Global Road Profile Laser Sensors Market Size, Trends and Growth Opportunity, By Measurement Range (Less Than 200 mm, 200–600 mm, More Than 600 mm), Application (Longitudinal Profile, Transverse Profile, Side Projections, Macro Texture, Others), By Region

Global Road Profile Laser Sensors Market Size, Trends and Growth Opportunity, By Measurement Range (Less Than 200 mm, 200–600 mm, More Than 600 mm), Application (Longitudinal Profile, Transverse Profile, Side Projections, Macro Texture, Others), By Region and Forecast Till 2027.

Global Road Profile Laser Sensors Market

The Global Road Profile Laser Sensors Market was valued at US$625 million in 2021 and it is expected to reach at US$1302 million in 2027 at a CAGR of 9.95% during forecast period 2022-2027.

Road profile laser sensors integrate non-contact laser sensors to detect the distance to the accelerometers and road surface in addition to contact laser sensors to measure the effects of the movement of the cars. For the majority of lasers in particular, these measurements are very challenging since there are so many dynamically altering targets on road surfaces, such as white striping, tarmac, concrete, and yellow striping.

Market Drivers

Road profile laser sensors are frequently employed in numerous applications, including longitudinal profile, transverse profile, side projections, macro texture, and others to regulate traffic and lower accident risks. This is one of the key factors that the market for road profile laser sensors is predicted to develop due to. Government efforts to limit traffic accidents and the number of fast cars on the road are growing, and more cameras and traffic lights are being installed on roadways to collect vehicle data. Furthermore, these activities have enabled the market for road profile laser sensors expand.

Market Restraints

The market for road profile laser sensors is being constrained by high installation costs for the sensors as well as rising costs for research and development efforts. Road profile laser sensors are in demand, but there are several market limitations that could limit market expansion during the projected period, including a lack of appropriate measuring instruments and inaccurate road profile predictions.

Market Segmentation

The global road profile laser sensors market is segmented into measurement range and application. By measurement range it segmented into less than 200 mm, 200–600 mm, more than 600 mm. By application it segmented into longitudinal profile, transverse profile, side projections, macro texture, others.

Regional Analysis

The global road profile laser sensors market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. In terms of market share and revenue growth, North America dominates the market for road profile laser sensors. This is brought on by the region's automotive industry's expanding use of sensors and the potential damage that driver error could cause. Due to rising demand for small and medium-sized vehicles with safety features, Asia-Pacific is anticipated to see the fastest growth throughout the projection period.

Key Players

Various key players are listed in this report such as LMI TECHNOLOGIES INC, (U.S.), Schmitt Industries Inc, (U.S.), Data Collection Ltd (India), STEMMER IMAGING AG (Germany), Ophir Optronics Solutions Ltd (Israel), LIMAB (Sweden), PAVEMETRICS (Canada), ViaTech AS (U.S.), Micro-Epsilon (Germany), Laserline GmbH (Germany)

Market Taxonomy

By Measurement Range

Less Than 200 mm

200–600 mm

More Than 600 mm

By Application

Longitudinal Profile

Transverse Profile

Side Projections

Macro Texture

Others

Key Question Addressed by the Report

What are the Key Opportunities in Global Road Profile Laser Sensors Market?

What will be the growth rate from 2022 to 2027.

Which segment/region will have highest growth?

What are the factors that will impact/drive the Market?

What is the role of key players in the value chain?

What is the competitive Landscape in the industry?