Dublin, Dec. 17, 2018 (GLOBE NEWSWIRE) -- The "Global Safety Sensors Market - Segmented by Type (Safety Light Curtain, Safety Laser Scanner, Safety Mat, Safety Edge), End-user Industry, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Safety Sensors Market was valued at USD 492.81 million in 2017, and it is expected to reach a value of USD 597.38 million by 2023, at a CAGR of 3.24% over the forecast period (2018-2023).
Safety sensors play a vital role in ensuring workplace safety of employees across industry verticals. They act as bridge between human and machine interaction to provide useful, precise, and timely indications to avoid accidents. Stringent safety regulations by government and increasing automation are key drivers for the growth of the safety sensors market.
Emergence of MEMS Technology
The emergence of micro-electro mechanical systems (MEMS) technology resulted in miniaturization of mechanical and electro-mechanical elements in the field of sensors and semiconductors with micro-fabrication and micro-machining techniques. MEMS have now become an undisputable part of the future navigation systems.
The growth in this technology has been driven by the growing pressure on contract manufacturers to reduce the size of inertial systems to make it suitable for wider applications. MEMS-based accelerometers are reducing the complexity and overall size of the system. This technology is expected to further drive the next wave of innovation in the inertial systems.
Increased Demand from Mining Sector
Safety sensors are widely used in the mining sector and are deployed for surveying static holes to determine the feasibility of deep drilling. These sensors are designed to withstand a wide range of temperatures since they are used in tilt and guidance systems, for determining the presence of deformed areas in existing sites.
A wide range of products cater to inertial, seismic, tilt and vibration monitoring applications. These devices are designed to offer high shock resistance and high stability, for smooth functioning in harsh environments.
Though the global outlook for mining sector remains largely mixed owing to fluctuations in metal & oil prices, this market is poised to grow rapidly, owing to the increased construction in developing countries.
2017 Market Developments
- December 2017 - Rockwell Automation introduced metal, flat-pack industrial sensors- 871FM. These sensors deliver more comprehensive diagnostic and parameter data to the controller over EtherNet/IP from the IO-Link master module.
- May 2017 - Siemens expanded its ultrasonic level transmitter portfolio by adding the non-contacting transmitter Sitrans LU180. Sitrans LU180 incorporates the sensor and the electronics in a single compact unit and is suitable for continuous level measurement of liquids and slurries in open or closed vessels.
Key Topics Covered
1. Introduction
1.1 Scope of the Study
1.2 Study Deliverables
2. Research Approach and Methodology
2.1 Study Assumptions
2.2 Analysis Methodology
2.3 Research Phases
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Introduction to Drivers and Restraints
4.3 Market Drivers
4.4 Market Restraints
4.5 Value Chain Analysis
4.6 Porter's Five Forces Analysis
5. Technology Overview
5.1 Safety Light Curtain Sensor
5.2 Safety Mat Sensor
5.3 Magnetic Sensor
5.4 Inductive Sensor
6. Segmentation By Type
6.1 Safety Light Curtain
6.2 Safety Laser Scanner
6.3 Safety Mat
6.4 Safety Edge
6.5 Others (Hand Detection Safety Sensor)
7. Segmentation By End-user Industry
7.1 Pharmaceutical
7.2 Food & Beverage
7.3 Automotive
7.4 Others
8. Segmentation By Geography
8.1 North America
8.2 Europe
8.3 Asia-Pacific
8.4 Latin America
8.5 Middle East & Africa
9. Competitive Intelligence - Company Profiles
9.1 Omron Corporation
9.2 Rockwell Automation
9.3 Keyence Corporation
9.4 Banner Engineering Corporation
9.5 ABB Limited
9.6 Siemens AG
9.7 Panasonic Electric Works Co. Ltd.
9.8 SICK AG
9.9 Pepperl+Fuchs
9.10 Pilz GmbH & Co.
9.11 Autonics Corporation
9.12 BEI Sensor
9.13 Hans Turck GmbH & Co. KG
9.14 Larco
9.15 Schneider Electric
9.16 Leuze electronic GmbH
9.17 Pinnacle Systems Inc.
9.18 Balluff GmbH
9.19 Contrinex
10. Investment Analysis
11. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/mnnndb/safety_sensors?w=12
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