Photoelectric Sensor Market: Global Industry Outlook and Forecast (2022-2029)

Photoelectric Sensor Market was worth US$ 1.07 Bn. in 2021 and total revenue is expected to grow at a rate of 7 % CAGR from 2022 to 2029, the Global Photoelectric Sensor Market is reaching almost US$ 1.83 Bn. in 2029.

Photoelectric Sensor Market Overview:

A photoelectric sensor is a specialized position sensor that uses an infrared light transmitter and photoelectric receiver to detect the distance, colour, absence, or presence of an object. Photoelectric sensors are widely utilized in industrial applications such as conveyor position control, product detection, and position misalignment detection because they improve operational efficiency and save process time, resulting in increased production. These sensors are utilised in the manufacturing, packaging, and material handling industries to perform tasks such as detecting clear bottles, product presence monitoring, and wafer identification in vacuum conveyor systems, and conveyor positioning control monitoring. They also improve productivity by increasing operational efficiency, reducing process time, and reducing costs. As a result, rising use in a variety of industrial applications is expected to enhance market demand throughout the forecast period.Photoelectric Sensor MarketTo know about the Research Methodology :- Request Free Sample Report

Photoelectric Sensor Market Dynamics

Different industries are constantly expanding their demand for sensors that provide exact output. These sensors should be capable of detecting things of various sizes as well as sensing a variety of materials. They must have a wide sensing range, be cost-effective, and last for a long time. The demand for these photoelectric sensors is steadily rising as businesses strive to improve their production efficiency without sacrificing product quality. A flaw in the manufacturing process could result in significant losses. As a result, firms are incorporating photoelectric sensors into their manufacturing or assembly lines. In the food and beverage business, photoelectric sensors are used to determine product size, detect flaws, count small things, and check misaligned caps on bottles, for example. Photoelectric sensors can identify colors in the printing and packaging industries by scanning red, green, and blue lights separately. With light grids, they are utilized to monitor broad areas. Photoelectric sensors are used in the transportation industry to evaluate the location and distance of objects. Photoelectric sensors are used by robotic pickers and trucks in the logistics and materials handling industry to ensure efficient and safe operations. These sensors are also used by automatic doors and elevators to detect or count the presence of people. The use of photoelectric sensors is developing in the industrial sector, owing to manufacturers' increased focus on raising productivity and minimizing manual labor in order to stay competitive in the global market. The involvement of the United States and China in a trade war may result in global trade being regionalized. By extending tariffs to business restrictions on specific companies and charges of currency manipulation, this trade war has already harmed trade flows between the two countries. Global industrial uncertainty has grown as a result of the ongoing trade war. It has also harmed global economic progress, as evidenced by the drop in international trade. In important markets, the Manufacturing Purchasing Managers' Index has fallen, and export order levels have fallen. The food and beverage sector concentrates on a number of factors, including product quality control, tracking, and tracing, and assuring product safety throughout the packaging. The food and beverage industry's increased demand for packaging solutions has resulted in an increase in productivity, which has contributed to an increase in demand for smart sensors in manufacturing facilities. In the food and beverage business, sensors are used to detect shipping crates on conveyor belts, sense the exact location of loading carts, check the level in storage containers, and assure precise measuring of cut blocks of food. The photoelectric sensor ecosystem's major players are concentrating on expanding their customer base in the food and beverage industry. For example, photoelectric sensors from SICK AG (Germany) and Omron Corporation (Japan) are available for the food and beverage industry, allowing machine process control and higher productivity.

