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
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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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: MARKET SEGMENTATION BY END-USER
- Global industrial laser sensor market by end-user 2016
- Global industrial laser sensor market by end-user 2021
- Global industrial laser sensor market by end-user 2016-2021
- Global industrial laser sensor market by discrete industry
- Global industrial laser sensor market by process industry
PART 07: REGIONAL LANDSCAPE
- Geographical segmentation
- Regional comparison
- Industrial laser sensor market in APAC – Market size and forecast
- Industrial laser sensor market in EMEA – Market size and forecast
- Industrial laser sensors market in Americas – Market size and forecast
- Market opportunity
PART 08: DECISION FRAMEWORK
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Increasing use of collaborative robots
- Rising implementing of laser sensors in warehouse automation
- Growing use of laser sensors in autonomous vehicles
PART 11: VENDOR LANDSCAPE
- Competitive landscape
- Other prominent vendors
PART 12: KEY VENDOR ANALYSIS
- Banner
- Baumer Group
- KEYENCE
- Laser Technology
- Schmitt Industries
PART 13: APPENDIX
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape