PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1454057
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1454057
Laser Distance Sensor Market Forecasts to 2030 - Global Analysis By Distance (Between 2 and 10 Meters, Between 8 and 100 Meters, Between 101 and 200 Meters and Between 201 and 500 Meters), Accuracy, End User and By Geography
According to Stratistics MRC, the Global Laser Distance Sensor Market is accounted for $1.40 billion in 2023 and is expected to reach $2.86 billion by 2030 growing at a CAGR of 10.8% during the forecast period. A Laser Distance Sensor (LDS) is a device that measures the distance between itself and a target object using laser technology. It emits a laser beam towards the object and measures the time it takes for the beam to reflect back to the sensor. LDS finds applications in various fields including robotics, industrial automation, navigation systems, and security. It offers precise distance measurements with high speed and accuracy, making it valuable for numerous technological applications.
Market Dynamics:
Driver:
Rising demand for IoT and smart devices
As IoT and smart devices become increasingly integrated into various sectors, such as smart homes, industrial IoT, healthcare, and retail, the need for accurate and reliable distance measurement capabilities provided by LDS becomes paramount. These sensors are integral components of IoT ecosystems, providing crucial distance measurement capabilities that enable a wide range of smart applications across various industries, thereby propelling this market further.
Restraint:
High initial costs
The lasers, detectors, optics, and signal processing circuitry used in LDSs are often complex and specialized, resulting in higher production costs. Additionally, the research and development investments required to innovate and improve these technologies contribute to the overall cost. Compliance with industry standards and regulations may necessitate additional testing and certification, further increasing the expenses that are hampering this market size.
Opportunity:
Construction and infrastructure development
In the construction industry, LDSs are utilized for tasks such as surveying, leveling, and monitoring that help construction professionals ensure that structures are built according to specifications and meet quality standards. Infrastructure development projects, such as roads, bridges, and tunnels, also benefit from LDS technology. Furthermore, they enable the precise positioning of robotic machinery, such as robotic arms and excavators, improving efficiency and reducing human errors, which is boosting market growth.
Threat:
Lack of awareness
Understanding their functionality and potential applications may require specialized knowledge or expertise, which may not be readily accessible to all potential users. Lack of exposure to success stories and case studies showcasing the benefits of LDSs further contributes to the limited awareness. In addition, the lack of awareness can be attributed to limited marketing and educational efforts, which are hindering this market expansion.
Covid-19 Impact
The COVID-19 pandemic has brought about several negative impacts on the laser distance sensor (LDS) market. The global supply chain disruptions caused by lockdowns, travel restrictions, and factory closures have adversely affected the availability of components and materials necessary for manufacturing LDS. This has directly affected the demand for LDS in applications such as surveying, layout, and quality control. Moreover, businesses may postpone or cancel projects that require LDS, leading to decreased demand and sales in the market.
The between 2 and 10 meters segment is expected to be the largest during the forecast period
The between 2 and 10 meters segment is estimated to hold the largest share. LDSs are electronic devices that employ laser technology to precisely measure distances by emitting laser beams and analyzing the reflected signals. Within the 2 to 10-meter distance range, they provide reliable distance information to enable safe and efficient vehicle operations. Additionally, they enable the detection of intrusions or unauthorized movements within a specified distance range, enhancing the security of premises and thereby boosting this segment's expansion.
The automotive and robotics segment is expected to have the highest CAGR during the forecast period
The automotive and robotics segment is anticipated to have highest CAGR during the forecast period due to a growing focus on safety standards and consumer preferences for enhanced driving experiences, which propels the adoption of LDS in the automotive sector. LDS serves as a fundamental sensing technology for navigation, mapping, and obstacle avoidance in autonomous robots. Moreover, this enables robotics applications in diverse fields such as manufacturing, logistics, agriculture, healthcare, and service robotics, which are driving this segment's growth.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to rapid industrialization, increasing automation, and technological advancements across various sectors. Countries like China, Japan, South Korea, and India are key contributors to the growth of the LDS market in the region. Moreover, LDS play a crucial role in ADAS applications, enabling features like adaptive cruise control, collision avoidance, and parking assistance, thus driving the demand for these sensors in the region.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period. In Europe, LDS finds extensive applications across industries such as automotive, aerospace, construction, and manufacturing. This region is home to some of the major players, such as Pantron Instruments GmbH, Ifm Electronic GmbH, and Keyence Corp. Furthermore, Europe's emphasis on industrial automation and Industry 4.0 initiatives further drives the demand for LDS in robotics, machinery monitoring, and quality control processes.
