Europe Photoelectric Sensor Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technology (Retro-Reflective, Thru-Beam, and Diffused) and End-use (Automotive, Military and Aerospace, Electronics and Semiconductor, Packaging, and Others)

TIPRE00024222 | Pages: 130 | Electronics and Semiconductor | Aug 2021 | Type: Regional | Status: Published

Market Introduction

Less manufacturing cost through photoelectric sensor and mandatory emission regulations are the factors that have led the increased the application of photoelectric sensor in the automotive industry, thereby contributing to the market growth. Furthermore, the growth of the European market for photoelectric sensor can be attributed to the increasing stringent regulations for industrial automation in several manufacturing facilities in the region. Increase in cost of labor, combined with the immense pressure on manufacturers to meet the deadlines, has resulted in an increase in automation in factories across Europe.

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.


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Market Overview and Dynamics

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 rising need for of sensor and technological developments to solve complex challenges is encouraging innovations in photoelectric sensor. The pulse ranging technology (PRT), which can calculate object’s distance by using the principal of direct light propagation time measurement method, can be valuable in commercial industrial applications. PRT sensor provide accurate and continuous distance data with digital or analog outputs. In addition, positioning PRT sensor on each side of the carton and measuring these distances would also provide dimensions of pallets or cartons, which can be used to calculate the volume of the pallet or carton. The technology is expected to further improve the efficiency and accuracy of line assembly by providing comprehensive details of materials in production or operational process. This technology would be highly useful in pharmaceuticals and food & beverages industries. Thus, the PRT-enabled photoelectric sensor are likely to emerge as a prominent trend in future.

Key Market Segments

In terms of technology, the retro-reflective segment accounted for the largest share of the Europe photoelectric sensor market in 2020. Further In term of end-use, the automotive segment held a larger market share of the photoelectric sensor market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the photoelectric sensor market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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 among others.

Reasons to buy report

  • To understand the Europe photoelectric sensor market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe photoelectric sensor market
  • Efficiently plan M&A and partnership deals in Europe photoelectric sensor market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe photoelectric sensor market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Photoelectric Sensor Market Segmentation

Europe Photoelectric Sensor Market – By Technology

  • Retro-Reflective
  • Thru-Beam
  • Diffused

Europe Photoelectric Sensor Market – By End-use

  • Automotive
  • Military and Aerospace
  • Electronics and Semiconductor
  • Packaging
  • Others

Europe Photoelectric Sensor Market – By Country

  • France
  • Germany
  • UK
  • Italy
  • Russia
  • Rest of Europe   

Europe Photoelectric Sensor Market – Companies Mentioned

  • Autonics Corporation                                      
  • Balluff GmbH                                                   
  • Eaton Corporation plc.
  • ifm electronic GmbH                                     
  • OMRON Corporation                                     
  • Rockwell Automation, Inc.                            
  • Panasonic Corporation                                  
  • SICK AG                                                            
  • Schneider Electric SE                                    
  • Keyence Corporation                                   

TABLE OF CONTENTS

1.          Introduction

1.1        Study Scope

1.2        The Insight Partners Research Report Guidance

1.3        Market Segmentation

2.          Key Takeaways

3.          Research Methodology

3.1        Coverage

3.2        Secondary Research

3.3        Primary Research

4.          Europe Photoelectric Sensor Market Landscape

4.1        Market Overview

4.2        PEST Analysis

4.3        Ecosystem Analysis

4.4        Expert Opinions

5.          Europe Photoelectric Sensor Market – Key Market Dynamics

5.1        Market Drivers

5.1.1        Great Demand in Manufacturing Industries

5.1.2        Correctness and Reliability of Photoelectric Sensors

5.2        Market Restraint

5.2.1        Higher Installation and Maintenance Costs

5.3        Market Opportunities

5.3.1        Growing Demand for Photoelectric Sensors in Pharmaceuticals Industry

5.4        Future Trends

5.4.1        Consolidation of Pulse Ranging Technology

5.5        Impact Analysis of Drivers and Restraints

6.          Europe Photoelectric Sensor – Market Analysis

6.1        Europe Photoelectric Sensor Market Overview

6.2        Europe: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)

7.          Europe Photoelectric Sensor Market Analysis – by Technology

7.1        Overview

7.2        Photoelectric Sensor Market, By technology (2020 and 2028)

7.3        Retro-reflective

7.3.1        Overview

7.3.2        Retro-Reflective: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

7.4        Thru-beam

7.4.1        Overview

7.4.2        Thru-Beam: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

7.5        Diffused

7.5.1        Overview

7.5.2        Diffused: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

8.          Europe Photoelectric Sensor Market Analysis – by End-use

8.1        Overview

8.2        Europe: Photoelectric Sensor Market, by End-use

8.3        Automotive

8.3.1        Overview

8.3.2        Automotive: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

8.4        Military and Aerospace

8.4.1        Overview

8.4.2        Military and Aerospace: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

8.5        Electronics and Semiconductor

8.5.1        Overview

8.5.2        Electronics and Semiconductor: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

8.6        Packaging

8.6.1        Overview

8.6.2        Packaging: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

8.7        Others

8.7.1        Overview

8.7.2        Others: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

9.          Europe Photoelectric Sensor Market – Country Analysis

9.1        Overview

9.1.1        Europe: Photoelectric Sensor Market, by Key Country

9.1.1.1          France: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          France: Photoelectric Sensor Market, by Technology

