The research study conducted by Report Ocean on the “ Safety Light Curtain Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Safety Light Curtain Market is valued at approximately USD $$billion in 2022 and is anticipated to grow with a growth rate of more than 5% over the forecast period 2023-2030. A safety light curtain, also known as a light guard or light barrier, is an optoelectronic device used for safeguarding personnel and preventing access to hazardous areas in industrial environments. It consists of a sender unit and a receiver unit, which are typically mounted on opposite sides of the area to be safeguarded. The Safety Light Curtain market is expanding because of factors such as growing demand for industrial automation as well as strict government regulations and safety standards.
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Additionally, the main driver of this market’s growth is the rapid expansion of e-commerce in emerging economies as well as the increased use of automation in facilities to do repetitive operations. This allows for better resource allocation, which improves the quality of manufactured goods. According to the India Brand Equity Foundation, in 2022, the Indian e-commerce market was valued at USD 74.8 38.5 billion in 2017 and is anticipated to reach USD 200 billion and USD 350 billion by 2024 and 2030, respectively. Also, according to International Trade Administration, consumer eCommerce makes up 30% of the UK’s overall retail sector (up from 20% in 2020), with an annual ecommerce revenue of more than USD120 billion. In 2021, 82% of people in the UK made at least one online purchase. The development of new technologies such as safety light curtains with higher resolution and faster response times as well as rising awareness about workplace safety has fueled the market growth. However, the high cost of installation of Safety Light Curtain stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Safety Light Curtain Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 with the largest market share. Due to the region’s prominence as a manufacturing hub, major automakers, and suppliers are heavily investing in the region’s smart factory market, including Tata Motors in India and Hyundai Motors in South Korea. These companies include Volkswagen of Germany, Toyota of Japan, Renault-Nissan of the Netherlands, and Daimler of Germany. Most major businesses across a variety of industries have relocated their manufacturing facilities to Asia Pacific as a result of the region’s low operating expenses. The key factor that is anticipated to fuel the safety light curtain market’s expansion in the Asia Pacific region is the rising number of automation initiatives in the process and discrete sectors. Asia Pacific is also expected to grow significantly during the forecast period. The factors such as increasing demand for safety light curtain devices are the rising mortality rate caused due to workplace hazards and the development of Industry 4.0 as a result of technological advancements are fostering the market growth during the estimated period.
Major market players included in this report are:
Omron Industrial Automation
Keyence Corporation
Sick Inc.
Rockwell Automation
Pepperl+Funch Factory Automation Pvt. Ltd
Panasonic Corporation
Schneider Electric SE
Datalogic SpA
Banner Engineering Corporation
Balluff, Inc.
Recent Developments in the Market:
In May 2022, Leuze Electronic (Germany) launched the new ELC 100 safety light curtains, which offer optoelectronic safety technology for a low-cost machine design with the newest technology. The ELC 100 safety light curtains are suitable for applications with operating ranges up to six meters and enable for guarding with close safety distances. The tools’ ease of installation and integration makes machine designs more accessible. Modern Leuze safety technology is now available to manufacturers and users of equipment and systems for the cost-effective contactless protection of operational points.
In February 2022, New 7- and 8-foot IP65-rated light curtains are added to the EZ-Screen LS-S line by Banner Engineering (US). With a detection range of 10 metres, it is ideal for covering large areas in material handling, packing, and manufacturing applications. Additionally, it has dual-scan technology to shield the sensor from strobe lights, ambient light, radio frequency interference (RFI), welding flashes, and electromagnetic interference (EMI).
In March 2021, Datalogic purchased M D Micro Detectors (MD) with the goal of becoming the biggest industrial automation hub in Italy. Datalogic further wants to enhance its market share by utilising synergies between numerous products of both companies, such as sensors, safety goods, and VISION systems.
Global Safety Light Curtain Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Safety Level, Component, Application, End User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Safety Level Type:
Type 2
Type 4
By Component:
Photoelectric Cells
Light Emitted Diodes (LEDs)
Control Units
Display Units
Others
By Application:
Packaging
Material Handling
Robotics
Assembly
Others
By End User:
Food and Beverages
Automotive
Semiconductor and Electronics
Aerospace and Defense
Healthcare
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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