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Safety Light Curtain Market Trends, Size, Insights, Analysis 2024-2033
Safety Light Curtain Market Trends
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According to The Business Research Company's, The safety light curtain market size has grown strongly in recent years. It will grow from $1.67 billion in 2023 to $1.79 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to industrialization boom, early safety regulations, worker safety awareness, evolving manufacturing practices, labor union advocacy.
The safety light curtain market size is expected to see strong growth in the next few years. It will grow to $2.41 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to increasing demand for customized solutions, focus on preventive maintenance, flexible manufacturing needs, increasing awareness about occupational hazards, global expansion of end-user industries, . Major trends in the forecast period include training and education, environmental resistance, technological convergence, innovation in design and functionality.
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Market Drivers and Trends:
The increase in industrial automation is expected to propel the growth of safety light curtain market going forward. Industrial automation refers to the use of technology, control systems, and machinery to operate and manage various industrial processes and tasks with minimal human intervention. hese optoelectronic devices play a vital role in ensuring worker safety, compliance with regulations, and preventing collisions in automated environments. Safety light curtains contribute to enhanced productivity, flexibility in manufacturing setups, and cost savings by minimizing downtime and accident-related expenses. Their seamless integration with control systems and the overall demand for safety solutions in automated industries further drive their market growth. For instance, in March 2023, according to the 2023 Connected Retail Experience Study, a research study conducted by Incisiv in collaboration with Verizon Business, a US-based insights firm, retailers anticipate a significant increase in automation and expect up to 70% of routine tasks will be partially or fully automated by 2025. They expect to leverage the labor and productivity benefits by re-deploying associates to customer-facing high-value tasks (18% of retailers) and supporting business operations (26% of retailers). Moreover, the use of Ai to improve operations is projected to increase 9x by 2025. Therefore, the increase in industrial automation is driving the growth of the safety light curtain market.
Advancements in safety light curtains to boost market prospects is a key trend gaining popularity. America and Europe region is being supported by the presence of several leading players in the regions and the various advancements taken by them to expand market presence. For instance, in 2022, SICK German-based manufacturer of sensors and sensor solutions, introduced the deTec4 Prime safety light curtain, which includes an integrated laser alignment help that emits a visible laser and reduces setup and readjusting time. The deTec4 Prime can be configured utilizing four distinct M12 system plugs without a computer using up to three pairs of light curtains connected using standard M12 connectors to cascade guard various sides of a machine. The deTec4 safety light curtains are electro-sensitive protection equipment that complies with IEC 61508, SIL3, and performance level """"e"""" according to EN ISO 13849. The deTec4 Prime is strong enough to withstand even the most demanding conditions, and with a scanning range of 21 m and a resolution of 30 mm, it offers dependable protection for a variety of machine types.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Banner Engineering Corporation, Datalogic S.p.A., Keyence Corporation, Leuze electronic GmbH + Co. KG, Omron Corporation, Panasonic Corporation, Rockwell Automation Inc., SICK Pty Ltd., Carlo Gavazzi Holding AG, K.A. Schmersal Holding GmbH & Co. KG, Hengstler GmbH, Balluff GmbH, Euchner GmbH + Co. KG, Fortress Interlocks Ltd., ReeR Safety S.r.l., Fiessler Elektronik GmbH, Emerson Electric Co., ASO Safety Solutions, HBM Nuclear Technologies GmbH, Satech Safety Technology S.p.A., Smartscan Ltd., ABB Ltd., IDEC Corporation, Pilz GmbH & Co. KG, Rockford Systems LLC, Contrinex AG, Orbital Systems Pvt. Ltd., IDEM Safety Switches Ltd., Pinnacle Systems Inc.
Safety Light Curtain Market 2024 Key Insights:
• The safety light curtain market size is expected to see strong growth in the next few years. It will grow to $2.41 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
• Rising Mortality Rates Drive Demand For Safety Light Curtains In Developing Countries
• Product Innovations Transforming The Safety Light Curtain Market
• Asia-Pacific was the largest region in the safety light curatin market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
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Americas: +1 315 623 0293
Email: info@tbrc.info
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LinkedIn: https://in.linkedin.com/company/the-business-research-company
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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