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Safety Sensors and Switches Market - Forecast (2020 - 2025)

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    Report

  • 107 Pages
  • March 2020
  • Region: Global
  • IndustryARC
  • ID: 3063570
The Global Safety sensors and switches market recorded an annual revenue of approximately $3 billion in 2017 and is estimated to grow at a CAGR of 3.1% during the forecast period 2018-2023. During the same forecast period the volume unit shipments of the products are 104.2 million units in 2017 and are expected to grow at a competitive CAGR of 5.4% during the forecast period. The anti-collision sensors have dominated the market by recording annual revenue of $5.72 billion in 2017 and is estimated a rapid growth at a CAGR of 10.20% throughout the forecast period. Automotive industry segment held the major share in the global safety sensors market by recording annual revenue of $501.9 million in 2017 and is estimated to grow at a CAGR of 3.80% till 2023. Germany held major share in Europe Safety sensors and switches market with annual revenue of $746.4 million in 2017 and is expected to grow at a CAGR of 1.70% during the forecast period.

What are Safety Sensors and Switches?

The safety sensors are presence detection equipment most commonly used in machine guarding applications to detect the presence of any object or person. The safety switches are safety devices which monitor movable safety guards such as doors, covers, shafts and so on. Safety sensors and switches play a crucial role to ensure safety of employees and workers in Human Machine Interface. These products act as a bridge between human and machine interaction to avoid work hazards. The safety sensors encompass wide range of components such as infrared sensors, fiber optic sensors, proximity sensors, vision sensors, magnetic sensors and ultrasonic sensors.

What are the major applications for Safety Sensors and Switches?

The wide range of applications for safety sensors and switches include safety laser scanners, safety mats, safety edges, safety light curtains, anti-collision sensors, material handling, conveyor systems, transport systems, assembling, packaging, automated guarded vehicles and more. These sensors have wide range of end user applications such as, aerospace, automotive, pharmaceutical, paper and pulp, mining, semiconductor, food and beverages, hospitals and so on.

Market Research and Market Trends of Safety Sensors and Switches

The safety sensors are used in blind spot monitoring technology which is used in car safety assistance. The technology offers the most accurate and least distracting safety assistance by using safety sensors in the rear quarter of the vehicles. The driver is cautioned of any incoming vehicles in the blind spot, by activation of a flash light in the side mirrors. Generally, the blind spot detection is activated once the turn signal is put on, but the latest cars have it activated at all times for superior safety.

The Mine Safety Appliances Company has been in the top of the game in the chemical industry for most of the fixed gas detection systems, which have been constructed with discrete infrared safety sensors. The company recently introduced a dual sensor transmitter design for fixed gas detectors called Ultima X5000 Gas Monitor. This safety sensor can detect two different gases due to its dual sensor design, by increasing its capabilities by 50% efficiency than the previous model. These types of safety infrared sensors will have a great scope in the chemical industry and enhance the market growth.

Who are the Major Players in Safety Sensors and Switches?

The companies referred to in the market research report includes Pinnacle Systems Inc., Rockwell Automation, Banner Engineering Corporation, IDEC Corporation, Baumer Group Ltd., Hans Turck GmbH & Co. KG and more than 25 companies.

What is our report scope?

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

Key Takeaways from this Report


  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
  • Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
  • Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
  • Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
  • Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Table of Contents

