A strong 6.2% CAGR is predicted for the Safety Laser Scanner Market, taking it from an estimated value of US$ 298.1 million in 2022 to US$ 402.2 million in 2027.
According to the report, safety laser scanners’ high degree of accuracy will continue to be the primary element influencing consumer demand. It also foresees that in the upcoming years, the safety laser scanner market’s revenue growth would be largely fuelled by the rapid development in the shipments of mobile safety laser scanners.
The need for safety laser scanners for packing and transportation activities is rising as a result of the vast number of manufacturing businesses that are supporting this trend, which is now a major factor driving market progress.
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Automotive Applications Continue to Drive Maximum Shipments
It is more likely that sales of safety laser scanners will continue to soar in the years to come due to growing worries about the safety of industrial workers and equipment. The deployment of safety laser scanners across numerous industrial verticals is being pushed by favorable rules surrounding industrial safety driven by various regional governments.
The automobile industry continues to be the most significant end-use industry, accounting for more than 35% of the global market value in the safety laser scanner landscape, according to the report. The article also discusses the numerous additional end-use applications of safety laser scanners in consumer electronics, F&B, healthcare, and pharmaceuticals. Vehicle navigation and a host of other similar applications have been the maximum scope of applicability for safety laser scanners.
Report Evaluates Competition on the Global Landscape
The study analyzing the global safety laser scanner market offers in-depth profiles of top industry players, disclosing their recent strategic moves. While some of the market participants profiled in this report, such as Rockwell Automation, Panasonic Corporation, Keyence Corporation, Sick AG, Omron Corporation, Leuze Electronic GmbH, and a few others, are continuing to focus on improving and innovating their products on a strategic level, the majority of them have done so. Additionally, the research states that companies like Sick AG are focusing on enhancing client experiences by increasing investments in product improvements.
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 in the 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 are 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.
Safety Laser Scanner Market Survey By Category
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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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.
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