Non-Contact Sensors Market Size, Share, Trends, Growth 2032

Non-Contact Sensors Industry Prospective:

The global non-contact sensors market size was worth around USD 12.88 billion in 2023 and is predicted to grow to around USD 55.43 billion by 2032 with a compound annual growth rate (CAGR) of roughly 17.60% between 2024 and 2032.

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Non-Contact Sensors Market: Overview

Non-contact sensors are a part of modern technology. Non-contact sensors do not comprise of parts that require physical contact with the environment and gathering information and responding based on the information collected. In most cases, non-contact sensing technology refers to position sensors capable of measuring displacement or movement in a linear or rotary fashion. Wear-free technology plays a critical role in determining whether a sensor supports non-contact sensing. Several benefits have been associated with non-contact sensors including higher dependability, faster response time, longer shelf life, and better suitability for a large environmental range. Non-contact sensors have found applications across industries including healthcare, automotive, defense, and consumer electronics.

The commercial non-contact sensors industry offers multiple types of technologies with each sensor technology type being backed by specific principles. Some of the most common non-contact sensor technologies include Hall effect sensor technology, air sensing, photonic sensor technology, ultrasonic sensor technology, capacitive sensor technology, inductive sensor technology, and laser displacement sensor technology.

Key Insights:

• As per the analysis shared by our research analyst, the global non-contact sensors market is estimated to grow annually at a CAGR of around 17.60% over the forecast period (2024-2032)
• In terms of revenue, the global non-contact sensors market size was valued at around USD 12.88 billion in 2023 and is projected to reach USD 55.43 billion, by 2032.
• The market is projected to grow at a significant rate due to the higher applications in the automotive sector
• Based on type segmentation, the photo-electric sensor segment was predicted to show maximum market share in the year 2023
• Based on application segmentation, the consumer electronics segment was the leading segment in 2023
• On the basis of region, Asia-Pacific was the leading revenue generator in 2023

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Non-Contact Sensors Market: Growth Drivers

Higher applications in the automotive sector to deliver positive market results

The global non-contact sensors market is expected to grow owing to the higher applications of wear-free technology in the growing automotive sector. Market research indicates that the emergence and excellent growth rate of the electric vehicle (EV) segment is likely to fuel higher demand for non-contact sensors. The sustainable and environmentally-friendly sector of the automotive sector has the potential to disrupt the market for non-contact sensors. Key factors such as global warming, an urgent need to reduce dependency on non-renewable fuel, and rising energy prices have resulted in the world seeking alternatives to fuel-run automobiles. Electric vehicles are hailed as the future of the automotive sector. These vehicles have a wide application scope for sensors including non-contact models. Sensors are used in vehicles for several purposes.

For instance, modern sensors in automobiles are used for maintaining control motors, battery system safety, and detection of faults. However, as the automotive sector is becoming more competitive, there is a need for improved performance which ultimately translates to higher demand for more efficient technologies used in automobiles. Modern vehicles demand sensors that respond quickly and do not have any room for error. Non-contact sensors are known to have all the necessary characteristics. The rise in consumer awareness about the benefits of electric vehicles in addition to several government subsidies that the EV sector is subject to has helped the electric vehicle industry witness substantial growth in the last 5 years.

As per the latest information, China alone invested nearly USD 28 billion in EVs or related industries in 2023. Other countries are showing similar trends. In February 2024, South Africa announced a lucrative tax-break scheme to preserve its essential export industry which includes the production of hydrogen and electricity-powered vehicles.

Non-Contact Sensors Market: Restraints

High competition from contact sensors will restrict the market expansion trend

During the forecast period, the global non-contact sensors market growth rate will be limited due to the high competition that the industry faces from contact sensors. This leads to market fragmentation. Additionally, contact sensors are evolving in technology as companies offering contact-based sensing solutions are experimenting and delivering improved sensors with higher performance efficiency.

In November 2022, Mitsubishi Electric Corporation announced the launch of a new series of contact image sensors under the name KD-CXF. The new model KD6R1064CXF-NL will be equipped with the deepest depth of field in the industry.

