Laser Distance Sensor Market
Laser Distance Sensor Market Forecasts to 2030 - Global Analysis By Distance (Between 2 and 10 Meters, Between 8 and 100 Meters, Between 101 and 200 Meters and Between 201 and 500 Meters), Accuracy, End User and By Geography
According to Stratistics MRC, the Global Laser Distance Sensor Market is accounted for $1.40 billion in 2023 and is expected to reach $2.86 billion by 2030 growing at a CAGR of 10.8% during the forecast period. A Laser Distance Sensor (LDS) is a device that measures the distance between itself and a target object using laser technology. It emits a laser beam towards the object and measures the time it takes for the beam to reflect back to the sensor. LDS finds applications in various fields including robotics, industrial automation, navigation systems, and security. It offers precise distance measurements with high speed and accuracy, making it valuable for numerous technological applications.
Market Dynamics:
Driver:
Rising demand for IoT and smart devices
As IoT and smart devices become increasingly integrated into various sectors, such as smart homes, industrial IoT, healthcare, and retail, the need for accurate and reliable distance measurement capabilities provided by LDS becomes paramount. These sensors are integral components of IoT ecosystems, providing crucial distance measurement capabilities that enable a wide range of smart applications across various industries, thereby propelling this market further.
Restraint:
High initial costs
The lasers, detectors, optics, and signal processing circuitry used in LDSs are often complex and specialized, resulting in higher production costs. Additionally, the research and development investments required to innovate and improve these technologies contribute to the overall cost. Compliance with industry standards and regulations may necessitate additional testing and certification, further increasing the expenses that are hampering this market size.
Opportunity:
Construction and infrastructure development
In the construction industry, LDSs are utilized for tasks such as surveying, leveling, and monitoring that help construction professionals ensure that structures are built according to specifications and meet quality standards. Infrastructure development projects, such as roads, bridges, and tunnels, also benefit from LDS technology. Furthermore, they enable the precise positioning of robotic machinery, such as robotic arms and excavators, improving efficiency and reducing human errors, which is boosting market growth.
Threat:
Lack of awareness
Understanding their functionality and potential applications may require specialized knowledge or expertise, which may not be readily accessible to all potential users. Lack of exposure to success stories and case studies showcasing the benefits of LDSs further contributes to the limited awareness. In addition, the lack of awareness can be attributed to limited marketing and educational efforts, which are hindering this market expansion.
Covid-19 Impact
The COVID-19 pandemic has brought about several negative impacts on the laser distance sensor (LDS) market. The global supply chain disruptions caused by lockdowns, travel restrictions, and factory closures have adversely affected the availability of components and materials necessary for manufacturing LDS. This has directly affected the demand for LDS in applications such as surveying, layout, and quality control. Moreover, businesses may postpone or cancel projects that require LDS, leading to decreased demand and sales in the market.
The between 2 and 10 meters segment is expected to be the largest during the forecast period
The between 2 and 10 meters segment is estimated to hold the largest share. LDSs are electronic devices that employ laser technology to precisely measure distances by emitting laser beams and analyzing the reflected signals. Within the 2 to 10-meter distance range, they provide reliable distance information to enable safe and efficient vehicle operations. Additionally, they enable the detection of intrusions or unauthorized movements within a specified distance range, enhancing the security of premises and thereby boosting this segment’s expansion.
The automotive and robotics segment is expected to have the highest CAGR during the forecast period
The automotive and robotics segment is anticipated to have highest CAGR during the forecast period due to a growing focus on safety standards and consumer preferences for enhanced driving experiences, which propels the adoption of LDS in the automotive sector. LDS serves as a fundamental sensing technology for navigation, mapping, and obstacle avoidance in autonomous robots. Moreover, this enables robotics applications in diverse fields such as manufacturing, logistics, agriculture, healthcare, and service robotics, which are driving this segment’s growth.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to rapid industrialization, increasing automation, and technological advancements across various sectors. Countries like China, Japan, South Korea, and India are key contributors to the growth of the LDS market in the region. Moreover, LDS play a crucial role in ADAS applications, enabling features like adaptive cruise control, collision avoidance, and parking assistance, thus driving the demand for these sensors in the region.
Region with highest CAGR:
Europe is expected to witness highest CAGR over the projection period. In Europe, LDS finds extensive applications across industries such as automotive, aerospace, construction, and manufacturing. This region is home to some of the major players, such as Pantron Instruments GmbH, Ifm Electronic GmbH, and Keyence Corp. Furthermore, Europe's emphasis on industrial automation and Industry 4.0 initiatives further drives the demand for LDS in robotics, machinery monitoring, and quality control processes.
