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Light Curtain Sensors Market Segmentation by Component (InfraRed Transmitter, Receiver, and Others); by Application (Personnel Safety, Large Object Safety, and Others); and by End-User (Electronics, Food & Beverages, Manufacturing, Automotive, Defense, Aerospace, Pharmaceutical, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Light Curtain Sensors Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • February 2021: Datalogic S.p.A. announced the acquisition of M.D. Micro Detectors S.p.A. to expand its portfolio in sensors and detectors globally.

  • November 2020: Leuze electronic Pvt. Ltd. announced as the top producer of optical sensors in 2020, by the WML index.

Global Light Curtain Sensors Market Highlights over 2022 – 2030

The global light curtain sensors market is estimated to grow at a CAGR of ~5.5% over the forecast period, i.e., 2022 – 2030. Light curtain sensors are photo-electric devices used to protect heavy mechanical equipment and people around it. The growth of the market can be attributed to the growing requirement for safeguarding heavy machines, such as, presses and winders. Growing cases of industrial accidents are projected to fuel the market growth. According to the data by the International Labor Organization (ILO), over 2.3 million deaths are caused by work-related accidents. Around 340 million occupational accidents are caused annually. Using light curtain sensors, instead of physical barriers, reduces chances of accidents, damage to machinery, and amount of labor. These advantages of using light curtain sensors are estimated to drive the market growth. Moreover, growing adoption of advanced technology amongst various industry verticals is also estimated to boost the market growth.

Light Curtain Sensors Market Graph

The market is segmented by end-user into electronics, food & beverages, manufacturing, automotive, defense, aerospace, pharmaceutical, and others, out of which, the manufacturing segment is anticipated to hold the notable share in the global light curtain sensors market over the forecast period on account of high number of accident cases involved in the manufacturing industries, backed by presence of heavy and complex machinery. More than 10% of all the fatalities caused due to workplace accidents, are caused in manufacturing industry. CLICK TO DOWNLOAD SAMPLE REPORT 

Major Macro-Economic Indicators Impacting the Market Growth

Research and Development Graph

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Light Curtain Sensors Market Regional Synopsis

On the basis of geographical analysis, the global light curtain sensors market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of presence of large share of manufacturing industries in the developing countries, backed by the low cost of raw material and cheap labor in these countries. Moreover, growing industrial development in India, China, Singapore, and Vietnam, is estimated to fuel the market growth.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the growing adoption of advanced technologies, and government concerns regarding the safety of workers. Moreover, presence of stringent labor laws in the region are estimated to boost the market growth.

Light Curtain Sensors Market Share Graph

The global light curtain sensors market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global light curtain sensors market includes the following segments:

By Component

  • InfraRed Transmitter
  • Receivers 
  • Others

By Application

  • Personnel Safety
  • Large Object Safety
  • Others

By End-User

  • Electronics
  • Food & Beverages
  • Manufacturing
  • Automotive
  • Defense
  • Aerospace
  • Pharmaceutical
  • Others

Growth Drivers

  • Growing Cases of Industrial Accidents
  • Increasing Adoption of Advanced Technology in Industries

Challenges

  • Requirement of Apt Maintenance
  • High Cost of Equipment

Top Featured Companies Dominating the Market

  • Omron Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Keyence Corporation
  • Sick AG
  • Panasonic Corporation
  • Leuze electronic Pvt. Ltd.
  • Rockwell Automation, Inc.
  • Pepperl+Fuchs SE
  • Banner Engineering Pvt. Ltd.
  • Schneider Electric SE
  • Datalogic S.p.A.

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