9.1.1.1.2          France: Photoelectric Sensor Market, by End-use

9.1.1.2          Germany: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          Germany: Photoelectric Sensor Market, by Technology

9.1.1.2.2          Germany: Photoelectric Sensor Market, by End-use

9.1.1.3          Italy: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          Italy: Photoelectric Sensor Market, by Technology

9.1.1.3.2          Italy: Photoelectric Sensor Market, by End-use

9.1.1.4          UK: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1          UK: Photoelectric Sensor Market, by Technology

9.1.1.4.2          UK: Photoelectric Sensor Market, by End-use

9.1.1.5          Russia: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1          Russia: Photoelectric Sensor Market, by Technology

9.1.1.5.2          Russia: Photoelectric Sensor Market, by End-use

9.1.1.6          Rest of Europe: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1          Rest of Europe: Photoelectric Sensor Market, by Technology

9.1.1.6.2          Rest of Europe: Photoelectric Sensor Market, by End-use

10.       Europe Photoelectric Sensor Market – Covid-19 Impact Analysis

10.1      Overview

11.       Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

11.4      Merger and Acquisition

12.       Company Profiles

12.1      Autonics Corporation

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Balluff GmbH

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Eaton Corporation plc

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      ifm electronic GmbH

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Keyence Corporation

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      OMRON Corporation

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Rockwell Automation, Inc.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Panasonic Corporation

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      SICK AG

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   Schneider Electric SE

12.10.1   Key Facts

12.10.2   Business Description

12.10.3   Products and Services

12.10.4   Financial Overview

12.10.5   SWOT Analysis

12.10.6   Key Developments

13.       Appendix

13.1      About The Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.            Europe Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

Table 2.            Europe: Photoelectric Sensor Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.            France: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 4.            France: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)

Table 5.            Germany: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 6.            Germany: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)

Table 7.            Italy: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 8.            Italy: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)

Table 9.            UK: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 10.          UK: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Russia: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Russia: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of Europe: Photoelectric Sensor Market, by Technology – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Rest of Europe: Photoelectric Sensor Market, by End-use – Revenue and Forecast to 2028 (US$ Million)

Table 15.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe Photoelectric Sensor Market Segmentation

Figure 2.           Europe Photoelectric Sensor Market Segmentation – By Country

Figure 3.           Europe Photoelectric Sensor Market Overview

Figure 4.           Europe Photoelectric Sensor Market, by Technology

Figure 5.           Europe Photoelectric Sensor Market, by End-use

Figure 6.           Europe Photoelectric Sensor Market, By Country

Figure 7.           Europe PEST Analysis

Figure 8.           Photoelectric Sensor Market- Ecosystem Analysis

Figure 9.           Photoelectric Sensor Market Impact Analysis of Drivers and Restraints

Figure 10.        Europe: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 11.        Photoelectric Sensor Market, by technology (2020 and 2028)

Figure 12.        Retro-reflective: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Thru-beam: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Diffused: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Europe: Photoelectric Sensor Market Revenue Share, by End-use (2020 and 2028)

Figure 16.        Automotive: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Military and Aerospace: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Electronics and Semiconductor: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Packaging: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Others: Photoelectric Sensor Market Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Geographic Europe Overview of Photoelectric Sensor Market

Figure 22.        Europe: Photoelectric Sensor Market Revenue Share, by Key Country (2020 and 2028)

Figure 23.        France: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Germany: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Italy: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        UK: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Russia: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Rest of Europe: Photoelectric Sensor Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Impact of COVID-19 Pandemic in Europe Country Markets

  1. Autonics Corporation                                      
  2. Balluff GmbH                                                   
  3. Eaton Corporation plc
  4. ifm electronic GmbH                                     
  5. OMRON Corporation                                     
  6. Rockwell Automation, Inc.                            
  7. Panasonic Corporation                                  
  8. SICK AG                                                            
  9. Schneider Electric SE                                    
  10. Keyence Corporation                                 
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe photoelectric sensor market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe photoelectric sensor market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the photoelectric sensor market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution  
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