Key players in the market
Some of the key players in the Laser Distance Sensor Market include ifm Electronic GmbH, Keyence Corp, Sick AG, Pepperl+Fuchs SE, Baumer Holding AG, Banner Engineering Corp, Leuze electronic GmbH & Co KG, Wenglor Sensoric Electronic Devices GmbH, Jenoptik AG and Pantron Instruments GmbH.
Key Developments:
In Febuary 2023, Patron announced new AI art generator to craft the margarita of your dreams.
In January 2022, Patron has teamed up with BlockBar.com, the world's first direct to consumer NFT marketplace for wine and spirits, to launch it's first-ever NFT, unlocking a bottle of the limited-edition PATRON Chairman's Reserve.
In May 2021, Keyence has announced an enhancement to its dimensional measurement system, which it says now, delivers greater speed, accuracy, and ease of use.
Distances Covered:
- Between 2 and 10 Meters
- Between 8 and 100 Meters
- Between 101 and 200 Meters
- Between 201 and 500 Meters
Accuracy Covered:
- 1mm at 2 Sigma
- 3mm with 2 Sigma
- 5mm at 2 Sigma
End Users Covered:
- Construction
- Automotive and Robotics
- Manufacturing
- Aerospace and Defence
- Geospatial Industry
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Laser Distance Sensor Market, By Distance
- 5.1 Introduction
- 5.2 Between 2 and 10 Meters
- 5.3 Between 8 and 100 Meters
- 5.4 Between 101 and 200 Meters
- 5.5 Between 201 and 500 Meters
6 Global Laser Distance Sensor Market, By Accuracy
- 6.1 Introduction
- 6.2 1mm at 2 Sigma
- 6.3 3mm with 2 Sigma
- 6.4 5mm at 2 Sigma
7 Global Laser Distance Sensor Market, By End User
- 7.1 Introduction
- 7.2 Construction
- 7.3 Automotive and Robotics
- 7.4 Manufacturing
- 7.5 Aerospace and Defence
- 7.6 Geospatial Industry
- 7.7 Other End Users
8 Global Laser Distance Sensor Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 ifm Electronic GmbH
- 10.2 Keyence Corp
- 10.3 Sick AG
- 10.4 Pepperl+Fuchs SE
- 10.5 Baumer Holding AG
- 10.6 Banner Engineering Corp
- 10.7 Leuze electronic GmbH & Co KG
- 10.8 Wenglor Sensoric Electronic Devices GmbH
- 10.9 Jenoptik AG
- 10.10 Pantron Instruments GmbH
List of Tables
- Table 1 Global Laser Distance Sensor Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Laser Distance Sensor Market Outlook, By Distance (2021-2030) ($MN)
- Table 3 Global Laser Distance Sensor Market Outlook, By Between 2 and 10 Meters (2021-2030) ($MN)
- Table 4 Global Laser Distance Sensor Market Outlook, By Between 8 and 100 Meters (2021-2030) ($MN)
- Table 5 Global Laser Distance Sensor Market Outlook, By Between 101 and 200 Meters (2021-2030) ($MN)
- Table 6 Global Laser Distance Sensor Market Outlook, By Between 201 and 500 Meters (2021-2030) ($MN)
- Table 7 Global Laser Distance Sensor Market Outlook, By Accuracy (2021-2030) ($MN)
- Table 8 Global Laser Distance Sensor Market Outlook, By 1mm at 2 Sigma (2021-2030) ($MN)
- Table 9 Global Laser Distance Sensor Market Outlook, By 3mm with 2 Sigma (2021-2030) ($MN)
- Table 10 Global Laser Distance Sensor Market Outlook, By 5mm at 2 Sigma (2021-2030) ($MN)
- Table 11 Global Laser Distance Sensor Market Outlook, By End User (2021-2030) ($MN)
- Table 12 Global Laser Distance Sensor Market Outlook, By Construction (2021-2030) ($MN)
- Table 13 Global Laser Distance Sensor Market Outlook, By Automotive and Robotics (2021-2030) ($MN)
- Table 14 Global Laser Distance Sensor Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 15 Global Laser Distance Sensor Market Outlook, By Aerospace and Defence (2021-2030) ($MN)
- Table 16 Global Laser Distance Sensor Market Outlook, By Geospatial Industry (2021-2030) ($MN)
- Table 17 Global Laser Distance Sensor Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 18 North America Laser Distance Sensor Market Outlook, By Country (2021-2030) ($MN)
- Table 19 North America Laser Distance Sensor Market Outlook, By Distance (2021-2030) ($MN)
- Table 20 North America Laser Distance Sensor Market Outlook, By Between 2 and 10 Meters (2021-2030) ($MN)
- Table 21 North America Laser Distance Sensor Market Outlook, By Between 8 and 100 Meters (2021-2030) ($MN)
