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Laser sensors are generally consists of optical components, photoelectric devices, and lasers, which use laser technology for measurement of various parameters based on its application. These sensors help detect presence of small objects based on position or light intensity, by convert physical measured value into an analogue electrical signal or optical signal. Laser sensors can be used on various reflective surfaces, materials and colors, and in many sectors of industry and research for distance measurement. Owing to structurally simple, adaptable, easy to manufacture and high precision attributes, laser sensors find increasing application in height measurement, thickness measurement, weld gap detection, train and railroad inspection, crane positioning and others.

Laser Sensor Market – Competitive Landscape

The global laser sensor market includes large number of players. Some of the key players are Keyence Corporation, Panasonic Corporation, LAP GmbH Laser Applications, Banner Engineering Corp., Optex Co., Ltd, Schmitt Industries, Inc., OMRON Corporation, MTI Instruments Inc., Technos Instruments, Rockwell Automation, Inc. and Micro-Epsilon.

  • In May 2019, Banner Engineering Corp., a leading player in laser sensor market, introduced SI-RF Series RFID Safety Switches to monitor the status and position of doors, gates and similar guards, separating personnel and equipment from a hazard. The switches are consist of a RFID coded actuator and an RFID safety sensor which work in easy-to-deploy pairs.
  • In May 2019, Panasonic Corporation announced the launch of ‘Nymbus’ – the first of its kind smart EV charging service in India. The new service, designed and developed to cater the growing Indian mobility market, combines various physical components such as charging stations, telematics systems, and others with virtual components including AI, cloud service, and analytics to deliver one stop solution.
  • In March 2019, Keyence Corporation released its new Image-based Laser Sensor IX Series, which enables accurate height confirmation even with displaced or misaligned targets. With the new sensor, height confirmation can be performed over an entire area with a single device and for multiple location.

LAP GmbH Laser Applications

Founded in 1984, LAP GmbH Laser Applications is based in Lüneburg, Germany, and operates across Europe, America, and Asia. The company manufacturers and market laser measurement systems, and offers a range of line lasers, sensors, projectors, and patient alignment and virtual simulation systems.

Optex Co., Ltd.

Established in 1979, Optex Co., Ltd. is headquartered in Otsu, Japan, and primarily specializes in developing, manufacturing, and selling sensing technology worldwide. The company provides a line of indoor & outdoor sensors, automatic door sensors, fiber optical sensors, IR photo beams, CCTV lighting, and remote video surveillance services.

Schmitt Industries, Inc.

Founded in 1984, Schmitt Industries, based in Portland, Oregon, and designs, manufacturers, and sells test and measurement products across the world. The company offers its products under various trademarks including SBS, SMS, Xact, Lasercheck, Acuity, and AccuProfile.

OMRON Corporation

Established in 1933, OMRON Corporation is headquartered in Kyoto, Japan, and specializes in manufacturing and supply of automation components, equipment, and systems worldwide. The company is also generally known for medical equipment including digital thermometers, nebulizers, and blood pressure monitors.

MTI Instruments Inc.

Founded in 1961, MTI Instruments headquartered in Albany, New York, and operates as a subsidiary of Mechanical Technology, Incorporated. The company designs, manufactures, and markets non-contact measurement systems and sensors for position, vibration, displacement, thickness, and dimensional gauging applications.

Laser Sensor Market – Dynamics

With increasing focus of key manufacturers on smart and miniature products along with designs responsive to modern production techniques which help improve the overall reliability of the product, the laser sensor market has been gaining rising momentum over the years. Growing adoption of laser sensors in manufacturing plant management and automation applications for measuring displacement, distance, and positions continue to drive the market growth.

Further, enhanced range of laser sensors are growing in demand across food & beverage industry, in order to ensure high accuracy in measuring dimensions such as height, diameter and thickness. Significant demand for laser sensors across various end-use industries can be attributed to their ability withstand strong environment such as strong radiation and strong magnetic field. Moreover, increasing adoption of automation technologies to replace aging workforce and outdated technologies, increasing government initiatives to promote the manufacturing sector, and rapid technological advances remain the key aspects accelerating the growth of laser sensor market.

Growing need to improve manufacturing productivity and industrial growth has directly influenced the demand for laser sensors that help ensure measurement and quality task control in various manufacturing inspection application. Further, with depletion of conventional resources and increasing greenhouse emissions, several countries are shifting their focus towards renewable resources to produce power, which in turn has advanced the application of laser sensors in wind energy generation. Prospects of the laser sensor market remain promising, as key manufacturers are focusing on the development of small size sensors that would help achieve special measurements and work at extreme temperature conditions.

Laser Sensor Market - Segmentation

In terms of type, the global laser sensor market can be bifurcated into:

  • Compact
  • Ultra-compact

On the basis of offering, the global laser sensor market can be segmented into:

  • Hardware & Software
  • Services

In terms of application, the global laser sensor market is segmented into:

  • Manufacturing Plant Management & Automation
  • Security & Surveillance

On the basis of end-use industry, the market is segmented into:

  • Automotive
  • Aerospace and Defense
  • Food and Beverages
  • Consumer Electronics
  • Building and Construction
  • Chemicals Manufacturing

The report on laser sensor market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The laser sensor market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The laser sensor market report also maps the qualitative impact of various market factors on market segments and geographies.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Laser Sensor Market

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