Laser Sensor Market

Laser Sensor Market by Offering (Hardware & Software and Services), Type (Compact and Ultra-Compact), Application (Manufacturing Plant Management & Automation and Security & Surveillance), End-user Industry, and Geography - Global Forecast to 2024

Report Code: SE 7098 May, 2019, by marketsandmarkets.com

[149 Pages Report] The laser sensor market is expected to grow from USD 535 million in 2019 to USD 863 million by 2024—growing at a CAGR of 10.0% during the forecast period. Major factors driving the market growth include the advent of Industry 4.0 and smart manufacturing, increased government initiatives toward automation, and high demand for laser sensors in the food manufacturing industry.

Laser Sensor Market

By type, market for compact laser sensor is growing at fastest rate during forecast period

The growth is attributed to the increasing demand for compact laser sensors from various end-user industries such as food & beverages, automotive, and electronics manufacturing; to reduce quality problems and lower operating costs, compact laser sensors are most widely used. The use of compact laser sensors would increase manufacturing productivity and foster industrial growth, which would ultimately change the competitiveness of companies. Key players offering compact laser sensors include IPG Photonics (US), Coherent (US), Trumpf (Germany), Adapt Laser Systems (US), KEYENCE (Japan), and Technos Instruments (India).

By end-user industry, market for food & beverages to grow at highest CAGR during forecast period

Food & beverages is one of the few industries that have started adopting automation across various processes. The reason behind the highest growth of the laser sensor market for the food & beverages industry is the consistent need to ensure high-quality standards in the food industry by using laser sensors for applications such as surface analysis of processed products and 3D measurement of natural products, even in case of mass production.

Laser Sensor Market

APAC is expected to account for largest market size during forecast period

APAC is expected to experience lucrative growth opportunities in the next few years. The market growth in this region is attributed to the growing adoption of automation technologies to replace the aging workforce and outdated technologies, increasing government initiatives to promote the manufacturing sector, rapid technological advancements, and rising FDI.

Key Market Players

Key players in the laser sensor market include KEYENCE CORPORATION (Japan), Micro-Epsilon (Germany), ifm electronic (Germany), Rockwell Automation, Inc. (US), Panasonic Corporation (US), OMRON Corporation (Japan), SmartRay GmbH (Germany), Schmitt Industries, Inc. (US), Banner Engineering Corp. (US), Baumer Electric AG (Switzerland), LAP GmbH Laser Applications (Germany), First Sensor AG (Germany), WayCon Positionsmesstechnik GmbH (Germany), Laser Technology, Inc. (US), OPTEX CO., LTD (Japan), TECHNOS INSTRUMENTS (India), ASM Automation Sensorik Messtechnik GmbH (Germany), Capacitec, Inc. (US), burster präzisionsmesstechnik gmbh & co kg (Germany), Variohm EuroSensor (UK), MTI Instruments Inc. (US), Balluff GmbH (Germany), Dimetix AG (Switzerland), and Cognex Corporation (US).

KEYENCE CORPORATION (Japan) has been at the top position because of its extensive portfolio of laser sensors and strategically balanced financial growth. Keyence is a global leader in the development and manufacturing of factory automation equipment, ranging from automation sensors, measuring instruments, vision systems, laser markers, and digital microscopes. The company has the global presence in more than 45 countries. In the laser sensor market, the company offers laser sensors such as LV series, GV series, LR-Z series, LV-S series, and LV-N series that serve to a wide range of end-user industries, such as food & beverages, automotive, and manufacturing. The company focuses on the manufacturing sector to address the need for increased production efficiency, automation, and enhanced quality.

Panasonic Corporation (Japan) ranked second in the laser sensor market. Panasonic develops and offers services for electrical and electronic products globally. The company has refined its strength in the development of diverse technologies and solutions for electronics. The company has wide geographic presence and generates its major revenue, i.e., 47%, from Japan as it is a major market for consumer electronics. The company has a year-on-year increase in revenue (USD 58.75 billion in 2017 and USD 71.84 billion in 2018) as it focuses on investing in growth areas and shifts resources while carrying out structural reform and profitability improvement initiatives.

