Safety Light Curtains Industry Growth, Global Foresight, Key Growth...

Safety Light Curtains Industry Growth, Global Foresight, Key Growth Drivers, Challenges, Demand and Upcoming Trends

Δημοσιευμένα 2022-11-21 08:44:03

According to Market Research Future (MRFR), the global safety light curtains market is projected to reach approximately USD 1190 million at a 5% CAGR from 2017 to 2023 (forecast period). The study discusses and explores the impact of the COVID-19 outbreak on the global safety light curtains industry, including potential opportunities and challenges, strengths, and risks.

Safety Light Curtains are optoelectronic devices mounted in the factory to ensure workers' safety in the area during the running time of machinery. Safety light curtains are primarily used as a replacement for mechanical barriers and other traditional types of machine guarding. Due to this unique feature, safety light curtains reduce the need for guards or any manual intervention and barriers, which, in turn, reduce the labor costs of the industry. Safety light curtains also improve the machine's durability as they serve as a protecting agent, which in turn improves the efficiency and operability of the machine. In addition, ANSI B11.19, IEC 61496-1/-2, ISO 138555 are some of the international standards implemented for manufacturing light curtains.

The light curtains are preset to a limited resolution that emits a thin outline of beams to detect a hand or even a finger that enables the safety system to respond immediately when the sensor is tripped. In addition, safety light curtains are reliable and cost-effective solutions to protect against dangerous points of operation. The safety light curtain works in such a way that the sender unit radiates pulses of infrared light beams to the receiver unit. The light curtain then defines a series of interruptions to one or more light beams bounded to the area of the sensor. This makes the safety light curtains most appropriate for point of operation protection.

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Key Players

Some of the key participants of the safety light curtains market include OMRON Corporation (Japan), Carlo Gavazzi Holding (Switzerland), Panasonic Electric Works (Japan), Banner Engineering (U.S.), Datalogic (Italy), K.A. Schmersal Holding (Germany), Rockwell Automation (U.S.), Leuze electronic (Germany), Pinnacle Systems (U.S.), Keyence (Japan), Sick (Germany), Pepperl+Fuchs (Germany) and ReeR (Italy).

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Market Segmentation

The global safety light curtains market has been differentiated by components, resolution, safety level, and end-users.

By component, the global safety light curtains market has been segmented into light emitting diodes, photoelectric cells, control units, displays, and enclosures.

By resolution, the global safety light curtains market has been segmented into 9-24 mm, 25-90mm, and more than 90 mm.

By safety level type, the global safety light curtains market has been categorized as type 2 and type 4.

On the basis of end-users, the global safety light curtains market has been categorized as automotive, food & beverages, semiconductors & electronics, healthcare, and others.

Market Dynamics

The key drivers of the market for safety light curtains include a surge in a number of industrial accidents, the advent of industrial revolution 4.0, and an increase in demand for safety light curtains in the food and beverage sector. Constant repair and maintenance services, on the other hand, are expected to be a restraining factor for the development of the market over the forecast period.

Regional Analysis

Geographically, the global safety light curtains market has been segmented into four different regions: North America, Asia Pacific, Europe, and the Rest of the World.

The Asia Pacific is expected to have a significant rise in the market for safety light curtains. Countries such as India, Japan, China, and South Korea are leading the market. The development is due to the rapidly rising manufacturing sector especially, the semiconductor & the electronics industry. Moreover, China, known as a manufacturing hub for many industrial sectors, is expected to be a dominant country in the Asia Pacific region. North America is also projected to have strong demand growth over the forecast period. The development of the market is due to the increasingly growing industrial automation.

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1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.1.5 Bargaining Power Of Suppliers

4.2 Value Chain/Supply Chain Of Global Safety Light Curtains Market