[130 Pages Report] Expanding at a CAGR of 6.2%, the global safety laser scanner market is projected to increase from a valuation of US$ 280.2 Million in 2021 to US$ 402.2 Million by 2027. The safety laser scanner demand accounted for almost 15% market share of global laser scanner market.
| Attribute | Details |
|---|---|
| 2022 Market Value | US$ 298.1 Million |
| 2027 Market Value | US$ 402.2 Million |
| CAGR% (2022 to 2027) | 6.2% |
| Share of Top 5 Market Players | 30% |
Stationary safety laser scanner, and mobile safety laser scanner are used for monitoring the travel path of moving vehicles and zone guarding near production equipment areas. The safety laser scanner market offers a wide range of cost-effective solution such as industrial safety systems, 2D laser scanners, laser scanners and LIDAR systems, and others, for use with new machine installations or for retro fitting machines, plants, or even vehicles.
A safety laser scanner is a development in machinery safety, which has had a transforming impact on machinery development and productivity. Safety laser scanning procedures used terrestrial laser scanning (TLS), advanced sensors, laser beams, global positioning systems (GPS), receiver electronics, inertial measurement units (IMU), and photodetectors.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 7.8% |
| H1,2022 Projected (P) | 7.2% |
| H1,2022 Outlook (O) | 6.9% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (-) 30 ↓ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (-) 90 ↓ |
Future Market Insights anticipates a comparison and review analysis for safety laser scanner market subjected to assembly of industry factors. Safety laser scanners are sensing devices which are designed for the protection of personnel from injury and can be mounted for the detection of undesirable entrances into hazardous areas.
The difference in the BPS values observed in the safety laser scanner market in H1, 2022 - Outlook over H1, 2022 projected implies a 30-unit reduction, according to the FMI analysis. Factors which impact and hinder the growth of the market are high initial cost and lack of funds due to involvement of complex technologies and high end features.
Thus, the cost associated with installation, maintenance and service proves to be a major barrier in the growth of safety laser scanners.
Furthermore, compared to H1, 2021, the market is projected to decline by 90 BPS in H1 -2022 (O). High market competition for products with similar offerings across the market such as safety mats hampers the market growth. Moreover, leaking oil, dust or grease can trip the safety laser scanners which restricts its operations and slows the market demand.
A safety laser scanner is a development in machinery safety, which has had a transforming impact on machinery development and productivity. Safety laser scanners have introduced new methods such as 3D scanning systems to provide detailed analysis for road surveying and traffic construction.
The safety laser scanner market is estimated to rise at 6.2% CAGR between 2022 and 2027 in comparison with 5.0% CAGR registered during 2013-2021.
A safety laser scanner detects when a person approaches within the range of any hazardous movement. In case the warning field is accessed, a controlled barking system that warns against the hazardous movement is activated, following which access to the protected field is prevented. In situations where it is difficult to watch in the danger zones, a safety laser scanner is installed to detect the entry of a person, and it helps prevent the same.
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Safety laser scanners have applications for stationary as well as mobile purposes. They are often used to help avoid the collision of vehicles as well as for vehicle navigation applications.
As safety laser scanners are flexible, they are widely used for mobile applications. For mobile applications, these scanners have a special feature known as zone set switching. These scanners provide this feature through various factors, such as safety standards, resolution, physics, traffic, environment and maximum range.
As per the requirement of a specific operation or a process, the safety laser scanner can be programmed into different zone sets, which can be switched from one set to another based on specific needs. This ability of safety laser scanners to dynamically change is expected to be one of the major factors driving the market, during the forecast period.
Over the last few months, the COVID-19 epidemic has interrupted everything as production halted, customers got self-isolated in their homes, and global trade has also been stopped between several countries.
The safety laser scanners market is facing a slowdown as a result of the COVID-19 epidemic, including the effects triggered by self-isolation guidelines, manufacturer’s moving supply chains away from developing countries such as China, and modifying safety laser scanners materials used for essential commodities.
During the corona pandemic, safety laser scanners production in China fell by up to 70 percent compared to normal volumes, but recovered as the infection curve fell and is now back to last year’s levels in both the retail and the commercial segments. However, according to estimates, if the COVID-19 pandemic situation gets controlled during Q2-Q3, 2022, the market for safety laser scanners would recover soon and is estimated return to growth by Q3, 2022.
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How big is the Opportunity for Adoption of Safety Laser Scanners in the China?
Asia Pacific excluding Japan is predicted to remain one of the most attractive markets during the forecast period. According to the study, China is expected to account for nearly 40.7% of the Asia Pacific excluding Japan market share in 2022.
