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Photoelectric Sensors Market Growth, Trends, Industry Statistics 2022-2030

The global photoelectric sensors market size is expected to be worth around US$ 5.9 billion by 2030, according to a new report by Vision Research Reports.

The global photoelectric sensors market size was valued at US$ 3.6 billion in 2020 and is anticipated to grow at a CAGR of 7.1% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 5.9 Bn by 2030
Growth Rate CAGR of 7.1% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Technology, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Panasonic Corporation; Keyence Corporation; Rockwell Automation Inc.; Autonics Corporation; and Schneider Electric SE

Growth Factors

 Rising penetration of Industrial Internet of Things (IIoT) has also resulted in proliferated demand. Industrial and process systems rely on sensors for reliable and precise data in all aspects of control and automation. Industrial Internet of Things uses this product to measure positions, pressures, and other significant production parameters.

Constant rise in military expenditure across developed and developing countries is also expected to boost market growth. These sensors are used in the military and aerospace industry for biological agent detection and surveillance to safeguard military as well as civilian population. Furthermore, advent of smart photoelectric sensors is anticipated to augment market growth over the forecast period. These smart sensors offer various advantages such as reduced maintenance cost, enhanced reliability, decreased weight, and reduced downtime.

By Technology Analysis

The retro-reflective segment accounted for the majority share in 2020 and is expected to grow at the highest rate over the next eight years. This technology enables reduced maintenance and installation costs and is ideal for reliably detecting transparent objects. It can also efficiently detect large as well as small objects.

The thru-beam segment is anticipated to expand at a CAGR exceeding 5.0%. This technology provides benefits such as stable operation and long sensing distances, owing to which, the segment is anticipated to gain traction over the next eight years as well.

By End-use Analysis

The automotive segment captured the dominant share in the photoelectric sensors market in 2020. These sensors are used in several automotive applications such as enabling advanced electronic power steering systems, detecting automobiles in parking lots, and detecting shiny objects.

The packaging segment is expected to exhibit the highest CAGR over the forecast period. This growth is ascribed to rising automation along with increased penetration of these devices in the packaging industry.

By Regional Analysis

Asia Pacific captured close to 36.0% of the total market in 2020, which is followed by North America. Asia Pacific is also projected to emerge as the fastest growing market, registering a CAGR of nearly 8.0% from 2021 to 2030.

The growth of the European market for photoelectric sensors can be attributed to increasing stringent regulations for industrial automation in several manufacturing facilities in the region.

Key Players

Panasonic Corporation; Keyence Corporation; Rockwell Automation Inc.; Autonics Corporation; and Schneider Electric SE.

Market Segmentation

  • By Technology
    • Diffused
    • Retro-reflective
    • Thru-beam
  • By End-use
    • Automotive
    • Military & Aerospace
    • Electronics & Semiconductor
    • Packaging
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
      • Mexico
    • Middle East & Africa (MEA)

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Photoelectric Sensors Market, By Technology

7.1.  Photoelectric Sensors Market, by Technology, 2021-2030

7.1.1.    Diffused

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Retro-reflective

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Thru-beam

7.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Photoelectric Sensors Market, By End-use

8.1.  Photoelectric Sensors Market, by End-use, 2021-2030

8.1.1.    Automotive

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Military & Aerospace

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Electronics & Semiconductor

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Packaging

8.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Photoelectric Sensors Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Technology (2017-2030)

9.1.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Technology (2017-2030)

9.2.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Technology (2017-2030)

9.3.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Technology (2017-2030)

9.4.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Technology (2017-2030)

9.5.2.    Market Revenue and Forecast, by End-use (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by End-use (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Technology (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by End-use (2017-2030)

Chapter 10.  Company Profiles

10.1.              Panasonic Corporation

10.1.1.  Company Overview

10.1.2.  Technology Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Keyence Corporation

10.2.1.  Company Overview

10.2.2.  Technology Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Rockwell Automation Inc

10.3.1.  Company Overview

10.3.2.  Technology Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Autonics Corporation

10.4.1.  Company Overview

10.4.2.  Technology Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Schneider Electric SE

10.5.1.  Company Overview

10.5.2.  Technology Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

Glossary of Terms

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