Laser Displacement Sensors Offer Room For Competition

According to a recent report by Transparency Market Research, the global laser displacement sensor market is expected to experience a much-consolidated competitive landscape

As per the report, the global laser displacement sensor market is projected to expand at a steady CAGR of 7.6% from 2017 to 2025. In 2016, the market was valued at $2,713.2 million and is expected to reach around $5,201.4 million by the end of 2025.

Highlights

Rising use in in more application sectors to propel market growth.

High maintenance costs could hinder market growth.

Market is anticipated to witness an exponential development via automation and quality control.

Market helped by steady initiatives taken by the governments around the globe to execute industrial automation.