Laser Displacement Sensor Market

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LASER DISPLACEMENT SENSOR MARKET
ANALYSIS

• 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) - Size, Share, Outlook,
  and Opportunity Analysis, 2019 - 2027

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• Market
  Overview
• The global Laser Displacement Sensor Market was
  accounted for US 3,330.9 MN in terms of value in
  2019 and is expected to grow at CAGR of 7.6 for
  the period 2019-2027

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Market Dynamics- Drivers

• Increasing demand for automation in numerous
  sectors is expected to drive growth of the global
  laser displacement sensor market during the
  forecast period
• Cost-efficiency and wide range of applications
  offered by laser sensors are expected to propel
  the global laser displacement sensor market
  growth over the forecast period

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Figure .1 Market Share
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Market Dynamics- Restraints

• Complexities involved in the use of these sensors
  are expected to restrain growth of the global
  laser displacement sensor market during the
  forecast period
• High initial price and high maintenance costs are
  expected to hinder the global laser displacement
  sensor market growth over the forecast period

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Market Opportunity

• Rising acceptance of non-contact type sensors can
  offer major business strategies
• Increasing need for high-speed precision control
  can present lucrative growth opportunities

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Figure 2.  Market Opportunity Analysis
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Market Trends

• North America Trends
• In North America, laser displacement sensors are
  being employed by industrial robots as a
  measuring tool. According to Robotic Industries
  Association (RIA), the robotics market in North
  America registered record orders and shipments in
  2015.
• Europe Trends
• According to Coherent Market Insights analysis,
  Europe holds a dominant position in the global
  automotive manufacturing industry. 

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Figure 3. Market Segmentation
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Competitive Section

• Key players operating in the global laser
  displacement sensor market are 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.

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