Market Analysis
The global safety light curtains market will touch USD 2.643 billion at a 6.50% CAGR by 2032, as per the latest Market Research Future report.
Key Players
Eminent market players profiled in the safety light curtains market report include
· OMRON Corporation
· Panasonic Electric Works
· Banner Engineering
· Carlo Gavazzi Holding
· Datalogic
· K.A. Schmersal Holding
· Leuze electronic
· Pinnacle Systems
· Rockwell Automation
· Keyence
· Sick
· Pepperl+Fuchs
· ReeR
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Drivers
Increase in Industrial Automation to Boost Market Growth
The increase in industrial automation which also includes the use of automated machinery and robotics has increased the need for safety solutions significantly like the safety light curtains thus boosting market growth. Such curtains offer a non-intrusive means to safeguard hazardous areas, thus preventing accidents & complying with the safety regulations.
Opportunities
Fusion of Cutting-Edge Technologies to offer Robust Opportunities
The ongoing industry trend of the fusion of cutting-edge technologies will offer lucrative opportunities for the safety light curtains market in the forecast period. Technologies such as automated learning, IoT, and AI into the safety light curtains for enhancing their productivity and operation. Such developments help in facilitating instant surveillance & identification of the potential safety risks. It enables laborers to respond when needed promptly.
Restraints and Challenges
High Cost to act as Market Restraint
The high cost related to installation & maintenance as well as lack of awareness regarding the safety light curtains’ benefits may act as market restraints over the forecast period.
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Market Segmentation
The safety light curtains market is bifurcated based on end users, component, and resolution.
By resolution, 25-90mm will lead the market over the forecast period.
By component, control units will domineer the market over the forecast period.
By end users, healthcare will spearhead the market over the forecast period.
COVID-19 Analysis
The COVID-19 epidemic has impacted most of the manufacturing sector owing to lockdown of almost every facility the world over. The Asian countries were strict about the temporary shutting down of their borders that impacted market growth. As a result, the prices of safety light curtains went up.
Regional Analysis
North America to Head Safety Light Curtains Market
North America will head the safety light curtains market over the forecast period for the stringent focus on employee safety across various industries. As this region is a hub to developed, high income nations such as the US and Canada, every industrial manufacturing is automated highly and has minimal interaction with humans. Besides, in response to the increase in accidents which took place at the early phases of industrial automation, the governmental regulatory organizations like OSHA and CCOHS have implemented various safety and health laws.
Europe to Have Admirable Growth in Safety Light Curtains Market
Europe will have admirable growth in the market over the forecast period for the increasing usage of safety light curtains in different industry sectors like food and beverage, healthcare, automotive, semiconductor and electronics, and others. Germany grabbed the utmost market share followed by the UK.
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