PUBLISHER: IMARC | PRODUCT CODE: 1390649
PUBLISHER: IMARC | PRODUCT CODE: 1390649
The global laser sensor market size reached US$ 663.0 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,197.2 Million by 2028, exhibiting a growth rate (CAGR) of 10.35% during 2022-2028.
A laser sensor is an electrical device used for sensing the precise location of objects. It is a self-contained, pinpoint laser emitter that produces light in a straight line, which is reflected into the receiver for contactless measurement. Some commonly available laser sensors include charge-coupled devices (CCD), complementary metal-oxide semiconductor (CMOS), photoelectric sensors and positive sensitive detectors. Laser sensors offer various benefits, including high reliability, accuracy, sensitivity and control with minimal deviation. They are used for stamping, engraving and various manufacturing applications, such as laser manufacturing, 3D imaging and sensing, material processing and micromachining. They also find extensive application for material height and thickness measurement, weld gap detection, train and railroad inspection and crane positioning.
The increasing requirement for automation across industries, such as manufacturing, aviation, construction and automotive, is one of the key factors driving the growth of the market. Laser sensors are widely used for manufacturing plant automation and management, security, surveillance and motion and guidance. Moreover, the widespread adoption of miniaturized sensors is providing a thrust to the market growth. For instance, laser sensors are installed in the Light Detection and Ranging (LIDAR) systems of automobiles for the detection of objects and mapping the distances. Additionally, various technological advancements, such as the integration of laser sensors with the Industrial Internet of Things (IIoT) and artificial intelligence (AI) solutions, are acting as other growth-inducing factors. These innovative sensors are widely used in the food and beverage industry for screening assembly lines and maintaining consistent food standards of processed food products. Other factors, including the increasing adoption of smart manufacturing practices, along with rapid industrialization, especially in the developing economies, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global laser sensor market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, component, application and end user.
Compact
Ultra-Compact
Hardware and Software
Services
Security and Surveillance
Motion and Guidance
Process Monitoring and Quality Control
Distance Measurement
Manufacturing Plant Management
Others
Automotive
Aerospace and Defense
Food and Beverages
Consumer Electronics
Chemical
Healthcare
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles 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.