WorldWide Photoelectric Sensor Market, Industry / Sector Analysis Report, Regional Outlook & Competitive Market Share & Forecast, 2019 - 2025 (Includes Business Impact of COVID-19)

                                          
Photoelectric Sensor Market size will observe a lucrative growth in the coming years impelled by extensive use of these devices in the industrial sector, packaging, transportation, and food & beverage industries. The increasing automation across industries that involves innovative technologies and automated devices to control the processes has enhanced the production of manufacturing companies, fostering high growth in the photoelectric sensor market. These sensors are used to detect objects, distance, and surface conditions through various optical properties, which have consequently increased their usage in several industries. For instance, the use of these sensors in an automotive assembly plant helps to detect objects and their alignment. These sensors are also used for various industrial products such as to position cars in assembly line, control elevators, opening & closing of garage doors, automated sink faucets, etc. Owing to these applications, the growth in the photoelectric sensor market is propelling rapidly.
 

Another driving factor of the photoelectric sensor market is its advantage over other sensors. These sensors provide high reliability and long-range object detection for small parts, etc., irrespective of the shape, color, material, and surface property. The photoelectric sensor market is proliferated by advancements in the sensor technology, such as the ability to work under harsh conditions and reliable suppression of undesirable reflections, making them even more versatile and appropriate for industrial usage. These sensors have been used in the defense sector for surveillance and biological agent detection contributing significantly towards the market growth with increasing expenditure in the military sector across developed and developing nations.
 

One of the barriers impacting the photoelectric sensor market is the cost involved in the installation process. For instance, beam and retro-reflective sensors require both emitter and receiver at two separate places, which eventually increases the cost of the system. This also increases the complexity in the installation process. Maintenance of these sensors acts as another loophole in the market as over a course of time, the lens gets contaminated and replacing these lenses also add to the expense of systems.
 

The photoelectric sensor market is classified into retro-reflective, thrue beam and diffused, based on technology. These components based on retro-reflective technology enables the detection of transparent objects and offers cost savings due to reduced maintenance and installation costs. It provides a long sensing range and transmits a beam, which is reflected by the object and the output is generated by the receiver. Due to this capability, it is used in packaging and printing industries driving the photoelectric sensor market growth. The working principle of retroreflective involves a reflector, which is used to reflect light from the transmitter back to the receiver and the target is detected when it blocks the beam from the reflector.
 

The food & beverage industry is one of the sectors, which is expected to propel the photoelectric sensor market in the upcoming years. There are many challenges associated with the food & beverage environment including hygiene issues. Along with efficient processing, there is also a need for automated devices, which will help in avoiding contaminants, where sensors with high accuracy are required. Due to its features, such as background suppression, high-speed, and durability, it has a high demand in the industry. It also increases the efficiency of processes, such as the detection of unwanted items, prevention of bottlenecks, stoppage in bottle conveyance, leakage of bottles, etc., creating more demand for these components.
 

The photoelectric sensor market is witnessing a great demand in the packaging industry.  Packaging plays an important role in preserving & protecting products & materials from getting contaminated or mixed with other unwanted particles. These sensors are used to count bottles on high speed conveyor, detection of contents inside the carton, and detect missing labels on bottles.  The use of these sensors allows high-efficiency packaging operations by positioning the products on a conveyor, recognizing the shapes, and checking their qualities. In addition, the rapidly transforming automotive industry is further contributing towards the growth of the industry. These sensors enable several operations in vehicles including detection of objects and parking lots.
 

Europe photoelectric sensor market is expected to grow at a rapid rate during the forecast period due to the presence of market players, manufacturers, and high adoption of these sensors for industrial automation. With the growth of urbanization, the integration of the sensor technology is propelling the market. The Asia Pacific region is expected to witness tremendous growth over the forecast period due to growth in IoT investment. With the increasing use of automated systems in sectors such as commercial electronics, the market is expected to expand in this region.
 

Industry participants in the photoelectric sensor market are Schneider, Baumer Group, Omron, Pepperl Fusch, Panasonic, and Banner. Players in the market are investing heavily in R&D activities to advance existing technologies and provide customized products to the customers to remain competitive, augmenting the photoelectric sensor market growth. For instance, Omron developed a 3D- Li-DAR featuring long range detection to recognize distant obstacles. The industry is currently witnessing a trend of acquisition of small technology vendors by the major players owing to the demand for highly efficient products. Pepperl Fuchs acquired a leading supplier for cell phones, tablets, etc., to expand its immediate product line and to accelerate the rate of new developments in the future.