- Table 22 North America Laser Distance Sensor Market Outlook, By Between 101 and 200 Meters (2021-2030) ($MN)
- Table 23 North America Laser Distance Sensor Market Outlook, By Between 201 and 500 Meters (2021-2030) ($MN)
- Table 24 North America Laser Distance Sensor Market Outlook, By Accuracy (2021-2030) ($MN)
- Table 25 North America Laser Distance Sensor Market Outlook, By 1mm at 2 Sigma (2021-2030) ($MN)
- Table 26 North America Laser Distance Sensor Market Outlook, By 3mm with 2 Sigma (2021-2030) ($MN)
- Table 27 North America Laser Distance Sensor Market Outlook, By 5mm at 2 Sigma (2021-2030) ($MN)
- Table 28 North America Laser Distance Sensor Market Outlook, By End User (2021-2030) ($MN)
- Table 29 North America Laser Distance Sensor Market Outlook, By Construction (2021-2030) ($MN)
- Table 30 North America Laser Distance Sensor Market Outlook, By Automotive and Robotics (2021-2030) ($MN)
- Table 31 North America Laser Distance Sensor Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 32 North America Laser Distance Sensor Market Outlook, By Aerospace and Defence (2021-2030) ($MN)
- Table 33 North America Laser Distance Sensor Market Outlook, By Geospatial Industry (2021-2030) ($MN)
- Table 34 North America Laser Distance Sensor Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 35 Europe Laser Distance Sensor Market Outlook, By Country (2021-2030) ($MN)
- Table 36 Europe Laser Distance Sensor Market Outlook, By Distance (2021-2030) ($MN)
- Table 37 Europe Laser Distance Sensor Market Outlook, By Between 2 and 10 Meters (2021-2030) ($MN)
- Table 38 Europe Laser Distance Sensor Market Outlook, By Between 8 and 100 Meters (2021-2030) ($MN)
- Table 39 Europe Laser Distance Sensor Market Outlook, By Between 101 and 200 Meters (2021-2030) ($MN)
- Table 40 Europe Laser Distance Sensor Market Outlook, By Between 201 and 500 Meters (2021-2030) ($MN)
- Table 41 Europe Laser Distance Sensor Market Outlook, By Accuracy (2021-2030) ($MN)
- Table 42 Europe Laser Distance Sensor Market Outlook, By 1mm at 2 Sigma (2021-2030) ($MN)
- Table 43 Europe Laser Distance Sensor Market Outlook, By 3mm with 2 Sigma (2021-2030) ($MN)
- Table 44 Europe Laser Distance Sensor Market Outlook, By 5mm at 2 Sigma (2021-2030) ($MN)
- Table 45 Europe Laser Distance Sensor Market Outlook, By End User (2021-2030) ($MN)
- Table 46 Europe Laser Distance Sensor Market Outlook, By Construction (2021-2030) ($MN)
- Table 47 Europe Laser Distance Sensor Market Outlook, By Automotive and Robotics (2021-2030) ($MN)
- Table 48 Europe Laser Distance Sensor Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 49 Europe Laser Distance Sensor Market Outlook, By Aerospace and Defence (2021-2030) ($MN)
- Table 50 Europe Laser Distance Sensor Market Outlook, By Geospatial Industry (2021-2030) ($MN)
- Table 51 Europe Laser Distance Sensor Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 52 Asia Pacific Laser Distance Sensor Market Outlook, By Country (2021-2030) ($MN)
- Table 53 Asia Pacific Laser Distance Sensor Market Outlook, By Distance (2021-2030) ($MN)
- Table 54 Asia Pacific Laser Distance Sensor Market Outlook, By Between 2 and 10 Meters (2021-2030) ($MN)
- Table 55 Asia Pacific Laser Distance Sensor Market Outlook, By Between 8 and 100 Meters (2021-2030) ($MN)
- Table 56 Asia Pacific Laser Distance Sensor Market Outlook, By Between 101 and 200 Meters (2021-2030) ($MN)
- Table 57 Asia Pacific Laser Distance Sensor Market Outlook, By Between 201 and 500 Meters (2021-2030) ($MN)
- Table 58 Asia Pacific Laser Distance Sensor Market Outlook, By Accuracy (2021-2030) ($MN)
- Table 59 Asia Pacific Laser Distance Sensor Market Outlook, By 1mm at 2 Sigma (2021-2030) ($MN)
- Table 60 Asia Pacific Laser Distance Sensor Market Outlook, By 3mm with 2 Sigma (2021-2030) ($MN)
- Table 61 Asia Pacific Laser Distance Sensor Market Outlook, By 5mm at 2 Sigma (2021-2030) ($MN)
- Table 62 Asia Pacific Laser Distance Sensor Market Outlook, By End User (2021-2030) ($MN)
- Table 63 Asia Pacific Laser Distance Sensor Market Outlook, By Construction (2021-2030) ($MN)
