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Published on : Jun 15, 2016

ALBANY, New York, June 15, 2016: A new report, titled ‘Photoelectric Sensors Market (By Technology - Retro-reflective, Diffuse and Through Beam, By Type - Proximity photoelectric sensor, Fiber optic photoelectric sensor and Others, By Application - Parking facilities, Elevators, Building Automation, Semiconductor Device, Packaging machines and Others ) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024,’ featured on ResearchMoz.us states that the global market is predicted to expand at a rapid pace in the years to come. The growing application of photoelectric sensors in various industries such as construction, automotive, and food and beverages is expected to benefit the global market.

New technologies are helping sensors to become easier to integrate and more robust. Whether manual, fully automatic, or semi-automatic, every assembly system uses some kind of sensors for error-proofing, production monitoring, or for inspection. Advancements in technologies have made sensors more accurate, smaller, and more effective. Among the many sensors available in the market, the demand for photoelectric sensors is rising at a fast pace. Photoelectric sensors detect the color, shape, and distance of a target. 

Photoelectric sensors are position sensors, which use light emitting diodes as the source of light. These position sensors comprise a light transmitter and a receiver. The sensor transmitter emits light to the target which then gets reflected. The photoelectric receiver then receives the light beam, thus activating the sensor output. 

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Over the past few years, there has been an increase in the application of photoelectric sensors in the construction and automotive industry. Industrial automation is expected to create many growth opportunities in the global photoelectric sensors market throughout the forecast period. Nowadays, photoelectric sensors are used in parking facilities to detect the positioning of vehicles at multi-level parking spaces. Attributes such as the easy installation of the reflective photoelectric sensors and their high consistency are expected to boost the demand for photoelectric sensors market in the near future. The capacity of these sensors to detect objects even with small reflectors make them especially useful. 

Proximity and fiber optic are two of the most widely used photoelectric sensors. Even though the global photoelectric sensors market is set for rapid expansion, the market is anticipated to face certain challenges in the near future. The high cost of fiber optic sensors could restrict the growth of the global photoelectric sensors market. Fiber optic photoelectric sensors are primarily used in critical conditions such as extreme heat or in corrosive and hazardous explosive environments. Even though fiber-optic photoelectric sensors can be positioned precisely and are flexible, their demand is low owing to their high cost. 

The global photoelectric sensors market is segmented on the basis of technology, application, type, and region. Elevators, parking facilities, building automation, packaging machines, and semiconductor devices are some of the applications where photoelectric sensors are used. By technology, the global photoelectric sensors market is classified into diffuse, retro-reflective, and through beam. 

Leading players such as Rockwell Automation Inc. (U.S), Avago Corporation (Singapore), Baumer Group (Switzerland), Eaton Corporation PLC (Ireland), and IFM Electronic Ltd. (Germany) operate across various geographies including North America, Asia Pacific, Europe, and Rest of the World. These leading players are profiled in the report. 

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