Photoelectric Sensors Global Market is Projected to Reach $2.6 Billion by 2030: Rising Demand in Packaging Applications Fuels Growth
Wednesday, June 21, 2023
DUBLIN, June 19, 2023 /PRNewswire/ -- The "Photoelectric Sensors: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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The global market for Photoelectric Sensors estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$2.6 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2022-2030.
Retroreflective, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$1.3 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Through-Beam segment is readjusted to a revised 6.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $347 Million, While China is Forecast to Grow at 7.6% CAGR
The Photoelectric Sensors market in the U.S. is estimated at US$347 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$551.4 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 5.6% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 5.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$286.2 Million by the year 2030.
Select Competitors (Total 53 Featured) -
-- Banner Engineering Corporation
-- CNTD Electric Technology Co., Ltd.
-- Fargo Controls Inc.
-- HTMSensors
-- Keyence Corporation
-- Leuze Electronic, Inc.
-- Omron Corporation
-- Panasonic Corporation
-- Pepperl+Fuchs SE
-- Rockwell Automation, Inc.
-- Schneider Electric SE
-- SensoPart Industriesensorik GmbH
-- Sick AG
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
-- Influencer Market Insights
-- World Market Trajectories
-- Impact of COVID-19: As 2020 Draws to a Close, It Has Been a Year of
Astounding Disruption
-- COVID-19 Leaves the World in Shambles & Industries and Markets Upended:
World Economic Growth Projections (Real GDP, Annual % Change) for 2019,
2020 & 2021
-- Industrial Activity Remains Subdued, Inducing Weakness into
Photoelectric Sensors Market
-- Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19
Worldwide as of August 2020
-- Global PMI Index Points for the Years 2018, 2019 & 2020
-- COVID-19 Pandemic Disrupts the Photoelectric Sensor Market
-- Photoelectric Sensors: An Introduction
-- Challenges faced in Detecting Dark Objects
-- Uses of Photoelectric Sensors
-- Photoelectric Sensor Types
-- Applications of Photoelectric Sensors
-- Global Photoelectric Sensors Market: Prospects & Outlook
-- Global Photoelectric Sensors Market by Region: Growth Rate (in %) for
2020
-- Global Photoelectric Sensors Market by End-Use: Growth Rate (in %) for
2020
-- Analysis by Type
-- World Photoelectric Sensors Market by Type (2020 & 2027): Percentage
Breakdown of Sales for Retroreflective, Through-Beam, and Reflective
-- World Photoelectric Sensors Market by Source (2020 & 2027): Percentage
Breakdown of Sales for Standard, and Laser
-- Analysis by Application
-- World Photoelectric Sensors Market by Application (2020 & 2027):
Percentage Breakdown of Sales for Industrial Manufacturing, Consumer
Electronics, Automotive & Transportation, Food & Beverage, Packaging,
and Other Applications
-- Regional Analysis
-- World Photoelectric Sensors Market by Region (2020 & 2027): Percentage
Breakdown of Sales for Developed and Developing Regions
-- World Photoelectric Sensors Market - Geographic Regions Ranked by CAGR
(Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East,
Africa, USA, Japan, Canada, and Europe
-- Competitive Scenario
-- Recent Market Activity
-- Select Innovations
-- Select Global Brands
-- Photoelectric Sensors - Global Key Competitors Percentage Market Share
in 2022 (E)
-- Competitive Market Presence - Strong/Active/Niche/Trivial for Players
Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
-- Industrial Manufacturing: Largest End-Use Sector
-- Industry 4.0 & Smart Factory to Steer Future Expansion
-- Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for
Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics,
Service Robotics, and Smart Machines for 2020
-- Automotive & Transportation: Fastest Growing Vertical
-- World Automobile Production in Million Units: 2008-2022
-- Sustained Opportunities in Consumer Electronics Sector
-- Global Consumer Electronics Market by Region (2020): Percentage
Breakdown of Revenues for North America, Europe, Asia-Pacific (Incl.
Japan), Middle East, and Latin America
-- Global Market for Smartphones in Billions: 2016-2021
-- Smartphone Penetration Rate as Share of Total Population: 2016-2021
-- Increased Importance in Food & Beverages Industry Augurs Well
-- Rising Demand in Packaging Applications
-- Building & Home Automation: Another Potential End-Use Domain
-- Fast Evolving Role of Industrial IoT to Steer Next Wave of Growth
-- Global Number of IoT Connected Devices (In Billion Units) for the Years
2016, 2018, 2020, 2022 & 2025
-- Global IoT Market (In US$ Billion) by Industry for the Years 2018 and
2022
-- Emphasis on Workplace Safety Bodes Well for Future Expansion
-- Breakdown of Annual Work Related Fatalities (In Thousand) by Region
-- Workplace Safety Index: Cost to Businesses in US$ Billion by Disabling
Workplace Injuries
-- Strong Smart City Investments to Fuel Large-Scale Adoption
-- Number of Smart Cities Worldwide by Geographic Region (2025)
-- Innovations & Advancements
-- Next-Generation Photoelectric Sensors Come to the Fore
-- Global Sensor Industry: A Complementary Overview
-- World Sensors Market by End-Use Segment (2020): Percentage Breakdown of
Dollar Sales for Automobile Applications, Process & Manufacturing
Industries, Machine Tools & General Machinery, HVAC & Building Control,
Office Automation & Communication, and Other Markets
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/x8sfww
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