Photoelectric Sensor Market

Photoelectric Sensor Market with COVID-19 Impact Analysis by Type (Through Beam, Retroreflective, Reflective), Range, Structure, Beam Source, Output, Application (Industrial Manufacturing, Food and Beverages) and Geography - Global Forecast to 2025

Report Code: SE 7094 Nov, 2020, by marketsandmarkets.com

[222 Pages Report] The photoelectric sensor market size is projected to reach USD 2.1 billion by 2025 from an estimated USD 1.5 billion in 2020, 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.

Photoelectric Sensor Market

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COVID-19 Impact on the Global Photoelectric Sensor Market

The outbreak and the spread of the COVID-19 impacted the photoelectric sensor market in 2019, resulting in a decline in photoelectric sensor shipments and the revenues generated from them. As a result, a dip was witnessed in the growth trend of the market during the first half of 2020. However, the latter half of the year is expected to witness normalization in the inventory levels and increased demand for photoelectric sensors owing to the stabilization in demand for these sensors from industrial manufacturing, consumer electronics, automotive and transportation, food and beverages, and packaging applications. The COVID-19 has also affected the production of photoelectric sensors as manufacturing facilities across the world have been temporarily shut down to curb the spread of the virus. The spread of the COVID-19 has significantly impacted the players operating in the photoelectric sensor value chain. Global lockdowns have also affected the production of photoelectric sensors, along with the GDP of countries and the per capita income of individuals across the world. The consequent reduction in the purchasing power of the masses has led to a decline in the y-o-y growth of the overall market.

Market Dynamics:

Driver: Extensive use of photoelectric sensors in different industries

Currently, the demand for sensors that offer precise output is continuously increasing from different industries. These sensors should be able to detect objects of different sizes and sense all kinds of materials. They should possess a long-sensing range, must be cost-effective, and have a long life. As manufacturers focus on increasing their production efficiency without hampering the quality of products, the demand for these photoelectric sensors is continuously increasing. A defect in the production process may lead to huge losses. This leads manufacturers to adopt photoelectric sensors in their production or assembly lines. For instance, photoelectric sensors are used for detecting the size of products, spotting faults in them, counting small objects, and checking misaligned caps on bottles in the food and beverages industry. In the printing and packaging industry, photoelectric sensors can detect colors by independently scanning red, green, and blue lights. They are used to monitor large areas with light grids. In the transportation industry, photoelectric sensors are used to evaluate the position and measure the distance of objects. In the logistics and materials handling industry, robotic pickers or trucks rely on photoelectric sensors for efficient and safe operations. Automatic doors and elevators also use these sensors to detect the presence of individuals or count them. The adoption of photoelectric sensors is increasing in the industrial sector owing to the growing focus of manufacturers on increasing their productivity and reducing their manual work to remain competitive in the global market.

Restraint: US-China trade war

The involvement of the US and China in a trade war may result in the regionalization of global trade. This trade war has already diminished the trade flows between both countries by spreading from tariffs to business restrictions on individual companies and accusations of currency manipulation. The continuation of this trade war has increased manufacturing uncertainty globally. It has also weakened the economic developments worldwide that have been reflected by the decline in foreign trade. The Manufacturing Purchasing Managers’ Index has weakened in the key markets, and export order levels have deteriorated. In addition, the spread of the COVID-19 not only has resulted in the loss of several lives but has also caused political and economic ramifications. The pandemic has led to global lockdowns that have resulted in slow production and overseas trade. This, in turn, has weakened the global economy.

Hence, the slowing overseas trade and the weakening global economy act as key roadblocks for the manufacturers of photoelectric sensors, thereby acting as a restraint for the growth of the market.

Opportunity: Increasing demand for photoelectric sensors for packaging applications from food and beverages industry

The food and beverages industry focuses on various parameters, including controlling the quality of products, tracking and tracing them, and ensuring their safety while carrying out their packaging. This leads to the increased demand for sensors to monitor crates on conveyor belts, carry out accurate position sensing of loaded carts, and ensure the maintenance of hygienic environments. The growing demand for packaging solutions from the food and beverages industry has led to an increase in its productivity, which, in turn, contributes to a rise in demand for smart sensors in manufacturing facilities. Sensors are used in the food and beverages industry to detect transport crates on conveyor belts, sense the exact position of loading carts, carry out level monitoring in storage containers, and ensure precise measurement of sliced blocks of food items. The key players in the photoelectric sensor ecosystem are focusing on strengthening their customer base in the food and beverages industry. For instance, SICK AG (Germany) and Omron Corporation (Japan) offer photoelectric sensors for the food and beverages industry that enable machine process control and ensure increased productivity.

Challenge: Unavailability of raw materials

The spread of the COVID-19 has stopped the operations of the entire manufacturing industry and has caused severe supply chain disruptions. Consequently, the problem of raw material shortage for photoelectric sensor manufacturing is expected to be aggravated further as the key raw material suppliers are based in China and Taiwan. Moreover, the pandemic has severely affected the global manufacturing sector owing to the supply chain disruptions. The trade war between the US and China has also adversely affected the imports and exports of raw materials, as well as has impacted the end users of photoelectric sensors that include different industries. The decline in the global production level has resulted in decreased demand for photoelectric sensors, thereby resulting in the lowered production volume of photoelectric sensors. Thus, the shortage of raw materials has increased their costs, which, in turn, has led to high manufacturing costs of photoelectric sensors.

Hence, shortage of raw materials, decrease in demand for end-use products, and disruptions in the supply chain act as challenges for the manufacturers of photoelectric sensors.

By type, retroreflective segment held the largest market share in 2019

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 in 2019

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 in 2019

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.

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.

Photoelectric Sensor Market  by Region

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APAC to lead photoelectric sensor market during the forecast period

APAC is projected to lead the photoelectric sensor market from 2020 to 2025. The growth of the market in this region can be attributed to surged demand for automation solutions from automotive and transportation, industrial manufacturing, food and beverages, and packaging applications that use photoelectric sensors. Moreover, the rising demand for nanotechnology has created significant opportunities for the growth photoelectric sensor market in APAC.

Key Market Players

Omron Corporation (Japan), Keyence Corporation (Japan), SICK AG (Germany), Schneider Electric (France), Rockwell Automation Inc. (US), ifm electronic GmbH (Germany), Pepperl+Fuchs (Germany), Balluff Inc. (Germany), Banner Engineering (US), and Panasonic Corporation (Japan) are some of the key players in the photoelectric sensor market.