- Table 64 Asia Pacific Laser Distance Sensor Market Outlook, By Automotive and Robotics (2021-2030) ($MN)
- Table 65 Asia Pacific Laser Distance Sensor Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 66 Asia Pacific Laser Distance Sensor Market Outlook, By Aerospace and Defence (2021-2030) ($MN)
- Table 67 Asia Pacific Laser Distance Sensor Market Outlook, By Geospatial Industry (2021-2030) ($MN)
- Table 68 Asia Pacific Laser Distance Sensor Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 69 South America Laser Distance Sensor Market Outlook, By Country (2021-2030) ($MN)
- Table 70 South America Laser Distance Sensor Market Outlook, By Distance (2021-2030) ($MN)
- Table 71 South America Laser Distance Sensor Market Outlook, By Between 2 and 10 Meters (2021-2030) ($MN)
- Table 72 South America Laser Distance Sensor Market Outlook, By Between 8 and 100 Meters (2021-2030) ($MN)
- Table 73 South America Laser Distance Sensor Market Outlook, By Between 101 and 200 Meters (2021-2030) ($MN)
- Table 74 South America Laser Distance Sensor Market Outlook, By Between 201 and 500 Meters (2021-2030) ($MN)
- Table 75 South America Laser Distance Sensor Market Outlook, By Accuracy (2021-2030) ($MN)
- Table 76 South America Laser Distance Sensor Market Outlook, By 1mm at 2 Sigma (2021-2030) ($MN)
- Table 77 South America Laser Distance Sensor Market Outlook, By 3mm with 2 Sigma (2021-2030) ($MN)
- Table 78 South America Laser Distance Sensor Market Outlook, By 5mm at 2 Sigma (2021-2030) ($MN)
- Table 79 South America Laser Distance Sensor Market Outlook, By End User (2021-2030) ($MN)
- Table 80 South America Laser Distance Sensor Market Outlook, By Construction (2021-2030) ($MN)
- Table 81 South America Laser Distance Sensor Market Outlook, By Automotive and Robotics (2021-2030) ($MN)
- Table 82 South America Laser Distance Sensor Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 83 South America Laser Distance Sensor Market Outlook, By Aerospace and Defence (2021-2030) ($MN)
- Table 84 South America Laser Distance Sensor Market Outlook, By Geospatial Industry (2021-2030) ($MN)
- Table 85 South America Laser Distance Sensor Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 86 Middle East & Africa Laser Distance Sensor Market Outlook, By Country (2021-2030) ($MN)
- Table 87 Middle East & Africa Laser Distance Sensor Market Outlook, By Distance (2021-2030) ($MN)
- Table 88 Middle East & Africa Laser Distance Sensor Market Outlook, By Between 2 and 10 Meters (2021-2030) ($MN)
- Table 89 Middle East & Africa Laser Distance Sensor Market Outlook, By Between 8 and 100 Meters (2021-2030) ($MN)
- Table 90 Middle East & Africa Laser Distance Sensor Market Outlook, By Between 101 and 200 Meters (2021-2030) ($MN)
- Table 91 Middle East & Africa Laser Distance Sensor Market Outlook, By Between 201 and 500 Meters (2021-2030) ($MN)
- Table 92 Middle East & Africa Laser Distance Sensor Market Outlook, By Accuracy (2021-2030) ($MN)
- Table 93 Middle East & Africa Laser Distance Sensor Market Outlook, By 1mm at 2 Sigma (2021-2030) ($MN)
- Table 94 Middle East & Africa Laser Distance Sensor Market Outlook, By 3mm with 2 Sigma (2021-2030) ($MN)
- Table 95 Middle East & Africa Laser Distance Sensor Market Outlook, By 5mm at 2 Sigma (2021-2030) ($MN)
- Table 96 Middle East & Africa Laser Distance Sensor Market Outlook, By End User (2021-2030) ($MN)
- Table 97 Middle East & Africa Laser Distance Sensor Market Outlook, By Construction (2021-2030) ($MN)
- Table 98 Middle East & Africa Laser Distance Sensor Market Outlook, By Automotive and Robotics (2021-2030) ($MN)
- Table 99 Middle East & Africa Laser Distance Sensor Market Outlook, By Manufacturing (2021-2030) ($MN)
- Table 100 Middle East & Africa Laser Distance Sensor Market Outlook, By Aerospace and Defence (2021-2030) ($MN)
- Table 101 Middle East & Africa Laser Distance Sensor Market Outlook, By Geospatial Industry (2021-2030) ($MN)
- Table 102 Middle East & Africa Laser Distance Sensor Market Outlook, By Other End Users (2021-2030) ($MN)
