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Safety Light Curtain Market - Forecasts from 2021 to 2026

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    Report

  • 121 Pages
  • January 2022
  • Region: Global
  • Knowledge Sourcing Intelligence LLP
  • ID: 5547588
The safety light curtain market is projected to grow at a CAGR of 6.04% to reach US$1,610.925 million by 2026, from US$1,068.184 million in 2019. Safety light curtains refer to the devices which are used to protect and safeguard people from machines in a production or manufacturing facility which involves creating a sensing screen to guard the machine access point and perimeter. Concerns and stringent regulations over workers' safety have been a matter of prime concern owing to which the adoption and demand of these safety light curtains have gained pace in recent years. The increasing productivity is highly correlated to the gaining traction of the use of safety light curtains as it helps in reducing the fatigue level of operators. The rising investments in automating different manufacturing applications is further fueling the growth of safety light curtain in the global market.



Driving Factors


The use of safety light curtains plays a vital role in manufacturing and production units as they are an efficient way of preventing mishaps and are cost-effective leading to its large-scale adoption. Its ability to leave a minimal physical footprint coupled with the effectiveness and efficiency of these devices have made it a popular choice among manufacturing industries. Moreover, the rise in industry 4.0 and the growing use of robots in industry verticals have led to the rise in the demand for these safety light curtains in the global market. Also, the growing demand for processed food and beverages among consumers have burdened the production and manufacturing units leading to the increasing use of automatic machines and robots to meet the needs of consumers owing to which the safety of workers has been a matter of prime concern leading to the adoption of safety light curtains in the food and beverage industry.

Market Segmentation


By safety level. The safety light curtain market is segmented into type 2 and type 4 among which the type 4 segment is expected to show prominent growth as they are based on redundant automatic cross-checking architecture that detects immediate failure detection within a lower response time. These curtains react instantaneously to any intrusions around the virtual curtain and are set on the definition set by international standards. By resolution, the safety light curtain market is segmented into up to 24 mm, 25-90mm, and more than 90mm.

By end-user industry, the safety light curtain market is segmented into food and beverage, automotive, healthcare, electricals and electronics, and others. The healthcare industry is anticipated to show promising growth owing to the applications of safety light curtains to safeguard manufacturing plants and machinery. They are also used for isolating restricted areas and the heavy investments in the healthcare industry by developing nations such as China and India are expected to boost the market.

Geographically, the Asia Pacific region is expected to show prominent growth during the forecast period owing to the application of safety light curtains across various industry verticals such as semiconductors and electronics, automotive, healthcare, and food and beverage industries. Regardless of the low adoption of safety light curtains in counties such as India the market for safety light curtains are expected to bloom with its increasing demand for these curtains from the automotive industries and the electronic sector.

Growth Factors


Increasing applications of safety light curtains in various industry verticals


One of the major reasons for the growth of the safety light curtain market is its increasing applications of safety light curtains in the various industry verticals including e-commerce, automotive, healthcare, food, and beverage. The increasing machinery to meet the growing demand of consumers has led to the adoption of safety light curtains to take into consideration the safety of workers. With the increasing demand from the automotive industry due to the installation of smart robots, AI-powered robots have demanded the use of safety light curtains in manufacturing units.

Restraints


The flaws related to safety light curtains acts as a major hindrance to the market growth


A major restraint in the growth of the safety light curtain market is the flaws related to safety light curtains which include guard gaps, the bottom beam being too high, the inconsistent halting of safety hazards, the top beam being too low, not all hazardous movements are controlled, inappropriate muting circuits and many more. These limitations act as a major restraint to the market growth of the safety light curtain market.

Impact of COVID-19 on the safety light curtain market


Manufacturing and production activities are interrupted because of lockdown measures enforced in numerous countries. Trade barriers have restrained the stock. The COVID-19 impact on the safety light curtain market has been negative owing to the production halt by industries due to the temporary lockdown implemented by several governments to break the cycle of the virus. The hike in prices of safety light curtains is expected due to the limited supply of raw materials supply chain owing to the travel and trade restrictions being imposed. The unfavorable conditions risen due to the COVID-19 virus have had a negative impact on the safety light curtain market. However, in the post COVID scenario, the safety light curtain market is expected to bloom with the surging demand in various industry sectors in the forecast period.

Segmentation:


By Safety Level

  • Type 2
  • Type 4

By Resolution

  • Upto 24mm
  • 25-90mm
  • More than 90mm

By Industry Vertical

  • Food and Beverage
  • Automotive
  • Healthcare
  • Electricals & Electronics
  • Others

By Geography

  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • Germany
  • France
  • UK
  • Others
  • Middle East and Africa
  • Saudi Arabia
  • Israel
  • Others
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Taiwan
  • Thailand
  • Indonesia
  • Others

Table of Contents

1. Introduction
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Safety Light Curtain Market, By Safety Level
5.1. Introduction
5.2. Type 2
5.3. Type 4
6. Safety Light Curtain Market, By Resolution
6.1. Introduction
6.2. Upto 24mm
6.3. 25-90mm
6.4. More than 90mm
7. Safety Light Curtain Market, By Industry Vertical
7.1. Introduction
7.2. Food and Beverage
7.3. Automotive
7.4. Healthcare
7.5. Electricals & Electronics
7.6. Others
8. Safety Light Curtain Market, By Geography
8.1. Introduction
8.2. North America
8.2.1. United States
8.2.2. Canada
8.2.3. Mexico
8.3. South America
8.3.1. Brazil
8.3.2. Argentina
8.3.3. Others
8.4. Europe
8.4.1. Germany
8.4.2. France
8.4.3. UK
8.4.4. Others
8.5. Middle East and Africa
8.5.1. Saudi Arabia
8.5.2. Israel
8.5.3. Others
8.6. Asia Pacific
8.6.1. China
8.6.2. Japan
8.6.3. India
8.6.4. South Korea
8.6.5. Taiwan
8.6.6. Thailand
8.6.7. Indonesia
8.6.8. Others
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. Schneider Electric
10.2. Omron Corporation
10.3. Sick AG
10.4. Rockwell Automation, Inc.
10.5. Rockford Systems, LLC
10.6. ISB
10.7. Panasonic Corporation
10.8. Leuze electronic GmbH + Co. KG
10.9. ABB
10.10. Pinnacle Systems, Inc.

Companies Mentioned

  • Schneider Electric
  • Omron Corporation
  • Sick AG
  • Rockwell Automation, Inc.
  • Rockford Systems, LLC
  • ISB
  • Panasonic Corporation
  • Leuze electronic GmbH + Co. KG
  • ABB
  • Pinnacle Systems, Inc.

Methodology

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Table Information