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Global Laser Sensor Market 2019-2024 - Focus of Players on Smart and Miniaturization TechnologyDUBLIN, May 24, 2019 /PRNewswire/ -- The "Laser Sensor Market by Offering (Hardware & Software and Services), Type (Compact and Ultra-Compact), Application (Manufacturing Plant Management & Automation and Security & Surveillance), End-user Industry, and Geography - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.  The laser sensor market is expected to grow from USD 535 million in 2019 to USD 863 million by 2024, growing at a CAGR of 10.0% during the forecast period. The laser sensor market has been gaining momentum majorly due to the increasing focus of players on smart and miniaturization technology, coupled with designs responsive to modern production techniques, which helps improve the overall product reliability. Hardware & software segment is expected to hold largest size of laser sensor market during forecast period The hardware comprises mounting clamps, mounting plates, clamps, rods, bases, clamp screws, tools, nuts, slits, lenses, camera reflectors, polarizing filters, and cables. The software comes as a bundled product. The hardware and software segment holds a larger size of the laser sensor market. Major players in the laser sensors market offering hardware and software for laser sensors include KEYENCE, Rockwell, Panasonic, OMRON, and First Sensor, among many others. Manufacturing plant management and automation application is expected to hold largest size of laser sensor market during forecast period The market growth is attributed to the increasing need for laser sensors in manufacturing inspection applications to ensure measurement and quality control tasks. This would increase the manufacturing productivity and foster industrial growth, which would ultimately change the competitiveness of companies and, in turn, regions. RoW is expected to record highest growth rate during forecast period RoW is expected to witness the highest growth rate during the forecast period Rising investments in packaging industry by major companies, growing tie-ups between the global players and the companies in this region, and increasing demands for laser sensors in the packaging industry have boosted the growth of the laser sensor market in Row for the plant manufacturing and automation application. Key Topics Covered: 1 Introduction 5.6.1.3 Increasing Government Initiatives 5.6.2 Restraints 5.6.2.1 Lack of Technological Advancements 5.6.3 Opportunities 5.6.3.1 Growing Demand for Miniaturization in Sensor Technologies 5.6.4 Challenge 5.6.4.1 Requirement of High Power and Energy Density for Measurement of Smaller Beams 6 Laser Sensor Market, By Offering 6.1 Introduction 6.2 Hardware & Software 6.2.1 Hardware 6.2.1.1 Components 6.2.1.1.1 Laser Sensors Uses Critical Components to Perform Necessary Applications 6.2.1.2 Accessories 6.2.1.2.1 Laser Sensors Use A Limited Set of Accessories When Put to Use 6.2.2 Software 6.2.2.1 Use of Software Enables Users' to Set Measurement Parameters 6.3 Services 6.3.1 Installation/Integration 6.3.1.1 Installation/ Integration First and Most Critical Stage 6.3.2 Maintenance & Support 6.3.2.1 Repair Service Enables Laser Sensors to Ensure Quality Service, Speed, and Optimal Performance 7 Laser Sensor Market, By Type 7.1 Introduction 7.2 Compact 7.2.1 Compact Laser Sensors are Ideal Solution for Automation, Integration and Robotics Applications 7.3 Ultra-Compact 7.3.1 Triangulation and Cmos Technology Improve the Usefulness of Ultra-Compact Laser Sensors 8 Laser Sensor Market, By Application 8.1 Introduction 8.2 Manufacturing Plant Management and Automation 8.2.1 Manufacturing 8.2.1.1 Machine Building 8.2.1.1.1 Miniaturized Design of Laser Sensors Enables Easy Integration Into Machines 8.2.1.2 Product Manufacturing 8.2.1.2.1 Increasing Technological Sophistication