|Base Year Market Size
|USD XX Billion
|Forecast Year Market Size
|USD 1985 Million
The inductive proximity sensors market throughout the globe was estimated to be worth 1,035 million USD. It is anticipated that by the year 2030, it will be valued at $1,985 million, showing a compound annual growth rate (CAGR) of 7.5% throughout the period of projection (2022–2030).
One of the factors that is making the road clear for inductive proximity sensors to enter the market is the increasing reliance on robots found in industrial controller systems. These inductive proximity sensors are often installed in all types of cars, including light commercial vehicles, large commercial vehicles, and other types of vehicles. The need for all types of vehicles is now on the rise, which is driving the expansion of the inductive proximity sensor market in terms of value. In industrial applications, extreme environments are the norm; nevertheless, inductive proximity sensors are more equipped to handle these kinds of conditions than other kinds of sensors, which contributes to the revenue creation for the market for inductive proximity sensors.
Non-contact detection of metallic objects may be accomplished through the use of inductive proximity sensors. Their mode of operation is predicated on the utilisation of a coil and oscillator, which are responsible for the production of an electromagnetic field in the immediate area surrounding the sensing surface.
Proximity sensors are utilised in a wide variety of automated applications. They are able to detect targets and things without coming into direct touch with either the target or the object being felt. As a consequence of this, we refer to them as non-contact sensors. Photoelectric, capacitive, and inductive sensors are the types of proximity sensors that are used most frequently. Inductive proximity sensors are applied in the process of determining the presence of metallic objects without physically touching them. The process by which these sensors carry out their tasks involves the production of an electromagnetic field in the area immediately surrounding the surface they are sensing using a coil and an oscillator.
Automation results in significantly improved quality, uniformity, and dependability of items delivered within the allotted time at a much reduced cost. As a result of the major part that proximity sensors play in the processes of monitoring and increasing production efficiency, the market for proximity sensors is experiencing growth. A rise in the demand for smartphones and other mobile devices, as well as rising applications in consumer electronics, industrial automation, automotive, aerospace, and defence, pharmaceutical, and packaging, amongst other industries, are expected to drive a significant increase in the demand for inductive proximity sensors over the forecast period. This is expected to result in a significant increase in the overall demand for these sensors. The demand brought on by the Industrial Internet of Things (IIoT) is also anticipated to propel market expansion.
Middle East and Africa: 89.61 million USD (2030 Value); CAGR: 8.5%
The Kingdom of Saudi Arabia is actively working toward the goal of introducing electric vehicles to the Saudi market over the next several years. In 2018, the Saudi Electricity Co., which is controlled by the government of the kingdom, inked a contract with the Tokyo Electric Power Co., Nissan Motor, and Takaoka Toko of Japan. It's possible that these businesses may join forces to initiate the first electric vehicle pilot programme in the country. As a result, the increasing popularity of electric cars can open up new opportunities for the need for proximity sensors in the automotive industry in Saudi Arabia.
The use of proximity sensors in automated assembly lines, weld cells, and stamping operations has become increasingly widespread in recent years. They have evolved into a component that is necessary and crucial to the operation of automation systems. In order to improve industrial automation and simplify operations, it is anticipated that the end-user industries in Saudi Arabia will adopt these technologies.
Notably, Saudi Arabia's strategy for the year 2030 calls for the Kingdom to capitalise on its position, strategic connections, energy sources, and logistics in order to jumpstart a new phase of industry and automation inside the country.
The vast majority of inductive proximity sensors in the Middle East that are used in modern technology have short detection distances. This introduces additional hazards, such as those caused by vibrations in the equipment, which could cause the sensor body to stray too far from the object that is being sensed or come into contact with it. According to estimates provided by Omron, events of this kind will be responsible for around 20% of all plant shutdowns.
However, the target is not recognised throughout the successive approach cycles once the proximity gap is widened up until the sensor is shut off at the maximum target approach. The gap in the proximity sensor is designed to activate and turn on as the target draws nearer, but at a certain distance, its operation starts to behave in an unpredictable manner. In addition, the Middle East inductive proximity sensor market can only detect objects composed of metal, but other types of sensors are able to recognise any kind of substance.
Additionally, the detecting range of an inductive proximity sensor is determined not only by the type of metal being detected but also by its shape, size, and the size of the coil that was used in the construction of the sensor. This is because the type of metal being detected is directly proportional to the size of the coil. The inductive proximity sensor has limitations regarding the greatest distance it is able to detect as a result of the factors that were discussed before. A reduction factor can be produced in the case of conventional inductive proximity sensors by using non-ferrous materials like aluminium. The loss in responsiveness of the sensors to these targets is one factor that leads to the overall shortening of the detectable range.
All of these constraints, which include the detecting capabilities and the fact that the Middle East inductive proximity sensors market can only be used on metallic goods, are acting as a barrier to the growth of the industry that was researched. This is a problem since the market is expected to grow. In addition, as a consequence of the ongoing growth of technology, new sensor technology is evolving as an alternative to inductive proximity sensors. This development is occurring as a result of the continuing development of technology. These emerging sensor technologies, which include photoelectric sensors, among others, will act as a barrier to the market's progress.
The United Arab Emirates and Saudi Arabia holds a dominant position in the Middle East And Africa Inductive Proximity Sensors Market as a result of a number of reasons, including a heavy focus on the automation of business operations and a rising acceptance of contactless sensing technology.
|Eaton Corporation PLC Omron Corporation Delta Electronics Inc. Autonics Corporation Panasonic Corporation Sick AG Pepperl+Fuchs Rockwell Automation Inc. Datalogic SpA Riko Optoelectronics Technology Co. Ltd Fargo Controls Inc. Hans Turck GmbH and Co. Kg Keyence Corporation Honeywell International Balluff GmbH, K.A Schmersal GmbH & Co. EUCHNER USA Inc. Baumer Holding AG.
|Middle East and Africa
|UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
|Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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There are five different end-user applications that make up the Middle East And Africa Inductive Proximity Sensors Market. These applications include industrial, automotive, aerospace and defence, packaging, and others. In terms of the end-user application market, the industrial sector held the greatest market share in 2021 and was estimated to be worth 440 million USD. It is anticipated that by the year 2030, its value would have increased to a total of USD 880 million, representing a CAGR of 8% throughout the period being analysed. Over the course of the projected period, the end-user vertical segment that is aerospace and defence will see the greatest CAGR, which is 9.41%.
Manufacturing is one industry that has been forced to incorporate inductive proximity sensors as part of their industrial automation because of the rapid pace of technological innovation. These sensors are able to withstand the extreme circumstances of the ocean, such as exposure to salt water, which may be corrosive and cause damage to equipment. As a consequence of this, the installation of inductive proximity sensors allows for an accurate monitoring of the final locations of pipe handlers and other moving components on the rig without negatively impacting performance.
Large corporations have been using inductive proximity sensor technology for a few years now; as the technology has improved, it has gained widespread acceptance by all tiers of organisations in order to speed up operations, improve industrial automation, and revolutionise the production landscape of a variety of businesses. The increasing number of companies that can facilitate industrial automation as well as the growing interest in the Industrial Internet of Things is another factor that is pushing progress (IIoT).