Market Overview:
The global laser photoelectric sensors market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for laser photoelectric sensors in transportation, communications, and manufacturing industries. Additionally, the growing demand for miniaturized and low-cost sensors is also contributing to the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market during the forecast period. On basis of type, DC lasers are expected to hold a major share in the global laser photoelectric sensors market during 2018-2030 owing to their advantages such as low power consumption and immunity from electrical noise interference. AC lasers are projected to be one of fastest growing segments due their ability detect objects even when they are moving quickly or when there is significant ambient light present. On basis on application, transportation industry is estimated hold largest share followed by communications industry in global laser photoelectric sensor market during 2018-2030 .
Product Definition:
A laser photoelectric sensor is a device that uses a laser to detect the presence or absence of an object. Its importance lies in its ability to provide accurate and consistent measurements.
DC:
DC is the direct current and it has no Alternating Current (AC) or Frequency (RF) associated with it. DC voltage is generated by a battery of specific size, capacity & composition. DC voltage varies from low to high in steps as per its use. For instance, in power tools, step-down transformer secondary produces DC supply to the cordless power tools; whereas light-emitting diode uses produce digital signals for data processing applications and RF for communication purposes.
AC:
AC is the most basic and important component of any laser-based photoelectric sensor. It is a semiconductor material that generates an electric current when exposed to light. The AC component in such sensors can be categorized into two types: active and passive.
Passive AC components are used for sensing light intensity while active ones are used for modulating the light source as per requirement, e.g.
Application Insights:
The manufacturing industry accounted for the largest revenue share in 2016 and is expected to continue its dominance over the forecast period. The laser photoelectric sensors provide accurate detection of metal, which is a critical component in any manufacturing process. They are used as part of safety systems that monitor machine operations and prevent accidents or injuries. These devices also ensure efficient production by enabling managers to detect errors early and take corrective measures before they occur.
The transportation industry was one of the fastest-growing segments owing to increasing adoption across commercial vehicles such as trucks, buses, ferries and trains among others. Laser PEs offer enhanced safety features while improving fuel efficiency through reduced idling time due to their ability to cut down on vehicle emissions caused due friction heat generation between moving parts such as engine components & drive shafts & wheels etc.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The growth can be attributed to increasing demand for laser photoelectric sensors in emerging economies, such as China and India. Asia Pacific accounted for a revenue share of more than 30% in 2017 owing to high product penetration in industrial automation and security applications across countries, such as Japan, South Korea, Taiwan and others.
The market is also driven by growing adoption of laser products across end-use industries including manufacturing & automation; transportation & logistics; oil & gas; healthcare; military/ defense among others. Increasing government initiatives coupled with rising investments from multinational companies are anticipated to drive regional growth further over the forecast period. For instance, In January 2016 ‘Make in India’ campaign was launched by the Government of India which includes manufacturing sector development along with attracting foreign investment through Foreign Direct Investment (FDI).
Growth Factors:
- Increasing demand for laser photoelectric sensors in the automotive industry for safety and security applications.
- Growing demand from the industrial sector for laser photoelectric sensors in process automation and machine vision applications.
- Rising adoption of laser photoelectric sensors in packaging and printing industries to detect defects on products or packages.
- Increasing use of laser photoelectric sensors in medical devices and equipment for non-invasive surgeries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Laser Photoelectric Sensors Market Research Report
By Type
DC, AC, AC/DC Universal
By Application
Transportation Industry, Communications Industry, Manufacturing Industry, Others
By Companies
Balluff, Banner Engineering Corp, Omron, Schneider Electric, Panasonic, Baumer Sensor Solutions, Contrinex, Datalogic Automation, Di-Soric, Finisar, Balluff, IPF Electronic GmbH, Leuze
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Laser Photoelectric Sensors Market Report Segments:
The global Laser Photoelectric Sensors market is segmented on the basis of:
Types
DC, AC, AC/DC Universal
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation Industry, Communications Industry, Manufacturing Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Balluff
- Banner Engineering Corp
- Omron
- Schneider Electric
- Panasonic
- Baumer Sensor Solutions
- Contrinex
- Datalogic Automation
- Di-Soric
- Finisar
- Balluff
- IPF Electronic GmbH
- Leuze
Highlights of The Laser Photoelectric Sensors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- DC
- AC
- AC/DC Universal
- By Application:
- Transportation Industry
- Communications Industry
- Manufacturing Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Laser Photoelectric Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A laser photoelectric sensor is a type of sensor that uses lasers to measure the amount of light that is reflected from an object. This sensor can be used to detect objects in dark or low-light environments, and it can also be used to detect movement.
