Photoelectric Sensors Market

Photoelectric Sensors Market by Technology (Through-beam, Retro-reflective, Reflective), Range, Structure, Beam Source (Laser Beam, Standard Beam), Application (Consumer Electronics, Industrial Manufacturing) and Geography - Global Forecast to 2024

Report Code: SE 7094 May, 2019, by marketsandmarkets.com

[145 Pages Report] The photoelectric sensors market is expected to grow from USD 1.4 billion in 2019 to USD 2.0 billion by 2024 at a CAGR of 7.0% during the forecast period. Major factors driving the market growth include rising adoption of industrial automation, increasing government initiatives, and growing need for production efficiency.

Photoelectric Sensors Market

Built-in amplifier accounts for largest market size during forecast period

Photoelectric sensors with built-in power supply structure held the largest market owing to the simplicity in the structure with all components located in a single housing. Sensors with this structure type are free from external wiring and thereby free from any possible noise. These sensors are large as all the components are integrated within but supposed to be an excellent choice for the ease of use with strong noise immunity. Inbuilt sensors usually cover a long range and are used for elevator cage detection, automobile detection in parking lots, and others. Further, these sensors ensure the ease of use and implementation.

By application, market for food & beverages to grow at highest CAGR during forecast period

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.

In beam source, market for laser is growing at fastest rate during forecast period.

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.

Photoelectric Sensors Market

APAC is expected to account for largest market size during forecast period

APAC is expected to experience lucrative growth opportunities in the next few years. China, South Korea, and India are among the leading countries in the photoelectric sensors market and are estimated to witness significant growth in the market in APAC during the forecast period. Applications such as consumer electronics, industrial, automobile, and textile contribute significantly to the growth of the market.

Key Market Players

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).

Omron (Japan) has been at the top position because of its extensive product offering for photoelectric sensors and strategically balanced financial growth. The company¡¯s strong market position characterized by its strong brand equity coupled with technical expertise and broad offerings in the photoelectric sensors market. Well-established market with large customer base imparts a significant competitive edge. The company¡¯s strategy to grow in the photoelectric sensor market revolves around capturing newer markets across different industries and expanding the capabilities to address the demand from emerging markets. The company plans to expand its production capability especially for photoelectric sensors to leverage its demand. For instance, in June 2018, Omron (Japan) announced the construction of second factory of OMRON (Shanghai) Co., Ltd. in the city of Shanghai, China, to ramp up the capacity of various types of control equipment and thereby meet the voracious demands for automation on factory floors in that country.

Keyence ranked second in the market. The company is one of the leading providers of photoelectric sensors. Along with better photoelectric sensing technologies, the company has been consistently focused making dedicated investments for improving sensing technologies. For instance, in November 2018, the company filed a patent for a photoelectric sensor of a reflection type that can be confirmed an operating state with a distal end portion of light propagation. The company plans to develop and enhance sales capabilities to sustain a long-term growth in the photoelectric sensors market considering the industrial growth in emerging economies.

Report Scope

Report Metric

Details

Market size available for years

2016¨C2024

Base year considered

2018

Forecast period

2019¨C2024

Forecast units

Value in terms of USD million

Segments covered

Technology, range, structure, output, beam source, application, and region

Regions covered

North America, Europe, APAC, and RoW

Companies covered

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) are a few major players in the photoelectric sensors market.

Photoelectric sensors market Segmentation:

In this report, the photoelectric sensors market has been segmented into the following categories:

On the basis of Technology, the photoelectric sensors market has been segmented as follows:

  • Through-beam
  • Retro-reflective
  • Reflective

On the basis of Range, the photoelectric sensors market has been segmented as follows:

  • ¡Ü100 mm
  • >100¨C1,000 mm
  • >1,000¨C10,000 mm
  • >10,000 mm

On the basis of Structure, the photoelectric sensors market has been segmented as follows:

  • Built-in Amplifier
  • Built-in Power Supplies
  • Separate Amplifier
  • Fiber Type

On the basis of Beam Source, the photoelectric sensors market has been segmented as follows:

  • Laser Beam
  • Standard Beam (LED, Infrared)

