Laser Sensors Market Research Report - Global Forecast till 2027

Laser Sensors Market Research Report: by Type (Ultra-Compact, Compact), by Offering (hardware, Software, Services), by End User (Electronics Manufacturing, Building and Construction, Chemical Manufacturing, Automotive, Aerospace and Defense) and by Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/SEM/6707-HCR | February 2021 | Region: Global | 111 pages

Market Synopsis


The global market for laser sensors was valued at USD 503.6 million in 2018; it is expected to reach USD 1003.7 Million by the end of the forecast period at a CAGR of 12.4%.


Laser sensors are devices which measure the value with the help of laser technology and convert the physical measured value into an analog electrical signal. In other words, laser sensors are suitable for contactless measurement. In this laser sensor, the reflected light falls incident on the receiving element at a certain angle, depending on the distance. The distance between the sender and the receiving element is measured by the sensor.


Increasing developments in smart manufacturing and demand in food manufacturing industries are expected to drive the laser sensor market during the forecast period. However, the lack of technological advancements is expected to restrain the market during the forecast period.


Key Developments



  • In April 2019, Keyence launched the IX Series image-based laser sensor which is a combination of a camera with a laser to determine part position prior to performing laser inspection, reducing hardware, and installation costs.



  • In February 2019, Rockwell Automation launched Allen-Bradley 42AF RightSight M30 photoelectric sensor for long-distance detection in a mid-sized, right-angle housing. This sensor offers the flexibility and performance required for a wide range of high-demand applications.


 Segmentation


The global laser sensor market has been segmented based on type, offerings, end user, and region.


By type, the laser sensor market has been segmented into ultra-compact and compact.


By offerings, the laser sensors market has been segmented hardware, software, and services.


By end user, the laser sensor market has been segmented into electronics manufacturing, building and construction, chemical manufacturing, automotive, and aerospace and defense.


By region, the photoelectric sensor market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Regional Analysis


Globally, the laser sensor market has been categorized into four regions—North America, Europe, Asia-Pacific, and the rest of the world. The rest of the world segment has been further categorized into the Middle East and Africa and South America. Asia-Pacific led the laser sensor market in 2018, whereas North America is expected to be the fastest-growing market during the forecast period. The market in Europe is expected to be at the second spot for the laser sensor market in terms of market share during the forecast period.


North America is expected to be the highest growing market for laser sensors during the forecast period. This region has been further categorized into the US, Canada, and Mexico. The US dominated the laser sensor market, followed by Canada and Mexico. The market in Mexico is expected to register steady growth in the laser sensor market during the forecast period owing to the rapid adoption of IoT-enabled devices.


Global laser Sensor Market, USD Million
 laser Sensor Market


Source: MRFR Analysis


Competitive landscape


The global laser sensor market is characterized by the presence of several global vendors. The competition in the market is highly intense, with players competing to gain a considerable market share. Moreover, cost, quality, accuracy, and reliability of products are some of the factors that help vendors to sustain in an intensely competitive market. Furthermore, technological advancements and government initiatives and policies favoring the adoption of laser sensors are some of the factors that are expected to drive the growth of the laser sensors market during the forecast period.


Key Players


The key players in the laser sensor market are Banner Engineering Corporation (US), Rockwell Automation (US), Omron Corporation (Japan), Panasonic Corporation (Japan), Optex Group (South Africa), Keyence Corporation (Japan), ifm Electronic (Germany), Schmitt Industries Inc (US), WayCon Positionsmesstechnik GmbH (Germany), Laser Technology, Inc (US), SmartRay GmbH (Germany), Micro-Epsilon (Germany), LAP GmbH (Germany), and Techno Instruments (India) among others.


Intended Audience



  • System Integrators

  • OEMs/ODMs

  • Electronic Component Manufacturers

  • Sensor Module Providers

  • Resellers and Distributors

  • Consultancy and advisory firms

  • Consulting Firms

  • Research Institutes and Organizations

  • Technology Standards Organizations



Frequently Asked Questions (FAQ) :


The rising focus on smart manufacturing is expected to play a vital role in the overall market development.

The deficiency of technological developments is expected to hold back the market’s development.

The Asia Pacific region is predicted to conquer the top tier position in the market.

A12.4% CAGR is projected to propel the development of the global market.

Optex Group (South Africa), Keyence Corporation (Japan), Schmitt Industries Inc (US), ifm Electronic (Germany), and WayCon Positionsmesstechnik GmbH (Germany) are a few of the contributors in the market.

