Safety Light Curtains Market by Type and Geography - Forecast and Analysis 2020-2024

The safety light curtains market size has the potential to grow by USD 188.71 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by type (type-4 and type-2) and geography (APAC, North America, Europe, South America, and MEA). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including Banner Engineering Corp., Datalogic Spa, Keyence Corp., Leuze electronic GmbH + Co. KG, OMRON Corp., Panasonic Corp., Pepperl+Fuchs AG, Rockwell Automation Inc., Schneider Electric SE, and SICK AG.

Market Overview

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Market Competitive Analysis

The market is fragmented. The market consists of several globally diverse, local, and regional players who compete based on product differentiation and innovations. The vendors in this marketspace are increasing their focus on enhancing the safety features in their product offerings which will aid in bringing down industrial accidents and fatalities. Banner Engineering Corp., Datalogic Spa, and Keyence Corp. are some of the major market participants. Although the rise in industrial automation will offer immense growth opportunities, the slowdown in manufacturing industry will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this safety light curtains market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this safety light curtains market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• Banner Engineering Corp.
• Datalogic Spa
• Keyence Corp.
• Leuze electronic GmbH + Co. KG
• OMRON Corp.
• Panasonic Corp.
• Pepperl+Fuchs AG
• Rockwell Automation Inc.
• Schneider Electric SE
• SICK AG

Safety Light Curtains Market: Segmentation by Geography

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APAC was the largest safety light curtains market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The packaging industry is one of the fastest-growing sectors in APAC due to the strong demand for consumer goods. The awareness on the need for the efficient control and analysis of the machinery in the packaging industry that can be achieved by installing safety light curtains will significantly drive safety light curtains market growth in this region over the forecast period.

43% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for safety light curtains in APAC. Market growth in this region will be faster than the growth of the in regions.

Safety Light Curtains Market: Segmentation by Type

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The type-2 curtains are widely deployed in small assembly equipment, table-top robotic work cells, automated production equipment, pick-and-place machines, small packaging machines, equipment protection, and supplemental safeguarding. Additionally, the cost-saving benefits of type-2 safety curtains will also contribute to the growth of this market segment in the coming years. However, the market growth in this segment will be slower than the growth of the market in the type-4 segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the safety light curtains market size.

Safety Light Curtains Market: Key Drivers and Trends

Market research analysts at Technavio predict that the global safety light curtains market will grow steadily at a CAGR of over 3% by 2024. This market research analysis identifies the rise in industrial automation as one of the primary growth factors for this market growth. Industrial automation facilitates the performance of monotonous tasks and better allocation of resources and also improves the quality of the products manufactured. The higher the deployment of automation across the industries, the greater will be the deployment of safety equipment such as safety light curtains, which will subsequently impact market growth in the coming years.

The presence of digital indicators in safety light curtains is one of the latest trends that will gain traction in the safety light curtains market in the coming years. Safety light curtains that include digital indicators aid in the proper adjustment of beams and enable work quality control during the installation of the device. These indicators also alert on the accumulation of dirt on the detection surface, which helps in determining the work quality control during installations. The integration of digital indicators in safety light curtains will also encourage manufacturers to innovate and differentiate their products, driving sales.

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Safety Light Curtains Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive safety light curtains market growth during the next five years
• Precise estimation of the safety light curtains market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the safety light curtains industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of safety light curtains market vendors

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