On the basis of Output, the photoelectric sensors market has been segmented as follows:

  • Digital
  • Analog

On the basis of Application, the photoelectric sensors market has been segmented as follows:

  • Consumer Electronics
  • Industrial and Manufacturing
  • Automotive
  • Building Automation
  • Food & Beverages
  • Pharmaceuticals & Medical
  • Packaging
  • Others

On the basis of Region, the photoelectric sensors market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Recent Developments

  • Omron (Japan) launched Color Mark Photoelectric Sensor E3S-DC Series (E3S-DC)" and "Color Fiber Amplifier Unit E3NX-CA Series (E3NX-CA)" targeting food and beverage makers faced with an increasing difficulty to detect color marks printed on diversified product packages.
  • Schneider Electric (France) partnered with Temasek (Singapore), an investment company, to reach an agreement to buy Larsen & Toubro¡¯s Electrical & Automation business and will combine it with its Low Voltage & Industrial Automation Products business.
  • Panasonic (Japan) collaborated with InvenSense (US,) a leading provider of MEMS sensor platforms, for the development of innovative sensor technology solutions. The collaboration helps drive the company advancements in its existing sensors portfolio

Critical questions the report answers:

  • Where will all these developments take the industry in the mid- to long-term?
  • What are the upcoming industries that are likely to adopt photoelectric sensors?
  • How are photoelectric sensors influencing the automation?
  • What are the trends prevalent in the photoelectric sensors market?
  • What are the key strategies adopted by leading companies in the market??

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
           2.1.3 Secondary and Primary Research
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing the Market Size By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 34)
    4.1 Photoelectric Sensors Market Opportunities
    4.2 Market, By Beam Source
    4.3 Market in APAC, By Application & Country
    4.4 Country-Wise Snapshot of the Photoelectric Sensors Market
    4.5 Market in APAC, By Country

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Adoption of Industrial Automation
                    5.2.1.2 Increasing Government Initiatives
                    5.2.1.3 Need for Increased Production Efficiency
           5.2.2 Restraints
                    5.2.2.1 Competent Alternative Technologies
           5.2.3 Opportunities
                    5.2.3.1 Digitization and Connected Industries
                    5.2.3.2 Growing Trend of Miniaturization for Sensor Technologies
           5.2.4 Challenges
                    5.2.4.1 Required High Maintenance
    5.3 Value Chain Analysis

6 Photoelectric Sensors Market, By Technology (Page No. - 43)
    6.1 Introduction
    6.2 Through-Beam
           6.2.1 Highest Accuracy and Maximum Sensing Range are the Key Characteristics for Through-Beam Sensors Adoption
    6.3 Retro-Reflective
           6.3.1 Being Most Optimum Solution With Respect to Price, Accuracy, Reliability, and Sensing Range, Retro-Reflective Sensors are Highly Adopted
    6.4 Reflective
           6.4.1 Reflective Sensors are Preferred for Short Range Sensing Applications With Space and Budget Constraints

7 Photoelectric Sensors Market, By Range (Page No. - 51)
    7.1 Introduction
    7.2 ≤100 mm
           7.2.1 Sensors With ≤100 mm Range are Used for Close Monitoring of Small Objects
    7.3 >100–1,000 mm
           7.3.1 Sensors With >100–1,000 mm Range are Being Adopted at the Highest Rate
    7.4 >1,000–10,000 mm
           7.4.1 Sensors With >1,000–10,000 mm Range to Hold the Largest Market for Retro-Reflective Sensing Technology
    7.5 >10,000 mm
           7.5.1 Sensors With >10,000 mm Range are Largely Offered By Through-Beam Sensing Technology for Long-Distance Applications

8 Photoelectric Sensors Market, By Structure (Page No. - 57)
    8.1 Introduction
    8.2 Built-In Amplifier
           8.2.1 Built-In Amplifier Photoelectric Sensors are Less Susceptible to Noise With No External Signal Transmission Connectivity
    8.3 Built-In Power Supply
           8.3.1 Convenience of Use Without Any External Connected Components Drive the Demand for Built-In Power Supply Photoelectric Sensors
    8.4 Separate Amplifier
           8.4.1 Factors Such as Compact Size and Remote Sensing Adjustments Drive the Market for Separate Amplifier Photoelectric Sensors
    8.5 Fiber Type
           8.5.1 Market for Fiber-Type Photoelectric Sensors is Expected to Grow at the Highest CAGR During the Forecast Period

