LONDON--(BUSINESS WIRE)--The global safety laser scanners market is projected to grow to USD 182.4 million by 2021, at a CAGR of more than 3% over the forecast period, according to Technavio’s latest report.
In this report, Technavio covers the market outlook and growth prospects of the global safety laser scanners market for 2017-2021. Based on the product type, the market is divided into mobile and stationery safety laser scanners segments.
|A safety laser scanner is an optoelectronic device used to monitor activities in dangerous work-designated areas. Safety laser scanners offer area protection and access monitoring for mobile and stationary applications. The market for safety laser scanners is growing owing to the increase in the automation of operations and activities across industries such as warehousing and packaging.|
Technavio’s research study segments the global safety laser scanners market into the following regions:
Safety laser scanners market in APAC
“APAC is the largest and fastest-growing segment of the safety laser scanners market, driven by the rising automation of operations across industries such as automotive, food processing, warehousing, and logistics,” says Neelesh Prakash Singh, a lead analyst at Technavio for power research.
The demand for robots for industrial applications will originate primarily from countries such as China, Japan, and South Korea. These robots not only help in reducing downtime but also integrate real-time data from customers and automated logistics systems. The increasing use of robots in warehouses and distribution centers is expected to drive the demand for safety laser scanners at an accelerated pace during the forecast period.
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Safety laser scanners market in the Americas
Industries in North America are moving toward the use of material handling devices and robots in manufacturing industries. The automotive industry in North America is witnessing the fastest rate of modernization and automation of operations, leading to many manufacturers prioritizing on investments towards robotization.
For instance, Tesla - an automaker, energy storage company, and solar panel manufacturer is making significant investments to open a "gigafactory" in Nevada, US, which will be a battery production plant and an automated manufacturing research center. The growing demand for robots in the automotive industry and logistics operations will create a demand for safety laser scanners during the forecast period.
Safety laser scanners market in EMEA
Taking about the safety laser scanner market in EMEA, Neelesh says, “The expansion and automation of operations in industries such as packaging, warehousing, and food processing will contribute to the growth of safety laser scanners market in EMEA.”
Apart from the automation in the automobile manufacturing industry, there has been significant adoption of material handling equipment in warehouses across Europe. Also, the growth of the e-commerce industry has led several retailers to focus on the importance of material handling equipment and the need to satisfy orders through omni-channel retailing.
The top vendors in the global safety laser scanners market highlighted in the report are:
- Leuze electronic
- Panasonic Electric Works
- Rockwell Automation
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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