Laser Distance Sensor Market Size and Forecasts, Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Distance, Accuracy, and End User

Description

List of Tables

The laser distance sensor market size is expected US$ 1.26 billion in 2022 and is expected to reach US$ 2.48 billion by 2030. The laser distance sensor market is estimated to record a CAGR of 8.8% from 2022 to 2030.

Europe laser distance sensor market accounted for US$ 360.65 million in the year 2022 and it is expected to grow at a CAGR of 9.3% during 2022 - 2030, to reach US$ 735.96 million in the year 2030. The Europe laser distance sensor market is segmented into Germany, France, the UK, Italy, Spain, Russia, and the Rest of Europe. According to the International Federation of Robotics (IFR), ~15% of global robots were installed in Europe in 2022. The region remains the world´s second-largest market, with a 5% rise in the installation of robots in 2022 compared to 2021. Germany is among the top five adopters worldwide, with a market share of 36% within the region. The third largest EU laser distance sensor market, France, recorded a regional market share of 10% and gained 13%, installing 7,380 units in 2022. In the post-Brexit UK, industrial robot installations were up 3% to 2,534 units in 2022. Manufacturing facilities across the region are constantly eyeing adopting newer, technologically advanced robotic solutions owing to the growing awareness of the benefits of using robots, such as easing manufacturing operations and increasing production volume parallel to humans. Thus, this is a key factor driving the Europe laser distance sensor market growth.

The digital industrial revolution, i.e., Industry 4.0, is helping to increase flexibility in manufacturing, mass customization, increased speed, better quality, and improved factory productivity. Because of this, automobiles, chemicals, food & beverage, mechanical engineering, and electronics sectors are installing robot solutions. In addition, governments in various countries are investing in automating the manufacturing business in the region. For example, in July 2021, the UK government announced an investment of US$ 59.3 million (GBP 53 million) to drive the development of digital manufacturing technologies. Thus, the growing government support to boost automation will further boost the laser distance sensor market growth.

In Asia Pacific, the rising industrial automation across countries such as India, China, and Japan is a major factor driving the laser distance sensor market growth. The widespread adoption of industrial automation in various sectors, including manufacturing, logistics, and automotive, is a significant driver for the rise in Asia Pacific laser distance sensor market share. Laser distance sensors play a crucial role in automation by providing accurate and reliable distance measurements, enabling precise positioning, object detection, and collision avoidance. In November 2020, Hyundai Motors unveiled a strategic partnership with the Indonesian government to establish its inaugural manufacturing plant. The collaboration entails the construction of a state-of-the-art facility near Jakarta, Indonesia's capital city, with an estimated completion date of 2022. The manufacturing plant, spanning an expansive area of 776,000 square meters, is poised to become Hyundai's first production base in Southeast Asia. As part of this initiative, Hyundai Robotics, a newly established subsidiary, was tasked with providing 370 industrial robotic arms for the forthcoming facility. This substantial order underscores Hyundai's commitment to leveraging advanced automation technologies and enhancing operational efficiency in the manufacturing process.

Sick AG, ifm Electronic GmbH, Baumer Holding AG, Keyence Corp, Leuze electronic GmbH & Co KG, Pepperl+Fuchs SE, Wenglor Sensoric Electronic Devices GmbH, Banner Engineering Corp, Pantron Instruments GmbH, and Jenoptik AG are among the key laser distance sensor market players that are profiled in this market study.

The overall laser distance sensor market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the laser distance sensor market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the laser distance sensor market.

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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the laser distance sensor market
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The key findings and recommendations, such as specific country and segmental insight, highlight crucial progressive industry trends in the laser distance sensor market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: TIPRE00032622

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Laser Distance Sensor Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 Component Providers:
- 4.3.2 Manufacturers:
- 4.3.3 Distributors or Suppliers:
- 4.3.4 End-Users:
- 4.3.5 List of Vendors in Value Chain

5. Laser Distance Sensor Market - Key Industry Dynamics

5.1 Drivers
- 5.1.1 Rise in Demand for Sensors in Automotive Applications
- 5.1.2 Strategic Initiatives by Market Players
5.2 Restraints
- 5.2.1 Stringent Government Regulations for Using Laser-Based Products
5.3 Opportunities
- 5.3.1 Government Initiatives to Boost Manufacturing Facilities
- 5.3.2 Rise in Government Spending on Defense Sector
5.4 Future Trends:
- 5.4.1 Advent of Advanced Robotics Solutions
5.5 Impact of Drivers and Restraints:

6. Laser Distance Sensor Market - Global Market Analysis

6.1 Laser Distance Sensor Market Revenue (US$ Million), 2022 - 2030

7. Laser Distance Sensor Market Analysis - Distance

7.1 Between 2 and 10 Meters
- 7.1.1 Overview
7.2 Between 11 and 100 Meters
- 7.2.1 Overview
7.3 Between 101 and 200 Meters
- 7.3.1 Overview
7.4 Between 201 and 500 Meters
- 7.4.1 Overview

8. Laser Distance Sensor Market Analysis - Accuracy

8.1 1mm at 2 Sigma
- 8.1.1 Overview
8.2 3mm with 2 Sigma
- 8.2.1 Overview
8.3 5mm at 2 Sigma
- 8.3.1 Overview

9. Laser Distance Sensor Market Analysis - End user

9.1 Manufacturing
- 9.1.1 Overview
9.2 Construction
- 9.2.1 Overview
9.3 Automotive and Robotics
- 9.3.1 Overview
9.4 Aerospace and Defence
- 9.4.1 Overview
9.5 Geospatial Industry
- 9.5.1 Overview
9.6 Others
- 9.6.1 Overview

10. Laser Distance Sensor Market - Geographical Analysis

10.1 North America
- 10.1.1 North America Laser Distance Sensor Market Overview
- 10.1.2 North America Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.1.3 North America Laser Distance Sensor Market Breakdown by Distance
  - 10.1.3.1 North America Laser Distance Sensor Market Revenue and Forecasts and Analysis - By Distance
- 10.1.4 North America Laser Distance Sensor Market Breakdown by Accuracy
  - 10.1.4.1 North America Laser Distance Sensor Market Revenue and Forecasts and Analysis - By Accuracy
- 10.1.5 North America Laser Distance Sensor Market Breakdown by End user
  - 10.1.5.1 North America Laser Distance Sensor Market Revenue and Forecasts and Analysis - By End user
- 10.1.6 North America Laser Distance Sensor Market Revenue and Forecasts and Analysis - By Countries
  - 10.1.6.1 North America Laser Distance Sensor Market Revenue and Forecasts and Analysis - By Country
  - 10.1.6.2 US Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.6.2.1 US Laser Distance Sensor Market Breakdown by Distance
    - 10.1.6.2.2 US Laser Distance Sensor Market Breakdown by Accuracy
    - 10.1.6.2.3 US Laser Distance Sensor Market Breakdown by End user
  - 10.1.6.3 Canada Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.6.3.1 Canada Laser Distance Sensor Market Breakdown by Distance
    - 10.1.6.3.2 Canada Laser Distance Sensor Market Breakdown by Accuracy
    - 10.1.6.3.3 Canada Laser Distance Sensor Market Breakdown by End user
  - 10.1.6.4 Mexico Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.1.6.4.1 Mexico Laser Distance Sensor Market Breakdown by Distance
    - 10.1.6.4.2 Mexico Laser Distance Sensor Market Breakdown by Accuracy
    - 10.1.6.4.3 Mexico Laser Distance Sensor Market Breakdown by End user
10.2 Europe
- 10.2.1 Europe Laser Distance Sensor Market Overview
- 10.2.2 Europe Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
- 10.2.3 Europe Laser Distance Sensor Market Breakdown by Distance
  - 10.2.3.1 Europe Laser Distance Sensor Market Revenue and Forecasts and Analysis - By Distance
- 10.2.4 Europe Laser Distance Sensor Market Breakdown by Accuracy
  - 10.2.4.1 Europe Laser Distance Sensor Market Revenue and Forecasts and Analysis - By Accuracy
- 10.2.5 Europe Laser Distance Sensor Market Breakdown by End user
  - 10.2.5.1 Europe Laser Distance Sensor Market Revenue and Forecasts and Analysis - By End user
- 10.2.6 Europe Laser Distance Sensor Market Revenue and Forecasts and Analysis - By Countries
  - 10.2.6.1 Germany Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.1.1 Germany Laser Distance Sensor Market Breakdown by Distance
    - 10.2.6.1.2 Germany Laser Distance Sensor Market Breakdown by Accuracy
    - 10.2.6.1.3 Germany Laser Distance Sensor Market Breakdown by End user
  - 10.2.6.2 France Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.2.1 France Laser Distance Sensor Market Breakdown by Distance
    - 10.2.6.2.2 France Laser Distance Sensor Market Breakdown by Accuracy
    - 10.2.6.2.3 France Laser Distance Sensor Market Breakdown by End user
  - 10.2.6.3 Italy Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.3.1 Italy Laser Distance Sensor Market Breakdown by Distance
    - 10.2.6.3.2 Italy Laser Distance Sensor Market Breakdown by Accuracy
    - 10.2.6.3.3 Italy Laser Distance Sensor Market Breakdown by End user
  - 10.2.6.4 UK Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.4.1 UK Laser Distance Sensor Market Breakdown by Distance
    - 10.2.6.4.2 UK Laser Distance Sensor Market Breakdown by Accuracy
    - 10.2.6.4.3 UK Laser Distance Sensor Market Breakdown by End user
  - 10.2.6.5 Russia Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.5.1 Russia Laser Distance Sensor Market Breakdown by Distance
