Global Photoelectric Sensor Market (2020 to 2025) - Ongoing Digitization and Emerging Connected Industries Presents Opportunities
DUBLIN, Nov. 20, 2020 /PRNewswire/ -- The "Photoelectric Sensor Market with COVID-19 Impact Analysis by Type (Through Beam, Retroreflective, Reflective), Range, Structure, Beam Source, Output, Application (Industrial Manufacturing, Food and Beverages) and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The photoelectric sensor market was valued at USD 1.4 billion in 2019 and is projected to reach USD 2.1 billion by 2025; it is expected to grow at a CAGR of 7.8% from 2020 to 2025.
Major factors driving the growth of the photoelectric sensor market include extensive use of photoelectric sensors in different industries, increased adoption of retroreflective photoelectric sensors in various applications, and surged adoption of industrial robots across several regions.
Based on type, the retroreflective segment held the largest share of the photoelectric sensor market in 2019.
In 2019, the retroreflective segment held the largest share of the photoelectric sensor market, and this trend is projected to prevail during the forecast period. The growth of the retroreflective segment can be attributed to the rising use of retroreflective photoelectric sensors in industrial manufacturing and pharmaceuticals and medical applications. These sensors have simple wiring and optical axis adjustment controls, which enable their unaffected operations irrespective of the color or angle of the targeted objects. Retroreflective photoelectric sensors are used in pharmaceuticals and medical applications to avoid the empty packaging of tablets.
Based on range, the 100 to 1,000 mm range segment held the largest share of the photoelectric sensor market in 2019.
The 100 to 1,000 mm range segment held the largest share of the photoelectric sensor market in 2019 and is likely to exhibit a similar growth trend during the forecast period. The growth of this segment can be attributed to the increased demand for 100 to 1,000 mm photoelectric sensors from various end-use industries. These sensors can carry out long-range and short-range object detection, irrespective of their materials such as glass, metal, plastic, wood, and liquid. The 100 to 1,000 mm range photoelectric sensors are compact and cost-effective.
Based on structure, the built-in amplifier segment held the largest share of the photoelectric sensor market in 2019.
The built-in amplifier segment held the largest share of the photoelectric sensor market in 2019, and this trend is expected to continue during the forecast period. The growth of this segment can be attributed to the extensive use of built-in amplifier photoelectric sensors in ICs and wafer detection applications in the semiconductor manufacturing process. Moreover, these sensors are used for the reliable detection of objects in the long-range with less effect of curve and gloss on their sensing capabilities. Built-in amplifier photoelectric sensors are used in industrial manufacturing and automotive applications. The fiber type segment of the market is projected to grow at the highest CAGR of 9.4% during the forecast period. The growth of this segment can be attributed to the ability of fiber type photoelectric sensors to detect small differences in the height of objects. The use of fiber type photoelectric sensors is limited to narrow-space applications.
Based on the application, the industrial manufacturing applications held the largest market share in 2019.
In 2019, the industrial manufacturing segment held the largest share of the photoelectric sensor market. The advent of Industry 4.0, automation robots, virtual reality, and augmented reality to make manufacturing easy and risk-free has led to the adoption of photoelectric sensors in various industries. The modernization of machinery and other manufacturing systems to ensure less human interference are also driving the growth of the photoelectric sensor market.
