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Photoelectric Sensor Market Size By Product (Photoelectric Fork Sensor, Photoelectric Label Sensor, Photoelectric Distance Sensor, Photoelectric Color Sensor), By Type (Retro Reflective, Through-beam, Diffuse), By Range (<100 mm, 101-1000 mm, 1001-10,000 mm, >10,000 mm), By Source (Laser-beam, Infrared, LED), By Application (Industrial Manufacturing, Automotive & Transportation, Building Automation, Food & Beverages, Pharmaceuticals & Medical, Packaging & Logistics), COVID19 Impact Analysis, Application Potential, Competitive Market Share & Forecast, 2022 – 2030

  • Report ID: GMI3353
  • Published Date: Sep 2022
  • Report Format: PDF

Industry Trends

Photoelectric Sensor Market size surpassed USD 1.5 billion in 2021 and is estimated to expand at about 5% CAGR from 2022 to 2030. The numerous applications of these sensors in the food and beverage sector to drive industry growth.
 

Photoelectric Sensor Market Overview

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These sensors are incorporated in automated assembly lines as well as high-speed rotating conveyors for detecting the purity of product and distance measurement. They are extremely precise and reliable. They assist in production of high-quality, defect-free products in food & beverage industry, favoring the market outlook. Furthermore, constant technological advancements and the R&D efforts by the manufacturers to improve product features will aid the industry to grow in the next 8 years.
 

Low detection sensitivity may limit product adoption

The low detection sensitivity of photoelectric sensors in long-range detection applications is one of the main challenges that the product manufacturers need to address. However, the photoelectric sensor market participants are focused on developing the sensors with better detection capability and features, which will boost product espousal.
 

Automation in material handling industry to expediate demand for color sensors

The China photoelectric color sensor market is anticipated to be worth USD 150 million by 2030. Rising product demand in the material handling sector will primarily influence the business growth. The preference for sophisticated features, including product packing, color matching, and color marks detection, along with rapid automation by the industrialists will foster the usage of these color sensors.
 

Unique ability of diffuse photoelectric sensors

North America Photoelectric Sensor Market Size By Type

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The diffuse type photoelectric sensor market in North America to reach USD 124 million revenue by 2030, owing to the growing industrial automation trends globally. The product has the capacity to identify translucent objects without a dead zone. The growing employment of the product in automated factories to identify components, cartons, and other solid items will supplement the industry share.
 

The usage of photoelectric sensors with 101 mm - 1,000 mm range

The 101 mm - 1,000 mm category held nearly 35% of the France photoelectric sensor industry share in 2021. The range of sensors is gaining traction due to the features such as short range and long-range object detection in addition to compact size integration. This has encouraged businesses in the logistic and packaging vertical to use photoelectric sensors with 101 mm to 1,000 mm range. The wider integration of these sensors in packaging and handling operations is escalating the overall business returns.
 

Precise detection capacity of laser beam source

The Europe photoelectric sensor market from laser beam source is set to cross USD 145 million by 2030. Also, the deployment of product in the manufacturing sector resulting from the focused laser beam's ability to assist in precise identification of tiny targets on the fast-moving conveyor belts will favor the industry statistics.
 

Growing deployment in robotics to boost industrial manufacturing application

Industrial manufacturing segment in Europe region is projected to attain 8% gains through 2030. The increasing support of the government through investments and initiatives for the advancement of new robotics technologies will further propel the acceptance of photoelectric sensors in industrial manufacturing, amplifying market revenues.
 

Europe to emerge as profitable ground for industry players

Global Photoelectric Sensor Market Share By Region

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The European region accounted for a significant revenue share in 2021 and is slated to register around 5% growth between 2022 and 2030. The product demand is being fueled by the rising need in automation and robotics in pharmaceutical, automotive, and chemical industries. The usage of robotics, automation, and advanced sensors is enabling enterprises to maintain their manufacturing with minimum hazards and negligible worker exposure to severe circumstances, further impact the business growth.
 

Product innovations to define competitive landscape

Some of the major companies operating in photoelectric sensor market are Rockwell Automation Inc., OMRON Corporation, KEYENCE CORPORATION, Schneider Electric, and Eaton. Panasonic Corporation, SICK AG, ifm electronics gmbh, Pepperl+Fuchs, and Banner Engineering are some of the other well-known competitors in the sector. These enterprises are emphasizing on acquiring new technologies to meet the expanding demand for photoelectric sensors.
 

For instance, in August 2022, an American industrial automation provider Rockwell Automation announced the release of a new photoelectric sensor with multiple detection modes. All of the models in the series come with visible red-LEDs, favoring implementation in applications such as material handling, packing, and assembly lines.
 

Impact of Covid-19 pandemic on global industry

The governments across the global had restricted movement and implemented lockdowns in response to the COVID-19 spread in 2020, which immediately hampered the major operations throughout the world. The enormity of the shutdown had an impact on supply networks and production processes, impacting the whole economy. However, the amplifying pharmaceutical sector with increasing product adoption during the pandemic enabled the photoelectric sensor market to stay afloat. Also, with regulatory relaxations and supportive economic initiatives, the industry is likely to garner notable returns in the coming years.
 

This market research report on photoelectric sensor includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2030 for the following segments:

Market by, Product

  • Photoelectric fork sensor
  • Photoelectric label sensor
  • Photoelectric distance sensor
  • Photoelectric color sensor
  • Others

Market by, Type

  • Retro reflective
  • Through beam
  • Diffuse

Market by, Range

  • < 100 mm
  • 101 mm - 1,000 mm
  • 1,001 mm to 10,000 mm
  • >10,000 mm

Market by, Source

  • Laser beam
  • Infrared
  • LED

Market by, Application

  • Industrial manufacturing
  • Automotive and transportation
  • Building automation
  • Food and beverages
  • Pharmaceuticals and medical
  • Packaging & logistics
  • Others

The above information is provided on a regional and country basis for the following:

North America

  • U.S.
  • Canada

Europe

  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia

Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Taiwan

Latin America

  • Brazil
  • Mexico

MEA

  • GCC
  • South Africa

 

Authors: Preeti Wadhwani, Prasenjit Saha

Frequently Asked Questions (FAQ) :

The market size of photoelectric sensor registered a valuation of over USD 1.5 billion in 2021 and is estimated to expand at nearly 5% CAGR between 2022-2030, owing to increasing application scope of the product in food & beverages industry.

The photoelectric color sensor segment in China is anticipated to be worth USD 150 million by 2030, backed by the rising product demand in the material handling sector.

The 101 mm - 1,000 mm category captured around 35% revenue share in France photoelectric sensor industry in 2021, pertaining to the features, including short- and long-range object detection and compact size integration, which have compelled product adoption in the logistic and packaging vertical.

Rockwell Automation Inc., OMRON Corporation, KEYENCE CORPORATION, Schneider Electric, Panasonic Corporation, SICK AG, ifm electronics gmbh, Pepperl+Fuchs, Banner Engineering, and Eaton are some of the major companies operating in the business scenario.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 21
  • Tables & Figures: 690
  • Countries covered: 17
  • Pages: 390

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