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Scope of the Report

Report Metric

Detail

Market Size Availability for Years

2017–2025

Base Year

2019

Forecast Period

2020–2025

Forecast Units

Value (USD)

Segments Covered

By type, range, structure, beam source, output, application, and region

Geographies Covered

North America, Europe, APAC, and RoW

Companies Covered

Omron Corporation (Japan), Keyence Corporation (Japan), SICK AG (Germany), Schneider Electric (France), Rockwell Automation Inc. (US), ifm electronic GmbH (Germany), Pepperl+Fuchs (Germany), Balluff Inc. (Germany), Banner Engineering (US), and Panasonic Corporation (Japan) are among others.

This research report categorizes the photoelectric sensor market based on type, range, structure, beam source, output, application, and region

Based on type:

  • Through-Beam Photoelectric Sensors
  • Retroreflective Photoelectric Sensors
  • Reflective Photoelectric Sensors

Based on range:

  • ≤100 mm
  • 100 to 1,000 mm
  • 1,000 to 10,000 mm
  • >10,000 mm

Based on structure:

  • Built-In Amplifier
  • Built-In Power Supply
  • Separate Amplifier
  • Fiber Type

Based on beam source:

  • Laser Beam Source
  • Standard Beam Source
    • Infrared
    • LED

Based on output:

  • Digital
  • Analog

Based on application:

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

Based on region:

  • North America
  • Europe
  • APAC
  • RoW

Recent Developments

  • September 2020, Schneider Electric acquired the Electrical and Automation business of Larsen & Turbo (L&T). This acquisition is expected to enable Schneider Electric to strengthen its domain expertise and enhance its geographic reach.
  • January 2020, Schneider Electric partnered with AutoGrid. This partnership integrated the advanced distribution management system (ADMS) of Schneider with Flex of AutoGrid. With this development, Schneider Electric is expected to help in digitizing electric grids of the future.
  • In September 2019, Omron Corporation launched the E3AS series of reflective-type photoelectric sensors. These compact sensors are used for sensing applications up to a distance of 1,500 mm. Through this product launch, the company strengthened its product portfolio.
  • In November 2019, SICK AG launched miniature format flat-family photoelectric sensors, G2. These sensors are designed to integrate with small machinery and conveyors, as well as with the tight fits of robotic arms and grippers. This product launch is expected to help the company in establishing credibility in its customers and meeting their evolving requirements.
  • In May 2019, SICK AG launched its new automation-forward factory, Model 4.0, in Germany. This expansion enabled the company to focus on industrial automation to develop its products based on the demand of customers and reduce its inventory levels.
  • January 2019, SICK AG acquired a Chile-based joint venture, SICK SpA, a producer of sensors used in industrial automation. This acquisition enabled SICK AG to strengthen its position in South America.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
        FIGURE 1 PHOTOELECTRIC SENSOR MARKET SEGMENTATION
           1.3.1 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 MARKET STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA
        FIGURE 2 PHOTOELECTRIC SENSOR MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary sources
                    2.1.1.2 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 primaries
    2.2 FACTOR ANALYSIS
        FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 BOTTOM-UP (SUPPLY SIDE): REVENUES GENERATED BY COMPANIES FROM SALES OF PHOTOELECTRIC SENSORS
        FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 BOTTOM-UP (SUPPLY SIDE): ILLUSTRATIVE EXAMPLE OF COMPANY OPERATING IN PHOTOELECTRIC SENSOR MARKET
    2.3 MARKET SIZE ESTIMATION
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Approach for capturing market size using bottom-up analysis (demand side)
                            FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Approach for capturing market size using top-down analysis (supply side)
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 7 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 45)
  FIGURE 8 REFLECTIVE SEGMENT OF PHOTOELECTRIC SENSOR MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
  FIGURE 9 FIBER TYPE PHOTOELECTRIC SENSOR MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
  FIGURE 10 FOOD AND BEVERAGES SEGMENT OF PHOTOELECTRIC SENSOR MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
  FIGURE 11 APAC TO ACCOUNT FOR LARGEST SHARE OF PHOTOELECTRIC SENSOR MARKET IN 2025

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN PHOTOELECTRIC SENSOR MARKET
        FIGURE 12 INCREASING DEMAND FOR PHOTOELECTRIC SENSORS FROM INDUSTRIAL MANUFACTURING APPLICATIONS TO FUEL MARKET GROWTH IN COMING YEARS
    4.2 PHOTOELECTRIC SENSOR MARKET, BY TYPE
        FIGURE 13 RETROREFLECTIVE SEGMENT TO ACCOUNT FOR LARGEST SHARE OF PHOTOELECTRIC SENSOR MARKET IN 2025
    4.3 PHOTOELECTRIC SENSOR MARKET, BY GEOGRAPHY
        FIGURE 14 PHOTOELECTRIC SENSOR MARKET IN MEXICO TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
    4.4 PHOTOELECTRIC SENSOR MARKET, BY APPLICATION AND REGION
        FIGURE 15 INDUSTRIAL MANUFACTURING SEGMENT AND APAC TO ACCOUNT FOR LARGEST SHARES OF PHOTOELECTRIC SENSOR MARKET IN 2025

