The laser displacement sensor market is predicted to witness an exponential 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. At present, in the foreign industrial developed countries the laser displacement sensor industry is generally at a more advanced level, the world's large enterprises are mainly concentrated in Europe, USA and Japan. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, the technical level is in a leading position.
The global laser displacement sensor market will reached a revenue of approximately USD 1953.04 million in 2016, and is expected to reach USD 3195.64 million in 2022, growing at a CAGR of 8.55% between 2016 and 2022. In terms of volume, the global laser displacement sensor industry reached a sales volume of approximately 701.36 K Units in 2016, and is expected to reach 1243.2 K Units in 2022.
KEYENCE, SICK and Panasonic captured the top three sales share spots in the laser displacement sensor market in 2016. KEYENCE dominated with 24.46% sales share, followed by SICK with 121.06% sales share and Panasonic with 11.21% sales share.
Geography-wise, Asia Pacific is likely to exhibit the leading growth rate amongst all key regional markets for laser displacement sensor. The growth in the region is driven by the presence of a large number of manufacturing units in countries such as China, Japan, India, and South Korea. Asia Pacific is the largest consumption region of laser displacement sensor, with a consumption market share nearly 39.65% in 2016. The second place is North America; following Asia Pacific with the consumption market share over 26.83 % in 2016.
The Global Laser Displacement Sensor Market Research Report 2017 report released by QYResearch provides a basic overview of the Laser Displacement Sensor industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Laser Displacement Sensor industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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