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Europe Laser Sensor Market Size, Share & Trends Analysis Report By Component (Hardware and Services), By Type, By Application (Process Monitoring & Quality Control and Others), By End-use (Automotive and Others), By Country and Growth Forecast, 2024 - 203

Publisher Knowledge Based Value (KBV) Research
Published Aug 30, 2024
Length 152 Pages
SKU # KBV19138500

Description

Europe Laser Sensor Market Size, Share & Trends Analysis Report By Component (Hardware and Services), By Type, By Application (Process Monitoring & Quality Control and Others), By End-use (Automotive and Others), By Country and Growth Forecast, 2024 - 2031


The Europe Laser Sensor Market would witness market growth of 11.9% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Laser Sensor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $121.7 million by 2031. The UK market is exhibiting a CAGR of 10.9% during (2024 - 2031). Additionally, The France market would experience a CAGR of 12.8% during (2024 - 2031).

The rise of automation across numerous industries has been one of the primary drivers of the sensor market's expansion. According to the International Federation of Robotics (IFR), robot installations hit a new record level of 553,052 units. The major customer industries, automotive and electronics, installed substantially more robots than in 2021. As these industries continue to advance toward full automation, the demand for these sensors is expected to surge, particularly with the growth of autonomous vehicle initiatives. These sensors, notably LIDAR (Light Detection and Ranging) sensors, are being heavily invested in by major automakers and technology companies.

Beyond the automotive sector, these sensors have found widespread applications in manufacturing, where the shift toward smart manufacturing and Industry 4.0 is driving demand for more advanced, automated systems. According to a 2022 survey by SME and Clean Energy Smart Manufacturing Innovation Institute (CESMII), more than 70% of respondents believe smart technology will increase competitiveness for their organizations. Another key area of expansion for this market is healthcare, where the need for precision and non-contact measurement is driving the adoption of laser-based technologies. These sensors are increasingly used in medical devices and diagnostics for patient monitoring, surgical guidance, and non-invasive measurement of physiological parameters.

Europe’s emphasis on automation, sustainability, and precision across various sectors has created a strong demand for this sensor technology. According to the European Commission’s “Digital Europe Programme,” Europe has committed over €9.2 billion to fund digital transformation and innovation between 2021 and 2027. This includes investments in manufacturing, automotive, aerospace, and food processing sectors, which increasingly rely on precision these sensors for automation, quality control, and safety. Thus, supported by government investments and a focus on automation and precision, the laser sensor market in Europe is poised for continued expansion.

Based on Component, the market is segmented into Hardware, Software, and Services. Based on Type, the market is segmented into Laser Displacement Sensors, Laser Photoelectric Sensors, Laser Scanners, and Others. Based on Application, the market is segmented into Process Monitoring & Quality Control, Distance Measurement, Security & Surveillance, Motion & Guidance, Manufacturing Plant Management, and Others. Based on End-use, the market is segmented into Automotive, Consumer Electronics, Healthcare, Aerospace & Defense, Food & Beverages, Chemical, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled
  • >Keyence Corporation
  • Banner Engineering Corporation
  • SICK AG
  • Rockwell Automation, Inc.
  • Omron Corporation
  • Baumer Holding AG
  • Panasonic Holdings Corporation
  • Leuze electronic GmbH & Co. KG
  • Schneider Electric SE
  • Laser Technology, Inc.
Europe Laser Sensor Market Report Segmentation

By Component
  • >Hardware
  • Software
  • Services
By Type
  • >Laser Displacement Sensors
  • Laser Photoelectric Sensors
  • Laser Scanners
  • Others
By Application
  • >Process Monitoring & Quality Control
  • Distance Measurement
  • Security & Surveillance
  • Motion & Guidance
  • Manufacturing Plant Management
  • Others
By End-use
  • >Automotive
  • Consumer Electronics
  • Healthcare
  • Aerospace & Defense
  • Food & Beverages
  • Chemical
  • Others
By Country
  • >Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