9 Photoelectric Sensors Market, By Beam Source (Page No. - 64)
    9.1 Introduction
    9.2 Laser Beam Source
           9.2.1 Market for Laser Sensors is Expected to Grow at the Highest Rate
    9.3 Standard Beam Source
           9.3.1 Led
                    9.3.1.1 Leds are Mainly Adopted as A Beam Source for Photoelectric Sensors
           9.3.2 Infrared
                    9.3.2.1 High Efficiency of Infrared Sensors Drives Its Demand

10 Photoelectric Sensors Market, By Output (Page No. - 68)
     10.1 Introduction
     10.2 Digital
             10.2.1 Digital Output Sensors Held the Largest Share of the Market
     10.3 Analog
             10.3.1 Analog Output Sensors are Used for Analysing the Variation in the Measurement

11 Photoelectric Sensors Market, By Application (Page No. - 72)
     11.1 Introduction
     11.2 Consumer Electronics
             11.2.1 Ensuring the Process Efficiency and Precise Operations Drive the Consumer Electronics Photo Electronic Market
     11.3 Industrial Manufacturing
             11.3.1 Industrial Manufacturing Held the Largest Market of Photoelectric Sensors
     11.4 Automotive & Transportation
             11.4.1 Increasing Infrastructure Investments and Developments in Automotive & Transportation Drives the Adoption of Photoelectric Sensors
     11.5 Building Automation
             11.5.1 Smart City Initiatives and Adoption of Automation for Convenience and Safety Measure Drive the Building Automation Market
     11.6 Food & Beverages
             11.6.1 Photoelectric Sensors Market for Food & Beverages is Expected to Grow at the Highest Rate
     11.7 Pharmaceuticals & Medical
             11.7.1 Maintaining Safe, Consistent, and Efficient Manufacturing Processes Demands Photoelectric Sensors for Pharmaceuticals & Medical Applications
     11.8 Packaging
             11.8.1 Photoelectric Sensors are Being Adopted to Increase the Overall Capacity of Packaging Plant With Improved Correctness
     11.9 Others

12 Geographic Analysis (Page No. - 88)
     12.1 Introduction
     12.2 North America
             12.2.1 US
                        12.2.1.1 US Held the Largest Market of Photoelectric Sensors in North America
             12.2.2 Canada
                        12.2.2.1 Increasing Manufacturing Companies Across Various Industries Drive the Demand for Photoelectric Sensors in Canada
             12.2.3 Mexico
                        12.2.3.1 Market in Mexico is Expected to Grow at the Highest Rate During Forecast Period.
     12.3 Europe
             12.3.1 Germany
                        12.3.1.1 Increasing Adoption of Automation in Automotive Industry Drive the Demand for Photoelectric Sensors in Germany
             12.3.2 France
                        12.3.2.1 The Market in France is Expected to Grow at the Highest Rate in Europe
             12.3.3 Italy
                        12.3.3.1 Growing Industrialization in Italy Drive the Demand of Photoelectric Sensors
             12.3.4 UK
                        12.3.4.1 Growing Pharmaceutical, F&B, and Packaging Industries to Drive the Market in UK
             12.3.5 Rest of Europe
     12.4 APAC
             12.4.1 China
                        12.4.1.1 China Held the Largest Share of Photoelectric Sensors Market in APAC
             12.4.2 Japan
                        12.4.2.1 Being One of the Largest Manufacturers of Photoelectric Sensors, Japanese Market to Grow With Established Factory Automation and R&D Growth
             12.4.3 South Korea
                        12.4.3.1 Presence of Strong Consumer Electronics Manufacturing in South Korea Drive the Demand for Market
             12.4.4 India
                        12.4.4.1 Market in India to Grow at the Highest Rate in APAC
             12.4.5 Rest of APAC
     12.5 RoW
             12.5.1 South America
                        12.5.1.1 Market in South America to Grow With Growing Economy and Increasing Demand for Industrial Automation
             12.5.2 Middle East & Africa
                        12.5.2.1 Increasing Investments in Middle East & African Countries for Economic Developments to Drive the Market

