Enjoy complimentary customisation on priority with our Enterprise License!
Want a bigger picture? Try a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Technavio’s market research analysts have identified the growth of industrial automation and robotics as one of the primary factors that will trigger the growth of the laser displacement sensors market in the coming years. Industries across the world are facing a tough challenge due to widespread globalization, including fluctuating raw material prices, stringent regulations, and constant pressure to increase revenue. To achieve operational efficiency, manufacturers across the world are focusing on automation technologies. Industrial automation and robotics employ variety of wireless sensors and laser displacement sensors are the state-of-the-art. Laser displacement sensors are crucial components of industrial robotics as they allow sensing, recognition, and interpretation. Our market research analysts estimate that this market will grow steadily at a CAGR close to 7% by 2022.
The advent of industry 4.0 and smart manufacturing is one of the key trends in the laser displacement sensors market. The fourth industrial revolution was developed in 2013 and this trend helps in executing automation and data exchange in industrial manufacturing technologies. Industry 4.0 is a combination of cyber-physical systems, IoT, and cloud computing.
The laser displacement sensors market appears to be fragmented due to the presence of several vendors. This industry research report offers in-depth analysis of the competitive strategies adopted by the laser displacement sensor manufacturers to sustain among the competitors in the market. Technavio’s analysts also study the key market areas along with the product offerings of the vendors in the market.
The report includes an analysis of a number of companies in this marketspace including -
The automotive segment accounted for the major share of the market during 2017. The industry offers significant growth opportunties to laser displacement sensor manufacturers due to the growth in automobile production. According to our market research analysts, the market will continue to witness considerable growth in this end-user segment during the forthcoming years as well.
In terms of geography, APAC accounted for the majority of shares in the market during 2017. The market in this region is growing positively due to the increasing automobile manufacturing activities in the emerging economies.
Get more value with Technavio’s INSIGHTS subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Try the demo
Technavio also offers customization on reports based on specific client requirement.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY END-USER
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.