The report "Safety Laser Scanner Market by Product Type (Mobile Safety
Laser Scanner, Stationary Safety Laser Scanner), End-User Industry (Automotive,
Food & Beverages, Healthcare & Pharmaceuticals, and Consumer Goods and
Electronics) – Global Forecast to 2023",overall safety laser scanner market is expected to grow from
USD 304 million in 2018 to USD 406 million by 2023, at a CAGR of 5.99%.
Safety laser scanners offer a long-term cost-effective solution
for use with new machine installations or for retrofitting machines, plants, or
even vehicles. Therefore, small form factor, high user-friendliness, seamless
integration, and high on power efficiency collectively are responsible for the
overall growth of the market. The healthcare & pharmaceutical end-user
industry is likely to exhibit the highest CAGR during the forecast period.
Additionally, the mobile safety laser scanner market is expected to witness
increased adoption.
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Healthcare & Pharmaceuticals Segment to Account for Larger
Size of Safety Laser Scanner Market, Based on End-User Sector, by 2023
Lasers in the healthcare sector are used to improve patient
safety and experience. Safety laser scanners are used extensively in the
pharmaceutical manufacturing industry that relates largely to drug
manufacturing, which is the process of industrial-scale synthesis of
pharmaceutical drugs. Laser-based safety scanners play a critical role in the
optimization of warehousing, packaging, and logistics operations in
manufacturing facilities. For instance, safety laser scanners are used in
autonomous monitoring vehicles, or movable service robots for industrial use in
the pharmaceuticals sector for collision avoidance while logistics operations
are being executed. These scanners are used in receiving areas and manual
warehouse areas and also for transport and storage.
Safety Laser Scanner Market
Expected to Grow At Higher CAGR from 2018 to 2023 because of Increasing Fatalities
within Workplaces
The overall safety laser scanner market, in terms of value, is
expected to grow at a CAGR between 2018 and 2023. Key factors contributing to
the growth of this market include the increasing fatalities within workplaces,
increased automation with the adoption of Industry 4.0, and growing concerns
for the safety of machines and workers on the production floor. Moreover, the
adoption of AGVs and AGCs across end-user industries such as automotive,
healthcare & pharmaceuticals, consumer goods, and electronics are major
drivers of the growth of the safety laser scanner market.
APAC to hold largest size of
safety laser scanner market by 2023
The market in APAC is expected to grow at the highest CAGR
during the forecast period. This growth can be attributed to the rapid increase
in the production facilities in APAC for various end-user industries such as
automotive and consumer goods & electronics. Europe and North America are
the next major regions that are expected to exhibit substantial growth rates in
the safety laser scanner market with higher CAGR during the forecast period.
Further, government policies are also in favor of increasing the number of
manufacturing facilities in this region. Additionally, developing economies
such as China and India dominate the consumer electronics market in APAC.
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Key players profiled in this study include Leuze Electronics
GmbH (Germany), OMRON Corporation (Japan), Panasonic Corporation (Japan),
Rockwell Automation (US), SICK AG (Germany), Banner Engineering (US),
Hans Turck (US), Hokuyo Automatic Co., Ltd. (Japan), IDEC Corporation (Japan),
Keyence Corporation (Japan), Pilz GmbH & Co. KG (Germany), Datalogiv
SpA (Italy), Arcus Automation Private Limited(India), and ReeR SpA (Italy).
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