Reports

Global Photoelectric Sensor Market to Grow at a CAGR of 7.4% During 2021-2026, Aided by the Rising Deployment of Photoelectric Sensors in Military Applications

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Global Photoelectric Sensor Market: By Technology: Thru-Beam, Retro-Reflective, Diffused; By Type; By Material; By Spectrum; By Output; By Range; By Application; By Industry Vertical; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Photoelectric Sensor Market Outlook

The global photoelectric sensor market attained a value of about USD 1.6 billion in 2020. The market is further expected to grow at a CAGR of 7.4% during the forecast period of 2021-2026 to reach approximately USD 2.5 billion by 2026.


Rising Deployment of Photoelectric Sensors Across Industry Verticals to Augment the Market Growth

The global market for photoelectric sensors is being driven by the emerging trends encouraging automation across various industry verticals. Photoelectric sensors are able to detect objects of different materials and sizes and are hence deployed in the industrial sector to achieve efficiency and accuracy. The food and beverage segment is one of the largest end use sectors of photoelectric sensors. This can be attributed to the growing focus towards automation by minimising human intervention in material handling and packaging.

Photoelectric sensors for bottle-cap alignment and orientation, counting packed objects in a conveyor belt, and eliminating the risk of contamination that may arise from the human touch are the various factors that are significantly boosting the food and beverage sector, thereby propelling the market growth of photoelectric sensor. In addition to this, the rising adoption of photoelectric sensors in logistics automation that rely on position and object-sensing for efficient and safe operations is further catalysing the market growth of photoelectric sensor.


Photoelectric Sensor: Industry Definition and Segmentation

A photoelectric sensor refers to a device that detects a change in light intensity. These sensors are made up of a light source (LED), a receiver (phototransistor), a signal converter and an amplifier. The phototransistor, along with the LED, analyses incoming light and appropriately delivers an output.

The market, based on technology, can be divided into:

  • Thru-Beam
  • Retro-Reflective
  • Diffused

On the basis of type, the market can be segmented into:

  • Laser Photoelectric Sensor
  • Fibre Optics Photoelectric Sensor

The market, based on material, can be classified into:

  • Metal
  • Plastic

Based on spectrum, the market can be categorised into:

  • Infrared
  • Visible
  • Ultraviolet

The market division based on output are:

  • Analogue
  • Digital

On the basis of range, the market can be segmented into:

  • Less Than 100 mm
  • 100 - 1,000 mm
  • 1,000 - 10,000 mm
  • More Than 10,000 mm

The market, based on application, can be divided into:

  • Safety
  • Edge Detection
  • Film Thickness Detection
  • Height and Level Measurement
  • Position Detection
  • Others

On the basis of industry vertical, the market can be categorised into:

  • Consumer Electronics
  • Aerospace and Defence
  • Automotive
  • Food and Beverages
  • Healthcare
  • Others

The EMR report looks into the regional markets of photoelectric sensor like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.


The Emergence of Self Driven Cars to Bolster the Market Growth of Photoelectronic Sensor

The growth in the market for photoelectric sensor is anticipated to be driven by the gradual shift towards automation in the automotive industry. The emergence of electric vehicles and self-driven cars are augmenting the demand for photoelectric sensors for the manufacturing of these vehicles, thereby propelling the market growth. During the assembly process, photoelectric sensors are used to monitor the transportation of individual components down the production line, which assists in diminishing the risk of human error. 

Additionally, photoelectric sensors are used in automatic cars for measuring distance and evaluating the position of objects, such as pedestrians or traffic lights, by ensuring the safety of the driver as well as the objects outside the vehicle.  Thus, the flourishing automotive industry with the development of new technologies is expected to be a key driving factor for the market growth of photoelectric sensor over the forecast period.


Key Industry Players in the Global Photoelectric Sensor Market

The report presents a detailed analysis of the following key players in the global photoelectric sensor market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:

