Global Laser Displacement Sensors Market 2018-2022

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Overview of the global laser displacement sensors market

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.

Companies covered

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 -

• KEYENCE
• Micro-Epsilon
• Panasonic
• Schmitt Industries
• SICK

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

• Automotive
• Industrial

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.

Geographical segmentation and analysis of the laser displacement sensors market

• Americas
• APAC
• EMEA

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.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global laser displacement sensors market?
• What are the key market trends impacting the growth of the global laser displacement sensors market?
• What are the challenges to market growth?
• Who are the key vendors in the global laser displacement sensors market?
• What are the market opportunities and threats faced by the vendors in the global laser displacement 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 laser displacement sensors market?

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