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