Market Share of United States Proximity Sensor Industry
The United States Proximity Sensor Market is a fragmented market with intense competition. Some prominent players include STMicroelectronics, OMRON Corporation, Honeywell International Inc., Panasonic Corporation, etc. These companies are leveraging strategic collaborative initiatives to increase their market share and profitability. The competition and rapid technological advancements are expected to threaten the growth of the companies in the said market during the forecast period.
- September 2020 - Riko Optoelectronics Technology Co. Ltd expanded its product range by introducing JM - N3/P3 Rectangular Inductive Proximity Sensor. The sensors have a sensing distance of 2mm+_ 10%.
- May 2020 - STMicroelectronics expanded the capabilities of its FlightSense ToF ranging sensors with the introduction of the VL53L3CX, which features patented histogram algorithms that allow measuring distances to multiple objects while increasing accuracy. Unlike conventional infrared sensors, the VL53L3CX measures objects ranging from 2.5cm to 3m and is unaffected by target color or reflectance. This enables designers to incorporate powerful new features into their products, such as allowing occupancy detectors to provide error-free sensing by ignoring unwanted background or foreground objects or reporting exact distances to multiple targets within the sensor's field of view.
US Proximity Sensor Market Leaders
STMicroelectronics
OMRON Corporation
Rockwell Automation, Inc.
Schneider Electric
Panasonic Corporation
*Disclaimer: Major Players sorted in no particular order