Recent Developments

  • KEYENCE (Japan) launched CL-3000 series ultra-compact coaxial laser displacement sensors to address manufacturing challenges and provide simple sensor head installation and program settings.
  • Rockwell (US) collaborated with 6 different industrial companies as a part of its partner network program: DT Engineering (US), Davron Technologies (US), Brock Solutions (Canada), McRae Integration (Canada), Ocean Data System (US), and Maplesoft (US). The program helps the company accelerate business by offering customer-specific solutions.
  • OMRON (Japan) launched ZX-5000 small laser spot type confocal fiber displacement sensor. By incorporating a sensor head that produces a laser spot size 1/5 that of a conventional model, the ZX-5000 non-contact displacement sensor performs high-precision gap, position and profile measurement of micro components.
  • Banner Engineering (US) launched a compact precision laser measurement sensor for simplified sensor setup, recipe control, and configuration storage.
  • Micro-Epsilon launched the optoNCDT 1750LL laser sensor for high-precision distance measurements of metallic and structured surfaces.

Critical Questions the Report Answers:

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming industries that are likely to adopt laser sensors?
  • How are laser sensors influencing automation?
  • What are the trends prevalent in the laser sensor market?
  • What are the key strategies adopted by leading companies in the laser sensor market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumption

3 Executive Summary (Page No. - 27)

4 Premium Insight (Page No. - 32)
    4.1 Attractive Opportunities in Laser Sensor Market
    4.2 Laser Sensor Market, By Application
    4.3 Laser Sensor Market, By Country
    4.4 Laser Sensor Market in APAC in 2019, By Country & End-User Industry
    4.5 Laser Sensor Market, By Type

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Value Chain Analysis
    5.3 Laser Industry Standards and Regulations Analysis
    5.4 Laser Sensor Market, By Class
           5.4.1 Class 1
           5.4.2 Class 2
    5.5 Response Time of Laser Sensors
           5.5.1 1 Ms/10 Ms/25 Ms/100 Ms/1,000 Ms
           5.5.2 2 Ms/20 Ms/50 Ms/200 Ms/2,000 Ms
    5.6 Market Dynamics
           5.6.1 Drivers
                    5.6.1.1 Increasing Demand for Laser Sensors in Food Manufacturing Industry
                    5.6.1.2 Advent of Industry 4.0 and Smart Manufacturing
                    5.6.1.3 Increasing Government Initiatives
           5.6.2 Restraints
                    5.6.2.1 Lack of Technological Advancements
           5.6.3 Opportunities
                    5.6.3.1 Growing Demand for Miniaturization in Sensor Technologies
           5.6.4 Challenge
                    5.6.4.1 Requirement of High Power and Energy Density for Measurement of Smaller Beams

6 Laser Sensor Market, By Offering (Page No. - 43)
    6.1 Introduction
    6.2 Hardware & Software
           6.2.1 Hardware
                    6.2.1.1 Components
                               6.2.1.1.1 Laser Sensors Uses Critical Components to Perform Necessary Applications
                    6.2.1.2 Accessories
                               6.2.1.2.1 Laser Sensors Use A Limited Set of Accessories When Put to Use
           6.2.2 Software
                    6.2.2.1 Use of Software Enables Users' to Set Measurement Parameters
    6.3 Services
           6.3.1 Installation/Integration
                    6.3.1.1 Installation/ Integration First and Most Critical Stage
           6.3.2 Maintenance & Support
                    6.3.2.1 Repair Service Enables Laser Sensors to Ensure Quality Service, Speed, and Optimal Performance

7 Laser Sensor Market, By Type (Page No. - 50)
    7.1 Introduction
    7.2 Compact
           7.2.1 Compact Laser Sensors are Ideal Solution for Automation, Integration and Robotics Applications
    7.3 Ultra-Compact
           7.3.1 Triangulation and Cmos Technology Improve the Usefulness of Ultra-Compact Laser Sensors

