Global Industrial Optoelectronic Sensors Market 2018-2022
About Industrial Optoelectronic Sensors
Global optoelectronics market Optoelectronics is a specific area based on electronics and the principle of light. It can be considered as a sub-field of photonics. Optoelectronic devices have the capability of transferring electrical signal to optical signal and vice-versa. This technology includes fiber optic communication, laser systems, remote sensing support, medical diagnostic systems, electric eye, and optical information systems.
Technavio’s analysts forecast the global industrial optoelectronic sensors market to grow at a CAGR of 11.67% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial optoelectronic sensors market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Optoelectronic Sensors Market 2018-2022
Technavio recognizes the following companies as the key players in the global industrial optoelectronic sensors market: ams, BERNSTEIN, Festo, Leuze electronic, and Pilz.
Other Prominent Vendors in the market are: Automation24, BRAUN, Baumer, CEDRAT TECHNOLOGIES, Eaton, First Sensor, FRABA, Gems Sensors & Controls, ifm, Integrated Device Technology, Jenoptik, maxon motor, Pepperl+Fuchs, and SCHOTT.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of optics in manufacturing units. Many industries, especially in emerging countries, are renovating their infrastructure by implementing optics in their processes in order to improve their manufacturing capabilities and add new innovative techniques to increase their rate of productivity. Optic sensors can sense materials remotely, also through windows and have the capability to scan over large areas. Light is used to induce photochemistry; for instance, it is used in photolithography to produce submicron features in thin films. Light can easily cast images to inspect a part or guide the working tool to the correct area of the workpiece. The new image formed is then compared with the standard image in the database to ensure consistent component fabrication.”
According to the report, one driver in the market is increasing demand for smart sensors in smart factories. As per the present scenario, most of the end-users are increasingly adopting automated and smart technologies to increase their rate of productivity with accurate quality. Along with the trend of smart factories, robotic factories have also occupied a significant share in the industrial sector. Manufacturing nations such as China, the US, and Brazil are automating their manufacturing units to improve their communication and coordination within industries and ensure flexibility in the undergoing processes. Vendors are implementing sensors, robots, wireless systems, automation solutions, and enterprise software. Systems such as DCS, PLC, and SCADA are found almost in all major industries that have a high demand for smart sensors.
ams, BERNSTEIN, Festo, Leuze electronic, Pilz, Automation24, BRAUN, Baumer, CEDRAT TECHNOLOGIES, Eaton, First Sensor, FRABA, Gems Sensors & Controls, ifm, Integrated Device Technology, Jenoptik, maxon motor, Pepperl+Fuchs, and SCHOTT.