Photoelectric Sensor Market to Grow at a CAGR of 7.7% to reach US$ 2,577.56 Million from 2020 to 2028
[Research Report] The photoelectric sensor market was valued at US$ 1,458.23 million in 2021 and is projected to reach US$ 2,577.56 million by 2028; it is expected to grow at a CAGR of 7.7% from 2021 to 2028.
Photoelectric sensors are gaining popularity due to their high reliability and long-range object detection capabilities, irrespective of the size, shape, color, material, and surface properties of objects. These sensors are designed to operate under harsh conditions; moreover, they are enabled with advanced technologies to ensure reliable suppression of undesirable reflections. These abilities makes them more versatile than many other sensor types and appropriate for industrial usage. For instance, retro reflective sensors with polarization filters detect the position of carriage of any shape and material, which is to be kept on and off the track of a rollercoaster. Further, photoelectric sensors are widely used in the military and aerospace industries owing to their high accuracy and reliable performance. They are used in cargo aircraft for smoke and fire detection. In addition, photoelectric sensors help airframe and engine manufacturers to monitor aerospace system parameters such as pressure, temperature, acceleration, optical position, and speed. Moreover, the defense industry is extensively using biological detection equipment for detecting the presence of chemical substances in environment and for assessing the risk of potential biological threats by detecting harmful biological materials, to safeguard both military and civilian populations. Thus, the accuracy and reliability of photoelectric sensor operations make them a preferred sensor type in harsh industrial conditions.
Impact of COVID-19 Pandemic on Photoelectric Sensor Market
According to the latest report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst-affected countries due to the COVID-19 outbreak. In 2020, the world economy suffered significant consequences, and the effects are expected to endure to some extent in coming years. The outbreak disrupted primary industries such as electronics, semiconductor, and manufacturing. A sharp decline in the growth of these industries is limiting the growth of the photoelectric sensor market. Factory shutdowns, travel and trade bans, and border lockdowns to combat and contain the infection have negatively impacted manufacturing, supply, and sales of various sensor products.
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Photoelectric Sensor Market: Strategic Insights
Market Size Value in US$ 1,458.23 Million in 2021 Market Size Value by US$ 2,577.56 Million by 2028 Growth rate CAGR of 7.7% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Photoelectric Sensor Market: Strategic Insights
| Market Size Value in | US$ 1,458.23 Million in 2021 |
| Market Size Value by | US$ 2,577.56 Million by 2028 |
| Growth rate | CAGR of 7.7% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Manufacturers of photoelectric sensors are focusing on lowering operating costs to stay competitive. However, they are expected to resume production activities during the post-lockdown phase. Government initiatives to boost economies and relaxations in the lockdowns are expected to fuel demand for photoelectric sensors during the forecast period. Demand for photoelectric sensors is likely to expand as new technologies become more widely adopted in the automotive and aerospace industries.
Photoelectric Sensor Market Insights
Rising Demand for Photoelectric Sensors in Pharmaceuticals Industry Drives Growth of Photoelectric Sensor Market
Pharmaceutical companies focus on improving their overall manufacturing operations by avoiding discrepancies such as empty packaging, which can be caused due to the unavailability of medicine tablets on the production line. The industry is increasingly deploying photoelectric sensors for tablet counting, bottle filling, and count verification (in clinical trials). These sensors are also being used in automated prescription fulfillment machines at retail pharmacies and hospitals. Further, advancements in photoelectric sensors in terms of their sensing range, which is improving their counting accuracy, along with maintaining a hygienic production environments by excluding human contacts while packaging of medicine are the benefits associated with photoelectric sensors. Also, photoelectric sensor provides a cost-effective solution, which is attained through automatic production line in the pharmaceutical industry. Hence,
the surge in the adoption of photoelectric sensors in pharmaceutical companies is mainly attributed to their abilities to enhance efficiencies, reduce industry’s operational costs, and facilitate real-time production monitoring. These sensors automate the upper and lower levels of liquid measurement in jar or tank. The use of strong corrosive chemicals (acidic or basic) is commonplace in pharmaceutical companies, and thus, the detection of liquid levels in storage tanks is an important task in these plants. Thus, increasing use of photoelectric sensors in the pharmaceuticals industry would drive the photoelectric sensor market growth in the coming years.
