Market Overview

The Laser Sensor Market was valued at USD 567 Million in 2019, at a CAGR of 8.63%. The emerging semiconductor laser technologies are greatly revolutionizing the industrial automation process. Industries like automotive and electronics are greatly benefiting greatly from the advances in the use of laser manufacturing, 3D sensing and imaging, lidar, and industrial machine vision.

  • The advent of the Industry 4.0 revolution, is expected to be one of the defining themes of the current era, ensuring the combination of connectivity, flexibility, artificial intelligence, and speed that is essential to deliver next-level industrial productivity, is significantly influencing the market.
  • Sectors like automobile manufacturing are highly automated and make extensive use of laser sensors and scanners for ensuring required levels of quality assurance and regular test and measurement applications. They can quickly and accurately measure displacements or positions without touching the target.
  • Going forward, IIoT (Industrial Internet of Things) is expected to stimulate huge demand for sensors. Additionally, given the domain expertise of industrial players IIoT is expected to create higher-margin growth opportunities for the laser sensor vendors.



Scope of the Report

Laser sensor is an electrical device used to sense minute objects and other precise positions. It is used for contactless measurement by turning the physically measured value into electric signals. The laser sensor works on the triangulation principle.

Key Market Trends

Increasing Adoption of Smart Manufacturing Practices Will Proliferate Growth of Laser Sensors

  • IIoT expected to become a game-changer for the modern factory. Connected factories are expected to have the ability to monitor and control virtually everything in the manufacturing process and can be managed both from the factory floor or remotely. Connectivity can further accelerate the process of automation and enable the manufacturing process to take advantage of cognitive analysis, machine learning, and big data.
  • The projected factory automation and industrial controls market across the globe is expected to go up from USD 164.04 billion in 2017 to USD 261.88 billion by the end of 2023, generating multiple opportunities for deployment of laser-based automation systems.
  • The use of industrial lasers in manufacturing is already being used in applications like material processing, micromachining, marking and engraving. Laser technology capacitates the factories to provide value to the products they create.
  • Examples, where lasers are being extensively used, include engraving custom names or logos; simultaneously barcoding multiple products; adding identification marks to reduce counterfeiting; apart from producing multiple varieties of laser marks on a number of materials, like bare metals, coated metals, anodized metals, and plated metals. The advantage of using laser sensors is that each of these works in carried out with incredibly fine detail.
  • Additionally, laser systems are being progressively connected to a factory network as a manifestation of the IIoT, thereby presenting new possibilities for system maintenance, monitoring, remote troubleshooting, and continual product support.



Asia-Pacific Market for Laser Sensors will Experience a Healthy Growth Rate

  • As leading manufacturing hub of the globe, Asia-Pacific is expected to offer maximum opportunities for adoption of emerging technologies like the Industrial Internet of Things and Artificial intelligence at varying speeds, gradually transitioning towards "smart manufacturing" and "smart factories".
  • Countries like Singapore have been at the forefront of the adoption of Industry 4.0 capabilities and are playing a major role in driving the overall productivity growth of the nation.
  • In China, private players are gradually adopting Industry 4.0 enabling technologies. The smart manufacturing revolution in the country has been led by state-owned manufacturers like China Baowu Steel Group, as they are willing to invest in related equipment and technologies that can increase productivity and reduce carbon emissions.



Competitive Landscape

The market consolidation of the Laser Sensors is happening at a faster pace as it enters the commodity status. There are multiple non-laser companies that are entering the market to leverage the opportunities its presents or use the sensors for their own applications. Additionally, there are many laser manufacturers that are making acquisitions to expand their product portfolio. Some of the recent developments in the industry are as follows: -

  • November 2019 - Micro-Epsilon has extended its optoNCDT 1750 portfolio of laser triangulation sensors with the introduction of a new Blue Laser version for measurement of high-speed displacement, distance, and position. The sensors have new high-performance lenses, laser control, and evaluation algorithms to facilitate precise measurements on different surfaces and materials.
  • June 2018 - SICK launched the OD5000 displacement sensor that enables high-performance measurement at frequencies of up to 80kHz. This feature is also there for fast-moving and rotating objects and in high-speed production applications.



Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client’s requirements
  • 3 months of analyst support