The growth of the safety laser scanners market in China depends on the growth of the consumer electronics and manufacturing sectors, where safety laser scanners are extensively used. 2D safety laser scanners are used in consumer electronics and automotive sector. Preference for 3D safety laser scanners is another key trend in safety laser scanners market in the Asia Pacific excluding Japan region.
The safety laser scanners demand in the Germany is expected to rise at a notable CAGR of around 7.9% over the forecast period. Increasing demand for safety laser scanner for logistics and packaging operations in manufacturing facilities is driving the demand for Germany safety laser scanners market.
However, Spain and BENELUX together are estimated to create 13% of the total incremental $ opportunity created by the European region. Owing to technological advancement such as time-of-flight technology, and continues innovation in automotive industry, the demand for safety laser scanner is increasing in this region.
India market is set to report the one of the largest manufacturer of safety laser scanners, and market size is expected reach 1.5X by 2027. The India market is anticipated to create an absolute dollar opportunity of ~US$ 8.4 Mn during 2022-27.
India safety laser scanners market growth can be attributed to the rapid increase in production facilities in India for end-user industries such as healthcare & pharmaceuticals and automotive. Further, government rules and regulations are also in favor of increasing the number of safety laser scanners manufacturing facilities in this region.
Why is Demand for Mobile Safety Laser Scanner Rising?
The stationary safety laser scanner segment by type will dominate the global demand for safety laser scanner, and expected to grow by 1.3X between 2022 & 2027. However, mobile safety laser scanner segment is set to witness highest growth rate of nearly 7.5% CAGR during 2022-27.
The increasing usage of mobile safety laser scanner is fuelling the global safety laser scanner market. It also offers various feature such as area protection, wide detection range, high-precision measurement data, ultra-compact design, and others.
On the basis of end user, safety laser scanner is sub-segmented into automotive, food & beverages, healthcare & pharmaceuticals, consumer electronics, and others. Automotive sub-segment is expected to dominate the overall end user segment in terms of revenue share as 37.5% in 2022.
The increasing usage of safety laser scanner for automotive applications such as vehicle navigation, robotic work cells, automated guided vehicles (AGV), and others, to drive market growth. Safety laser scanners are widely employed in the pharmaceutical manufacturing business, which is primarily concerned with drug production, which is the process of synthesising pharmaceutical medications on a big scale.
The safety laser scanner manufacturer focuses on launching innovative products and expanding its safety laser scanner offerings to deliver enhanced technology as well as offer new and upgraded products in new markets. The business alliances strategy helps the company in product development, technological management, and in expanding its customer base.
For instance:
| Attribute | Details |
|---|---|
| Market value in 2021 | US$ 280.2 Million |
| Market CAGR 2013 to 2021 | 5.0% |
| Share of top 5 players | Around 30% |
| Forecast Period | 2022 to 2027 |
| Historical Data Available for | 2013 to 2021 |
| Market Analysis | USD Million for Value |
| Key regions covered | North America; Latin America; Europe; Middle East and Africa; APEJ |
| Key countries covered | USA, Canada, Brazil, Mexico, Germany, UK., France, Spain, Russia, China, India, Malaysia, Singapore, Australia, Japan, GCC countries, Israel, and South Africa |
| Key market segments covered |
Type, End User, Region |
| Key companies profiled |
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 |
| Report coverage | Market forecast, company share analysis, competition intelligence, DROT analysis, market dynamics and challenges, and strategic growth initiatives |
| Customization & pricing | Available upon request |
APEJ region is projected to register strong growth in the market, exhibiting a CAGR of nearly 7.2% during the forecast period.
Some of the leading companies in this landscape are Rockwell Automation, Panasonic Corporation, SICK, and others. As per Future Market Insights, nearly 45%-50% of the market share is currently covered by the top 15-20 players.
The safety laser scanner market was valued at ~US$ 280.2 Mn in 2021, and is estimated to grow at an exceptional pace with a CAGR of 6.2% to reach ~US$ 402.2 Mn in 2027.
The market in last 8 years (2013 – 2021) grew by a CAGR of 5.0%.
