The global photoelectric sensors market, valued at over US$ 1.6 Bn in 2021, is poised for strong expansion over the next decade. According to industry analysts, the market is projected to grow at a CAGR of 7.6% from 2022 to 2031, surpassing US$ 3.4 Bn by the end of the forecast period. The increasing integration of automation in industrial processes, logistics, and packaging particularly across...

The global photoelectric sensors market, valued at over US$ 1.6 Bn in 2021, is poised for strong expansion over the next decade. According to industry analysts, the market is projected to grow at a CAGR of 7.6% from 2022 to 2031, surpassing US$ 3.4 Bn by the end of the forecast period. The increasing integration of automation in industrial processes, logistics, and packaging particularly across...