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LAMEA Laser Sensor Market Size, Share & Trends Analysis Report By Component (Hardware and Services), By Type, By Application (Process Monitoring & Quality Control and Others), By End-use (Automotive and Others), By Country and Growth Forecast, 2024 - 2031

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    Report

  • 153 Pages
  • August 2024
  • Region: Africa, Middle East
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6004087
The Latin America, Middle East and Africa Laser Sensor Market would witness market growth of 15.1% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Laser Sensor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $38.8 million by 2031. The Argentina market is showcasing a CAGR of 16% during 2024-2031. Additionally, the UAE market would register a CAGR of 14.4% during 2024-2031.



The market expansion is bolstered by an increase in the production of consumer electronics. Smartphones and wearable devices, key drivers of the consumer electronics industry, have incorporated these sensors to enable more advanced functionality, such as motion tracking, distance measurement, and biometric authentication. A mobile phone is owned by 78% of the population aged 10 and older in 2023, which is 11 percentage points higher than the percentage of individuals who use the Internet, according to the International Telecommunication Union (ITU). This gap is shrinking in all regions, as growth in Internet use has significantly outpaced the growth of mobile phone ownership over the last three years.

Wearable devices, including smartwatches and fitness monitors, are increasingly utilizing these sensors for a variety of health-related applications in addition to smartphones. These sensors are indispensable for the development of immersive experiences in augmented reality (AR) and virtual reality (VR) by accurately detecting gestures and monitoring movements. As the AR and VR sectors grow, these sensors are becoming increasingly important for ensuring the accuracy and responsiveness of these technologies.

South Africa’s automotive sector has become a key area for the sensor adoption as the country continues to grow as an automotive manufacturing hub in Africa. With automakers like BMW, Volkswagen, and Ford maintaining production facilities in South Africa, these sensors are being integrated into assembly lines for welding, component alignment, and quality inspection tasks. In 2022, the South African automotive industry's broader contribution to the gross domestic product (GDP) was 4.9%, as reported by the International Trade Administration. This includes 2.9% manufacturing and 2% retail. The demand for these sensors in the country's automotive plants is driven by the increasing automation of production processes and the push toward more efficient manufacturing. This is due to the need to ensure precision and improve productivity. Thus, the demand for laser sensors in LAMEA is fueled by the modernization of industries across the region.

List of Key Companies Profiled

  • Keyence Corporation
  • Banner Engineering Corporation
  • SICK AG
  • Rockwell Automation, Inc.
  • Omron Corporation
  • Baumer Holding AG
  • Panasonic Holdings Corporation
  • Leuze electronic GmbH & Co. KG
  • Schneider Electric SE
  • Laser Technology, Inc.

Market Report Segmentation

By Component

  • Hardware
  • Software
  • Services

By Type

  • Laser Displacement Sensors
  • Laser Photoelectric Sensors
  • Laser Scanners
  • Others

By Application

  • Process Monitoring & Quality Control
  • Distance Measurement
  • Security & Surveillance
  • Motion & Guidance
  • Manufacturing Plant Management
  • Others

By End-use

  • Automotive
  • Consumer Electronics
  • Healthcare
  • Aerospace & Defense
  • Food & Beverages
  • Chemical
  • Others

