Global Laser Displacement Sensors Market growing at a CAGR of 8.0 % from 2023 to 2030
Category : Semiconductor And Electronics | Published Date : May 2023 | Type : Press Release
Key Market Overview
The Global Laser Displacement Sensors Market was valued at USD 3,723.55 million in 2022 and is expected to register a compound annual growth rate of 8.0% to reach USD 6,739.72 million in 2030.
The report highlights the increasing demand for automation in industries such as automotive, manufacturing, and consumer electronics. Consegic Business Intelligence provides an inclusive research report on the laser displacement sensor market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.
Global Laser Displacement Sensors Market By Overview
The report analyses significant segments such as operation, product type, technology, capacity, pricing, sales channel, and region, to identify emerging trends and potential opportunities. The end-user segment is expected to grow due to the increasing demand for accurate and precise sensing technologies in industrial and automotive applications. Laser displacement sensors are deployed in the automotive industry for measurement of height, width, and size of complex parts in automotive systems. Moreover, the displacement sensors are used for industrial application to automate various processes such as quality control, measurement & testing, and monitoring applications.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand for industrial automation in sector including consumer electronics.
- Growing requirement for measurement of deflection and decentering among industrial sectors.
- The increasing demand for quality control and inspection applications in industries such as automotive, manufacturing, and retail is driving the growth of laser displacement sensor market.
Restraints:
- The high maintenance costs of laser displacement sensors is hindering the growth of the market
- Inefficient results rendered by laser displacement sensors due to external environmental conditions.
Market Segmentation:
| Report Attributes | Report Details |
| By Range | Less than 100mm, 100mm-300mm, and Above 300mm |
| By End-User | Automotive, Aerospace & Defense, Industrial, Consumer Electronics, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The Global Laser Displacement Sensors Market is highly competitive due to the presence of major players such as Banner Engineering Corp., Cognex Corporation, Delta Electronics Inc., Keyence Corporation, Mechanical Technology, Micro-Epsilon Messtechnik GmbH & Co. KG, OMRON Corporation, Panasonic Corporation, SICK AG operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in Laser Displacement Sensor are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.
- Banner Engineering Corp.
- Cognex Corporation
- Delta Electronics Inc.
- Incorporated
- Keyence Corporation
- Mechanical Technology
- Micro-Epsilon Messtechnik GmbH & Co. KG
- OMRON Corporation
- Panasonic Corporation
- SICK AG