Technology-Based Market Insights
Based on technology, the photoelectric sensor market is segmented into diffused, retro-reflective, and thru-beam. In 2020, the retro-reflective segment accounted for the largest share in the market.
End-User Based Market Insights
Based on end-user, the photoelectric sensor market is segmented into automotive, military and aerospace, electronics and semiconductor, packaging, and others. In 2020, the automotive segment accounted for the largest market share.
The players operating in the photoelectric sensor market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In April 2020, Balluff Photoelectric Sensors provided condition monitoring data. The smart automation and monitoring systems (SAMS) portfolio includes solid photoelectric sensing, condition monitoring, and advanced IO-link technologies, all of which are meant to save downtime by making troubleshooting, changeover, and machine setup easier.
- In February 2020, Eaton Corp plc listed among world's most admired company in 2020 by Fortune magazine.
Photoelectric Sensor Market Report Scope
The global photoelectric sensor market has been segmented as mentioned below:
By Technology
- Diffused
- Retro-Reflective
- Thru-Beam
By End-User
- Automotive
- Military and Aerospace
- Electronics and Semiconductor
- Packaging
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Company Profiles
- Autonics Corporation
- Balluff GmbH
- Eaton Corporation plc
- Ifm Electronic GmbH
- Keyence Corporation
- OMRON Corporation
- Rockwell Automation, Inc.
- Panasonic Corporation
- SICK AG
- Schneider Electric SE
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Photoelectric Sensor Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Technology ; End-Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Korea, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The rising need for of sensors and technological developments to solve complex challenges is encouraging innovations in photoelectric sensors. The pulse ranging technology (PRT), which can calculate object’s distance by using the principal of direct light propagation time measurement method, can be valuable in commercial industrial applications. PRT sensors provide accurate and continuous distance data with digital or analog outputs. In addition, positioning PRT sensors on each side of the carton and measuring these distances would also provide dimensions of pallets or cartons, which can be used to calculate the volume of the pallet or carton. The technology is expected to further improve the efficiency and accuracy of line assembly by providing comprehensive details of materials in production or operational process.
The growth of the Photoelectric Sensor market is primarily attributed to the accuracy and reliability of photoelectric sensors. Photoelectric sensors are gaining popularity due to their high reliability and long-range object detection capabilities, irrespective of the size, shape, color, material, and surface properties of objects. These sensors are designed to operate under harsh conditions; moreover, they are enabled with advanced technologies to ensure reliable suppression of undesirable reflections. These abilities makes them more versatile than many other sensor types and appropriate for industrial usage.
Rising demand for photoelectric sensors in pharmaceuticals industry is providing noteworthy opportunities to the Photoelectric Sensor market players. Pharmaceutical companies focus on improving their overall manufacturing operations by avoiding discrepancies such as empty packaging, which can be caused due to the unavailability of medicine tablets on the production line. The industry is increasingly deploying photoelectric sensors for tablet counting, bottle filling, and count verification (in clinical trials). These sensors are also being used in automated prescription fulfillment machines at retail pharmacies and hospitals.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners 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 Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Global Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Photoelectric Sensor Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 9. Mexico: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 11. Europe: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe: Photoelectric Sensor Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 14. France: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 15. France: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 16. Germany: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 17. Germany: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 20. UK: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 21. UK: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 26. APAC: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 27. APAC: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 28. APAC: Photoelectric Sensor Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 29. China: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 30. China: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 31. Japan: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 32. Japan: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 33. India: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 34. India: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 35. South Korea: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 36. South Korea: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 37. Australia: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 38. Australia: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 39. Rest of APAC: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 40. Rest of APAC: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 41. MEA: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 42. MEA: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 43. MEA: Photoelectric Sensor Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 44. South Africa: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 45. South Africa: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 46. UAE: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 47. UAE: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 48. Saudi Arabia: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 49. Saudi Arabia: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 50. Rest of MEA: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 51. Rest of MEA: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 52. SAM: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 53. SAM: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 54. SAM: Photoelectric Sensor Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 55. Brazil: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 56. Brazil: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of SAM: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)
