Market Share of APAC Proximity Sensors Industry
The Asia Pacific proximity sensor market is concentrated due to higher initial investments. It is dominated by a few major players like Omron Corporation, Keyence Corporation, TDK Corporation, Panasonic Corporation, and Delta Electronics Inc. These significant players, with a prominent share in the market, are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are growing their market presence by securing new contracts and tapping new markets.
- June 2020 - TDK Corporation announced that InvenSense Inc., a TDK Group Company, and Arrow Electronics, Inc. have extended their global distribution agreement to supply InvenSense products. Under the new agreement, Arrow extends its distribution of InvenSense's complete portfolio of micro-electrical mechanical system (MEMS) based products to customers in the Americas, Middle East, Africa, and Asia-Pacific regions.
- March 2020 - Omron Corporation released the E2EW Series metal face proximity sensors that are designed to minimize the downtime. These highly durable, metal face proximity sensors boast the longest sensing range in their category to date, and they have been optimized to withstand the harsh conditions of typical automotive welding processes with a fluororesin coating that provides increased spatter resistance.
APAC Proximity Sensors Market Leaders
Panasonic Corporation
Delta Electronics Inc.
Keyence Corporation
TDK Corporation
Autonics Corporation
*Disclaimer: Major Players sorted in no particular order
