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Europe Photoelectric Sensor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology and End-use

Europe Photoelectric Sensor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology and End-use

  • August 2021
  • 130 pages
  • ID: 6134304
  • Format: PDF
  • The Insight Partners

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The photoelectric sensor market in Europe is expected to grow from US$ 337.74 million in 2021 to US$ 548.33 million by 2028; it is estimated to grow at a CAGR of 7.2% from 2021 to 2028.

The demand for photoelectric sensor 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.

Inconsistencies in production lines and defects in products cause a huge loss to manufacturers, and to overcome this challenge, manufacturers are adopting photoelectric sensor 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 sensor. Further, diffuse mode photoelectric sensor 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 sensor 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 sensor 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 sensor in different industries bolster the market growth.

Russia, France, the UK, Spain, Italy, and Germany are among the most affected European countries due to the COVID-19 outbreak.Businesses are suffering from financial crises as they had to either suspend their operations or reduce their activities substantially to abide by the social distancing norms and lockdown impositions.

Europe is one of the major information technology (IT) hubs.Due to the presence of giant manufacturers, which are known for the high adoption of sensor and other automation technologies, the photoelectric sensor market in Europe is expected to gain back its growth pace during the forecast period.

However, disrupted supply chains in several European countries and fall in demand have been limiting the performance of manufacturing sector, including the hardware manufacturing businesses. Business shutdowns and travel bans have been restricting the growth of various sectors in Europe, which led to an economic slump in many European countries in 2020; the effect of this slowdown is likely to persist in 2021 as well.

The photoelectric sensor market is segmented based on technology and end-use.Based on end-use, the market is segmented into automotive, military and aerospace, electronics and semiconductor, packaging, and others.

In 2020, the automotive segment held the largest share in the market.The automotive industry is considered the fastest adopter of photoelectric sensor due to its complex production and assembly line.

In the automotive industry, photoelectric sensor are used to obtain high accuracy of assembly line during the production process.The sensor can detect when the relevant station is near so that the line can stop, and the component can be processed without any error.

Photoelectric sensor are helping companies from automotive industry to continue growing in the highly competitive environments by automating their production line.

The Europe photoelectric sensor market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the Europe photoelectric sensor market with respect to all the market segments.Also, multiple primary interviews have been conducted with industry participants to validate the data as well as to gain more analytical insights into the topic.

The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe photoelectric sensor market. Autonics Corporation; Balluff GmbH; Eaton Corporation plc.; ifm electronic GmbH; OMRON Corporation; Rockwell Automation, Inc.; Panasonic Corporation; SICK AG; Schneider Electric SE; and Keyence Corporation are among the leading companies in the market.

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