8 Laser Sensor Market, By Application (Page No. - 55)
    8.1 Introduction
    8.2 Manufacturing Plant Management and Automation
           8.2.1 Manufacturing
                    8.2.1.1 Machine Building
                               8.2.1.1.1 Miniaturized Design of Laser Sensors Enables Easy Integration Into Machines
                    8.2.1.2 Product Manufacturing
                               8.2.1.2.1 Increasing Technological Sophistication Increases Complexity in Product Manufacturing
           8.2.2 Handling and Assembly
                    8.2.2.1 Proximity and Count Measurements are Significant Applications of Laser Sensors in Handling and Assembly
    8.3 Security and Surveillance
           8.3.1 Location Mapping and Height Measurement are Critical to Military, Homeland, and Private Security Applications for Which Laser Sensors are Deployed
    8.4 Motion and Guidance
           8.4.1 Shipping and Aerospace Industries Largely Use Laser Sensors for Precise Height Measurement Applications

9 Laser Sensor Market, By End-User Industry (Page No. - 61)
    9.1 Introduction
    9.2 Automotive
           9.2.1 Vehicle Guidance and Automation
                    9.2.1.1 Vehicle Guidance and Automation are Prominent Applications of Laser Sensors in Automotive Industry
           9.2.2 Traffic Management
                    9.2.2.1 Increasing Demand for Efficient Traffic Management Through Data Collection is Largely Driven With Use of Laser Sensors
    9.3 Aviation
           9.3.1 Laser Sensors are Used Extensively for Designing and Building of Aircraft
    9.4 Food & Beverages
           9.4.1 Packaging, Distribution, and Warehousing Applications are Performed Using Laser Sensors
    9.5 Electronics Manufacturing
           9.5.1 High Focus of Electronics Manufacturing Industry on Using Automation to Improve Plant Productivity and Efficiency Drives Adoption of Laser Sensors
    9.6 Building and Construction
           9.6.1 Growing Infrastructure Projects Require Laser Sensors to Perform Critical Measurement Tasks
    9.7 Chemicals Manufacturing
           9.7.1 Non-Contact Displacement Sensors are More Preferred for Dimensional Measurements in Chemicals Manufacturing

10 Geographic Analysis (Page No. - 74)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 Increasing Deployment of Laser Weapons in Aerospace & Defense Industry
             10.2.2 Canada
                        10.2.2.1 Initiatives By Canadian Government to Support Development, Production, and Sale of Electric Vehicles
             10.2.3 Mexico
                        10.2.3.1 Rising Foreign Direct Investments (FDIS)
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 Rapid Implementation and Adoption of Digital Technologies in Germany
             10.3.2 UK
                        10.3.2.1 Increasing Focus on Use of Energy-Efficient Devices and Low-Carbon Emission Products
             10.3.3 France
                        10.3.3.1 Increasing Demand for Manufacturing Operations to Cater to Growing Number of Commercial and Defense Aviation Projects
             10.3.4 Italy
                        10.3.4.1 Shift From Off-Line Quality Inspection to Near-Line Or In-Line Measurement Techniques
             10.3.5 Rest of Europe
     10.4 APAC
             10.4.1 China
                        10.4.1.1 Shift Toward Automation Technologies to Replace the Aging Workforce and Outdated Technologies
             10.4.2 Japan
                        10.4.2.1 Increasing Fdi in Manufacturing Sector of Japan
             10.4.3 India
                        10.4.3.1 Government Initiatives Likely to Promote Automation in Manufacturing Sector
             10.4.4 South Korea
                        10.4.4.1 Huge Potential in Automotive Sector of Country
             10.4.5 Australia
                        10.4.5.1 Rising Demand for New Structures in Both Residential and Commercial Sectors
             10.4.6 Rest of APAC
     10.5 RoW
             10.5.1 South America
                        10.5.1.1 Increasing Demand for Laser Sensors in Packaging Industry in South America
             10.5.2 Middle East and Africa
                        10.5.2.1 Significant Investments and Tie-Ups With the Companies Leading to Growth of Automation Industry in Region

11 Competitive Landscape (Page No. - 111)
     11.1 Introduction
     11.2 Market Ranking Analysis: Laser Sensor Market
     11.3 Competitive Situations and Trends
             11.3.1 Product/Solution Launches
             11.3.2 Partnerships/Collaborations

