North America 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 North America Laser Sensor Market would witness market growth of 11.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Laser Sensor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $405 million by 2031. The Canada market is experiencing a CAGR of 14% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 13% during (2024 - 2031).
These sensors employ technology to accurately and precisely register environmental changes, measure distances, and detect objects. The sensor emits a laser beam toward a target, typically in coherent light. When the laser beam reflects off the object and returns to the sensor, the device measures the time it takes for the light to travel back, calculating the distance or position of the object based on this time-of-flight principle. Depending on the application, these sensors may utilize triangulation, interferometry, or other methods to achieve accurate measurements.
This market has become crucial to modern technological advancements, spanning various industries from automotive and manufacturing to healthcare and defense. The precise capability has made these sensors indispensable in applications requiring accuracy, speed, and reliability, driving significant demand for these devices in various sectors. As industries across increasingly turn to automation, real-time monitoring, and advanced safety systems, this market is poised for robust growth.
Mexico has seen increased demand for these sensors driven by the consumer electronics sector, contributing to the nation’s economy. Mexico is one of the world’s leading electronics manufacturers, particularly for export to the United States. According to the Government of Mexico, in the second quarter of 2024, the gross domestic product of semiconductor and other component manufacturing was $6.58T MX, 5.06% more than the previous quarter. The country’s focus on expanding its electronics manufacturing capabilities to serve international markets is driving the adoption of advanced sensor technologies, including these sensors, to meet the demands of high-precision manufacturing. Therefore, as these industries evolve and embrace innovation, the demand for laser sensors is set to grow, making North America a key region for the future of this technology.
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 U.S., Mexico, Canada, and Rest of North America.
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.
By Component
- >Hardware
- Software
- Services
- >Laser Displacement Sensors
- Laser Photoelectric Sensors
- Laser Scanners
- Others
- >Process Monitoring & Quality Control
- Distance Measurement
- Security & Surveillance
- Motion & Guidance
- Manufacturing Plant Management
- Others
- >Automotive
- Consumer Electronics
- Healthcare
- Aerospace & Defense
- Food & Beverages
- Chemical
- Others
- >US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Laser Sensor Market, by Component
- 1.4.2 North America Laser Sensor Market, by Type
- 1.4.3 North America Laser Sensor Market, by Application
- 1.4.4 North America Laser Sensor Market, by End-use
- 1.4.5 North America 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. North America Laser Sensor Market by Component
- 5.1 North America Hardware Market by Country
- 5.2 North America Software Market by Country
- 5.3 North America Services Market by Country
- Chapter 6. North America Laser Sensor Market by Type
- 6.1 North America Laser Displacement Sensors Market by Country
- 6.2 North America Laser Photoelectric Sensors Market by Country
- 6.3 North America Laser Scanners Market by Country
- 6.4 North America Others Market by Country
- Chapter 7. North America Laser Sensor Market by Application
- 7.1 North America Process Monitoring & Quality Control Market by Country
- 7.2 North America Distance Measurement Market by Country
- 7.3 North America Security & Surveillance Market by Country
- 7.4 North America Motion & Guidance Market by Country
- 7.5 North America Manufacturing Plant Management Market by Country
- 7.6 North America Others Market by Country
- Chapter 8. North America Laser Sensor Market by End-use
- 8.1 North America Automotive Market by Country
- 8.2 North America Consumer Electronics Market by Country
- 8.3 North America Healthcare Market by Country
- 8.4 North America Aerospace & Defense Market by Country
- 8.5 North America Food & Beverages Market by Country
- 8.6 North America Chemical Market by Country
- 8.7 North America Others Market by Country
- Chapter 9. North America Laser Sensor Market by Country
- 9.1 US Laser Sensor Market
- 9.1.1 US Laser Sensor Market by Component
- 9.1.2 US Laser Sensor Market by Type
- 9.1.3 US Laser Sensor Market by Application
- 9.1.4 US Laser Sensor Market by End-use
- 9.2 Canada Laser Sensor Market
- 9.2.1 Canada Laser Sensor Market by Component
- 9.2.2 Canada Laser Sensor Market by Type
- 9.2.3 Canada Laser Sensor Market by Application
- 9.2.4 Canada Laser Sensor Market by End-use
- 9.3 Mexico Laser Sensor Market
- 9.3.1 Mexico Laser Sensor Market by Component
- 9.3.2 Mexico Laser Sensor Market by Type
- 9.3.3 Mexico Laser Sensor Market by Application
- 9.3.4 Mexico Laser Sensor Market by End-use
- 9.4 Rest of North America Laser Sensor Market
- 9.4.1 Rest of North America Laser Sensor Market by Component
- 9.4.2 Rest of North America Laser Sensor Market by Type
- 9.4.3 Rest of North America Laser Sensor Market by Application
- 9.4.4 Rest of North America 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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