Enjoy complimentary customisation on priority with our Enterprise License!
The infographic below contains key findings from our analysis of the industrial optoelectronic sensors market
Want a bigger picture? Try a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Major end-users are extensively adopting automated and smart technologies to improve their productivity and provide impeccable quality. Key manufacturing nations are also automating their manufacturing units to improve the communication and coordination. Robotic factories in industrial sectors increase the flexibility of operations. Technavio’s market study identifies the increasing demand for smart sensors in smart factories to be one of the primary growth factors for the industrial optoelectronic sensors market. Industries are demanding for optical techniques due to their metrological and high sensing applications. The integration of fiber increases the suitability for telecommunication applications. Features such as high energy efficiency, small size and light weight, capability to resist certain chemicals, and easy communication interface, among others, drive the adoption of sensors. Our market analysts have estimated that the market will register a CAGR of almost 12% by 2022.
Integrated optical sensors (IOS) are similar to fiber optic sensors and operate efficiently over extended gauge lengths. Fiber optics are favorable as they determine remote measurements and sense properties such as temperature, pressure, and vibrations among others. Also, the lack of need for electricity drives their usefulness in remote monitoring. Additionally, IOS can be implemented as a multi-functional miniaturized circuit to fulfill the need of flexible fibers. Furthermore, IOS also overcomes the time-delay caused by fiber optic sensors.
The industrial optoelectronic sensors market is moderately fragmented owing to the presence of numerous international, regional, and local players. Manufacturers are offering innovative products due to the usage of these sensors for industry-specific purposes. Supported by the government initiatives in APAC and EU, the optical proximity sensor market is growing exponentially and the vendors are developing customized products with cutting-edge technology. Further, the entry of new entrants will intensify the competition in the optical proximity sensor market.
The leading vendors in the market are
The other contributing vendors in the market are Automation24, BRAUN, Baumer, CEDRAT TECHNOLOGIES, Eaton, First Sensor, FRABA, Gems Sensors & Controls, ifm, Integrated Device Technology, Jenoptik, maxon motor, Pepperl+Fuchs, and SCHOTT.
Get more value with Technavio’s INSIGHTS subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Try the demo
The oil and gas industry is the primary end-user of the industrial optoelectronic sensors market. With the support of significant investments, players are accepting digital oilfield revolution and adopting advanced technologies that support real-time intelligence and awareness. The adoption of optical sensors will boost the productivity and profitability of the optical proximity sensor market.
APAC will be the major revenue contributor to the optical proximity sensor market owing to the extensive adoption of optoelectronic sensors in industrial facilities. Due to rapid industrialization, APAC is setting up several new oil and gas plants to fulfill the increasing demand for power. These major end-users are utilizing digital platforms, which consequently, drives the demand for industrial optoelectronic sensors.
Want to dial in on a specific region or segment? We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY PRODUCT
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY END-USER
PART 10: REGIONAL LANDSCAPE
PART 11: DECISION FRAMEWORK
PART 12: DRIVERS AND CHALLENGES
PART 13: MARKET TRENDS
PART 14: VENDOR LANDSCAPE
PART 15: VENDOR ANALYSIS
PART 16: APPENDIX
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.