Global Safety Sensors and Switches Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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Global Safety Sensors and Switches Market: Overview
“The global Safety Sensors and Switches Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Safety sensors are used for presence detection, commonly used in machine guarding applications in order to detect presence of any object or person. The safety switches are safety devices – monitors movable safety guards such as doors, covers, shafts and others.
Safety sensors and switches are important across various industries to safeguard employees and workers in Human Machine Interface. The safety sensor includes various components such as infrared sensors, fiber optic sensors, proximity sensors, vision sensors, magnetic sensors, and ultrasonic sensors.
Global Safety Sensors and Switches Market: Dynamics
Increasing awareness and need for protecting workers and production unit from any accident, as per the national as well as international standards is a key factor expected to drive growth of the global market over the forecast period.
In addition, rising demand of safety sensors, products, and switches across various industries such as automotive, aerospace, mining, oil & gas, pharmaceutical, food & beverage, semiconductors, etc., is expected to further fuel growth of the global market over the forecast period.
Moreover, rapidly growing technological advancements and increasing demand of manufacturing plants that needs heavy machineries are some other factors boost growth of the target market over the forecast period. forces for the growth of global safety sensors and switches market.
Furthermore, rising demand from safety sensors from automotive sector, owing to increasing stringent emission control norms, rising demand for vehicle safety, and fuel efficiency standards are some other factors expected to propel growth of the global market over the forecast period.
Additionally, implementation of smart sensors and switches across the globe, and increasing consumer preference towards vehicles with advanced safety and comfort features across automotive industry. Which in turn is expected to support growth of the global market over the forecast period.
However, stringent regulations implemented as per standards of national and international security. Different regions have different regulatory bodies, have separate set of policies and machine safety requirements such as in North America, some regulatory bodies dealing with machine safety are Underwriters Laboratories Inc. (UL), Canadian Standards Association (CSA), and American National Standards Institute (ANSI), Europe has machinery directives, etc. This factor is expected to restrain growth of the global market over the forecast period.
Ongoing trend observed in the target market is increasing consumer preference towards vehicles with advanced safety standards across various countries, this trend is expected to support growth of the global market over the forecast period.
Technological advancements such as implementation of smart sensors and switches along with additional safety standards and innovative product launches are expected to create potential revenue opportunities in the global market over the forecast period.
Global Safety Sensors and Switches Market: Segment Analysis
Among the application segments, the safety laser scanners segment is expected to register significant growth in terms of revenue over the forecast period.
Global Safety Sensors and Switches Market: Regional Analysis
The market in Asia Pacific is expected to register significant growth in terms of revenue over the forecast period, owing to increasing demand for safety sensors and switches from various industries such as automotive, food & beverages, pharmaceutical, etc., and increasing disposable income across various countries in such as China & India.
The markets in North America and Europe are expected to register moderate growth in the global market over the forecast period, owing to existence of safety sensors suppliers and various end use industries across various countries in these regions.
Global Safety Sensors and Switches Market Segmentation:
Segmentation by type:
- Opto-Electronic/ Photo Electric Devices
- Presence Detection Sensors
- Safety Switches
- Safety Command Devices
Segmentation by application:
- Safety Laser Scanners
- Safety Mats
- Safety Edges
- Safety Light Curtains
- Anti-collision Sensors
- Others (material handling, conveyor systems, transport systems, assembling, packaging, automated guarded vehicles)
Segmentation by end-use industry:
- Oil & gas
- Food & beverage
- Others (aerospace, paper & pulp, hospital, Nuclear, waste management, material handling)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- ABB Ltd.
- Baumer Ltd.
- IDEC Corporation
- ifm efector, Inc.
- KA Schmersal Holding GmbH & Co. KG
- Omron Corp.
- Pinnacle Systems Inc.
- Panasonic Electric Works, Europe AG
- Pearse-Bertram, LLC
- Pepperl+Fuchs GmbH
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