Asia Pacific Laser Distance Sensor Market Forecast to 2030
Asia Pacific Laser Distance Sensor Market Forecast to 2030 – Regional Analysis – by Distance (Between 2 and 10 Meters, Between 11 and 100 Meters, Between 101 and 200 Meters, and Between 201 and 500 Meters), Accuracy (1 mm at 2 Sigma, 3 mm with 2 Sigma, and 5 mm at 2 Sigma), and End User (Manufacturing, Construction, Automotive and Robotics, Aerospace and Defense, Geospatial Industry, and Others)
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Description
Rise in Demand for Sensors in Automotive Applications Boosts Asia Pacific Laser Distance Sensor Market
The automotive industry is growing rapidly with rising technological developments. Vehicles rely on effective sensing to allow automated systems to assist drivers and provide better safety, comfort, and convenience. Laser distance sensors are used in autonomous vehicles for various purposes, such as localization, obstacle detection, and picking or placing objects. The technology helps detect objects and provides information on their position and movements within the three-dimensional space. It also assists in identifying the object by detecting its size, shape, and orientation.
The continuous transformation across the automotive industry has triggered the demand for advanced driver-assistance systems (ADAS). With the increasing emphasis on requirements for high levels of accuracy and heterogeneous signal redundancy in ADAS applications, the demand for laser distance sensors is rising. Thus, various automotive manufacturing giants are focusing on ADAS technology. In October 2022, Volkswagen (a German automaker) partnered with Horizon Robotics (a Chinese software company) to develop ADAS and autonomous driving (AD) systems to cater to the rising demand for ADAS systems in the Chinese market. Thus, the adoption of ADAS technology by automakers generates the demand for laser distance sensors to enhance the reliability required for advanced levels of automation in vehicles, which further fuels the laser distance sensor market growth.
Asia Pacific Laser Distance Sensor Market Overview
The Asia Pacific laser distance sensor market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. The automotive industry across Asia Pacific is experiencing significant growth. According to the International Organization of Motor Vehicle Manufacturers, countries such as India, China, Indonesia, South Korea, and Thailand have experienced a significant rise in vehicle production volume in 2022. Additionally, regional and global automotive manufacturers are investing in establishing new vehicle production plants across the region. For instance, in March 2022, Triton Electric Vehicle LLC announced the launch of its new production plant in Gujarat, India. In addition, in June 2022, BMW announced the opening of its new electric vehicle production plant in China with an investment of US$ 2.2 billion. Thus, the development of the automotive industry requires laser distance sensors for advanced lighting systems for longer-range visibility. Automobile Laser distance sensors are also used for advanced driver assistance systems (ADAS) and other sensing requirements. Thus, the growing automotive industry fosters the laser distance sensor market in the region.
Asia Pacific Laser Distance Sensor Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Laser Distance Sensor Market Segmentation
The Asia Pacific laser distance sensor market is segmented based on distance, accuracy, end user, and country.
Based on distance, the Asia Pacific laser distance sensor market is segmented into between 2 and 10 meters, between 11 and 100 meters, between 101 and 200 meters, and between 201 and 500 meters. The between 11 and 100 meters segment held the largest share in 2022.
In terms of accuracy, the Asia Pacific laser distance sensor market is segmented into 1 mm at 2 sigma, 3 mm with 2 sigma, and 5 mm at 2 sigma. The 3 mm with 2 sigma segment held the largest share in 2022.
By end user, the Asia Pacific laser distance sensor market is segmented into manufacturing, construction, automotive and robotics, aerospace and defense, geospatial industry, and others. The automotive and robotics segment held the largest share in 2022.
Based on country, the Asia Pacific laser distance sensor market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific laser distance sensor market in 2022.
Sick AG, ifm Electronic GmbH, Baumer Holding AG, Keyence Corp, Leuze electronic GmbH & Co KG, Pepperl-Fuchs SE, and Jenoptik AG are some of the leading companies operating in the Asia Pacific laser distance sensor market.
Summary Info
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According to the Research Team’ research, the Asia Pacific laser distance sensor market was valued at US$ 277.09 million in 2022 and is expected to reach US$ 594.24 million by 2030, registering a CAGR of 10.0% from 2022 to 2030. Government initiatives to boost manufacturing facilities and rise in government spending on defense sector are among the critical factors attributed to the Asia Pacific laser distance sensor market expansion.
Industry 4.0 is transforming how companies manufacture, process, and distribute their products and are focused on improving product quality by minimizing the risk of human error and providing a safe environment. Due to the rise in the adoption of Industry 4.0, the governments of various countries are investing to boost their manufacturing industry further. In addition, initiatives such as Make in India, and Made in China 2025 are supporting market players in expanding their manufacturing capacity and adopting advanced technologies to catalyze their production output and enhance the efficiency of their final products. Thus, the rise in industrialization contributes to the construction of new manufacturing facilities across various industry verticals such as automotive, food & beverages, and chemicals, further fueling the need for automated solutions to carry out certain tasks. Laser distance sensors can play a vital role in providing real-time, precise, and accurate measurements for enhanced and error-free manufacturing processes. Newly built automated manufacturing facilities generate the demand for components required for improved quality control, enhanced productivity, and overall cost-effectiveness. Thus, the governments’ focus on boosting the manufacturing facilities and integrating automation is anticipated to create lucrative opportunities for the laser distance sensor market growth.