Table 58. Rest of SAM: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)
Table 59. List of Abbreviation
LIST OF FIGURES
Figure 1. Photoelectric Sensor Market Segmentation
Figure 2. Photoelectric Sensor Market Segmentation – By Geography
Figure 3. Global Photoelectric Sensor Market Overview
Figure 4. Photoelectric Sensor Market, by Technology
Figure 5. Photoelectric Sensor Market, by End-use
Figure 6. Photoelectric Sensor Market, By Geography
Figure 7. North America PEST Analysis
Figure 8. Europe PEST Analysis
Figure 9. APAC – PEST Analysis
Figure 10. MEA PEST Analysis
Figure 11. SAM PEST Analysis
Figure 12. Photoelectric Sensor Market- Ecosystem Analysis
Figure 13. Photoelectric Sensor Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Photoelectric Sensor Market
Figure 15. Global Photoelectric Sensor Market Revenue Forecast and Analysis (US$ Million)
Figure 16. Photoelectric Sensor Market, by technology (2020 and 2028)
Figure 17. Retro-reflective: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Thru-beam: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Diffused: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Photoelectric Sensor Market, by End-use (2020 and 2028)
Figure 21. Automotive: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Military and Aerospace: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Electronics and Semiconductor: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Packaging: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Others: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Global Photoelectric Sensor Market Revenue Share, By Region (2020 and 2028)
Figure 27. North America: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America: Photoelectric Sensor Market Revenue Share, by Technology (2020 and 2028)
Figure 29. North America: Photoelectric Sensor Market Revenue Share, by End-use (2020 and 2028)
Figure 30. North America: Photoelectric Sensor Market Revenue Share, by Key Country (2020 and 2028)
Figure 31. US: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Canada: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Mexico: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Europe: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe: Photoelectric Sensor Market Revenue Share, by Technology (2020 and 2028)
Figure 36. Europe: Photoelectric Sensor Market Revenue Share, by End-use (2020 and 2028)
Figure 37. Europe: Photoelectric Sensor Market Revenue Share, by Key Country (2020 and 2028)
Figure 38. France: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Germany: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Italy: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. UK: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Russia: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Rest of Europe: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. APAC: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. APAC: Photoelectric Sensor Market Revenue Share, by Technology (2020 and 2028)
Figure 46. APAC: Photoelectric Sensor Market Revenue Share, by End-use (2020 and 2028)
Figure 47. APAC: Photoelectric Sensor Market Revenue Share, by Key Country (2020 and 2028)
Figure 48. China: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Japan: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. India: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. South Korea: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Australia: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Rest of APAC: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. MEA: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. MEA: Photoelectric Sensor Market Revenue Share, by Technology (2020 and 2028)
Figure 56. MEA: Photoelectric Sensor Market Revenue Share, by End-use (2020 and 2028)
Figure 57. MEA: Photoelectric Sensor Market Revenue Share, by Key Country (2020 and 2028)
Figure 58. South Africa: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. UAE: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Saudi Arabia: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of MEA: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. SAM: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. SAM: Photoelectric Sensor Market Revenue Share, by Technology (2020 and 2028)
Figure 64. SAM: Photoelectric Sensor Market Revenue Share, by End-use (2020 and 2028)
Figure 65. SAM: Photoelectric Sensor Market Revenue Share, by Key Country (2020 and 2028)
Figure 66. Brazil: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Rest of SAM: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. Impact of COVID-19 Pandemic in North America Country Markets
Figure 69. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 70. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 71. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 72. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Photoelectric Sensor Market
- Autonics Corporation
- Balluff GmbH
- Eaton Corporation plc
- Ifm Electronic GmbH
- Keyence Corporation
- OMRON Corporation
- Rockwell Automation, Inc.
- Panasonic Corporation
- SICK AG
- Schneider Electric SE
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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