Market Overview:
The global distance measuring optical sensors market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial automation, construction, and logistics applications across the globe. Additionally, factors such as rising awareness about safety and security hazards and growing demand for advanced measurement technologies are also contributing to the growth of this market. On the basis of type, the global distance measuring optical sensors market is segmented into laser type and LED type sensors. The laser type segment is expected to hold a larger share of this market during the forecast period owing to its advantages such as high accuracy and precision over other types of optical sensors. On the basis of application, industrial automation held a major share in 2017 owing to its widespread adoption across various industries for tasks such as machine vision inspection, material handling & robotics control etc.
Product Definition:
Distance Measuring Optical Sensors are used to measure the distance between two points. This information is then used to calculate the size or position of an object.
Laser Type:
Laser type is a technology used in optical sensors for the measurement of distance. It utilizes light source and detector to determine the distance between two objects. The major application areas include industrial, consumer electronics, medical and automotive sectors. In case of consumer electronics industry, it is widely used in smartphones as a substitute for touch screen technology due to its high accuracy and reliability features which are also driving market growth factors.
LED Type:
The global LED type and it's usage in optical sensors market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for high-performance optical sensors from various end-use industries such as automotive, healthcare, manufacturing, etc.
Application Insights:
The others application segment includes consumer electronics, healthcare, and the automotive industry. The use of LDMs in the automotive industry is anticipated to witness significant growth over the forecast period owing to their increasing adoption in applications such as inventory management and safety switches. The construction sector is also expected to be one of the prominent users due to its rising penetration for monitoring distances along with other parameters such as temperature and humidity using LIDAR technology.
The industrial automation segment accounted for a major market share in 2017 owing to its rising adoption across numerous industries including manufacturing, logistics, etc. For instance, In 2014 Honeywell International Inc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing industrialization and rapid urbanization in emerging economies such as China, India, and Japan. In addition, rising disposable income levels are anticipated to fuel the demand for consumer electronics products such as smartphones and tablets which will further propel the regional market growth over the forecast period.
The Asia Pacific region accounted for a revenue share of 23.2% in 2017 owing to high product penetration in industrial automation applications across countries like China, Japan, South Korea among others will boost its growth further over next seven years from 2018 to 2030 timeframe).
Growth Factors:
- Increasing demand for miniaturization in consumer electronics and medical devices
- Growing trend of automation in industrial and commercial sectors
- Proliferation of optical fiber networks across the globe
- Rising adoption of laser-based distance measuring sensors in automotive applications
- Emergence of next-generation 3D sensing technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
Distance Measuring Optical Sensors Market Research Report
By Type
Laser Type, LED Type
By Application
Industrial Automation, Construction, Logistics, Hazards Measurement, Others
By Companies
Acuity, Balluff, Banner Engineering, Baumer, ELAG, KEYENCE, Leuze, Micro-Epsilon, MTI Instruments, Omron, OPTEX, Panasonic, Pepperl+Fuchs, SensoPart, SENSOPART, SHARP, SICK, Turck
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Distance Measuring Optical Sensors Market Report Segments:
The global Distance Measuring Optical Sensors market is segmented on the basis of:
Types
Laser Type, LED Type
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
Industrial Automation, Construction, Logistics, Hazards Measurement, 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:
- Acuity
- Balluff
- Banner Engineering
- Baumer
- ELAG
- KEYENCE
- Leuze
- Micro-Epsilon
- MTI Instruments
- Omron
- OPTEX
- Panasonic
- Pepperl+Fuchs
- SensoPart
- SENSOPART
- SHARP
- SICK
- Turck
Highlights of The Distance Measuring Optical Sensors 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:
- Laser Type
- LED Type
- By Application:
- Industrial Automation
- Construction
- Logistics
- Hazards Measurement
- 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 Distance Measuring Optical Sensors 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Distance measuring optical sensors are used to measure the distance between two objects.
Some of the major companies in the distance measuring optical sensors market are Acuity, Balluff, Banner Engineering, Baumer, ELAG, KEYENCE, Leuze, Micro-Epsilon, MTI Instruments, Omron, OPTEX, Panasonic, Pepperl+Fuchs, SensoPart, SENSOPART, SHARP, SICK, Turck.
