Market Overview:
The global single point laser sensors 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 factory automation, electronics production, robotics, and vehicle construction applications. Additionally, the growing demand for high-precision measurement systems is also contributing to the growth of this market.
Product Definition:
A single point laser sensor is a device that uses light to detect objects or changes in its environment. It consists of a transmitter and receiver, both of which use lasers. The transmitter emits a laser beam, which is then reflected off the object or surface being sensed. The receiver collects the reflected light and converts it into an electrical signal that can be interpreted by a computer or other electronic device. Single point laser sensors are often used in industrial applications where precise measurements are required, such as in machine automation and inspection tasks.
Long-distance Measurement:
Long-distance measurement is a technique used to measure the distance between two or more objects using laser light. The basic principle behind this technology is simple; the longer the beam of light travels, the higher will be its chances to interact with some object and return as an indication of that interaction. This interaction can be due to reflection, absorption or transmission.
Theory behind long-distance measurement: A laser source generates a narrow beam of light by modulating its intensity.
Short-distance Measurement:
Short-distance measurement is the technique used to measure the distance between two objects with accuracy. It uses a laser source and detector system to perform measurements. The short-distance measurement market is expected to witness significant growth over the forecast period owing to its increasing demand in single point laser sensors, which are widely used in automotive applications such as tire pressure monitoring systems (TPMS) and wheel speed sensors among others.
Application Insights:
The single point laser sensors market is segmented on the basis of application into factory automation, electronics production, robotics, vehicle construction and others. The factory automation segment dominated the overall market in terms of revenue share in 2017. This high share is attributable to increasing adoption of SPSs for process control in manufacturing facilities worldwide.
Single-point lasers are used as proximity sensors for actuation and safety switches in industrial machinery applications such as material handling equipment and automated storage systems (ASSA ABLOY). They are also used to monitor line speed which helps improve productivity by reducing human errors caused due to misalignment or sloppiness during work-piece movement along a production line. Furthermore, they provide real-time data resulting in enhanced decision making capabilities that help reduce costs associated with machine downtime while improving overall plant efficiency across various industries worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing demand for laser sensors in various application industries. The growing industrialization and rising manufacturing of consumer electronics, medical devices, factory automation equipment are some of the major factors driving regional growth.
The Asia Pacific was followed by Europe that accounted for a revenue share of 24% in 2017 owing to high adoption rate and increased usage across several applications such as automotive, logistics & warehouse monitoring, quality control in production facilities etc. In addition, rising R&D activities coupled with an increase in spending on defense & security sector is also anticipated to drive product demand over the next eight years.
Growth Factors:
- Increasing demand for miniaturization in various industrial and commercial applications is expected to drive the growth of the single point laser sensors market over the forecast period.
- The increasing demand for high-resolution images and accurate measurement is also projected to fuel the growth of this market in the near future.
- Growing awareness about safety and security among consumers is anticipated to boost the adoption of single point laser sensors across different application segments over the forecast period.
- Rising investments by key players in research and development activities are expected to propel the growth of this market duringthe forecast period. 5) The growing trend of automation across different industry verticals is projectedto create lucrative opportunities for players operating inthe single point laser sensorsmarketin coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Single Point Laser Sensors Market Research Report
By Type
Long-distance Measurement, Short-distance Measurement
By Application
Factory Automation, Electronics Production, Robotics, Vehicle Construction
By Companies
Keyence, Limab, Althen, WZrobots, Faselase, LMI Technologies, Benewake
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
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Single Point Laser Sensors Market Report Segments:
The global Single Point Laser Sensors market is segmented on the basis of:
Types
Long-distance Measurement, Short-distance Measurement
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
Factory Automation, Electronics Production, Robotics, Vehicle Construction
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
- Limab
- Althen
- WZrobots
- Faselase
- LMI Technologies
- Benewake
Highlights of The Single Point Laser 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:
- Long-distance Measurement
- Short-distance Measurement
- By Application:
- Factory Automation
- Electronics Production
- Robotics
- Vehicle Construction
- 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 Single Point Laser 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?
Single Point Laser Sensors are a type of laser sensor that uses a single laser beam to detect objects. They are often used in industrial and commercial applications, such as security systems and machine vision.
Some of the major players in the single point laser sensors market are Keyence, Limab, Althen, WZrobots, Faselase, LMI Technologies, Benewake.
The single point laser sensors market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Single Point Laser Sensors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Single Point Laser Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Single Point Laser Sensors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Single Point Laser Sensors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Single Point Laser Sensors Market Size & Forecast, 2020-2028
4.5.1 Single Point Laser Sensors Market Size and Y-o-Y Growth
4.5.2 Single Point Laser Sensors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Long-distance Measurement
5.2.2 Short-distance Measurement
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Factory Automation
6.2.2 Electronics Production
6.2.3 Robotics
6.2.4 Vehicle Construction
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Single Point Laser Sensors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Single Point Laser Sensors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Long-distance Measurement
9.6.2 Short-distance Measurement
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Factory Automation
9.10.2 Electronics Production
9.10.3 Robotics
9.10.4 Vehicle Construction
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Long-distance Measurement
10.6.2 Short-distance Measurement
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Factory Automation
10.10.2 Electronics Production
10.10.3 Robotics
10.10.4 Vehicle Construction
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Long-distance Measurement
11.6.2 Short-distance Measurement
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Factory Automation
11.10.2 Electronics Production
11.10.3 Robotics
11.10.4 Vehicle Construction
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Long-distance Measurement
12.6.2 Short-distance Measurement
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Factory Automation
12.10.2 Electronics Production
12.10.3 Robotics
12.10.4 Vehicle Construction
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Long-distance Measurement
13.6.2 Short-distance Measurement
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Factory Automation
13.10.2 Electronics Production
13.10.3 Robotics
13.10.4 Vehicle Construction
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Single Point Laser Sensors Market: Competitive Dashboard
14.2 Global Single Point Laser Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Keyence
14.3.2 Limab
14.3.3 Althen
14.3.4 WZrobots
14.3.5 Faselase
14.3.6 LMI Technologies
14.3.7 Benewake
