Global Road Profile Laser Sensors Market, By Measurement Range (Less Than 200 mm, 200–600 mm, More Than 600 mm), Application (Longitudinal Profile, Transverse Profile, Side Projections, Macro Texture, Others) – Industry Trends and Forecast to 2029.
Road Profile Laser Sensors Market Analysis and Size
Road profile laser sensors are largest adopted sensors in the automotive sector since last few decades. These sensors prevent from accidents and physical damages to the vehicle by measuring roughness of the road surface. Moreover, these sensors have advanced sensor technology because it includes both reliability and high accuracy in harsh environmental conditions, and fast sampling capability which can used to profile highways and expressways. Furthermore, growing construction industry, increasing investments for infrastructure development and demographic changes such as growing demand for smoother rides have also contributed to the high growth of the road profile laser sensors market during the forecast period of 2022-2029.
Data Bridge Market Research analyses that the road profile laser sensors market was valued at USD 625.00 million in 2021 and is expected to reach USD 1310.79 million by 2029, registering a CAGR of 9.70% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Road Profile Laser Sensors Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Measurement Range (Less Than 200 mm, 200–600 mm, More Than 600 mm), Application (Longitudinal Profile, Transverse Profile, Side Projections, Macro Texture, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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LMI TECHNOLOGIES INC, (U.S.), Schmitt Industries Inc, (U.S.), Data Collection Ltd (India), STEMMER IMAGING AG (Germany), Ophir Optronics Solutions Ltd (Israel), LIMAB (Sweden), PAVEMETRICS (Canada), ViaTech AS (U.S.), Micro-Epsilon (Germany), Laserline GmbH (Germany), RIFTEK LLC (Europe), Aeroel S.r.l. (Italy), IADIY Technology (U.S.), LASE Industrial Laser Technology GmbH (Germany), Egismos Corp. (Canada), Amphenol Advanced Sensors (U.S.)., PaveTesting Ltd (U.K.), FARO (U.S.)
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Market Opportunities
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Market Definition
Road profile laser sensors include non-contact laser sensors to determine the distance to the accelerometers and road surface to compensate for the effects of the vehicles movement. These measuring tasks are very challenging, especially for most lasers because road surfaces present numerous dynamically-changing targets such as yellow striping, tarmac, concrete, white striping, etc.
Global Road Profile Laser Sensors Market Dynamics
Drivers
- Integration of smart technology
The emergence of smart technologies such as semiconductor laser technologies and the Internet of things is major transformation in the industrial automation process. Internet of things (IoT) is anticipated to play a vital role in improving the productivity levels in modern companies and, bringing a new trend to the market. Thus, these laser sensors are being deployed on roads overall the globe to address quality control tasks in traffic management. The growing integration of smart technology in the road profile laser sensors are expected to drive the market growth rate.
- Rising adoption of road profile laser sensors for various applications
Road profile laser sensors are widely used in several applications such as longitudinal profile, transverse profile, side projections, macro texture and others to manage traffic and reduce the chances of accidents. This is one of the major factor which is expected to drive the growth of the road profile laser sensors market.
- Surging government initiatives
The increasing government initiatives to install cameras and traffic signals on roads to capture the data of the vehicle to reduce the traffic accidents and high-speed vehicles on the road. These initiatives have also contributed to the growth of road profile laser sensors market.
Furthermore, growing levels of investment for the growth of the improved infrastructure along with increasing preferences towards the smooth rides, increasing growth of the construction industry overall the globe, growing need to collect statistical information to determine the coefficients of friction are some of the major factors which are likely to accelerate the growth of the road profile laser sensors market in the forecast period of 2022-2029.
Opportunities
- Growing adoption of advanced technology
The significant growth of road profile laser sensors is due to mounting automotive industry and increasing government regulations in several countries for adopting advanced safety standards in vehicles to easily determine the roughness of the roads and decrease accidents. For instance, it has been witnessed that the governments in some countries are installing road profile laser sensors to determine macro-texture (MPD) and International Roughness Index (IRI) in compliance with international standards.
Moreover, introducing new products in the market has led to preserving existing technologies, increasing government efforts to develop the automotive sector and rising foreign direct investment (FDI) . These are some major factors that have helped boost the demand for road profile laser sensors which will also create several opportunities for the growth of the road profile laser sensors market during the forecast period.
Restraints/ Challenges
- High cost associated with road profile laser sensors
High cost associated with the installment of road profile laser sensors along with increasing cost of research and development activities are acting as restraints for road profile laser sensors market in the above mentioned forecasted period.
Lack of proper measuring tools and certain estimates regarding the road profile are acting as market restraints for the demand of road profile laser sensors and might hinder the growth of the global road profile laser sensors market during the forecast period of 2022-2029.
This road profile laser sensors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the road profile laser sensors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Road Profile Laser Sensors Market
The COVID-19 negatively impacted the road profile laser sensors market due to the stringent rules for social distancing and lockdowns imposed by government in several nations. The partial shutdown of the business, uncertainty in economic growth and low consumer confidence have mainly impacted the road profile laser sensors-based technology demand. The decrease in the demand of automotive, and disruption in supply chain has hindered the growth of the road profile laser sensors market during this pandemic and delayed logistics activities. However, the road profile laser sensors market is projected to recover its pace during the post-pandemic scenario.
Recent Development
- In July 2021, Luminar Technologies Inc, a manufactureing company of lidar sensors for self-driving cars, announced to acquire a small chipmaker, a major component of its sensors. Moreover, Luminar, based in Palo Alto, California, recently declared it has accepted an offer from OptoGration Inc, and expects the deal to close by the end of this quarter.
Global Road Profile Laser Sensors Market Scope
The road profile laser sensors market is segmented on the basis of measurement range and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Measurement Range
- Less Than 200 mm
- 200–600 mm
- More Than 600 mm
Application
- Longitudinal Profile
- Transverse Profile
- Side Projections
- Macro Texture
- Others
Road Profile Laser Sensors Market Regional Analysis/Insights
The road profile laser sensors market is analysed and market size insights and trends are provided by country, measurement range and application as referenced above.
The countries covered in the road profile laser sensors market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the road profile laser sensors market in terms of revenue growth and market share. This is due to the growing potential damage due to driver error and increasing sensor application in this region's automotive sector.
Asia-Pacific is projected to be the fastest developing region during the forecast period of 2022-2029 due to growing demand for compact and mid-sized vehicles with safety features.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Road Profile Laser Sensors Market Share Analysis
The road profile laser sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to road profile laser sensors market.
Some of the major players operating in the road profile laser sensors market are:
- LMI TECHNOLOGIES INC, (U.S.)
- Schmitt Industries Inc, (U.S.)
- Data Collection Ltd (India)
- STEMMER IMAGING AG (Germany)
- Ophir Optronics Solutions Ltd (Israel)
- LIMAB (Sweden)
- PAVEMETRICS (Canada)
- ViaTech AS (U.S.)
- Micro-Epsilon (Germany)
- Laserline GmbH (Germany)
- RIFTEK LLC (Europe)
- Aeroel S.r.l. (Italy)
- IADIY Technology (U.S.)
- LASE Industrial Laser Technology GmbH (Germany)
- Egismos Corp. (Canada)
- Amphenol Advanced Sensors (U.S.)
- PaveTesting Ltd (U.K.)
- FARO (U.S.)
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