Table of Contents


1 Executive Summary

1.1 Market Attractiveness

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.3 Research Objectives

2.4 Markets Structure

3 Research Methodology

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Bargaining Power of Suppliers

4.1.5 Intensity of Rivalry

4.2 Value Chain/Supply Chain of Laser Sensors

5 Market Landscape

5.1 Introduction

5.2 Growth Drivers

5.2.1 Increasing developments in smart manufacturing

5.2.2 Increasing demand in food manufacturing industries

5.2.3 Impact Analysis

5.3 Market Restraints

5.3.1 Lack of technological advancements

5.3.2 Impact Analysis

5.4 Challenges

5.5 Opportunities

6 Market Trends

6.1 Technological Trends

7 Laser Sensors Market, by Type

7.1 Introduction

7.2 Ultra compact

7.2.1 Market Estimates & Forecast, 2020-2027

7.3 Compact

7.3.1 Market Estimates & Forecast, 2020-2027

8 Laser Sensors Market, by Offerings

8.1 Introduction

8.2 Hardware

8.2.1 Market Estimates & Forecast, 2020-2027

8.3 Software

8.3.1 Market Estimates & Forecast, 2020-2027

8.4 Services

8.4.1 Market Estimates & Forecast, 2020-2027

9 Laser Sensors Market, by End User

9.1 Introduction

9.2 Electronics Manufacturing

9.2.1 Market Estimates & Forecast, 2020-2027

9.3 Building and Construction

9.3.1 Market Estimates & Forecast, 2020-2027

9.4 Chemical manufacturing

9.4.1 Market Estimates & Forecast, 2020-2027

9.5 Automotive

9.5.1 Market Estimates & Forecast, 2020-2027

9.6 Aerospace and Defense

9.6.1 Market Estimates & Forecast, 2020-2027

9.7 Others

9.7.1 Market Estimates & Forecast, 2020-2027

10 Laser Sensors Market, by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, by Country, 2020-2027

10.2.2 Market Estimates & Forecast, by Type, 2020-2027

10.2.3 Market Estimates & Forecast, by Offerings, 2020-2027

10.2.4 Market Estimates & Forecast, by End User, 2020-2027

10.2.5 US

10.2.5.1 Market Estimates & Forecast, by Type, 2020-2027

10.2.5.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.2.5.3 Market Estimates & Forecast, by End User, 2020-2027

10.2.6 Mexico

10.2.6.1 Market Estimates & Forecast, by Type, 2020-2027

10.2.6.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.2.6.3 Market Estimates & Forecast, by End User, 2020-2027

10.2.7 Canada

10.2.7.1 Market Estimates & Forecast, by Type, 2020-2027

10.2.7.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.2.7.3 Market Estimates & Forecast, by End User, 2020-2027

10.3 Europe

10.3.1 Market Estimates & Forecast, by Country, 2020-2027

10.3.2 Market Estimates & Forecast, by Type, 2020-2027

10.3.3 Market Estimates & Forecast, by Offerings, 2020-2027

10.3.4 Market Estimates & Forecast, by End User, 2020-2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, by Type, 2020-2027

10.3.5.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.3.5.3 Market Estimates & Forecast, by End User, 2020-2027

10.3.6 France

10.3.6.1 Market Estimates & Forecast, by Type, 2020-2027

10.3.6.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.3.6.3 Market Estimates & Forecast, by End User, 2020-2027

10.3.7 Italy

10.3.7.1 Market Estimates & Forecast, by Type, 2020-2027

10.3.7.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.3.7.3 Market Estimates & Forecast, by End User, 2020-2027

10.3.8 Spain

10.3.8.1 Market Estimates & Forecast, by Type, 2020-2027

10.3.8.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.3.8.3 Market Estimates & Forecast, by End User, 2020-2027

10.3.9 UK

10.3.9.1 Market Estimates & Forecast, by Type, 2020-2027

10.3.9.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.3.9.3 Market Estimates & Forecast, by End User, 2020-2027

10.3.10 Rest of Europe

10.3.10.1 Market Estimates & Forecast, by Type, 2020-2027

10.3.10.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.3.10.3 Market Estimates & Forecast, by End User, 2020-2027

10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast, by Country, 2020-2027

10.4.2 Market Estimates & Forecast, by Type, 2020-2027

10.4.3 Market Estimates & Forecast, by Offerings, 2020-2027

10.4.4 Market Estimates & Forecast, by End User, 2020-2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast, by Type, 2020-2027

10.4.5.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.4.5.3 Market Estimates & Forecast, by End User, 2020-2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast, by Type, 2020-2027

10.4.6.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.4.6.3 Market Estimates & Forecast, by End User, 2020-2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, by Type, 2020-2027

10.4.7.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.4.7.3 Market Estimates & Forecast, by End User, 2020-2027

10.4.8 Rest of Asia-Pacific

10.4.8.1 Market Estimates & Forecast, by Type, 2020-2027

10.4.8.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.4.8.3 Market Estimates & Forecast, by End User, 2020-2027

