The safety light curtain market is expected to be valued at USD 1,178.2 million by 2023, growing at a CAGR of 4.4%

NEW YORK, Nov. 27, 2017 /PRNewswire/ --

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The safety light curtain market is expected to be valued at USD 1,178.2 million by 2023, growing at a CAGR of 4.4% between 2017 and 2023. The key factors driving the growth of the safety light curtain market include the increasing incidents of accidents in industries, rise in industrial revolution 4.0, and rising need for safety light curtains in the packaging industry powered by robotics, and mandate of safety regulations. However, inability of safety light curtains to protect from secondary hazards and the need for regular maintenance of safety light curtains are limiting the growth of the market.

"Market for control units for safety light curtains to grow at a high rate during the forecast period"
The market for control units is expected to grow at a high rate between 2017 and 2023. The control unit in a safety light curtain controls the actions of infrared light transmitting LEDs and infrared light receiving photoelectric cells and sends out signals according to the events. A control unit is an electronic circuit programmed using programmable logic controllers (PLCs) and other components to determine the sequence and modulation of the LEDs and match them with the photoelectric cells.

"Market for 25–90mm safety light curtains to grow at a high rate during the forecast period"
The market for 25–90mm safety light curtains is expected to grow at a high rate between 2017 and 2023. The resolution range of 25mm to 90mm has been further divided into two ranges: 25–49mm and 50–90mm. The safety light curtains with a resolution ranging from 25mm to 49mm are widely used for hand detection applications. 50–90mm safety light curtains are deployed where robotic machines are used; these safety light curtains help in keeping robotic arms safe in confined areas; in case there is any breach of the curtains, internally or externally, the arms are notified, and necessary emergency protocols are followed to safeguard the operators and the machines.

"APAC to hold the largest share of the safety light curtain market during the forecast period"
APAC is expected to hold the largest share of the safety light curtain market between 2017 and 2023. APAC consists of China and India, which are two of the fastest-growing economies in the region with increasing number of manufacturing industries. India ranks second among the developing economies in the world. The consumption of goods is high in India owing to the ever-growing population in the country. China is one of the fastest-growing economies in the world according to an announcement made by International Monetary Fund (IMF) in 2017. These growing economies in APAC are contributing to the growth of the safety light curtain market in this region.

Breakdown of the profiles of primary participants for the report has been given below:
• By Company Type: Tier 1 = 52%, Tier 2 = 28%, and Tier 3 = 20%
• By Designation: C-Level Executives = 56%, Directors = 29%, and Others = 15%
• By Region: North America = 34%, Europe = 28%, APAC = 23%, and RoW = 15%

The key players operating in the safety light curtain market are Omron (Japan), KEYENCE (Japan), Rockwell Automation (US), SICK (Germany), Pepperl+Fuchs (Germany), Banner Engineering (US), Panasonic (Japan), Schneider Electric (France), Datalogic (Italy), and Leuze Electronic (Germany).

Research Coverage
The research report analyzes the safety light curtain market based on safety level, component, resolution, industry, and geography. The market has been segmented on the basis of safety level into type 2 and type 4. The components used in safety light curtains include LEDs, photoelectric cells, control units, displays, and enclosures. Based on resolution, the safety light curtain market has been segmented into 9–24mm, 25–90mm, and more than 90mm. Industries that use safety light curtains include automotive, semiconductor & electronics, food & beverages, healthcare, and others. The report covers the market segmented on the basis of 4 major regions—North America, Europe, APAC, and RoW.

Key Benefits of Buying the Report:
Illustrative segmentation, analysis, and forecast for the market based on safety level, component, resolution, industry, and geography have been conducted to give an overall view of the safety light curtain market.
Major drivers, restraints, opportunities, and challenges for the safety light curtain market have been detailed in this report.
The report includes a detailed competitive landscape along with key players and their revenue.

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