  • OMRON Corporation
  • Autonics Corporation
  • Panasonic Corporation
  • KEYENCE CORPORATION
  • Rockwell Automation, Inc
  • SICK AG
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Photoelectric Sensor Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Photoelectric Sensor Historical Market (2016-2020) 
    8.3    Global Photoelectric Sensor Market Forecast (2021-2026)
    8.4    Global Photoelectric Sensor Market by Technology
        8.4.1    Thru-Beam 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Retro-Reflective 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Diffused 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Photoelectric Sensor Market by Type
        8.5.1    Laser Photoelectric Sensor
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Fibre Optics Photoelectric Sensor
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.6    Global Photoelectric Sensor Market by Material
            8.6.1    Metal
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Plastic
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Photoelectric Sensor Market by Spectrum
        8.7.1    Infrared
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Visible
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Ultraviolet
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
    8.8    Global Photoelectric Sensor Market by Output
        8.8.1    Analogue
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
        8.8.2    Digital
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
    8.9    Global Photoelectric Sensor Market by Range
        8.9.1    Less Than 100 mm
            8.9.1.1    Market Share
            8.9.1.2    Historical Trend (2016-2020)
            8.9.1.3    Forecast Trend (2021-2026)
        8.9.2    100 - 1,000 mm
            8.9.2.1    Market Share
            8.9.2.2    Historical Trend (2016-2020)
            8.9.2.3    Forecast Trend (2021-2026)
        8.9.3    1,000 - 10,000 mm
            8.9.3.1    Market Share
            8.9.3.2    Historical Trend (2016-2020)
            8.9.3.3    Forecast Trend (2021-2026)
        8.9.4    More Than 10,000 mm
            8.9.4.1    Market Share
            8.9.4.2    Historical Trend (2016-2020)
            8.9.4.3    Forecast Trend (2021-2026)
    8.10    Global Photoelectric Sensor Market by Application
        8.10.1    Safety
            8.10.1.1    Market Share
            8.10.1.2    Historical Trend (2016-2020)
            8.10.1.3    Forecast Trend (2021-2026)
        8.10.2    Edge Detection
            8.10.2.1    Market Share
            8.10.2.2    Historical Trend (2016-2020)
            8.10.2.3    Forecast Trend (2021-2026)
        8.10.3    Film Thickness Detection
            8.10.3.1    Market Share
            8.10.3.2    Historical Trend (2016-2020)
            8.10.3.3    Forecast Trend (2021-2026)
        8.10.4    Height and Level Measurement
            8.10.4.1    Market Share
            8.10.4.2    Historical Trend (2016-2020)
            8.10.4.3    Forecast Trend (2021-2026)
        8.10.5    Position Detection
            8.10.5.1    Market Share
            8.10.5.2    Historical Trend (2016-2020)
            8.10.5.3    Forecast Trend (2021-2026)
        8.10.6    Others
    8.11    Global Photoelectric Sensor Market by Industry Vertical
        8.11.1    Consumer Electronics
            8.11.1.1    Market Share
            8.11.1.2    Historical Trend (2016-2020)
            8.11.1.3    Forecast Trend (2021-2026)
        8.11.2    Aerospace and Defence
            8.11.2.1    Market Share
            8.11.2.2    Historical Trend (2016-2020)
            8.11.2.3    Forecast Trend (2021-2026)
        8.11.3    Automotive
            8.11.3.1    Market Share
            8.11.3.2    Historical Trend (2016-2020)
            8.11.3.3    Forecast Trend (2021-2026)
        8.11.4    Food and Beverages
            8.11.4.1    Market Share
            8.11.4.2    Historical Trend (2016-2020)
            8.11.4.3    Forecast Trend (2021-2026)
        8.11.5    Healthcare
            8.11.5.1    Market Share
            8.11.5.2    Historical Trend (2016-2020)
            8.11.5.3    Forecast Trend (2021-2026)
        8.11.6    Others
    8.12    Global Photoelectric Sensor Market by Region
        8.12.1    Market Share
            8.12.1.1    North America
            8.12.1.2    Europe
            8.12.1.3    Asia Pacific
            8.12.1.4    Latin America
            8.12.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    OMRON Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Autonics Corporation
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Panasonic Corporation
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    KEYENCE CORPORATION
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Rockwell Automation, Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    SICK AG
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Photoelectric Sensor Market: Key Industry Highlights, 2016 and 2026
2.    Global Photoelectric Sensor Historical Market: Breakup by Technology (USD Billion), 2016-2020
3.    Global Photoelectric Sensor Market Forecast: Breakup by Technology (USD Billion), 2021-2026
4.    Global Photoelectric Sensor Historical Market: Breakup by Type (USD Billion), 2016-2020
5.    Global Photoelectric Sensor Market Forecast: Breakup by Type (USD Billion), 2021-2026
6.    Global Photoelectric Sensor Historical Market: Breakup by Material (USD Billion), 2016-2020
7.    Global Photoelectric Sensor Market Forecast: Breakup by Material (USD Billion), 2021-2026
8.    Global Photoelectric Sensor Historical Market: Breakup by Spectrum (USD Billion), 2016-2020
9.    Global Photoelectric Sensor Market Forecast: Breakup by Spectrum (USD Billion), 2021-2026
10.    Global Photoelectric Sensor Historical Market: Breakup by Output (USD Billion), 2016-2020
11.    Global Photoelectric Sensor Market Forecast: Breakup by Output (USD Billion), 2021-2026
12.    Global Photoelectric Sensor Historical Market: Breakup by Range (USD Billion), 2016-2020
13.    Global Photoelectric Sensor Market Forecast: Breakup by Range (USD Billion), 2021-2026
14.    Global Photoelectric Sensor Historical Market: Breakup by Application (USD Billion), 2016-2020
15.    Global Photoelectric Sensor Market Forecast: Breakup by Application (USD Billion), 2021-2026
16.    Global Photoelectric Sensor Historical Market: Breakup by Industry Vertical (USD Billion), 2016-2020
17.    Global Photoelectric Sensor Market Forecast: Breakup by Industry Vertical (USD Billion), 2021-2026
18.    Global Photoelectric Sensor Historical Market: Breakup by Region (USD Billion), 2016-2020
19.    Global Photoelectric Sensor Market Forecast: Breakup by Region (USD Billion), 2021-2026
20.    North America Photoelectric Sensor Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    North America Photoelectric Sensor Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Europe Photoelectric Sensor Historical Market: Breakup by Country (USD Billion), 2016-2020
23.    Europe Photoelectric Sensor Market Forecast: Breakup by Country (USD Billion), 2021-2026
24.    Asia Pacific Photoelectric Sensor Historical Market: Breakup by Country (USD Billion), 2016-2020
25.    Asia Pacific Photoelectric Sensor Market Forecast: Breakup by Country (USD Billion), 2021-2026
26.    Latin America Photoelectric Sensor Historical Market: Breakup by Country (USD Billion), 2016-2020
27.    Latin America Photoelectric Sensor Market Forecast: Breakup by Country (USD Billion), 2021-2026
28.    Middle East and Africa Photoelectric Sensor Historical Market: Breakup by Country (USD Billion), 2016-2020
29.    Middle East and Africa Photoelectric Sensor Market Forecast: Breakup by Country (USD Billion), 2021-2026
30.    Global Photoelectric Sensor Market Structure