The food and beverage segment of the market is projected to grow at the highest CAGR during the forecast period. The growing focus of the food and beverage industry on technologies and mechanical maniplation of raw foods to create high value-added food products is fueling the demand for photoelectric sensors. Moreover, automation brings standardization in all packaged food items and beverages. It minimizes human interference, thereby eliminating the chances of contamination of food and ensuring that all health standards are met.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Growth Opportunities in Photoelectric Sensor Market 4.2 Photoelectric Sensor Market, by Type 4.3 Photoelectric Sensor Market, by Geography 4.4 Photoelectric Sensor Market, by Application and Region
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Extensive Use of Photoelectric Sensors in Different Industries 5.2.1.2 Increased Adoption of Retroreflective Photoelectric Sensors in Various Applications 5.2.1.3 Surged Adoption of Industrial Robots Across Several Regions 5.2.2 Restraints 5.2.2.1 Us-China Trade War 5.2.2.2 Easy Availability of Competent Alternative Sensors 5.2.3 Opportunities 5.2.3.1 Increasing Demand for Photoelectric Sensors for Packaging Applications from Food and Beverages Industry 5.2.3.2 Ongoing Digitization and Emerging Connected Industries 5.2.3.3 Prevailing Trend of Miniaturized Sensors 5.2.4 Challenges 5.2.4.1 Unavailability of Raw Materials 5.2.4.2 High Maintenance Costs of Photoelectric Sensors 5.3 Revenue Shift and New Revenue Pockets for Photoelectric Sensor Market 5.4 Photoelectric Sensor Ecosystem 5.5 Asp Trend Analysis for Photoelectric Sensors 5.6 Value Chain Analysis 5.7 Government Regulations and Standards Related to Photoelectric Sensors 5.8 Technologies Used in Photoelectric Sensors 5.8.1 Key Technologies 5.8.1.1 Cmos Technology 5.8.1.2 Durabeam Technology 5.8.1.3 Multi Pixel Technology (Mpt) 5.9 Patent Analysis 5.10 Use Cases for Photoelectric Sensors 5.10.1 Use of Photoelectric Sensors Offered by Sick AG with Machines of Heye International GmbH for Glass Bottle Counting 5.10.2 Adoption of Photoelectric Sensors of Ifm Electronic GmbH for Detecting Position of Stators
6 Impact of COVID-19 on Photoelectric Sensor Market
7 Photoelectric Sensor Market, by Type 7.1 Introduction 7.2 Through-Beam Photoelectric Sensors 7.2.1 Through-Beam Photoelectric Sensors Offer Longest and Most Accurate Sensing Range 7.2.2 Retroreflective Photoelectric Sensors 7.2.2.1 Retroreflective Photoelectric Sensors Work Best for Transparent Products 7.2.3 Reflective Photoelectric Sensors 7.2.3.1 Cost-Effectiveness and Ease of Installation of Reflective Photoelectric Sensors Lead to Their Increased Global Demand
8 Photoelectric Sensor Market, by Range 8.1 Introduction 8.2 ?100 Mm 8.2.1 Increased Demand for ?100 Mm Photoelectric Sensors for Close Monitoring of Small Objects 8.3 100 to 1,000 Mm 8.3.1 100 to 1,000 Mm Segment Held Largest Share of Photoelectric Sensor Market in 2019 8.4 1,000 to 10,000 Mm 8.4.1 Surged Adoption of 1,000 to 10,000 Mm Range Photoelectric Sensors in Food and Beverages and Packaging Applications 8.5 >10,000 Mm 8.5.1 Increased Use of >10,000 Mm Range Photoelectric Sensors in Transportation and Building Automation Applications
9 Photoelectric Sensor Market, by Structure 9.1 Introduction 9.2 Built-In Amplifier 9.2.1 Built-In Amplifier Segment Held Largest Share of Photoelectric Sensor Market in 2019 9.3 Built-In Power Supply 9.3.1 Surged Adoption of Photoelectric Sensors with Built-In Power Supply in Noise-Free Applications and Compact Devices 9.4 Separate Amplifier 9.4.1 Increased Use of Separate Amplifier Photoelectric Sensors in Applications with Space Constraints 9.5 Fiber Type 9.5.1 Excellent Resistance Offered by Fiber Type Photoelectric Sensors to Harsh Environmental Conditions
