Photoelectric Sensors Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Feb 2024 Pages: 160 SKU: IRTNTR77610

Photoelectric Sensors Market Forecast 2024-2028

The photoelectric sensors market size is forecast to increase by USD 819.45 million, at a CAGR of 7.64% between 2023 and 2028. The market growth analysis depends on several factors, such as the increasing adoption of Industry 4.0 practices and automation, the growing focus on building smart cities and infrastructure projects, and the rise in demand for photoelectric sensors owing to surging emphasis on energy efficiency and environmental sustainability. Our market report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.

The market in APAC is expanding rapidly because of increased industrialization and automation across a variety of sectors. The rising need for smart manufacturing, combined with severe industrial safety standards, is driving the deployment in APAC. Additionally, Autonics Corp. company offers photoelectric sensors such as the BUP series, BJX series, BRQ series, BJP series, BJR series, BTF series, BTS series, BJ series, BY series, BYD series, and more. Also, Balluff GmbH company offers photoelectric sensors such as Cam switches, Capacitive sensors, Condition Monitoring Sensors, Encoders, Flow sensors, Inclination sensors, Inductive sensors, and more.

Market Forecasting and Size

Market Forecast 2024-2028

To learn more about this report,  Request Free Sample

Market Dynamics

Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Driver- The increasing adoption of industry 4.0 practices and automation

Industry 4.0, which integrates digital technologies into manufacturing processes, has resulted in a paradigm shift toward smart and networked industrial systems. In this context, photoelectric sensors are critical in providing precise and efficient item detection in automated procedures. Further, photoelectric sensors use light-based technology to detect the presence, absence, and distance of objects, making them indispensable in automation. Furthermore, as enterprises adopt smart manufacturing processes, there is an increased demand for real-time data collection and precise control in automated systems. They enable such requirements by offering reliable and speedy object detection capabilities, which ensure the smooth running of automated machinery and systems.

Additionally, due to the growth of IIoT (Industrial Internet of Things) and advancements in electronics, photoelectric sensors are increasingly seen as a competent alternative in industrial automation, surpassing other technologies. As the global demand for seamless integration of automation technologies grows, the market is positioned for long-term growth during the forecast period, driven by its critical role in assuring precision and accuracy in Industry 4.0-driven automated processes.

Trends- Integration of light detection and ranging (LiDAR) technology

The light detection and ranging (LiDAR) improves standard by using laser beams to detect distances with high precision. This technology allows for the production of precise 3D maps of the surrounding environment, resulting in exceptional accuracy in detecting object shapes, sizes, and placements. In applications such as industrial automation, LiDAR-integrated photoelectric sensors improve object detection and localization, resulting in increased efficiency and safety. This trend is critical in the development of advanced driver-assistance systems (ADAS) and self-driving cars, where precise distance measuring is essential for accident avoidance and navigation.

Moreover, LiDAR technology can potentially be used in smart cities to enable intelligent traffic control, surveillance, and environmental monitoring through accurate object detection. Furthermore, in robotics and drones, LiDAR-equipped aids in obstacle avoidance and navigation in complicated situations. As industries demand more accuracy and dependability, the incorporation of LiDAR technology into photoelectric sensors coincides with the changing needs of industries, making this trend a significant driver of innovation and development in the market during the forecast period.

Challenge- Cost constraints associated with advanced technologies

The high cost of sophisticated technologies limits their widespread application in the market, particularly in price-sensitive businesses. Advanced sensors with cutting-edge features and capabilities typically have greater production and development expenses. This cost barrier has a direct influence on market penetration, especially in areas where cost concerns play an important role in decision-making. Budget restrictions may hinder the adoption in industries where cost efficiency is critical, such as manufacturing, shipping, and consumer electronics. 

Furthermore, the competitive landscape in price-sensitive industries may worsen, prompting manufacturers to consider cost-effective alternatives. To address this challenge, the market must prioritize cost-cutting R&D initiatives, as well as the exploration of innovative production techniques and collaborations to build more cost-efficient solutions. Furthermore, educating end-users about the long-term benefits and increased efficiency of sophisticated can help alleviate worries and encourage market acceptance. Owing to such factors, the market is expected to witness a hindrance in expansion during the forecast period.

Market Segmentation by Type, End-user, and Geography

Type Segment Analysis: 

The laser photoelectric sensors segment will account for a major share of the market's growth during the forecast period.? The demand for lasers is expected to increase significantly, establishing itself as a prominent type in the market. They are more precise and reliable than ordinary photoelectric sensors. Their use of laser technology produces a focused and constant beam, allowing for accurate detection and measurement across a wide range of applications. They are rapidly being used in industries such as manufacturing, automation, and robotics to perform tasks that require great precision and efficiency.

Customized Report as per your requirements!

