Safety Light Curtain Market by Component, Resolution, Application, Industry, and Geography - Global Forecast to 2025
The safety light curtain market size is expected to grow from USD 1.1 billion in 2019 to USD 1.6 billion by 2025, at a CAGR of 6.5% between 2019 and 2025. The major factors driving the growth of the market include the rise in Industry 4.0; the growing use of robots in the packaging industry; and mandatory safety regulations across industries.
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“Type 4 safety light curtain market to grow at higher CAGR during forecast period”
Type 4 safety light curtains are based on redundant automatic cross-checking architecture, which allows immediate failure detection with low response time. These curtains are designed, constructed, and tested on the basis of the definition set by the international standard—IEC 61496-1/-2. The applications of type 4 safety light curtains are determined on the basis of risk assessments.
“Healthcare industry to grow at highest CAGR in safety light curtain market during forecast period”
Safety light curtains safeguard machinery used in manufacturing plants of the healthcare industry and help isolate restricted areas. Developing countries such as India and China are investing heavily in the development of the healthcare industry, thereby indirectly fueling the growth of the safety light curtain market.
“APAC to account for largest share of safety light curtain market during forecast period”
APAC is expected to hold the largest share of the safety light curtain market during the forecast period. In APAC, safety light curtains are widely deployed in the automotive, semiconductors and electronics, food & beverage, and healthcare industries. Despite the low rate of adoption of these curtains in industries across India, the market for these curtains in the country is likely to dominate the market during the forecast period owing to the growing industrial sector, the increasing demand for automobiles, and the increasing use of electronic products.
Key Market Players
Keyence Corporation (Japan), Omron Corporation (Japan), Rockwell Automation, Inc. (US), SICK AG (Germany), Pepperl+Fuchs (Germany), Banner Engineering (US), Panasonic Corporation (Japan), Schneider Electric (France), Datalogic S.p.A. (Italy), Leuze Electronic (Germany), and Pilz GmbH & Co. KG (Germany) are among a few major players in the market.
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