Photoelectric Sensor Market Segment Analysis

Based on Type, the market is sub-segmented into Through-Beam Photoelectric Sensors, Retro reflective Photoelectric Sensors, and Reflective Photoelectric Sensors. The retro-reflective segment dominated the photoelectric sensor market in 2021, and this trend is expected to continue throughout the forecast period. The growing use of retro-reflective photoelectric sensors in industrial manufacturing, pharmaceuticals, and medical applications can be ascribed to the expansion of the retro-reflective category. These sensors include simple wiring and optical axis adjustment controls, allowing them to operate without being impacted by the color or angle of the objects they are tracking. To eliminate empty pill packing, retro-reflective photoelectric sensors are utilized in pharmaceuticals and medical applications. Based on Range, the market is sub-segmented into ≤100 mm, 100 to 1,000 mm, 1,000 to 10,000 mm and >10,000 mm. From 2020 to 2025, the photoelectric sensor market is expected to be led by the 100 to 1,000 mm range segment. The rising demand for 100 to 1,000 mm photoelectric sensors from various end-use sectors might be attributable to the rise of this segment. These sensors can detect objects at long and short ranges, regardless of their materials, which include glass, metal, plastic, wood, and liquid. The photoelectric sensors in the 100 to 1,000 mm range are small and inexpensive. Based on Structure, the market is sub-segmented into Built-In Amplifier, Built-In Power Supply, Separate Amplifier, and Fiber Type. From 2020 to 2025, the built-in amplifier market is expected to develop at a CAGR of 6.1 percent. The widespread usage of built-in amplifier photoelectric sensors in ICs and wafer detecting applications in the semiconductor production process accounts for the segment's rise. Furthermore, these sensors are used for the accurate detection of long-range objects with little curve and gloss effects on their detecting capabilities. Photoelectric sensors with built-in amplifiers are utilized in industrial manufacturing and automotive applications. During the forecast period, the fiber type segment of the market is expected to grow at the fastest rate of 9.4%. The ability of fiber-type photoelectric sensors to detect slight changes in object height accounts for the segment's rise. Fiber photoelectric sensors are only suitable for applications that require a small amount of space. Based on Source, the market is sub-segmented into Laser Beam Source and Standard Beam Source. From 2020 to 2025, the laser beam source segment of the market is expected to increase at a CAGR of 10.8%. Photoelectric sensors with a laser beam source are a recent trend on the market. For the detection of small objects, these sensors provide highly precise little laser dots. Furthermore, because they do not require reflectors, laser beam source photoelectric sensors are easy to mount and have lower maintenance costs. As a result, laser beam photoelectric sensors are becoming more widely employed in plant management, security, and surveillance. Based on Output, the market is sub-segmented into Digital and Analog. In 2021, the digital output segment of the photoelectric sensor market retained a greater proportion than the analogue output segment. From 2020 through 2025, this tendency is projected to continue. Object detection is one of the most common uses for photoelectric sensors, which has led to its widespread acceptance. Furthermore, compared to analogue output photoelectric sensors, these sensors provide both design and operating advantages. They provide higher technical performance, increased safety margins, and lower maintenance expenses. As a result, the photoelectric sensor market's digital output sector is expected to increase at a faster rate than the analogue output segment over the forecast period. Photoelectric Sensor Market Based on Application, the market is sub-segmented into Consumer Electronics, Industrial Manufacturing, Automotive and Transportation, Building Automation, Food and Beverages, Pharmaceuticals and Medical, Packaging, and Others. During the forecast period, the market for food and beverages is expected to rise at the fastest CAGR. The need for photoelectric sensors is being fueled by the food and beverage industry's rising focus on technology and mechanical manipulation of raw foods to create high-value-added food products. Furthermore, automation brings uniformity to all packaged foods and beverages. It reduces human intervention, reduces the risk of food contamination, and guarantees that all health regulations are met.

Photoelectric Sensor Market Regional Insights

Despite China, Japan, and South Korea's increased interest in automation and industrial robotics, the Asia Pacific photoelectric sensor market accounted for over 35% of revenue in 2021 and is predicted to rise at a 9% CAGR through 2029. Growing government backing has motivated regional firms to integrate IoT-based devices and robots into factories, increasing the value of the industry. According to the International Federation of Robotics (IFR) Report 2020, Japan's operating stock of industrial robots was roughly 355,000 units in 2020, up 13% from the previous year. The increasing use of robots in the region will increase photoelectric sensor manufacturers' economic prospects. The expansion of photoelectric sensors in the area is being driven by increased use of advanced technology, expanding acceptance of IIoT across various industrial facilities, and rising safety mandates in developing countries such as India, Japan, and China. The continuous expansion of end-user sectors such as consumer electronics, industrial, automotive, and textile is driving the photoelectric sensors market forward as these sensors are used to improve the productivity of manufacturing setups by allowing data collected by the sensors to be collated and acted upon immediately. The objective of the report is to present a comprehensive analysis of the global Photoelectric Sensor market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Photoelectric Sensor market dynamics, structure by analyzing the market segments and projecting the global Photoelectric Sensor market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Photoelectric Sensor market make the report investor’s guide.