The laser photoelectric sensors segment was valued at USD 759.63 million in 2018. Furthermore, in robotics, these sensors are crucial for navigation and obstacle avoidance, improving the overall performance and safety of robotic systems. Additionally, advances in laser technology are driving the growth of the segment, making these sensors more cost-effective and adaptable. As companies prioritize efficiency and precision in their operations, growth for the segment is likely to be significant, thereby driving the growth of the market during the forecast period.

End-user Segment Analysis:

Based on end-user, the market has been segmented into automotive, consumer electronics, building automation, and others. The automotive?segment will account for the largest share of this segment.?Photoelectric sensors serve an important role in improving automobile manufacturing processes and applications. These sensors are essential for automation, offering precise object detection, distance measurement, and position sensing in assembly lines and robotics applications. The growing emphasis on efficiency, automation, and safety in the automotive industry is driving demand. Furthermore, the integration of Industry 4.0 concepts in vehicle manufacturing, such as smart factories and networked production lines, is driving up demand. As automotive manufacturers strive to emphasize innovation and automation, the automotive end-user segment is expected to witness growth during the forecast period.

Regional Analysis

For more insights on the market share of various regions Download Sample PDF now!

APAC is estimated to contribute 45% to the growth by 2028. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. Automation technologies are being adopted by industries such as automotive, electronics, and manufacturing, which is driving the expansion of the market. Furthermore, the growing e-commerce sector and the requirement for efficient material handling drive up demand in logistics and storage. Notably,  advanced sensor technologies improve energy efficiency and sustainability by delivering real-time data on resource consumption, allowing for accurate monitoring and control. Thus, the market in APAC is expected to witness significant growth during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Banner Engineering Corp.: The company offers photoelectric sensors such as Q3X series laser contrest sensor, Q4X series rugged all purpose photoelectric sensor, Q5X Series High Power, Multi Purpose Photoelectric Sensor, Q5Z Series Photoelectric Laser Sensor, and more.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Baumer Holding AG, Broadcom Inc., Delta Electronics Inc., Eaton Corp. Plc, Hans Turck GmbH and Co. KG, ifm electronic gmbh, Keyence Corp., Leuze electronic Pvt. Ltd., OMRON Corp., Panasonic Holdings Corp., Pepperl and Fuchs SE, Rockwell Automation Inc., Schneider Electric SE, SICK AG, TMSS France, TRI TRONICS, and wenglor sensoric electronic devices GmbH 

Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook
    • Laser photoelectric sensor
    • Fiber photoelectric sensor
  • End-user Outlook 
    • Automotive
    • Consumer electronics
    • Building automation
    • Others
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview:

The photoelectric sensor market continues to thrive with advancements in industrial automation and nanotechnology. Reflective and retroreflective photoelectric sensors dominate, but alternative technologies like ultrasonic are emerging. Supply chain efficiency impacts prices and raw materials sourcing, influencing industrial automation. Diverse applications span industry verticals such as automotive, food and beverages, pharmaceuticals, and packaging in industrial manufacturing.

Enhanced accuracy and reduced time-to-market drive innovations like parking assistance systems and IIoT integration, improving asset utilization and worker safety. Adaptation to government policies fosters growth, especially in automotive production and processed food sectors, amid digitization efforts. As the manufacturing industry evolves, photoelectric sensors play a pivotal role in optimizing operations and ensuring efficiency.

Photoelectric Sensors Market Scope

Report Coverage

Details

Page number

160

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.64%

Market Growth 2024-2028

USD 819.45 million

Market structure

Fragmented

YoY growth 2023-2024(%)

7.44

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 45%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Autonics Corp., Balluff GmbH, Banner Engineering Corp., Baumer Holding AG, Broadcom Inc., Delta Electronics Inc., Eaton Corp. Plc, Hans Turck GmbH and Co. KG, ifm electronic gmbh, Keyence Corp., Leuze electronic Pvt. Ltd., OMRON Corp., Panasonic Holdings Corp., Pepperl and Fuchs SE, Rockwell Automation Inc., Schneider Electric SE, SICK AG, TMSS France, TRI TRONICS, and wenglor sensoric electronic devices GmbH

