Photoelectric sensor market projected to reach US$ 2,577. 56 million by 2028

The photoelectric sensor market was valued at US$ 1,458. 23 million in 2021 and is projected to reach US$ 2,577. 56 million by 2028; it is expected to grow at a CAGR of 7. 7% from 2021 to 2028.

The demand for photoelectric sensors is increasing in various manufacturing industries owing to precise output delivered by them.Increasing productivity without hampering product quality is a primary goal of different manufacturing industries, according to the report "Photoelectric Sensor Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Technology and End-User".

Inconsistencies in production lines and defects in products cause a huge loss to manufacturers, and to overcome this challenge, manufacturers are adopting photoelectric sensors in their production or assembly lines.These sensors help detect objects, check surface conditions, and measure distance through various optical properties, thereby ensuring consistency in assembly line.

During the construction of a car body, each part of the body is place on the assembly line with precision.Skids must speed up, slow down, and stop in front of each station, in time, for welding, riveted, and gluing operations.

The entire car body assembly line is controlled and processed with help of photoelectric sensors. Further, diffuse mode photoelectric sensors are used in bottle cap feeding machines in the food and beverages industry. They help align and orient each bottle cap in correct position for the bottling. The sensors detect smallest possible feed errors and stop the cap feeding machine operations before the occurrence of capping mistakes. Similarly, photoelectric sensor devices are extensively used in packaging, transportation, and logistics industries for safe transfer, and pickup and drop of goods from conveyer belt. Moreover, semiconductor industries deploy photoelectric sensors extensively due to their extremely small beam angles and sharply defined light spots, which are ideal for the precise positioning required for producing semiconductor devices. Thus, numerous applications of photoelectric sensors in different industries bolster the market growth.

The retro-reflective segment represented the largest share of the overall market in 2020.In terms of end-user, the global photoelectric sensor market is segmented into automotive, military and aerospace, electronics and semiconductor, packaging, and others.