Safety Sensors

Safety Sensors

Global Safety Sensors Market to Reach $655.1 Million by 2027

In the changed post COVID-19 business landscape, the global market for Safety Sensors estimated at US$530 Million in the year 2020, is projected to reach a revised size of US$655.1 Million by 2027, growing at a CAGR of 3.1% over the analysis period 2020-2027. Safety Light Curtains, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$240.2 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Safety Laser Scanners segment is readjusted to a revised 3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $145.3 Million, While China is Forecast to Grow at 5.2% CAGR

The Safety Sensors market in the U.S. is estimated at US$145.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$124.6 Million by the year 2027 trailing a CAGR of 5.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$82.3 Million by the year 2027.

Safety Mats Segment to Record 2.5% CAGR

In the global Safety Mats segment, USA, Canada, Japan, China and Europe will drive the 2.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$64.3 Million in the year 2020 will reach a projected size of US$75.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 2.6% CAGR through the analysis period.

Select Competitors (Total 62 Featured) -

• ABB Group
• Autonics Corporation
• Balluff GmbH
• Banner Engineering Corporation
• BEI Sensors
• Contrinex AG
• Hans Turck GmbH & Co. KG
• Keyence Corporation
• Larco
• Leuze Electronic GmbH + Co. KG
• Omron Corporation
• Panasonic Electric Works Europe AG
• Pepperl+Fuchs GmbH
• Pilz GmbH & Co. KG
• