Position and Proximity Sensors: Revolutionizing Object Detection...

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2025-09-26 16:49:14 -

Position and Proximity Sensors: Revolutionizing Object Detection and Monitoring

The global position and proximity sensors market is poised for steady growth over the coming decade. Valued at US$ 2.7 billion in 2022, the market is projected to reach US$ 3.0 billion by 2031, expanding at a CAGR of 4.6% from 2023 to 2031. This growth is largely driven by the rapid expansion of the automotive sector, the rise of smart devices, and increasing adoption of innovative sensing...

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