Category

Safety Sensors Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Safety Light Curtains, Safety Laser Scanner, Others), By Function (Presence Detection, Distance Measurement), By Industry Vertical (Oil And Gas, Chemical, Automotive, Food And Beverage, Others), And By Geography - Forecasts From 2019 To 2024

Published: May 2021 | Report Code:  KSI061610358 | Pages:  129

Safety sensor market is projected to witness a compound annual growth rate of 3.76% during the forecast period, reaching a total market size of US$4.231 billion in 2023 from US$3.408 billion in 2017. Safety sensors are used for the detection of distance and absence or presence of any object in a restricted zone during physical operations.

covid-19 impact on safety sensor market

These are present in the form of sensors, switches, or buttons. Growing industries with complex and hazardous work environments such as oil and gas, chemical, and construction are the key drivers of the global safety sensors market. Stringent government regulations across the globe, as well as international standards regarding workers' safety at hazardous locations, are further fuelling the demand for safety sensors, thus boosting the market growth. Furthermore, technological advancements are increasing the reliability of these sensors, thus fuelling their adoption across various industry verticals. The market for safety sensors will continue to grow over the projected period and this growth will be supported by the growth of end-user industries like automotive, chemical, and others.

North America and Europe hold a significantly large share in the global safety sensors market owing to the presence of a large number of key players and flourishing end-use industries in these regions. The Asia Pacific is projected to witness the fastest market growth due to rapid industrialization, and rising infrastructure activities in the region.

Research Methodology

The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.

Market Dynamics

The next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities that exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth, and a brief technological aspect of pH sensors. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Market Players

The competitive intelligence section of the report deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section Rockwell Automation, Inc., Omron Corporation, Baumer Ltd., and ABB Ltd. among others.

Segmentation

Safety sensors market has been segmented by type, industry vertical, and geography as follows:

By Type

Safety Light Curtains

Safety Laser Scanner

Others

 

By Function

Presence Detection

Distance Measurement

 

By Industry Vertical

Oil and Gas

Chemical

Automotive

Food and Beverage

Others

 

By Geography

North America

United States

Canada

Mexico

Others

 

South America

Brazil

Argentina

Others

 

Europe

United kingdom

Russia

France

Spain

Italy

Others

 

Middle East and Africa

UAE

Saudi Arabia

Israel

Others

 

Asia Pacific (APAC)

India

China

Japan

Australia

Others


Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for the safety sensors market?
A1. The global safety sensor market is projected to witness a CAGR of 3.76% over the forecast period.
 
Q2. What will be the safety sensors market size by 2023?
A2. The safety sensor market is projected to reach a total market size of US$4.231 billion by 2023.
 
Q3. What is the size of global safety sensors market?
A3. Safety Sensor market was valued at US$3.408 billion in 2017. 
 
Q4. Which region holds the largest market share in the safety sensors market?
A4. North America and Europe hold a significantly large share in the safety sensors market owing to the presence of a large number of key players and flourishing end-use industries in these regions.
 
Q5. What factors are anticipated to drive the safety sensors market growth?
A5. Growing industries with complex and hazardous work environments such as oil and gas, chemical, and construction are the key drivers of the global safety sensors market.

 

Explore custom options available with this study:

  • Request customization

  • Buy sections of the study

  • Buy country specific report

  • Request excel, Historical data

  • Subscription inquiry

  • Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.

Confidentiality

We are in compliance with the global privacy laws.

OUR CLIENTS