Laser sensor is a new trend in the photoelectric sensors market. The sensor is increasingly being adopted for
critical applications. For instance, laser sensors are often used for small
part detection and precision measuring, which are quite difficult with normal
LED and infrared sensors. Laser beam allows measurement of distance and
positions at a high resolution and considerably higher accuracy especially in
the environments with dust and mist, where light gets scattered. This makes it
an ideal choice for use in plant management, security & surveillance, and
other purpose.
Who are the
leading vendors operating in this market?
Key players in the photoelectric sensors
market include Omron Corporation (Japan), Keyence Corporation (Japan),
Panasonic Corporation (Japan), Rockwell Automation, Inc. (US), Sick AG
(Germany), Schneider Electric (France), IFM Electronic FZC (Germany), Balluff
(Germany), Pepperl & Fuchs (Germany), and Banner Engineering (US). .
Why is
Retro-reflective the most adopted technology in this market?
Retro-reflective sensing is the most optimum
sensing technology when compared to through-beam and reflective, considering
parameters such as, sensing range, accuracy, reliability, and price. Unlike
through-beam sensors, retro-reflective sensors cost less and have comparable
sensing range and accuracy. Moreover, retro-reflective sensors offer simple
wiring (electric connection at only one junction) and optical axis adjustment,
which eventually saves a considerable labor cost. Also, particularly in
retro-reflective sensors, light passes through sensing objects twice, which makes
them very suitable for transparent objects detection.
What are the
upcoming industries that are likely to adopt photoelectric sensors?
Food & beverages is one of the few
industries which started the adoption of automation significantly across
various processes. Automation brings sophistication in processes by changing
the actions of equipment by programming and reprogramming. Food & beverages
is one of the few industries that have started the adoption of automation
significantly across various processes. According to the International
Federation of Robotics, demand for robotics in F&B is increasing
exponentially for last few years. There is high potential for automation in
F&B applications, especially cutting, positioning, and inspection. This industry
scenario expected to drive the photoelectric sensors market at a high rate in
F&B.
Where will
all these developments take the industry in the mid- to long-term?
The photoelectric sensors market is estimated
to grow from USD 1.4 billion in 2019 to USD 2.0 billion by 2024; it is expected
to grow at a CAGR of 7.0%. Major factors driving the market growth include
rising adoption of industrial automation, increasing government initiatives,
and growing need for production efficiency.
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