A photoelectric sensor, or photo eye, is an equipment used to discover the distance, absence, or presence of an object by using a light transmitter, often infrared, and a photoelectric receiver. They are largely used in industrial manufacturing. There are three different useful types: opposed (through beam), retro-reflective, and proximity-sensing (diffused).
In the industry, OMRON profits most in 2019 and recent years, while Panasonic and SICK ranked 2 and 3.The market share of them is 23.52%, 14.88% and 13.51% in 2019.The gap of market share is keep on enlarged due to different strategy.

Market Analysis and Insights: Global and Japan Photoelectric Sensors Market
This report focuses on global and Japan Photoelectric Sensors market.
In 2020, the global Photoelectric Sensors market size was US$ 1538.1 million and it is expected to reach US$ 2207.9 million by the end of 2027, with a CAGR of 5.3% during 2021-2027. In Japan the Photoelectric Sensors market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Photoelectric Sensors Scope and Market Size
Photoelectric Sensors market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Photoelectric Sensors market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For Japan market, this report focuses on the Photoelectric Sensors market size by players, by Type, and by Downstream Industry, for the period 2016-2027. The key players include the global and local players which play important roles in Japan.

Segment by Type
Reflective Photoelectric Sensors
Diffuse Photoelectric Sensors
Through Beam Photoelectric Sensors

Segment by Downstream Industry
Food & Beverage
Automotive
Equipment Manufacturing
Pharmaceutical Industry
Electronic Industry
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
OMRON
Panasonic
SICK
Keyence
Rockwell Automation
Balluff
Optex
Baumer
Pepperl+Fuchs
TAKEX
Wenglor
Schneider Electric
Banner
Hans Turck
Leuze Electronic
Tri-Tronics
Di-soric
Autonics
RiKO
F&C Sensing Technology
Shenzhen Dokai