Photoelectric Sensors Market Analysis Report By Technology (Diffused, Retro-Reflective, Thru-Beam), By End Use (Automotive, Military & Aerospace, Electronics & Semiconductor, Packaging), And Segment Forecasts, 2018 - 2025

Published: Feb, 2018 | Pages: 87 | Publisher: Grand View Research
Industry: Electronics | Report Format: Electronic (PDF)

The global photoelectric sensors market size is expected to reach USD 2.09 billion by 2025, according to a new report by Grand View Research, Inc., registering a 6.1% CAGR during the forecast period. These sensors are widely used in packaging and manufacturing industries as they offer numerous advantages such as cost effectiveness, long sensing distances, fast response time, and high resolution. These high-efficiency products are expected to witness an increase demand also owing to benefits such as low maintenance, long operating life, and low power consumption.

Rising penetration of Industrial Internet of Things (IIoT) is further expected to enhance market growth. This growth is attributed to numerous benefits, including maximizing asset utilization, improving productivity, and enhancing work safety. These devices help in connecting machines and devices to enhance efficiency, productivity, and operation of industrial facilities.

The photoelectric sensors market is anticipated to witness a considerable demand over the forecast period, which stems from industries such as healthcare, oil and gas, and military and aerospace across developed and developing countries.

Increasing government regulations pertaining to fuel emissions, along with increasing use of photoelectric sensors in automotive applications such as failure diagnostics, throttle control, contactless positioning sensing, and precision position measurement for better control, are key factors spurring market growth.

The emergence of smart photoelectric sensors is expected to drive market growth over the forecast period. This may be ascribed to several benefits such as reduced down time, lower cost, adaptability for self-calibration and compensation, fewer interconnections between multiple sensors and control systems, lower weight, and higher reliability.

Further key findings from the report suggest:

• The photoelectric sensors market was valued at USD 1.24  billion in 2016 and is projected to expand at a CAGR exceeding 6.0% over the forecast period. This is largely attributed to rising penetration of IIoT in industrial facilities

• By technology, the retro-reflective segment captured a major market share in 2016. The segment is also expected to grow at the highest rate over the forecast period owing to its capability to offer sturdy construction, low maintenance, and efficient detection of shiny and transparent objects

• The packaging industry as an end-use segment is expected to grow at the highest rate over the forecast period as these products are broadly adopted to detect transparent bottles, control conveyor positioning, and monitor product presence

• The Asia Pacific region is projected to witness substantial growth, exhibiting a CAGR exceeding 6.0% over the forecast period. This is owing to rising industrial automation and increasing government regulations in the developing economies of China, India, and Japan

• Key players such as Panasonic Corporation; Keyence Corporation; Rockwell Automation Inc.; Autonics Corporation; and Schneider Electric SE dominated the market in 2016, with a focus on increasing market presence through mergers and acquisitions.

 Table of Contents

Chapter 1. Methodology and Scope
                   1.1. Research Process
                   1.2. Research Methodology
                   1.3. Geographic Scope
                   1.4. Research Scope & Assumptions
                   1.5. List of Data Sources

Chapter 2. Executive Summary
                   2.1. Photoelectric Sensors Regional Marketplace: Key Takeaways

Chapter 3. Photoelectric Sensors Industry Outlook
                   3.1. Market Segmentation
                   3.2. Market Size and Growth Prospects, 2014 - 2025
                   3.3. Value Chain Analysis
                   3.4. Market Dynamics
                       3.4.1. Market driver analysis
                            3.4.1.1. Growing penetration of Industrial Internet of Things (IIoT) in the industrial sector 
                            3.4.1.2. Increasing adoption of photoelectric sensors in the military & aerospace sector 
                       3.4.2. Market restraint analysis
                            3.4.2.1. Inability to operate in harsh environments 
                       3.4.3. Market opportunity analysis
                            3.4.3.1. Emergence of smart photoelectric sensors 
                   3.5. Penetration and Growth Prospect Mapping
                   3.6. Industry Analysis - Porter's Analysis
                   3.7. PEST Analysis

