North America Photoelectric Sensors Market Size, Share & Industry Trends Analysis Report By Technology, By Application (Automotive, Electronics & Semiconductor, Packaging, Military & Aerospace, and Others), By Country and Growth Forecast, 2023 - 2030

North America Photoelectric Sensors Market Size, Share & Industry Trends Analysis Report By Technology, By Application (Automotive, Electronics & Semiconductor, Packaging, Military & Aerospace, and Others), By Country and Growth Forecast, 2023 - 2030


The North America Photoelectric Sensors Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 9,466.5 thousand units, showcasing a growth of 5.7% (2019-2022).

A photoelectric sensor is a technical position sensor that detects an object's distance, colour, absence, or presence using an infrared light transmitter and photoelectric receiver. The primary applications of these sensors are industrial, including detecting position misalignments and monitoring conveyor position control and product presence. By enhancing operational efficiency and reducing process time, they effectively improve productivity. The military and defence sectors employ these intelligent sensors for surveillance and security purposes by identifying targets, as they are tolerant of hazardous, filthy environments and long-range measurements and require minimal maintenance. Furthermore, these are implemented in elevator cage detection and automotive detection in parking lots due to their dependability, affordability, and compact size, as well as their extended lifespan and decreased downtime.

Additionally, the photoelectric sensor eliminates the need for external wiring in the circuit. As a result, it remains impervious to potential environmental disturbances, including pollen and mist, which scatter light. Because additional developments in nanotechnology enable precise and high-resolution measurements of distance and position, the market of photoelectric sensors is expected to expand exponentially over the next few years.

According to the Canada Energy Regulator (CER), renewables will reach 12% of total power generation by 2035. Wind is Canada's second-largest source of renewable energy, with an installed capacity of 13,588 MW in 2021, with Ontario (5,436 MW), Québec (3,882 MW), and Alberta (1,685 MW) the leading provinces. The total solar photovoltaic (PV) power installed capacity was over 2,600 MW 2021. These sensors are utilized in weather monitoring systems at renewable energy sites. These sensors measure various atmospheric parameters, such as ambient light levels, temperature, and humidity. Accurate weather data helps optimize energy production and anticipate fluctuations in renewable energy generation. As a result, these aspects will boost the market growth in the coming years.

The US market dominated the North America Photoelectric Sensors Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $605.1 Million by 2030. The Canada market is experiencing a CAGR of 8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7.1% during (2023 - 2030).

Based on Technology, the market is segmented into Retro-reflective, Diffused, and Thru-beam. Based on Application, the market is segmented into Automotive, Electronics & Semiconductor, Packaging, Military & Aerospace, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Omron Corporation, Panasonic Corporation, Rockwell Automation, Inc., Eaton Corporation Plc., Keyence Corporation, Schneider Electric SE, Autonics Corporation, SICK AG, Balluff GmbH, and IFM Electronic GmbH.

Scope of the Study

Market Segments covered in the Report:

By Technology (Volume, Thousand Units, USD Billion, 2019-2030)
  • Retro-reflective
  • Diffused
  • Thru-beam
By Application (Volume, Thousand Units, USD Billion, 2019-2030)
  • Automotive
  • Electronics & Semiconductor
  • Packaging
  • Military & Aerospace
  • Others
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Omron Corporation
  • Panasonic Corporation
  • Rockwell Automation, Inc.
  • Eaton Corporation Plc.
  • Keyence Corporation
  • Schneider Electric SE
  • Autonics Corporation
  • SICK AG
  • Balluff GmbH
  • IFM Electronic GmbH
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Photoelectric Sensors Market, by Technology
1.4.2 North America Photoelectric Sensors Market, by Application
1.4.3 North America Photoelectric Sensors Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2020, Jul – 2023, Oct) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. North America Photoelectric Sensors Market by Technology
5.1 North America Retro-reflective Market by Country
5.2 North America Diffused Market by Country
5.3 North America Thru-beam Market by Country
Chapter 6. North America Photoelectric Sensors Market by Application
6.1 North America Automotive Market by Country
6.2 North America Electronics & Semiconductor Market by Country
6.3 North America Packaging Market by Country
6.4 North America Military & Aerospace Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Photoelectric Sensors Market by Country
7.1 US Photoelectric Sensors Market
7.1.1 US Photoelectric Sensors Market by Technology
7.1.2 US Photoelectric Sensors Market by Application
7.2 Canada Photoelectric Sensors Market
7.2.1 Canada Photoelectric Sensors Market by Technology
7.2.2 Canada Photoelectric Sensors Market by Application
7.3 Mexico Photoelectric Sensors Market
7.3.1 Mexico Photoelectric Sensors Market by Technology
7.3.2 Mexico Photoelectric Sensors Market by Application
7.4 Rest of North America Photoelectric Sensors Market
7.4.1 Rest of North America Photoelectric Sensors Market by Technology
7.4.2 Rest of North America Photoelectric Sensors Market by Application
Chapter 8. Company Profiles
8.1 Omron Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 SWOT Analysis
8.2 Panasonic Holdings Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.2.6 SWOT Analysis
8.3 Rockwell Automation, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Acquisition and Mergers:
8.3.6 SWOT Analysis
8.4 Eaton Corporation PLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Keyence Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.5.6 SWOT Analysis
8.6 Schneider Electric SE
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Autonics Corporation
8.7.1 Company Overview
8.7.2 SWOT Analysis
8.8 Sick AG
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.6 SWOT Analysis
8.9 Balluff GmbH
8.9.1 Company Overview
8.9.2 SWOT Analysis
8.10. IFM Electronics GmbH
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
8.10.3 SWOT Analysis

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