On the contrary, stringent government regulations for using laser-based products hampers the growth of Asia Pacific laser distance sensor market.
Based on distance, the Asia Pacific laser distance sensor market is segmented into between 2 and 10 meters, between 11 and 100 meters, between 101 and 200 meters, and between 201 and 500 meters. The between 11 and 100 meters segment held 33.6% share of the Asia Pacific laser distance sensor market in 2022, amassing US$ 93.15 million. It is projected to garner US$ 184.26 million by 2030 to expand at 8.9% CAGR during 2022-2030.
In terms of accuracy, the Asia Pacific laser distance sensor market is segmented into 1 mm at 2 sigma, 3 mm with 2 sigma, and 5 mm at 2 sigma. The 3 mm with 2 sigma segment held 44.5% share of the Asia Pacific laser distance sensor market in 2022, amassing US$ 123.24 million. It is estimated to garner US$ 268.18 million by 2030 to expand at 10.2% CAGR during 2022-2030.
By end user, the Asia Pacific laser distance sensor market is segmented into manufacturing, construction, automotive and robotics, aerospace and defense, geospatial industry, and others. The automotive and robotics segment held 33.0% share of Asia Pacific laser distance sensor market in 2022, amassing US$ 91.41 million. It is predicted to garner US$ 203.42 million by 2030 to expand at 10.5% CAGR during 2022-2030.
Based on country, the Asia Pacific laser distance sensor market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held 38.7% share of Asia Pacific laser distance sensor market in 2022, amassing US$ 107.10 million. It is projected to garner US$ 245.22 million by 2030 to expand at 10.9% CAGR during 2022-2030.
Key players operating in the Asia Pacific laser distance sensor market are Sick AG, ifm Electronic GmbH, Baumer Holding AG, Keyence Corp, Leuze electronic GmbH & Co KG, Pepperl-Fuchs SE, and Jenoptik AG, among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific laser distance sensor market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Laser Distance Sensor Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Component Providers:
4.2.2 Manufacturers:
4.2.3 Distributors or Suppliers:
4.2.4 End-Users:
4.2.5 List of Vendors in Value Chain
5. Asia Pacific Laser Distance Sensor Market – Key Industry Dynamics
5.1 Drivers
5.1.1 Rise in Demand for Sensors in Automotive Applications
5.1.2 Strategic Initiatives by Market Players
5.2 Restraints
5.2.1 Stringent Government Regulations for Using Laser-Based Products
5.3 Opportunities
5.3.1 Government Initiatives to Boost Manufacturing Facilities
5.3.2 Rise in Government Spending on Defense Sector
5.4 Future Trends:
5.4.1 Advent of Advanced Robotics Solutions
5.5 Impact of Drivers and Restraints:
6. Laser Distance Sensor Market – Asia Pacific Market Analysis
6.1 Asia Pacific Laser Distance Sensor Market Revenue (US$ Million), 2022 – 2030
7. Asia Pacific Laser Distance Sensor Market Analysis – Distance
7.1 Between 2 and 10 Meters
7.1.1 Overview
7.2 Between 11 and 100 Meters
7.2.1 Overview
7.3 Between 101 and 200 Meters
7.3.1 Overview
7.4 Between 201 and 500 Meters
7.4.1 Overview
8. Asia Pacific Laser Distance Sensor Market Analysis – Accuracy
8.1 1mm at 2 Sigma
8.1.1 Overview
8.2 3mm with 2 Sigma
8.2.1 Overview
8.3 5mm at 2 Sigma
8.3.1 Overview
9. Asia Pacific Laser Distance Sensor Market Analysis – End user
9.1 Manufacturing
9.1.1 Overview
9.2 Construction
9.2.1 Overview
9.3 Automotive and Robotics
9.3.1 Overview
9.4 Aerospace and Defence
9.4.1 Overview
9.5 Geospatial Industry
9.5.1 Overview
9.6 Others
9.6.1 Overview
10. Asia Pacific Laser Distance Sensor Market – Country Analysis
10.1 Asia Pacific
10.1.1 Asia Pacific Laser Distance Sensor Market Overview
10.1.2 Laser Distance Sensor Market Breakdown by Country
10.1.2.1 Australia Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.1.1 Australia Laser Distance Sensor Market Breakdown by Distance
10.1.2.1.2 Australia Laser Distance Sensor Market Breakdown by Accuracy
10.1.2.1.3 Australia Laser Distance Sensor Market Breakdown by End user
10.1.2.2 China Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.2.1 China Laser Distance Sensor Market Breakdown by Distance
10.1.2.2.2 China Laser Distance Sensor Market Breakdown by Accuracy
10.1.2.2.3 China Laser Distance Sensor Market Breakdown by End user
10.1.2.3 India Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.3.1 India Laser Distance Sensor Market Breakdown by Distance
10.1.2.3.2 India Laser Distance Sensor Market Breakdown by Accuracy
10.1.2.3.3 India Laser Distance Sensor Market Breakdown by End user
10.1.2.4 Japan Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.4.1 Japan Laser Distance Sensor Market Breakdown by Distance
10.1.2.4.2 Japan Laser Distance Sensor Market Breakdown by Accuracy
10.1.2.4.3 Japan Laser Distance Sensor Market Breakdown by End user
10.1.2.5 South Korea Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.5.1 South Korea Laser Distance Sensor Market Breakdown by Distance
10.1.2.5.2 South Korea Laser Distance Sensor Market Breakdown by Accuracy
10.1.2.5.3 South Korea Laser Distance Sensor Market Breakdown by End user
10.1.2.6 Rest of Asia Pacific Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
10.1.2.6.1 Rest of Asia Pacific Laser Distance Sensor Market Breakdown by Distance
