Market Research Report
Photoelectric Sensors Market: By Technology (Retro-reflective, Diffuse & Through Beam); By Type (Proximity, Fiber optic and Others); By Application (Parking facilities, Elevators, Building Automation, Semiconductors & Others)-With Forecast 2019-2024
|Published by||IndustryARC||Product code||410654|
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|Photoelectric Sensors Market: By Technology (Retro-reflective, Diffuse & Through Beam); By Type (Proximity, Fiber optic and Others); By Application (Parking facilities, Elevators, Building Automation, Semiconductors & Others)-With Forecast 2019-2024|
|Published: December 15, 2018||Content info:||
Photoelectric sensors are sensors which are used to detect colour and distance of an object. These sensors are position sensor that uses light emitting diodes as the light source. The sensor works on the principle of light being emitted from the sensor onto an object, following which the light is reflected back onto the photoelectric sensor again. Based on the time it took for the light beam to hit the object and be reflected back, the sensor is able to estimate the distance the object is away from it. Photoelectric sensors are increasingly being used across a number of industries some of which include the construction and automotive industries.
Photoelectric sensors are increasingly being used in the industrial sector where they are used for detecting position misalignments. The sensors are placed at predetermined locations through which the placement of a product can be measured and see if it has been placed properly or not. Based on the data from the sensors, the information is transmitted to the necessary positioning equipment which can make corrections. Other factors such as the increasing adoption of digital network technology is increasing the market attractiveness for photoelectric sensors.
The APAC region is expected to have a high contribution to the overall market considering that the automation and manufacturing industries will be the key adopters of this product. The increasing growth of automation across the automotive, food & beverages, and process industries is a key driver for the photoelectric sensor market. Nanotechnology has also created new opportunities for the photoelectric sensor market. The sensors themselves are used to improve the productivity of manufacturing set-ups as the data gathered by the sensors can be collated and acted upon immediately. One of the drawbacks however is the high price of the photoelectric component for the sensor itself.
The photoelectric sensors market in Europe is expected to grow at a stable rate. The key driver in the region is the increasing investments on R&D coupled with the number of manufacturing industries in the region, although is not as high as that in the APAC region.
In terms of technology the market has been divided into the following Retro-reflective, Diffuse and Through Beam. The Photoelectric sensors market has also been segmented by the following types Proximity photoelectric sensor, Fiber optic photoelectric sensor and Others. The Photoelectric sensors market has also been segmented by the following applications Parking facilities, Elevators, Building Automation, Semiconductor Device, Packaging machines and Others. The Photoelectric sensors market has also been segmented by the following geographies Americas, APAC, Europe and ROW.
Following are just a few of the companies that are operating in the Photoelectric sensors market
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