13 Competitive Landscape (Page No. - 106)
     13.1 Overview
     13.2 Ranking Analysis
     13.3 Competitive Scenario
             13.3.1 Product Developments and Launches
             13.3.2 Partnerships, Agreements, and Collaborations
             13.3.3 Acquisitions
             13.3.4 Investments and Expansions
     13.4 Competitive Leadership Mapping
             13.4.1 Visionary Leaders
             13.4.2 Dynamic Differentiators
             13.4.3 Innovators
             13.4.4 Emerging Companies

14 Company Profiles (Page No. - 113)
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
     14.1 Key Companies
             14.1.1 Omron
             14.1.2 Keyence
             14.1.3 Sick
             14.1.4 Schneider Electric
             14.1.5 Panasonic
             14.1.6 Rockwell
             14.1.7 IFM
             14.1.8 Pepperl + Fuchs
             14.1.9 Balluff
             14.1.10 Banner Engineering
     14.2 Other Key Companies
             14.2.1 Sensopart Industriesensorik
             14.2.2 HTM Sensors
             14.2.3 Fargo Controls
             14.2.4 Leuze Electronic
             14.2.5 Wenglor Sensoric
             14.2.6 Autonics
             14.2.7 Bernstein
             14.2.8 Cntd Electric Technology

*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 139)
     15.1 Insights From Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Available Customizations
     15.5 Related Report
     15.6 Author Details


List of Tables (65 Tables)

