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Global Laser Sensor Market: By Component: Hardware and Software, Services; By Industry: Electronics Manufacturing, Aviation, Construction, Automotive, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: SWOT Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Laser Sensor Market Outlook
The global laser sensor market attained a value of about USD 950 million in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 9.9% to reach nearly USD 1,674 million by 2026.
Rising Demand for Laser Sensors in the Automotive Sector Augmenting the Industry Growth
The robust growth of the automotive industry is propelling the market growth. As complex shapes are constructed during the manufacturing of automobiles, laser sensors are increasingly deployed to detect potential errors or inconsistencies. Moreover, the increasing use of laser sensors by engineers to measure vehicles’ deacceleration during a crash to enhance their safety is augmenting the industry growth.
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The advent of LiDAR technology is enhancing the navigation capabilities of vehicles while automating various systems, consequently increasing the deployment of laser sensors in automated vehicles, which is also bolstering the market growth. In addition, the increasing investments in laser sensing technology by the key automobile companies to develop innovative and advanced vehicles are further fuelling the growth of the laser sensor industry. For instance, in November 2020, Daimler AG’s truck unit invested in Luminar Technologies Inc. to accelerate the development of its self-driving trucks in the United States.
Laser Sensor: Industry Definition and Segmentation
A laser sensor is an equipment that is deployed to measure distance and electric signals by utilising laser technology. It measures distance and signals accurately, due to which they are used in precise operations. Moreover, it is easy to use, which makes it ideal for various industries, such as automotive, construction, and manufacturing, among others.
The major components of laser sensor are:
- Hardware and Software
- Services
The market can be broadly categorised on the basis of its industries into:
- Electronics Manufacturing
- Aviation
- Construction
- Automotive
- Others
The EMR report looks into the regional markets of laser sensor like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Growing Demand for Smart Laser Sensors to Bolster the Market Growth
The global market for laser sensor is being driven by the increasing demand for smart laser sensors in various end-use industries. The deployment of smart laser sensors to enhance efficiency and decision-making processes is also invigorating the market growth. Moreover, the development of cost-effective smart laser sensors owing to rapid digitisation is increasing its use, which is significantly contributing to the market growth. The initiation of research programs for various companies to develop sustainable laser sensors to appeal to the environmentally conscious population is expected to drive the industry growth. In addition, innovations such as sensor fusion are leading to the integration of diverse sensors to develop advanced devices with enhanced applications. This is projected to aid the growth of the laser sensor industry. As the demand for reliable and accurate laser sensors for error-proof and precise results is surging, advancements in laser sensing technology are estimated to provide further impetus to the market growth in the forecast period.
Key Industry Players in the Global Laser Sensor Market
The report presents a detailed analysis of the following key players in the global laser sensor market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Keyence Corporation
- MTI Instruments Inc.
- Rockwell Automation, Inc.
- Dimetix AG
- First Sensor AG
- SmartRay GMBH
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2016-2020 |
| Forecast Period | 2021-2026 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Industry, Region |
| Breakup by Component | Hardware and Software, Services |
| Breakup by Industry | Electronics Manufacturing, Aviation, Construction, Automotive, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Keyence Corporation, MTI Instruments Inc., Rockwell Automation, Inc., Dimetix AG, First Sensor AG, SmartRay GMBH, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Laser Sensor Market Analysis
8.1 Key Industry Highlights
8.2 Global Laser Sensor Historical Market (2016-2020)
8.3 Global Laser Sensor Market Forecast (2021-2026)
8.4 Global Laser Sensor Market by Component
8.4.1 Hardware and Software
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Services
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.5 Global Laser Sensor Market by Industry
8.5.1 Electronics Manufacturing
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Aviation
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Construction
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Automotive
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Others
8.6 Global Laser Sensor Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Keyence Corporation
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 MTI Instruments Inc.
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Rockwell Automation, Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Dimetix AG
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 First Sensor AG
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 SmartRay GMBH
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Laser Sensor Market: Key Industry Highlights, 2016 and 2026
2. Global Laser Sensor Historical Market: Breakup by Component (USD Million), 2016-2020
3. Global Laser Sensor Market Forecast: Breakup by Component (USD Million), 2021-2026
4. Global Laser Sensor Historical Market: Breakup by Industry (USD Million), 2016-2020
5. Global Laser Sensor Market Forecast: Breakup by Industry (USD Million), 2021-2026
6. Global Laser Sensor Historical Market: Breakup by Region (USD Million), 2016-2020
7. Global Laser Sensor Market Forecast: Breakup by Region (USD Million), 2021-2026
8. North America Global Laser Sensor Historical Market: Breakup by Country (USD Million), 2016-2020
9. North America Global Laser Sensor Market Forecast: Breakup by Country (USD Million), 2021-2026
10. Europe Global Laser Sensor Historical Market: Breakup by Country (USD Million), 2016-2020
11. Europe Global Laser Sensor Market Forecast: Breakup by Country (USD Million), 2021-2026
12. Asia Pacific Global Laser Sensor Historical Market: Breakup by Country (USD Million), 2016-2020
13. Asia Pacific Global Laser Sensor Market Forecast: Breakup by Country (USD Million), 2021-2026
14. Latin America Global Laser Sensor Historical Market: Breakup by Country (USD Million), 2016-2020
15. Latin America Global Laser Sensor Market Forecast: Breakup by Country (USD Million), 2021-2026
16. Middle East and Africa Global Laser Sensor Historical Market: Breakup by Country (USD Million), 2016-2020
17. Middle East and Africa Global Laser Sensor Market Forecast: Breakup by Country (USD Million), 2021-2026
18. Global Laser Sensor Market Structure
Key Questions Answered in the Report
In 2020, the global laser sensor market attained a value of nearly USD 950 million.
The market is projected to grow at a CAGR of 9.9% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 1,674 million by 2026.
The market is being aided by the rising deployment of laser sensors in the manufacturing of automobiles and the increasing investments in laser sensing technologies by major companies to boost the development of self-driving and automated vehicles.
The industry is expected to be driven by technological advancements, the rising demand for smart laser sensors, and the development of cost-effective laser sensors.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major components of laser sensor in the industry are hardware and software, and services.
The significant industries in the market are electronics manufacturing, aviation, construction, and automotive, among others.
The major players in the industry are Keyence Corporation, MTI Instruments Inc., Rockwell Automation, Inc., Dimetix AG, First Sensor AG, and SmartRay GMBH, among others.
Analyst Review
The global laser sensor market attained a value of nearly USD 950 million in 2020, driven by the rising deployment of laser sensors in the manufacturing of automobiles. Aided by the rising demand for smart laser sensors, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 9.9%. The market is projected to reach about USD 1,674 million by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its components, the laser sensor industry can be segmented into hardware and software, and services. On the basis of industries, the industry is divided into electronics manufacturing, aviation, construction, and automotive, among others. The major regional markets for laser sensor are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Keyence Corporation, MTI Instruments Inc., Rockwell Automation, Inc., Dimetix AG, First Sensor AG, and SmartRay GMBH, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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