10.1.2.6.2 Rest of Asia Pacific Laser Distance Sensor Market Breakdown by Accuracy
10.1.2.6.3 Rest of Asia Pacific Laser Distance Sensor Market Breakdown by End user
11. Laser Distance Sensor Market Industry Landscape
11.1 Overview
11.2 Market Initiatives
12. Company Profiles
12.1 Sick AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 ifm Electronic GmbH
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Baumer Holding AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Keyence Corp
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Leuze electronic GmbH & Co KG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Jenoptik AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Pepperl-Fuchs SE
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
13. Appendix
13.1 About The the Reporting Teams
13.2 Word Index
Table 1. Asia Pacific Laser Distance Sensor Market Segmentation
Table 2. Asia Pacific Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – Distance
Table 3. Asia Pacific Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – Accuracy
Table 4. Asia Pacific Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – End user
Table 5. Australia Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – Distance
Table 6. Australia Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – Accuracy
Table 7. Australia Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – End user
Table 8. China Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – Distance
Table 9. China Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – Accuracy
Table 10. China Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – End user
Table 11. India Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – Distance
Table 12. India Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – Accuracy
Table 13. India Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – End user
Table 14. Japan Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – Distance
Table 15. Japan Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – Accuracy
Table 16. Japan Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – End user
Table 17. South Korea Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – Distance
Table 18. South Korea Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – Accuracy
Table 19. South Korea Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – End user
Table 20. Rest of Asia Pacific Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – Distance
Table 21. Rest of Asia Pacific Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – Accuracy
Table 22. Rest of Asia Pacific Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million) – End user
Table 23. List of Abbreviation
Figure 1. Asia Pacific Laser Distance Sensor Market Segmentation, By Country
Figure 2. Ecosystem: Asia Pacific Laser Distance Sensor Market
Figure 3. Asia Pacific Laser Distance Sensor Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers And Restraints
Figure 5. Asia Pacific Laser Distance Sensor Market Revenue (US$ Million), 2022 – 2030
Figure 6. Asia Pacific Laser Distance Sensor Market Share (%) – Distance, 2022 and 2030
Figure 7. Between 2 and 10 Meters Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Between 11 and 100 Meters Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. Between 101 and 200 Meters Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Between 201 and 500 Meters Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11. Asia Pacific Laser Distance Sensor Market Share (%) – Accuracy, 2022 and 2030
Figure 12. 1mm at 2 Sigma Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. 3mm with 2 Sigma Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. 5mm at 2 Sigma Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Asia Pacific Laser Distance Sensor Market Share (%) – End user, 2022 and 2030
Figure 16. Manufacturing Market Revenue and Forecasts to 2030 (US$ Million)
Figure 17. Construction Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18. Automotive and Robotics Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19. Aerospace and Defence Market Revenue and Forecasts to 2030 (US$ Million)
Figure 20. Geospatial Industry Market Revenue and Forecasts to 2030 (US$ Million)
Figure 21. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 22. Asia Pacific Laser Distance Sensor Market- Revenue by Key Countries 2022 (US$ Million)
Figure 23. Asia Pacific Laser Distance Sensor Market Breakdown by Key Countries, 2022 And 2030 (%)
Figure 24. Australia Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million)
Figure 25. China Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million)
Figure 26. India Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million)
Figure 27. Japan Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million)
Figure 28. South Korea Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million)
Figure 29. Rest of Asia Pacific Laser Distance Sensor Market Revenue And Forecasts to 2030 (US$ Million)
The List of Companies – Asia Pacific Laser Distance Sensor Market
1. Sick AG
2. ifm Electronic GmbH
3. Baumer Holding AG
4. Keyence Corp
5. Leuze electronic GmbH & Co KG
6. Pepperl-Fuchs SE
7. Jenoptik AG
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