5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 16 SURGED ADOPTION OF INDUSTRIAL ROBOTS ACROSS SEVERAL REGIONS TO DRIVE GROWTH OF PHOTOELECTRIC SENSOR MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Extensive use of photoelectric sensors in different industries
                    5.2.1.2 Increased adoption of retroreflective photoelectric sensors in various applications
                    5.2.1.3 Surged adoption of industrial robots across several regions
                            FIGURE 17 NUMBER OF INDUSTRIAL ROBOTS INSTALLED IN DIFFERENT REGIONS FROM 2010 TO 2018
                            FIGURE 18 PROJECTED ANNUAL GLOBAL INSTALLATIONS OF ROBOTS FROM 2013 TO 2022
                            FIGURE 19 PHOTOELECTRIC SENSOR MARKET: DRIVERS AND THEIR IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 US-China trade war
                    5.2.2.2 Easy availability of competent alternative sensors
                            FIGURE 20 PHOTOELECTRIC SENSOR MARKET: RESTRAINTS AND THEIR IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing demand for photoelectric sensors for packaging applications from food and beverages industry
                    5.2.3.2 Ongoing digitization and emerging connected industries
                    5.2.3.3 Prevailing trend of miniaturized sensors
                            FIGURE 21 PHOTOELECTRIC SENSOR MARKET: OPPORTUNITIES AND THEIR IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Unavailability of raw materials
                    5.2.4.2 High maintenance costs of photoelectric sensors
                            FIGURE 22 PHOTOELECTRIC SENSOR MARKET: CHALLENGES AND THEIR IMPACT
    5.3 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PHOTOELECTRIC SENSOR MARKET
        FIGURE 23 REVENUE SHIFT IN PHOTOELECTRIC SENSOR MARKET
    5.4 PHOTOELECTRIC SENSOR ECOSYSTEM
        FIGURE 24 PHOTOELECTRIC SENSOR ECOSYSTEM
    5.5 ASP TREND ANALYSIS FOR PHOTOELECTRIC SENSORS
    5.6 VALUE CHAIN ANALYSIS
        FIGURE 25 PHOTOELECTRIC SENSOR VALUE CHAIN
    5.7 GOVERNMENT REGULATIONS AND STANDARDS RELATED TO PHOTOELECTRIC SENSORS
    5.8 TECHNOLOGIES USED IN PHOTOELECTRIC SENSORS
           5.8.1 KEY TECHNOLOGIES
                    5.8.1.1 CMOS technology
                    5.8.1.2 DuraBeam technology
                    5.8.1.3 Multi pixel technology (MPT)
    5.9 PATENT ANALYSIS
    5.10 USE CASES FOR PHOTOELECTRIC SENSORS
           5.10.1 USE OF PHOTOELECTRIC SENSORS OFFERED BY SICK AG WITH MACHINES OF HEYE INTERNATIONAL GMBH FOR GLASS BOTTLE COUNTING
           5.10.2 ADOPTION OF PHOTOELECTRIC SENSORS OF IFM ELECTRONIC GMBH FOR DETECTING POSITION OF STATORS

6 IMPACT OF COVID-19 ON PHOTOELECTRIC SENSOR MARKET (Page No. - 65)
  FIGURE 26 GLOBAL PROPAGATION OF COVID-19
  FIGURE 27 PRE-AND POST-COVID-19 SCENARIO OF PHOTOELECTRIC SENSOR MARKET
  FIGURE 28 PRE-AND POST-COVID-19 SCENARIO OF PHOTOELECTRIC SENSOR MARKET, BY APPLICATION
  FIGURE 29 PRE-AND POST-COVID-19 SCENARIO OF PHOTOELECTRIC SENSOR MARKET, BY REGION

7 PHOTOELECTRIC SENSOR MARKET, BY TYPE (Page No. - 68)
    7.1 INTRODUCTION
        FIGURE 30 PHOTOELECTRIC SENSOR MARKET, BY TYPE
        FIGURE 31 REFLECTIVE SEGMENT OF PHOTOELECTRIC SENSOR MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
        TABLE 1 PHOTOELECTRIC SENSOR MARKET, BY TYPE, 2017–2019 (USD MILLION)
        TABLE 2 PHOTOELECTRIC SENSOR MARKET, BY TYPE, 2020–2025 (USD MILLION)
        TABLE 3 PHOTOELECTRIC SENSOR MARKET, BY TYPE, 2017–2019 (MILLION UNITS)
        TABLE 4 PHOTOELECTRIC SENSOR MARKET, BY TYPE, 2020–2025 (MILLION UNITS)
    7.2 THROUGH-BEAM PHOTOELECTRIC SENSORS
           7.2.1 THROUGH-BEAM PHOTOELECTRIC SENSORS OFFER LONGEST AND MOST ACCURATE SENSING RANGE
                 TABLE 5 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2017–2019 (USD MILLION)
                 TABLE 6 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2020–2025 (USD MILLION)
                 TABLE 7 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 8 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                 FIGURE 32 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
                 TABLE 9 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 10 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 11 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 12 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 13 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR INDUSTRIAL MANUFACTURING, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 14 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR INDUSTRIAL MANUFACTURING, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 15 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 16 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 17 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR BUILDING AUTOMATION, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 18 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR BUILDING AUTOMATION, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 19 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR FOOD AND BEVERAGES, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 20 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR FOOD AND BEVERAGES, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 21 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR PHARMACEUTICALS AND MEDICAL, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 22 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR PHARMACEUTICALS AND MEDICAL, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 23 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR PACKAGING, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 24 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR PACKAGING, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 25 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 26 THROUGH-BEAM PHOTOELECTRIC SENSOR MARKET FOR OTHER APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
    7.3 RETROREFLECTIVE PHOTOELECTRIC SENSORS
           7.3.1 RETROREFLECTIVE PHOTOELECTRIC SENSORS WORK BEST FOR TRANSPARENT PRODUCTS
                 TABLE 27 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2017–2019 (USD MILLION)
                 TABLE 28 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2020–2025 (USD MILLION)
                 TABLE 29 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 30 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                 FIGURE 33 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
                 TABLE 31 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 32 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 33 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 34 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 35 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR INDUSTRIAL MANUFACTURING, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 36 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR INDUSTRIAL MANUFACTURING, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 37 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 38 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 39 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR BUILDING AUTOMATION, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 40 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR BUILDING AUTOMATION, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 41 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR FOOD AND BEVERAGES, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 42 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR FOOD AND BEVERAGES, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 43 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR PHARMACEUTICALS AND MEDICAL, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 44 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR PHARMACEUTICALS AND MEDICAL, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 45 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR PACKAGING, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 46 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR PACKAGING, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 47 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2019 (USD THOUSAND)
                 TABLE 48 RETROREFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR OTHER APPLICATIONS, BY REGION, 2020–2025 (USD THOUSAND)
    7.4 REFLECTIVE PHOTOELECTRIC SENSORS
           7.4.1 COST-EFFECTIVENESS AND EASE OF INSTALLATION OF REFLECTIVE PHOTOELECTRIC SENSORS LEAD TO THEIR INCREASED GLOBAL DEMAND
                 TABLE 49 REFLECTIVE PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2017–2019 (USD MILLION)
                 TABLE 50 REFLECTIVE PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2020–2025 (USD MILLION)
                 TABLE 51 REFLECTIVE PHOTOELECTRIC SENSOR MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 52 REFLECTIVE PHOTOELECTRIC SENSOR MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                 FIGURE 34 REFLECTIVE PHOTOELECTRIC SENSOR MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
                 TABLE 53 REFLECTIVE PHOTOELECTRIC SENSOR MARKET, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 54 REFLECTIVE PHOTOELECTRIC SENSOR MARKET, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 55 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 56 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 57 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR INDUSTRIAL MANUFACTURING, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 58 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR INDUSTRIAL MANUFACTURING, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 59 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 60 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 61 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR BUILDING AUTOMATION, BY REGION, 2017–2019 (USD THOUSAND)
                 TABLE 62 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR BUILDING AUTOMATION, BY REGION, 2020–2025 (USD THOUSAND)
                 TABLE 63 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR FOOD AND BEVERAGES, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 64 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR FOOD AND BEVERAGES, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 65 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR PHARMACEUTICALS AND MEDICAL, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 66 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR PHARMACEUTICALS AND MEDICAL, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 67 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR PACKAGING, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 68 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR PACKAGING, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 69 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 70 REFLECTIVE PHOTOELECTRIC SENSOR MARKET FOR OTHER APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)

