Expanding at a CAGR of 6.2%, the global safety laser scanner market is projected to increase from a valuation of US$ 280.2 Mn in 2021 to US$ 402.2 Mn by 2027. The safety laser scanner demand accounted for almost 15% market share of global laser scanner market.
Stationary safety laser scanner, and mobile safety laser scanner are used for monitoring the travel path of moving vehicles and zone guarding near production equipment areas. The safety laser scanner market offers a wide range of cost-effective solution such as industrial safety systems, 2D laser scanners, laser scanners and LIDAR systems, and others, for use with new machine installations or for retro fitting machines, plants, or even vehicles.
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The report presents additional projects that safety laser scanners with high accuracy level remain a major factor driving demand and robust growth in mobile safety laser scanner shipments will significantly contribute to the revenue growth of the safety laser scanner market over the coming years. .
Many manufacturing companies are encouraging increased demand for safety laser scanners for packaging and logistics operations, which is currently a major influencer driving the market growth.
“Sales of stationary safety laser scanners now account for a staggering 72% of the total market value. This is because it has been the preferred choice among industrial operators for many years. However, given the recent soaring applicability and rapidly growing popularity of mobile safety laser scanners, it is wiser to anticipate strong annual growth prospects for mobile safety laser scanners in 2019 and beyond. that company.
Automotive applications continue to drive peak shipments.
Safety laser scanner sales are likely to remain at a consistently high level for years to come as concerns about the safety of industrial workers as well as machinery increase. Favorable regulations led by various local governments regarding occupational safety are playing a pivotal role in driving the adoption of safety laser scanners in various industries.
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The automotive industry, accounting for more than 35% of the global market value in the safety laser scanner environment, remains the most prominent end-use industry, the report says. Vehicle navigation and heaps of these applications have been the largest coverage of safety laser scanners, but the report also highlights several other end-use applications of safety laser scanners in consumer electronics, F&B, medical and pharmaceutical sectors.
The report evaluates the competition in the global environment.
The report analyzing the Global Safety Laser Scanners Market reveals strategic developments by providing detailed profiles of key companies operating in the market. Some of the market participants profiled include Rockwell Automation, Panasonic Corporation, Keyence Corporation, Sick AG, Omron Corporation, and Leuze Electronic GmbH, although most maintain a strategic focus on product quality improvement and innovation. The report also shows that companies like Sick AG are focusing on providing an improved customer experience by increasing their investments in product upgrades.
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Higher applicability of safety laser scanners expected in APEJ’s pharmaceutical and medical fields
Due to the strong presence of established manufacturing brands that utilize safety laser scanners on a large scale, the North American market safety laser scanners will be a leading contributor to global market revenues. The vigorous development of the automotive industry based on advanced technological innovations will remain a key factor in enabling the region to remain world-class in the field of safety laser scanners.
On the other hand, increasing shipments of safety laser scanners targeting fast-expanding applications in the medical and pharmaceutical industries will help the penetration of safety laser scanners into developing countries in Asia. Additionally, the lucrative opportunities for consumer electronics manufacturers in the Asia Pacific region are expected to present an attractive investment path for safety laser scanner manufacturers over the next several years. The report forecasts significant annual revenue growth for APEJ’s Safety Laser Scanners market.
