2D Sensor Market

2D Sensor Market Outlook - 2030

2D sensors are useful for detecting and ranging objects on surfaces. 2D sensor is a remote sensing technology that involves illuminating a target with the help of a laser and further evaluating the reflected light to determine its range. This process enables the sensor to accurately determine the distance between objects. 2D sensors work with constant reliability and precision regardless of installation angle, and can be utilized both indoors and outdoors.

It provides accurate measurement data for a variety of activities, which include navigation, detection, and measurement. With many established sensor manufacturers, such as SICK AG, Terabee, and Pepperl+Fuchs, along with new start-ups, such as Scantinel Photonics and BlueSpace ai, entering the autonomous driving sector, this sector is fast evolving. Sensors are being employed in a variety of sectors and applications due to their unique ability to provide dependable detection and range from short to long distances. Autonomous driving demands these devices in their automotive sensor suite, for example, radar and camera vision.

The global 2D sensor market is segmented on the basis of type, application, industry vertical and region. Based on type, the 2D sensor market is divided into CMOS and CCD. In terms of application, the market is categorized into navigation, detection, measurement, and others. In terms of industry vertical, the 2D sensor market is segregated into automotive, surveillance and security, robotics, logistics and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global 2D sensor industry include Pepperl+Fuchs, Omron Corporation, SICK AG, Terabee, ROS Components, EandM, NEX Instrument Inc, NHK TECH, HANGZHOU OLE-SYSTEMS CO., LTD, LeddarTech Inc. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global 2D sensor market.

COVID-19 Impact Analysis

Attributed to lockdown implemented in many regions, manufacturing units in the electronics and semiconductors sectors have been shut down totally or partially. Labor and raw material shortages have been witnessed across the world. There is rise in demand to enhance local food production systems and develop an economy oriented on soil restoration via nutrient cycling and carbon sequestration, reducing pollution, and preventing food contamination.

For monitoring food on the conveyor belt line and if necessary, rejecting poorly positioned item with the help of a robot installed with sensors, precise position detection is required. This is expected to help in increasing the opportunities of installation of 2D sensors. Furthermore, the adverse impact of the COVID-19 outbreak is projected to last a short time as the market is expected to recover at a rapid pace, resulting in increased demand for sensor installation.

Top Impacting Factors

The implementation of sensor technologies has increased as a result of the establishment of many automobiles safety laws across the world. According to the National Highway Traffic Safety Administration (NHTSA), all vehicles in the U.S. were fitted with an advanced driving system by the end of 2020. In the food and &beverages industry, an expanded range of sensors is employed for surface examination of processed items, which is expected to boost the 2D sensor market growth.

Market Trends

Increased expansion plans by large corporations, such as LeddarTech (market leader in environmental sensing for self-driving cars and advanced driver assistance systems) and Pepperl+Fuchs (a leading sensors manufacturer), in North America, Germany, France, and others are driving the sensor market trend across the globe. The rising need for mechanical sensor in automotive and manufacturing for industrial purposes, such as distance measurement, displacement, location, and width, along with embroidery personalized logos is driving the market expansion in this region.

New Product Launches to Boost the 2D Sensor Market

Major 2D sensor manufacturers have taken crucial measures to boost overall functionality, visibility, and reliability of laser sensors to deliver finely imaged, steady, and accurate findings while sensing motion.

In April 2021, LeddarTech, a manufacturer of AD sensing technology, released Leddar Sight, a reliable and affordable 2D solid-state LiDAR sensor. Without any moving parts, it uses flash light to provide continuous, precise detection, and distance of objects & barriers across its entire angle of vision.

Surge in Usage in Automotive and Industrial Applications

The presence of various enterprises, such as Sick AG, Leosphere, and others, contributes to the market growth in Germany, France, and others.  During the forecast timeframe, markets in Latin America and the Middle East & Africa are expected to develop at a steady rate. Governments and local businesses have increased their initiatives and investments, resulting in continued growth of the market.

Asia-Pacific is expected to witness a high CAGR in this market over the next several years. The increased demand for sensor systems in manufacturing and IT & telecommunication industries is responsible for the rapid growth of the Asia-Pacific 2D sensor market. Moreover, to develop and launch improved LiDAR products, leading companies in the region are concentrating on mergers and cooperation with other firms.

Key Benefits of the Report

• This study presents the analytical depiction of the 2D sensor market forecast along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the 2D sensor market share.
• The current market is quantitatively analyzed to highlight the 2D sensor market trends and growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed 2D sensor market analysis on the basis of competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the 2D Sensor Market Report

• What are the leading market players active in the 2D sensor market size?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future would help in taking further strategic steps?

 2D Sensor Market Report Highlights