The photoelectric sensor market
size is projected to reach USD 2.1 billion by 2025, at a CAGR of 7.8% from 2020
to 2025.
Extensive use of
photoelectric sensors in different industries increased the adoption of
retroreflective photoelectric sensors in various applications, and surged
adoption of industrial robots across several regions are among the factors
driving the growth of the photoelectric sensor market.
By type, retroreflective
segment held the largest market share.
In 2019, the
retroreflective segment held the largest share of the photoelectric sensor
market, and this trend is projected to prevail during the forecast period. The
growth of the retroreflective segment can be attributed to the rising use of
retroreflective photoelectric sensors in industrial manufacturing and pharmaceuticals
and medical applications. These sensors have simple wiring and optical axis
adjustment controls, which enable their unaffected operations irrespective of
the color or angle of the targeted objects. Retroreflective photoelectric
sensors are used in pharmaceuticals and medical applications to avoid the empty
packaging of tablets.
The 100 to 1,000 mm
range is projected to register the highest CAGR from 2020 to 2025
The 100 to 1,000 mm
range segment is projected to lead the photoelectric sensor market from 2020 to
2025. The growth of this segment can be attributed to the increased demand for
100 to 1,000 mm photoelectric sensors from various end-use industries. These
sensors can carry out long-range and short-range object detection, irrespective
of their materials such as glass, metal, plastic, wood, and liquid. The 100 to
1,000 mm range photoelectric sensors are compact and cost-effective.
Built-in amplifier
segment held the largest share of the photoelectric sensor market
The built-in amplifier
segment held the largest share of the photoelectric sensor market in 2019, and
this trend is expected to continue during the forecast period. The built-in
amplifier segment is projected to grow at a CAGR of 6.1% from 2020 to 2025. The
growth of this segment can be attributed to the extensive use of built-in
amplifier photoelectric sensors in ICs and wafer detection applications in the
semiconductor manufacturing process. Moreover, these sensors are used for the
reliable detection of long-range objects with less effect of curve and gloss on
their sensing capabilities. Built-in amplifier photoelectric sensors are used
in industrial manufacturing and automotive applications. The fiber type segment
of the market is projected to grow at the highest CAGR of 9.4% during the
forecast period. The growth of this segment can be attributed to the ability of
fiber type photoelectric sensors to detect small differences in the height of
objects. The use of fiber type photoelectric sensors is limited to narrow-space
applications.
The laser beam source is
projected to register a higher CAGR from 2020 to 2025
The laser beam source
segment of the market is projected to grow at a CAGR of 10.8% from 2020 to
2025. Laser beam source photoelectric sensors is a new trend in the market.
These sensors offer highly precise small laser spots for the detection of small
objects. Moreover, laser beam source photoelectric sensors are flexible to
mount and have reduced maintenance costs as they eliminate the requirement of
reflectors. Hence, laser beam photoelectric sensors are increasingly used in
plant management and security and surveillance applications.
Digital output segment
held a larger share of the photoelectric sensor market
The digital output
segment held a larger share of the photoelectric sensor market in 2019 than the
analog output segment. This trend is expected to prevail from 2020 to 2025. The
key applications of photoelectric sensors are object detection, which has led
to their increased adoption globally. Moreover, these sensors offer both design
and operational advantages over analog output photoelectric sensors. They offer
enhanced technical performance and improved safety margins, as well as have
reduced maintenance costs. Hence, the digital output segment of the
photoelectric sensor market is projected to grow at a higher CAGR than the
analog output segment during the forecast period.
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The food and beverages
segment of the market is projected to grow at the highest CAGR during the
forecast period
The food and beverages
segment of the market is projected to grow at the highest CAGR during the
forecast period. The growing focus of the food and beverages industry on
technologies and mechanical manipulation of raw foods to create high
value-added food products is fueling the demand for photoelectric sensors.
Moreover, automation brings standardization in all packaged food items and
beverages. It minimizes human interference, thereby eliminating the chances of
contamination of food and ensuring that all health standards are met.
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