12 Company Profiles (Page No. - 115)
     12.1 Introduction
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.2 Key Players
             12.2.1 Keyence
             12.2.2 Rockwell Automation
             12.2.3 Panasonic
             12.2.4 OMRON
             12.2.5 IFM Electronic
             12.2.6 Banner Engineering
             12.2.7 Smartray
             12.2.8 Micro-Epsilon
             12.2.9 Laser Technology
             12.2.10 Acuity Laser
             12.2.11 Waycon PositionSMEsstechnik
     12.3 Other Important Players
             12.3.1 Baumer
             12.3.2 Optex
             12.3.3 Technos Instruments
             12.3.4 LAP GmbH
             12.3.5 First Sensor

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 142)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Available Customizations
     13.5 Related Reports
     13.6 Author Details


List of Tables (71 Tables)

Table 1 Laser Sensor Market Size, By Offering, 2016–2024 (USD Million)
Table 2 Laser Sensor Market for Hardware & Software, By Offering, 2016–2024 (USD Million)
Table 3 Laser Sensor Market for Services, By Offering, 2016–2024 (USD Million)
Table 4 Laser Sensor Market Size, By Type, 2016–2024 (USD Million)
Table 5 Laser Sensor Market Size for Compact Laser Sensors, By End-User Industry, 2016–2024 (USD Million)
Table 6 Laser Sensor Market Size for Ultra-Compact Laser Sensors, By End-User Industry, 2016–2024 (USD Million)
Table 7 Laser Sensor Market, By Application, 2016–2024 (USD Million)
Table 8 Laser Sensor Market, By End-User Industry, 2016–2024 (USD Million)
Table 9 Laser Sensor Market for Automotive Industry, By Type, 2016–2024 (USD Million)
Table 10 Laser Sensor Market for Automotive Industry, By Region, 2016–2024 (USD Million)
Table 11 Laser Sensor Market for Aviation Industry, By Type, 2016–2024 (USD Million)
Table 12 Laser Sensor Market for Aviation Industry, By Region, 2016–2024 (USD Million)
Table 13 Laser Sensor Market for Food & Beverages Industry, By Type, 2016–2024 (USD Million)
Table 14 Laser Sensor Market for Food & Beverages Industry, By Region, 2016–2024 (USD Million)
Table 15 Laser Sensor Market for Electronics Manufacturing Industry, By Type, 2016–2024 (USD Million)
Table 16 Laser Sensor Market for Electronics Manufacturing Industry, By Region, 2016–2024 (USD Million)
Table 17 Laser Sensor Market for Building and Construction Industry, By Type, 2016–2024 (USD Million)
Table 18 Laser Sensor Market for Building and Construction Industry, By Region, 2016–2024 (USD Million)
Table 19 Laser Sensor Market for Chemicals Manufacturing Industry, By Type, 2016–2024 (USD Million)
Table 20 Laser Sensor Market for Chemicals Manufacturing Industry, By Region, 2016–2024 (USD Million)
Table 21 Laser Sensor Market, By Region, 2016–2024 (USD Million)
Table 22 Laser Sensor Market in North America, By End-User Industry, 2016–2024 (USD Million)
Table 23 Laser Sensor Market in North America, By Country, 2016–2024 (USD Million)
Table 24 Laser Sensor Market in North America for Automotive, By Country, 2016–2024 (USD Million)
Table 25 Laser Sensor Market in North America for Food & Beverages, By Country, 2016–2024 (USD Million)
Table 26 Laser Sensor Market in North America for Aviation, By Country, 2016–2024 (USD Thousand)
Table 27 Laser Sensor Market in North America for Electronics Manufacturing, By Country, 2016–2024 (USD Million)
Table 28 Laser Sensor Market in North America for Building & Construction, By Country, 2016–2024 (USD Million)
Table 29 Laser Sensor Market in North America for Chemicals Manufacturing, By Country, 2016–2024 (USD Million)
Table 30 Laser Sensor Market in Us, By End-User Industry, 2016–2024 (USD Million)
