Market Overview:
The global photoelectric retro-reflective sensor market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for photoelectric retro-reflective sensors in various applications such as logistics handling, packaging, food industry, and other applications. Additionally, the growing demand for photoelectric retro-reflective sensors in North America and Europe is also contributing to the growth of this market.
Product Definition:
A photoelectric retro-reflective sensor is a device that uses light to detect objects. The sensor emits a beam of light and then detects the reflection of that light off of an object. This type of sensor is often used in safety applications, such as in automatic door openers, because it can detect objects even when they are not directly in front of the sensor.
PNP:
The Photoelectric Retro-reflective Sensor (PERS) market is expected to grow at a CAGR of XX% from 2018 to 2025. The growth can be attributed to the increasing demand for PNP sensors in automotive and industrial sectors.
PNP is an acronym for Positive Nucleus Phosphor, which is used as a source of light in photodiode technology.
NPN:
A Non-Polarity (NP) semiconductor is a type of electronic component that does not exhibit the properties of electrical polarity. NP semiconductors are used in photovoltaic cells to generate an electric current by absorbing sunlight. They are also used in solar road panels, which consist of a series of transparent plastic films coated with NP material on both sides.
Application Insights:
The logistics handling application segment led the global photoelectric retro-reflective sensor market in 2017. The growth can be attributed to the increasing use of these sensors at airports, seaports and railway stations for baggage tracking and identification. Moreover, stringent government regulations regarding airport safety are driving the demand for these sensors at airports across the world.
The packaging application segment is expected to witness significant growth over the forecast period owing to rising demand from various industries including pharmaceuticals, food & beverage and cosmetics among others. PPE kits manufactured with retro-reflective materials have been proven effective in reducing accidents caused by improper usage of protective equipment such as gloves during storage or transportation of hazardous materials that may cause personal injuries or damage property if not handled properly.
Regional Analysis:
North America accounted for the largest market share in 2017. The growth is attributed to the presence of major industry participants, technological advancements, and high demand for LERS in various applications such as warehousing and logistics handling. Moreover, increasing government initiatives to develop advanced sensors are expected to drive regional growth over the forecast period. For instance, according to a white paper published by Sensors Industry Association (SIA), North America region captured more than 80% of all SIA member company exhibit at this year’s Sensor Expo & Conference from October 25th-27th at San Francisco.
Asia Pacific is anticipated to witness lucrative CAGR over the forecast period owing to rapid industrialization along with growing adoption of photoelectric retro-reflective sensing technology across numerous industries due its advantages such as low cost and high efficiency compared other reflective technologies such as light detection systems (LDS).
Growth Factors:
- Increasing demand from the automotive industry for photoelectric retro-reflective sensors for advanced driver assistance systems (ADAS) and autonomous driving applications is expected to drive the growth of the market.
- Growing demand for photoelectric retro-reflective sensors in safety-critical applications, such as railway signaling, is also anticipated to fuel market growth.
- The increasing adoption of 3D printing technology across a wide range of industries is projected to create opportunities for the photoelectric retro-reflective sensor market during the forecast period.
- Rising awareness about safety and security among consumers is expected to boost demand for photoelectric retro-reflective sensors in consumer electronics applications over the next few years.
- The growing popularity of smart homes and Internet of Things (IoT) devices is likely to create new opportunities for this market in the near future
Scope Of The Report
Report Attributes
Report Details
Report Title
Photoelectric Retro-Reflective Sensor Market Research Report
By Type
PNP, NPN
By Application
Logistics Handling, Packaging, Food Industry, Other
By Companies
Keyence, Pepperl+Fuchs, Leuze, Optex, Balluf, Panasonic, Baumer, Tri-Tronics, SICK, Festo, Omron, ifm electronic, Carlo Gavazzi, Telco Sensors
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
183
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Photoelectric Retro-Reflective Sensor Market Report Segments:
The global Photoelectric Retro-Reflective Sensor market is segmented on the basis of:
Types
PNP, NPN
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
Logistics Handling, Packaging, Food Industry, Other
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:
- Keyence
- Pepperl+Fuchs
- Leuze
- Optex
- Balluf
- Panasonic
- Baumer
- Tri-Tronics
- SICK
- Festo
- Omron
- ifm electronic
- Carlo Gavazzi
- Telco Sensors
Highlights of The Photoelectric Retro-Reflective Sensor 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:
- PNP
- NPN
- By Application:
- Logistics Handling
- Packaging
- Food Industry
- Other
- 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 Photoelectric Retro-Reflective Sensor 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.