8 PHOTOELECTRIC SENSOR MARKET, BY RANGE (Page No. - 98)
    8.1 INTRODUCTION
        FIGURE 35 PHOTOELECTRIC SENSOR MARKET, BY RANGE
        FIGURE 36 100 TO 1,000 MM RANGE SEGMENT OF PHOTOELECTRIC SENSOR MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
        TABLE 71 PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2017–2019 (USD MILLION)
        TABLE 72 PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2020–2025 (USD MILLION)
    8.2 ≤100 MM
           8.2.1 INCREASED DEMAND FOR ≤100 MM PHOTOELECTRIC SENSORS FOR CLOSE MONITORING OF SMALL OBJECTS
                 TABLE 73 ≤100 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY TYPE, 2017–2019 (USD MILLION)
                 TABLE 74 ≤100 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 75 ≤ 100 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE, 2017–2019 (USD MILLION)
                 TABLE 76 ≤ 100 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE, 2020–2025 (USD MILLION)
    8.3 100 TO 1,000 MM
           8.3.1 100 TO 1,000 MM SEGMENT HELD LARGEST SHARE OF PHOTOELECTRIC SENSOR MARKET IN 2019
                 TABLE 77 100 TO 1,000 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY TYPE, 2017–2019 (USD MILLION)
                 TABLE 78 100 TO 1,000 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 79 100 TO 1,000 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE, 2017–2019 (USD MILLION)
                 TABLE 80 100 TO 1,000 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE, 2020–2025 (USD MILLION)
    8.4 1,000 TO 10,000 MM
           8.4.1 SURGED ADOPTION OF 1,000 TO 10,000 MM RANGE PHOTOELECTRIC SENSORS IN FOOD AND BEVERAGES AND PACKAGING APPLICATIONS
                 TABLE 81 1,000 TO 10,000 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY TYPE, 2017–2019 (USD MILLION)
                 TABLE 82 1,000 TO 10,000 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 83 1,000 TO 10,000 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE, 2017–2019 (USD MILLION)
                 TABLE 84 1,000 TO 10,000 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE, 2020–2025 (USD MILLION)
    8.5 >10,000 MM
           8.5.1 INCREASED USE OF >10,000 MM RANGE PHOTOELECTRIC SENSORS IN TRANSPORTATION AND BUILDING AUTOMATION APPLICATIONS
                 TABLE 85 >10,000 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY TYPE, 2017–2019 (USD MILLION)
                 TABLE 86 >10,000 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY TYPE, 2020–2025 (USD MILLION)
                 TABLE 87 >10,000 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE, 2017–2019 (USD MILLION)
                 TABLE 88 >10,000 MM RANGE PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE, 2020–2025 (USD MILLION)

9 PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE (Page No. - 108)
    9.1 INTRODUCTION
        FIGURE 37 PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE
        FIGURE 38 FIBER TYPE SEGMENT OF PHOTOELECTRIC SENSOR MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
        TABLE 89 PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE, 2017–2019 (USD MILLION)
        TABLE 90 PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE, 2020–2025 (USD MILLION)
    9.2 BUILT-IN AMPLIFIER
           9.2.1 BUILT-IN AMPLIFIER SEGMENT HELD LARGEST SHARE OF PHOTOELECTRIC SENSOR MARKET IN 2019
                 TABLE 91 BUILT-IN AMPLIFIER PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2017–2019 (USD MILLION)
                 TABLE 92 BUILT-IN AMPLIFIER PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2020–2025 (USD MILLION)
                 TABLE 93 BUILT-IN AMPLIFIER PHOTOELECTRIC SENSOR MARKET, BY OUTPUT, 2017–2019 (USD MILLION)
                 TABLE 94 BUILT-IN AMPLIFIER PHOTOELECTRIC SENSOR MARKET, BY OUTPUT, 2020–2025 (USD MILLION)
    9.3 BUILT-IN POWER SUPPLY
           9.3.1 SURGED ADOPTION OF PHOTOELECTRIC SENSORS WITH BUILT-IN POWER SUPPLY IN NOISE-FREE APPLICATIONS AND COMPACT DEVICES
                 TABLE 95 BUILT-IN POWER SUPPLY PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2017–2019 (USD MILLION)
                 TABLE 96 BUILT-IN POWER SUPPLY PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2020–2025 (USD MILLION)
                 TABLE 97 BUILT-IN POWER SUPPLY PHOTOELECTRIC SENSOR MARKET, BY OUTPUT, 2017–2019 (USD MILLION)
                 TABLE 98 BUILT-IN POWER SUPPLY PHOTOELECTRIC SENSOR MARKET, BY OUTPUT, 2020–2025 (USD MILLION)
    9.4 SEPARATE AMPLIFIER
           9.4.1 INCREASED USE OF SEPARATE AMPLIFIER PHOTOELECTRIC SENSORS IN APPLICATIONS WITH SPACE CONSTRAINTS
                 TABLE 99 SEPARATE AMPLIFIER PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2017–2019 (USD MILLION)
                 TABLE 100 SEPARATE AMPLIFIER PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2020–2025 (USD MILLION)
                 TABLE 101 SEPARATE AMPLIFIER PHOTOELECTRIC SENSOR MARKET, BY OUTPUT, 2017–2019 (USD MILLION)
                 TABLE 102 SEPARATE AMPLIFIER PHOTOELECTRIC SENSOR MARKET, BY OUTPUT, 2020–2025 (USD MILLION)
    9.5 FIBER TYPE
           9.5.1 EXCELLENT RESISTANCE OFFERED BY FIBER TYPE PHOTOELECTRIC SENSORS TO HARSH ENVIRONMENTAL CONDITIONS
                 TABLE 103 FIBER TYPE PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2017–2019 (USD MILLION)
                 TABLE 104 FIBER TYPE PHOTOELECTRIC SENSOR MARKET, BY RANGE, 2020–2025 (USD MILLION)
                 TABLE 105 FIBER TYPE PHOTOELECTRIC SENSOR MARKET, BY OUTPUT, 2017–2019 (USD MILLION)
                 TABLE 106 FIBER TYPE PHOTOELECTRIC SENSOR MARKET, BY OUTPUT, 2020–2025 (USD MILLION)