Table 31 Laser Sensor Market in Canada, By End-User Industry, 2016–2024 (USD Million)
Table 32 Laser Sensor Market in Mexico, By End-User Industry, 2016–2024 (USD Thousand)
Table 33 Laser Sensor Market in Europe, By End-User Industry, 2016–2024 (USD Million)
Table 34 Laser Sensor Market in Europe, By Country, 2016–2024 (USD Million)
Table 35 Laser Sensor Market in Europe for Automotive, By Country, 2016–2024 (USD Million)
Table 36 Laser Sensor Market in Europe for Food & Beverages, By Country, 2016–2024 (USD Million)
Table 37 Laser Sensor Market in Europe for Aviation, By Country, 2016–2024 (USD Million)
Table 38 Laser Sensor Market in Europe for Electronics Manufacturing, By Country, 2016–2024 (USD Million)
Table 39 Laser Sensor Market in Europe for Building and Construction, By Country, 2016–2024 (USD Thousand)
Table 40 Laser Sensor Market in Europe for Chemicals Manufacturing, By Country, 2016–2024 (USD Million)
Table 41 Laser Sensor Market in Germany, By End-User Industry, 2016–2024 (USD Million)
Table 42 Laser Sensor Market in Uk, By End-User Industry, 2016–2024 (USD Million)
Table 43 Laser Sensor Market in France, By End-User Industry, 2016–2024 (USD Million)
Table 44 Laser Sensor Market in Italy, By End-User Industry, 2016–2024 (USD Thousand)
Table 45 Laser Sensor Market in Rest of Europe, By End-User Industry, 2016–2024 (USD Million)
Table 46 Laser Sensor Market in APAC, By End-User Industry, 2016–2024 (USD Million)
Table 47 Laser Sensor Market in APAC, By Country, 2016–2024 (USD Million)
Table 48 Laser Sensor Market in APAC for Automotive, By Country, 2016–2024 (USD Million)
Table 49 Laser Sensor Market in APAC for Food & Beverages, By Country, 2016–2024 (USD Million)
Table 50 Laser Sensor Market in APAC for Aviation, By Country, 2016–2024 (USD Thousand)
Table 51 Laser Sensor Market in APAC for Electronics Manufacturing, By Country, 2016–2024 (USD Thousand)
Table 52 Laser Sensor Market in APAC for Building and Construction, By Country, 2016–2024 (USD Million)
Table 53 Laser Sensor Market in APAC for Chemicals Manufacturing, By Country, 2016–2024 (USD Million)
Table 54 Laser Sensor Market in China, By End-User Industry, 2016–2024 (USD Million)
Table 55 Laser Sensor Market in Japan, By End-User Industry, 2016–2024 (USD Million)
Table 56 Laser Sensor Market in India, By End-User Industry, 2016–2024 (USD Million)
Table 57 Laser Sensor Market in South Korea, By End-User Industry, 2016–2024 (USD Million)
Table 58 Laser Sensor Market in Australia, By End-User Industry, 2016–2024 (USD Million)
Table 59 Laser Sensor Market in Rest of APAC, By End-User Industry, 2016–2024 (USD Thousand)
Table 60 Laser Sensor Market in RoW, By End-User Industry, 2016–2024 (USD Million)
Table 61 Laser Sensor Market in RoW, By Region, 2016–2024 (USD Million)
Table 62 Laser Sensor Market in RoW for Automotive, By Region, 2016–2024 (USD Million)
Table 63 Laser Sensor Market in RoW for Food & Beverages, By Region, 2016–2024 (USD Million)
Table 64 Laser Sensor Market in RoW for Aviation, By Region, 2016–2024 (USD Million)
Table 65 Laser Sensor Market in RoW for Electronics Manufacturing, By Region, 2016–2024 (USD Million)
Table 66 Laser Sensor Market in RoW for Building and Construction, By Region, 2016–2024 (USD Thousand)
Table 67 Laser Sensor Market in RoW for Chemicals Manufacturing, By Region, 2016–2024 (USD Million)
Table 68 Laser Sensor Market in South America, By End-User Industry, 2016–2024 (USD Million)
Table 69 Laser Sensor Market in Middle East and Africa, By End-User Industry, 2016–2024 (USD Million)
Table 70 Product Launch, 2017 & 2018
Table 71 Partnership/Collaboration, 2017 & 2018