    - 10.2.6.5.2 Russia Laser Distance Sensor Market Breakdown by Accuracy
    - 10.2.6.5.3 Russia Laser Distance Sensor Market Breakdown by End user
  - 10.2.6.6 Rest of Europe Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
    - 10.2.6.6.1 Rest of Europe Laser Distance Sensor Market Breakdown by Distance
    - 10.2.6.6.2 Rest of Europe Laser Distance Sensor Market Breakdown by Accuracy
    - 10.2.6.6.3 Rest of Europe Laser Distance Sensor Market Breakdown by End user
10.3 Asia Pacific Laser Distance Sensor Market
- 10.3.1 Asia Pacific Laser Distance Sensor Market Overview
- 10.3.2 Asia Pacific Laser Distance Sensor Market Revenue and Forecasts To 2030 (US$ Million)
- 10.3.3 Asia Pacific Laser Distance Sensor Market Breakdown by Distance
  - 10.3.3.1 Asia Pacific Laser Distance Sensor Market Revenue and Forecasts and Analysis - By Distance
- 10.3.4 Asia Pacific Laser Distance Sensor Market Breakdown by Accuracy
  - 10.3.4.1 Asia Pacific Laser Distance Sensor Market Revenue and Forecasts and Analysis - By Accuracy
- 10.3.5 Asia Pacific Laser Distance Sensor Market Breakdown by End user
  - 10.3.5.1 Asia Pacific Laser Distance Sensor Market Revenue and Forecasts and Analysis - By End user
- 10.3.6 Laser Distance Sensor market Breakdown by Country
  - 10.3.6.1 Australia Laser Distance Sensor Market Revenue and Forecasts To 2030 (US$ Million)
    - 10.3.6.1.1 Australia Laser Distance Sensor Market Breakdown by Distance
    - 10.3.6.1.2 Australia Laser Distance Sensor Market Breakdown by Accuracy
    - 10.3.6.1.3 Australia Laser Distance Sensor Market Breakdown by End user
  - 10.3.6.2 China Laser Distance Sensor Market Revenue and Forecasts To 2030 (US$ Million)
    - 10.3.6.2.1 China Laser Distance Sensor Market Breakdown by Distance
    - 10.3.6.2.2 China Laser Distance Sensor Market Breakdown by Accuracy
    - 10.3.6.2.3 China Laser Distance Sensor Market Breakdown by End user
  - 10.3.6.3 India Laser Distance Sensor Market Revenue and Forecasts To 2030 (US$ Million)
    - 10.3.6.3.1 India Laser Distance Sensor Market Breakdown by Distance
    - 10.3.6.3.2 India Laser Distance Sensor Market Breakdown by Accuracy
    - 10.3.6.3.3 India Laser Distance Sensor Market Breakdown by End user
  - 10.3.6.4 Japan Laser Distance Sensor Market Revenue and Forecasts To 2030 (US$ Million)
    - 10.3.6.4.1 Japan Laser Distance Sensor Market Breakdown by Distance
    - 10.3.6.4.2 Japan Laser Distance Sensor Market Breakdown by Accuracy
    - 10.3.6.4.3 Japan Laser Distance Sensor Market Breakdown by End user
  - 10.3.6.5 South Korea Laser Distance Sensor Market Revenue and Forecasts To 2030 (US$ Million)
    - 10.3.6.5.1 South Korea Laser Distance Sensor Market Breakdown by Distance
    - 10.3.6.5.2 South Korea Laser Distance Sensor Market Breakdown by Accuracy
    - 10.3.6.5.3 South Korea Laser Distance Sensor Market Breakdown by End user
  - 10.3.6.6 Rest of Asia Pacific Laser Distance Sensor Market Revenue and Forecasts To 2030 (US$ Million)
    - 10.3.6.6.1 Rest of Asia Pacific Laser Distance Sensor Market Breakdown by Distance
    - 10.3.6.6.2 Rest of Asia Pacific Laser Distance Sensor Market Breakdown by Accuracy
    - 10.3.6.6.3 Rest of Asia Pacific Laser Distance Sensor Market Breakdown by End user
10.4 Middle East & Africa
- 10.4.1 Middle East & Africa Laser Distance Sensor Market Overview
- 10.4.2 Middle East & Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
- 10.4.3 Middle East & Africa Laser Distance Sensor Market Breakdown by Distance
  - 10.4.3.1 Middle East & Africa Laser Distance Sensor Market and Forecasts and Analysis - By Distance
- 10.4.4 Middle East & Africa Laser Distance Sensor Market Breakdown by Accuracy
  - 10.4.4.1 Middle East & Africa Laser Distance Sensor Market and Forecasts and Analysis - By Accuracy
- 10.4.5 Middle East & Africa Laser Distance Sensor Market Breakdown by End user
  - 10.4.5.1 Middle East & Africa Laser Distance Sensor Market and Forecasts and Analysis - By End user
- 10.4.6 Middle East & Africa Laser Distance Sensor Market Revenue and Forecasts and Analysis - By Countries
  - 10.4.6.1 South Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.4.6.1.1 South Africa Laser Distance Sensor Market Breakdown by Distance