10 Photoelectric Sensor Market, by Beam Source 10.1 Introduction 10.2 Laser Beam Source 10.2.1 Increased Demand for Long-Range and Highly Accurate Laser Beam Source Photoelectric Sensors 10.3 Standard Beam Source 10.3.1 Infrared 10.3.1.1 High Efficiency of Infrared Sensors Drive Their Global Demand 10.3.2 Led 10.3.2.1 Led Segment Held Large Share of Standard Beam Source Photoelectric Sensor Market in 2019
11 Photoelectric Sensor Market, by Output 11.1 Introduction 11.2 Digital 11.2.1 Digital Output Segment of Photoelectric Sensor Market to Grow at High CAGR from 2020 to 2025 11.3 Analog 11.3.1 Risen Demand for Analog Output Photoelectric Sensors to Analyze Variations in Current Measurements
12 Photoelectric Sensor Market, by Application 12.1 Introduction 12.2 Consumer Electronics 12.2.1 Replacement of Mechanical Buttons and Switches in Consumer Electronics with Sleek and Robust Photoelectric Sensor Touch Interfaces 12.3 Industrial Manufacturing 12.3.1 Industrial Manufacturing Segment to Account for Largest Share of Photoelectric Sensor Market in 2025 12.4 Automotive and Transportation 12.4.1 Surged Demand for Photoelectric Sensors in Automotive and Transportation Application to Adhere to Changing Government Norms and Standards 12.5 Building Automation 12.5.1 Increased Number of Smart City Initiatives and Adoption of Photoelectric Sensors in Building Automation Solutions 12.6 Food and Beverages 12.6.1 Food and Beverages Segment of Photoelectric Sensor Market to Grow at Highest CAGR from 2020 to 2025 12.7 Pharmaceuticals and Medical 12.7.1 Increased Adoption of Photoelectric Sensors in Pharmaceuticals and Medical Applications for Accurate Liquid Level Detection and Tablet Counts 12.8 Packaging 12.8.1 Surged Use of Photoelectric Sensors in Packaging Plants to Track Transparent Packages and Count Pet Bottles 12.9 Others
13 Geographic Analysis 13.1 Introduction 13.2 North America 13.3 Europe 13.4 APAC 13.5 Row
14 Competitive Landscape 14.1 Introduction 14.2 Market Ranking Analysis of Players in Photoelectric Sensor Market, 2019 14.3 Market Evaluation Framework 14.3.1 Product Launches and Developments 14.3.2 Expansions, Partnerships, Acquisitions, and Joint Ventures 14.3.3 Agreements and Collaborations 14.4 Revenue Analysis of Top Market Players
15 Company Evaluation Matrix 15.1 Overview 15.2 Company Evaluation Matrix Definition and Methodology 15.2.1 Market Share/Ranking 15.2.2 Star 15.2.3 Pervasive 15.2.4 Emerging Leader 15.3 Company Evaluation Matrix (Global) 15.4 Small and Medium-Sized Enterprises Evaluation Matrix 15.5 Strength of Product Portfolio 15.6 Business Strategy Excellence
16 Company Profiles 16.1 Key Players 16.1.1 Omron Corporation 16.1.2 Keyence Corporation 16.1.3 Sick Ag 16.1.4 Schneider Electric 16.1.5 Rockwell Automation Inc. 16.1.6 Ifm Electronic GmbH 16.1.7 Pepperl+Fuchs 16.1.8 Balluff Inc. 16.1.9 Banner Engineering 16.1.10 Panasonic Corporation 16.2 Right to Win 16.3 Other Key Players 16.3.1 Sensopart Industriesensorik GmbH 16.3.2 Htm Sensors 16.3.3 Fargo Controls Inc. 16.3.4 Eaton Corporation 16.3.5 Leuze Electronic GmbH + Co. Kg 16.3.6 Wenglor Sensoric 16.3.7 Autonics Corporation 16.3.8 Bernstein Ag 16.3.9 CNTD Electric Technology Co. Ltd. 16.3.10 Hans Turck GmbH & Co. Kg. 16.3.11 Carlo Gavazzi Holding Ag
17 Appendix
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