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request Sample PDF 

What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Market growth and forecasting across APAC, Europe, North America, Middle East and Africa, and South America
  • A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market  companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global photoelectric sensors market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global photoelectric sensors market 2018 - 2022 ($ million)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Laser photoelectric sensor - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Laser photoelectric sensor - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Laser photoelectric sensor - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Laser photoelectric sensor - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Laser photoelectric sensor - Year-over-year growth 2023-2028 (%)
    • 6.4 Fiber photoelectric sensor - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Fiber photoelectric sensor - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Fiber photoelectric sensor - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Fiber photoelectric sensor - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Fiber photoelectric sensor - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ million)
      • Exhibit 43: Data Table on Market opportunity by Type ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 46: Chart on Comparison by End-user
      • Exhibit 47: Data Table on Comparison by End-user
    • 7.3 Automotive - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Automotive - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
      • Exhibit 50: Chart on Automotive - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
    • 7.4 Consumer electronics - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Consumer electronics - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Consumer electronics - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Consumer electronics - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Consumer electronics - Year-over-year growth 2023-2028 (%)
    • 7.5 Building automation - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Building automation - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Building automation - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Building automation - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Building automation - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by End-user
      • Exhibit 64: Market opportunity by End-user ($ million)
      • Exhibit 65: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 North America - Market size and forecast 2023-2028
      • Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 UK - Market size and forecast 2023-2028
      • Exhibit 107: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Autonics Corp.
              • Exhibit 119: Autonics Corp. - Overview
              • Exhibit 120: Autonics Corp. - Product / Service
              • Exhibit 121: Autonics Corp. - Key offerings
            • 12.4 Balluff GmbH
              • Exhibit 122: Balluff GmbH - Overview
              • Exhibit 123: Balluff GmbH - Product / Service
              • Exhibit 124: Balluff GmbH - Key offerings
            • 12.5 Banner Engineering Corp.
              • Exhibit 125: Banner Engineering Corp. - Overview
              • Exhibit 126: Banner Engineering Corp. - Product / Service
              • Exhibit 127: Banner Engineering Corp. - Key offerings
            • 12.6 Baumer Holding AG
              • Exhibit 128: Baumer Holding AG - Overview
              • Exhibit 129: Baumer Holding AG - Product / Service
              • Exhibit 130: Baumer Holding AG - Key offerings
            • 12.7 Broadcom Inc.
              • Exhibit 131: Broadcom Inc. - Overview
              • Exhibit 132: Broadcom Inc. - Business segments
              • Exhibit 133: Broadcom Inc. - Key news
              • Exhibit 134: Broadcom Inc. - Key offerings
              • Exhibit 135: Broadcom Inc. - Segment focus
            • 12.8 Eaton Corp. Plc
              • Exhibit 136: Eaton Corp. Plc - Overview
              • Exhibit 137: Eaton Corp. Plc - Business segments
              • Exhibit 138: Eaton Corp. Plc - Key offerings
              • Exhibit 139: Eaton Corp. Plc - Segment focus
            • 12.9 ifm electronic gmbh
              • Exhibit 140: ifm electronic gmbh - Overview
              • Exhibit 141: ifm electronic gmbh - Product / Service
              • Exhibit 142: ifm electronic gmbh - Key offerings
            • 12.10 Keyence Corp.
              • Exhibit 143: Keyence Corp. - Overview
              • Exhibit 144: Keyence Corp. - Product / Service
              • Exhibit 145: Keyence Corp. - Key offerings
            • 12.11 OMRON Corp.
              • Exhibit 146: OMRON Corp. - Overview
              • Exhibit 147: OMRON Corp. - Business segments
              • Exhibit 148: OMRON Corp. - Key news
              • Exhibit 149: OMRON Corp. - Key offerings
              • Exhibit 150: OMRON Corp. - Segment focus
            • 12.12 Panasonic Holdings Corp.
              • Exhibit 151: Panasonic Holdings Corp. - Overview
              • Exhibit 152: Panasonic Holdings Corp. - Product / Service
              • Exhibit 153: Panasonic Holdings Corp. - Key news
              • Exhibit 154: Panasonic Holdings Corp. - Key offerings
            • 12.13 Pepperl and Fuchs SE
              • Exhibit 155: Pepperl and Fuchs SE - Overview
              • Exhibit 156: Pepperl and Fuchs SE - Product / Service
              • Exhibit 157: Pepperl and Fuchs SE - Key offerings
            • 12.14 Rockwell Automation Inc.
              • Exhibit 158: Rockwell Automation Inc. - Overview
              • Exhibit 159: Rockwell Automation Inc. - Business segments
              • Exhibit 160: Rockwell Automation Inc. - Key news
              • Exhibit 161: Rockwell Automation Inc. - Key offerings
              • Exhibit 162: Rockwell Automation Inc. - Segment focus
            • 12.15 Schneider Electric SE
              • Exhibit 163: Schneider Electric SE - Overview
              • Exhibit 164: Schneider Electric SE - Business segments
              • Exhibit 165: Schneider Electric SE - Key news
              • Exhibit 166: Schneider Electric SE - Key offerings
              • Exhibit 167: Schneider Electric SE - Segment focus
            • 12.16 SICK AG
              • Exhibit 168: SICK AG - Overview
              • Exhibit 169: SICK AG - Product / Service
              • Exhibit 170: SICK AG - Key offerings
            • 12.17 wenglor sensoric electronic devices GmbH
              • Exhibit 171: wenglor sensoric electronic devices GmbH - Overview
              • Exhibit 172: wenglor sensoric electronic devices GmbH - Product / Service
              • Exhibit 173: wenglor sensoric electronic devices GmbH - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 174: Inclusions checklist
                • Exhibit 175: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 176: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 177: Research methodology
                • Exhibit 178: Validation techniques employed for market sizing
                • Exhibit 179: Information sources
              • 13.5 List of abbreviations
                • Exhibit 180: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              photoelectric sensors market market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis