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| [November 15, 2012] |
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Research and Markets: Global Photoelectric Sensor Market 2011-2015 Report with Banner Engineering Corp., ifm Efector Inc., OMRON Corp., and Sick AG Dominating
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/kdxjpd/global)
has announced the addition of the "Global
Photoelectric Sensor Market 2011-2015" report to their offering.
TechNavio's analysts forecast the Global Photoelectric Sensor market to
grow at a CAGR of 1.87 percent over the period 2011-2015. One of the key
factors contributing to this market growth is the increasing focus on
automation. The Global Photoelectric Sensor market has also been
witnessing the increasing adoption ofphotoelectric sensors in Defense
and IT sectors. However, the recession in the economy could pose a
challenge to the growth of this market.
Key vendors dominating this space include Banner Engineering Corp., ifm
Efector Inc., OMRON Corp., and Sick AG.
Other vendors mentioned in the report are Balluff GmbH, Baumer Electric,
Pepperl+Fuchs, and Schneider Electric (News - Alert) S.A.
Commenting on the report, an analyst from TechNavio's Hardware team
said: ''In addition to the major sectors such as Aerospace, Healthcare,
Consumer Electronics, and Automotive, there has been an increase in the
adoption of photoelectric sensors in the Defense and IT sectors.''
According to the report, photoelectric sensors are being increasingly
deployed in factories to detect and control the movement of products
during various manufacturing processes. As a result, the growing need
for automation will in turn increase the demand for photoelectric
sensors.
Further, the report discusses that one of the main challenges is the
diminishing demand for photoelectric sensors owing to the economic
recession.
For more information visit http://www.researchandmarkets.com/research/kdxjpd/global
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