According to the latest report by IMARC Group, titled “Safety Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global safety sensors market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Safety Sensors Market Overview:
The global safety sensors market size reached a value of US$ 1.63 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.5 Billion by 2027 exhibiting a CAGR of 7.10% during 2022-2027.
Safety sensors refer to monitoring devices integrated into machines and other industrial equipment to prevent accidents. They can be categorized into accelerometers, biosensors, image sensors, motion detectors, etc. Safety sensors rely on the wavelength of light, photodiode principle, and changes in electromagnetic signals. They are cost-effective and dependable solutions for safeguarding industrial appliances and preventing personal injuries. The safety sensors aid in improving the performance of a machine, examining remote and hazardous areas, and reducing wear and tear. Consequently, they find extensive applications across numerous sectors, including pharmaceutical, food and beverage (F&B), automotive, oil and gas mining, etc.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Safety Sensors Market Trends and Drivers:
The expanding awareness towards worker safety in the manufacturing industry and the rising need to protect high-cost equipment are among the key factors driving the safety sensors market.
Besides this, the inflating utilization of advanced sensor systems with Radio Frequency Identification (RFID) and diagnostic Light-Emitting Diodes (LEDs) for accurately identifying errors in the machinery is further stimulating the market growth across the globe. In line with this, the integration of mechanical systems with automated sensor processes to ensure effortless monitoring, waste reduction, and increased speed of production is acting as another significant growth-inducing factor.
Moreover, the escalating production of autonomous vehicles for a safer driving experience and the elevating focus among the leading market players towards new product launches are expected to bolster the safety sensors market in the coming years.
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Global Safety Sensors Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ABB Ltd, Autonics Corporation
- Balluff GmbH
- Banner Engineering Corporation
- Contrinex AG
- Keyence Corporation
- Leuze electronic GmbH + Co. KG
- Omron Corporation
- Panasonic Corporation
- Pilz GmbH & Co. KG
- Rockwell Automation Inc.
- Schneider Electric SE.
The report has segmented the market on the basis of region, type, sensor type and end user.
Breakup by Type:
- Safety Light Curtain
- Safety Laser Scanner
- Safety Mat
- Safety Edge
Breakup by Sensor Type:
- Image Sensors
- Motion Detectors
Market Breakup by End User:
- Food and Beverage
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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