Laser Sensor Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

The global laser sensor market is anticipated to grow at a significant CAGR of 9.3% during the forecast period (2023-2030). The laser sensors have a wide range of applications such as motion and guidance, quality control, security and surveillance, manufacturing plant management, distance measurement, and process monitoring among others. The growing demand for laser sensors for these applications from the end-user verticals such as automotive industry, electronics industry, aviation industry, and construction among others is a key factor driving the growth of the global laser sensor market. For example, in automotive industry laser sensors are used for non-contact measurement principles ideal for measuring fast-moving parts, delicate parts that may be damaged by other methods such as paint or plastic, or high temperature parts such as engine components.

In food & beverage industry, laser sensors are used for cleaning purpose, heat exchanger, and inventory management among other applications. To cater demand for food & beverage industry specific laser sensor, several key players serving in the market are focusing new product developments. For instance, in October 2019, Micro-Epsilon launched a new IP69K-protected series of laser sensors that are suitable for measuring displacement, distance and position in demanding environments, including food and beverage processing and other harsh process manufacturing applications. The new optoNCDT 1402SC sensor series have a stainless steel enclosure that provides class IP69K protection. The sensor is resistant to high-pressure jet washing, as well as providing resistance to aggressive cleaning chemicals, detergents and disinfectants, including hydrogen peroxide and other alkaline- or chlorine-based cleaning agents.

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Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

· By Component

· By End-User Vertical

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- Keyence Corp., Baumer Electric AG, SmartRay GmbH, Micro-Epsilon Messtechnik GmbH & Co. KG, and IFM Electronics GmbH among others.

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Laser Sensor Market Report Segment

By Component

· Hardware & Software

· Services

By End-User Vertical

· Electronics Manufacturing

· Aviation

· Construction

· Automotive

· Others (Chemical, Healthcare)

Laser Sensor Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

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