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Laser Sensor Market Size 2024: Global Share, Industry And Report Analysis By 2031 | Encyclopedia.com General Interface Solution (GIS) Holding Ltd. HannStar Display Corporation

11-19-2024 08:17 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Laser Sensor Market

Laser Sensor Market

Laser sensor market is anticipated to grow at a significant CAGR of 9.3% during the forecast period. The growing automation in end-user industries such as aviation, manufacturing, food & beverages, and automotive among others is a key factor driving the growth of the global laser sensor market. Laser distance sensors are intended for non-contact distance measurements: laser gauges for ranges up to 10 meters, laser distance sensors for ranges up to 3,000 meters. These sensors are commonly used in machine building and handling equipment for location and type classification.

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The growing trend of autonomous vehicle has fuelled the demand for laser sensors in automotive sector. Autonomous cars use other sensors to see, notably radars and cameras, but laser vision is hard to match. Radars are reliable, however they lack the resolution required to detect things such as arms and legs. Cameras provide the detail, however it is necessary to use machine-learning-powered algorithms to translate 2-D photos into 3-D knowledge. In contrast, LiDAR provides hard, computer-friendly data in the form of precise measurements.

full report of Laser Sensor Market available @ https://www.omrglobal.com/industry-reports/laser-sensor-market

• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Laser Sensor Market Report Segment
By Component
• Hardware & Software
• Services

By End-User Vertical
• Electronics Manufacturing
• Aviation
• Construction
• Automotive
• Others (Chemical, Healthcare)

Global Laser Sensor Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global laser sensor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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