Photoelectric Sensors Market - Top Companies and Manufacturers

Companies Dominating the Photoelectric Sensors Landscape

Widening application range is one of the major beneficial trends in the photoelectric sensors market. Following the smart manufacturing strategies of individual regions, companies are developing personalized solutions. Many are partnering with or acquiring tech-driven competitors to align with industry standards. For instance, in January 2024, ABB acquired Real Tech to utilize its optical sensor technology. This acquisition was aimed at expanding ABB's portfolio to smart water management. Such key players in the market includes:

Rockwell Automation, Inc.
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Schneider Electric
Eaton
SICK AG
IFM
Balluff
Pepperl+Fuchs
Wenglor

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Photoelectric Sensors Market Size & Share, Global Forecast Report 2037

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In October 2024, Lynred acquired NIT (New Imaging Technologies) to consolidate its leadership in infrared sensors. This acquisition will allow Lynred to access the SWIR technology of NIT, expanding its product portfolio.
In May 2024, Hikrobot introduced a series of machine vision photoelectric sensors. The range includes an area scan camera, 3D laser profile sensor, XoF 8K Line Scan Camera, SC6000 Smart Camera, and IDH Handheld Code Reader.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the photoelectric sensors market was over USD 2.1 billion.

The market size for the photoelectric sensors market is projected to reach USD 5.7 billion by the end of 2037 expanding at a CAGR of 8.7% during the forecast period i.e., between 2025-2037.

The major players in the market are Rockwell Automation, Inc., OMRON Corporation, KEYENCE CORPORATION, Schneider Electric, Eaton, Panasonic Corporation, SICK AG, and others.

In terms of product type, the retro-reflective segment is anticipated to garner the largest market share of 49.1% by 2037 and display lucrative growth opportunities during 2025-2037.

The market in Asia Pacific is projected to hold the largest market share of 43.6% by the end of 2037 and provide more business opportunities in the future.

Photoelectric Sensors Market - Top Companies and Manufacturers

Companies Dominating the Photoelectric Sensors Landscape

Browse Key Market Insights with Data Illustration:

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Frequently Asked Questions (FAQ)

How big is the photoelectric sensors market?

What is the outlook for the photoelectric sensors market?

Who are the major players dominating the photoelectric sensors market?

Which product type will capture the significant market share for the photoelectric sensors market by 2037?

Which region will provide more business opportunities for the growth of the photoelectric sensors market in the future?