Significant Growth in the Photoelectric Sensor Market
July 27, 2021 at 13:18 PM EDT
Northbrook, IL -- (SBWIRE) -- 07/27/2021 -- The photoelectric sensor market size is projected to reach USD 2.1 billion by 2025 from an estimated USD 1.5 billion in 2020, at a CAGR of 7.8% from 2020 to 2025. Extensive use of photoelectric sensors in different industries increased the adoption of retroreflective photoelectric sensors in various applications, and surged adoption of industrial robots across several regions are among the factors driving the growth of the photoelectric sensor market.
