Curtains

Asia-Pacific should dominate the security fire

New York, Aug. 02, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Safety Light Curtains Market by Safety Level Type, Component, Resolution, Application, Industry and Geography – Global Forecast to 2027 – https://www.reportlinker.com/p05219037/?utm_source=GNW
Growing adoption of automated and digital technologies, increasing penetration of robots in the packaging industry, and stringent safety standards that manufacturers must adhere to are all driving the growth of the market. Additionally, the inability of the safety light curtain to protect against secondary hazards; and the need for regular maintenance are major constraints for the market.

Asia-Pacific to Dominate Automotive Safety Light Curtain Market from 2022 to 2027
Asia-Pacific is expected to dominate the automotive safety light curtain market over the forecast period. It is expected to grow at the highest CAGR from 2022 to 2027.

The automotive industry plays a major role in the growth of developing economies such as India, China and Brazil. According to the International Organization of Automobile Manufacturers (OICA), the automotive market recorded growth of around 6% in Asia-Pacific (in new vehicle sales conditions).

Furthermore, according to OICA, from 2020 to 2021, the increase in registrations or sales of new vehicles (of all types) in India was around 4% year-on-year and reached 26.3 million. vehicle units. These figures indicate that the automotive industry in India is booming, supporting the growth of the market for safety light curtains for the automotive industry in the country.

The robotics segment is expected to dominate the safety light curtains market throughout the forecast period
Robotic application is expected to account for the largest safety light curtain market size throughout the forecast period. this specification is available for type 2 and 4 safety light curtains.

Additionally, stringent safety regulations associated with the deployment of robots in workplaces are fueling the demand for safety light curtains. The growing deployment of robots in various industries, such as automotive, semiconductors and electronics, and food and beverages, is propelling the growth of the segment.

Asia-Pacific Safety Light Curtain Market to Register Highest CAGR from 2022 to 2027
The Asia Pacific Safety Light Curtain Market is expected to grow at the Highest CAGR during the forecast period. Additionally, Asia-Pacific is also expected to account for the largest safety light curtain market share throughout the forecast period.

Asia-Pacific accounted for approximately 40% of the safety light curtain market in 2021. The region is a major supplier as well as user of safety light curtain technology and is expected to provide many growth opportunities for safety light curtain vendors intangible security products on the market.

Asia-Pacific has been a major contributor to the growth of the overall safety light curtain market, as the region is emerging as a major hub for automotive manufacturing. Additionally, the presence of major safety light curtain OEMs in the region, such as OMRON (Japan), KEYENCE (Japan), and IDEC (Japan) is further driving the adoption of safety light curtains in Asia-Pacific.

Distribution of primaries
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, in-depth primary interviews were conducted with key industry experts on the Safety Light Curtains market . The breakdown of key contributors to the report is shown below:
• By type of business: Level 1: 30%, Level 2: 40% and Level 3: 30%
• By designation: C-level executives – 45%, administrators – 35% and other – 20%
• By region: North America: 30%, Europe: 30%, Asia-Pacific: 25% and Rest of the world: 15%
Key Players in the Safety Light Curtain Market are OMRON (Japan), KEYENCE (Japan), SICK (Germany), Rockwell Automation (US), Pepperl+Funch (Germany), Panasonic (Japan), Schneider Electric (France ), Datalogic (Italy), Banner Engineering (USA), Balluff (Switzerland), Smartscan (UK), Leuze Electronic (Germany), ABB (Switzerland), EUCHNER (Germany), IDEC (Japan), Pilz ( Germany), ifm electronic (Germany), WenglorSensoric (Germany), Schmersal (Germany), Rockford Systems (US), Contrinex (Switzerland), Orbital Systems (India), Pinnacle Systems (US), HTM Sensors (US States) and ISB (Canada).

Research Coverage:
The report describes the detailed information regarding the major factors such as drivers, restraints, challenges, and opportunities influencing the growth of the Safety Light Curtains market. It also includes value chain analysis and pricing analysis.

This research report categorizes the Safety Light Curtains market based on safety level type, component, resolution, application, industry, and region. A detailed analysis of major industry players has been carried out to provide insight into their business insights; proposed products/solutions; Key strategies adopted which include new product launches, agreements (acquisitions & partnerships) and others (expansions) Safety Light Curtains market.

Key Benefits of Purchasing the Report

The report would help the leaders/new entrants in this market in the following ways:
1. This report segments the Safety Light Curtains market comprehensively and provides the closest market size projection for all sub-segments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with insights into the key market drivers, restraints, challenges and growth opportunities.
3. This report would help the stakeholders to better understand their competitors and acquire more information to improve their position in the business. The competitive landscape section includes competitor ecosystem, product developments and launches, partnerships, and mergers and acquisitions.
4. Analysis of the top 25 companies based on market share/ranking as well as product footprint will help stakeholders visualize the market positioning of these key players.
5. Value chain analysis and pricing analysis that will shape the market in the coming years has also been covered in this report.
Read the full report: https://www.reportlinker.com/p05219037/?utm_source=GNW

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