New research from ARC Advisory Group reveals that the Photoelectric Sensors market experienced moderate growth in 2022. The market is poised for further expansion due to an increasing demand for connected devices and a push toward digitalization. Intelligent sensors embedded with advanced features enable remote diagnostics, reducing machine downtime and enhancing productivity and reliability. This ARC research provides a comprehensive analysis of various photoelectric sensor types, including light barriers, diffuse sensors, and fiber optic sensors, widely utilized across industries worldwide.
"Digitalization is expected to significantly impact the field of photoelectric sensors. With the advent of advanced technologies, photoelectric sensors have become more intelligent and integrated into digital systems. Digitalization is enabling these sensors to provide more accurate and precise object detection, improved data collection and analysis, and enhanced communication capabilities. Additionally, digitalization has facilitated the seamless integration of photoelectric sensors into industrial automation and control systems, leading to increased efficiency, productivity, and cost savings. The combination of digitalization and photoelectric sensors has opened up new possibilities for industrial applications, enabling smarter and more sophisticated automation processes," according to Siddhartha Maiti, Senior Analyst and key author of ARC's Photoelectric Sensors Market Research.
Photoelectric Sensors Market Trends
In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:
- Additive Manufacturing/3D Printing
- Analytics and Big Data
- Digitalization of Industrial Operations
- Fabless Companies
- Implementation of Data Analytics to Optimize Machine Performance
- Intelligent Devices and the IoT
- IO-Link and CompoNet
- Seamless Integration for Brownfield Digitalization via Hybrid Sensors
- Sensor-to-Cloud
- Smart Sensing
Leading Suppliers to the Photoelectric Sensors Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Keyence, Leuze, OMRON, Panasonic, SICK.
About the Photoelectric Sensors Research
The Photoelectric Sensors research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The segmentation includes Machinery by Segment, Sensor Type, Sales Channel, World Region, Industry, Customer Type, Output Signal, Diffuse Revenues by Type, Overall Scope, Lightbarriers by Type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
- MIRA Service: An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions. Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.
- Concise Market Analysis Report (PDF): This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
- Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF): A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis.
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