The infographic below contains key findings from our analysis of the industrial laser sensors market

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Overview of the global industrial laser sensors market

According to Technavio’s research analysis, rising usage of CMOS displacement sensors will be one of the major factors that will have a positive impact on the growth of the global industrial laser sensors market till 2021. Complementary metal-oxide-semiconductor (CMOS) optical displacement sensors cost lesser than laser displacement sensors that are better than traditional displacement sensors and are suitable for thickness measurements. Features such as immune to temperature and acoustic variations, low sensitivity to target conductivity and magnetization, and availability of higher resolution and faster response times will drive the growth of this industrial sensors market. This in turn, will boost the growth of the industrial laser sensors market during the forecast period. This Our market research analysts predict that this market will grow at a CAGR of more than 10% by 2021.

The rising usage of collaborative robots is one of the key trends that will gain traction in the industrial laser sensors market. The collaborative robots are designed to work in association with humans. The increasing labor rates and constantly changing consumer requirements are influencing industries to use collaborative robots in their operations to improve their quality and productivity rates. Currently, these robots are widely used in lightweight operations such as placing products on trays to heavyweight duties such as palletizing.

Competitive landscape and key vendors  

The industrial laser sensors market consists of many manufacturers. The market is witnessing the entry of new players though the requirement for investments is high. North America and APAC are the major markets for key vendors in this industrial sensors market and the companies in these regions are shifting towards automation to meet the growing demand.

The leading vendors in the market are –

• Banner
• Baumer Group
• KEYENCE
• Laser Technology
• Schmitt Industries

The other prominent vendors in the market are SICK, OMRON, Panasonic, Cognex, MICRO-EPSILON, Rockwell Automation, and wenglor.

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Segmentation by end-user and analysis of the industrial laser sensors market

• Discrete industry
• Process industry

During 2016, the discrete industry segment accounted for the major shares of the industrial laser sensors market. Discrete industries include the automobiles, electronics and semiconductors, robotics, and medical industries and high requirement for safety detection and accurate measurement in these industries will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the industrial laser sensors market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the industrial laser sensors market throughout the forecast period. The growth of the end-user industries such as automotive, food and beverages, power, and packaging, favorable government legislation and investments for manufacturing industries will drive demand for industrial laser sensors in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global industrial laser sensors market?
• What are the key market trends impacting the growth of the global industrial laser sensors market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial laser sensors market?
• What are the market opportunities and threats faced by the vendors in the global industrial laser sensors market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial laser sensors market?

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