Market Overview:
The global digital laser sensor market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for digital laser sensors in various applications, such as automotive industry, aerospace & military industry, industrial manufacturing, electronics and photovoltaic industry, and others. In addition, the growing adoption of digital laser sensors in emerging countries is also contributing to the growth of this market.
Product Definition:
A digital laser sensor is a device that uses lasers to determine the distance to an object. They are often used in industrial applications to measure the position or speed of objects.
Single Purpose Digital Laser Sensor:
Single-purpose digital laser sensors are used in various applications such as industrial, automotive and consumer electronics. The increasing demand for smartphones, tablets and other smart devices is expected to be the key growth factor for the market over the forecast period.
The single-purpose digital laser sensor has a compact design with low power consumption which makes it suitable to be used in mobile phones along with other consumer electronic products such as cameras, MP3 players and others.
Multi-Purpose Digital Laser Sensor:
The multi-purpose digital laser sensor is a device that measures different physical parameters such as temperature, speed, and position. It is also used in mobile robots to help them navigate their surroundings. The main function of these sensors is to provide feedback necessary for the control system of the robot which helps it move around safely without bumping into objects or people.
Application Insights:
The automotive industry accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing need for safety systems that can sense objects and prevent accidents on the road is propelling demand. Furthermore, rising adoption of these sensors by major players such as Continental AG, Daimler AG, BMW AG, Ford Motor Company Ltd., General Motors Company LLC., Toyota Motor Corporation and Honda Motor Co., Ltd. are driving growth.
The aerospace & military industry also holds a significant share owing to increasing investments in advanced defense equipment coupled with stringent regulations regarding aircraft collision avoidance systems and cockpit automation worldwide. Moreover, rapid technological advancements coupled with high product demand from countries such as China Japan South Korea Australia New Zealand Malaysia Indonesia Philippines Thailand Russia will further propel growth over the coming years especially in Asia Pacific region which was previously dominated by North America region due to presence of major manufacturers there namely; Honeywell International Inc.
Regional Analysis:
The market in Asia Pacific is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing demand for laser sensors from various end-use industries, such as automotive and consumer electronics, across emerging economies such as China and India. In addition, rising investments by governments in developing manufacturing facilities are anticipated to fuel the regional market growth over the next eight years.
The growing industrialization coupled with rapid urbanization has resulted in increased construction activities across emerging economies of Asia Pacific region which is further expected to drive product demand during the forecast period. Furthermore, increasing military expenditure by countries like China and India are projected to augment industry penetration rates over this period.
Increasing government initiatives towards implementation of digital technologies for defense applications are estimated to propel industry penetration rates within Europe region during the same period; however, stringent regulations regarding use of lasers may hinder regional growth significantly until 2018 to 2030 time frame (depending on country).
Growth Factors:
- Increasing demand for digital laser sensors in the automotive industry for advanced driver assistance systems (ADAS) and autonomous driving applications.
- Growing demand from the medical device industry for optical coherence tomography (OCT) scanners.
- Rising adoption of digital laser sensors in 3D printing and additive manufacturing applications.
- Increasing use of digital laser sensors in smart factories and Industry 4.0 initiatives worldwide.
- Growing demand from the consumer electronics sector for gesture recognition and proximity detection applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Laser Sensor Market Research Report
By Type
Single Purpose Digital Laser Sensor, Multi-Purpose Digital Laser Sensor
By Application
Automotive Industry, Aerospace & Military Industry, Industrial Manufacturing, Electronics and Photovoltaic Industry, Others
By Companies
KEYENCE, Panasonic, SICK, Rockwell Automation, COGNEX, Turck, OMRON, ELAG, Micro-Epsilon, Acuity, MTI Instruments, BANNER, OPTEX, SENSOPART, ZSY, Sunny Optical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Digital Laser Sensor Market Report Segments:
The global Digital Laser Sensor market is segmented on the basis of:
Types
Single Purpose Digital Laser Sensor, Multi-Purpose Digital Laser Sensor
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive Industry, Aerospace & Military Industry, Industrial Manufacturing, Electronics and Photovoltaic Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- KEYENCE
- Panasonic
- SICK
- Rockwell Automation
- COGNEX
- Turck
- OMRON
- ELAG
- Micro-Epsilon
- Acuity
- MTI Instruments
- BANNER
- OPTEX
- SENSOPART
- ZSY
- Sunny Optical
Highlights of The Digital Laser Sensor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Purpose Digital Laser Sensor
- Multi-Purpose Digital Laser Sensor
- By Application:
- Automotive Industry
- Aerospace & Military Industry
- Industrial Manufacturing
- Electronics and Photovoltaic Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Laser Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A digital laser sensor is a type of sensor that uses lasers to measure distances.