Key trends in the market includes: • Growing concerns for the safety of workers and machines • Increasing demand for safety laser scanners for logistics and packaging operations
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting Market
3.2. Product Innovation & Development Trends
3.3. Key Success Factors
4. Pricing Analysis
4.1. Safety Laser Scanner Pricing Analysis, By Type
4.2. Global Average Pricing Analysis Benchmark
5. Market Structure Analysis
5.1. Market Analysis by Tier of Companies
5.2. Market Concentration
5.3. Market Share Analysis of Top Players
5.4. Market Presence Analysis
5.4.1. Regional footprint by Players
5.4.2. Product footprint by Players
5.4.3. Channel footprint by Players
6. Global Safety Laser Scanner Market Demand (in Volume in ‘000 Units) Analysis 2013-2021 and Forecast, 2022-2027
6.1. Historical Market Volume (‘000 Units) Analysis, 2013-2021
6.2. Current and Future Market Volume (‘000 Units) Projections, 2022-2027
6.2.1. Y-o-Y Growth Trend Analysis
7. Global Safety Laser Scanner Market Demand (in Value in US$ Mn) Analysis 2013-2021 and Forecast, 2022-2027
7.1. Historical Market Value (US$ Mn) Analysis, 2013-2021
7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2027
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.3. Value Chain
8.4. Market Dynamics
8.4.1. Drivers
8.4.2. Restraints
8.4.3. Opportunities
9. Global Safety Laser Scanner Market Analysis 2013-2021 and Forecast 2022-2027, by Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By Type, 2013 - 2021
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Type, 2022 - 2027
9.3.1. Stationary Safety Laser Scanner
9.3.2. Mobile Safety Laser Scanner
9.4. Market Attractiveness Analysis By Type
10. Global Safety Laser Scanner Market Analysis 2013-2021 and Forecast 2022-2027, by End User
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) Analysis By End User, 2013 - 2021
10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End User, 2022 - 2027
10.3.1. Automotive
10.3.2. Food & Beverages
10.3.3. Healthcare & Pharmaceuticals
10.3.4. Consumer Electronics
10.3.5. Others
10.4. Market Attractiveness Analysis By End User
11. Global Safety Laser Scanner Market Analysis 2013-2021 and Forecast 2022-2027, by Region
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) Analysis By Region, 2013 - 2021
11.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2022 - 2027
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. Asia & Pacific excluding Japan