    - 10.4.6.1.2 South Africa Laser Distance Sensor Market Breakdown by Accuracy
    - 10.4.6.1.3 South Africa Laser Distance Sensor Market Breakdown by End user
  - 10.4.6.2 Saudi Arabia Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.4.6.2.1 Saudi Arabia Laser Distance Sensor Market Breakdown by Distance
    - 10.4.6.2.2 Saudi Arabia Laser Distance Sensor Market Breakdown by Accuracy
    - 10.4.6.2.3 Saudi Arabia Laser Distance Sensor Market Breakdown by End user
  - 10.4.6.3 UAE Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.4.6.3.1 UAE Laser Distance Sensor Market Breakdown by Distance
    - 10.4.6.3.2 UAE Laser Distance Sensor Market Breakdown by Accuracy
    - 10.4.6.3.3 UAE Laser Distance Sensor Market Breakdown by End user
  - 10.4.6.4 Rest of Middle East & Africa Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.4.6.4.1 Rest of Middle East & Africa Laser Distance Sensor Market Breakdown by Distance
    - 10.4.6.4.2 Rest of Middle East & Africa Laser Distance Sensor Market Breakdown by Accuracy
    - 10.4.6.4.3 Rest of Middle East & Africa Laser Distance Sensor Market Breakdown by End user
10.5 South & Central America
- 10.5.1 South & Central America Laser Distance Sensor Market Overview
- 10.5.2 South & Central America Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
- 10.5.3 South & Central America Laser Distance Sensor Market Breakdown by Distance
  - 10.5.3.1 South & Central America Laser Distance Sensor Market and Forecasts and Analysis - By Distance
- 10.5.4 South & Central America Laser Distance Sensor Market Breakdown by Accuracy
  - 10.5.4.1 South & Central America Laser Distance Sensor Market Revenue and Forecasts and Analysis - By Accuracy
- 10.5.5 South & Central America Laser Distance Sensor Market Breakdown by End user
  - 10.5.5.1 South & Central America Laser Distance Sensor Market Revenue and Forecasts and Analysis - By End user
- 10.5.6 South & Central America Laser Distance Sensor Market Revenue and Forecasts and Analysis - By Countries
  - 10.5.6.1 Brazil Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.5.6.1.1 Brazil Laser Distance Sensor Market Breakdown by Distance
    - 10.5.6.1.2 Brazil Laser Distance Sensor Market Breakdown by Accuracy
    - 10.5.6.1.3 Brazil Laser Distance Sensor Market Breakdown by End user
  - 10.5.6.2 Argentina Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.5.6.2.1 Argentina Laser Distance Sensor Market Breakdown by Distance
    - 10.5.6.2.2 Argentina Laser Distance Sensor Market Breakdown by Accuracy
    - 10.5.6.2.3 Argentina Laser Distance Sensor Market Breakdown by End user
  - 10.5.6.3 Rest of South & Central America Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
    - 10.5.6.3.1 Rest of South & Central America Laser Distance Sensor Market Breakdown by Distance
    - 10.5.6.3.2 Rest of South & Central America Laser Distance Sensor Market Breakdown by Accuracy
    - 10.5.6.3.3 Rest of South & Central America Laser Distance Sensor Market Breakdown by End user

11. Laser Distance Sensor Market - Impact of COVID-19 Pandemic

11.1 Pre & Post Covid-19 Impact

12. Competitive Landscape

12.1 Heat Map Analysis By Key Players
12.2 Company Positioning & Concentration

13. Laser Distance Sensor Market Industry Landscape

13.1 Overview
13.2 Market Initiatives

14. Company Profiles

14.1 Sick AG
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
14.2 ifm Electronic GmbH
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
14.3 Baumer Holding AG
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
14.4 Keyence Corp
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
14.5 Leuze electronic GmbH & Co KG
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
14.6 Pepperl+Fuchs SE
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
14.7 Wenglor Sensoric Electronic Devices GmbH
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
14.8 Banner Engineering Corp
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
14.9 Pantron Instruments GmbH
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
14.10 Jenoptik AG
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments

15. Appendix

15.1 About The Insight Partners
15.2 Word Index