Global Industrial Optoelectronic Sensors Market 2018-2022

The infographic below contains key findings from our analysis of the industrial optoelectronic sensors market

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Overview of the global industrial optoelectronic sensors market

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.

Competitive landscape and key vendors

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

• ams
• BERNSTEIN
• Festo
• Leuze electronic
• Pilz

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.  

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Segmentation by end-user and analysis of the industrial optoelectronic sensors market

• Oil and gas industry
• Chemical and petrochemical industry
• Water and wastewater industry
• Power industry

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.

Geographical segmentation and analysis of the industrial optoelectronic sensors market

• Americas
• APAC
• EMEA

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.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global industrial optoelectronic sensors market?
• What are the key market trends impacting the growth of the global industrial optoelectronic sensors market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial optoelectronic sensors market?
• What are the market opportunities and threats faced by the vendors in the global industrial optoelectronic sensors market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial optoelectronic sensors market? 

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