The Global Laser Displacement Sensor Market, by Range (Less than 100 mm, 100 mm – 300 mm, and More than 300 mm), by End-use Industry (Automotive, Aerospace and Defense, Industrial, Consumer Electronics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2030”, is expected to be valued at US$ 7,237.92 Million by 2030, exhibiting a CAGR of 7.9 % during the forecast period (2022-2030), as highlighted in a report published by Coherent Market Insights.
A displacement sensor is typically utilized to measure the travel range between where an object is and a reference position. Laser displacement sensors are used for dimension measurement to determine an object’s width, height, thickness, diameter, vibration, flatness, deflection and decentering, etc. In a laser displacement sensor, a lens focuses the beam on the target that reflects the beam back through a lens where it is concentrated on the position-sensitive detector (PSD). 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 accounted for US$ 3,720.0 Mn in terms of value in 2021 and is expected to grow at a CAGR of 7.9 % for the period 2022-2030.
In September 2022, the sensor manufacturer Sick AG unveiled the OD2000, a next-generation sensor with a measuring range of 1,200 mm and a frequency of up to 7.5 kHz. The sensor also includes an IO-Link as standard and will provide a solution for positioning and quality control tasks in robotics and automated food processing and packaging equipment.
Global Laser Displacement Sensor Market - Impact of Coronavirus (Covid-19) Pandemic:
The COVID-19 pandemic has had a negative impact on the laser displacement market globally. As robotics makes extensive use of displacement sensors because they can reliably detect objects at particular distances and measure the size of every object that comes into contact with the sensor.
Additionally, the pandemic caused financial issues in the food and beverage and robotics production sectors, which led to the suspension of numerous new projects and a consequent decline in laser displacement sensor sales. As a result, during the epidemic, the global market for laser displacement sensors witness slow growth.
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Key Trends and Analysis of the Global Laser Displacement Sensor Market:
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