11.3.5. Japan
11.3.6. Middle East & Africa
11.4. Market Attractiveness Analysis By Region
12. North America Safety Laser Scanner Market Analysis 2013-2021 and Forecast 2022-2027
12.1. Introduction
12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2021
12.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2027
12.3.1. By Type
12.3.2. By End User
12.3.3. By Country
12.3.3.1. U.S.
12.3.3.2. Canada
12.4. Market Attractiveness Analysis
12.4.1. By Type
12.4.2. By End User
12.4.3. By Country
12.5. Market Trends
12.6. Key Market Participants - Intensity Mapping
13. Latin America Safety Laser Scanner Market Analysis 2013-2021 and Forecast 2022-2027
13.1. Introduction
13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2021
13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2027
13.3.1. By Type
13.3.2. By End User
13.3.3. By Country
13.3.3.1. Brazil
13.3.3.2. Mexico
13.3.3.3. Rest of Latin America
13.4. Market Attractiveness Analysis
13.4.1. By Type
13.4.2. By End User
13.4.3. By Country
13.5. Market Trends
13.6. Key Market Participants - Intensity Mapping
14. Europe Safety Laser Scanner Market Analysis 2013-2021 and Forecast 2022-2027
14.1. Introduction
14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2021
14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2027
14.3.1. By Type
14.3.2. By End User
14.3.3. By Country
14.3.3.1. Germany
14.3.3.2. Italy
14.3.3.3. France
14.3.3.4. U.K.
14.3.3.5. Spain
14.3.3.6. BENELUX
14.3.3.7. Russia
14.3.3.8. Rest of Europe
14.4. Market Attractiveness Analysis
14.4.1. By Type
14.4.2. By End User
14.4.3. By Country
14.5. Market Trends
14.6. Key Market Participants - Intensity Mapping
15. Asia Pacific excluding Japan Safety Laser Scanner Market Analysis 2013-2021 and Forecast 2022-2027
15.1. Introduction
15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2021
15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2027
15.3.1. By Type
15.3.2. By End User
15.3.3. By Country
15.3.3.1. China
15.3.3.2. India
15.3.3.3. Malaysia
15.3.3.4. Singapore
15.3.3.5. Australia
15.3.3.6. Rest of APEJ
15.4. Market Attractiveness Analysis
15.4.1. By Type
15.4.2. By End User
15.4.3. By Country
15.5. Market Trends
15.6. Key Market Participants - Intensity Mapping
16. Japan Safety Laser Scanner Market Analysis 2013-2021 and Forecast 2022-2027
16.1. Introduction
16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2021
16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2027
16.3.1. By Type
16.3.2. By End User
16.4. Market Attractiveness Analysis
16.4.1. By Type
16.4.2. By End User
16.5. Market Trends
16.6. Key Market Participants - Intensity Mapping
17. Middle East and Africa Safety Laser Scanner Market Analysis 2013-2021 and Forecast 2022-2027
17.1. Introduction
17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2013 - 2021
17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2022 - 2027
17.3.1. By Type
17.3.2. By End User
17.3.3. By Country
17.3.3.1. GCC Countries
17.3.3.2. South Africa
17.3.3.3. Israel
17.3.3.4. Rest of Middle East and Africa
17.4. Market Attractiveness Analysis
17.4.1. By Type
17.4.2. By End User
17.4.3. By Country
17.5. Market Trends
17.6. Key Market Participants - Intensity Mapping
18. Competition Analysis
18.1. Competition Dashboard
18.2. Key Strategies, by Competitors
18.3. Competition Deep Dive
18.3.1. Rockwell Automation, Inc.
18.3.1.1. Business Overview
18.3.1.2. Type & Service Portfolio
18.3.1.3. Key Financial Outlook (Business Segment/Region)
18.3.1.4. Key Market Developments
18.3.1.5. Strategy Overview
18.3.1.5.1. Type Strategy
18.3.1.5.2. Business Strategy
18.3.2. Panasonic Corporation
18.3.2.1. Business Overview
18.3.2.2. Type & Service Portfolio
18.3.2.3. Key Financial Outlook (Business Segment/Region)
18.3.2.4. Key Market Developments
18.3.2.5. Strategy Overview
18.3.2.5.1. Type Strategy
18.3.2.5.2. Business Strategy
18.3.3. SICK AG
18.3.3.1. Business Overview
18.3.3.2. Type & Service Portfolio
18.3.3.3. Key Financial Outlook (Business Segment/Region)
18.3.3.4. Key Market Developments
18.3.3.5. Strategy Overview
18.3.3.5.1. Type Strategy
18.3.3.5.2. Business Strategy
18.3.4. Omron Corporation
18.3.4.1. Business Overview
18.3.4.2. Type & Service Portfolio
18.3.4.3. Key Financial Outlook (Business Segment/Region)
18.3.4.4. Key Market Developments
18.3.4.5. Strategy Overview
18.3.4.5.1. Type Strategy
18.3.4.5.2. Business Strategy
18.3.5. Keyence Corporation
18.3.5.1. Business Overview
18.3.5.2. Type & Service Portfolio
18.3.5.3. Key Financial Outlook (Business Segment/Region)
18.3.5.4. Key Market Developments
18.3.5.5. Strategy Overview
18.3.5.5.1. Type Strategy
18.3.5.5.2. Business Strategy
18.3.6. IDEC Corporation
18.3.6.1. Business Overview
18.3.6.2. Type & Service Portfolio
18.3.6.3. Key Financial Outlook (Business Segment/Region)
18.3.6.4. Key Market Developments
18.3.6.5. Strategy Overview
18.3.6.5.1. Type Strategy
18.3.6.5.2. Business Strategy
18.3.7. Pepperl+Fuchs GmbH
18.3.7.1. Business Overview
18.3.7.2. Type & Service Portfolio
18.3.7.3. Key Financial Outlook (Business Segment/Region)
18.3.7.4. Key Market Developments
18.3.7.5. Strategy Overview
18.3.7.5.1. Type Strategy
18.3.7.5.2. Business Strategy
18.3.8. Banner Engineering
18.3.8.1. Business Overview
18.3.8.2. Type & Service Portfolio
18.3.8.3. Key Financial Outlook (Business Segment/Region)
18.3.8.4. Key Market Developments
18.3.8.5. Strategy Overview
18.3.8.5.1. Type Strategy
18.3.8.5.2. Business Strategy
18.3.9. Leuze electronic GmbH + Co. KG
18.3.9.1. Business Overview
18.3.9.2. Type & Service Portfolio
18.3.9.3. Key Financial Outlook (Business Segment/Region)
18.3.9.4. Key Market Developments
18.3.9.5. Strategy Overview
18.3.9.5.1. Type Strategy
18.3.9.5.2. Business Strategy
18.3.10. Hans TURCK GmbH & Co. KG
18.3.10.1. Business Overview
18.3.10.2. Type & Service Portfolio
18.3.10.3. Key Financial Outlook (Business Segment/Region)
18.3.10.4. Key Market Developments
18.3.10.5. Strategy Overview
18.3.10.5.1. Type Strategy
18.3.10.5.2. Business Strategy
19. Assumptions and Acronyms Used
20. Research Methodology
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Safety Laser Scanner Market
