According to the latest report by IMARC Group, titled, “Laser Sensor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global laser sensor market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% during 2021-2026.
A laser sensor is an electrical device used for identifying the precise location of objects. It is a self-contained, pinpoint laser source that emits light in a straight line, which is reflected into the receiver for contactless measurement. Some commonly available laser sensors include charge-coupled devices (CCD), complementary metal-oxide-semiconductor (CMOS), photoelectric sensors, position-sensitive detectors, etc. Laser sensors offer high reliability, accuracy, sensitivity, control with minimal deviation, etc. Consequently, they are widely utilized for stamping, engraving, and various manufacturing applications, including laser manufacturing, material processing, micromachining, etc. Laser sensors also aid in material height and thickness measurement, weld gap detection, crane positioning, etc.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Laser Sensor Market Trends:
The increasing requirement for automation across different industries, such as manufacturing, construction, aviation, etc., is among the primary factors driving the laser sensor market. Besides this, the elevating product utilization for manufacturing, plant automation and management, security, motion and guidance, surveillance, etc., is acting as another significant growth-inducing factor. Moreover, the escalating adoption of miniaturized sensors is further catalyzing the market growth. In line with this, laser sensors are also being installed in the Light Detection and Ranging (LIDAR) systems of automobiles to detect objects and map distances, which are propelling the product demand. Furthermore, several technological advancements, including the integration of laser sensors with artificial intelligence (AI) and Industrial Internet of Things (IIoT) solutions, are augmenting the global market. In the coming years, the rising product applications in the food and beverage industry for screening assembly lines and maintaining food standards are anticipated to stimulate the laser sensor market.
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Laser Sensor Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Baumer Electric AG, First Sensor AG (TE Connectivity Ltd.), IFM Electronic GmbH, Keyence Corporation, Laser Technology Inc., Micro-Epsilon Messtechnik GmbH & Co. KG, MTI Instruments Inc. (Mechanical Technology Incorporated), OMRON Corporation, Optex Co. Ltd., Panasonic Corporation, Rockwell Automation Inc., Schmitt Industries Inc and SmartRay GmbH.
The report has segmented the market on the basis on type, deployment, application and vertical.
Breakup by Type:
- Compact
- Ultra-Compact
Breakup by Component:
- Hardware and Software
- Services
Breakup by Application:
- Security and Surveillance
- Motion and Guidance
- Process Monitoring and Quality Control
- Distance Measurement
- Manufacturing Plant Management
- Others
Breakup by End User:
- Automotive
- Aerospace and Defense
- Food and Beverages
- Consumer Electronics
- Chemical
- Healthcare
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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