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The global photoelectric sensor market attained a value of about USD 1.99 billion in 2023. The market is further expected to grow at a CAGR of 7.6% during the forecast period of 2024-2032 to reach approximately USD 3.83 billion by 2032.
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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.
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.
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The market, based on technology, can be divided into:
On the basis of type, the market can be segmented into:
The market, based on material, can be classified into:
Based on spectrum, the market can be categorised into:
The market division based on output are:
On the basis of range, the market can be segmented into:
The market, based on application, can be divided into:
On the basis of industry vertical, the market can be categorised into:
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.
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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.
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:
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.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global photoelectric sensor market attained a value of nearly USD 1.99 billion in 2023.
The market is projected to grow at a CAGR of 7.6% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 3.83 billion by 2032.
The major market drivers are the increasing trend of automation and the growing use of photelectric sensors in the food and beverage sector.
The key trends guiding the market growth include the rising adoption of photoelectric sensors in logistics automation, the emergence of autonomous vehicles, and the increasing integration of innovative technologies in the automotive sector.
The major regional markets for photoelectric sensor are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The different technologies considered in the market report are thru-beam, retro-reflective, and diffused.
The various types of photoelectric sensors are laser photoelectric sensor and fibre optics photoelectric sensor.
The different materials of photoelectric sensors are metal and plastic.
The major segments based on spectrums of photoelectric sensor considered in the market report are infrared, visible, and ultraviolet.
Analogue and digital are the significant market segmentations based on outputs 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.
The significant applications of photoelectric sensors are safety, edge detection, film thickness detection, height and level measurement, and position detection, among others.
The different market verticals of photoelectric sensors are consumer electronics, aerospace and defence, automotive, food and beverages, and healthcare, among others.
The major players in the market are OMRON Corporation, Autonics Corporation, Panasonic Corporation, KEYENCE CORPORATION, Rockwell Automation, Inc, and SICK AG, among others.
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