Laser Displacement sensors also called laser distance sensors, are comprised of a light-emitting element and a position sensitive detector (PSD). A semiconductor laser is used as the light emitting element. A lens focuses the beam on the target. The target reflects the beam back through the lens where it is focused on the position-sensitive detector (PSD), forming a beam spot. The beam spot moves as the target moves. Displacement can be determined by detecting the movement of the beam spot.
The laser displacement sensor market is predicted to witness a rapid growth in the forthcoming years on the back of rising trend of industrial automation along with cost saving practices in quality control. This is leading laser displacement sensors to find application across a number of application areas such as robotics, machine tools, and material handling among others. Apart from this, rising use of laser displacement sensors in consumer electronics and automotive sectors coupled with their rising demand from other industries is immensely benefitting the laser Displacement sensor market, globally.
In 2020, the global Laser Displacement Sensor market size was increased to 1973.1 million US$ from 1473.0 million US$ in 2015, and it will reach 3089.3 million US$ in 2027, growing at CAGR of 6.79% between 2021 and 2027. In terms of volume, the global laser Displacement sensor industry reached a sales volume of 764.3 K Units in 2020, and is expected to reach 1388.7 K Units in 2027.
Global Laser Displacement Sensor Market- Key Players
Of the manufactures, KEYENCE, SICK and Panasonic captured the top three market share spots in the laser Displacement sensor market in 2020. KEYENCE dominated with 27.76% production value share, followed by SICK with 17.74% and Panasonic with 13.95%. Other key players in this market include OMRON, COGNEX, Turck, Micro-Epsilon, BANNER, Baumer, OPTEX, Leuze, ELAG, SENSOPART, Pepperl&Fuchs, Balluff, Sunny Optical, Acuity and MTI Instruments.
Global Laser Displacement Sensor Market- Key Regions
Geography-wise, Asia Pacific is likely to exhibit the leading growth rate amongst all key regional markets for laser Displacement sensor. Asia Pacific (APAC) has witnessed an advanced and dynamic adoption of new technologies and has always been a lucrative region. The Laser Displacement Sensor market in APAC is expected to grow at the highest CAGR during the forecast period. China, Japan India, and Korea are the key countries in the Laser Displacement Sensor in APAC. In the future, the Laser Displacement Sensor in some new economies will also rapidly grow and occupy a certain market share, such as Southeast Asia, etc. Briefly speaking, in the next few years, Laser Displacement Sensor industry will still be a High-speed development and energetic industry. Sales of Laser Displacement Sensor have brought a lot of opportunities, there will more companies enter into this industry, especially in developing countries. Asia Pacific is the largest consumption region of laser Displacement sensor, with a consumption market share nearly 45.78% in 2020. The second place is North America; following Asia Pacific with the consumption market share over 24.00% in 2020.
Global Laser Displacement Sensor Market- Key Type
There are major six classification of laser Displacement sensor in this report. Globally, the sales volume share of each resolution segment of laser Displacement sensor is 49.57%, 14.43%, 13.32%, 7.46%, 4.34% and 10.87% respectively in 2020. The segment of ≤ 2µm resolution laser Displacement sensors holds the leading market share amongst all segments based on range. This is because of an extensive number of sensors that are available in this segment. It can be seen that the requirements for the accuracy of sensors in various industries are getting higher and higher.
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