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Photointerrupter Market

Photointerrupter Market

Global Industry Analysis (2018 - 2021) - Growth Trends and Market Forecast (2022 - 2029)

Published Date: Upcoming | Format:

Industry: Information & Communications Technology | Author Name: Mohit


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Increasing Use of Gallium Arsenide Infrared LEDs to Fuel Photointerrupter Market Growth

Photointerrupters are increasingly being used in a variety of industries, including industrial equipment, office equipment, home appliances, and consumer electronics. Various trade shows and expos have also assisted photointerrupter manufacturing companies in expanding their customer base and significantly contributing to the growth of global photointerrupter market. The Photointerrupters industry sold 1104 M pieces in 2018 and is expected to reach 1976 M pieces by 2025. Photointerrupter detects light blockage when a target object comes between both elements, acting as an optical switch. Gallium Arsenide Infrared LEDs are the most used light sources in photointerrupters. Shielded NPN silicon phototransistors are the most used detection elements. The increasing use of gallium arsenide infrared LED in night vision cameras is the primary market driver. For instance, gallium arsenide infrared LEDs with wavelengths of 940nm are widely used in remote controllers, while gallium arsenide infrared LEDs with wavelengths of 808nm are widely used in medical treatment appliances and space optical communication.

Some photointerrupters have optical encoding, which allows them to detect direction and speed. Its applications have grown exponentially in combination with the rise of industrial automation, which is driving its market. The global industrial automation market has grown from US$175 Bn in 2020 to US$190 Bn in 2021.

Technological Advancements, and Boom Around Digital Photography Foster Adoption  

Camera category is expected to dominate the global photointerrupter market. Recent technological advancements, as well as the growing number of digital photography platforms and social media platforms, have given the market vendors new hope. The primary reason is that multiple product launches with feature upgrades in recent years, as well as newer payment methods such as camera services, are expected to aid global growth. Furthermore, as emerging markets such as India increase their investment in the photography market, many of these companies have begun to target them. Smartphones with high-quality compact cameras are linked to the Internet; and it became very easy for users to share those pictures on social media right away.

Enhanced Electronics Industry in Asia Pacific Drives Growth of Photointerrupter Market

Asia-Pacific is expected to grow at a significant share over the forecast period due to strong government support and a large consumer of electronics industry. The market has grown due to widespread acceptance of infrared detectors in a variety of applications such as security, consumer electronics, and smart homes. The industry has been accelerated by the presence of several prominent players. Moreover, increased adoption of autonomous vehicles equipped with infrared sensors for use in night vision systems, among other applications, as well as rising demand for security devices that enable thermal imaging, particularly in foggy conditions, to spot targets or terror activities, are major factors driving the infrared sensors, in turn photointerrupter market.

The technological advances in developing countries such as China, Japan, and South Korea, the region is also the largest producer and consumer of consumer electronics. Increased Internet of Things (IoT) penetration and rising consumer preference for better energy management systems are driving demand for smart home automation technology, which in turn drives demand for photointerrupters. Many businesses in this region are investing in research and development to create infrared sensors that could lead to advancements in the packaging industry. For example, Yokogawa Electric Corporation's WG51S2 infrared sensor is used to measure and control the thickness of films and sheets to ensure product quality.

Global Photointerrupter Market: Competitive Landscape

Companies in the market are launching new products while also launching collaborations, alliances, and partnership agreements. Key businesses have taken strategic steps to increase their market presence and maintain a competitive edge. Furthermore, market participants are working on product development, cooperation and partnership models, agreements, business expansion, and merger and acquisition strategies to strengthen their product portfolio and meet demand for dipropylene triamine products.

A few of the players in global photointerrupter market include Everlight Americas Inc., NTE Electronics, Inc., Isocom Components, Lite-On Technology Corporation, Rohm semiconductors, Sharp corporation, ODTECH Co. Ltd., Omron, and Shinkoh Electronics Co., Ltd.

Global Photointerrupter Market is Segmented as Below:

By Type

  • Transmissive Type
  • Reflective Type

By Application

  • Optical control equipment
  • Cameras
  • Floppy disk drives
  • Switch Scanner
  • Printers
  • Others (Non-Contact Switching, Copiers etc.)

By End-User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • South Korea
    • India
    • China
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Elements Included In The Study: Global Photointerrupter Market

  • Photointerrupter Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2018 - 2021
  • Market Value at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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Disclaimer:

  • The segmentation/company profiles/countries depicted above may vary in the actual report.

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