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New study: Photoelectric sensors market forecast to 2022

The global photoelectric sensors market has maintained a long-term market leadership; however, recently new groups of sensors such as ultrasonic sensors as well as low-end vision sensors are competing with photoelectric sensors by functioning in similar application areas. While these sensors not only maintain a competitive edge by being price competitive, they also add value for end-users with more functionality.

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Photoelectric sensors are used to detect the shape, color, distance, absence or presence of a target. Photoelectric sensors are a type of position sensor that uses light emitting diodes as the light source.

The sensor comprises a receiver and a light transmitter. The sensor emits light through the transmitter to the target which is then reflected and the light beam is received by the photoelectric receiver, activating the sensor output.

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The market is primarily driven by increasing application of photoelectric sensors in food and beverage, construction and automotive industries.

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mplementation of smart photoelectric sensors in diverse application is identified as a major opportunity. These sensors have the in-built intelligence that improves the reliability and optimize the adjustments.

This in built intelligence is likely to offer easier and exact adjustment that optimizes photoelectric sensor’s reliability. Moreover, these smart sensors deliver superior self diagnostics and have the capability to interface with sensor networks.

The conventional photoelectric sensor faced problem in detection of transparent objects.

However, limited sensing capability is an incumbent restraint for the photoelectric sensors market. Even though industrial automation drives the market, the growth is directly linked to operating business cycles as it results in longer project lead times.

As the photoelectric sensors market matures, only those manufacturers are expected to benefit who differentiate their sensors either on price, or product features. Research and development investment is expected to be profitable considering the immense growth potential in the market.

Growing adoption of digital network technology that enables sensors usage via single cable is expected to be a beneficial and profitable trend in the field of these sensors. Even though high sensors deployment reduces the amount of cable usage, innovations in sensors applications field are expected to increase future demand for photoelectric sensors.

The photoelectric sensors market can be segmented on the basis of end-use industries into industrial automation and process industries. Materials handling and packaging are expected to emerge as key application areas.

Electronics & semiconductors, automotive, and food & beverage industries are also expected to generate considerable demand for these sensors.

Photoelectric sensors exist in numerous forms, such as fiber-optic, box type, and cylindrical type and, they can also be further segmented on the basis of variety of light sources, such as laser, infrared, and visible red.

The West European photoelectric sensors market is expected to grow at a stable rate. The market in Europe is foreseen to continue on a trajectory of high growth over the next seven years.

Technological innovations make it increasingly beneficial in flexible production processes, which would serve as a driving factor for growth. However, the recession in the Euro Zone is expected to hamper growth, thereby maintaining the revenues at a basic level.

Asia, on the other hand is expected to grow at a fast rate, although it might be challenged by local low cost rivals, where volume is a basic motive with lesser profit margins.

Major players in this market are Rockwell Automation Inc. (U.S),`Keyence Corporation (Japan), Avago Corporation (Singapore), Panasonic Corporation (Japan), Omron Corporation (Japan), Balluff Inc. (U.S), Schneider Electric SE (France), Baumer Group (Switzerland), Sick AG (Germany), Eaton Corporation PLC (Ireland), Autonics Corporation (South Korea), IFM Electronic Ltd. (Germany) among others.

Global Photoelectric Sensor Market: By Geography

North America

  • The U.S.
  • Others

Europe

  • The UK
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • Rest of Asia Pacific

Rest of the World

  • Middle East and Africa (MEA)
  • South America

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