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Global Industrial Laser Sensor Market 2017-2021

Global Industrial Laser Sensor Market 2017-2021

About Industrial Laser Sensor

Industrial sensors are devices used to transform the physical quantity of a signal into corresponding electrical signals. These signals are processed through an electronic automation system and depict physical variations or signal errors in devices. The sensors are classified based on position or velocity, displacement, proximity, pressure, temperature, and, vibration or acceleration functionalities. These sensors provide better control and automation when used in industrial processes owing to their high reliability, accuracy, sensitivity, and control. Industrial sensors are widely used in applications of measuring, monitoring, automating, and testing in the industrial sector. The value chain involved in this market involves tasks ranging from the detection of process parameters in process industries to the analysis of specifications and characteristics of the final products.

Technavio’s analysts forecast the global industrial laser sensors market to grow at a CAGR of 10.24% during the period 2017-2021 .

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial laser sensors market for 2017-2021. To calculate the market size, the report considers the new installations, sales, value, retrofit and replacement market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Laser Sensor Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Banner
  • Baumer Group
  • KEYENCE
  • Laser Technology
  • Schmitt Industries
Other prominent vendors
  • SICK
  • OMRON
  • Panasonic
  • Cognex
  • MICRO-EPSILON
  • Rockwell Automation
  • Wenglor
Market driver
  • Rise in Industrial Revolution with respect to IoT
  • For a full, detailed list, view our report
Market challenge
  • Challenges related to regulatory compliance
  • For a full, detailed list, view our report
Market trend
  • Increasing use of collaborative robots
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Laser Sensor Market 2017-2021

Technavio recognizes the following companies as the key players in the global industrial laser sensors market: Banner, Baumer Group, KEYENCE, Laser Technology, and Schmitt Industries

Other Prominent Vendors in the market are: SICK, OMRON, Panasonic, Cognex, MICRO-EPSILON, Rockwell Automation, and wenglor.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing use of collaborative robots. The rising trend of collaborative robots (cobots) will have a major impact on the market in focus. These robots are meant to work in collaboration with humans. The rising labor rates and continuously changing consumer demand are influencing industries to adopt collaborative robots in their operations to enhance their quality and productivity. At present, these robots are used in lightweight operations such as placing products on trays to heavyweight duties such as palletizing.”

According to the report, one of the major drivers for this market is Rise in Industrial Revolution with respect to IoT. The Industry 4.0 is a revolution in industries that is primarily focused on the automation of factories and implementation of the IoT in industries. Industry 4.0 enables advances in industries by converging industrial systems with the competence of advanced computing, analytics, and low-cost sensing, and new levels of connectivity enabled by the Internet. A few of the technologies supporting this revolution are cloud services, Big Data analytics, and pervasive sensing technologies.

Further, the report states that one of the major factors hindering the growth of this market is Challenges related to regulatory compliance. Different regulations set by regulatory bodies, such as the Occupational Safety and Health Administration (OSHA), Underwriters Laboratories (UL), and American National Standard Institute (ANSI) should be followed by all sensor manufacturing companies in the Americas. These agencies have many regulations in place owing to different working environments. However, complications arise as these regulations differ from industry to industry and from region to region. For a global vendor, it is difficult to follow all the regulations for every slot of their order. This is because, the need to adhere to every regulation not only affects the production process of sensors but also makes it a costly affair while implementing changes.

Companies Mentioned

Banner, Baumer Group, KEYENCE, Laser Technology, Schmitt Industries, SICK, OMRON, Panasonic, Cognex, MICRO-EPSILON, Rockwell Automation, and wenglor.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Features of industrial laser sensors
  • Market landscape
    • Market overview
      • Table Global industrial laser sensor market
    • Market size and forecast
      • Table Global industrial laser sensor market 2016-2021 ($ millions)
      • Table Advantages associated with laser sensors
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global industrial laser sensor market by end-user 2016
      • Table Global industrial laser sensor market by end-user 2016 (%)
    • Global industrial laser sensor market by end-user 2021
      • Table Global industrial laser sensor market by end-user 2021 (%)
    • Global industrial laser sensor market by end-user 2016-2021
      • Table Global industrial laser sensor market by end-user 2016-2021 (%)
    • Global industrial laser sensor market by discrete industry
      • Table Global industrial laser sensor market by discrete industry 2016-2021 ($ millions)
      • Table Application areas of industrial laser sensors in automotive industry
      • Table Application areas of industrial laser sensors in electronics and semiconductor industry
      • Table Application areas of industrial laser sensors in robotics
    • Global industrial laser sensor market by process industry
      • Table Global industrial laser sensor market by process industry 2016-2021 ($ millions)
      • Table Application of industrial laser sensors in food and beverages industry
      • Table Application of industrial laser sensors in oil and gas industry
      • Table Applications of industrial laser sensor in power industry
      • Table Applications of industrial laser sensors in metal processing industry
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market size and forecast
    • Regional comparison
      • Table Regional comparison
    • Industrial laser sensor market in APAC - Market size and forecast
      • Table Industrial laser sensor market in APAC 2016-2021 ($ millions) - Market size and forecast
      • Table Industrial laser sensor market in APAC 2016-2021 (%) - Year-over-year growth
      • Table Top 3 countries in APAC
    • Industrial laser sensor market in EMEA - Market size and forecast
      • Table Industrial laser sensor market in EMEA 2016-2021 ($ millions) - Market size and forecast
      • Table Industrial laser sensor market in EMEA - Year-over-year growth
      • Table Top 3 countries in EMEA
    • Industrial laser sensors market in Americas - Market size and forecast
      • Table Industrial laser sensors market in Americas 2016-2021 ($ millions) - Market size and forecast
      • Table Industrial laser sensor market in Americas - Year-over-year growth
      • Table Top 3 countries in Americas
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Features of CMOS displacement sensors
      • Table Country-wise wind power installations 2016 (MW)
    • Market challenges
  • Market trends
    • Increasing use of collaborative robots
      • Table Benefits of collaborative robots
    • Rising implementing of laser sensors in warehouse automation
      • Table Application of laser sensors in automated warehouses
    • Growing use of laser sensors in autonomous vehicles
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
  • Key vendor analysis
    • Banner
      • Table Banner: Product segments
      • Table Banner: Industrial laser sensors product portfolio
      • Table Banner: Recent developments
    • Baumer Group
      • Table Baumer Group: Industrial laser sensors product portfolio
      • Table Baumer Group: Recent developments
    • KEYENCE
      • Table Products offered by KEYENCE
      • Table KEYENCE: Industrial laser sensors product portfolio
      • Table KEYENCE: Recent developments
    • Laser Technology
      • Table Various applications for which Laser Technology provides laser sensors
      • Table Laser Technology: Industrial laser sensors product portfolio
      • Table Laser Technology: Recent developments
    • Schmitt Industries
      • Table Applications served by Schmitt Industries
      • Table Schmitt Industries: Industrial laser sensors product portfolio
      • Table Schmitt Industries: Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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