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

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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
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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
20182023. 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"
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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.marketsan
dmarkets.com/pdfdownloadNew.asp?id151486495 Smal
l 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.
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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
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mpleNew.asp?id151486495 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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