Laser Displacement Sensor Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the Laser Displacement Sensor market including various factors related to and dependent influencing the market growth.
Laser displacement sensors and meters are comprised of a light-emitting element and a position sensitive detector (PSD) and detect targets using triangulation. A semiconductor laser is used as the light emitting element. A lens focuses the beam on the target. The target reflects the beam back through the lens where it is focused on the position-sensitive detector (PSD), forming a beam spot. The beam spot moves as the target moves. Displacement can be determined by detecting the movement of the beam spot.
The laser displacement sensor market is predicted to witness an exponential growth in the forthcoming years on the back of rising trend of industrial automation along with cost saving practices in quality control. This is leading laser displacement sensors to find application across a number of application areas such as robotics, machine tools, and material handling among others.
Apart from this, rising use of laser displacement sensors in consumer electronics and automotive sectors coupled with their rising demand from other industries is immensely benefitting the laser displacement sensor market, globally. At present, in the foreign industrial developed countries the laser displacement sensor industry is generally at a more advanced level, the worlds large enterprises are mainly concentrated in Europe, USA and Japan. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, the technical level is in a leading position.
In terms of volume, the global laser displacement sensor industry reached a sales volume of approximately 701.36 K Units in 2016, and is expected to reach 1243.2 K Units in 2022.
KEYENCE, SICK and Panasonic captured the top three sales share spots in the laser displacement sensor market in 2016. KEYENCE dominated with 24.46% sales share, followed by SICK with 121.06% sales share and Panasonic with 11.21% sales share.
There are major three classification of laser displacement sensor in this report, the measurement range of displacement sensor 300mm. Globally, the sales volume share of each type of laser displacement sensor is 19.46%, 36.93% and 43.61% respectively in 2016. The segment of more than 300mm range laser displacement sensors holds the leading market share amongst all segments based on range. This is because of an extensive number of sensors that are available in this segment.
Geography-wise, Asia Pacific is likely to exhibit the leading growth rate amongst all key regional markets for laser displacement sensor. The growth in the region is driven by the presence of a large number of manufacturing units in countries such as China, Japan, India, and South Korea. Asia Pacific is the largest consumption region of laser displacement sensor, with a consumption market share nearly 39.65% in 2016. The second place is North America; following Asia Pacific with the consumption market share over 26.83 % in 2016.
The Laser Displacement Sensor market was valued at 2140 Million US$ in 2020 and is projected to reach 4100 Million US$ by 2030, at a CAGR of 8.5% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Laser Displacement Sensor.
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global Laser Displacement Sensor market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the Laser Displacement Sensor market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The Laser Displacement Sensor market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the Laser Displacement Sensor Market:
The major competitors working in the market are:
, SICK, KEYENCE, Panasonic, COGNEX, Turck, OMRON, ELAG, Micro-Epsilon, Acuity, MTI Instruments, BANNER, OPTEX, SENSOPART, ZSY, Sunny Optical
Market by Order Type
300mm
Laser Displacement Sensor Data by Application
Automotive Industry
Aerospace & Military Industry
Industrial Manufacturing
Electronics and Photovoltaic Industry
Others
Laser Displacement Sensor Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
The information about the Laser Displacement Sensor market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of Laser Displacement Sensor Market Report:
- To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
- To provide an in-depth analysis of the Laser Displacement Sensor market with information on various segment and sub-segments
- To provide a regional analysis and global analysis for the Laser Displacement Sensor market size and their forecasts
- To provide strategic profiles of the key players operating in the Laser Displacement Sensor market, their key competencies, and market competition
- To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
- The impact of COVID-19 pandemic on the Laser Displacement Sensor market
Target Audiences for Laser Displacement Sensor Market:
- Investors
- Investment Bankers
- Key Consulting Companies and Advisors
- Venture Capitalists
- Large, Medium-sized, and Small enterprises
Customization:
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