BANNER ENGINEERING CORP.

Company Snapshot

Founded: 1966
Entity Type: Private
Region: U.S.
Headquarter: Minnesota, U.S.
Key Geographics: U.S.
Corporate Address: 9714 Tenth Avenue North Minneapolis, Minnesota 55441 U.S. 91-80-471-66460 www.bannerengineering.com

Company Overview

Banner Engineering designs, manufactures, and distributes process automation and industrial automation solutions for Fortune 500 companies. It offers miniature and compact photoelectric, midsize and full-size photoelectric, laser, ultrasonic, fiber optic, clear object detection, part-sensing, measuring array, slot, temperature, radar, light gauging, true color, registration mark, IO-Link, and luminescence sensors, as well as barcode readers, analog output products, optical touch buttons, vehicle detection products, intrinsically safe products, remote amplifiers, high-pressure and wash-down rated products, and sensor accessories.

The company also provides machine safety products, such as safety light curtains, safety laser scanners, safety interlock switches, two-hand controls, safety controllers and modules, emergency stop and stop control products, and machine safety accessories. It offers products through representatives and distributors to agriculture, assembly and manufacturing, automotive, car wash, food and beverage, material handling, packaging, pharmaceutical and medical, port machinery, semiconductor, electronics, and traffic and parking industries worldwide.

Banner Engineering’s primary business is to develop and sell sensors and vision sensors to its customers across the globe. Catering to the market, it offers a wide range of fiber optics and compatible fiber optic amplifiers in the fiber optics ecosystem.

BANNER ENGINEERING CORP. In Reports

Fiber Optic Sensors: Global Markets

BCC Research Market Analyst says global market for fiber optic sensors was valued at $3.2 billion in 2023. The market is anticipated to grow from $3.5 billion in 2024 to $5.5 billion by 2029.

Wireless Sensors: Technologies and Global Markets

BCC Research Market Report says global wireless sensors market should reach $32.4 billion by 2028 from $12.3 billion in 2023 at a compound annual growth rate of 21.4%.

Photonic Sensors and Detectors: Technologies and Global Markets

BCC Research Market Report says photonic sensors and detectors is estimated to increase from $36.6 bln in 2022 to reach $60.5 bln by 2027 at a CAGR of 10.6%.

Company's Business Segments

  • Products and Solutions : The company generates revenue from products and technology in several categories, such as Measurement Solutions, Lighting and Indication, Machine Safety, Sensors, Industrial Wireless, Remote I/O, Connectivity Technology, Monitoring Solutions.

Applications/End User Industries

  • Food
  • Automotive
  • Beverage
  • Packaging
  • Electronics
  • Semiconductor
  • Agriculture
  • Pharmaceuitcals
  • Medical
  • Material Handling and Logistics
  • Assembly and Robotics
  • Traffic and Parking
  • Mobile and Port Equipment
  • Airports and Baggage Handling