List of Figures (52 Figures)

Figure 1 Laser Sensor Market
Figure 2 Research Design
Figure 3 Process Flow of Market Size Estimation
Figure 4 Data Triangulation
Figure 5 APAC to Hold Largest Size for Food & Beverages During Forecast Period
Figure 6 Services to Grow at Higher CAGR From 2019 to 2024
Figure 7 Market for Automotive in APAC to Hold Largest Size During 2019–2024
Figure 8 Market for Electronics Manufacturing in APAC to Grow at Highest CAGR During Forecast Period
Figure 9 Laser Sensor Market in RoW Expected to Grow at Highest CAGR During 2019–2024
Figure 10 Growing Demand for Miniaturization in Sensor Technologies Acts as Potential Opportunity for Market
Figure 11 Manufacturing Plant Management and Automation to Lead Laser Sensor Market During Forecast Period
Figure 12 Laser Sensor Market in Australia to Grow at Highest CAGR During Forecast Period
Figure 13 Automotive Held Largest Share of Laser Sensor Market in China in 2019
Figure 14 Compact Laser Sensor to Grow at Higher CAGR During Forecast Period
Figure 15 Laser Sensor Market: Value Chain Analysis
Figure 16 Market Dynamics: Overview
Figure 17 Laser Sensor Market Segmentation, By Offering
Figure 18 Hardware & Software Expected to Lead the Laser Sensor Market During the Forecast Period
Figure 19 Components and Accessories Forms Major Hardware Sub-Segments
Figure 20 Market for Accessories Expected to Grow at Highest Rate During the Forecast Period
Figure 21 Prominent Services Provided in the Laser Sensor Market
Figure 22 Maintenance & Support Expected to Hold Largest Size During the Forecast Period
Figure 23 Laser Sensor Market Segmentation, By Type
Figure 24 Compact Laser Sensors Expected to Lead the Laser Sensor Market During the Forecast Period
Figure 25 Ultra-Compact Laser Sensors to Hold Largest Size in Automotive During the Forecast Period
Figure 26 Applications of Laser Sensors
Figure 27 Manufacturing Plant Management and Automation Application Likely to Command Laser Sensor Market During Forecast Period
Figure 28 Sub-Applications of Manufacturing Plant Management and Automation Application of Laser Sensors
Figure 29 Machine Building and Product Manufacturing are Prominent Applications of Laser Sensors
Figure 30 Laser Sensor Market Segmentation, By End-User Industry
Figure 31 Automotive Industry to Hold Largest Size of Laser Sensor Market During Forecast Period
Figure 32 Applications of Laser Sensors in Automotive Industry
Figure 33 Ultra-Compact Laser Sensor Market for Aviation Industry Expected to Grow at Higher Car During Forecast Period
Figure 34 APAC to Exhibit Highest CAGR in Laser Sensor Market for Electronics Manufacturing Industry During Forecast Period
Figure 35 APAC Expected to Lead Laser Sensor Market for Chemicals Manufacturing Industry During Forecast Period
Figure 36 Laser Sensor Market Segmentation, By Geography
Figure 37 Geographic Snapshot: Laser Sensor Market in RoW to Grow at Highest CAGR During Forecast Period
Figure 38 Laser Sensor Market in Middle East and Africa to Grow at Highest CAGR From 2019 to 2024
Figure 39 Segmentation of Laser Sensor Market in North America, By Country
Figure 40 North America: Laser Sensor Market Snapshot
Figure 41 Segmentation of Laser Sensor Market in Europe, By Country
Figure 42 Europe: Laser Sensor Market Snapshot
Figure 43 Segmentation of Laser Sensor Market in APAC, By Country
Figure 44 APAC: Laser Sensor Market Snapshot
Figure 45 Segmentation of Laser Sensor Market in RoW, By Region
Figure 46 Key Growth Strategies Adopted By Top Companies, 2016–2018
Figure 47 Ranking of Key Players in Laser Sensor Market (2018)
Figure 48 Keyence: Company Snapshot
Figure 49 Rockwell Automation: Company Snapshot
Figure 50 Panasonic: Company Snapshot
Figure 51 OMRON: Company Snapshot
Figure 52 Acuity Laser: Company Snapshot

