Safety laser scanners projected to reach 6.2% CAGR by 2027

Feb 08, 2019

A recent study by Future Market Insights projects growth for the global safety laser scanner market in coming years. In 2019, the global shipments of safety laser scanners are poised to demonstrate 5.7 percent growth over that attained in 2018. According to FMI, the demand outlook has been attributed to rising incorporation of automation across industries.

The report positions high accuracy level of safety laser scanners to remain the primary factor boosting their demand, and further projects that growth in the shipments of mobile safety laser scanners will continue to contribute to the revenue growth of safety laser scanner market in coming years.

A large number of manufacturing companies are encouraging the demand growth in safety laser scanners for packaging and logistical operations.

According to the company's market research, stationary safety laser scanner sales currently make up 72 percent share of the total market value, as they have been a preferred choice among industrial operators over the years. But their researchers say that, looking at the surging applicability and rapidly growing popularity of mobile safety laser scanners in the recent past, it is more prudent to project a yearly growth outlook for mobile safety laser scanners in 2019 and beyond.

According to FMI, with rising concerns of the safety of industrial workers as well as machinery, it is more likely that the safety laser scanner sales would remain on a constant high over the course of coming years. Favorable regulations driven by various regional governments regarding industrial safety are playing a pivotal role in pushing the adoption of safety laser scanners across various industrial verticals.

Accounting for more than 35 percent share of the global market value in safety laser scanner landscape, automotive industry remains the most prominent end use industry, says the report. While vehicle navigation and a heap of more such applications have been maximum scope of applicability for safety laser scanners, the report also sheds light on the several other end use applications of safety laser scanners in consumer electronics, F&B, healthcare, and pharmaceuticals.

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