Chapter 4. Photoelectric Sensors Market: Technology Outlook
                   4.1. Global Photoelectric Sensors Market by Technology, 2016 & 2025 (USD Million)
                   4.2. Diffused Photoelectric Sensors
                       4.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                       4.2.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                   4.3. Retro-Reflective Photoelectric Sensors
                       4.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                       4.3.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                   4.4. Thru-Beam Photoelectric Sensors
                       4.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                       4.4.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)

Chapter 5. Photoelectric Sensors Market: End-Use Outlook
                   5.1. Global Photoelectric Sensors Market by End-use, 2016 & 2025 (USD Million)
                   5.2. Automotive
                       5.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                       5.2.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                   5.3. Military & Aerospace
                       5.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                       5.3.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                   5.4. Electronics & Semiconductor
                       5.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                       5.4.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                   5.5. Packaging
                       5.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                       5.5.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)
                   5.6. Others
                       5.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million) 
                       5.6.2. Market estimates and forecasts by region, 2014 - 2025 (USD Million)

Chapter 6. Photoelectric Sensors Market: Regional Outlook
                   6.1. Global Photoelectric Sensors Market by Region, 2016 & 2025 (USD Million)
                   6.2. North America
                       6.2.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.2.2. Market estimates and forecasts by technology, 2014 - 2025 (USD Million)
                       6.2.3. Market estimates and forecasts by end-use, 2014 - 2025 (USD Million)
                       6.2.4. U.S.
                            6.2.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.2.4.2. Market estimates and forecasts by technology, 2014 - 2025 (USD Million)
                            6.2.4.3. Market estimates and forecasts by end-use, 2014 - 2025 (USD Million)
                       6.2.5. Canada
                            6.2.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.2.5.2. Market estimates and forecasts by technology, 2014 - 2025 (USD Million)
                            6.2.5.3. Market estimates and forecasts by end-use, 2014 - 2025 (USD Million)
                   6.3. Europe
                       6.3.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.3.2. Market estimates and forecasts by technology, 2014 - 2025 (USD Million)
                       6.3.3. Market estimates and forecasts by end-use, 2014 - 2025 (USD Million)
                       6.3.4. U.K.
                            6.3.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.3.4.2. Market estimates and forecasts by technology, 2014 - 2025 (USD Million)
                            6.3.4.3. Market estimates and forecasts by end-use, 2014 - 2025 (USD Million)
                       6.3.5. Germany
                            6.3.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.3.5.2. Market estimates and forecasts by technology, 2014 - 2025 (USD Million)
                            6.3.5.3. Market estimates and forecasts by end-use, 2014 - 2025 (USD Million)
                   6.4. Asia Pacific
                       6.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.4.2. Market estimates and forecasts by technology, 2014 - 2025 (USD Million)
                       6.4.3. Market estimates and forecasts by end-use, 2014 - 2025 (USD Million)
                       6.4.4. China
                            6.4.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.4.4.2. Market estimates and forecasts by technology, 2014 - 2025 (USD Million)
                            6.4.4.3. Market estimates and forecasts by end-use, 2014 - 2025 (USD Million)
                       6.4.5. India
                            6.4.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.4.5.2. Market estimates and forecasts by technology, 2014 - 2025 (USD Million)
                            6.4.5.3. Market estimates and forecasts by end-use, 2014 - 2025 (USD Million)
                       6.4.6. Japan
                            6.4.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.4.6.2. Market estimates and forecasts by technology, 2014 - 2025 (USD Million)
                            6.4.6.3. Market estimates and forecasts by end-use, 2014 - 2025 (USD Million)
                   6.5. Central & South America
                       6.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.5.2. Market estimates and forecasts by technology, 2014 - 2025 (USD Million)
                       6.5.3. Market estimates and forecasts by end-use, 2014 - 2025 (USD Million)
                       6.5.4. Brazil
                            6.5.4.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.5.4.2. Market estimates and forecasts by technology, 2014 - 2025 (USD Million)
                            6.5.4.3. Market estimates and forecasts by end-use, 2014 - 2025 (USD Million)
                       6.5.5. Mexico
                            6.5.5.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                            6.5.5.2. Market estimates and forecasts by technology, 2014 - 2025 (USD Million)
                            6.5.5.3. Market estimates and forecasts by end-use, 2014 - 2025 (USD Million)
                   6.6. Middle East & Africa
                       6.6.1. Market estimates and forecasts, 2014 - 2025 (USD Million)
                       6.6.2. Market estimates and forecasts by technology, 2014 - 2025 (USD Million)
                       6.6.3. Market estimates and forecasts by end-use, 2014 - 2025 (USD Million)

