Photoelectric Sensors Market Size

Photoelectric Sensors Market size was over USD 2.1 billion in 2024 and is estimated to reach USD 5.7 billion by the end of 2037, expanding at a CAGR of 8.7% during the forecast timeline, i.e., 2025-2037. In 2025, the industry size of photoelectric sensors is assessed at USD 2.3 billion.

The rising demand for automation in industries is enlarging the sector. Robust processing in manufacturing, logistics, and packaging allows accurate object detection and positioning. Such improvisation in production is boosting the demand for photoelectric sensors. Wide industrial applications are raising the integration of advancement in product development.

The popularity of smart manufacturing facilities has increased the demand in the market. Manufacturers are rigorously seeking a method for cost reduction. Mass production has proven to be one of the most effective techniques to reduce expenses. Adopting photoelectric sensors can effectively support the concept. For instance, in 2022, Keyence launched the IL series of photoelectric sensors, allowing stable analog detection in smart factories. The multi-function CMOS laser sensor can be integrated seamlessly with IoT systems for remote monitoring. Such advancement in this sector will encourage more industrialists to incorporate these sensing technologies.