The Europe Laser Sensor Market would witness market growth of 11.9% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Laser Sensor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $121.7 million by 2031. The UK market is exhibiting a CAGR of 10.9% during 2024-2031. Additionally, the France market would experience a CAGR of 12.8% during 2024-2031.
The rise of automation across numerous industries has been one of the primary drivers of the sensor market's expansion. According to the International Federation of Robotics (IFR), robot installations hit a new record level of 553,052 units. The major customer industries, automotive and electronics, installed substantially more robots than in 2021. As these industries continue to advance toward full automation, the demand for these sensors is expected to surge, particularly with the growth of autonomous vehicle initiatives. These sensors, notably LIDAR (Light Detection and Ranging) sensors, are being heavily invested in by major automakers and technology companies.
Beyond the automotive sector, these sensors have found widespread applications in manufacturing, where the shift toward smart manufacturing and Industry 4.0 is driving demand for more advanced, automated systems. According to a 2022 survey by SME and Clean Energy Smart Manufacturing Innovation Institute (CESMII), more than 70% of respondents believe smart technology will increase competitiveness for their organizations. Another key area of expansion for this market is healthcare, where the need for precision and non-contact measurement is driving the adoption of laser-based technologies. These sensors are increasingly used in medical devices and diagnostics for patient monitoring, surgical guidance, and non-invasive measurement of physiological parameters.
Europe’s emphasis on automation, sustainability, and precision across various sectors has created a strong demand for this sensor technology. According to the European Commission’s “Digital Europe Programme,” Europe has committed over €9.2 billion to fund digital transformation and innovation between 2021 and 2027. This includes investments in manufacturing, automotive, aerospace, and food processing sectors, which increasingly rely on precision these sensors for automation, quality control, and safety. Thus, supported by government investments and a focus on automation and precision, the laser sensor market in Europe is poised for continued expansion.
The Germany market dominated the Europe Laser Sensor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $121.7 million by 2031. The UK market is exhibiting a CAGR of 10.9% during 2024-2031. Additionally, the France market would experience a CAGR of 12.8% during 2024-2031.
The rise of automation across numerous industries has been one of the primary drivers of the sensor market's expansion. According to the International Federation of Robotics (IFR), robot installations hit a new record level of 553,052 units. The major customer industries, automotive and electronics, installed substantially more robots than in 2021. As these industries continue to advance toward full automation, the demand for these sensors is expected to surge, particularly with the growth of autonomous vehicle initiatives. These sensors, notably LIDAR (Light Detection and Ranging) sensors, are being heavily invested in by major automakers and technology companies.
Beyond the automotive sector, these sensors have found widespread applications in manufacturing, where the shift toward smart manufacturing and Industry 4.0 is driving demand for more advanced, automated systems. According to a 2022 survey by SME and Clean Energy Smart Manufacturing Innovation Institute (CESMII), more than 70% of respondents believe smart technology will increase competitiveness for their organizations. Another key area of expansion for this market is healthcare, where the need for precision and non-contact measurement is driving the adoption of laser-based technologies. These sensors are increasingly used in medical devices and diagnostics for patient monitoring, surgical guidance, and non-invasive measurement of physiological parameters.
Europe’s emphasis on automation, sustainability, and precision across various sectors has created a strong demand for this sensor technology. According to the European Commission’s “Digital Europe Programme,” Europe has committed over €9.2 billion to fund digital transformation and innovation between 2021 and 2027. This includes investments in manufacturing, automotive, aerospace, and food processing sectors, which increasingly rely on precision these sensors for automation, quality control, and safety. Thus, supported by government investments and a focus on automation and precision, the laser sensor market in Europe is poised for continued expansion.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Europe Laser Sensor Market by Component
Chapter 6. Europe Laser Sensor Market by Type
Chapter 7. Europe Laser Sensor Market by Application
Chapter 8. Europe Laser Sensor Market by End-use
Chapter 9. Europe Laser Sensor Market by Country
Chapter 10. Company Profiles
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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