10.5 Rest of the World

10.5.1 Market Estimates & Forecast, by Country, 2020-2027

10.5.2 Market Estimates & Forecast, by Type, 2020-2027

10.5.3 Market Estimates & Forecast, by Offerings, 2020-2027

10.5.4 Market Estimates & Forecast, by End User, 2020-2027

10.5.5 Middle East & Africa

10.5.5.1 Market Estimates & Forecast, by Type, 2020-2027

10.5.5.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.5.5.3 Market Estimates & Forecast, by End User, 2020-2027

10.5.5.4 Saudi Arabia

10.5.5.4.1 Market Estimates & Forecast, by Type, 2020-2027

10.5.5.4.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.5.5.4.3 Market Estimates & Forecast, by End User, 2020-2027

10.5.5.5 UAE

10.5.5.5.1 Market Estimates & Forecast, by Type, 2020-2027

10.5.5.5.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.5.5.5.3 Market Estimates & Forecast, by End User, 2020-2027

10.5.5.6 South Africa

10.5.5.6.1 Market Estimates & Forecast, by Type, 2020-2027

10.5.5.6.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.5.5.6.3 Market Estimates & Forecast, by End User, 2020-2027

10.5.5.7 Rest of the Middle East & Africa

10.5.5.7.1 Market Estimates & Forecast, by Type, 2020-2027

10.5.5.7.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.5.5.7.3 Market Estimates & Forecast, by End User, 2020-2027

10.5.6 South America

10.5.6.1 Market Estimates & Forecast, by Type, 2020-2027

10.5.6.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.5.6.3 Market Estimates & Forecast, by End User, 2020-2027

10.5.6.4 Brazil

10.5.6.4.1 Market Estimates & Forecast, by Type, 2020-2027

10.5.6.4.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.5.6.4.3 Market Estimates & Forecast, by End User, 2020-2027

10.5.6.5 Argentina

10.5.6.5.1 Market Estimates & Forecast, by Type, 2020-2027

10.5.6.5.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.5.6.5.3 Market Estimates & Forecast, by End User, 2020-2027