Key players in the market
Some of the key players in the Laser Distance Sensor Market include ifm Electronic GmbH, Keyence Corp, Sick AG, Pepperl+Fuchs SE, Baumer Holding AG, Banner Engineering Corp, Leuze electronic GmbH & Co KG, Wenglor Sensoric Electronic Devices GmbH, Jenoptik AG and Pantron Instruments GmbH.
Key Developments:
In Febuary 2023, Patrón announced new AI art generator to craft the margarita of your dreams.
In January 2022, Patrón has teamed up with BlockBar.com, the world's first direct to consumer NFT marketplace for wine and spirits, to launch it’s first-ever NFT, unlocking a bottle of the limited-edition PATRÓN Chairman's Reserve.
In May 2021, Keyence has announced an enhancement to its dimensional measurement system, which it says now, delivers greater speed, accuracy, and ease of use.
Distances Covered:
• Between 2 and 10 Meters
• Between 8 and 100 Meters
• Between 101 and 200 Meters
• Between 201 and 500 Meters
Accuracy Covered:
• 1mm at 2 Sigma
• 3mm with 2 Sigma
• 5mm at 2 Sigma
End Users Covered:
• Construction
• Automotive and Robotics
• Manufacturing
• Aerospace and Defence
• Geospatial Industry
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Laser Distance Sensor Market, By Distance
5.1 Introduction
5.2 Between 2 and 10 Meters
5.3 Between 8 and 100 Meters
5.4 Between 101 and 200 Meters
5.5 Between 201 and 500 Meters
6 Global Laser Distance Sensor Market, By Accuracy
6.1 Introduction
6.2 1mm at 2 Sigma
6.3 3mm with 2 Sigma
6.4 5mm at 2 Sigma
7 Global Laser Distance Sensor Market, By End User
7.1 Introduction
7.2 Construction
7.3 Automotive and Robotics
7.4 Manufacturing
7.5 Aerospace and Defence
7.6 Geospatial Industry
7.7 Other End Users
8 Global Laser Distance Sensor Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 ifm Electronic GmbH
10.2 Keyence Corp
10.3 Sick AG
10.4 Pepperl+Fuchs SE
10.5 Baumer Holding AG
10.6 Banner Engineering Corp
10.7 Leuze electronic GmbH & Co KG
10.8 Wenglor Sensoric Electronic Devices GmbH
10.9 Jenoptik AG
10.10 Pantron Instruments GmbH
List of Tables
1 Global Laser Distance Sensor Market Outlook, By Region (2021-2030) ($MN)
2 Global Laser Distance Sensor Market Outlook, By Distance (2021-2030) ($MN)
3 Global Laser Distance Sensor Market Outlook, By Between 2 and 10 Meters (2021-2030) ($MN)
4 Global Laser Distance Sensor Market Outlook, By Between 8 and 100 Meters (2021-2030) ($MN)
5 Global Laser Distance Sensor Market Outlook, By Between 101 and 200 Meters (2021-2030) ($MN)
6 Global Laser Distance Sensor Market Outlook, By Between 201 and 500 Meters (2021-2030) ($MN)
7 Global Laser Distance Sensor Market Outlook, By Accuracy (2021-2030) ($MN)
8 Global Laser Distance Sensor Market Outlook, By 1mm at 2 Sigma (2021-2030) ($MN)
9 Global Laser Distance Sensor Market Outlook, By 3mm with 2 Sigma (2021-2030) ($MN)
10 Global Laser Distance Sensor Market Outlook, By 5mm at 2 Sigma (2021-2030) ($MN)
11 Global Laser Distance Sensor Market Outlook, By End User (2021-2030) ($MN)
12 Global Laser Distance Sensor Market Outlook, By Construction (2021-2030) ($MN)
13 Global Laser Distance Sensor Market Outlook, By Automotive and Robotics (2021-2030) ($MN)
14 Global Laser Distance Sensor Market Outlook, By Manufacturing (2021-2030) ($MN)
15 Global Laser Distance Sensor Market Outlook, By Aerospace and Defence (2021-2030) ($MN)
16 Global Laser Distance Sensor Market Outlook, By Geospatial Industry (2021-2030) ($MN)
17 Global Laser Distance Sensor Market Outlook, By Other End Users (2021-2030) ($MN)
18 North America Laser Distance Sensor Market Outlook, By Country (2021-2030) ($MN)
19 North America Laser Distance Sensor Market Outlook, By Distance (2021-2030) ($MN)
20 North America Laser Distance Sensor Market Outlook, By Between 2 and 10 Meters (2021-2030) ($MN)
21 North America Laser Distance Sensor Market Outlook, By Between 8 and 100 Meters (2021-2030) ($MN)
