A laser displacement sensor contains a light-emitting element and a position-sensitive detector (PSD), which detects its target by using the triangulation method. In this, a semiconductor laser is utilized as a light-emitting element. Moreover, a lens focuses the beam on the target that reflects the beam back through a lens where it is focused on PSD. Laser displacement sensors are used to measure an object’s diameter, width, height, stroke and positioning, vibration, decentering and deflection, flatness, warpage, and thickness. The global laser displacement sensor market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

The global laser displacement sensor market was valued for US$ 3,720.0 Mn in 2021.

Market Dynamics

The demand for automation is increasing rapidly, especially in core industries such as automotive, manufacturing, packaging, and logistics. In automation, sensors play a crucial role, which is expected to witness high demand in the near future. Laser displacement sensors are non-contact type sensors, which are more accurate and which offer a wider range of applications as compared to conventional contact-type sensors. Moreover, the high superiority of laser sensors over other types of sensors is expected to drive growth of the global laser displacement sensor market during the forecast period. Laser displacement sensors are deployed in a wide array of applications including measurement of thickness and irregular surfaces of non-conductive materials such as plastics, paper, and ceramics. The operational efficiency of laser displacement sensors is not hindered by external factors such as unfavorable temperature and magnetic field interface. This, in turn, acts as an advantage enabling these sensors to operate in varied environmental conditions. Furthermore, rising use of laser displacement sensors in the quality control department, wherein it can save additional expenditure and avoid wastage of raw materials

Key features of the study:

• This report provides an in-depth analysis of the Global Laser Displacement Sensor Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global Laser Displacement Sensor Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the Global Laser Displacement Sensor Market includes Panasonic Corporation, Micro-epsilon, Sick AG, Hans Turck GmbH Co. KG, Omron Corporation, Banner Engineering Corp., Keyence Corporation, Cognex Corporation, ZSY Group Ltd, and Mechanical Technology, Inc.
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global Laser Displacement Sensor market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Laser Displacement Sensor Market.

Detailed Segmentation                                         

• Global Laser Displacement Sensor Market, By Range:
  • Less than 100 mm
  • 100 mm – 300 mm
  • More than 300 mm
• Global Laser Displacement Sensor Market, By End-Use Industry:
  • Automotive
  • Aerospace and Defense
  • Industrial
  • Consumer Electronics
  • Others
• Global Laser Displacement Sensor Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles
  • Banner Engineering Corp.*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
  • Cognex Corporation
  • Hans Turck GmbH Co. KG
  • Keyence Corporation
  • Mechanical Technology, Inc.
  • Micro-epsilon
  • Omron Corporation
  • Panasonic Corporation
  • Sick AG
  • ZSY Group Ltd