Table 1 Photoelectric Sensors Market, By Technology, 2016–2024 (USD Billion)
Table 2 Market, By Technology, 2016–2024 (Million Units)
Table 3 Through-Beam Photoelectric Sensors Market, By Range, 2016–2024 (USD Million)
Table 4 Through-Beam Market, By Application, 2016–2024 (USD Million)
Table 5 Retro-Reflective Photoelectric Sensors Market, By Range, 2016–2024 (USD Million)
Table 6 Retro-Reflective Market, By Application, 2016–2024 (USD Million)
Table 7 Reflective Photoelectric Sensors Market, By Range, 2016–2024 (USD Million)
Table 8 Reflective Market, By Application, 2016–2024 (USD Million)
Table 9 Photoelectric Sensors Market, By Range, 2016–2024 (USD Million)
Table 10 Market for ≤ 100 mm Range, By Technology, 2016–2024 (USD Million)
Table 11 Market for ≤ 100 mm Range, By Structure, 2016–2024 (USD Million)
Table 12 Market for >100 mm-1,000 mm Range, By Technology, 2016–2024 (USD Million)
Table 13 Market for >100 mm-1,000 mm Range, By Structure, 2016–2024 (USD Million)
Table 14 Photoelectric Sensors Market for >1,000 mm-10,000 mm Range, By Technology, 2016–2024 (USD Million)
Table 15 Market for >1,000 mm-10,000 mm Range, By Structure, 2016–2024 (USD Million)
Table 16 Market for >10,000 mm Range, By Technology, 2016–2024 (USD Million)
Table 17 Market for >10,000 mm Range, By Structure, 2016–2024 (USD Million)
Table 18 Photoelectric Sensors Market, By Structure, 2016–2024 (USD Million)
Table 19 Market for Built-In Amplifier, By Range, 2016–2024 (USD Million)
Table 20 Market for Built-In Amplifier, By Output, 2016–2024 (USD Million)
Table 21 Market for Built-In Power Supply, By Range, 2016–2024 (USD Million)
Table 22 Market for Built-In Power Supply, By Output, 2016–2024 (USD Million)
Table 23 Market for Separate Amplifier, By Range, 2016–2024 (USD Million)
Table 24 Market for Separate Amplifier, By Output, 2016–2024 (USD Million)
Table 25 Market for Fiber Type, By Range, 2016–2024 (USD Million)
Table 26 Market for Fiber Type, By Output, 2016–2024 (USD Million)
Table 27 Market, By Beam Source , 2016–2024 (USD Million))
Table 28 Photoelectric Sensors Market for Standard Beam, By Beam Source , 2016–2024 (USD Million)
Table 29 Market, By Output, 2016–2024 (USD Million)
Table 30 Market for Digital Output, By Structure, 2016–2024 (USD Million)
Table 31 Market for Analog Output, By Structure, 2016–2024 (USD Million)
Table 32 Market, By Application, 2016–2024 (USD Million)
Table 33 Photoelectric Sensors Market for Consumer Electronics, By Technology, 2016–2024 (USD Million)
Table 34 Market for Consumer Electronics, By Region, 2016–2024 (USD Million)
Table 35 Market for Industrial Manufacturing, By Technology, 2016–2024 (USD Million)
Table 36 Market for Consumer Electronics, By Region, 2016–2024 (USD Million)
Table 37 Market for Automotive & Transportation, By Technology, 2016–2024 (USD Million)
Table 38 Market for Automotive & Transportation, By Region, 2016–2024 (USD Million)
Table 39 Market for Building Automation, By Technology, 2016–2024 (USD Million)
Table 40 Market for Building Automation, By Region, 2016–2024 (USD Million)
Table 41 Market for Food & Beverages, By Technology, 2016–2024 (USD Million)
Table 42 Market for Food & Beverages By Region, 2016–2024 (USD Million)
Table 43 Market for Pharmaceuticals & Medical, By Technology, 2016–2024 (USD Million)
Table 44 Market for Pharmaceuticals & Medical, By Region, 2016–2024 (USD Million)
Table 45 Photoelectric Sensors Market for Packaging, By Technology, 2016–2024 (USD Million)
Table 46 Market for Packaging, By Region, 2016–2024 (USD Million)
Table 47 Market for Others, By Technology, 2016–2024 (USD Million)
Table 48 Market for Others, By Region, 2016–2024 (USD Million)
Table 49 Photoelectric Sensors Market By Region, 2016–2024 (Million Units)
Table 50 Market, By Region, 2016–2024 (USD Million)
Table 51 Market in North America, By Application, 2016–2024 (USD Million)
Table 52 Market in North America, By Country, 2016–2024 (USD Million)
Table 53 Photoelectric Sensors Market in Europe, By Application, 2016–2024 (USD Million)
Table 54 Market in Europe, By Country, 2016–2024 (USD Million)
Table 55 Market in APAC, By Application, 2016–2024 (USD Million)
Table 56 Market in APAC, By Country, 2016–2024 (USD Million)
Table 57 Market in RoW, By Application, 2016–2024 (USD Million)
Table 58 Market in RoW, By Geography, 2016–2024 (USD Million)
Table 59 Market in South America, By Geography, 2016–2024 (USD Million)
Table 60 Market in Middle East & Africa, By Geography, 2016–2024 (USD Million)
Table 61 Ranking Analysis of Top 5 Players in Photoelectric Sensors Market
Table 62 Product Developments and Launches, 2016–2018
Table 63 Partnership, Agreement, and Collaborations, 2016-2018
Table 64 Acquisitions, 2016
Table 65 Investments and Expansions, 2016–2018


List of Figures (42 Figures)

