The photoelectric sensor market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

Increasing trend of automation in almost every industrial sphere such as food & beverage, packaging & logistics, pharmaceuticals, manufacturing, automotive, etc. has impelled the adoption of photoelectric sensor technology over the past few years. These sensors find important application in high-end automation equipment like material handling robots, pick & place robots, conveyors, packaging machinery, etc. in the packaging industry for timely processing of goods. These important product aspects will augment the growth of photoelectric sensor market commendably over the ensuing years.

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Numerous advantages associated with infrared technology is increasing its popularity across photoelectric sensor market. Infrared sensors provide longer sensing range, faster response time, improved lifecycle and high durability as compared to LEDs.

In addition, infrared technology-based sensors offer cost benefits over the laser beam sensors which is fostering the product adoption significantly which is positively influencing the growth of infrared segment. For the records, in 2020, the segment had held a sizeable share of over 35%.

Automotive & transportation segment across photoelectric sensor industry is projected to observe a robust CAGR of 7% through 2027. The growth can be attributed to the growing product demand in automotive companies to measure the rolling frequency for camshaft, motors, detect the glass plates for automotive and for vehicle coating.

The growth can also be ascribed to the increasing automotive production. According to the International Organization of Motor Vehicle Manufacturers, in 2020, China manufactured more than 27.8 million units of automobiles, which represents over 28% of worldwide production. The proliferation in automotive sector will fuel product adoption in the coming years.

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Regionally, Europe is touted to stand tall as a strong hub for photoelectric sensor market, thanks to the presence of prominent pharma companies like Novo Nordisk, Pfizer, Inc., and AstraZeneca, among others, in the region. These companies are focusing on mass production of novel drugs and vaccines. The companies are also inclined on increasing research & development activities which is instigating the deployment of photoelectric sensors, contributing to the business expansion. Reportedly, Europe market is projected to register an appreciable CAGR of 6% through 2027.

Major Key Points from Table of Content:

Chapter 5   Photoelectric Sensor Market, By Product (Revenue, Shipments)

5.1    Key trends, by product

5.2    Photoelectric fork sensor

5.2.1    Market estimates and forecast, 2016 - 2027

5.3    Photoelectric label sensor

5.3.1    Market estimates and forecast, 2016 - 2027

5.4    Photoelectric distance sensor

5.4.1    Market estimates and forecast, 2016 - 2027

5.5    Photoelectric color sensor

5.5.1    Market estimates and forecast, 2016 - 2027

5.6    Others

5.6.1    Market estimates and forecast, 2016 - 2027

Chapter 6   Photoelectric Sensor Market, By Type (Revenue, Shipments)

6.1    Key trends, by type

6.2    Retro reflective

6.2.1    Market estimates and forecast, 2016 - 2027

6.3    Through beam

6.3.1    Market estimates and forecast, 2016 - 2027

6.4    Diffuse

6.4.1    Market estimates and forecast, 2016 - 2027

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