SAN FRANCISCO, Oct. 19, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Laser Displacement Sensors - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE Edition: 9; Released: April 2021 Executive Pool: 442 Companies: 43 - Players covered include Panasonic Corporation; SICK AG; Keyence Corporation; Micro-Epsilon Messtechnik GmbH & Co. KG and Others. Coverage: All major geographies and key segments Segments: End-Use (Automotive, Aerospace & Defense, Industrial, Consumer Electronics, Other End-Uses) Geographies: World; United States; Canada; Japan; China; Europe ( France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Laser Displacement Sensors Market to Reach $5 Billion by 2026Amid the COVID-19 crisis, the global market for Laser Displacement Sensors estimated at US$3.5 Billion in the year 2020, is projected to reach a revised size of US$5 Billion by 2026, growing at a CAGR of 6.2% over the analysis period. Automotive, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$1.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Aerospace & Defense segment is readjusted to a revised 5.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.1 Billion in 2021, While China is Forecast to Reach $887.9 Million by 2026The Laser Displacement Sensors market in the U.S. is estimated at US$1.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$887.9 Million by the year 2026 trailing a CAGR of 5.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.8% and 5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
Industrial Segment to Reach US$1 Billion by the year 2026In the global Industrial segment, USA, Canada, Japan, China and Europe will drive the 6.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$562.2 Million in the year 2020 will reach a projected size of US$894.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyR™Global Industry Analysts, Inc., ( www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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