Photoelectric sensor market is expected to register high demand as a result of rising adoption in the logistics, pharmaceutical and packaging sector. High-end automation equipment including conveyors, material handling robots, and packaging machinery are in demand across these areas for enabling timely processing of goods. These automation equipment are mostly integrated with photoelectric sensors for monitoring and detection of products. The focus of major e-commerce companies like Flipkart, Amazon, and Walmart on the improvement of their supply chain, logistics, and transportation activities is anticipated to drive the demand for such equipment.

Photoelectric sensors having a >10,000 mm range are in high demand in various application fields such as flaw detection in large glass panels, pallet detection, and baggage handling in airports. This demand is attributed to several features of these sensors including precision monitoring, non-contact sensing, and color-related object detection. There are new technological advancements taking place in through beam photoelectric sensors. While high-end features of photoelectric fork sensors like contact-less interface, low-cost assembly, high-speed object detection, and easier installation are driving their adoption.

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With robust adoption, photoelectric sensor companies are working on new product development. For instance, in 2020, automation solutions provider, Omron Corporation released its new CMOS photoelectric sensor series designed to assist manufacturers to improve flexibility and reduce maintenance needs through stable detection. GMI., estimates that the photoelectric sensor market size may surpass USD 23.5 billion by 2027.

Let’s take a look at some of the top trends driving the adoption of photoelectric sensors.

• High usage of photelectric distance sensors

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.

• Multiple benefits of infrared-based photoelectric sensors

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.  

• Increasing application in the automotive & transportation sector

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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• Europe emerging as a promising business ground

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.

The COVID-19 pandemic have accelerated the production of vaccines lately. In 2021, The European Union (EU) signed its third contract with pharmaceutical majors BioNTech and Pfizer, for securing an additional 1.8 billion Covid-19 vaccine doses between late 2021 to 2023. Requirement for vaccines both locally and internationally may spark the demand for automated manufacturing equipment in the pharmaceutical sector, favoring photoelectric sensor market expansion.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Scope & definition

1.2    Methodology & forecast parameters

1.3    Data Sources

1.3.1    Secondary

1.3.2    Primary

Chapter 2   Executive Summary

2.1    Photoelectric sensor market 3600 synopsis, 2016 - 2027

2.1.1    Business trends

2.1.2    Regional trends

2.1.3    Product trends

2.1.4    Type trends

2.1.5    Range trends

2.1.6    Source trends

2.1.7    Application trends

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