Safety Light Curtain Market worth $1.4 billion by 2027 - Exclusive Report by MarketsandMarkets™
CHICAGO, July 27, 2022 /PRNewswire/ -- Safety Light Curtain Market is expected to grow from USD 1.1 billion in 2022 to USD 1.4 billion by 2027; it is expected to grow at a CAGR of 5.8% from 2022 to 2027, according to a new report by MarketsandMarkets™. Rise of digital platforms in manufacturing industries is the major driver for the safety light curtain market. Moreover, increased used of robots in packaging industry, and stringent workplace safety regulations further plays a key role in driving the growth of the safety light curtain market.
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Type 4 segment to hold the larger size of safety light curtain market during the forecast period.
The type 4 segment is expected to account for the larger size of the safety light curtain market throughout the forecast period. Type 4 safety light curtains are based on redundant automatic cross-checking architecture, which allows immediate failure detection with low response time. The control unit in a type 4 safety light curtain is more technologically advanced than that in a type 2 safety light curtain. Further, the increasing incidence of accidents in industries and mandatory government regulations and compliance requirements with safety standards are boosting the adoption of safety light curtains.
Control unit segment expected to grow at fastest CAGR during the forecast period.
The safety light curtain market for control unit segment is expected to grow at fastest CAGR during the forecast period. The major reason for the fastest of control unit is the fact that ensures better operating connectivity with other safety devices. Control Unit is the electronic circuit programmed with programmable logic controllers (PLCs) and other components to determine the sequence and modulation of LEDs and match them with those of the photoelectric cells. It also detect any deviation caused in the system if any object enters the curtain of light beams; a control unit is responsible for periodically detecting internal faults in the circuitry. If the control unit detects an internal fault in any component of a safety light curtain, such as LEDs or photoelectric cells, the safety light curtain goes into lockdown.
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Asia Pacific is expected to dominate the safety light curtain market during the forecast period.
The Asia Pacific region is expected to dominate the safety light curtain market throughout the forecast period. It is further expected to grow at the highest CAGR during 2022 to 2027. Asia Pacific has been a major contributor to the growth of the overall safety light curtain market as this region is emerging as an important hub for automotive manufacturing. Automotive is one of the prominent industries in Asia Pacific, owing to the presence of global automotive giants and the increasing demand for automobiles by an ever-growing population with high disposable income in this region. In the automotive industry, manufacturing processes are usually automated, which involves the use of robotics and other automation equipment. The safety of workers and equipment is a prime factor for these manufacturing companies. These factors are driving the growth of the safety light curtain market in this region.
Key players in the safety light curtain market are OMRON (Japan), KEYENCE (Japan), SICK (Germany), Rockwell Automation (US), Pepperl+Funch (Germany), Panasonic (Japan), Schneider Electric (France), Datalogic (Italy), Banner Engineering (US), Balluff (Switzerland), Smartscan (UK), Leuze Electronic (Germany), ABB (Switzerland), EUCHNER (Germany), IDEC (Japan), Pilz (Germany), ifm electronic (Germany), Wenglor Sensoric (Germany), Schmersal (Germany), Rockford Systems (US), Contrinex (Switzerland), Orbital Systems (India), Pinnacle Systems (US), HTM Sensors (US), and ISB (Canada).
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