Non-Contact Sensors Market: Opportunities

Increased competition in the consumer electronics sector to deliver high-growth opportunities

The global non-contact sensors industry players will encounter higher growth opportunities as the demand for superior-performance non-contact sensors is on the rise in the consumer electronics sector. The last decade has been highly influential in introducing affordable and luxury consumer electronics to users. At present times, multiple consumer electronic designers and sellers are vying for the same set of customers resulting in higher competition.

Additionally, consumers have become more knowledgeable and their expectations from the brands have increased. The growing number of consumer electronic buyers across the globe will impact the demand for non-contact sensors since the technology is an essential element of smart devices including phones, tablets, laptops, and computers.

Growing launch of improved non-contact sensors will introduce new customers to the industry

The global non-contact sensors market is projected to witness new expansion possibilities as there is a steady rise in the launch and introduction of improved sensors. In March 2024, KISTERS, a leading player in environment data solutions, announced that it would launch in-house contactless sensors with affordable technology. The company is working on water radar sensors with compact structures.

In June 2023, Crocus Technology unveiled the CT40x. It offers current sensing solutions and addresses the contactless and contact-based sensing needs of the industry players.

Non-Contact Sensors Market: Challenges

Achieving the right balance between performance and cost can be challenging

One of the crucial challenges faced by the players in the global non-contact sensors industry is achieving the balance between the initial cost of investment and the final performance of the technology.

For instance, sophisticated solutions demand higher investments in the beginning. However, non-contact sensors are limited in terms of performance and hence players may be unable to justify the investment range.

Non-Contact Sensors Market: Segmentation

The global non-contact sensors market is segmented based on type, application, and region.

Based on type, the global market segments are LASER, ultrasonic sensor, magnetostrictive linear position sensor, flow sensor, turbidity sensor, photo-electric sensor, and others. In 2023, the highest revenue-generating segment was the photo-electric sensor unit. It is used across industries to determine the presence or absence of an object with the aid of a light transmitter. It is used for calculating distance and hence has several applications. Photo-electric sensors offer higher versatility. Certain non-contact sensors can deliver distance readings in the range of 2 cm to 400 cm.

Based on application, the global market divisions are medical, consumer electronics, automobile, avionics application, infrastructure, and others. In 2023, the consumer electronics segment dominated the market growth rate. The leading reason for the higher preference of customers for smart devices with contactless features. The EV sector in the automobile sector was also a significant revenue generator. The global EV market in 2023 was valued at over USD 500 billion.

Non-Contact Sensors Market: Report Scope

Non-Contact Sensors Market: Regional Analysis

Asia-Pacific will enjoy unmatched market dominance during the forecast period

The global non-contact sensors market will be led by Asia-Pacific during the forecast period. China, India, Japan, and South Korea are projected to emerge as the leading nations driving the demand for non-contact sensors. The current global market leader in the EV sector is China since it is the largest producer and exporter of electric vehicles worldwide. Additionally, the country’s regional EV industry has now expanded into other emerging nations. As per March 2024 reports, BYD, a Chinese EV maker, is eyeing to cover over 90% of the India EV market in the current year.

On the other hand, Asia-Pacific is also regarded as the largest consumer market for consumer electronics with an increase in the middle-income consumer group and the rise in purchasing power. 1 in every 5 Chinese citizens currently uses products made by Apple. China is also home to large manufacturing facilities making smart devices for several brands. Europe is a prominent market with high investments in non-contact sensor technology especially in the healthcare and aviation industry. In January 2024, Baumer, a Switzerland-based electronics company, announced the launch of new non-contact sensors for fill levels.

Non-Contact Sensors Market: Competitive Analysis

The global non-contact sensors market is led by players like:

• Honeywell International Inc.

• Siemens AG

• Panasonic Corporation

• Omron Corporation

• Texas Instruments Incorporated

• Keyence Corporation

• Schneider Electric

• Banner Engineering

• Rockwell Automation Inc.

• Bosch Sensortec

• TE Connectivity

• SICK AG

• STMicroelectronics

• Pepperl+Fuchs

• IFM Electronic GmbH.

• And Others

The global non-contact sensors market is segmented as follows:

By Type

• LASER
• Ultrasonic Sensor
• Magnetostrictive Linear Position Sensor
• Flow Sensor
• Turbidity Sensor
• Photo-Electric Sensor
• Others

By Application

• Medical
• Consumer Electronics
• Automobile
• Avionics Application
• Infrastructure
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa