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Safety Light Curtains Global Market is Projected to Reach $1.5 Billion by 2030: Sustained Emphasis on Industrial Automation Augurs Well for Long-Term Growth

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Global Market for Safety Light Curtains

Global Market for Safety Light Curtains
Global Market for Safety Light Curtains

Dublin, April 28, 2023 (GLOBE NEWSWIRE) -- The "Safety Light Curtains: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Safety Light Curtains estimated at US$1 Billion in the year 2022, is projected to reach a revised size of US$1.5 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2022-2030.

Type 2, one of the segments analyzed in the report, is projected to record 4.2% CAGR and reach US$415.3 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Type 4 segment is readjusted to a revised 5.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $262.9 Million, While China is Forecast to Grow at 6.8% CAGR

The Safety Light Curtains market in the U.S. is estimated at US$262.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$225.6 Million by the year 2030 trailing a CAGR of 6.8% over the analysis period 2022 to 2030.

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Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 4.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.

Select Competitors (Total 63 Featured) -

  • Banner Engineering

  • Carlo Gavazzi Holding

  • Datalogic S.p.A.

  • K.A. Schmersal Holding

  • Keyence Corporation

  • Leuze Electronic

  • Omron Corporation

  • Panasonic Corporation

  • Pinnacle Systems

  • Pilz GmbH & Co. KG

  • Pepperl+Fuchs

  • ReeR

  • Rockwell Automation, Inc.

  • Schneider Electric

  • SICK AG

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Key Attributes:

Report Attribute

Details

No. of Pages

333

Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$1 Billion

Forecasted Market Value (USD) by 2030

$1.5 Billion

Compound Annual Growth Rate

5.2%

Regions Covered

Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Impact of COVID-19 Pandemic and Looming Global Recession

  • Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020

  • Weak Global Economic Environment & Negative Tide in GDP Forecasts Discourage the Market

  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021

  • Industrial Activity to Remain Subdued in the Immediate Term, Inducing Weakness into the Market

  • Global PMI Index Points for the Years 2018, 2019 & 2020

  • Business Confidence Index (BCI) Points for 3Q 2019, 4Q 2019, 1Q 2020, & 2Q 2020

  • An Introduction to Safety Light Curtains

  • History of Light Curtain for Safety

  • Specifications of Safety Light Curtain

  • Functions of Light Curtains

  • Type 2 & Type 4 Safety Light Curtains

  • Global Market Prospects & Outlook

  • Advanced Features of Type 4 Safety Light Curtains Boost Adoption

  • Type 2 Safety Light Curtains: Widespread Deployment in Low Risk Areas

  • Automotive Sector Emerges As the Largest End-Use Category

  • Developing Economies Poised to Drive Long-term Growth

  • Competition

  • World Brands

  • Recent Market Activity

  • Safety Light Curtains - Global Key Competitors Percentage Market Share in 2022 (E)

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • High Risk of Mortality and Injuries from Occupational Hazards Drives Importance of Safety Light Curtains

  • High Levels of Workplace Related Accidents Bring Renewed Emphasis on Safety Light Curtains: Breakdown of Annual Work Related Fatalities (In Thousands) Worldwide by Region

  • Total Cost of Workplace Injuries in the US: Breakdown of Expenditure (in %) for 2018

  • Safety Hazards Driving Adoption of Safety Light Curtains in Manufacturing Industries

  • Workplace Safety Index: Cost to Businesses (in US$ Billion) by Disabling Workplace Injuries

  • Sustained Emphasis on Industrial Automation Augurs Well for Long-Term Growth of Safety Light Curtains Market

  • COVID-19 Mandates Additional Automation Changes to Plant Floor & Factory Operations

  • Shift Towards Industry 4.0 and Industrial Automation Enhances Importance of Safety Light Curtains

  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020E

  • IoT Sensors Step In to Further Automate Industrial Environments & Augment Workplace Safety

  • Rising Use of Robots in Industrial Facilities and the Imperative Need to Ensure Safety of Work Environments Drives Market Growth

  • Global Industrial Robots Market Size (in US$ Billion) for the Years 2019, 2021, 2023 & 2025

  • Combination of Smart Safety Automation and Software for Reduced Injuries Risk for Humans on Robotic Manufacturing Floors

  • Human Robot Collaboration: Significance of Risk Assessment of Robotic Systems

  • Packaging Industry: Growing Use of Automation and Robotics Fuels Market Prospects

  • Increasing Automation in Packaging Industry to Drive Adoption of Safety Light Curtains: Global Packaging Automation Market Size (in US$ Billion) for the Years 2019, 2022 & 2025

  • Post COVID-19 Recovery in Auto Industry & Growing Use of Automated Machinery in Production Operations to Propel Market

  • World Automobile Production in Million Units: 2008-2022

  • Protection of Machinery in Healthcare, Life Science & Pharmaceutical Manufacturing Plants to Fuel Use of Safety Light Curtains

  • Global Pharmaceutical R&D Spending in US$ Billion for the Years 2019, 2021, 2023 and 2025

  • Semiconductor & Electronics: Rising Use of Automation for Production of Varied Products Necessitates Use of Safety Light Curtains

  • Growing Use of Consumer Electronics Bodes Well for the Market: Number of Consumer Electronic Users (in Million) for the Years 2019, 2021, 2023, 2025 & 2027

  • Smartphone Penetration Rate as Share of Total Population: 2016-2020

  • Advancements in Safety Light Curtains to Boost Market Prospects

  • Novel Safety Light Curtains for End-of-Line Packaging Plants and Tire & Auto Parts Manufacturing Plants

  • openSAFETY Protocol of EPSG for Intelligent Light Curtains

  • Market to Benefit from Implementation of Safety Regulations for Industrial Operations

  • Challenges Facing Safety Light Curtains Market

  • Common Issues with Safety Light Curtains

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/2pt3yf

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