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The Europe Photoelectric Sensors Market would witness market growth of 4.6% CAGR during the forecast period (2017 - 2023). Growing military expenditure in developed and developing regions would contribute to the market expansion. The photoelectric sensors are majorly used in military and aerospace sectors to detect biological agents and safeguard military bases and common public.
Several automotive applications incorporate the sensors to enable advanced electronic power steering systems, detect automobiles in parking lots, and also to detect shiny objects. Cheaper cost of manufacturing of photoelectric sensor and mandatory emission regulations are the factors that have led to the increased use of the technology in the automotive industry.
Based on Technology, the market report segments the market into Retro-reflective, Diffused, and Others. Based on Application, the Photoelectric Sensors market segments the market into Automotive, Packaging, Electronic & Semiconductor, Military & Aerospace, and Others. Based on Countries, the Photoelectric Sensors market segments the market into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the Europe Photoelectric Sensors Market. Key companies profiled in the report include Omron Corporation, Panasonic Corporation, Rockwell Automation, Inc., Eaton Corporation Plc., Keyence Corporation, Schneider Electric SE, Autonics Corporation, SICK AG,Balluff GmbH, and IFM Electronic GmbH.