Safety Sensors Market - Forecasts from 2018 to 2023

February 2018 | 92 pages | ID: S3BF84AF6B8EN
Knowledge Sourcing Intelligence LLP

Abstracts

Safety sensor market is projected to witness a compound annual growth rate of 3.76% during the forecast period, reaching a total market size of US$4.231 billion in 2023 from US$3.408 billion in 2017. Safety sensors are used for detection of distance and absence or presence of any object in a restricted zone during physical operations. These are present in the form of sensors, switches or buttons. Growing industries with complex and hazardous work environments such as oil and gas, chemical, and construction are the key drivers of global safety sensors market. Stringent government regulations across the globe, as well as international standards regarding workers' safety at hazardous locations are further fuelling the demand for safety sensors, thus boosting the market growth. Furthermore, technological advancements are increasing the reliability of these sensors, thus fuelling their adoption across various industry verticals. The market for safety sensors will continue to grow over the projected period and this growth will be supported by the growth of end-user industries like automotive, chemical and others.

North America and Europe hold a significantly large share in the global safety sensors market owing to the presence of a large number of key players and flourishing end-user industries in these regions. Asia Pacific is projected to witness the fastest market growth due to rapid industrialization, and rising infrastructure activities in the region.

Research Methodology

The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.

Market Dynamics

Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of pH sensors. Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Segmentation

Safety sensors market has been segmented by type, industry vertical and geography as follows:

By Type

• Safety Light Curtains
• Safety Laser Scanner
• Others

By Function

• Presence Detection
• Distance Measurement

By Industry Vertical

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

By Geography

North America

• United States
• Canada
• Mexico
• Others

South America

• Brazil
• Argentina
• Others

Europe

• United kingdom
• Russia
• France
• Spain
• Italy
• Others

Middle East and Africa

• UAE
• Saudi Arabia
• Israel
• Others

Asia Pacific (APAC)

• India
• China
• Japan
• Australia
• Others

Market Players

The competitive intelligence section of the report deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this section Rockwell Automation, Inc., Omron Corporation, Baumer Ltd., and ABB Ltd. among others.

Contents

1. INTRODUCTION

2. RESEARCH METHODOLOGY

2.1. Research Process and Design
2.2. Research Assumptions

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s 5 Forces Analysis
  4.5.1. Bargaining Power of Suppliers
  4.5.2. Bargaining Power of Buyers
  4.5.3. Threat of Substitutes
  4.5.4. Threat of New Entrants
  4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis- Regional Snapshot
4.7. Market Attractiveness

5. SAFETY SENSORS MARKET FORECAST BY TYPE (US$ BILLION)

5.1. Safety Light Curtains
5.2. Safety Laser Scanner
5.3. Others

6. SAFETY SENSORS MARKET FORECAST BY FUNCTION (US$ BILLION)

6.1. Presence Detection
6.2. Distance Measurement

7. SAFETY SENSORS MARKET FORECAST BY INDUSTRY VERTICAL (US$ BILLION)

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

8. SAFETY SENSORS MARKET FORECAST BY GEOGRAPHY (US$ BILLION)

8.1. North America
  8.1.1. United States
  8.1.2. Canada
  8.1.3. Mexico
  8.1.4. Others
8.2. South America
  8.2.1. Brazil
  8.2.2. Argentina
  8.2.3. Others
8.3. Europe
  8.3.1. UK
  8.3.2. Russia
  8.3.3. France
  8.3.4. Spain
  8.3.5. Italy
  8.3.6. Others
8.4. Middle East and Africa
  8.4.1. UAE
  8.4.2. Saudi Arabia
  8.4.3. Israel
  8.4.4. Others
8.5. Asia Pacific
  8.5.1. India
  8.5.2. China
  8.5.3. Japan
  8.5.4. Australia
  8.5.5. Others

9. COMPETITIVE INTELLIGENCE

9.1. Market Share of Key Players
9.2. Investment Analysis
9.3. Recent Deals
9.4. Strategies of Key Players

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. Ningbo Tehorn Electronic Technology Co., Ltd.
10.8. Panasonic Corporation