Chapter 7. Competitive Landscape
                   7.1. Autonics Corporation
                       7.1.1. Company overview
                       7.1.2. Financial performance
                       7.1.3. Product benchmarking
                       7.1.4. Recent developments
                   7.2. Balluff GmbH
                       7.2.1. Company overview
                       7.2.2. Financial performance
                       7.2.3. Product benchmarking
                       7.2.4. Recent developments
                   7.3. Eaton Corporation Plc
                       7.3.1. Company overview
                       7.3.2. Financial performance
                       7.3.3. Product benchmarking
                       7.3.4. Recent developments
                   7.4. IFM Electronic GmbH
                       7.4.1. Company overview
                       7.4.2. Financial performance
                       7.4.3. Product benchmarking
                       7.4.4. Recent developments
                   7.5. Keyence Corporation 
                       7.5.1. Company overview
                       7.5.2. Financial performance
                       7.5.3. Product benchmarking
                       7.5.4. Recent developments
                   7.6. OMRON Corporation
                       7.6.1. Company overview
                       7.6.2. Financial performance
                       7.6.3. Product benchmarking
                       7.6.4. Recent developments
                   7.7. Panasonic Corporation 
                       7.7.1. Company overview
                       7.7.2. Financial performance
                       7.7.3. Product benchmarking
                       7.7.4. Recent developments
                   7.8. Rockwell Automation Inc. 
                       7.8.1. Company overview
                       7.8.2. Financial performance
                       7.8.3. Product benchmarking
                       7.8.4. Recent developments
                   7.9. Schneider Electric SE
                       7.9.1. Company overview
                       7.9.2. Product benchmarking
                       7.9.3. Recent development
                   7.10. SICK AG 
                       7.10.1. Company overview
                       7.10.2. Financial performance
                       7.10.3. Product benchmarking
                       7.10.4. Recent development