The study involved 4 major activities to estimate the current size of the laser sensor market. Exhaustive secondary research has been done to collect information on the market, including the peer market and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. The top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation procedures have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for the identification and collection of relevant information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain key information regarding the industry’s supply chain, market’s value chain, the total pool of key players, market segmentation according to industry trends (to the bottom-most level), geographic markets, and key developments from both market- and technology-oriented perspectives. Secondary data has been collected and analyzed to arrive at the overall market size, which was further validated by primary research.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information relevant to this report. Several primary interviews have been conducted with market experts from both the demand (product and component manufacturer across industries) and supply sides (laser sensors providing companies). This primary data has been collected through questionnaires, emails, and telephonic interviews. Primary sources include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related executives from various key companies and organizations operating in the laser sensor market. Approximately 40% and 60% of the primary interviews have been conducted from the demand and supply sides, respectively.

Laser Sensor Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Top-down and bottom-up approaches have been implemented to estimate and validate the total size of the laser sensor market. These methods have also been used extensively to estimate the size of the markets based on various subsegments. The research methodology used to estimate the market size includes the following steps:

  • Key players in the industry have been identified through extensive secondary research.
  • The industry’s supply chain and market size in terms of value have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from the demand and supply sides across different end-user industries.

Study Objectives

  • To describe and forecast the laser sensor market, in terms of value, by type, offering, application, end-user industry, and geography
  • To describe and forecast the market, in terms of value, for various segments, by region—North America, Europe, Asia Pacific, and RoW
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of laser sensor market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To provide a detailed overview of the laser sensor value chain
  • To strategically profile key players and comprehensively analyze their market ranking in terms of revenue and core competencies2, along with detailing the competitive landscape for market leaders
  • To analyze strategies such as product launches and developments, partnerships, and collaborations adopted by market players

Report Scope

Report Metric

Details

Market size availability for years

2016–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value  in terms of USD million, billion, and thousand

Segments covered

Offering, type, application, end-user industry, and region

Regions covered

North America, Europe, APAC, and RoW

Companies covered

KEYENCE CORPORATION (Japan), Micro-Epsilon (Germany), ifm electronic (Germany), Rockwell Automation, Inc. (US), Panasonic Corporation (US), OMRON Corporation (Japan), SmartRay GmbH (Germany), Schmitt Industries, Inc. (US), Banner Engineering Corp. (US), Baumer Electric AG (Switzerland), LAP GmbH Laser Applications (Germany), First Sensor AG (Germany), WayCon Positionsmesstechnik GmbH (Germany), Laser Technology, Inc. (US), OPTEX CO., LTD (Japan), TECHNOS INSTRUMENTS (India), ASM Automation Sensorik Messtechnik GmbH (Germany), Capacitec, Inc. (US), burster präzisionsmesstechnik gmbh & co kg (Germany), Variohm EuroSensor (UK), MTI Instruments Inc. (US), Balluff GmbH (Germany), Dimetix AG (Switzerland), and Cognex Corporation (US) are a few major players in the laser sensor market.

Laser sensor market segmentation:

In this report, the laser sensor market has been segmented into the following categories:

Based on Offering, the laser sensor market has been segmented as follows:

  • Hardware & Software
  • Services

Based on Type, the laser sensor market has been segmented as follows:

  • Compact
  • Ultra-compact

Based on application, the laser sensor market has been segmented as follows:

  • Manufacturing Plant Management and Automation
  • Security and Surveillance
  • Motion and Guidance

Based on End-user industry, the laser sensor market has been segmented as follows:

  • Automotive
  • Aviation
  • Food & Beverages
  • Electronics Manufacturing
  • Building and Construction
  • Chemicals Manufacturing

Based on Region, the laser sensor market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for this report:

  • Company Information: Detailed analysis and profiling of additional 5 market players
  • Country-level break-up for the market based on end-use industries
Report Code
SE 7098
Published ON
May, 2019
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