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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 photoelectric retro-reflective sensor (PERS) is a type of optical sensor that uses the principle of retroreflection to detect light. When an object reflects light back towards the PERS, it causes a change in the amount of light that is detected by the sensor. This change in amount can be used to determine information about the object that reflected the light, such as its size, shape and color.
Some of the key players operating in the photoelectric retro-reflective sensor market are Keyence, Pepperl+Fuchs, Leuze, Optex, Balluf, Panasonic, Baumer, Tri-Tronics, SICK, Festo, Omron, ifm electronic, Carlo Gavazzi, Telco Sensors.
The photoelectric retro-reflective sensor market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photoelectric Retro-Reflective Sensor 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 Photoelectric Retro-Reflective Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photoelectric Retro-Reflective Sensor 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 Photoelectric Retro-Reflective Sensor 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 Photoelectric Retro-Reflective Sensor Market Size & Forecast, 2018-2028
4.5.1 Photoelectric Retro-Reflective Sensor Market Size and Y-o-Y Growth
4.5.2 Photoelectric Retro-Reflective Sensor Market Absolute $ Opportunity
Chapter 5 Global Photoelectric Retro-Reflective Sensor 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 Photoelectric Retro-Reflective Sensor Market Size Forecast by Type
5.2.1 PNP
5.2.2 NPN
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Photoelectric Retro-Reflective Sensor 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 Photoelectric Retro-Reflective Sensor Market Size Forecast by Applications
6.2.1 Logistics Handling
6.2.2 Packaging
6.2.3 Food Industry
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photoelectric Retro-Reflective Sensor 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 Photoelectric Retro-Reflective Sensor 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 Photoelectric Retro-Reflective Sensor Analysis and Forecast
9.1 Introduction
9.2 North America Photoelectric Retro-Reflective Sensor 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 Photoelectric Retro-Reflective Sensor Market Size Forecast by Type
9.6.1 PNP
9.6.2 NPN
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 Photoelectric Retro-Reflective Sensor Market Size Forecast by Applications
9.10.1 Logistics Handling
9.10.2 Packaging
9.10.3 Food Industry
9.10.4 Other
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 Photoelectric Retro-Reflective Sensor Analysis and Forecast
10.1 Introduction
10.2 Europe Photoelectric Retro-Reflective Sensor 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 Photoelectric Retro-Reflective Sensor Market Size Forecast by Type
10.6.1 PNP
10.6.2 NPN
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 Photoelectric Retro-Reflective Sensor Market Size Forecast by Applications
10.10.1 Logistics Handling
10.10.2 Packaging
10.10.3 Food Industry
10.10.4 Other
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 Photoelectric Retro-Reflective Sensor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Photoelectric Retro-Reflective Sensor 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 Photoelectric Retro-Reflective Sensor Market Size Forecast by Type
11.6.1 PNP
11.6.2 NPN
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 Photoelectric Retro-Reflective Sensor Market Size Forecast by Applications
11.10.1 Logistics Handling
11.10.2 Packaging
11.10.3 Food Industry
11.10.4 Other
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 Photoelectric Retro-Reflective Sensor Analysis and Forecast
12.1 Introduction
12.2 Latin America Photoelectric Retro-Reflective Sensor 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 Photoelectric Retro-Reflective Sensor Market Size Forecast by Type
12.6.1 PNP
12.6.2 NPN
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 Photoelectric Retro-Reflective Sensor Market Size Forecast by Applications
12.10.1 Logistics Handling
12.10.2 Packaging
12.10.3 Food Industry
12.10.4 Other
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) Photoelectric Retro-Reflective Sensor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Photoelectric Retro-Reflective Sensor 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) Photoelectric Retro-Reflective Sensor Market Size Forecast by Type
13.6.1 PNP
13.6.2 NPN
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) Photoelectric Retro-Reflective Sensor Market Size Forecast by Applications
13.10.1 Logistics Handling
13.10.2 Packaging
13.10.3 Food Industry
13.10.4 Other
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 Photoelectric Retro-Reflective Sensor Market: Competitive Dashboard
14.2 Global Photoelectric Retro-Reflective Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Keyence
14.3.2 Pepperl+Fuchs
14.3.3 Leuze
14.3.4 Optex
14.3.5 Balluf
14.3.6 Panasonic
14.3.7 Baumer
14.3.8 Tri-Tronics
14.3.9 SICK
14.3.10 Festo
14.3.11 Omron
14.3.12 ifm electronic
14.3.13 Carlo Gavazzi
14.3.14 Telco Sensors
