Proximity Sensor Market Size and Growth Analysis | Market Assessment

Oliviahunter11 Mar, 2024Business

Proximity Sensor Market Size was valued at USD 29.89 billion in 2022, and expected to reach USD 50.99 billion by 2030, and grow at a CAGR of 6.9% over the forecast period 2023-2030. Proximity sensors are used to calculate the distance or proximity between a target object and a receiver. Various market proximity sensors are used to detect a wide range of materials and serve a wide range of functions. Defense, automotive, consumer electronics, aerospace, and other critical areas are among the end-user applications.