Laser Distance Sensor Market Report - Analysis by 2031
Laser Distance Sensor Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2024 | US$ 2.14 Billion |
Market Size by 2031 | US$ 3.73 Billion |
Global CAGR (2025 - 2031) | 8.5% |
Historical Data | 2021-2023 |
Forecast period | 2025-2031 |
Segments Covered |
By Wavelength
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Laser Distance Sensor Market News and Recent Developments
The laser distance sensor market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the laser distance sensor market are listed below:
- ifm Electronic GmbH, a prominent German sensor and automation company, has expanded its presence in Indonesia to contribute to the success of the country’s “Making Indonesia 4.0” initiative. The company established its Indonesian subsidiary, PT ifm electronic Indonesia, on October 10, 2022. Subsequently, on August 3, 2023, ifm Electronic GmbH officially inaugurated its office in Sentral Senayan II, Jakarta, with a grand opening ceremony. This move underscores the company’s commitment to engaging with the Indonesian market and supporting the country’s industrial advancement endeavors. (Source: ifm Electronic GmbH, Press Release, August 2023)
- The Baumer Group, a leading manufacturer of sensors, encoders, measurement instruments, and automated imaging components, has opened a new subsidiary in Mexico. With the new office in Santiago de Querétaro, Mexico, Baumer is now present in 19 countries around the world, operating 39 development centers, production sites and sales units.
(Source: The Baumer Group, Press Release, January 2025)
Laser Distance Sensor Market Report Coverage and Deliverables
The "Laser Distance Sensor Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Laser distance sensor market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Laser distance sensor market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Laser distance sensor market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the laser distance sensor market
- Detailed company profiles