Photoelectric Sensor Market by 2027 – Growth Drivers & Geographic Analysis
The research report on photoelectric sensor market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the market.
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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The photoelectric distance sensor segment held around 20% of the industry share in 2020 and is projected to grow further owing to rising adoption of these sensors in the food & beverage industry. Photoelectric distance sensors are used for distance or proximity measurement and for impurity detection in high-speed rotary conveyors in the food & beverage sector. They are integrated above the automated assembly lines and offer high measurement accuracy and reliability. They also help obtain high-quality, zero-defect products in food processing units.
Infrared photoelectric sensors use infrared technology to offer benefits such as high durability, faster response time, longer lifecycle, and larger sensing range than LEDs. They also give more cost benefits when compared with laser beam sensors. The report indicates that the infrared photoelectric sensor segment accounted for above 35% share in 2020.
There is a growing demand for photoelectric sensors in the automotive sector, where they are used in applications such as for measuring of the rolling frequency for motors, camshaft, detecting glass plates for automotive, as well as vehicle coating. The automotive & transportation application category could register a 7% CAGR in the upcoming years.
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The Europe photoelectric sensor market is likely to record a CAGR of 6% over the forecast period owing to the presence of key pharmaceutical manufacturers such as AstraZeneca, Pfizer, Inc., and Novo Nordisk. These firms are focusing on the mass production of novel drugs and vaccines. They are also extensively conducting research & development activities in the field.
Major Key Points from Table of Content:
Chapter 6 Photoelectric Sensor Market, By Type (Revenue, Shipments)
6.1 Key trends, by type
6.2 Retro reflective
6.2.1 Photoelectric sensor 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
Chapter 7 Photoelectric Sensor Market, By Range (Revenue, Shipments)
7.1 Key trends, by range
7.2 < 100 mm
7.2.1 Market estimates and forecast, 2016 - 2027
7.3 101 mm - 1,000 mm
7.3.1 Market estimates and forecast, 2016 - 2027
7.4 1,001 mm to 10,000 mm
7.4.1 Market estimates and forecast, 2016 - 2027
7.5 >10,000 mm
7.5.1 Market estimates and forecast, 2016 - 2027
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