Growth in Smart Manufacturing Boosts Photoelectric Sensor Market Outlook
The global photoelectric sensor market continues to grow rapidly, reflecting strong demand across industrial and commercial applications. In 2023, the market was valued at USD 2,130.0 million, and it is projected to reach USD 3,405.3 million by 2031, expanding at a CAGR of 6.12% from 2024 to 2031. This growth trajectory is attributed to the rising adoption of smart manufacturing, increased...
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