22 North America Laser Distance Sensor Market Outlook, By Between 101 and 200 Meters (2021-2030) ($MN)
23 North America Laser Distance Sensor Market Outlook, By Between 201 and 500 Meters (2021-2030) ($MN)
24 North America Laser Distance Sensor Market Outlook, By Accuracy (2021-2030) ($MN)
25 North America Laser Distance Sensor Market Outlook, By 1mm at 2 Sigma (2021-2030) ($MN)
26 North America Laser Distance Sensor Market Outlook, By 3mm with 2 Sigma (2021-2030) ($MN)
27 North America Laser Distance Sensor Market Outlook, By 5mm at 2 Sigma (2021-2030) ($MN)
28 North America Laser Distance Sensor Market Outlook, By End User (2021-2030) ($MN)
29 North America Laser Distance Sensor Market Outlook, By Construction (2021-2030) ($MN)
30 North America Laser Distance Sensor Market Outlook, By Automotive and Robotics (2021-2030) ($MN)
31 North America Laser Distance Sensor Market Outlook, By Manufacturing (2021-2030) ($MN)
32 North America Laser Distance Sensor Market Outlook, By Aerospace and Defence (2021-2030) ($MN)
33 North America Laser Distance Sensor Market Outlook, By Geospatial Industry (2021-2030) ($MN)
34 North America Laser Distance Sensor Market Outlook, By Other End Users (2021-2030) ($MN)
35 Europe Laser Distance Sensor Market Outlook, By Country (2021-2030) ($MN)
36 Europe Laser Distance Sensor Market Outlook, By Distance (2021-2030) ($MN)
37 Europe Laser Distance Sensor Market Outlook, By Between 2 and 10 Meters (2021-2030) ($MN)
38 Europe Laser Distance Sensor Market Outlook, By Between 8 and 100 Meters (2021-2030) ($MN)
39 Europe Laser Distance Sensor Market Outlook, By Between 101 and 200 Meters (2021-2030) ($MN)
40 Europe Laser Distance Sensor Market Outlook, By Between 201 and 500 Meters (2021-2030) ($MN)
41 Europe Laser Distance Sensor Market Outlook, By Accuracy (2021-2030) ($MN)
42 Europe Laser Distance Sensor Market Outlook, By 1mm at 2 Sigma (2021-2030) ($MN)
43 Europe Laser Distance Sensor Market Outlook, By 3mm with 2 Sigma (2021-2030) ($MN)
44 Europe Laser Distance Sensor Market Outlook, By 5mm at 2 Sigma (2021-2030) ($MN)
45 Europe Laser Distance Sensor Market Outlook, By End User (2021-2030) ($MN)
46 Europe Laser Distance Sensor Market Outlook, By Construction (2021-2030) ($MN)
47 Europe Laser Distance Sensor Market Outlook, By Automotive and Robotics (2021-2030) ($MN)
48 Europe Laser Distance Sensor Market Outlook, By Manufacturing (2021-2030) ($MN)
49 Europe Laser Distance Sensor Market Outlook, By Aerospace and Defence (2021-2030) ($MN)
50 Europe Laser Distance Sensor Market Outlook, By Geospatial Industry (2021-2030) ($MN)
51 Europe Laser Distance Sensor Market Outlook, By Other End Users (2021-2030) ($MN)
52 Asia Pacific Laser Distance Sensor Market Outlook, By Country (2021-2030) ($MN)
53 Asia Pacific Laser Distance Sensor Market Outlook, By Distance (2021-2030) ($MN)
54 Asia Pacific Laser Distance Sensor Market Outlook, By Between 2 and 10 Meters (2021-2030) ($MN)
55 Asia Pacific Laser Distance Sensor Market Outlook, By Between 8 and 100 Meters (2021-2030) ($MN)
56 Asia Pacific Laser Distance Sensor Market Outlook, By Between 101 and 200 Meters (2021-2030) ($MN)
57 Asia Pacific Laser Distance Sensor Market Outlook, By Between 201 and 500 Meters (2021-2030) ($MN)
58 Asia Pacific Laser Distance Sensor Market Outlook, By Accuracy (2021-2030) ($MN)
59 Asia Pacific Laser Distance Sensor Market Outlook, By 1mm at 2 Sigma (2021-2030) ($MN)
60 Asia Pacific Laser Distance Sensor Market Outlook, By 3mm with 2 Sigma (2021-2030) ($MN)
61 Asia Pacific Laser Distance Sensor Market Outlook, By 5mm at 2 Sigma (2021-2030) ($MN)
62 Asia Pacific Laser Distance Sensor Market Outlook, By End User (2021-2030) ($MN)
63 Asia Pacific Laser Distance Sensor Market Outlook, By Construction (2021-2030) ($MN)
