안전 센서 시장 : 예측(2024-2029년)

The safety sensors market is estimated to reach US$5.202 billion in 2029, with a CAGR of 3.73%, from US$4.331 billion in 2024.

Safety sensors are devices that come with a switch used in industrial applications, particularly chemical-based industries. They ensure worker health and safety by preventing accidents associated with electrical connections in industrial machines and equipment. Safety switches are available in various switch types, actuators, and voltage and ampere ratings.

The most commonly used safety sensor switches are break-a-beam switches, interlocks, tag-out devices, perimeter guards, photoelectric safety sensors, and wireless safety. Growing industrial productivity, investments in manufacturing plants, and efforts to safeguard worker safety are anticipated to drive the safety sensor market's growth. However, safety sensors in certain situations tend to lack effectiveness in functioning, which can act as an obstacle to the overall market's growth.

Safety Sensors Market Drivers:

A high prevalence of workplace-related accidents is expected to propel the market expansion.

Laborers and working personnel hold a high prevalence rate of meeting accidents in industrial work, especially in capital-intensive industries that employ sharp-edged machines that handle hazardous substances, especially in the chemical industry. According to the International Labour Organization, 2.3 million women and men engaged in industrial work die every year and suffer from accidents.

Many workers have wearable sensors that prevent them from accidents by enabling workers to monitor occupational heat stress. Industries that use large amounts of flammable liquids also use safety sensors in applications such as line breaking, cleaning, welding, spraying, spreading, and coating of articles.

Flammable gas detectors trigger alarms when a specified concentration of gas or vapor is released in the industry. This helps in providing early warning to workers. Computer Vision Safety Sensors are used in hazardous industries capable of accurate and automatic monitoring to prevent workplace accidents.

• Bolstering end-user growth is anticipated to accelerate the market expansion.

Safety sensors form one of the major components that maintain a balance between work productivity and labor's well-being. With the rapid industrial growth in major economies, the market demand and usage for such devices are expected to surge significantly. For instance, according to the U.S. Bureau of Labor Statistics, in Q1 of 2024, total manufacturing sector labor productivity witnessed 1.2% growth over the same quarter the previous year. Moreover, according to the Cybersecurity and Infrastructure Security Agency, the US harbors nearly 11,128 chemical manufacturing facilities, of which 2,446 make basic chemicals and 991 are engaged in agrochemicals business.

Likewise, nations like China are witnessing a surge in their sectoral growth, especially in oil & gas, automotive, and manufacturing. For instance, according to the International Organization of Motor Vehicle Manufacturers, in 2023, China experienced 11.6% growth in its automotive production compared to 2022.

• Favorable rules and regulations regarding worker safety drive market expansion.

Various governing authorities are laying necessary rules and regulations to reduce the prevalence of work-related injuries and ensure workers' well-being. For instance, the Occupational Health Safety and Administration regulates guidelines to ensure workers' safety.

Safety Sensors Market Restraints:

• High installation costs can restrain the safety sensors industry's growth.

Safety sensors hold high industrial applicability. However, the initial cost of installation of such devices can be high as their varied functions regarding monitoring & detection of people or things make such a product an expensive accessory. Owing to their expensive nature, low-scale businesses and manufacturers with low revenue margins may find it difficult to afford them, which can restrain the demand for safety sensors, thereby negatively impacting their overall market growth.

Safety Sensors Market Geographical Outlook

• North America is set to showcase rapid growth.

North America is expected to constitute a considerable market share as the region is based on certain major companies engaged in the safety sensors manufacturing, production, and distribution operation, for instance, Pepperl+Fuchs GmbH, Rockwell Automation, Raytek Corporation, and others. The growth in the regional market is primarily due to rapid industrialization, followed by emerging safety concerns for workers at the workplace.

