORPORATION is the leading global supplier of factory automation products. It provides innovative and reliable products for various applications in several manufacturing industries. The company has become one of the top leaders in designing and manufacturing industrial automation and inspection equipment. The list of products includes sensors, measuring systems, laser markers, microscopes, machine vision systems, static eliminators, and code readers.

KEYENCE CORPORATION proximity sensors are one of the integral parts of their sensor segment, and they include a wide range of sensors utilized for industrial applications. These sensors deal with the detection of an object's presence, absence, or presence without contact—an important aspect of automation, enabling producers to make production both efficient and accurate.

Related Reports:

Proximity Sensor Market by Technology (Inductive, Capacitive, Magnetic, Photoelectric/Optical, Ultrasonic), Product Type (Fixed distance, Adjustable distance), Range, Output, End-user Industry and Region - Global Forecast to 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]