10 PHOTOELECTRIC SENSOR MARKET, BY BEAM SOURCE (Page No. - 117)
     10.1 INTRODUCTION
          FIGURE 39 PHOTOELECTRIC SENSOR MARKET, BY BEAM SOURCE
          FIGURE 40 LASER BEAM SOURCE SEGMENT OF PHOTOELECTRIC SENSOR MARKET TO GROW AT HIGH CAGR FROM 2020 TO 2025
          TABLE 107 PHOTOELECTRIC SENSOR MARKET, BY BEAM SOURCE, 2017–2019 (USD MILLION))
          TABLE 108 PHOTOELECTRIC SENSOR MARKET, BY BEAM SOURCE, 2020–2025 (USD MILLION))
     10.2 LASER BEAM SOURCE
             10.2.1 INCREASED DEMAND FOR LONG-RANGE AND HIGHLY ACCURATE LASER BEAM SOURCE PHOTOELECTRIC SENSORS
     10.3 STANDARD BEAM SOURCE
          TABLE 109 STANDARD BEAM SOURCE PHOTOELECTRIC SENSOR MARKET, BY SUB-TYPE, 2017–2019 (USD MILLION)
          TABLE 110 STANDARD BEAM SOURCE PHOTOELECTRIC SENSOR MARKET, BY SUB-TYPE, 2020–2025 (USD MILLION)
             10.3.1 INFRARED
                        10.3.1.1 High efficiency of infrared sensors drive their global demand
             10.3.2 LED
                        10.3.2.1 LED segment held large share of standard beam source photoelectric sensor market in 2019

11 PHOTOELECTRIC SENSOR MARKET, BY OUTPUT (Page No. - 121)
     11.1 INTRODUCTION
          FIGURE 41 PHOTOELECTRIC SENSOR MARKET, BY OUTPUT
          FIGURE 42 DIGITAL OUTPUT SEGMENT OF PHOTOELECTRIC SENSOR MARKET PROJECTED TO GROW AT HIGH CAGR FROM 2020 TO 2025
          TABLE 111 PHOTOELECTRIC SENSOR MARKET, BY OUTPUT, 2017–2019 (USD MILLION)
          TABLE 112 PHOTOELECTRIC SENSOR MARKET, BY OUTPUT, 2020–2025 (USD MILLION)
     11.2 DIGITAL
             11.2.1 DIGITAL OUTPUT SEGMENT OF PHOTOELECTRIC SENSOR MARKET TO GROW AT HIGH CAGR FROM 2020 TO 2025
                    TABLE 113 DIGITAL OUTPUT PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE, 2017–2019 (USD MILLION)
                    TABLE 114 DIGITAL OUTPUT PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE, 2020–2025 (USD MILLION)
     11.3 ANALOG
             11.3.1 RISEN DEMAND FOR ANALOG OUTPUT PHOTOELECTRIC SENSORS TO ANALYZE VARIATIONS IN CURRENT MEASUREMENTS
                    TABLE 115 ANALOG OUTPUT PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE, 2017–2019 (USD MILLION)
                    TABLE 116 ANALOG OUTPUT PHOTOELECTRIC SENSOR MARKET, BY STRUCTURE, 2020–2025 (USD MILLION)