10.5.6.6 Rest of South America

10.5.6.6.1 Market Estimates & Forecast, by Type, 2020-2027

10.5.6.6.2 Market Estimates & Forecast, by Offerings, 2020-2027

10.5.6.6.3 Market Estimates & Forecast, by End User, 2020-2027

11 Competitive Landscape

11.1 Overview

11.2 Key Players: Market Share Analysis

11.3 Competitive Benchmarking

12 Company Profiles

12.1 Banner Engineering Corporation

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.1.6 Key Strategies

12.2 Rockwell Automation

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.2.6 Key Strategies

12.3 Omron Corporation

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.3.5 SWOT Analysis

12.3.6 Key Strategies

12.4 Panasonic Corporation

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.4.5 SWOT Analysis

12.4.6 Key Strategies

12.5 Optex Group

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.5.6 Key Strategies

12.6 Keyence Corporation

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.6.6 Key Strategies

12.7 ifm Electronic

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.7.6 Key Strategies

12.8 Schmitt Industries Inc

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.8.6 Key Strategies

12.9 WayCon Positionsmesstechnik GmbH

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.9.6 Key Strategies

12.10 Laser Technology, Inc

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.10.6 Key Strategies

12.11 SmartRay GmbH

12.11.1 Company Overview

12.11.2 Product/Business Segment Overview

12.11.3 Financial Updates

12.11.4 Key Developments

12.11.5 SWOT Analysis

12.11.6 Key Strategies

12.12 Micro-Epsilon

12.12.1 Company Overview

12.12.2 Product/Business Segment Overview

12.12.3 Financial Updates

12.12.4 Key Developments

12.12.5 SWOT Analysis

12.12.6 Key Strategies

12.13 LAP GmbH

12.13.1 Company Overview

12.13.2 Product/Business Segment Overview

12.13.3 Financial Updates

12.13.4 Key Developments

12.13.5 SWOT Analysis

12.13.6 Key Strategies

12.14 TECHNOS INSTRUMENTS

12.14.1 Company Overview

12.14.2 Product/Business Segment Overview

12.14.3 Financial Updates

12.14.4 Key Developments

12.14.5 SWOT Analysis

12.14.6 Key Strategies

13 Conclusion

LIST OF TABLES

Table 1 Global Laser Sensors Market, by Type, 2020-2027

Table 2 Global Laser Sensors Market, by Offerings, 2020-2027

Table 3 Global Laser Sensors Market, by End User, 2020-2027

Table 4 Global Laser Sensors Market, by Region, 2020-2027

Table 5 North America: Laser Sensors Market, by Country, 2020-2027

Table 6 North America: Laser Sensors, Market, by Type, 2020-2027

Table 7 North America: Laser Sensors Market, by Offerings, 2020-2027

Table 8 North America: Laser Sensors, Market, by End User, 2020-2027

Table 9 US: Laser Sensors Market, by Type, 2020-2027

Table 10 US: Laser Sensors Market, by Offerings, 2020-2027

Table 11 US: Laser Sensors Market, by End User, 2020-2027

Table 12 Canada: Laser Sensors, Market, by Type, 2020-2027

Table 13 Canada: Laser Sensors Market, by Offerings, 2020-2027

Table 14 Canada: Laser Sensors, Market, by End User, 2020-2027

Table 15 Mexico: Laser Sensors, Market, by Type, 2020-2027

Table 16 Mexico: Laser Sensors Market, by Offerings, 2020-2027

Table 17 Mexico: Laser Sensors, Market, by End User, 2020-2027

Table 18 Europe: Laser Sensors Market, by Country, 2020-2027

Table 19 Europe: Laser Sensors Market, by Type, 2020-2027

Table 20 Europe:Laser Sensors Market, by Offerings, 2020-2027

Table 21 Europe: Laser Sensors Market, by End User, 2020-2027

Table 22 Germany: Laser Sensors Market, by Type, 2020-2027

Table 23 Germany: Laser Sensors Market, by Offerings, 2020-2027`

Table 24 Germany: Laser Sensors Market, by End User, 2020-2027

Table 25 France: Laser Sensors Market, by Type, 2020-2027

Table 26 France: Laser Sensors Market, by Offerings, 2020-2027`

Table 27 France: Laser Sensors Market, by End User, 2020-2027

Table 28 UK: Laser Sensors Market, by Type, 2020-2027

Table 29 UK: Laser Sensors Market, by Offerings, 2020-2027`

Table 30 UK: Laser Sensors Market, by End User, 2020-2027

Table 31 Spain: Laser Sensors Market, by Type, 2020-2027

Table 32 Spain: Laser Sensors Market, by Offerings, 2020-2027`

Table 33 Spain: Laser Sensors Market, by End User, 2020-2027

Table 34 Italy: Laser Sensors Market, by Type, 2020-2027

Table 35 Italy: Laser Sensors Market, by Offerings, 2020-2027`

Table 36 Italy: Laser Sensors Market, by End User, 2020-2027

Table 37 Asia-Pacific: Laser Sensors Market, by Country, 2020-2027

Table 38 Asia-Pacific: Laser Sensors Market, by Type, 2020-2027

Table 39 Asia-Pacific: Laser Sensors Market, by Offerings, 2020-2027`

Table 40 Asia-Pacific: Laser Sensors Market, by End User, 2020-2027

Table 41 China: Laser Sensors Market, by Type, 2020-2027

Table 42 China: Laser Sensors Market, by Offerings, 2020-2027`

Table 43 China: Laser Sensors Market, by End User, 2020-2027

Table 44 Japan: Laser Sensors Market, by Type, 2020-2027

Table 45 Japan: Laser Sensors Market, by Offerings, 2020-2027`

Table 46 Japan: Laser Sensors Market, by End User, 2020-2027

Table 47 India: Laser Sensors Market, by Type, 2020-2027

Table 48 India: Laser Sensors Market, by Offerings, 2020-2027`

Table 49 India: Laser Sensors Market, by End User, 2020-2027

Table 50 Rest of Asia-Pacific: Laser Sensors Market, by Type, 2020-2027

Table 51 Rest of Asia-Pacific: Laser Sensors Market, by Offerings, 2020-2027`

Table 52 Rest of Asia-Pacific: Laser Sensors Market, by End User, 2020-2027

Table 53 Rest of the World: Laser Sensors Market, by Country, 2020-2027

Table 54 Rest of the World: Laser Sensors Market, by Type, 2020-2027

Table 55 Rest of the World: Laser Sensors Market, by Offerings, 2020-2027`

Table 56 Rest of the World: Laser Sensors Market, by End User, 2020-2027


LIST OF FIGURES

FIGURE 1 Global Laser Sensors Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Laser Sensors Market

FIGURE 4 Value Chain of Global Laser Sensors Market

FIGURE 5 Share of the Global Laser Sensors Market in 2020, by Country (in %)

FIGURE 6 Global Laser Sensors Market, 2020-2027

FIGURE 7 Sub-Segments of Type

FIGURE 8 Global Laser Sensors Market Size, by Type, 2020

FIGURE 9 Share of the Global Laser Sensors Market, by Type, 2020 to 2027

FIGURE 10 Sub-Segments of Offerings

FIGURE 11 Global Laser Sensors Market Size, by Offerings, 2020

FIGURE 12 Share of the Global Laser Sensors Market, by Offerings, 2020 to 2027

FIGURE 10 Sub-Segments of End User

FIGURE 11 Global Laser Sensors Market Size, by End User, 2020

FIGURE 12 Share of the Global Laser Sensors Market, by End User, 2020 to 2027