Safety Laser Scanner Market Expected to Reach $406 Million by 2023, at a high CAGR of 5.99% during 2018 – 2023

Safety Laser Scanner: Introduction

A safety laser scanner is a security/safety device that offers a laser safety solution to protect mobile and stationary applications. Laser scanners for safety use the time of flight, meaning that the scanner is able to determine the position the object is in by analyzing the amount of time it takes for it to bounce back from the object and return to the unit.

In safety laser scanners, customized warning zones and protection are created easily to guard any space. Safety laser scanners are constantly offering two-dimensional monitoring of areas and an angle that opens to 275 degrees to protect equipment, people, and mobile systems.

Security lasers can be utilized in a variety of industries that require end-use industries, such as healthcare and pharmaceuticals as well as automotive, food and beverages, electronic and consumer goods, as well as other industries to protect equipment and people from danger zones or to spot any unwanted entrance into a dangerous area.

The Global Safety Laser Scanner Market Forecast: 

The safety laser scanner industry is predicted to expand from USD 306 million in 2018 to around USD 406 million by 2023, with a CAGR of 5.99 percent between 2018 and 2023.

The safety laser scanner market provides a durable, cost-effective solution for use with the installation of new machines or for retrofitting machines, vehicles, or even plants. Thus, a small form factor, easy to use user-friendly, seamless integration, and high power efficiency contribute to the general growth of the market. The pharmaceutical and healthcare end-user sector is expected to show the highest CAGR over the forecast time. In addition, the mobile safety laser scanner market is predicted to grow in popularity in consumer goods, automotive electronics, as well as the pharmaceuticals and healthcare end-users industry in the coming years.

Market Trend and Drivers of the Global Safety Laser Scanner Market:

The increasing demand for safety laser scanners owing to increasing automation across various industries is expected to drive the market during the forecast time.

The growing use of portable safety laser scanners is increasing the market for safety laser scanners due to an anticipated rise in the use of safety laser scanners in mobile applications over the forecast time. The safety laser scanners are extremely precise, and therefore you have less chance of errors. Therefore, the accuracy of safety laser scanners is among the major factors that are driving the growth of this market. Demand for mobile laser scanners for safety is anticipated to generate an opportunity of $ 53.9 Million by the year 2027.

The automotive industry segment has a significant share of the global market for safety laser scanners.

For the end-user, the market for safety laser scanners has been divided into food and drinks, automobile, healthcare, consumer electronics, pharmaceuticals and many more. The rising use of safety laser scanners in applications like vehicle navigation is among the main reasons driving the market for safety laser scanners within the automotive industry. The automotive end-user portion of the market for safety laser scanners is anticipated to have an estimated market share of 35.7 percent by the end of 2018.

Additionally, the automotive end-user segment is seeing technological advances and the latest innovations. Because of these developments, the automotive end-user market contributes to the expansion of the overall market for safety laser scanners. In addition, safety laser scanners are used in numerous applications in healthcare and pharmaceuticals, which is believed to be one of the primary drivers of the market for safety laser scanners in the coming years.

The growing concern about the safety of people and machinery is anticipated to drive growth in the market for safety laser scanners in the coming years.

A lot of companies are now following the standards of the industry due to the stringent regulations of government in a variety of countries. This is due to the regulations, standards, and increasing concerns about worker safety. The need for safety laser scanners is rising, fueling the growth of the market in the upcoming time.

The market for APEJ is predicted to grow rapidly due to the growing demand for safety laser scanners within the manufacturing industry in this region.

Markets in North America are estimated to be the leading market for safety laser scanners due to the significant number of manufacturing firms that use safety laser scanners within the region. Thanks to the advancements in technology and continuous advancements in the automotive field, the demand for security laser scanners is growing in the region.

Additionally, it is believed that the APEJ region is expected to have the highest growth rate during the forecast period of the security laser scanners market due to the rise in the use of laser safety scanners within the pharmaceutical and healthcare industries in the region. Therefore, the market for APEJ is predicted to expand at a rate of 7.7% during the forecast time.

The rising demand for safety laser scanners for packaging and logistics manufacturing operations is driving the market for safety laser scanners.

The lasers for safety are typically employed in collision avoidance and vehicle navigation software. For instance, the safety laser scanner is used in numerous manufacturing industries, including consumer electronics and pharmaceuticals and healthcare, to handle logistics and packaging. Because of their versatility, these scanners are extensively used to run mobile applications.

According to FMI research, strategic changes like product innovation and improvements in quality and many more are predicted to boost revenue that will allow the makers of security laser scanners to rise to new standards.

Some of the major players in the market for safety lasers in the world report include Rockwell Automation, Sick AG, Banner Engineering, Leuze electronic GmbH, Omron Corporation, IDEC Corporation, Keyence Corporation, Panasonic Corporation, Pepperl+Fuchs GmbH and Hans TURCK. One of these vendors is Sick AG, which offers safety laser scanners for a variety of mobile and stationary applications. As per the FMI study, Sick AG is improving the customer experience by improving its products.

The Key Market Segmentation of the Global Safety Laser Scanner Market: 

Global Safety Laser Scanner Market can be divided into Product Types, End-User and Geographical landscapes, etc. 

Safety Laser Scanner Market Segmentation By Product Type:

Mobile Safety Laser Scanner

Stationary Safety Laser Scanner

Safety Laser Scanner Market Segmentation By End-User :

Automotive

Food & Beverages

Healthcare & Pharmaceuticals

Consumer Electronics 

Others

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Safety Laser Scanner Market Segmentation By Geographical Landscape:

North America

Europe

Asia Pacific

South America

Middle East and Africa

Major Key Players in the Global Safety Laser Scanner Market Are:

• Rockwell Automation
• Leuze electronic GmbH
• Pepperl+Fuchs GmbH
• IDEC Corporation
• OKUYO AUTOMATIC CO. LTD.
• Pilz GmbH & Co.
• Omron Corporation
• Keyence Corporation
• Panasonic Corporation
• Sick AG
• Banner Engineering