152 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Laser Sensor Market, by Component
1.4.2 Europe Laser Sensor Market, by Type
1.4.3 Europe Laser Sensor Market, by Application
1.4.4 Europe Laser Sensor Market, by End-use
1.4.5 Europe Laser Sensor Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Product Launches and Product Expansions
4.2.2 Partnerships, Collaborations and Agreements
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2020, Jan – 2024, May) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Europe Laser Sensor Market by Component
5.1 Europe Hardware Market by Country
5.2 Europe Software Market by Country
5.3 Europe Services Market by Country
Chapter 6. Europe Laser Sensor Market by Type
6.1 Europe Laser Displacement Sensors Market by Country
6.2 Europe Laser Photoelectric Sensors Market by Country
6.3 Europe Laser Scanners Market by Country
6.4 Europe Others Market by Country
Chapter 7. Europe Laser Sensor Market by Application
7.1 Europe Process Monitoring & Quality Control Market by Country
7.2 Europe Distance Measurement Market by Country
7.3 Europe Security & Surveillance Market by Country
7.4 Europe Motion & Guidance Market by Country
7.5 Europe Manufacturing Plant Management Market by Country
7.6 Europe Others Market by Country
Chapter 8. Europe Laser Sensor Market by End-use
8.1 Europe Automotive Market by Country
8.2 Europe Consumer Electronics Market by Country
8.3 Europe Healthcare Market by Country
8.4 Europe Aerospace & Defense Market by Country
8.5 Europe Food & Beverages Market by Country
8.6 Europe Chemical Market by Country
8.7 Europe Others Market by Country
Chapter 9. Europe Laser Sensor Market by Country
9.1 Germany Laser Sensor Market
9.1.1 Germany Laser Sensor Market by Component
9.1.2 Germany Laser Sensor Market by Type
9.1.3 Germany Laser Sensor Market by Application
9.1.4 Germany Laser Sensor Market by End-use
9.2 UK Laser Sensor Market
9.2.1 UK Laser Sensor Market by Component
9.2.2 UK Laser Sensor Market by Type
9.2.3 UK Laser Sensor Market by Application
9.2.4 UK Laser Sensor Market by End-use
9.3 France Laser Sensor Market
9.3.1 France Laser Sensor Market by Component
9.3.2 France Laser Sensor Market by Type
9.3.3 France Laser Sensor Market by Application
9.3.4 France Laser Sensor Market by End-use
9.4 Russia Laser Sensor Market
9.4.1 Russia Laser Sensor Market by Component
9.4.2 Russia Laser Sensor Market by Type
9.4.3 Russia Laser Sensor Market by Application
9.4.4 Russia Laser Sensor Market by End-use
9.5 Spain Laser Sensor Market
9.5.1 Spain Laser Sensor Market by Component
9.5.2 Spain Laser Sensor Market by Type
9.5.3 Spain Laser Sensor Market by Application
9.5.4 Spain Laser Sensor Market by End-use
9.6 Italy Laser Sensor Market
9.6.1 Italy Laser Sensor Market by Component
9.6.2 Italy Laser Sensor Market by Type
9.6.3 Italy Laser Sensor Market by Application
9.6.4 Italy Laser Sensor Market by End-use
9.7 Rest of Europe Laser Sensor Market
9.7.1 Rest of Europe Laser Sensor Market by Component
9.7.2 Rest of Europe Laser Sensor Market by Type
9.7.3 Rest of Europe Laser Sensor Market by Application
9.7.4 Rest of Europe Laser Sensor Market by End-use
Chapter 10. Company Profiles
10.1 Keyence Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Product Launches and Product Expansions:
10.1.6 SWOT Analysis
10.2 Banner Engineering Corporation
10.2.1 Company Overview
10.2.2 Recent strategies and developments:
10.2.2.1 Product Launches and Product Expansions:
10.2.3 SWOT Analysis
10.3 Sick AG
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Product Launches and Product Expansions:
10.3.6 SWOT Analysis
10.4 Rockwell Automation, Inc.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Product Launches and Product Expansions:
10.4.6 SWOT Analysis
10.5 Omron Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Product Launches and Product Expansions:
10.5.6 SWOT Analysis
10.6 Baumer Holding AG
10.6.1 Company Overview
10.6.2 Recent strategies and developments:
10.6.2.1 Product Launches and Product Expansions:
10.6.3 SWOT Analysis
10.7 Panasonic Holdings Corporation
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Product Launches and Product Expansions:
10.7.6 SWOT Analysis
10.8 Leuze Electronic GmbH & Co. KG
10.8.1 Company Overview
10.8.2 Recent strategies and developments:
10.8.2.1 Product Launches and Product Expansions:
10.9 Schneider Electric SE
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expense
10.9.5 Recent strategies and developments:
10.9.5.1 Product Launches and Product Expansions:
10.9.6 SWOT Analysis
10.10. Laser Technology, Inc.
10.10.1 Company Overview
10.10.2 Recent strategies and developments:
10.10.2.1 Product Launches and Product Expansions:

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