The global market for CCD laser displacement sensors is benefiting from the growing trend of industrial automation that is supported by governments in various parts of the world. These are having applications in areas of great value, such as robotics, machine tools and handling, among others. In addition, the increasing use these displacement sensors in the consumer electronics and automotive sectors, as well as increasing demand from other sectors, is having a positive impact on the global market.
CCD Laser Displacement Sensor Market Size and Growth Rate:
The global CCD Laser Displacement Sensor Market was valued at USD 2683.2 million in 2017 and is projected to reach USD 5108.4 million by 2025 growing at a CAGR of 7.3% during the forecast period 2017 to 2025.
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CCD Laser Displacement Sensor Market Growth Drivers and Restraints:
Other government activities in emerging nations such as “Make in India” by the Indian government to make the country a global manufacturing center provides lucrative opportunities for the CCD laser displacement sensor markets.
Geographical Overview of CCD Laser Displacement Sensor Market:
While North America maintained a dominant position in the global market in previous years, the region fell in 2016 to second place, close to Asia-Pacific. The European market for laser displacement sensors is expected to grow at a steady pace next to North America during the forecast period. Germany and Western European countries are largely stimulating growth in this region.
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Key Players of CCD Laser Displacement Sensor Market:
Some of the leading manufacturers of CCD Laser Displacement Sensor Market are KEYENCE Corporation, SICK AG, Panasonic Corporation, TURCK GmbH Co., Cognex Corporation, OMRON Corporation, KG, Mechanical Technology Incorporated, ZSY Group Ltd, Banner Engineering Corp, MICRO-EPSILON and others.
CCD Laser Displacement Sensor Market Segmentation:
- 100 mm
- 100 mm to 300 mm
- Greater than 300 mm
By End User:
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
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