The Global Photoelectric Sensor Market is Expected to Grow at a CAGR of 7% by 2025

According to a new market report by Lucintel, the future of the global photoelectric sensor market looks promising with opportunities in the consumer electronics, industrial, automotive, food & beverage, and healthcare industries. The global photoelectric sensor market is expected to grow with a CAGR of 7% from 2020 to 2025. The major growth drivers for this market are the growing penetration of industrial internet of things (IIoT) in the industrial sector and increasing government initiatives.

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In this market, laser beam and standard beam are the major beam sources used in photoelectric sensor. Lucintel forecasts that the laser beam segment is expected to witness the highest growth over the forecast period because it allows measurement of distance and positions at a high resolution and considerably higher accuracy, especially in environments with dust and mist, where light gets scattered.

Within this market, the food & beverage industry is expected to witness the highest growth over the forecast period due to increasing adoption of automation.

The APAC region is expected to witness the highest growth over the forecast due to growth of the automation and manufacturing industries.                

Autonics Corporation, Balluff GmbH, Eaton Corporation Plc, IFM Electronic GmbH,  and Keyence Corporation are among the major manufacturers of the global photoelectric sensor market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global photoelectric sensor market by technology, beam source, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Photoelectric Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis”. This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global photoelectric sensor by technology, beam source, end use industry, and region as follows: 

By Technology [$M shipment analysis for 2014–2025]:

Through-Beam

Retro-Reflective

Reflective

 

By Beam Source [$M shipment analysis for 2014–2025]:

Laser Beam

Standard Beam

 

By End Use Industry [$M shipment analysis for 2014–2025]:

Automotive

Consumer Electronics

Industrial

Food & Beverages

Healthcare

Others

 

By Region [$M shipment analysis for 2014–2025]:

North America

United States

Canada

Mexico

 

Europe

Germany

UK

Italy

Asia Pacific

China

Japan

India

South Korea

Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.

 

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due Diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.