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Laser Sensor Market, by Component
1.4.2 LAMEA Laser Sensor Market, by Type
1.4.3 LAMEA Laser Sensor Market, by Application
1.4.4 LAMEA Laser Sensor Market, by End-use
1.4.5 LAMEA Laser Sensor Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Product Launches and Product Expansions
4.2.2 Partnerships, Collaborations and Agreements
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions : 2020, Jan - 2024, May) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. LAMEA Laser Sensor Market by Component
5.1 LAMEA Hardware Market by Country
5.2 LAMEA Software Market by Country
5.3 LAMEA Services Market by Country
Chapter 6. LAMEA Laser Sensor Market by Type
6.1 LAMEA Laser Displacement Sensors Market by Country
6.2 LAMEA Laser Photoelectric Sensors Market by Country
6.3 LAMEA Laser Scanners Market by Country
6.4 LAMEA Others Market by Country
Chapter 7. LAMEA Laser Sensor Market by Application
7.1 LAMEA Process Monitoring & Quality Control Market by Country
7.2 LAMEA Distance Measurement Market by Country
7.3 LAMEA Security & Surveillance Market by Country
7.4 LAMEA Motion & Guidance Market by Country
7.5 LAMEA Manufacturing Plant Management Market by Country
7.6 LAMEA Others Market by Country
Chapter 8. LAMEA Laser Sensor Market by End-use
8.1 LAMEA Automotive Market by Country
8.2 LAMEA Consumer Electronics Market by Country
8.3 LAMEA Healthcare Market by Country
8.4 LAMEA Aerospace & Defense Market by Country
8.5 LAMEA Food & Beverages Market by Country
8.6 LAMEA Chemical Market by Country
8.7 LAMEA Others Market by Country
Chapter 9. LAMEA Laser Sensor Market by Country
9.1 Brazil Laser Sensor Market
9.1.1 Brazil Laser Sensor Market by Component
9.1.2 Brazil Laser Sensor Market by Type
9.1.3 Brazil Laser Sensor Market by Application
9.1.4 Brazil Laser Sensor Market by End-use
9.2 Argentina Laser Sensor Market
9.2.1 Argentina Laser Sensor Market by Component
9.2.2 Argentina Laser Sensor Market by Type
9.2.3 Argentina Laser Sensor Market by Application
9.2.4 Argentina Laser Sensor Market by End-use
9.3 UAE Laser Sensor Market
9.3.1 UAE Laser Sensor Market by Component
9.3.2 UAE Laser Sensor Market by Type
9.3.3 UAE Laser Sensor Market by Application
9.3.4 UAE Laser Sensor Market by End-use
9.4 Saudi Arabia Laser Sensor Market
9.4.1 Saudi Arabia Laser Sensor Market by Component
9.4.2 Saudi Arabia Laser Sensor Market by Type
9.4.3 Saudi Arabia Laser Sensor Market by Application
9.4.4 Saudi Arabia Laser Sensor Market by End-use
9.5 South Africa Laser Sensor Market
9.5.1 South Africa Laser Sensor Market by Component
9.5.2 South Africa Laser Sensor Market by Type
9.5.3 South Africa Laser Sensor Market by Application
9.5.4 South Africa Laser Sensor Market by End-use
9.6 Nigeria Laser Sensor Market
9.6.1 Nigeria Laser Sensor Market by Component
9.6.2 Nigeria Laser Sensor Market by Type
9.6.3 Nigeria Laser Sensor Market by Application
9.6.4 Nigeria Laser Sensor Market by End-use
9.7 Rest of LAMEA Laser Sensor Market
9.7.1 Rest of LAMEA Laser Sensor Market by Component
9.7.2 Rest of LAMEA Laser Sensor Market by Type
9.7.3 Rest of LAMEA Laser Sensor Market by Application
9.7.4 Rest of LAMEA Laser Sensor Market by End-use
Chapter 10. Company Profiles
10.1 Keyence Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments
10.1.5.1 Product Launches and Product Expansions
10.1.6 SWOT Analysis
10.2 Banner Engineering Corporation
10.2.1 Company Overview
10.2.2 Recent strategies and developments
10.2.2.1 Product Launches and Product Expansions
10.2.3 SWOT Analysis
10.3 Sick AG
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Regional Analysis
10.3.4 Research & Development Expenses
10.3.5 Recent strategies and developments
10.3.5.1 Partnerships, Collaborations, and Agreements
10.3.5.2 Product Launches and Product Expansions
10.3.6 SWOT Analysis
10.4 Rockwell Automation, Inc.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments
10.4.5.1 Product Launches and Product Expansions
10.4.6 SWOT Analysis
10.5 Omron Corporation
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments
10.5.5.1 Product Launches and Product Expansions
10.5.6 SWOT Analysis
10.6 Baumer Holding AG
10.6.1 Company Overview
10.6.2 Recent strategies and developments
10.6.2.1 Product Launches and Product Expansions
10.6.3 SWOT Analysis
10.7 Panasonic Holdings Corporation
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments
10.7.5.1 Product Launches and Product Expansions
10.7.6 SWOT Analysis
10.8 Leuze Electronic GmbH & Co. KG
10.8.1 Company Overview
10.8.2 Recent strategies and developments
10.8.2.1 Product Launches and Product Expansions
10.9 Schneider Electric SE
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expense
10.9.5 Recent strategies and developments
10.9.5.1 Product Launches and Product Expansions
10.9.6 SWOT Analysis
10.10. Laser Technology, Inc.
10.10.1 Company Overview
10.10.2 Recent strategies and developments
10.10.2.1 Product Launches and Product Expansions:

Companies Mentioned

  • Keyence Corporation
  • Banner Engineering Corporation
  • SICK AG
  • Rockwell Automation, Inc.
  • Omron Corporation
  • Baumer Holding AG
  • Panasonic Holdings Corporation
  • Leuze electronic GmbH & Co. KG
  • Schneider Electric SE
  • Laser Technology, Inc.

Methodology

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