- Rising application in packaging, material handling, and
logistics in multiple industries generating sizable lucrative
opportunities in photoelectric sensors
- Adoption of automated assembly lines creates massive demand for
sensors; sensor manufacturers to tap into emerging avenues in
Asia Pacific, propelled by
industrial robotics
WILMINGTON, Del., Oct. 3, 2022
/PRNewswire/ -- Abundant use of the sensors in numerous material
handling applications has augmented the photoelectric sensor market
size over the years. Enormous uptake of photoelectric sensors in
various industrial applications has generated tremendous growth
opportunities for photoelectric sensor manufacturers. The global
photoelectric sensors market is forecast to expand at CAGR of 7.6 %
from 2022 to 2031.
Growing demand for built-in amplifier photoelectric sensors in
wafer detection applications underpins a vast revenue potential for
firms in photoelectric sensors market, observed the TMR analysts.
Rising demand from food & beverages industry has allowed sensor
manufacturers to grow their photoelectric sensors market
shares.
The choice of photoelectric sensor types varies depending on
what tracking and tracing applications they are meant for. Of note,
photoelectric sensors are widely utilized in wafer detection,
conveyor system monitoring, and transparent bottle tracking in
F&B industries, and identifying presence/absence of objects,
owing to attractive optical properties. Stridently, R&D on
these sensors have led to advanced capabilities in response time,
sensing range, and reliability of detection in wide array of
applications, thereby expanding the canvas for players in
photoelectric sensors market.
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Key Findings of Photoelectric Sensors Market Study
- Wide Spectrum of Applications in Automated Manufacturing and
Production Lines Steering Revenues: Rise in use of
photoelectric sensors for monitoring and controlling machines in
automated assembly lines has generated abundant opportunities in
multiple manufacturing industries. Customers in end-use industries
are preferring these due to benefits of faster response time,
non-contact sensing, and long-distance sensing, thus boosting the
photoelectric sensors market prospects. The increasing trend of
automation in handling and assembly processes in metal,
electronics, and automotive will catalyze the rate of uptake of the
sensors.
- Uptake of Photoelectric Sensors in F&B Industry to Rise
to Ensure Product Quality: Stringent hygiene and food safety
requirements are spurring the demand for photoelectric sensors in
the food & beverages industry. Their use in packaging
applications is slated to rise during the forecast period, notably
where bottles are used. They have been widely used for preventing
any positioning errors of the bottle cap, for instance. The
application is poised to grow rapidly, generating attractive growth
opportunities for manufacturers in photoelectric sensors
market.
- Built-in Amplifier Photoelectric Sensors Gaining Preference
Among Customers: Built-in amplifier photoelectric sensors are
gathering traction especially for wafer detection and IC
applications in semiconductor manufacturing industries. The segment
held a major market share in 2021. Several product attributes
reinforce the utilization of this configuration type of
photoelectric sensors, notably their ability to detect transparent
objects.
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Photoelectric Sensors Market: Key Drivers
- Rising demand for photoelectric sensors in industrial
automation applications is a key driving force for market growth.
They are gathering traction in logistic & material handling and
packaging applications in various industries.
- Rapid pace of urbanization in some emerging economies has
spurred automatic door installation in commercial spaces, which is
enriching the prospects of photoelectric sensors. The sensors are
popularly used in automatic doors.
- Need for sensors that can be used for the detection of
transparent objects is expanding the avenues for firms in
photoelectric sensors market
Photoelectric Sensors Market: Regional Growth
Dynamics
Asia Pacific held a major share
of the global photoelectric sensors market in 2021, and is
anticipated to remain lucrative over the next ten years. Increasing
trend of industrial automation and rising adoption of industrial
robotics especially in end-use industries in China, South
Korea, and Japan have
created tremendous demand for photoelectric sensors. Rising
adoption of IoT-based machines in smart factories will generate
massive revenue streams in the regional market.
Photoelectric Sensors Market: Key Players
A TMR study scrutinizing the strategic dynamics of the
photoelectric sensors market found that competition landscape is
characterized by high degree of consolidation. Relatively few
vendors control the value chain of the market.
Some of the key market players are Schneider Electric SE,
Rockwell Automation Inc., Panasonic Industry Co., Ltd., Omron
Corporation, Keyence Corporation, ifm electronic gmbh, Eaton
Corporation, Baumer Group, and Autonics Corporation.
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Photoelectric Sensors Market Segmentation
- Type
-
- Through-Beam Photoelectric Sensors
- Retroreflective Photoelectric Sensors
- Diffused Photoelectric Sensors
- Range
-
- Upto 100 mm
- 100 to 1,000 mm
- Above 1,000 mm
- Configuration
-
- Sensors with Separate Alifiers
- Built-in Amplifier Sensors
- Sensors with Built-in Power Supplies
- Area Sensors
- Application
-
- Conveyors
- Liquid Crystal Displays
- Logistics and Materials Handling
- Automatic doors
- Industrial Automation
- Elevators
- Others (Track Packaging, Robotic Pickers, etc.)
- End-use Industry
-
- Consumer Electronic
- Automotive and Transportation
- Healthcare
- Industrial
- Food & Beverage
- Others (Chemicals, Building and Construction, etc.)
Regions Covered
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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