Photoelectric Sensor Market Scope: Inquire before buying

Photoelectric Sensor Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 1.07 Bn.
Forecast Period 2022 to 2029 CAGR: 7% Market Size in 2029: US $ 1.83 Bn.
Segments Covered: by Type •Through-Beam Photoelectric Sensors • Retro reflective Photoelectric Sensors • Reflective Photoelectric Sensors
by Range • ≤100 mm • 100 to 1,000 mm • 1,000 to 10,000 mm • >10,000 mm
by Structure • Built-In Amplifier • Built-In Power Supply • Separate Amplifier • Fiber Type
by Source • Laser Beam Source • Standard Beam Source
by Output • Digital • Analog
by Application • Consumer Electronics • Industrial Manufacturing • Automotive and Transportation • Building Automation • Food and Beverages • Pharmaceuticals and Medical • Packaging • Others

Photoelectric Sensor Market, by Region

North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)

Photoelectric Sensor Market, Key Players are:

Rockwell • IFM • Pepperl • Balluff • Banner Engineering • Autonics • Bernstein • Omron • Keyence • Sick • Schneider Electric • Panasonic • Cntd Electric Technology • Leuze Electronic • Wenglor Sensoric • Sensopart Industriesensorik • HTM Sensors • Fargo Controls • Baumer Group • Eaton Corporation • Avago Corporation Frequently Asked Questions: 1. Which region has the largest share in Global Photoelectric Sensor Market? Ans: Asia Pacific region held the highest share in 2021. 2. What is the growth rate of Global Photoelectric Sensor Market? Ans: The Global Photoelectric Sensor Market is growing at a CAGR of 1.83% during forecasting period 2022-2029. 3. What is scope of the Global Photoelectric Sensor Market report? Ans: Global Photoelectric Sensor Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Photoelectric Sensor Market? Ans: The important key players in the Global Photoelectric Sensor Market are – Rockwell, IFM, Pepperl, Balluff, Banner Engineering, Autonics, Bernstein, Omron, Keyence, Sick, Schneider Electric, Panasonic, Cntd Electric Technology, Leuze Electronic, Wenglor Sensoric, Sensopart Industriesensorik, HTM Sensors, Fargo Controls, Baumer Group, Eaton Corporation, and Avago Corporation 5. What is the study period of this Market? Ans: The Global Photoelectric Sensor Market is studied from 2021 to 2029.
1. Photoelectric Sensor Market: Research Methodology 2. Photoelectric Sensor Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Photoelectric Sensor Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Photoelectric Sensor Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Photoelectric Sensor Market Segmentation 4.1 Photoelectric Sensor Market, by Type (2021-2029) • Through-Beam Photoelectric Sensors • Retro reflective Photoelectric Sensors • Reflective Photoelectric Sensors 4.2 Photoelectric Sensor Market, by Range (2021-2029) • ≤100 mm • 100 to 1,000 mm • 1,000 to 10,000 mm • >10,000 mm 4.3 Photoelectric Sensor Market, by Structure (2021-2029) • Built-In Amplifier • Built-In Power Supply • Separate Amplifier • Fiber Type 4.4. Photoelectric Sensor Market, by Output (2021-2029) • Laser Beam Source • Standard Beam Source 4.5. Photoelectric Sensor Market, by Output (2021-2029) • Digital • Analog 4.6. Photoelectric Sensor Market, by Application (2021-2029) • Consumer Electronics • Industrial Manufacturing • Automotive and Transportation • Building Automation • Food and Beverages • Pharmaceuticals and Medical • Packaging • Others 5. North America Photoelectric Sensor Market(2021-2029) 5.1 Photoelectric Sensor Market, by Type (2021-2029) • Through-Beam Photoelectric Sensors • Retro reflective Photoelectric Sensors • Reflective Photoelectric Sensors 5.2. Photoelectric Sensor Market, by Range (2021-2029) • ≤100 mm • 100 to 1,000 mm • 1,000 to 10,000 mm • >10,000 mm 5.3 Photoelectric Sensor Market, by Structure (2021-2029) • Built-In Amplifier • Built-In Power Supply • Separate Amplifier • Fiber Type 5.4. Photoelectric Sensor Market, by Source (2021-2029) • Laser Beam Source • Standard Beam Source . 