64 Asia Pacific Laser Distance Sensor Market Outlook, By Automotive and Robotics (2021-2030) ($MN)
65 Asia Pacific Laser Distance Sensor Market Outlook, By Manufacturing (2021-2030) ($MN)
66 Asia Pacific Laser Distance Sensor Market Outlook, By Aerospace and Defence (2021-2030) ($MN)
67 Asia Pacific Laser Distance Sensor Market Outlook, By Geospatial Industry (2021-2030) ($MN)
68 Asia Pacific Laser Distance Sensor Market Outlook, By Other End Users (2021-2030) ($MN)
69 South America Laser Distance Sensor Market Outlook, By Country (2021-2030) ($MN)
70 South America Laser Distance Sensor Market Outlook, By Distance (2021-2030) ($MN)
71 South America Laser Distance Sensor Market Outlook, By Between 2 and 10 Meters (2021-2030) ($MN)
72 South America Laser Distance Sensor Market Outlook, By Between 8 and 100 Meters (2021-2030) ($MN)
73 South America Laser Distance Sensor Market Outlook, By Between 101 and 200 Meters (2021-2030) ($MN)
74 South America Laser Distance Sensor Market Outlook, By Between 201 and 500 Meters (2021-2030) ($MN)
75 South America Laser Distance Sensor Market Outlook, By Accuracy (2021-2030) ($MN)
76 South America Laser Distance Sensor Market Outlook, By 1mm at 2 Sigma (2021-2030) ($MN)
77 South America Laser Distance Sensor Market Outlook, By 3mm with 2 Sigma (2021-2030) ($MN)
78 South America Laser Distance Sensor Market Outlook, By 5mm at 2 Sigma (2021-2030) ($MN)
79 South America Laser Distance Sensor Market Outlook, By End User (2021-2030) ($MN)
80 South America Laser Distance Sensor Market Outlook, By Construction (2021-2030) ($MN)
81 South America Laser Distance Sensor Market Outlook, By Automotive and Robotics (2021-2030) ($MN)
82 South America Laser Distance Sensor Market Outlook, By Manufacturing (2021-2030) ($MN)
83 South America Laser Distance Sensor Market Outlook, By Aerospace and Defence (2021-2030) ($MN)
84 South America Laser Distance Sensor Market Outlook, By Geospatial Industry (2021-2030) ($MN)
85 South America Laser Distance Sensor Market Outlook, By Other End Users (2021-2030) ($MN)
86 Middle East & Africa Laser Distance Sensor Market Outlook, By Country (2021-2030) ($MN)
87 Middle East & Africa Laser Distance Sensor Market Outlook, By Distance (2021-2030) ($MN)
88 Middle East & Africa Laser Distance Sensor Market Outlook, By Between 2 and 10 Meters (2021-2030) ($MN)
89 Middle East & Africa Laser Distance Sensor Market Outlook, By Between 8 and 100 Meters (2021-2030) ($MN)
90 Middle East & Africa Laser Distance Sensor Market Outlook, By Between 101 and 200 Meters (2021-2030) ($MN)
91 Middle East & Africa Laser Distance Sensor Market Outlook, By Between 201 and 500 Meters (2021-2030) ($MN)
92 Middle East & Africa Laser Distance Sensor Market Outlook, By Accuracy (2021-2030) ($MN)
93 Middle East & Africa Laser Distance Sensor Market Outlook, By 1mm at 2 Sigma (2021-2030) ($MN)
94 Middle East & Africa Laser Distance Sensor Market Outlook, By 3mm with 2 Sigma (2021-2030) ($MN)
95 Middle East & Africa Laser Distance Sensor Market Outlook, By 5mm at 2 Sigma (2021-2030) ($MN)
96 Middle East & Africa Laser Distance Sensor Market Outlook, By End User (2021-2030) ($MN)
97 Middle East & Africa Laser Distance Sensor Market Outlook, By Construction (2021-2030) ($MN)
98 Middle East & Africa Laser Distance Sensor Market Outlook, By Automotive and Robotics (2021-2030) ($MN)
99 Middle East & Africa Laser Distance Sensor Market Outlook, By Manufacturing (2021-2030) ($MN)
100 Middle East & Africa Laser Distance Sensor Market Outlook, By Aerospace and Defence (2021-2030) ($MN)
101 Middle East & Africa Laser Distance Sensor Market Outlook, By Geospatial Industry (2021-2030) ($MN)
102 Middle East & Africa Laser Distance Sensor Market Outlook, By Other End Users (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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