The laser sensor market is forecasted to grow by USD 827.8 mn during 2023-2028, accelerating at a CAGR of 11.3% during the forecast period. The report on the laser sensor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by adoption of laser sensors in smart cities, growing demand for advanced safety systems, and increased government initiatives toward automation.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
9.9%
CAGR
11.3%
Incremental Value
$827.8 mn
Technavio's laser sensor market is segmented as below:
By End-user
Industrial
Aerospace defense
Automotive
By Geographical Landscape
APAC
North America
Europe
Middle East and Africa
South America
This study identifies the rapid technological advancements in automation and industry 4.0 as one of the prime reasons driving the laser sensor market growth during the next few years. Also, growing need for photodetectors to control product movement and high demand for laser sensors in food manufacturing industry will lead to sizable demand in the market.
The report on the laser sensor market covers the following areas:
Laser Sensor Market sizing
Laser Sensor Market forecast
Laser Sensor Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading laser sensor market vendors that include Banner Engineering Corp., Baumer Holding AG, Ekspla, ifm electronic gmbh, Jenoptik AG, Keyence India Pvt. Ltd., LAP GmbH Laser Applikationen, Laser Technology Inc., Micro Epsilon Messtechnik GmbH and Co. KG, OMRON Corp., OPTEX GROUP CO. LTD., Panasonic Holdings Corp., Rockwell Automation Inc., Schmitt Industries Inc., SmartRay GmbH, Technos Instruments, TRUMPF SE Co. KG, and WayCon Positionsmesstechnik GmbH. Also, the laser sensor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Laser Sensor Market 2018 - 2022
Historic Market Size - Data Table on Global Laser Sensor Market 2018 - 2022 ($ million)