Press Release
Press Release
The Asia Pacific region is expected to hold a significant share of the overall market for photoelectric sensor in the coming years. The increasing growth of automation in manufacturing industries as a result of the presence of the Industrial Internet of Things (IIoT) is anticipated to drive the market growth in the region. In addition, the flourishing automobile industry due to the presence of leading market players developing the latest technologies to meet the rising consumer expectations are projected to catalyse the market growth in the region. Apart from this, the market growth is anticipated to be propelled by applications of photoelectric sensors in the military and defence sector. These sensors are used for biological agent detection and surveillance to safeguard the military as well as civilians. Furthermore, the development of nanotechnology and smart sensors offer numerous advantages, such as reduced maintenance costs, enhanced reliability, and decreased weight, which is further fuelling the market growth of photoelectric sensor.
OMRON Corporation (TYO: 6645), a global leader in the market for photoelectric sensors, recently announced the launch of a new complementary metal-oxide semiconductor (CMOS) photoelectric sensor in October 2020. The E3AS-HL series of photoelectric sensors are designed to help manufacturers enhance flexibility and minimise maintenance needs. In addition, it provides stable detection even as objects vary in colour, opacity, or pattern with the help of image array technology. Furthermore, the E3AS-HL developed by Omron further reduces the need for specialised set-ups as the photoelectric sensor is easy to use, which makes its set-up quick and easy. This allows the operators to minimise costs by hiring professional help. Also, the E3AS-HL is equipped with two-point object teaching and background suppression (BGS) teaching, which further eases the operations. Hence, the market is expected to be augmented by the development of such innovative technologies by the leading market players.
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The major players in the global photoelectric sensor market are OMRON Corporation, Autonics Corporation, Panasonic Corporation, KEYENCE CORPORATION, Rockwell Automation, Inc, and SICK AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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