List of Tables

TABLE 1 Global photoelectric sensors market, 2014 - 2025 (USD Million)
TABLE 2 Global photoelectric sensors market, by technology, 2014 - 2025 (USD Million)
TABLE 3 Global photoelectric sensors market, by end use, 2014 - 2025 (USD Million)
TABLE 4 Global photoelectric sensors market, by region, 2014 - 2025 (USD Million)
TABLE 5 Diffused photoelectric sensors market, 2014 - 2025 (USD Million)
TABLE 6 Diffused photoelectric sensors market by region, 2014 - 2025 (USD Million)
TABLE 7 Retro-reflective photoelectric sensors market, 2014 - 2025 (USD Million)
TABLE 8 Retro-reflective photoelectric sensors market by region, 2014 - 2025 (USD Million)
TABLE 9 Thru-beam photoelectric sensors market, 2014 - 2025 (USD Million)
TABLE 10 Thru-beam photoelectric sensors market by region, 2014 - 2025 (USD Million)
TABLE 11 Photoelectric sensors demand in automotive, 2014 - 2025 (USD Million)
TABLE 12 Photoelectric sensors demand in automotive, by region, 2014 - 2025 (USD Million)
TABLE 13 Photoelectric sensors demand in military & aerospace, 2014 - 2025 (USD Million)
TABLE 14 Photoelectric sensors demand in military & aerospace, by region, 2014 - 2025 (USD Million)
TABLE 15 Photoelectric sensors demand in electronics & semiconductor, 2014 - 2025 (USD Million)
TABLE 16 Photoelectric sensors demand in electronics & semiconductor, by region, 2014 - 2025 (USD Million)
TABLE 17 Photoelectric sensors demand in packaging, 2014 - 2025 (USD Million)
TABLE 18 Photoelectric sensors demand in packaging, by region, 2014 - 2025 (USD Million)
TABLE 19 Photoelectric sensors demand in others, 2014 - 2025 (USD Million)
TABLE 20 Photoelectric sensors demand in others, by region, 2014 - 2025 (USD Million)
TABLE 21 North America photoelectric sensors market by technology, 2014 - 2025 (USD Million)
TABLE 22 North America photoelectric sensors market by end use, 2014 - 2025 (USD Million)
TABLE 23 U.S. photoelectric sensors market by technology, 2014 - 2025 (USD Million)
TABLE 24 U.S. photoelectric sensors market by end use, 2014 - 2025 (USD Million)
TABLE 25 Canada photoelectric sensors market by technology, 2014 - 2025 (USD Million)
TABLE 26 Canada photoelectric sensors market by end use, 2014 - 2025 (USD Million)
TABLE 27 Europe photoelectric sensors market by technology, 2014 - 2025 (USD Million)
TABLE 28 Europe photoelectric sensors market by end use, 2014 - 2025 (USD Million)
TABLE 29 U.K. photoelectric sensors market by technology, 2014 - 2025 (USD Million)
TABLE 30 U.K. photoelectric sensors market by end use, 2014 - 2025 (USD Million)
TABLE 31 Germany photoelectric sensors market by technology, 2014 - 2025 (USD Million)
TABLE 32 Germany photoelectric sensors market by end use, 2014 - 2025 (USD Million)
TABLE 33 Asia Pacific photoelectric sensors market by technology, 2014 - 2025 (USD Million)
TABLE 34 Asia Pacific photoelectric sensors market by end use, 2014 - 2025 (USD Million)
TABLE 35 China photoelectric sensors market by technology, 2014 - 2025 (USD Million)
TABLE 36 China photoelectric sensors market by end use, 2014 - 2025 (USD Million)
TABLE 37 India photoelectric sensors market by technology, 2014 - 2025 (USD Million)
TABLE 38 India photoelectric sensors market by end use, 2014 - 2025 (USD Million)
TABLE 39 Japan photoelectric sensors market by technology, 2014 - 2025 (USD Million)
TABLE 40 Japan photoelectric sensors market by end use, 2014 - 2025 (USD Million)
TABLE 41 Central & South America photoelectric sensors market by technology, 2014 - 2025 (USD Million)
TABLE 42 Central & South America photoelectric sensors market by end use, 2014 - 2025 (USD Million)
TABLE 43 Brazil photoelectric sensors market by technology, 2014 - 2025 (USD Million)
TABLE 44 Brazil photoelectric sensors market by end use, 2014 - 2025 (USD Million)
TABLE 45 Mexico photoelectric sensors market by technology, 2014 - 2025 (USD Million)
TABLE 46 Mexico photoelectric sensors market by end use, 2014 - 2025 (USD Million)
TABLE 47 MEA photoelectric sensors market by technology, 2014 - 2025 (USD Million)
TABLE 48 MEA photoelectric sensors market by end use, 2014 - 2025 (USD Million)

List of Figures

FIG. 1 Research process
FIG. 2 Information procurement
FIG. 3 Photoelectric sensors regional marketplace: Key takeaways
FIG. 4 Photoelectric sensors - Market segmentation & scope
FIG. 5 Photoelectric sensors - Market size and growth prospects, 2014 - 2025 (USD Million)
FIG. 6 Photoelectric sensors - Value chain analysis
FIG. 7 Photoelectric sensors - Market dynamics
FIG. 8 Photoelectric sensors - Market driver relevance analysis (Current & future impact)
FIG. 9 IIoT - Market driver 
FIG. 10 Photoelectric sensors - Market restraint/challenge relevance analysis (Current & future impact)
FIG. 11 Photoelectric sensors - Market opportunity relevance analysis (Current & future impact)
FIG. 12 Photoelectric sensors - Penetration & growth prospect mapping
FIG. 13 Photoelectric sensors - Porter's analysis
FIG. 14 Photoelectric sensors - PEST analysis
FIG. 15 Global photoelectric sensors technology outlook, 2016 & 2025
FIG. 16 Global photoelectric sensors end use outlook, 2016 & 2025
FIG. 17 Global photoelectric sensors regional outlook, 2016 & 2025