1. Safety Sensors and Switches Market Overview2. Executive Summary
3. Safety Sensors and Switches Market Landscape
3.1. Market Share Analysis
3.2. Comparative Analysis
3.2.1. Product Benchmarking
3.2.2. End user profiling
3.2.3. Patent Analysis
3.2.4. Top 5 Financials Analysis
4. Safety Sensors and Switches Market – Market Forces
4.1. Market Drivers
4.2. Market Constraints
4.3. Market Challenges
4.4. Attractiveness of the Industry
4.4.1. Power of Suppliers
4.4.2. Power of Customers
4.4.3. Threat of New entrants
4.4.4. Threat of Substitution
4.4.5. Degree of Competition
5. Safety Sensors and Switches Market – Strategic Analysis
5.1. Value Chain Analysis
5.2. Pricing Analysis
5.3. Opportunities Analysis
5.4. Product/Market Life Cycle Analysis
5.5. Suppliers and Distributors
6. Global Safety Sensors & Switches Market - By Type
6.1. For Manufacturing & Processing Industries
6.1.1. Opto-Electronic/ Photo Electric Devices
6.1.1.1. Safety through Beam Sensors
6.1.1.2. Fiber-Optic Sensors
6.1.1.3. Infrared (IR) Light
6.1.1.4. Visible/LED Light
6.1.1.5. Safety Light Grids
6.1.1.5.1. With Internal Control Unit
6.1.1.5.2. Without Control Unit
6.1.1.6. Safety Light Curtains
6.1.2. Presence Detection Sensors
6.1.2.1. Laser Scanner
6.1.2.2. Safety Edges
6.1.2.3. Safety Mats
6.1.3. Safety Switches
6.1.3.1. Electro-Mechanical Safety Switches/ Safety Door Switches
6.1.3.1.1. Safety Hinge Switches
6.1.3.1.2. Safety Limit Switches
6.1.3.1.3. Safety Locking Devices
6.1.3.1.4. Safety Position Switches
6.1.3.1.5. Safety Switches with Separate Actuator
6.1.3.2. Non-Contact Safety Switches
6.1.3.2.1. Inductive Safety Switches
6.1.3.2.2. Magnetic Safety Switches
6.1.3.2.3. Transponder Safety Switches
6.1.4. Safety Command Devices
6.1.4.1. Emergency Stop Pushbuttons
6.1.4.2. Enabling Switches
6.1.4.3. Rope Pull Switches
6.2. For Automobiles
6.2.1. Collision Avoidance
6.2.1.1. Laser
6.2.1.2. Radar
6.2.2. Obstacle Avoidance
6.2.2.1. Proximity Sensors
6.2.2.2. Ultrasonic Sensors
6.2.3. Lighting & Wiper Control
6.2.3.1. Light Emitting Diodes (LEDs)
6.2.3.2. Infrared based Light Sensors
7. Global Safety Sensors & Switches Market - By Components
7.1. Cable Connection
7.2. Connectors
7.3. Emitting Unit
7.4. Receiving Unit
7.5. Muting Sensors
7.6. Optical Face (Lens)
7.7. Safety Controllers
7.8. Safety Relays
7.9. Switches
8. Global Safety Sensors and Switches Market- By applications
8.1. Material Handling and Safety
8.2. Packaging
8.3. Automated guarded vehicles
8.4. Robot cells
8.5. Assembling
8.6. Machine tools
8.7. Transport systems
8.8. Conveyor systems
9. Global Safety Sensors and Switches Market - By End - User Industries
9.1. Aircraft & Aerospace
9.2. Automobile
9.3. Chemical
9.4. Food & Beverage
9.5. Machine & Tools
9.6. Material Handling
9.7. Mining
9.8. Nuclear
9.9. Oil & Gas
9.10. Pulp & Paper
9.11. Packaging
9.12. Pharmaceuticals
9.13. Semiconductors
9.14. Waste Management
10. Global Safety Sensors and Switches Market – By Geography
10.1. North America
10.1.1. U.S.
10.1.2. Canada
10.1.3. Mexico
10.2. South America
10.2.1. Brazil
10.2.2. Venezuela
10.2.3. Argentina
10.2.4. Ecuador
10.2.5. Peru
10.2.6. Colombia
10.2.7. Costa Rica
10.3. Europe
10.3.1. U.K
10.3.2. Germany
10.3.3. Italy
10.3.4. France
10.3.5. Netherlands
10.3.6. Belgium
10.3.7. Spain
10.3.8. Denmark
10.4. APAC
10.4.1. China
10.4.2. Australia
10.4.3. South Korea
10.4.4. India
10.4.5. Taiwan
10.4.6. Malaysia
10.4.7. Hong Kong
10.5. Middle East& Africa
10.6. Russia
10.7. Israel
10.8. Other
11. Market Entropy
11.1. New Product Launches
11.2. M&As, Collaborations, JVs, Partnership
12. Company Profiles
12.1. Pinnacle Systems Inc.
12.2. Rockwell Automation
12.3. Banner Engineering Corporation
12.4. IDEC Corporation
12.5. Baumer Group Ltd.
12.6. Hans Turck GmbH & Co. KG
*More than 20 Companies are profiled in this Research Report*
13. Appendix
13.1. Abbreviations
13.2. Sources
13.3. Research Methodology
13.4. Bibliography
13.5. Compilation of Expert Insights
13.6. Disclaimer

Methodology

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