A Laser displacement sensor consist of a light emitting element and a PSD (Position Sensitive Detector). This device is primarily used to measure the distance travelled by an object from its initial position to its final position. Moreover, a laser displacement sensor is also used to determine an object’s thickness, width and height using triangulation method. In a laser displacement sensor, a laser is primarily used as the light emitting element. The working principal of a laser displacement sensor is majorly based on the principle of reflection of light. The laser in the displacement sensor focus a beam on the target and the beam reflects back to the position sensitive detector after striking the target forming a beam spot. Displacement of the target object is determined by detecting the movement of the beam spot. The Laser displacement sensor market is anticipated to witness an exponential growth during the forecast period from 2017 to 2025 owing to the increasing adoption of laser displacement sensor across various application areas especially in material handling, machine tools and robotics among others.
In order to provide and exhaustive and in-depth analysis of the market, the global laser displacement sensor market is segmented on the basis of product type, diffuse reflective sensing, end use industry and geography. Different types of laser displacement sensor available in the market includes 1D laser displacement sensor and 2D laser displacement sensor. Moreover, based on diffuse reflective sensing, the laser displacement sensor market can be further categorized into <100mm, 100mm - 300mm and >300mms. In addition, laser displacement sensor also finds its application across various industrial sectors including consumer electronics, automotive, robotics, aerospace and defense and packaging sector among others. Furthermore, information related to future predictive market growth along with current market synopsis of all the above mentioned segment across different regions such as Asia Pacific, North America, Europe, Middle-East and Africa (MEA) and Latin America is also highlighted in this report.
Rising demand for laser displacement sensor from the automotive sector is one of the primary factor anticipated to drive the market growth of laser displacement sensor during the forecast period from 2017 to 2025. Laser displacement sensors plays a vital role for providing enhanced functionality and ensuring proper safety by controlling various automotive applications in engines, automatic gear shifter and collision avoidance system among others. In addition, rising adoption of laser displacement sensor for accurately measuring the dimension of aero engine blade is also anticipated to create a better opportunity for various laser displacement sensor manufacturers in the coming years. Moreover, increasing use of laser displacement sensor for measuring thickness of wafer, thickness and parallelism of glass sheet, measurement of substrate thickness in a solar cell and for detecting HDD (Hard Disk Drive) arm assembly position is also expected to propel the demand for laser displacement sensor during the forecast period.
However, lack of extensive research and development activities coupled with absence of proper standards to measure the performance of a laser displacement sensor is anticipated to inhibit the market growth of laser displacement sensor to some extent during the forecast period. Moreover, fluctuating inflow of revenue for the laser displacement sensor manufacturers is also predicted to limit various manufacturers to enter into the market thereby affecting the market growth negatively.
Geographically, the laser displacement sensor market is majorly driven by the Asia Pacific region in terms of growth during the forecast period from 2017 to 2025. Huge concentration of laser displacement sensor manufacturers coupled with increasing demand for laser displacement sensor from the rapidly growing automotive and packaging industry in Asia Pacific region is the most important factor behind this region’s dominance. On the other hand, in Europe, various joint initiative has been taken by European Union (EU) and other companies to manufacture collaborative robots in the coming years. This in turn is also predicted to trigger the demand of laser displacement sensors used for providing different information to the controller in the form of electronic signals that helps the robots to perform its tasks.
Due to the presence of large number of manufacturers, the global laser displacement sensor market is fragmented in nature. Some of the major players operating in the laser displacement sensor market includes KEYENCE (Japan), OMRON (Japan), Panasonic (Japan) and MTI Instruments (U.S) among others.
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