5.5. Photoelectric Sensor Market, by Output (2021-2029) • Digital • Analog 5.6. Photoelectric Sensor Market, by Application (2021-2029) • Consumer Electronics • Industrial Manufacturing • Automotive and Transportation • Building Automation • Food and Beverages • Pharmaceuticals and Medical • Packaging • Other 5.7 North America Photoelectric Sensor Market, by Country (2021-2029) • United States • Canada • Mexico 6. Asia Pacific Photoelectric Sensor Market (2021-2029) 6.1. Asia Pacific Photoelectric Sensor Market, by Type (2021-2029) 6.2. Asia Pacific Photoelectric Sensor Market, by Range (2021-2029) 6.3. Asia Pacific Photoelectric Sensor Market, by Structure (2021-2029) 6.4. Asia Pacific Photoelectric Sensor Market, by Source (2021-2029) 6.5. Asia Pacific Photoelectric Sensor Market, by Output (2021-2029) 6.6. Asia Pacific Photoelectric Sensor Market, by Application (2021-2029) 6.7. Asia Pacific Photoelectric Sensor Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Photoelectric Sensor Market (2021-2029) 7.1 Middle East and Africa Photoelectric Sensor Market, by Type (2021-2029) 7.2. Middle East and Africa Photoelectric Sensor Market, by Range (2021-2029) 7.3. Middle East and Africa Photoelectric Sensor Market, by Structure (2021-2029) 7.4. Middle East and Africa Photoelectric Sensor Market, by Source (2021-2029) 7.5. Middle East and Africa Photoelectric Sensor Market, by Output (2021-2029) 7.6. Middle East and Africa Photoelectric Sensor Market, by Application (2021-2029) 7.7. Middle East and Africa Battery free Sensor Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Photoelectric Sensor Market (2021-2029) 8.1. Latin America Battery free Sensor Market, by Type (2021-2029) 8.2. Latin America Photoelectric Sensor Market, by Range (2021-2029) 8.3. Latin America Photoelectric Sensor Market, by Structure (2021-2029) 8.4. Latin America Photoelectric Sensor Market, by Source (2021-2029) 8.5. Latin America Photoelectric Sensor Market, by Output (2021-2029) 6.6. Latin America Photoelectric Sensor Market, by Application (2021-2029) 8.7. Latin America Battery free Sensor Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 9. European Photoelectric Sensor Market (2021-2029) 9.1. European Battery free Sensor Market, by Type (2021-2029) 9.2. European Photoelectric Sensor Market, by Range (2021-2029) 9.3. European Photoelectric Sensor Market, by Structure (2021-2029) 9.4. European Photoelectric Sensor Market, by Source (2021-2029) 9.5. European Photoelectric Sensor Market, by Output (2021-2029) 9.6. European Photoelectric Sensor Market, by Application (2021-2029) 9.7. European Battery free Sensor Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. IFM 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Pepperl 10.3. Balluff 10.4. Banner Engineering 10.5. Autonics 10.6. Bernstein 10.7. Omron 10.8. Keyence 10.9. Sick 10.10. Schneider Electric 10.11. Panasonic 10.12. Cntd Electric Technology 10.13. Leuze Electronic 10.14. Wenglor Sensoric 10.15. Sensopart Industriesensorik 10.16. HTM Sensors 10.17. Fargo Controls 10.18. Baumer Group 10.19. Eaton Corporation 10.20. Avago Corporation
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