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Photoelectric Sensor Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Technology (Diffused, Retro-Reflective, and Thru-Beam) and End-User (Automotive, Military and Aerospace, Electronics and Semiconductor, Packaging, and Others)

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    Report

  • 155 Pages
  • June 2021
  • Region: Global
  • The Insight Partners
  • ID: 5394020
UP TO OFF until Mar 15th 2023

According to the new research report titled “Photoelectric Sensor Market Forecast to 2028 - COVID-19 Impact and Global Analysis,” The photoelectric sensor market is expected to grow from US$ 1,536.10 million in 2021 to US$ 2,577.56 million by 2028; it is estimated to grow at a CAGR of 7.7% from 2021 to 2028.





The demand for photoelectric sensors is increasing in various manufacturing industries owing to precise output delivered by them. Increasing productivity without hampering product quality is a primary goal of different manufacturing industries. Inconsistencies in production lines and defects in products cause a huge loss to manufacturers, and to overcome this challenge, manufacturers are adopting photoelectric sensors in their production or assembly lines. These sensors help detect objects, check surface conditions, and measure distance through various optical properties, thereby ensuring consistency in assembly line. During the construction of a car body, each part of the body is place on the assembly line with precision. Skids must speed up, slow down, and stop in front of each station, in time, for welding, riveted, and gluing operations. The entire car body assembly line is controlled and processed with help of photoelectric sensors. Further, diffuse mode photoelectric sensors are used in bottle cap feeding machines in the food and beverages industry. They help align and orient each bottle cap in correct position for the bottling. The sensors detect smallest possible feed errors and stop the cap feeding machine operations before the occurrence of capping mistakes. Similarly, photoelectric sensor devices are extensively used in packaging, transportation, and logistics industries for safe transfer, and pickup and drop of goods from conveyer belt. Moreover, semiconductor industries deploy photoelectric sensors extensively due to their extremely small beam angles and sharply defined light spots, which are ideal for the precise positioning required for producing semiconductor devices. Thus, numerous applications of photoelectric sensors in different industries bolster the market growth.



The recent COVID-19 pandemic has moderately impacted the growth of the photoelectric sensor market. Lockdowns and other restrictions have resulted in the halt of the international transportation and infrastructure projects, which hindered the growth of the market. However, the ease of lockdown restrictions, along with increased adoption of the Industrial Internet of Things (IIoT), is expected to boost the market growth due its variety of benefits such as increased resource utilization, and improved efficiency and worker safety in both developed and emerging economies. This, in turn, will support the speedy recovery of the photoelectric sensor market during the postolockdown period.



Key Findings of the Study:


Several players operating in the global photoelectric sensor market are adopting significant strategic initiatives. For instance, in April 2021, Panasonic Corporation created a manufacturable technology that dramatically improves device output fabricated on silicon (Si) wafers by exploiting the unique function of a phononic crystal structure which can overcome the traditional limitation of solids' heat insulation property. The heat loss from the infrared-receiving portion of a thermal-type far infrared sensor was reduced to about a tenth of what it was before the phononic crystal structure was added.





Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global photoelectric sensor market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global automated waste collection system market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Frequently Asked Questions about the Global Photoelectric Sensor Market

What is the estimated value of the Global Photoelectric Sensor Market?

The Global Photoelectric Sensor Market was estimated to be valued at $1458.23 Million in 2021.

What is the growth rate of the Global Photoelectric Sensor Market?

The growth rate of the Global Photoelectric Sensor Market is 7.7%, with an estimated value of $2577.56 Million by 2028.

What is the forecasted size of the Global Photoelectric Sensor Market?

The Global Photoelectric Sensor Market is estimated to be worth $2577.56 Million by 2028.

Who are the key companies in the Global Photoelectric Sensor Market?

