Global Photoelectric Sensors Market 2017-2021

This industry research report identifies Banner, Baumer Group, OMRON, Pepperl+Fuchs, and SICK as the key vendors in the global photoelectric sensors market. A comprehensive analysis of this market is also presented by technology (reflective photoelectric sensors, diffuse photoelectric sensors, and through beam photoelectric sensors), by end-user (process industries and discrete industries), and by geography (the Americas, APAC, and EMEA).

Overview of the global photoelectric sensors market

Research analysis on the global photoelectric sensors market identifies that the rising awareness for maintaining the safety of industrial premises will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 8% by 2021. Photoelectric sensors are extensively used in industries to monitor the process of manufacturing and surveillance for security purposes. These sensors are equipped with in-built microprocessors which help in collecting and analysing data and also assist in sending signals to processes. They also keep track of changes in the situation in biological, chemical, physical, and radiational industries. These sensing technologies are used to ensure that the process does not face any critical situations. Conveyor belts, degradation of UV lamps, and detection of transparent mediums are some of the surveillance applications of photoelectric sensors.

In terms of geographic regions, the Americas will be the major revenue contributor to the photoelectric sensors market throughout the forecast period. The food and beverage, electronics and semiconductor, and oil and gas sectors are the major revenue contributor to the market in this region due to implementation of industrial automation. Moreover, the expansion of the automotive industry will also increase the demand for photoelectric sensors in the region.

Competitive landscape and key vendors  

The photoelectric sensors market has the presence of a large number of manufacturers, system integrators, and automation solution providers. Despite the need for a huge investment, the market will witness the emergence of new vendors during the next four years. North America is the ideal destination for the major vendors to make their brand stand out in the competition.

The leading vendors in the market are -

• Banner
• Baumer Group
• OMRON
• Pepperl+Fuchs
•  SICK

The other prominent vendors in the market are Balluff, Eaton, Fargo Controls, ifm, KEYENCE, Panasonic, Rockwell Automation, Schneider Electric, and Turck.

Segmentation by technology and analysis of the photoelectric sensors market

• Reflective photoelectric sensors
• Diffuse photoelectric sensors
• Through beam photoelectric sensors

During 2016, the reflective photoelectric sensors segment accounted for the major shares of the photoelectric sensors market. Factors such as the increased application areas and the presence of photoelectric sensors with an emitter and receiver in the same device, will contribute to the growth of this industry segment in the coming years.

Segmentation by end-user and analysis of the photoelectric sensors market

• Process industries
• Discrete industries

According to this market research report, the process industries will hold the maximum share of the photoelectric sensors market until 2021. The market share of this end-user segment is mainly attributed to the rising demand for safety measures in the industries such as food and beverages, oil and gas, power, and metal.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global photoelectric sensors market?
• What are the key market trends impacting the growth of the global photoelectric sensors market?
• What are the challenges to market growth?
• Who are the key vendors in the global photoelectric sensors market?
• What are the market opportunities and threats faced by the vendors in the global photoelectric 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 photoelectric sensors market?

Technavio also offers customization on reports based on specific client requirement.

An equipment used to determine the absence, distance, or presence of an object by using a light transmitter is known as a photoelectric sensor. Our market research reports for the industrial automation industry follow a thorough procedure of data collection methodology and present an analysis of fast growing market subdivisions like automation. This forthcoming market research report on the global photoelectric sensors market also offers insights into the major trends and evolving drivers inducing the growth of the automation industry.

This upcoming market research report on the global photoelectric sensors market also covers vendors like Banner Engineering, Baumer, Pepperl+Fuchs, SICK, and Omron. Additionally, to help the clients identify possible market opportunities and expand in niche markets, this report on the global photoelectric sensors market also covers geographies like the Americas, APAC, and EMEA.

The market research experts at Technavio consider the market forecast, market size, and increasing demand for various packaging products and services and offers a clear picture of the global photoelectric sensors market for the estimated period of 2017-2021. Additionally, our research practices help clients develop active growth strategies and keep pace with the repeatedly changing market landscape.

Our upcoming industry research report on the global photoelectric sensors market also categorizes the key drivers, major trends, as well as the constraints that the automation sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the forthcoming events within the industrial automation industry. Technavio also provides exclusive market assessments into the sectors such as robotics.

Our market research methodology for the photoelectric sensors market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.