Market Share of Europe Proximity Sensors Industry
The Europe proximity sensor market is concentrated due to higher initial investments. It is dominated by a few major players like Sick AG, STMicroelectronics NV, Datalogic SpA, Pepperl+Fuchs GmbH, and TE Connectivity Ltd. 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.
- July 2020 - STMicroelectronics is enabling social distancing through its high-accuracy FlightSense proximity and ranging sensors and helping prevent disease transmission in the global pandemic situation. The sensors can also help users avoid contact with surfaces, including self-service touchscreens, smart faucets, and push-button door openers, located in high-traffic areas. The speed and precision of ToF sensing enable FlightSense sensors to manage basic on or off control as well as to detect and interpret gestures like tapping and swiping for smart touchless human-machine interaction.
- March 2020 - TE Connectivity Ltd. has completed its public takeover of First Sensor AG. TE now holds 71.87% shares of First Sensor. Through this acquisition, TE connectivity will be able to offer a broader product base, including innovative, market-leading sensors, connectors and systems plus best-in-class capabilities, that supports the growth strategy of TE's sensors business and TE Connectivity as a whole.
Europe Proximity Sensors Market Leaders
Sick AG
STMicroelectronics NV
Datalogic SpA
Pepperl+Fuchs GmbH
TE Connectivity Ltd.
*Disclaimer: Major Players sorted in no particular order
