Laser Sensors Market 2025 All The Latest Update In One Place - Check out now ($ 1003.7 Million Market)

Global Laser Sensors Market Research Report: by Type (Ultra-Compact, Compact), by Offering (hardware, Software, Services), by End User (Electronics Manufacturing, Building and Construction, Chemical Manufacturing, Automotive, Aerospace and Defense) and by Region (North America, Europe, Asia-Pacific and Rest of the World) — Forecast till 2025

Laser Sensors Market Synopsis

The global market for laser sensors was valued at USD 503.6 million in 2018; it is expected to reach USD 1003.7 Million by the end of the forecast period at a CAGR of 12.4%.

Laser sensors are devices which measure the value with the help of laser technology and convert the physical measured value into an analog electrical signal. In other words, laser sensors are suitable for contactless measurement. In this laser sensor, the reflected light falls incident on the receiving element at a certain angle, depending on the distance. The distance between the sender and the receiving element is measured by the sensor.

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Increasing developments in smart manufacturing and demand in food manufacturing industries are expected to drive the laser sensor market during the forecast period. However, the lack of technological advancements is expected to restrain the market during the forecast period.

The global market for laser sensors was valued at USD 503.6 million in 2018; it is expected to reach USD 1003.7 Million by the end of the forecast period at a CAGR of 12.4%.

Laser sensors are devices which measure the value with the help of laser technology and convert the physical measured value into an analog electrical signal. In other words, laser sensors are suitable for contactless measurement. In this laser sensor, the reflected light falls incident on the receiving element at a certain angle, depending on the distance. The distance between the sender and the receiving element is measured by the sensor.

Increasing developments in smart manufacturing and demand in food manufacturing industries are expected to drive the laser sensor market during the forecast period. However, the lack of technological advancements is expected to restrain the market during the forecast period.

Key Developments

  • In April 2019, Keyence launched the IX Series image-based laser sensor which is a combination of a camera with a laser to determine part position prior to performing laser inspection, reducing hardware, and installation costs.
  • In February 2019, Rockwell Automation launched Allen-Bradley 42AF RightSight M30 photoelectric sensor for long-distance detection in a mid-sized, right-angle housing. This sensor offers the flexibility and performance required for a wide range of high-demand applications.

Competitive landscape

The global laser sensor market is characterized by the presence of several global vendors. The competition in the market is highly intense, with players competing to gain a considerable market share. Moreover, cost, quality, accuracy, and reliability of products are some of the factors that help vendors to sustain in an intensely competitive market. Furthermore, technological advancements and government initiatives and policies favoring the adoption of laser sensors are some of the factors that are expected to drive the growth of the laser sensors market during the forecast period.

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