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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.
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 –
The other prominent vendors in the market are SICK, OMRON, Panasonic, Cognex, MICRO-EPSILON, Rockwell Automation, and wenglor.
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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.
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.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY END-USER
PART 07: REGIONAL LANDSCAPE
PART 08: DECISION FRAMEWORK
PART 09: DRIVERS AND CHALLENGES
PART 10: MARKET TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: KEY VENDOR ANALYSIS
PART 13: APPENDIX
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