12 PHOTOELECTRIC SENSOR MARKET, BY APPLICATION (Page No. - 126)
     12.1 INTRODUCTION
          FIGURE 43 PHOTOELECTRIC SENSOR MARKET, BY APPLICATION
          FIGURE 44 PHOTOELECTRIC SENSOR MARKET, BY APPLICATION, 2020 & 2025 (USD MILLION)
          TABLE 117 PHOTOELECTRIC SENSOR MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
          TABLE 118 PHOTOELECTRIC SENSOR MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
     12.2 CONSUMER ELECTRONICS
             12.2.1 REPLACEMENT OF MECHANICAL BUTTONS AND SWITCHES IN CONSUMER ELECTRONICS WITH SLEEK AND ROBUST PHOTOELECTRIC SENSOR TOUCH INTERFACES
                    TABLE 119 PHOTOELECTRIC SENSOR MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2017–2019 (USD MILLION)
                    TABLE 120 PHOTOELECTRIC SENSOR MARKET FOR CONSUMER ELECTRONICS, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 121 PHOTOELECTRIC SENSOR MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 122 PHOTOELECTRIC SENSOR MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2020–2025 (USD MILLION)
     12.3 INDUSTRIAL MANUFACTURING
             12.3.1 INDUSTRIAL MANUFACTURING SEGMENT TO ACCOUNT FOR LARGEST SHARE OF PHOTOELECTRIC SENSOR MARKET IN 2025
                    TABLE 123 PHOTOELECTRIC SENSOR MARKET FOR INDUSTRIAL MANUFACTURING, BY TYPE, 2017–2019 (USD MILLION)
                    TABLE 124 PHOTOELECTRIC SENSOR MARKET FOR INDUSTRIAL MANUFACTURING, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 125 PHOTOELECTRIC SENSOR MARKET FOR INDUSTRIAL MANUFACTURING, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 126 PHOTOELECTRIC SENSOR MARKET FOR INDUSTRIAL MANUFACTURING, BY REGION, 2020–2025 (USD MILLION)
     12.4 AUTOMOTIVE AND TRANSPORTATION
             12.4.1 SURGED DEMAND FOR PHOTOELECTRIC SENSORS IN AUTOMOTIVE AND TRANSPORTATION APPLICATION TO ADHERE TO CHANGING GOVERNMENT NORMS AND STANDARDS
                    TABLE 127 PHOTOELECTRIC SENSOR MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY TYPE, 2017–2019 (USD MILLION)
                    TABLE 128 PHOTOELECTRIC SENSOR MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 129 PHOTOELECTRIC SENSOR MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 130 PHOTOELECTRIC SENSOR MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY REGION, 2020–2025 (USD MILLION)
     12.5 BUILDING AUTOMATION
             12.5.1 INCREASED NUMBER OF SMART CITY INITIATIVES AND ADOPTION OF PHOTOELECTRIC SENSORS IN BUILDING AUTOMATION SOLUTIONS
                    TABLE 131 PHOTOELECTRIC SENSOR MARKET FOR BUILDING AUTOMATION, BY TYPE, 2017–2019 (USD MILLION)
                    TABLE 132 PHOTOELECTRIC SENSOR MARKET FOR BUILDING AUTOMATION, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 133 PHOTOELECTRIC SENSOR MARKET FOR BUILDING AUTOMATION, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 134 PHOTOELECTRIC SENSOR MARKET FOR BUILDING AUTOMATION, BY REGION, 2020–2025 (USD MILLION)
     12.6 FOOD AND BEVERAGES
             12.6.1 FOOD AND BEVERAGES SEGMENT OF PHOTOELECTRIC SENSOR MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
                    TABLE 135 PHOTOELECTRIC SENSOR MARKET FOR FOOD AND BEVERAGES, BY TYPE, 2017–2019 (USD MILLION)
                    TABLE 136 PHOTOELECTRIC SENSOR MARKET FOR FOOD AND BEVERAGES, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 137 PHOTOELECTRIC SENSOR MARKET FOR FOOD AND BEVERAGES, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 138 PHOTOELECTRIC SENSOR MARKET FOR FOOD AND BEVERAGES, BY REGION, 2020–2025 (USD MILLION)
     12.7 PHARMACEUTICALS AND MEDICAL
             12.7.1 INCREASED ADOPTION OF PHOTOELECTRIC SENSORS IN PHARMACEUTICALS AND MEDICAL APPLICATIONS FOR ACCURATE LIQUID LEVEL DETECTION AND TABLET COUNTS
                    TABLE 139 PHOTOELECTRIC SENSOR MARKET FOR PHARMACEUTICALS AND MEDICAL, BY TYPE, 2017–2019 (USD MILLION)
                    TABLE 140 PHOTOELECTRIC SENSOR MARKET FOR PHARMACEUTICALS AND MEDICAL, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 141 PHOTOELECTRIC SENSOR MARKET FOR PHARMACEUTICALS AND MEDICAL, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 142 PHOTOELECTRIC SENSOR MARKET FOR PHARMACEUTICALS AND MEDICAL, BY REGION, 2020–2025 (USD MILLION)
     12.8 PACKAGING
             12.8.1 SURGED USE OF PHOTOELECTRIC SENSORS IN PACKAGING PLANTS TO TRACK TRANSPARENT PACKAGES AND COUNT PET BOTTLES
                    TABLE 143 PHOTOELECTRIC SENSOR MARKET FOR PACKAGING, BY TYPE, 2017–2019 (USD MILLION)
                    TABLE 144 PHOTOELECTRIC SENSOR MARKET FOR PACKAGING, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 145 PHOTOELECTRIC SENSOR MARKET FOR PACKAGING, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 146 PHOTOELECTRIC SENSOR MARKET FOR PACKAGING, BY REGION, 2020–2025 (USD MILLION)
     12.9 OTHERS
          TABLE 147 PHOTOELECTRIC SENSOR MARKET FOR OTHER APPLICATIONS, BY TYPE, 2017–2019 (USD MILLION)
          TABLE 148 PHOTOELECTRIC SENSOR MARKET FOR OTHER APPLICATIONS, BY TYPE, 2020–2025 (USD MILLION)
          TABLE 149 PHOTOELECTRIC SENSOR MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2019 (USD MILLION)
          TABLE 150 PHOTOELECTRIC SENSOR MARKET FOR OTHER APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)

