Dublin, Nov. 12, 2020 (GLOBE NEWSWIRE) -- The "Photoelectric Sensor Market with COVID-19 Impact Analysis by Type (Through Beam, Retroreflective, Reflective), Range, Structure, Beam Source, Output, Application (Industrial Manufacturing, Food and Beverages) and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The photoelectric sensor market was valued at USD 1.4 billion in 2019 and is projected to reach USD 2.1 billion by 2025; it is expected to grow at a CAGR of 7.8% from 2020 to 2025.
Major factors driving the growth of the photoelectric sensor market include extensive use of photoelectric sensors in different industries, increased adoption of retroreflective photoelectric sensors in various applications, and surged adoption of industrial robots across several regions.
Based on type, the retroreflective segment held the largest share of the photoelectric sensor market in 2019.
In 2019, the retroreflective segment held the largest share of the photoelectric sensor market, and this trend is projected to prevail during the forecast period. The growth of the retroreflective segment can be attributed to the rising use of retroreflective photoelectric sensors in industrial manufacturing and pharmaceuticals and medical applications. These sensors have simple wiring and optical axis adjustment controls, which enable their unaffected operations irrespective of the color or angle of the targeted objects. Retroreflective photoelectric sensors are used in pharmaceuticals and medical applications to avoid the empty packaging of tablets.
Based on range, the 100 to 1,000 mm range segment held the largest share of the photoelectric sensor market in 2019.
The 100 to 1,000 mm range segment held the largest share of the photoelectric sensor market in 2019 and is likely to exhibit a similar growth trend during the forecast period. The growth of this segment can be attributed to the increased demand for 100 to 1,000 mm photoelectric sensors from various end-use industries. These sensors can carry out long-range and short-range object detection, irrespective of their materials such as glass, metal, plastic, wood, and liquid. The 100 to 1,000 mm range photoelectric sensors are compact and cost-effective.
Based on structure, the built-in amplifier segment held the largest share of the photoelectric sensor market in 2019.
The built-in amplifier segment held the largest share of the photoelectric sensor market in 2019, and this trend is expected to continue during the forecast period. The growth of this segment can be attributed to the extensive use of built-in amplifier photoelectric sensors in ICs and wafer detection applications in the semiconductor manufacturing process. Moreover, these sensors are used for the reliable detection of objects in the long-range with less effect of curve and gloss on their sensing capabilities. Built-in amplifier photoelectric sensors are used in industrial manufacturing and automotive applications. The fiber type segment of the market is projected to grow at the highest CAGR of 9.4% during the forecast period. The growth of this segment can be attributed to the ability of fiber type photoelectric sensors to detect small differences in the height of objects. The use of fiber type photoelectric sensors is limited to narrow-space applications.
Based on the application, the industrial manufacturing applications held the largest market share in 2019.
In 2019, the industrial manufacturing segment held the largest share of the photoelectric sensor market. The advent of Industry 4.0, automation robots, virtual reality, and augmented reality to make manufacturing easy and risk-free has led to the adoption of photoelectric sensors in various industries. The modernization of machinery and other manufacturing systems to ensure less human interference are also driving the growth of the photoelectric sensor market.
The food and beverage segment of the market is projected to grow at the highest CAGR during the forecast period. The growing focus of the food and beverage industry on technologies and mechanical manipulation of raw foods to create high value-added food products is fueling the demand for photoelectric sensors. Moreover, automation brings standardization in all packaged food items and beverages. It minimizes human interference, thereby eliminating the chances of contamination of food and ensuring that all health standards are met.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in Photoelectric Sensor Market
4.2 Photoelectric Sensor Market, by Type
4.3 Photoelectric Sensor Market, by Geography
4.4 Photoelectric Sensor Market, by Application and Region
5 Market Overview
5.2 Market Dynamics
184.108.40.206 Extensive Use of Photoelectric Sensors in Different Industries
220.127.116.11 Increased Adoption of Retroreflective Photoelectric Sensors in Various Applications
18.104.22.168 Surged Adoption of Industrial Robots Across Several Regions
22.214.171.124 Us-China Trade War
126.96.36.199 Easy Availability of Competent Alternative Sensors
188.8.131.52 Increasing Demand for Photoelectric Sensors for Packaging Applications from Food and Beverages Industry
184.108.40.206 Ongoing Digitization and Emerging Connected Industries
220.127.116.11 Prevailing Trend of Miniaturized Sensors
18.104.22.168 Unavailability of Raw Materials
22.214.171.124 High Maintenance Costs of Photoelectric Sensors
