Market Size of Safety Laser Scanner Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.25 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Safety Laser Scanner Market Analysis
The safety laser scanners market is expected to witness a CAGR of 6.25% over the forecast period (2021 - 2026). The safety laser scanner works on the principle of 'time of flight' to measure the time taken by the light to reflect back from the object. Also, an integrated rotating mirror allows the protection areas defined by the user to be monitored in two dimensions. These scanners are being extensively used for both indoor and outdoor applications.
- Over the years, due to increasing fatalities at the workplaces especially in the industrial sector, the companies have been emphasizing on the safety measures and making the machine surrounding more safe for the operators. As the safety laser scanners allow installations on new as well as retro fitted machineries allowing companies to meet the safety complainces, it has gained more popularity in the market and hence driving the market growth.
- Moreover, the safety laser scanner pioneered by SICK AG is an effective, compact, and flexible for installation on various machines including staionary and moving machines. Also, these can be applied vertically as the access guarding systems. This is another factor fueling the adoption rate of safety laser scanners across the industries.
- However, due to the existing substitute products like safety mats and light curtains offering limited but similar solutions is hindering growth of the security laser scanners market to an extent.
Safety Laser Scanner Industry Segmentation
The scope of the study for the security laser scanners market has considered the vendors offering products for both stationary and vertical application with various coverage angle and response rate for a wide range of applications across the geographical regions.
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| Automotive | |
| Healthcare & Pharmaceuticals | |
| Consumer Goods & Electronics | |
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Safety Laser Scanner Market Size Summary
The safety laser scanner market is experiencing significant growth, driven by the increasing emphasis on workplace safety, particularly in industrial settings. These scanners utilize the 'time of flight' principle to measure distances by calculating the time taken for light to reflect back from objects, and are equipped with integrated rotating mirrors for two-dimensional monitoring. Their versatility in being installed on both new and retrofitted machinery has made them a popular choice for companies aiming to enhance safety compliance. The automotive industry, in particular, is a major adopter due to the rising use of automatic guided vehicles (AGVs), where safety laser scanners play a crucial role in navigation and obstacle detection. Despite the presence of substitute products like safety mats and light curtains, the demand for safety laser scanners continues to grow, fueled by their effectiveness and flexibility in various applications.
The market landscape is moderately consolidated, with a few key players like SICK AG, Leuze Electronics GmbH, OMRON Corporation, Panasonic Corporation, and Rockwell Automation Inc. leading the charge. These companies are actively investing in strategic partnerships and product innovations to expand their market share. Recent developments, such as SICK AG's launch of the outdoorScan3 model, highlight the ongoing advancements in the sector, aiming to enhance automation and efficiency in intralogistics processes. Additionally, regional factors such as labor cost increases in China and government initiatives like South Korea's OSHA are driving the adoption of safety laser scanners to meet safety regulations. The robotics sector's growth in East Asia and trade policies like RCEP further contribute to the market's expansion, indicating a robust demand for safety laser scanners in the coming years.
Safety Laser Scanner Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Automation in Different Industries Using AGVs
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1.2.2 Growing Emphasis on Workplace Safety
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1.3 Market Restraints
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1.3.1 Safety Mats and Light Curtains Offering Similar Protective Solutions
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1.4 Industry Value Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By End-user Industries
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2.1.1 Automotive
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2.1.2 Healthcare & Pharmaceuticals
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2.1.3 Consumer Goods & Electronics
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2.1.4 Other End-user Industries
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2.2 Geography
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2.2.1 North America
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2.2.1.1 US
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2.2.1.2 Canada
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2.2.1.3 Rest of North America
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2.2.2 Europe
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2.2.2.1 Germany
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2.2.2.2 UK
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2.2.2.3 France
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2.2.2.4 Rest of Europe
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2.2.3 Asia-Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Rest of Asia-Pacific
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2.2.4 Rest of the World
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2.2.4.1 Latin America
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2.2.4.2 Middle East and Africa
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Safety Laser Scanner Market Size FAQs
What is the current Safety Laser Scanner Market size?
The Safety Laser Scanner Market is projected to register a CAGR of 6.25% during the forecast period (2024-2029)
Who are the key players in Safety Laser Scanner Market?
Leuze Electronics GmbH, OMRON Corporation, Panasonic Corporation, Rockwell Automation Inc. and SICK AG are the major companies operating in the Safety Laser Scanner Market.