13 GEOGRAPHIC ANALYSIS (Page No. - 143)
     13.1 INTRODUCTION
          FIGURE 45 PHOTOELECTRIC SENSOR MARKET, BY REGION
          FIGURE 46 PHOTOELECTRIC SENSOR MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
          TABLE 151 PHOTOELECTRIC SENSOR MARKET, BY REGION, 2017–2019 (USD MILLION)
          TABLE 152 PHOTOELECTRIC SENSOR MARKET, BY REGION, 2020–2025 (USD MILLION)
          TABLE 153 PHOTOELECTRIC SENSOR MARKET, BY REGION, 2017–2019 (MILLION UNITS)
          TABLE 154 PHOTOELECTRIC SENSOR MARKET, BY REGION, 2020–2025 (MILLION UNITS)
     13.2 NORTH AMERICA
          FIGURE 47 SNAPSHOT: PHOTOELECTRIC SENSOR MARKET IN NORTH AMERICA
          TABLE 155 PHOTOELECTRIC SENSOR MARKET IN NORTH AMERICA, BY TYPE, 2017–2019 (USD MILLION)
          TABLE 156 PHOTOELECTRIC SENSOR MARKET IN NORTH AMERICA, BY TYPE, 2020–2025 (USD MILLION)
          TABLE 157 PHOTOELECTRIC SENSOR MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2019 (USD MILLION)
          TABLE 158 PHOTOELECTRIC SENSOR MARKET IN NORTH AMERICA, BY APPLICATION, 2020–2025 (USD MILLION)
          TABLE 159 PHOTOELECTRIC SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
          TABLE 160 PHOTOELECTRIC SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
             13.2.1 US
                        13.2.1.1 Ongoing automation of industries to drive growth of photoelectric sensor market in US
             13.2.2 CANADA
                        13.2.2.1 Surging investments for advanced technologies to contribute to growth of photoelectric sensor market in Canada
             13.2.3 MEXICO
                        13.2.3.1 Increasing investments by manufacturing companies in Mexico under FTAs to spur growth of photoelectric sensor market
     13.3 EUROPE
          FIGURE 48 SNAPSHOT: PHOTOELECTRIC SENSOR MARKET IN EUROPE
          TABLE 161 PHOTOELECTRIC SENSOR MARKET IN EUROPE, BY TYPE, 2017–2019 (USD MILLION)
          TABLE 162 PHOTOELECTRIC SENSOR MARKET IN EUROPE, BY TYPE, 2020–2025 (USD MILLION)
          TABLE 163 PHOTOELECTRIC SENSOR MARKET IN EUROPE, BY APPLICATION, 2017–2019 (USD MILLION)
          TABLE 164 PHOTOELECTRIC SENSOR MARKET IN EUROPE, BY APPLICATION, 2020–2025 (USD MILLION)
          TABLE 165 PHOTOELECTRIC SENSOR MARKET IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
          TABLE 166 PHOTOELECTRIC SENSOR MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
             13.3.1 GERMANY
                        13.3.1.1 Flourishing automotive sector to create demand for photoelectric sensors in Germany
             13.3.2 UK
                        13.3.2.1 Growing construction industry to drive demand for photoelectric sensors in UK
             13.3.3 FRANCE
                        13.3.3.1 Surging adoption of robotics and computer-controlled machinery in manufacturing industry to contribute to market growth in France
             13.3.4 ITALY
                        13.3.4.1 Rising use of photoelectric sensors by small- and medium-sized enterprises in Italy
             13.3.5 REST OF EUROPE
     13.4 APAC
          FIGURE 49 SNAPSHOT: PHOTOELECTRIC SENSOR MARKET IN APAC
          TABLE 167 PHOTOELECTRIC SENSOR MARKET IN APAC, BY TYPE, 2017–2019 (USD MILLION)
          TABLE 168 PHOTOELECTRIC SENSOR MARKET IN APAC, BY TYPE, 2020–2025 (USD MILLION)
          TABLE 169 PHOTOELECTRIC SENSOR MARKET IN APAC, BY APPLICATION, 2017–2019 (USD MILLION)
          TABLE 170 PHOTOELECTRIC SENSOR MARKET IN APAC, BY APPLICATION, 2020–2025 (USD MILLION)
          TABLE 171 PHOTOELECTRIC SENSOR MARKET IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
          TABLE 172 PHOTOELECTRIC SENSOR MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
             13.4.1 CHINA
                        13.4.1.1 Increasing deployment of automation solutions in industries to fuel demand for photoelectric sensors in China
             13.4.2 JAPAN
                        13.4.2.1 Rising adoption of advanced technologies to drive growth of photoelectric sensor market in Japan
             13.4.3 SOUTH KOREA
                        13.4.3.1 Growing demand for photoelectric sensors for use in industrial robots in South Korea
             13.4.4 INDIA
                        13.4.4.1 Increasing FDIs to lead to expansion of manufacturing sector in India
             13.4.5 REST OF APAC
     13.5 ROW
          TABLE 173 PHOTOELECTRIC SENSOR MARKET IN ROW, BY TYPE, 2017–2019 (USD MILLION)
          TABLE 174 PHOTOELECTRIC SENSOR MARKET IN ROW, BY TYPE, 2020–2025 (USD MILLION)
          TABLE 175 PHOTOELECTRIC SENSOR MARKET IN ROW, BY APPLICATION, 2017–2019 (USD MILLION)
          TABLE 176 PHOTOELECTRIC SENSOR MARKET IN ROW, BY APPLICATION, 2020–2025 (USD MILLION)
          TABLE 177 PHOTOELECTRIC SENSOR MARKET IN ROW, BY REGION, 2017–2019 (USD MILLION)
          TABLE 178 PHOTOELECTRIC SENSOR MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
             13.5.1 SOUTH AMERICA
                        13.5.1.1 Increasing demand for industrial automation to spur growth of photoelectric sensor market in South America
                                 TABLE 179 PHOTOELECTRIC SENSOR MARKET IN SOUTH AMERICA, BY GEOGRAPHY, 2017–2019 (USD MILLION)
                                 TABLE 180 PHOTOELECTRIC SENSOR MARKET IN SOUTH AMERICA, BY GEOGRAPHY, 2020–2025 (USD MILLION)
             13.5.2 MIDDLE EAST AND AFRICA
                        13.5.2.1 Flourishing oil and gas sector to drive growth of photoelectric sensor market in Middle East and Africa
                                 TABLE 181 PHOTOELECTRIC SENSOR MARKET IN MIDDLE EAST AND AFRICA, BY REGION, 2017–2019 (USD MILLION)
                                 TABLE 182 PHOTOELECTRIC SENSOR MARKET IN MIDDLE EAST AND AFRICA, BY REGION, 2020–2025 (USD MILLION)

14 COMPETITIVE LANDSCAPE (Page No. - 165)
     14.1 INTRODUCTION
          FIGURE 50 COMPANIES ADOPTED PRODUCT LAUNCHES AND DEVELOPMENTS AS KEY GROWTH STRATEGIES FROM JUNE 2017 TO SEPTEMBER 2020
     14.2 MARKET RANKING ANALYSIS OF PLAYERS IN PHOTOELECTRIC SENSOR MARKET, 2019
          FIGURE 51 RANKING OF TOP 5 PLAYERS IN PHOTOELECTRIC SENSOR MARKET, 2019
     14.3 MARKET EVALUATION FRAMEWORK
          FIGURE 52 MARKET EVALUATION FRAMEWORK-INCREASED FOCUS OF KEY COMPANIES ON PRODUCT LAUNCHES AND DEVELOPMENTS FROM JUNE 2017 TO SEPTEMBER 2020
             14.3.1 PRODUCT LAUNCHES AND DEVELOPMENTS
                    TABLE 183 PRODUCT LAUNCHES AND DEVELOPMENTS, JUNE 2017–SEPTEMBER 2020
             14.3.2 EXPANSIONS, PARTNERSHIPS, ACQUISITIONS, AND JOINT VENTURES
                    TABLE 184 EXPANSIONS, PARTNERSHIPS, ACQUISITIONS, AND JOINT VENTURES, JUNE 2017–SEPTEMBER 2020
             14.3.3 AGREEMENTS AND COLLABORATIONS
                    TABLE 185 AGREEMENTS AND COLLABORATIONS, JUNE 2017–SEPTEMBER 2020
     14.4 REVENUE ANALYSIS OF TOP MARKET PLAYERS
          TABLE 186 REVENUE ANALYSIS OF TOP MARKET PLAYERS, 2015–2019 (USD BILLION)

15 COMPANY EVALUATION MATRIX (Page No. - 172)
     15.1 OVERVIEW
     15.2 COMPANY EVALUATION MATRIX DEFINITION AND METHODOLOGY
             15.2.1 MARKET SHARE/RANKING
                    FIGURE 53 OMRON CORPORATION LED PHOTOELECTRIC SENSOR MARKET IN 2019
             15.2.2 STAR
             15.2.3 PERVASIVE
             15.2.4 EMERGING LEADER
     15.3 COMPANY EVALUATION MATRIX (GLOBAL)
          FIGURE 54 PHOTOELECTRIC SENSOR MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2019
     15.4 SMALL AND MEDIUM-SIZED ENTERPRISES EVALUATION MATRIX
          FIGURE 55 PHOTOELECTRIC SENSOR MARKET (GLOBAL) SME EVALUATION MATRIX, 2019
     15.5 STRENGTH OF PRODUCT PORTFOLIO
          FIGURE 56 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN PHOTOELECTRIC SENSOR MARKET
     15.6 BUSINESS STRATEGY EXCELLENCE
          FIGURE 57 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN PHOTOELECTRIC SENSOR MARKET

