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With 10.09% CAGR, Global Laser Sensor Market Size Worth USD 1,553.8 Million in 2030

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With 10.09% CAGR, Global Laser Sensor Market Size Worth USD 1,553.8 Million in 2030

September 12
22:42 2022
With 10.09% CAGR, Global Laser Sensor Market Size Worth USD 1,553.8 Million in 2030
Emergen Research | Laser Sensor Market
Market Size – USD 652.2 Million in 2021, Market Growth – at a CAGR of 10.09%, Market Trends – Increasing demand for advanced laser sensors from the aerospace & defense industry

The global laser sensor market size was USD 652.2 Million in 2021 and is expected to register a revenue CAGR of 10.09% during the forecast period, according to the latest analysis by Emergen Research. Growing advancements in laser sensor technologies and increasing demand for laser sensors in the food & beverages industry are major factors projected to support market revenue growth between 2021 and 2030. The food & beverage industry uses a wider spectrum of laser sensors to measure natural items in three dimensions and analyze surface of processed products. 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.

The Global Laser Sensor Market report presents comprehensive information covering insightful data for businesses and investors for the time period of 2022-2030. The report studies the historical data of the Laser Sensor market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Laser Sensor industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Laser Sensor market.

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Top competitors of the Laser Sensor Market profiled in the 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.

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.
  • 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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The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.

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
  • End-use Outlook (Revenue, USD Million; 2019–2030)
    • Aerospace & Defense
    • Consumer Electronics
    • Automotive
    • Food & Beverages
    • Healthcare
    • Chemical
    • Others

Regional Analysis of the Laser Sensor Market:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

 

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Market Overview:

The research report on the Laser Sensor market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Laser Sensor business sphere.

Key Objectives of the Report:

  • Analysis and estimation of the Laser Sensor market size and share for the projected period of 2022-2030
  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Laser Sensor market
  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

 

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Thank you for reading our report. Please connect with us to know more about the report or the customization of the report. Our team will ensure the report is best suited to meet your requirements.

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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Website: https://www.emergenresearch.com/industry-report/laser-sensor-market

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