Machine Safety Market on Track for Strong Growth, Estimated to Grow at 8.3% CAGR Through 2029

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What Is the Expected CAGR for the Machine Safety Market Through 2025?
There has been a significant expansion in the machine safety market in the previous years. The market, which was worth $5.76 billion in 2024, will rise to $6.17 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. Factors attributing to this historic growth include enhanced awareness about workplace hazards and accidents, an increase in industrial automation and manufacturing activities, the imperative for accident prevention and guaranteeing worker safety, an emphasis on employee health and welfare in workplaces, and strict implementation of industrial safety regulations.

What's the Projected Size of the Global Machine Safety Market by 2029?
The market for machine safety is projected to witness robust growth in the coming years, with valuations predicted to reach $8.47 billion by 2029, growing at an annual rate of 8.3%. The growth in the estimated period can be credited to the merger of machine safety systems with industrial Internet of Things (IIoT) platforms, the need for machine learning and artificial intelligence-enabled safety solutions, as well as the rise of robotics and cooperative robot (cobot) uses. It's also due to the emphasis on cooperation between humans and machines, safe engagement, and advancements in the research and development of future safety devices and systems. Some of the leading trends during the forecast period are expected to be machine learning for safety analysis predictions, emergency stop mechanisms and alert systems, safety Programmable Logic Controllers (PLCs), and programmable safety systems, real-time monitoring and reporting of safety-related incidents, safety interlock switches, and lockout/tagout systems.

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Top Growth Drivers in the Machine Safety Industry: What's Accelerating the Market?
The machine safety market is projected to grow during the forecast period, largely due to the implementation of stringent machine safety regulations. With a rise in workplace accidents and insufficient public safety management, numerous government and international entities have designed strict safety measures for workplace machinery. The main goal of these mandates is to ensure safer machinery operation and improved safety management. As an example, a report from The ADAS & Autonomous Vehicle International, a Germany-based media outlet, highlighted that in July 2024, the New Vehicle General Safety Regulation (GSR2), officially known as Regulation (EU) 2019/2144, was compiled, setting new minimum performance criteria for motor vehicles in the EU. This ruling obligates the integration of several Advanced Driver Assistance Systems (ADAS) such as Intelligent Speed Assist (ISA), Autonomous Emergency Braking (AEB), Driver Drowsiness and Attention Warning (DDAW), and Emergency Lane-Keeping Systems (ELKS). Hence, these stringent machine safety regulations are driving the growth of the machine safety market.

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Which Emerging Trends Are Transforming the Machine Safety Market in 2025?
The primary players in the machine safety market are prioritizing the development of websites dedicated to machine safety, aiming to improve access to safety resources, supply abundant training materials, simplify compliance paperwork, and promote real-time dialogue between manufacturers. These online platforms, centred around machine safety, deliver comprehensive resources, details, and tools essential for adhering to machine safety protocols and regulations. They offer customised machine guarding solutions specifically devised to cater to the exclusive requirements of each customer and their machines, as opposed to depending on generic solutions. For example, in March 2022, Machine & Process Safety Assessment Group, a company based in the U.S., initiated mpsasafety.com, a site dedicated to machine safety. This site assists in providing accurate machine stop-time analysis, which is necessary for the successful setup of safety systems like light curtains. MPSA retains a committed engineering crew that can generate new safety solutions or revamp existing systems, proving advantageous when original blueprints are missing.

What Are the Main Segments in the Machine Safety Market?
The machine safetymarket covered in this report is segmented -

1) By Implementation: Individual Components, Embedded Components
2) By Component: Presence Sensing Safety Sensors, Safety Interlock Switches, Safety Controllers/Modules/Relays, Programmable Safety Systems, Emergency Stop Controls, Two-Hand Safety Controls
3) By System: Assembly, Material Handling, Metal Working, Packaging, Robotics, Other Systems
4) By Industry: Oil And Gas, Energy And Power, Chemicals, Food And Beverages, Aerospace And Defense, Automotive, Semiconductor And Electronics, Healthcare And Pharmaceuticals, Metals And Mining, Other Industries

Subsegments:
1) By Individual Components: Safety Sensors, Safety Relays And Controllers, Emergency Stop Devices, Safety Switches And Interlocks
2) By Embedded Components: Integrated Safety Systems, Safety-Integrated Controllers, Embedded Safety Software, Functional Safety Modules

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Which Top Companies are Driving Growth in the Machine Safety Market?
Major companies operating in the machine safety market include ABB Group, Schneider Electric SE, Honeywell International Inc., Emerson Electric Co., Rockwell Automation Inc., Siemens AG, Mitsubishi Electric Corporation, Keyence Corporation, OMRON Corporation, SICK AG, B&R Industrial Automation GmbH, Pilz GmbH & Co. KG, IDEC Corporation, ISE Controls Pvt. Ltd., Banner Engineering Corp., Fortress Interlocks Ltd., Pepperl+Fuchs GmbH, STI GmbH, Hans Turck GmbH & Co. KG, Yokogawa Electric Corporation, Leuze electronic GmbH + Co. KG, Balluff GmbH, Datalogic S.p.A., Euchner-USA Inc., Schmersal Group, Wieland Electric GmbH

Which Regions Will Dominate the Machine Safety Market Through 2029?
Western Europe was the largest region in the machine safety market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the machine safety market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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