PHOTOELECTRIC AND PHOTOINTERRUPTER SENSORS DRIVE NORTH AMERICAN PROXIMITY SENSOR MARKET GROWTH

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PHOTOELECTRIC AND PHOTOINTERRUPTER SENSORS DRIVE NORTH AMERICAN PROXIMITY SENSOR MARKET GROWTH
01 June 2005 - Venture Development Corporation

According to a recent report from Venture Development Corporation, growth in demand for photoelectric and photointerrupter sensors will be the largest contributor to the overall growth in the North American proximity and photoelectric sensor market. VDC forecasts a combined compound annual growth rate of 5.8% for the two sensor types through 2007, compared to an overall North American growth rate forecast of 4.7%. Currently, the markets for photoelectric and photointerrupter sensors comprise 41% of the $617.2 million market, the largest share of the overall 2004 North American proximity and photoelectric sensor market.

The largest industry shares of the 2004 photoelectric sensor shipments were for use in material handling, packaging equipment and electronics/semiconductor manufacturing equipment applications. Office automation equipment applications accounted for nearly half of 2004 shipments of the photointerrupter sensors.

Factors influencing the growth in demand for photointerrupter sensors, particularly in the medical equipment, food & beverage, and office automation equipment markets, include requirements for:

Non-contact detection;
Long life;
High reliability;
High precision;
High-speed response; and
Sub-miniature design;

Photointerrupter sensors, also referred to as 'photomicro sensors' by some vendors, were previously included within the photoelectric sensor segment in VDC's previous studies of this market, but were segmented out of this category due to the sensor's growing demand. Currently, only a small number of vendors supply photointerrupter sensors to the North American market, with Optek Technology accounting for the largest share. Additional vendors are expected to enter this space in coming years as growth in optical proximity sensor continues.

http://www.vdc-corp.com

About: Venture Development Corporation
Venture Development Corporation (VDC) is an independent technology market research and strategy consulting firm that specializes in a number of industrial, embedded, defense and niche enterprise IT markets. VDC has been operating since 1971, when graduates of the Harvard Business School and Massachusetts Institute of Technology founded the firm. Today, we employ a talented collection of analysts and consultants who offer a rare combination of expertise in the market research process; experience in technology product and program management, and formal training in engineering and marketing. VDC's clients include thousands of the largest and fastest growing tech suppliers in the world and the most successful investors participating in the markets we cover.

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