![]() ![]() Industry 4.0 & Smart Factory to Steer Future Expansion Industrial Manufacturing: Largest End-Use Sector Photoelectric Sensors - Global Key Competitors Percentage Market Share in 2022 (E)Ĭompetitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E) World Photoelectric Sensors Market - Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, USA, Japan, Canada, and Europe World Photoelectric Sensors Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions World Photoelectric Sensors Market by Application (2020 & 2027): Percentage Breakdown of Sales for Industrial Manufacturing, Consumer Electronics, Automotive & Transportation, Food & Beverage, Packaging, and Other Applications World Photoelectric Sensors Market by Source (2020 & 2027): Percentage Breakdown of Sales for Standard, and Laser World Photoelectric Sensors Market by Type (2020 & 2027): Percentage Breakdown of Sales for Retroreflective, Through-Beam, and Reflective Global Photoelectric Sensors Market by End-Use: Growth Rate (in %) for 2020 Global Photoelectric Sensors Market by Region: Growth Rate (in %) for 2020 ![]() Global Photoelectric Sensors Market: Prospects & Outlook Global PMI Index Points for the Years 2018, 2019 & 2020ĬOVID-19 Pandemic Disrupts the Photoelectric Sensor MarketĬhallenges faced in Detecting Dark Objects Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020 Industrial Activity Remains Subdued, Inducing Weakness into Photoelectric Sensors Market Impact of COVID-19: As 2020 Draws to a Close, It Has Been a Year of Astounding DisruptionĬOVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021 Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$286.2 Million by the year 2030. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR. China, the world's second largest economy, is forecast to reach a projected market size of US$551.4 Million by the year 2030 trailing a CAGR of 7.6% over the analysis period 2022 to 2030.Īmong the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 5.6% respectively over the 2022-2030 period. is estimated at US$347 Million in the year 2022. The Photoelectric Sensors market in the U.S. Market is Estimated at $347 Million, While China is Forecast to Grow at 7.6% CAGR Taking into account the ongoing post pandemic recovery, growth in the Through-Beam segment is readjusted to a revised 6.4% CAGR for the next 8-year period. ![]() Retroreflective, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$1.3 Billion by the end of the analysis period. The global market for Photoelectric Sensors estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$2.6 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2022-2030. ![]()
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