The latest report by IMARC Group, titled “Laser Sensor Market Report by Type (Compact, Ultra-Compact), Component (Hardware and Software, Services), Application (Security and Surveillance, Motion and Guidance, Process Monitoring and Quality Control, Distance Measurement, Manufacturing Plant Management, and Others), End User (Automotive, Aerospace and Defense, Food and Beverages, Consumer Electronics, Chemical, Healthcare, and Others), and Region 2024-2032,” finds that the global laser sensor market size reached US$ 731.6 Million in 2023. A laser sensor is an electric device that measures value into an analog electrical signal for sensing the accurate location of objects. Some commonly available laser sensors are complementary metal-oxide semiconductors (CMOS), photoelectric sensors, positive sensitive detectors (PSD), distance sensors, displacement sensors, laser edge detection sensors, and charge-coupled devices (CCD). They offer various advantages, such as high reliability, lightness, accuracy, sensitivity, and control with minimal deviation. They are also used for engraving, stamping, and several manufacturing applications, such as 3D imaging, sensing, material processing, laser manufacturing, and micromachining. As a result, laser sensors find extensive applications across automotive, aviation, food and beverage (F&B), healthcare, chemical, and electronics industries.
Global Laser Sensor Market Trends:
The market is primarily driven by the expanding automotive industry. Laser sensors are installed in automobile light detection and ranging (LIDAR) systems to detect objects and map distances. Moreover, the increasing adoption of automation technology to replace an aging workforce and outdated technologies is providing a positive thrust to market growth. Besides this, laser sensors are widely used for plant management, security, surveillance, automation, motion, and guidance. Along with this, various technological advancements, such as the integration of laser sensors with artificial intelligence (AI) solutions and the Industrial Internet of Things (IIoT), are acting as other growth-inducing factors. These innovative sensors are widely used in the food and beverage (F&B) industry for screening assembly lines and maintaining consistent food standards for processed food products. Other factors, including the rising adoption of smart manufacturing practices, and rapid industrialization, are also anticipated to propel market growth in the coming years. Looking forward, IMARC Group expects the market value to reach US$ 1,630.8 Million by 2032, exhibiting a CAGR of 8.8% during the forecast period (2024-2032).
Market Summary:
- Based on the type, the market has been bifurcated into compact and ultra-compact.
- On the basis of the component, the market has been classified into hardware and software, and services.
- Based on the application, the market has been segregated into security and surveillance, motion and guidance, process monitoring and quality control, distance measurement, manufacturing plant management, and others.
- On the basis of the end user, the market has been segmented into automotive, aerospace and defense, food and beverages (F&B), consumer electronics, chemical, healthcare, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
- The competitive landscape of the industry has also been examined in the report, with some of the key players being Baumer Electric AG, First Sensor AG (TE Connectivity Ltd.), IFM Electronic GmbH, Keyence Corporation, Laser Technology Inc., Micro-Epsilon Messtechnik GmbH & Co. KG, MTI Instruments Inc. (Mechanical Technology Incorporated), OMRON Corporation, Optex Co. Ltd., Panasonic Corporation, Rockwell Automation Inc., Schmitt Industries Inc, and SmartRay GmbH.
Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Segment Coverage |
Type, Component, Application, End User, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Baumer Electric AG, First Sensor AG (TE Connectivity Ltd.), IFM Electronic GmbH, Keyence Corporation, Laser Technology Inc., Micro-Epsilon Messtechnik GmbH & Co. KG, MTI Instruments Inc. (Mechanical Technology Incorporated), OMRON Corporation, Optex Co. Ltd., Panasonic Corporation, Rockwell Automation Inc., Schmitt Industries Inc and SmartRay GmbH |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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