The safety laser scanner market is poised for significant growth in the coming years, with a projected Compound Annual Growth Rate (CAGR) of 6.2%. In 2021, the market was valued at US$ 280.2 million, and it is expected to surge to US$ 402.2 million by 2027
This remarkable expansion can be attributed to the increasing awareness of workplace safety and the adoption of advanced technologies across industries. Safety laser scanners play a crucial role in safeguarding industrial environments by detecting and preventing potential hazards, making them indispensable tools in today’s safety-conscious landscape. As industries continue to prioritize the well-being of their workforce and the optimization of operational processes, the Safety Laser Scanner Market is set to witness substantial growth and innovation in the coming years.
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The report positions the high accuracy level of safety laser scanners to remain the primary factor boosting their demand, and further projects that brisk growth in the shipments of mobile safety laser scanners will continue to contribute significantly to the revenue growth of the safety laser scanner market in the coming years.
A large number of manufacturing companies are encouraging the demand growth in safety laser scanners for packaging and logistical operations, which is a high-impact factor driving the market growth at present.
Automotive Applications Continue to Drive Maximum Shipments:
With rising concerns about the safety of industrial workers as well as machinery, it is more likely that the safety laser scanner sales will remain at a constant high over the course of the coming years. Favorable regulations driven by various regional governments regarding industrial safety are playing a pivotal role in pushing the adoption of safety laser scanners across various industrial verticals.
Accounting for more than 35% share of the global market value in the safety laser scanner landscape, the automotive industry remains the most prominent end-use industry, according to the report. While vehicle navigation and a heap of more such applications have been the maximum scope of applicability for safety laser scanners, the report also sheds light on several other end-use applications of safety laser scanners in consumer electronics, F&B, healthcare, and pharmaceuticals.
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Higher Applicability of Safety Laser Scanners Projected in APEJ’s Pharma & Healthcare Sectors:
Owing to the strong presence of established manufacturing brands utilizing safety laser scanners on a large scale, North America’s market safety laser scanner is slated to hold a leading contribution to global market revenue. Brisk progress of the automotive industry riding on cutting-edge technological innovations will remain the key factor enabling this region to maintain the lion’s share in the safety laser scanner landscape at a global level.
On the other side, bolstering shipments of safety laser scanners targeting applications in the rapidly expanding healthcare and pharma industries is likely to underpin improved penetration of safety laser scanners into developing economies in the Asian region. In addition, highly lucrative opportunities residing in Asia Pacific for consumer electronics manufacturers are expected to present attractive investment avenues to safety laser scanner manufacturers over the upcoming years. The report forecasts significant year-on-year revenue growth for the safety laser scanner market in APEJ.
Leading Key Players:
- Rockwell Automation, Inc.
- Panasonic Corporation
- SICK AG
- Omron Corporation
- Keyence Corporation
- IDEC Corporation
- Pepperl+Fuchs GmbH
- Banner Engineering
- Leuze electronic GmbH + Co. KG
- Hans TURCK GmbH & Co. KG
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Safety Laser Scanner Market Segmentation:
By Type:
- Stationary Safety Laser Scanner
- Mobile Safety Laser Scanner
By End User:
- Automotive
- Food & Beverages
- Healthcare & Pharmaceuticals
- Consumer Electronics
- Others
Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- Japan
- APEJ
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