North America Laser Distance Sensor Market Forecast to 2030

At 8.4% CAGR, North America Laser Distance Sensor Market is Speculated to be Worth US$ 924.92 Million by 2030, says the Research Team

According to the Research Team’ research, the North America laser distance sensor market was valued at US$ 484.20 million in 2022 and is expected to reach US$ 924.92 million by 2030, registering a CAGR of 8.4% from 2022 to 2030. Rise in demand for sensors in automotive applications and strategic initiatives by market players are among the critical factors attributed to the North America laser distance sensor market expansion.

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. 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.

On the contrary, stringent government regulations for using laser-based products hampers the growth of North America laser distance sensor market.

Based on distance, the North America 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 31.6% share of the North America laser distance sensor market in 2022, amassing US$ 153.13 million. It is projected to garner US$ 273.98 million by 2030 to expand at 7.5% CAGR during 2022-2030.

In terms of accuracy, the North America 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 42.2% share of the North America laser distance sensor market in 2022, amassing US$ 204.54 million. It is estimated to garner US$ 395.91 million by 2030 to expand at 8.6% CAGR during 2022-2030.

By end user, the North America 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 34.6% share of North America laser distance sensor market in 2022, amassing US$ 167.31 million. It is predicted to garner US$ 336.25 million by 2030 to expand at 9.1% CAGR during 2022-2030.

Based on country, the North America laser distance sensor market is categorized into the US, Canada, and Mexico. The US held 76.9% share of North America laser distance sensor market in 2022, amassing US$ 372.43 million. It is projected to garner US$ 729.76 million by 2030 to expand at 8.8% CAGR during 2022-2030.

Key players operating in the North America laser distance sensor market are Sick AG, ifm Electronic GmbH, Baumer Holding AG, Keyence Corp, Leuze electronic GmbH & Co KG, Pepperl-Fuchs SE, Banner Engineering Corp, and Jenoptik AG, among others.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America laser distance sensor market.
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 North America 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 North America 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.

TABLE OF CONTENTS

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. North America 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. North America 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 – North America Market Analysis
6.1 North America Laser Distance Sensor Market Revenue (US$ Million), 2022 – 2030
7. North America 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. North America 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. North America 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. North America Laser Distance Sensor Market – Country Analysis
10.1 North America
10.1.1 North America Laser Distance Sensor Market Overview
10.1.2 North America Laser Distance Sensor Market Revenue and Forecasts and Analysis – By Countries
10.1.2.1 North America Laser Distance Sensor Market Revenue and Forecasts and Analysis – By Country
10.1.2.2 US Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 US Laser Distance Sensor Market Breakdown by Distance
10.1.2.2.2 US Laser Distance Sensor Market Breakdown by Accuracy
10.1.2.2.3 US Laser Distance Sensor Market Breakdown by End user
10.1.2.3 Canada Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 Canada Laser Distance Sensor Market Breakdown by Distance
10.1.2.3.2 Canada Laser Distance Sensor Market Breakdown by Accuracy
10.1.2.3.3 Canada Laser Distance Sensor Market Breakdown by End user
10.1.2.4 Mexico Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 Mexico Laser Distance Sensor Market Breakdown by Distance
10.1.2.4.2 Mexico Laser Distance Sensor Market Breakdown by Accuracy
10.1.2.4.3 Mexico 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 Pepperl+Fuchs SE
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 Banner Engineering Corp
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
12.8 Jenoptik AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The the Reporting Teams
13.2 Word Index

LIST OF TABLES

Table 1. North America Laser Distance Sensor Market Segmentation
Table 2. North America Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – Distance
Table 3. North America Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – Accuracy
Table 4. North America Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Million) – End user
Table 5. North America Laser Distance Sensor Market, by Country – Revenue and Forecast to 2030 (USD Million)
Table 6. US Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn) – By Distance
Table 7. US Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn) – By Accuracy
Table 8. US Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn) – By End user
Table 9. Canada Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn) – By Distance
Table 10. Canada Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn) – By Accuracy
Table 11. Canada Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn) – By End user
Table 12. Mexico Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn) – By Distance
Table 13. Mexico Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn) – By Accuracy
Table 14. Mexico Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn) – By End user
Table 15. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Laser Distance Sensor Market Segmentation, By Country
Figure 2. Ecosystem: North America Laser Distance Sensor Market
Figure 3. North America Laser Distance Sensor Market – Key Industry Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Laser Distance Sensor Market Revenue (US$ Million), 2022 – 2030
Figure 6. North America 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. North America 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. North America 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. North America Laser Distance Sensor Market- Revenue by Key Countries 2022 (US$ Million)
Figure 23. Laser Distance Sensor market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 24. US Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 25. Canada Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 26. Mexico Laser Distance Sensor Market Revenue and Forecasts to 2030 (US$ Mn)