5.3 Revenue Shift and New Revenue Pockets for Photoelectric Sensor Market
5.4 Photoelectric Sensor Ecosystem
5.5 Asp Trend Analysis for Photoelectric Sensors
5.6 Value Chain Analysis
5.7 Government Regulations and Standards Related to Photoelectric Sensors
5.8 Technologies Used in Photoelectric Sensors
5.8.1 Key Technologies
126.96.36.199 Cmos Technology
188.8.131.52 Durabeam Technology
184.108.40.206 Multi Pixel Technology (Mpt)
5.9 Patent Analysis
5.10 Use Cases for Photoelectric Sensors
5.10.1 Use of Photoelectric Sensors Offered by Sick AG with Machines of Heye International GmbH for Glass Bottle Counting
5.10.2 Adoption of Photoelectric Sensors of Ifm Electronic GmbH for Detecting Position of Stators
6 Impact of COVID-19 on Photoelectric Sensor Market
7 Photoelectric Sensor Market, by Type
7.2 Through-Beam Photoelectric Sensors
7.2.1 Through-Beam Photoelectric Sensors Offer Longest and Most Accurate Sensing Range
7.2.2 Retroreflective Photoelectric Sensors
220.127.116.11 Retroreflective Photoelectric Sensors Work Best for Transparent Products
7.2.3 Reflective Photoelectric Sensors
18.104.22.168 Cost-Effectiveness and Ease of Installation of Reflective Photoelectric Sensors Lead to Their Increased Global Demand
8 Photoelectric Sensor Market, by Range
8.2 ?100 Mm
8.2.1 Increased Demand for ?100 Mm Photoelectric Sensors for Close Monitoring of Small Objects
8.3 100 to 1,000 Mm
8.3.1 100 to 1,000 Mm Segment Held Largest Share of Photoelectric Sensor Market in 2019
8.4 1,000 to 10,000 Mm
8.4.1 Surged Adoption of 1,000 to 10,000 Mm Range Photoelectric Sensors in Food and Beverages and Packaging Applications
8.5 >10,000 Mm
8.5.1 Increased Use of >10,000 Mm Range Photoelectric Sensors in Transportation and Building Automation Applications
9 Photoelectric Sensor Market, by Structure
9.2 Built-In Amplifier
9.2.1 Built-In Amplifier Segment Held Largest Share of Photoelectric Sensor Market in 2019
9.3 Built-In Power Supply
9.3.1 Surged Adoption of Photoelectric Sensors with Built-In Power Supply in Noise-Free Applications and Compact Devices
9.4 Separate Amplifier
9.4.1 Increased Use of Separate Amplifier Photoelectric Sensors in Applications with Space Constraints
9.5 Fiber Type
9.5.1 Excellent Resistance Offered by Fiber Type Photoelectric Sensors to Harsh Environmental Conditions
10 Photoelectric Sensor Market, by Beam Source
10.2 Laser Beam Source
10.2.1 Increased Demand for Long-Range and Highly Accurate Laser Beam Source Photoelectric Sensors
10.3 Standard Beam Source
10.3.1.1 High Efficiency of Infrared Sensors Drive Their Global Demand
10.3.2.1 Led Segment Held Large Share of Standard Beam Source Photoelectric Sensor Market in 2019
11 Photoelectric Sensor Market, by Output
11.2.1 Digital Output Segment of Photoelectric Sensor Market to Grow at High CAGR from 2020 to 2025
11.3.1 Risen Demand for Analog Output Photoelectric Sensors to Analyze Variations in Current Measurements
12 Photoelectric Sensor Market, by Application
12.2 Consumer Electronics
12.2.1 Replacement of Mechanical Buttons and Switches in Consumer Electronics with Sleek and Robust Photoelectric Sensor Touch Interfaces
12.3 Industrial Manufacturing
12.3.1 Industrial Manufacturing Segment to Account for Largest Share of Photoelectric Sensor Market in 2025
12.4 Automotive and Transportation
12.4.1 Surged Demand for Photoelectric Sensors in Automotive and Transportation Application to Adhere to Changing Government Norms and Standards
12.5 Building Automation
12.5.1 Increased Number of Smart City Initiatives and Adoption of Photoelectric Sensors in Building Automation Solutions
12.6 Food and Beverages
12.6.1 Food and Beverages Segment of Photoelectric Sensor Market to Grow at Highest CAGR from 2020 to 2025
12.7 Pharmaceuticals and Medical
12.7.1 Increased Adoption of Photoelectric Sensors in Pharmaceuticals and Medical Applications for Accurate Liquid Level Detection and Tablet Counts
12.8.1 Surged Use of Photoelectric Sensors in Packaging Plants to Track Transparent Packages and Count Pet Bottles
13 Geographic Analysis
13.2 North America
14 Competitive Landscape
14.2 Market Ranking Analysis of Players in Photoelectric Sensor Market, 2019
14.3 Market Evaluation Framework
14.3.1 Product Launches and Developments
14.3.2 Expansions, Partnerships, Acquisitions, and Joint Ventures
14.3.3 Agreements and Collaborations
14.4 Revenue Analysis of Top Market Players
15 Company Evaluation Matrix
15.2 Company Evaluation Matrix Definition and Methodology
15.2.1 Market Share/Ranking
15.2.4 Emerging Leader
15.3 Company Evaluation Matrix (Global)
15.4 Small and Medium-Sized Enterprises Evaluation Matrix
15.5 Strength of Product Portfolio
15.6 Business Strategy Excellence
16 Company Profiles
16.1 Key Players
16.1.1 Omron Corporation
16.1.2 Keyence Corporation
16.1.3 Sick Ag
16.1.4 Schneider Electric
16.1.5 Rockwell Automation Inc.
16.1.6 Ifm Electronic GmbH
16.1.8 Balluff Inc.
16.1.9 Banner Engineering
16.1.10 Panasonic Corporation
16.2 Right to Win
16.3 Other Key Players
16.3.1 Sensopart Industriesensorik GmbH
16.3.2 Htm Sensors
16.3.3 Fargo Controls Inc.
16.3.4 Eaton Corporation
16.3.5 Leuze Electronic GmbH + Co. Kg
16.3.6 Wenglor Sensoric
16.3.7 Autonics Corporation
16.3.8 Bernstein Ag
16.3.9 CNTD Electric Technology Co. Ltd.
16.3.10 Hans Turck GmbH & Co. Kg.
16.3.11 Carlo Gavazzi Holding Ag
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