Global Industrial Safety Sensors Market 2017-2021

Overview of the global industrial safety sensors market

According to Technavio’s analyst, the global industrial safety sensors market is anticipated to grow at a steady rate and post a CAGR of more than 3% during the forecast period. The risk assessment carried out for manufacturing plants will drive the growth prospects for the global industrial safety sensors market until the end of 2021. As per the regulations set by the Robotics Industries Association (RIA), manufacturing plants have the need to conduct a risk assessment to evaluate the safety requirements of each plant. As a result, it becomes mandatory to verify and validate the existing safety systems, design robot-human interaction systems to include protective measures, and understand all the regulations and codes, which, in turn, will fuel the sales volume of industrial safety sensors in the next few years.

In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. The increasing number of regulations from various regulatory agencies in North America such as Occupational Safety and Health Administration (OSHA), Underwriters Laboratories, American National Standards Institute (ANSI), and Canadian Standards Association (CSA), will drive the market’s growth prospects. With the region witnessing a high number of workplace accidents, industrial safety regulations in North America are being made more stringent, which will again, fuel the demand for industrial safety sensors in this region.

Competitive landscape and key vendors

The global industrial safety sensors market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. Several vendors are increasingly focusing on innovation and developments within the industry to retain market positions and increase their market share.

Key vendors in this market are -

• SICK
• Rockwell Automation
• OMRON
• Pepperl+Fuchs

Other prominent vendors in the market include Emerson, ABB, HIMA Paul Hildebrandt, Honeywell International, Schneider Electric, Siemens, Johnson Controls International, and General Electric.

Segmentation by product and analysis of the industrial safety sensors market

• Safety light curtains
• Safety laser scanners
• Safety edges

According to this industry research report, the safety light curtains segment accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the safety light curtain segment's growth is the growing implementation of safety curtain sensors to meet the safety norms and regulations laid by the local regulatory bodies.

Segmentation by end user and analysis of the industrial safety sensors market

• Food and beverage
• Automotive
• Pharmaceuticals

The global industrial safety sensors market in the food and beverage industry accounted for the majority market share during 2016 and will continue to dominate the market during the forecast period. The increasing use of safety sensors in various applications such as brewing, processing, storing, filling and bottling, packaging, and material handling is one of the major factors augmenting the growth of the market in this segment.

Key questions answered in the report include

• What will the industrial safety sensors market size and growth rate be in 2021?
• What are the key factors driving the global industrial safety sensors market?
• What are the key market trends impacting the growth of the global industrial safety sensors market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial safety sensors market?
• What are the market opportunities and threats faced by the vendors in the global industrial safety sensors market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global industrial safety sensors market?

Technavio also offers customization on reports based on specific client requirement.

Technavio’s reports for the industrial automation industry covers a wide range of product markets such as automation and robotics. Besides providing insights into the evolution of customer preferences and the factors, which will drive and challenge the growth of the vendors in the industrial automation market space. Technavio’s reports also include a exhaustive analysis of the leading vendors, the products and services offered by them, and the competitive landscape.

Our market research experts follow a combination of primary and secondary research techniques and also make an in-depth analysis of the various factors, which include technological advancements and the demand for different products and services across various geographical regions. To help clients frame improved policies for growth, our upcoming industry research report on industrial safety sensors market for the forecast period of 2017 to 2021 offers pro-active insights devised from the data collected from reliable informants such as manufacturers, channel partners, regulatory bodies, and decision makers.

This upcoming report on industrial safety sensors market also considers the growth of the identical markets such as the industrial control systems security and industrial sensors, which are expected to grow at a CAGR of almost 9% and about 10%, respectively by 2020. According to our market research analysts, the need to reduce production cycle times and manufacturing costs and improve the overall efficiency of the manufacturing industry are the significant factors that are expected to spur the industrial automation market’s growth in the coming years. Based on the requirements of numerous clients, Technavio also provides customized reports, which will help local vendors and players targeting niche customer segments cement their market position.

The upcoming industry research report for industrial safety sensors market also identifies the market drivers, key trends, and the challenges that the market is currently experiencing. Furthermore, it also provides insights into the competitive landscape to offer clients a holistic picture of the future scope of the automation industry.