Increases Complexity in Product Manufacturing 8.2.2 Handling and Assembly 8.2.2.1 Proximity and Count Measurements are Significant Applications of Laser Sensors in Handling and Assembly 8.3 Security and Surveillance 8.3.1 Location Mapping and Height Measurement are Critical to Military, Homeland, and Private Security Applications for Which Laser Sensors are Deployed 8.4 Motion and Guidance 8.4.1 Shipping and Aerospace Industries Largely Use Laser Sensors for Precise Height Measurement Applications 9 Laser Sensor Market, By End-User Industry 9.1 Introduction 9.2 Automotive 9.2.1 Vehicle Guidance and Automation 9.2.1.1 Vehicle Guidance and Automation are Prominent Applications of Laser Sensors in Automotive Industry 9.2.2 Traffic Management 9.2.2.1 Increasing Demand for Efficient Traffic Management Through Data Collection is Largely Driven With Use of Laser Sensors 9.3 Aviation 9.3.1 Laser Sensors are Used Extensively for Designing and Building of Aircraft 9.4 Food & Beverages 9.4.1 Packaging, Distribution, and Warehousing Applications are Performed Using Laser Sensors 9.5 Electronics Manufacturing 9.5.1 High Focus of Electronics Manufacturing Industry on Using Automation to Improve Plant Productivity and Efficiency Drives Adoption of Laser Sensors 9.6 Building and Construction 9.6.1 Growing Infrastructure Projects Require Laser Sensors to Perform Critical Measurement Tasks 9.7 Chemicals Manufacturing 9.7.1 Non-Contact Displacement Sensors are More Preferred for Dimensional Measurements in Chemicals Manufacturing 10 Geographic Analysis 10.1 Introduction 10.2 North America 10.2.1 US 10.2.1.1 Increasing Deployment of Laser Weapons in Aerospace & Defense Industry 10.2.2 Canada 10.2.2.1 Initiatives By Canadian Government to Support Development, Production, and Sale of Electric Vehicles 10.2.3 Mexico 10.2.3.1 Rising Foreign Direct Investments (FDIS) 10.3 Europe 10.3.1 Germany 10.3.1.1 Rapid Implementation and Adoption of Digital Technologies in Germany 10.3.2 UK 10.3.2.1 Increasing Focus on Use of Energy-Efficient Devices and Low-Carbon Emission Products 10.3.3 France 10.3.3.1 Increasing Demand for Manufacturing Operations to Cater to Growing Number of Commercial and Defense Aviation Projects 10.3.4 Italy 10.3.4.1 Shift From Off-Line Quality Inspection to Near-Line Or In-Line Measurement Techniques 10.3.5 Rest of Europe 10.4 APAC 10.4.1 China 10.4.1.1 Shift Toward Automation Technologies to Replace the Aging Workforce and Outdated Technologies 10.4.2 Japan 10.4.2.1 Increasing Fdi in Manufacturing Sector of Japan 10.4.3 India 10.4.3.1 Government Initiatives Likely to Promote Automation in Manufacturing Sector 10.4.4 South Korea 10.4.4.1 Huge Potential in Automotive Sector of Country 10.4.5 Australia 10.4.5.1 Rising Demand for New Structures in Both Residential and Commercial Sectors 10.4.6 Rest of APAC 10.5 RoW 10.5.1 South America 10.5.1.1 Increasing Demand for Laser Sensors in Packaging Industry in South America 10.5.2 Middle East and Africa 10.5.2.1 Significant Investments and Tie-Ups With the Companies Leading to Growth of Automation Industry in Region 11 Competitive Landscape 11.1 Introduction 11.2 Market Ranking Analysis: Laser Sensor Market 11.3 Competitive Situations and Trends 11.3.1 Product/Solution Launches 11.3.2 Partnerships/Collaborations 12 Company Profiles 12.1 Introduction 12.2 Key Players 12.2.1 Keyence 12.2.2 Rockwell Automation 12.2.3 Panasonic 12.2.4 OMRON 12.2.5 IFM Electronic 12.2.6 Banner Engineering 12.2.7 Smartray 12.2.8 Micro-Epsilon 12.2.9 Laser Technology 12.2.10 Acuity Laser 12.2.11 Waycon PositionSMEsstechnik 12.3 Other Important Players 12.3.1 Baumer 12.3.2 Optex 12.3.3 Technos Instruments 12.3.4 LAP GmbH 12.3.5 First Sensor For more information about this report visit https://www.researchandmarkets.com/r/zcoege Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets
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