The global proximity sensor market is estimated to be valued at USD 4.5 Bn in 2024 and is expected to reach USD 9.1 Bn by 2031, growing at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2031. https://articlescad.com/proximity-sensor-market-is-witnessing-massive-growth-due-to-rising-automation-in-industries-11398.html