Some of the major players in the digital laser sensor market are KEYENCE, Panasonic, SICK, Rockwell Automation, COGNEX, Turck, OMRON, ELAG, Micro-Epsilon, Acuity, MTI Instruments, BANNER, OPTEX, SENSOPART, ZSY, Sunny Optical.
The digital laser sensor market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Digital Laser Sensor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Digital Laser Sensor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Digital Laser Sensor Market - Supply Chain
4.5. Global Digital Laser Sensor Market Forecast
4.5.1. Digital Laser Sensor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Digital Laser Sensor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Digital Laser Sensor Market Absolute $ Opportunity
5. Global Digital Laser Sensor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Digital Laser Sensor Market Size and Volume Forecast by Type
5.3.1. Single Purpose Digital Laser Sensor
5.3.2. Multi-Purpose Digital Laser Sensor
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Digital Laser Sensor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Digital Laser Sensor Market Size and Volume Forecast by Application
6.3.1. Automotive Industry
6.3.2. Aerospace & Military Industry
6.3.3. Industrial Manufacturing
6.3.4. Electronics and Photovoltaic Industry
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Digital Laser Sensor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Digital Laser Sensor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Digital Laser Sensor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Digital Laser Sensor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Digital Laser Sensor Demand Share Forecast, 2019-2029
9. North America Digital Laser Sensor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Digital Laser Sensor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Digital Laser Sensor Market Size and Volume Forecast by Application
9.4.1. Automotive Industry
9.4.2. Aerospace & Military Industry
9.4.3. Industrial Manufacturing
9.4.4. Electronics and Photovoltaic Industry
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Digital Laser Sensor Market Size and Volume Forecast by Type
9.7.1. Single Purpose Digital Laser Sensor
9.7.2. Multi-Purpose Digital Laser Sensor
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Digital Laser Sensor Demand Share Forecast, 2019-2029
10. Latin America Digital Laser Sensor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Digital Laser Sensor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Digital Laser Sensor Market Size and Volume Forecast by Application
10.4.1. Automotive Industry
10.4.2. Aerospace & Military Industry
10.4.3. Industrial Manufacturing
10.4.4. Electronics and Photovoltaic Industry
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Digital Laser Sensor Market Size and Volume Forecast by Type
10.7.1. Single Purpose Digital Laser Sensor
10.7.2. Multi-Purpose Digital Laser Sensor
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Digital Laser Sensor Demand Share Forecast, 2019-2029
11. Europe Digital Laser Sensor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Digital Laser Sensor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Digital Laser Sensor Market Size and Volume Forecast by Application
11.4.1. Automotive Industry
11.4.2. Aerospace & Military Industry
11.4.3. Industrial Manufacturing
11.4.4. Electronics and Photovoltaic Industry
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Digital Laser Sensor Market Size and Volume Forecast by Type
11.7.1. Single Purpos Digital Laser Sensor
11.7.2. Multi-Purpose Digital Laser Sensor
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Digital Laser Sensor Demand Share, 2019-2029
12. Asia Pacific Digital Laser Sensor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Digital Laser Sensor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Digital Laser Sensor Market Size and Volume Forecast by Application
12.4.1. Automotive Industry
12.4.2. Aerospace & Military Industry
12.4.3. Industrial Manufacturing
12.4.4. Electronics and Photovoltaic Industry
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Digital Laser Sensor Market Size and Volume Forecast by Type
12.7.1. Single Purpose Digital Laser Sensor
12.7.2. Multi-Purpose Digital Laser Sensor
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Digital Laser Sensor Demand Share, 2019-2029
13. Middle East & Africa Digital Laser Sensor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Digital Laser Sensor Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Digital Laser Sensor Market Size and Volume Forecast by Application
13.4.1. Automotive Industry
13.4.2. Aerospace & Military Industry
13.4.3. Industrial Manufacturing
13.4.4. Electronics and Photovoltaic Industry
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Digital Laser Sensor Market Size and Volume Forecast by Type
13.7.1. Single Purpose Digital Laser Sensor
13.7.2. Multi-Purpose Digital Laser Sensor
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Digital Laser Sensor Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Digital Laser Sensor Market: Market Share Analysis
14.2. Digital Laser Sensor Distributors and Customers
14.3. Digital Laser Sensor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. KEYENCE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Panasonic
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SICK
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Rockwell Automation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COGNEX
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Turck
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. OMRON
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ELAG
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Micro-Epsilon
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Acuity
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. MTI Instruments
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. BANNER
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. OPTEX
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. SENSOPART
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ZSY
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Sunny Optical
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
