Safety Laser Scanner Market Expected To Grow At Higher CAGR from 2018 To 2023

1. MarketsandMarkets Presents Safety Laser Scanner Market Expected To Grow At Higher CAGR from 2018 To 2023 Safety Laser Scanner Market by Product Type (Mobile Safety Laser Scanner, Stationary Safety Laser Scanner), End-User Industry (Automotive, Food & Beverages, Healthcare & Pharmaceuticals, and Consumer Goods and Electronics) – Global Forecast to 2023 https://www.marketsandmarkets.com/Market-Reports/safety-laser-scanner-market-151486495.html

2. The overall safety laser scanner market is expected to grow from USD 304 million in 2018 to USD 406 million by 2023, at a high CAGR during 2018–2023. The safety laser scanners offer a long-term cost-effective solution for use with new machine installations or for retro fitting machines, plants, or even vehicles. Therefore, small form factor, high user-friendliness, seamless integration, and high on power efficiency collectively are responsible for the overall growth of the market. The healthcare & pharmaceutical end-user industry is likely to exhibit highest CAGR during the forecast period. Additionally, the mobile safety laser scanner market are expected to witness increased adoption across automotive, consumer goods & electronics, and healthcare & pharmaceutical end-user industry in near future. Browse 66 market data Tables and 31 Figures spread through 124 Pages and in-depth TOC on "Safety Laser Scanner Market - Global Forecast to 2023"

3. Safety Laser Scanner Market Expected To Grow At Higher CAGR from 2018 to 2023 Because Of Increasing Fatalities within Workplaces Safety laser scanners are critical components that are used to prevent any mishaps occurring at workplaces across automotive and other general manufacturing industries. This is because such work areas involve the installation or operation of machinery equipment that is critical to the overall production process. A report by the US Bureau of Labor Statistics released in 2016 highlighting the increasing number of fatalities in the US indicates the need for safety laser scanners. Ask PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=151486495 Small Form Factor, High User-Friendliness, Seamless Integration, and High Power Efficiency Favor the Market for Safety Laser Scanners Safety laser scanners have been in the industry since the 1970s because of the increasing use of automation solutions in production facilities to improve plant productivity and, at the same time, ensure the safety of workers. Production facilities comprise a large number of machines with varying sizes and specific functionalities. Safety laser scanners have proved themselves to be an ideal cost-effective safety solution for production facilities all across the globe.

4. Among 4 major regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), the market in APAC is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the rapid increase in the production facilities in APAC for various end-user industries such as automotive and consumer goods & electronics. Europe and North America are the next major regions that are expected to exhibit substantial growth rates in the safety laser scanner market with high CAGR during the forecast period. Further, government policies are also in favour of increasing the number of manufacturing facilities in this region. Request Free Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=151486495 Companies such as Foxconn Technology Company Limited (Taiwan) has been working on developing industrial robots, targeting ~30% automation in Chinese factories by 2020 because of continuously increasing labor wages in the country.

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