As per the U.S Bureau of Labor Statistics, in 2022, 2.8 million workplace injuries and illnesses were reported by private employers, signifying a 7.5% increase over 2021. The most commonly used safety sensor devices in major regional economies include light curtain safety devices, gas detectors, smart wearable devices, and safety edge profiles that protect activities related to machine motion in various industrial sectors.

Additionally, other end-user growth, such as in automotive, aerospace, chemical, and oil & gas, followed by implementing regulations to safeguard worker's interests during industrial operations, has led to an upward market trajectory in the region.

Safety Sensors Market Key Developments

• December 2023: Motorola Solutions acquired IPVideo, which provides a "HALO Smart Sensor" that can detect real-time health & safety threats. The acquisition formed a part of Motorola's strategy to provide cost-effective sensors & security solutions to operate in businesses of any size.
• June 2023: Melexis announced the launch of "MLX75027RTI," which extended the company's Time-of-Flight sensor offerings for automotive applications such as dynamic airbag suppression. Besides automotive, the sensor is also ideal for industrial applications such as driver attentional monitoring and close-range exterior LiDAR.
• October 2022: SICK launched a compact 3D camera "safeVisionary2" which features 3D time-of-flight (ToF) performance level C safety sensors. With a safety range of 2m, the safeVisionary2 is ideal for autonomous mobile robots, and its 3SD measurement data would assist in intelligent mobile robot navigation.
• June 2022: Humanetics announced the acquisition of mg-sensor GmbH which specializes in designing high-quality sensors for automotive, industrial, and medical sectors, and the acquisition enabled Humanetics to enhance its sensor technologies.
• May 2022: Continental AG launched two new sensor products, "Battery Impact Detection System" and "Current Sensors MOduel," to protect electric vehicle batteries from overcurrent. The new launches further extended Continental's sensor offerings for electric vehicles.

The Safety Sensors market is segmented and analyzed as follows:

By Type

• Safety Light Curtains
• Safety Laser Scanner
• Others

By Function

• Presence Detection
• Distance Measurement
• Others

By Industry Vertical

• Oil and Gas
• Chemical
• Automotive
• Food and Beverage
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• United Kingdom
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• Israel
• Others
• Asia Pacific
• China
• Japan
• South Korea
• India
• Indonesia
• Taiwan
• Others

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base and Forecast Years Timeline
• 1.8. Key Benefits for the Stakeholder

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Processes

3. EXECUTIVE SUMMARY

• 3.1. Key Findings

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
• 4.5. Analyst View

5. SAFETY SENSORS MARKET BY TYPE

• 5.1. Introduction
• 5.2. Safety Light Curtains
• 5.3. Safety Laser Scanner
• 5.4. Others

6. SAFETY SENSORS MARKET BY FUNCTION

• 6.1. Introduction
• 6.2. Presence Detection
• 6.3. Distance Measurement
• 6.4. Others

7. SAFETY SENSORS MARKET BY INDUSTRY VERTICAL

• 7.1. Introduction
• 7.2. Oil and Gas
• 7.3. Chemical
• 7.4. Automotive
• 7.5. Food and Beverage
• 7.6. Others

8. SAFETY SENSORS 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. United Kingdom
  • 8.4.4. Spain
  • 8.4.5. 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. South Korea
  • 8.6.4. India
  • 8.6.5. Indonesia
  • 8.6.6. Taiwan
  • 8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 9.1. Major Players and Strategy Analysis
• 9.2. Market Share Analysis
• 9.3. Mergers, Acquisitions, Agreements, and Collaborations
• 9.4. Competitive Dashboard

10. COMPANY PROFILES

• 10.1. Rockwell Automation, Inc.
• 10.2. Omron Corporation
• 10.3. Baumer Ltd.
• 10.4. ABB Ltd.
• 10.5. Pepperl+Fuchs GmbH
• 10.6. Siemens
• 10.7. Panasonic Corporation
• 10.8. KEYENCE CORPORATION
• 10.9. SICK AG