16 COMPANY PROFILES (Page No. - 178)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     16.1 KEY PLAYERS
             16.1.1 OMRON CORPORATION
                    FIGURE 58 OMRON CORPORATION: COMPANY SNAPSHOT
             16.1.2 KEYENCE CORPORATION
                    FIGURE 59 KEYENCE CORPORATION: COMPANY SNAPSHOT
             16.1.3 SICK AG
                    FIGURE 60 SICK AG: COMPANY SNAPSHOT
             16.1.4 SCHNEIDER ELECTRIC
                    FIGURE 61 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
             16.1.5 ROCKWELL AUTOMATION INC.
                    FIGURE 62 ROCKWELL AUTOMATION INC.: COMPANY SNAPSHOT
             16.1.6 IFM ELECTRONIC GMBH
             16.1.7 PEPPERL+FUCHS
             16.1.8 BALLUFF INC.
             16.1.9 BANNER ENGINEERING
             16.1.10 PANASONIC CORPORATION
                     FIGURE 63 PANASONIC: COMPANY SNAPSHOT
     16.2 RIGHT TO WIN
     16.3 OTHER KEY PLAYERS
             16.3.1 SENSOPART INDUSTRIESENSORIK GMBH
             16.3.2 HTM SENSORS
             16.3.3 FARGO CONTROLS INC.
             16.3.4 EATON CORPORATION
             16.3.5 LEUZE ELECTRONIC GMBH + CO. KG
             16.3.6 WENGLOR SENSORIC
             16.3.7 AUTONICS CORPORATION
             16.3.8 BERNSTEIN AG
             16.3.9 CNTD ELECTRIC TECHNOLOGY CO. LTD.
             16.3.10 HANS TURCK GMBH & CO. KG.
             16.3.11 CARLO GAVAZZI HOLDING AG

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

17 APPENDIX (Page No. - 216)
     17.1 DISCUSSION GUIDE
     17.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     17.3 AVAILABLE CUSTOMIZATIONS
     17.4 RELATED REPORTS
     17.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the photoelectric sensor market. Exhaustive secondary research has been carried out to collect information on the market, the peer markets, and the parent market. Both top-down and bottom-up approaches have been employed to estimate the total market size. Market breakdown and data triangulation methods have also been used to estimate the market for segments and subsegments.

Secondary Research

The secondary sources referred to for this research study include various industry organizations such as the International Monetary Fund (US), the Bloomberg New Energy Finance (UK), the International Frequency Sensor Association (IFSA) (BE), the sInternational Organization of Motor Vehicle Manufacturers (OICA) (France); corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; IoT technologies journals and certified publications; articles by recognized authors; gold-standard and silver-standard websites; directories; and databases. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (industrial and automotive sectors) and supply-side (photoelectric sensor manufacturers) players across four major regions, namely, North America, Europe, Asia Pacific, and Rest of the World (Middle East and Africa, and South America). Approximately 70% and 30% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report. The breakdown of primary respondents is as follows:

Photoelectric Sensor Market  Size, and Share

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

Market Size Estimation

The bottom-up approach has been used to estimate and validate the total size of the photoelectric sensor market.

  • Identifying various types of photoelectric sensors
  • Analyzing the penetration of each type of sensor through secondary and primary research
  • Estimating the demand for photoelectric sensors based on different types, ranges, structures, beam sources, outputs, and applications through secondary and primary research
  • Conducting multiple discussion sessions with the key opinion leaders to understand the detailed working of photoelectric sensors and their implementation in multiple industries that are expected to help analyze the break-up of the scope of work carried out by each key company
  • Verifying and crosschecking the estimates at every level with the key opinion leaders, including chief executive officers (CEOs), directors, operation managers, and then finally with the MarketsandMarkets domain experts
  • Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases

Photoelectric Sensor Market  Size, and Share

The top-down approach has been used to estimate and validate the total size of the photoelectric sensor market.

  • Focusing on the top-line investments and expenditures being made in the ecosystem of the photoelectric sensor market; splitting the market based on type, range, structure, beam source, output, application, and region and listing the key developments
  • Identifying all leading players and end users in the photoelectric sensor market based on type, range, structure, beam source, output, and application, through secondary research and verifying them through a brief discussion with the industry experts
  • Analyzing revenues, product mix, and geographic presence of all identified players to estimate and arrive at percentage splits for all key segments
  • Discussing splits with the industry experts to validate the information and identify the key growth pockets across all segments
  • Breaking down the total market size based on verified splits and key growth pockets across all segments

Photoelectric Sensor Market  Size, and Share

Data Triangulation

After arriving at the overall size of the photoelectric sensor market from the estimation process explained above, the market has been split into several segments and subsegments. The data triangulation and market breakdown procedures have been employed (wherever applicable) to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both demand and supply sides. Moreover, the size of the photoelectric sensor market has been validated using both top-down and bottom-up approaches.

Report Objectives

  • To describe and forecast the photoelectric sensor market based on range, structure, beam source, output, and application, in terms of value
  • To describe and forecast the photoelectric sensor market based on type, in terms of value and volume
  • To describe and forecast the market for 4 key regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), in terms of value and volume
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the photoelectric sensor market
  • To describe the photoelectric sensor value chain briefly
  • To provide brief information about the use cases in the photoelectric sensor market
  • To describe the impact of the COVID-19 on the photoelectric sensor market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To strategically profile the key players and comprehensively analyze their position in the photoelectric sensor market in terms of their ranking and core competencies2, and provide a detailed overview of the competitive landscape
  • To analyze competitive developments such as product launches and developments, acquisitions, expansions, agreements, collaborations, partnerships, and joint ventures undertaken by players in the photoelectric sensor market

Available customizations:

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

  • Detailed analysis and profiling of additional market players based on various blocks of the photoelectric sensor value chain
COVID-19

Get in-depth analysis of the COVID-19 impact on the Photoelectric Sensor Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Photoelectric Sensor Market

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Nov, 2020
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