Some of the major players in the laser photoelectric sensors market are Balluff, Banner Engineering Corp, Omron, Schneider Electric, Panasonic, Baumer Sensor Solutions, Contrinex, Datalogic Automation, Di-Soric, Finisar, Balluff, IPF Electronic GmbH, Leuze.
The laser photoelectric sensors market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laser Photoelectric Sensors Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Laser Photoelectric Sensors Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Laser Photoelectric Sensors Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Laser Photoelectric Sensors Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Laser Photoelectric Sensors Market Size & Forecast, 2018-2028 4.5.1 Laser Photoelectric Sensors Market Size and Y-o-Y Growth 4.5.2 Laser Photoelectric Sensors Market Absolute $ Opportunity
Chapter 5 Global Laser Photoelectric Sensors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Laser Photoelectric Sensors Market Size Forecast by Type
5.2.1 DC
5.2.2 AC
5.2.3 AC/DC Universal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Laser Photoelectric Sensors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Laser Photoelectric Sensors Market Size Forecast by Applications
6.2.1 Transportation Industry
6.2.2 Communications Industry
6.2.3 Manufacturing Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Laser Photoelectric Sensors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Laser Photoelectric Sensors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Laser Photoelectric Sensors Analysis and Forecast
9.1 Introduction
9.2 North America Laser Photoelectric Sensors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Laser Photoelectric Sensors Market Size Forecast by Type
9.6.1 DC
9.6.2 AC
9.6.3 AC/DC Universal
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Laser Photoelectric Sensors Market Size Forecast by Applications
9.10.1 Transportation Industry
9.10.2 Communications Industry
9.10.3 Manufacturing Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Laser Photoelectric Sensors Analysis and Forecast
10.1 Introduction
10.2 Europe Laser Photoelectric Sensors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Laser Photoelectric Sensors Market Size Forecast by Type
10.6.1 DC
10.6.2 AC
10.6.3 AC/DC Universal
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Laser Photoelectric Sensors Market Size Forecast by Applications
10.10.1 Transportation Industry
10.10.2 Communications Industry
10.10.3 Manufacturing Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Laser Photoelectric Sensors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Laser Photoelectric Sensors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Laser Photoelectric Sensors Market Size Forecast by Type
11.6.1 DC
11.6.2 AC
11.6.3 AC/DC Universal
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Laser Photoelectric Sensors Market Size Forecast by Applications
11.10.1 Transportation Industry
11.10.2 Communications Industry
11.10.3 Manufacturing Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Laser Photoelectric Sensors Analysis and Forecast
12.1 Introduction
12.2 Latin America Laser Photoelectric Sensors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Laser Photoelectric Sensors Market Size Forecast by Type
12.6.1 DC
12.6.2 AC
12.6.3 AC/DC Universal
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Laser Photoelectric Sensors Market Size Forecast by Applications
12.10.1 Transportation Industry
12.10.2 Communications Industry
12.10.3 Manufacturing Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Laser Photoelectric Sensors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Laser Photoelectric Sensors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Laser Photoelectric Sensors Market Size Forecast by Type
13.6.1 DC
13.6.2 AC
13.6.3 AC/DC Universal
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Laser Photoelectric Sensors Market Size Forecast by Applications
13.10.1 Transportation Industry
13.10.2 Communications Industry
13.10.3 Manufacturing Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Laser Photoelectric Sensors Market: Competitive Dashboard
14.2 Global Laser Photoelectric Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Balluff
14.3.2 Banner Engineering Corp
14.3.3 Omron
14.3.4 Schneider Electric
14.3.5 Panasonic
14.3.6 Baumer Sensor Solutions
14.3.7 Contrinex
14.3.8 Datalogic Automation
14.3.9 Di-Soric
14.3.10 Finisar
14.3.11 Balluff
14.3.12 IPF Electronic GmbH
14.3.13 Leuze