Gmi Research's blog : Safety Light Curtain Market size, share, Analysis 2029

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Safety Light Curtain Market was valued to be USD 980 million in 2021 and is projected to touch USD 1,493 million in 2029, growing at a CAGR of 5.4% during the forecast period from 2022-2029

The factors driving the growth of Safety Light Curtain Market includes strict workplace safety regulations imposed by Governments, increasing application of safety light curtain in end-use industries such as automotive, healthcare and semiconductor & electronics, growing demand for processed food and beverages and rise in the number of smart factories around the world. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT) and Robotics in the Automotive industry, increasing number of industrial accidents and rapid urbanization, are some of the additional factors supplementing the Safety Light Curtain Market size. In addition, the increasing investments by leading players on research and development, rise in the launch of innovative products, strategic partnerships between major companies and growing population growth rates, are further contributing towards the market growth.

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However, growth of the Safety Light Curtain Market is hindered due to insufficient knowledge about the benefits of safety light curtains amongst Small and Medium Enterprises.

The major players operating in the market are Schneider Electric SE, Datalogic S.p.A., Pepperl+Fuchs, Keyence Corporation, Omron Corporation, Rockwell Automation, Inc., Wenglor sensoric GmbH, Banner Engineering Corp., KG, Sick AG, Panasonic Corporation, Leuze Electronic, Pilz GmbH & Co. KG and Smartscan, among others.

Based on Application, the Robotics segment is predicted to grow at a significant CAGR during the forecast period

Increasing application of robots in the manufacturing sector and technological advancements in robots, are propelling segment’s growth. 

Based on Industry, the Healthcare segment is projected to grow at a robust CAGR over the forecast period

Increasing use of safety light curtain solutions in the healthcare industry to protect workers near moving machinery, is pushing growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period

As per the Safety Light Curtain Market Report, rise in the construction of smart factories, growing demand for processed food and beverages, rapid industrialization, rising per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region. 

Key Developments

  • In Jun 2019, Omron Corporation introduced its new F3SG-SR/PG Series portfolio of 164 safety light curtains.
  • In Aug 2018, Rockwell Automation introduced Allen-Bradley GuardShield 450L safety light curtain system to isolate robotic work cells from the rest of the plant with transceiver technology. The incorporation of laser alignment system (ILAS) in this product has minimized the installation time and provides flexibility, cost-effectiveness, and improved productivity through innovative transceiver technology.

Market Segmentation

Segmentation by Safety Level Type        

  • Type 2
  • Type 4

Segmentation by Detection Type            

  • Fingers Detection
  • Hand Detection
  • Full Body Detection

Segmentation by Component   

  • Light Emitting Diodes (LEDs)
  • Photoelectric Cells
  • Control Units
  • Display Units
  • Others

Segmentation by Resolution    

  • 9mm–24mm
  • 25–90mm
  • More Than 90mm

Segmentation by Application    

  • Packaging
  • Material Handling
  • Robotics
  • Assembly
  • Others

Segmentation by Industry         

  • Automotive
  • Semiconductor & Electronics
  • Food & Beverages
  • Healthcare
  • Others

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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On: 2022-12-09 08:40:08.376 http://jobhop.co.uk/blog/17049/safety-light-curtain-market-size-share-analysis-2029