Key Questions Answered in the Report

What was the global photoelectric sensor market size in 2020?

The global photoelectric sensor market attained a value of nearly USD 1.6 billion in 2020.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 7.4% in the forecast period of 2021-2026.

What is the forecast outlook of the market for 2021-2026?

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 2.5 billion by 2026.

What are the major industry drivers of the market?

The industry is being driven by rising trends towards automation across various industry sectors to achieve increased efficiency and accuracy and minimise the risk of human errors.

What are the key industry trends of the global photoelectric sensor market?

The market growth is expected to be driven by the use of photoelectric sensors in self driven cars for accurate detection and measurement of distance.

What are the major regional markets of photoelectric sensor, according to the EMR report?

The major regional markets for photoelectric sensor are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

What are the different technologies of photoelectronic sensor?

The different technologies of photoelectronic sensor are thru-beam, retro-reflective, and diffused.

What are the various types of photoelectric sensors?

The various types of photoelectric sensors are laser photoelectric sensor and fibre optics photoelectric sensor.

What are the different materials of photoelectric sensors?

The different materials of photoelectric sensors are metal and plastic.

What are the major kinds of spectrum of photoelectric sensor?

The major kinds of spectrum are infrared, visible, and ultraviolet.

What are the significant outputs of photoelectric sensors?

Analogue and digital are the significant outputs of photoelectric sensors.

What are the major ranges of photoelectric sensors?

The major ranges of photoelectric sensors are less than 100 mm, 100 - 1,000 mm, 1,000 - 10,000 mm, and more than 10,000 mm.

What are the significant applications of photoelectric sensor?

The significant applications of photoelectric sensors are safety, edge detection, film thickness detection, height and level measurement, and position detection, among others.

What are the different industry verticals of photoelectric sensor?

The different industry verticals of photoelectric sensors are consumer electronics, aerospace and defence, automotive, food and beverages, and healthcare, among others.

Who are the key industry players, according to the report?

The major players in the industry are OMRON Corporation, Autonics Corporation, Panasonic Corporation, KEYENCE CORPORATION, Rockwell Automation, Inc, and SICK AG, among others.

Analyst Review

The global photoelectric sensor market attained a value of about USD 1.6 billion in 2020, driven by the ongoing automation in logistics and packaging sectors. Aided by the rising deployment of photoelectric sensors in automotive sector, the market is expected to grow at a CAGR of 7.4% in the forecast period of 2021-2026 to reach nearly USD 2.5 billion by 2026.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. Based on technology, the market can be divided into thru-beam, retro-reflective, and diffused. On the basis of type, the market can be segmented into laser photoelectric sensor and fibre optics photoelectric sensor. The market, based on material, can be categorised into metal and plastic. On the basis of spectrum, the market can be categorised into infrared, visible, and ultraviolet. The market, based on output, can be classified into analogue and digital. Based on range, the market segmentations include less than 100 mm, 100 - 1,000 mm, 1,000 - 10,000 mm, and more than 10,000 mm. Based on applications, the market can be divided into safety, edge detection, film thickness detection, height and level measurement, and position detection, among others. The market divisions based on industry vertical are consumer electronics, aerospace and defence, automotive, food and beverages, and healthcare, among others. The major regional markets for photoelectric sensors are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry are OMRON Corporation, Autonics Corporation, Panasonic Corporation, KEYENCE CORPORATION, Rockwell Automation, Inc, and SICK AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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