Global Photoelectric Sensors Market 2017-2021
About Photoelectric Sensors
A photoelectric sensor is a special type of proximity sensor used to detect the distance, absence, and presence of any object in its predefined perimeter. These sensors sense and trigger to slow down or stop an operation for safety. A photoelectric sensor uses a beam of ray mostly infrared, and mainly consists of a transmitter and an emitter, either in two different devices and or in the same device.Photoelectric sensors used in industrial applications are considered for market estimation and forecast. Photoelectric sensors used in automobiles, consumer durables, and vision guided mobile devices are not included in the report scope.
Technavio’s analysts forecast the global photoelectric sensors market to grow at a CAGR of 8.08% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global photoelectric sensors market for 2017-2021. To calculate the market size, the report considers the new installations, retrofits, and replacements.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Photoelectric Sensors Market 2017-2021
Technavio recognizes the following companies as the key players in the global photoelectric sensors market: Banner, Baumer Group, OMRON, Pepperl+Fuchs, and SICK.
Other Prominent Vendors in the market are: Balluff, Eaton, Fargo Controls, ifm, KEYENCE, Panasonic, Rockwell Automation, Schneider Electric, and Turck.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Emergence of integrated smart sensors. A smart sensor is a device that collects input from the environment, compares it with the in-built data, and performs the predefined functions. It provides advantages in reduction of interconnecting wires, offers reliability, and better performance of a facility. These flexible systems need rugged packaging and are easy to use and maintain. The major application areas, which are prone to using smart sensors are structural monitoring to detect damages in the industry and geographical mapping to detect minerals or presence of tunnels.”
According to the report, one of the major drivers for this market is Growing implication of MEMS and NEMS in the industries. MEMS (micro-electromechanical systems) and NEMS (nanoelectromechanical systems) integrated with photoelectric sensors are devices with high sensitivity to different stimuli, such as temperature, pressure, or the presence of an obstruction. Thus, they are widely used in sensors in portable devices. These technologies will support to build extremely small sensor systems that can impart artificial intelligence in all human-machine interface devices.
Further, the report states that one of the major factors hindering the growth of this market is High-cost of fiber optic sensors. The rising trend of smart factories and smart infrastructure has highly influenced the use of fiber-optic sensors owing to their capability of detecting a change in position, deformities, and inclinations. Factors like operating over large dynamic ranges, immunity from electromagnetic interference, and passive operation electrically add to the necessity of fiber optic sensors.
Banner, Baumer Group, OMRON, Pepperl+Fuchs, SICK, Balluff, Eaton, Fargo Controls, ifm, KEYENCE, Panasonic, Rockwell Automation, Schneider Electric, and Turck.