The distance measuring optical sensors market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Distance Measuring Optical Sensors 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. Distance Measuring Optical Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Distance Measuring Optical Sensors Market - Supply Chain
4.5. Global Distance Measuring Optical Sensors Market Forecast
4.5.1. Distance Measuring Optical Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Distance Measuring Optical Sensors Market Size (000 Units) and Y-o-Y Growth
4.5.3. Distance Measuring Optical Sensors Market Absolute $ Opportunity
5. Global Distance Measuring Optical Sensors 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. Distance Measuring Optical Sensors Market Size and Volume Forecast by Type
5.3.1. Laser Type
5.3.2. LED Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Distance Measuring Optical Sensors 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. Distance Measuring Optical Sensors Market Size and Volume Forecast by Application
6.3.1. Industrial Automation
6.3.2. Construction
6.3.3. Logistics
6.3.4. Hazards Measurement
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Distance Measuring Optical Sensors 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. Distance Measuring Optical Sensors 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 Distance Measuring Optical Sensors 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. Distance Measuring Optical Sensors 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 Distance Measuring Optical Sensors Demand Share Forecast, 2019-2026
9. North America Distance Measuring Optical Sensors 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 Distance Measuring Optical Sensors 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 Distance Measuring Optical Sensors Market Size and Volume Forecast by Application
9.4.1. Industrial Automation
9.4.2. Construction
9.4.3. Logistics
9.4.4. Hazards Measurement
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 Distance Measuring Optical Sensors Market Size and Volume Forecast by Type
9.7.1. Laser Type
9.7.2. LED Type
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 Distance Measuring Optical Sensors Demand Share Forecast, 2019-2026
10. Latin America Distance Measuring Optical Sensors 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 Distance Measuring Optical Sensors 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 Distance Measuring Optical Sensors Market Size and Volume Forecast by Application
10.4.1. Industrial Automation
10.4.2. Construction
10.4.3. Logistics
10.4.4. Hazards Measurement
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 Distance Measuring Optical Sensors Market Size and Volume Forecast by Type
10.7.1. Laser Type
10.7.2. LED Type
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 Distance Measuring Optical Sensors Demand Share Forecast, 2019-2026
11. Europe Distance Measuring Optical Sensors 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 Distance Measuring Optical Sensors 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 Distance Measuring Optical Sensors Market Size and Volume Forecast by Application
11.4.1. Industrial Automation
11.4.2. Construction
11.4.3. Logistics
11.4.4. Hazards Measurement
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 Distance Measuring Optical Sensors Mrket Size and Volume Forecast by Type
11.7.1. Laser Type
11.7.2. LED Type
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 Distance Measuring Optical Sensors Demand Share, 2019-2026
12. Asia Pacific Distance Measuring Optical Sensors 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 Distance Measuring Optical Sensors 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 Distance Measuring Optical Sensors Market Size and Volume Forecast by Application
12.4.1. Industrial Automation
12.4.2. Construction
12.4.3. Logistics
12.4.4. Hazards Measurement
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 Distance Measuring Optical Sensors Market Size and Volume Forecast by Type
12.7.1. Laser Type
12.7.2. LED Type
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 Distance Measuring Optical Sensors Demand Share, 2019-2026
13. Middle East & Africa Distance Measuring Optical Sensors 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 Distance Measuring Optical Sensors 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 Distance Measuring Optical Sensors Market Size and Volume Forecast by Application
13.4.1. Industrial Automation
13.4.2. Construction
13.4.3. Logistics
13.4.4. Hazards Measurement
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 Distance Measuring Optical Sensors Market Size and Volume Forecast by Type
13.7.1. Laser Type
13.7.2. LED Type
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 Distance Measuring Optical Sensors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Distance Measuring Optical Sensors Market: Market Share Analysis
14.2. Distance Measuring Optical Sensors Distributors and Customers
14.3. Distance Measuring Optical Sensors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Acuity
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Balluff
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Banner Engineering
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Baumer
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ELAG
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. KEYENCE
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Leuze
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Micro-Epsilon
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MTI Instruments
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Omron
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. OPTEX
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Panasonic
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Pepperl+Fuchs
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. SENSOPART
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. SHARP
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. SICK
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Turck
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