Key companies in the Global Photoelectric Sensor Market include Autonics Corporation, Balluff GmbH, Eaton Corporation plc, Ifm Electronic GmbH, Keyence Corporation, OMRON Corporation, Rockwell Automation, Inc., Panasonic Corporation and Schneider Electric SE.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 The Publisher's Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Photoelectric Sensor Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Photoelectric Sensor Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 High Demand in Manufacturing Industries
5.1.2 Accuracy and Reliability of Photoelectric Sensors
5.2 Market Restraint
5.2.1 High Installation and Maintenance Costs
5.3 Market Opportunities
5.3.1 Rising Demand for Photoelectric Sensors in Pharmaceuticals Industry
5.4 Future Trends
5.4.1 Integration of Pulse Ranging Technology
5.5 Impact Analysis of Drivers and Restraints
6. Photoelectric Sensor - Global Market Analysis
6.1 Global Photoelectric Sensor Market Overview
6.2 Global Photoelectric Sensor Market Revenue Forecast and Analysis
6.3 Market Positioning - Five Key Players
7. Photoelectric Sensor Market Revenue and Forecast to 2028 - Technology
7.1 Overview
7.2 Photoelectric Sensor Market, By technology (2020 And 2028)
7.3 Retro-reflective
7.3.1 Overview
7.3.2 Retro-Reflective: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
7.4 Thru-beam
7.4.1 Overview
7.4.2 Thru-Beam: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
7.5 Diffused
7.5.1 Overview
7.5.2 Diffused: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
8. Photoelectric Sensor Market Analysis and Forecast to 2028 - End-use
8.1 Overview
8.2 Photoelectric Sensor Market, By End-use (2020 And 2028)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
8.4 Military and Aerospace
8.4.1 Overview
8.4.2 Military and Aerospace: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
8.5 Electronics and Semiconductor
8.5.1 Overview
8.5.2 Electronics and Semiconductor: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
8.6 Packaging
8.6.1 Overview
8.6.2 Packaging: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
9. Photoelectric Sensor Market - Geographic Analysis
9.1 Overview
9.2 North America: Photoelectric Sensor Market
9.2.1 North America: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Photoelectric Sensor Market, by Technology
9.2.3 North America: Photoelectric Sensor Market, by End-use
9.2.4 North America: Photoelectric Sensor Market, by Key Country
9.2.4.1 US: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Photoelectric Sensor Market, by Technology
9.2.4.1.2 US: Photoelectric Sensor Market, by End-use
9.2.4.2 Canada: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.2.4.2.1 Canada: Photoelectric Sensor Market, by Technology
9.2.4.2.2 Canada: Photoelectric Sensor Market, by End-use
9.2.4.3 Mexico: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Photoelectric Sensor Market, by Technology
9.2.4.3.2 Mexico: Photoelectric Sensor Market, by End-use
9.3 Europe: Photoelectric Sensor Market
9.3.1 Europe: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Photoelectric Sensor Market, by Technology
9.3.3 Europe: Photoelectric Sensor Market, by End-use
9.3.4 Europe: Photoelectric Sensor Market, by Key Country
9.3.4.1 France: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 France: Photoelectric Sensor Market, by Technology
9.3.4.1.2 France: Photoelectric Sensor Market, by End-use
9.3.4.2 Germany: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 Germany: Photoelectric Sensor Market, by Technology
9.3.4.2.2 Germany: Photoelectric Sensor Market, by End-use
9.3.4.3 Italy: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Photoelectric Sensor Market, by Technology
9.3.4.3.2 Italy: Photoelectric Sensor Market, by End-use
9.3.4.4 UK: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Photoelectric Sensor Market, by Technology
9.3.4.4.2 UK: Photoelectric Sensor Market, by End-use
9.3.4.5 Russia: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Photoelectric Sensor Market, by Technology
9.3.4.5.2 Russia: Photoelectric Sensor Market, by End-use
9.3.4.6 Rest of Europe: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Photoelectric Sensor Market, by Technology
9.3.4.6.2 Rest of Europe: Photoelectric Sensor Market, by End-use
9.4 APAC: Photoelectric Sensor Market
9.4.1 APAC: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.4.2 APAC: Photoelectric Sensor Market, by Technology
9.4.3 APAC: Photoelectric Sensor Market, by End-use
9.4.4 APAC: Photoelectric Sensor Market, by Key Country
9.4.4.1 China: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 China: Photoelectric Sensor Market, by Technology
9.4.4.1.2 China: Photoelectric Sensor Market, by End-use
9.4.4.2 Japan: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 Japan: Photoelectric Sensor Market, by Technology
9.4.4.2.2 Japan: Photoelectric Sensor Market, by End-use
9.4.4.3 India: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Photoelectric Sensor Market, by Technology
9.4.4.3.2 India: Photoelectric Sensor Market, by End-use
9.4.4.4 South Korea: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 South Korea: Photoelectric Sensor Market, by Technology
9.4.4.4.2 South Korea: Photoelectric Sensor Market, by End-use
9.4.4.5 Australia: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 Australia: Photoelectric Sensor Market, by Technology
9.4.4.5.2 Australia: Photoelectric Sensor Market, by End-use
9.4.4.6 Rest of APAC: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of APAC: Photoelectric Sensor Market, by Technology
9.4.4.6.2 Rest of APAC: Photoelectric Sensor Market, by End-use
9.5 MEA: Photoelectric Sensor Market
9.5.1 MEA: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.5.2 MEA: Photoelectric Sensor Market, by Technology
9.5.3 MEA: Photoelectric Sensor Market, by End-use
9.5.4 MEA: Photoelectric Sensor Market, by Key Country
9.5.4.1 South Africa: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Photoelectric Sensor Market, by Technology
9.5.4.1.2 South Africa: Photoelectric Sensor Market, by End-use
9.5.4.2 UAE: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 UAE: Photoelectric Sensor Market, by Technology
9.5.4.2.2 UAE: Photoelectric Sensor Market, by End-use
9.5.4.3 Saudi Arabia: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 Saudi Arabia: Photoelectric Sensor Market, by Technology
9.5.4.3.2 Saudi Arabia: Photoelectric Sensor Market, by End-use
9.5.4.4 Rest of MEA: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of MEA: Photoelectric Sensor Market, by Technology
9.5.4.4.2 Rest of MEA: Photoelectric Sensor Market, by End-use
9.6 SAM: Photoelectric Sensor Market
9.6.1 SAM: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.6.2 SAM: Photoelectric Sensor Market, by Technology
9.6.3 SAM: Photoelectric Sensor Market, by End-use
9.6.4 SAM: Photoelectric Sensor Market, by Key Country
9.6.4.1 Brazil: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Photoelectric Sensor Market, by Technology
9.6.4.1.2 Brazil: Photoelectric Sensor Market, by End-use
9.6.4.2 Rest of SAM: Photoelectric Sensor Market - Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Rest of SAM: Photoelectric Sensor Market, by Technology
9.6.4.2.2 Rest of SAM: Photoelectric Sensor Market, by End-use
10. Photoelectric Sensor Market - Covid-19 Impact Analysis
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Middle East and Africa
10.6 South America
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Autonics Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Balluff GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Eaton Corporation plc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 ifm electronic GmbH
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Keyence Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 OMRON Corporation
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Rockwell Automation, Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Panasonic Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 SICK AG
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Schneider Electric SE
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Autonics Corporation
  • Balluff GmbH
  • Eaton Corporation plc
  • Ifm Electronic GmbH
  • Keyence Corporation
  • OMRON Corporation
  • Rockwell Automation, Inc.
  • Panasonic Corporation
  • SICK AG
  • Schneider Electric SE