The Worldwide Safety Light Curtain Industry is Expected to Reach $1.4 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Nov 11, 2022--

The "Global Safety Light Curtain Market by Safety Level Type (Type 2, Type 4), Component (LEDs, Photoelectric Cells, Control Units, Display Units), Resolution (9-24mm, 25-90mm, More Than 90mm), Application, Industry, and Geography - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global safety light curtain market is expected to grow from USD 1.03 billion in 2022 to USD 1.44 billion by 2027, at a CAGR of 5.8% during the forecast period.

Asia-Pacific to dominate the safety light curtain market for automotive industry from 2022 to 2027

Asia-Pacific is expected to dominate the safety light curtain market for the automotive industry during the forecast period. It is expected to grow at the highest CAGR from 2022 to 2027. The automotive industry plays a major role in the growth of developing economies such as India, China, and Brazil.

According to the Organization Internationale des Constructeurs d'Automobiles (OICA), the automotive market registered a growth of ~6% in Asia-Pacific (in terms of sales of new vehicles). Further, according to OICA, from 2020 to 2021, the increase in registration or sales of new vehicles (of all types) in India was ~4% year-on-year and reached 26.3 million vehicle units. These numbers indicate that the automotive industry in India is on the rise, supporting the growth of the safety light curtain market for the automotive industry in the country.

Robotics segment is expected to dominate the safety light curtain market throughout the forecast period

The robotics application is expected to account for the largest size of the safety light curtain market throughout the forecast period. The safety light curtains with resolution ranging from 25mm to 90mm include hand and arm detection are generally deployed in robotics application; this specification is available for both type 2 and 4 safety light curtains.

Besides, the stringent safety regulations associated with robot deployment at workplaces are fueling the demand for safety light curtains. The increasing deployment of robots in various industries, such as automotive, semiconductor & electronics, and food & beverage, is propelling the segment's growth.

Safety light curtain market in Asia-Pacific region to register highest CAGR between 2022 and 2027

The safety light curtain market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Further, Asia-Pacific is also expected to account for the largest share of safety light curtain market throughout the forecast period. Asia-Pacific accounted for ~40% of the safety light curtain market in 2021.

The region is a major provider as well user of safety light curtain technology and is expected to provide ample growth opportunities for the safety light curtain providers in the market. Asia-Pacific has been a major contributor to the growth of the overall safety light curtain market as the region is emerging as an important hub for automobile manufacturing. In addition, the presence of major safety light curtain OEMs in the region such as OMRON (Japan), KEYENCE (Japan), and IDEC (Japan) further boosts the adoption of safety light curtains in Asia-Pacific.

Market Dynamics

Drivers

• Rise of Digital Platforms in Manufacturing
• Increased Use of Robotics in Packaging Industry
• Stringent Workplace Safety Regulations

Restraints

• Inability of Safety Light Curtains to Protect from Secondary Hazards
• Need for Regular Maintenance

Opportunities

• Advent of Safety Light Curtains with Digital Indicators
• Industrial Growth in Emerging Economies of Asia-Pacific and Other Parts of World

Challenges

• Limited Awareness Regarding Benefits of Safety Light Curtains Among SMEs
• Shortage of Certified Safety Professionals

Companies Mentioned

• ABB
• Balluff
• Banner Engineering
• Contrinex
• Datalogic
• Euchner
• HTM Sensors
• IDEC
• IFM Electronic
• Keyence
• Leuze Electronic
• Omron
• Orbital Systems
• Panasonic
• Pepperl+Fuchs
• Pinnacle Systems
• Pliz
• Reer
• Rockford Systems
• Rockwell Automation
• Schmersal
• Schneider Electric
• Sick
• Smartscan
• Wenglor Sensoric

For more information about this report visit https://www.researchandmarkets.com/r/u21ryb

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INDUSTRY KEYWORD: OTHER MANUFACTURING MANUFACTURING

SOURCE: Research and Markets

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