Global Laser Displacement
Sensor Market is expected to rise at a steady CAGR in the forthcoming years.
The mechanism of laser displacement sensor ranging is a technique in which
triangulation is used by combination of light emission and position sensitive
device to achieve ranging. Simply put, a laser displacement sensor uses a laser
beam to determine the distance of moving object. Laser displacement sensor is
more often confused with laser rangefinder and hence the high speed of light is
not suitable for significantly higher sub-millimeter measurements in which
triangulation and other methods are prominently used.
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Driving factors in the laser
displacement sensor market includes rise in use of laser displacement sensors
in consumers and automotive electronics segment and rise in demand for laser
displacement from various industries. Other factors such as rise in demand for
automation in automobiles and increase in spending add to the market growth.
Also, the increase in use of laser displacement sensors in various domain such
as material handling, robotics and machine tools also contribute to the market
growth.
Based on segmentation by
range, the laser displacement sensor includes less than 100mm, 100mm to 300mm
and more than 300mm. Based on end-user segmentation, the laser displacement
sensor market includes aerospace and defense, industrial, consumer electronics
and automotive. Automotive sector held a significant share in the global market
and is also expected to grow in the upcoming years.
Geographically, the laser
displacement sensor market spans North America, Latin America, Europe,
Asia-Pacific, Middle-East and Africa. Asia-Pacific is expected to grow at a
significant CAGR and are also expected to grow in the global market. India and
China are the key regions in the APAC market. Europe and North America also
dominate the global market owing to technological enhancements. Middle-East and
African regions are also expected to grow in the forthcoming years.
The key players in the laser
displacement sensor market include SICK AG, OMRON Corporation, ZSY group LTD,
Keyence Corporation, Mechanical Technology, Incorporated, Panasonic
Corporation, Cognex Corporation, Banner Engineering Corp., TURCK GmbH Co. KG
and Micro-Epsilon.
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