Figure 1 Photoelectric Sensors Market Segmentation
Figure 2 Research Flow
Figure 3 Research Design
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Market for Retro-Reflective Type Expected to Account for the Largest Size During the Forecast Period
Figure 8 Market for Sensors With A Range of >100–1,000 mm Expected to Account for the Largest Size During the Forecast Period
Figure 9 Photoelectric Sensors Market for Fiber Type is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 10 Market for Industrial Manufacturing Expected to Account for the Largest Size During the Forecast Period
Figure 11 APAC Accounted for the Largest Share in the Market in 2018
Figure 12 Market to Provide Attractive Growth Opportunities During the Forecast Period
Figure 13 Laser Beam Photoelectric Sensors Market to Grow at the Highest CAGR During the Forecast Period
Figure 14 Industrial Automation Held the Largest Share of the Market in APAC in 2018
Figure 15 Photoelectric Sensors Market in India to Grow at the Highest CAGR During the Forecast Period
Figure 16 Market in China to Hold the Largest Share During the Forecast Period
Figure 17 Industrial Automation Driving Growth of Market
Figure 18 Industrial Installed Robots Volume, 2010–2017
Figure 19 Value Chain: Photoelectric Sensors Market, 2018
Figure 20 Market for Retro-Reflective to Be the Largest Market During Forecast Period
Figure 21 Retro-Reflective Photoelectric Sensors Market for Industrial Manufacturing to Be the Largest Market During Forecast Period
Figure 22 Market for >100 mm-1,000 mm Range of Sensors to Hold the Largest Market During Forecast Period
Figure 23 Market for Fiber Type is Expected to Grow at the Highest Rate During Forecast Period
Figure 24 Laser Beam Photoelectric Sensors Market to Grow at the Highest CAGR During the Forecast Period
Figure 25 Market for Sensors With Digital Output to Hold Largest Market During Forecast Period
Figure 26 Market for Industrial Manufacturing to Be the Largest Market During Forecast Period
Figure 27 Market for Industrial Manufacturing in APAC to Be the Largest Market During Forecast Period
Figure 28 Through-Beam Photoelectric Sensors Market for Building Automation to Grow at the Highest CAGR During Forecast Period
Figure 29 Market for Food & Beverages in APAC to Grow at the Highest CAGR During Forecast Period
Figure 30 Geographic Snapshot: India and China Emerging as Potential Markets for Photoelectric Sensors (2019–2024)
Figure 31 Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 32 North America: Snapshot of Market
Figure 33 Europe: Snapshot of Market
Figure 34 APAC: Snapshot of Market
Figure 35 Companies Adopted Product Developments and Launches as Key Growth Strategies Over the Last 4 Years (2015–2018)
Figure 36 Photoelectric Sensors Market (Global) Competitive Leadership Mapping, 2018
Figure 37 Omron: Company Snapshot
Figure 38 Keyence: Company Snapshot
Figure 39 Sick AG: Company Snapshot
Figure 40 Schneider Electric: Company Snapshot
Figure 41 Panasonic: Company Snapshot
Figure 42 Rockwell: Company Snapshot

The study involved 4 major activities to estimate the current size of the photoelectric sensors market. Exhaustive secondary research was done to collect information on the market, including the peer market and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources were referred to for the identification and collection of relevant information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research was conducted to obtain key information regarding the industry¡¯s supply chain, market¡¯s value chain, the total pool of key players, market segmentation according to industry trends (to the bottom-most level), geographic markets, and key developments from both, market- and technology-oriented perspectives. Secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary research.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information relevant to this report. Several primary interviews were conducted with market experts from both the demand (product and component manufacturer across industries) and supply sides (photoelectric sensors providing companies). This primary data was collected through questionnaires, emails, and telephonic interviews. Primary sources include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related executives from various key companies and organizations operating in the photoelectric sensors market. Approximately 30% and 70% of the primary interviews were conducted from the demand and supply sides, respectively.

Photoelectric Sensors Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches were implemented to estimate and validate the total size of the photoelectric sensors market. These methods were also used extensively to estimate the size of the markets based on various subsegments. The research methodology used to estimate the market size includes the following steps:

  • Key players in the industry were identified through extensive secondary research.
  • The industry¡¯s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size¡ªusing the market size estimation processes as explained above¡ªthe market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides across different end-use applications.

Study Objectives

  • To describe and forecast the photoelectric sensors market, in terms of value, by technology, range, structure, output, beam source, and application
  • To describe and forecast the market, in terms of volume, by technology
  • To describe and forecast the market, in terms of value, by region¡ªNorth Americas, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
  • To analyze the competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, new product developments, and research and development (R&D) in the market

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for this report:

  • Company Information: Detailed analysis and profiling of additional 5 market players
  • Country-level break-up for the market based on end-use application and offering
Report Code
SE 7094
Published ON
May, 2019
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