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Laser Sensor Market 2021 Size, Share, and Growth Rate till 2030 | Emergen Research
Laser Sensor Market
Through laser technology, government initiatives focus on downsizing of sensor technologies and extensive IoT integration to monitor processes virtually, which are expected to open up new avenues for laser sensor business. For example, Food and Drug Administration (FDA) approved LLT100 laser level transmitter sensor made with polycarbonate and stainless steel. It is a level-measuring device without contact, which was created for industrial applications and hostile settings.
Moreover, the laser sensors market is growing as a result of increased use of laser sensors in automation and manufacturing industries for tasks, such as distance measurement, displacement, position, thickness, engraving unique logos, identification marks, and barcodes, on various items to prevent counterfeiting.
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However, high cost of laser sensors compared to conventional sensors due to advanced technologies is hampering revenue growth of the market.
Some Key Highlights From the Report
The ultra-compact laser sensors segment accounted for a significant revenue share in 2021. These sensors are user-friendly and have integrated controllers, making it possible to install them in machinery, plants, and other tight spaces. This sensor's lightweight makes it suited for high acceleration applications such as robot grippers or commercial printers. Ultra-compact laser sensors are also perfect for taking exact measurements of displacement, distance, and position in a wide range of automation-related applications, including machine construction and 3D printing, which is expected to drive revenue growth of this segment.
The consumer electronics segment is expected to register a rapid revenue CAGR during the forecast period. Smartphones, tablets, and AI-assisted devices are all growing quickly in the consumer electronics market, which is expected to drive revenue growth of this segment.
The North America market accounted for largest revenue share in 2021. Rising demand for advanced and compact laser sensors from the aerospace & defense industry is contributing to revenue growth of the market in this region.
Some major companies in the global market report include Micro-Epsilon, Keyence Corporation, MTI Instruments Inc., Rockwell Automation, Inc., Optex Co., LTD., SmartRay GmbH, Schmitt Industries Inc., LAP GmbH Laser Applikationen, Laser Technology, Inc., Balluff Automation India Pvt. Ltd., and OMRON Corporation.
On 01 June 2020, SPL S1L90A and SPL S4L90A lasers from Osram Opto Semiconductors are now available from Mouser Electronics, Inc., the industry's top New Product Introduction (NPI) distributor with largest assortment of semiconductors and electronic components. High-power infrared SMT components have a laser wavelength of 905 nm, making them appropriate for use in Light Detection and Ranging (LiDAR) applications and autonomous cars.
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Emergen Research has segmented the global laser sensor market based on type, size, component, application, end-user, and region:
Type Outlook (Revenue, USD Million; 2019-2030)
Laser Distance Sensors
Displacement Sensors
Laser Projectors
Laser Photoelectric Sensors
Laser Edge Detection Sensors
Positioning Lasers
Others
Size Outlook (Revenue, USD Million; 2019-2030)
Compact
Ultra-compact
Component Outlook (Revenue, USD Million; 2019-2030)
Hardware
Software & Services
Application Outlook (Revenue, USD Million; 2019-2030)
Process Monitoring
Security and Surveillance
Quality Control
Motion and Guidance
Manufacturing Plant Management
Distance Measurement
Others
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End-use Outlook (Revenue, USD Million; 2019-2030)
Aerospace & Defense
Consumer Electronics
Automotive
Food & Beverages
Healthcare
Chemical
Others
Regional Outlook (Revenue, USD Million; 2019-2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle East & Africa
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The report addresses the following key points:
The report estimates the expected market size from 2020-2027
The report provides a forecast of market drivers, restraints, and future opportunities for the Laser Sensor market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
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