Industrial Automation Distance Measurement Sensor Market - Forecast(2024 - 2030)

Global distance measurement sensor market valued around $2.5 billion in the year 2017 and is expected to grow at approximately, CAGR 2% during 2018-2023. Industrial automation distance measurement sensor market is segmented by sensor type, measurement principle, operating spectrum, application, end user and geography. The laser diode sensor segment is estimated acquire the highest market share valuing in excess of $600m in 2017 owing to the prominent adoption of these sensors for automated inspection applications across various industries

Distance measurement sensors calculate the distance between the sensor and the object though various techniques such as Time-of-Flight (TOF), thru-beam sensing, retro reflective sensing, change in capacitance, inductance and so on. Laser triangulation techniques such as retro reflective and through beam sensing involves measurement of the angle between projected and reflected light to calculate the distance of the object. Time-of-Flight technique involves the measurement of travel time of the light, sonic or radio waves from the source to the object to generate the results. RADAR based distance measurement sensors are now gradually penetrating the industrial automation sector owing to its ability to measure large distances and independence on ambient environment or surface finish of the object. Confocal chromatic displacement measurement is an advanced non-contact distance measurement technique involving the assessment of change in white or infrared light spectral parameters in the reflected beam to obtain the distance reading. This market is estimated to witness prominent growth in excess of CAGR 4% during 2018-2023 owing to its ability for high precision measurement at high speeds irrespective of surface condition.

The various applications included in the report scope includes safety and people detection, contour and edge detection, counting, film thickness detection, height and level measurement, anti-collision, orientation or position detection and so on. These are the major applications of industrial automation, distance measurement sensors across various end user industries such as food and beverage, automotive, semiconductor and electronics, oil and gas, logistics and warehousing, metal processing, agriculture, chemicals, textile, pharmaceutical and so on.

The gradual increase in industrial robots in assembly lines of automotive, semiconductor and electronics sector to cope up with the blooming demand of the end products is driving the adoption of these sensors into those equipment for automated inspection at high speed and accuracy. Apart from that global increase in the demand for automated storage and retrieval systems, AGVs and other material handling systems for high speed and high volume warehousing is also set to assist the market growth in the future

The companies referred in the market research report include the SICK AG, Omron, Pepperl+Fuchs, Baumer, Banner Engineering and others. The report incorporates indepth assessment of the competitive landscape, SWOT analysis, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

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