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The future of the global proximity sensor market looks promising with opportunities in the aerospace & defense, automotive, building automation, consumer electronics, food & beverage, industrial, and healthcare end use industries. The global proximity sensor market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow with a CAGR of 4% to 6% from 2020 to 2025. The major growth drivers for this market are increasing awareness of monitoring and safety systems in automobiles and growing demand for smart factories.
A total of XX figures / charts and XX tables are provided in more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of proximity sensors market report download the report brochure.
Growth in various segments of the proximity sensor market are given below: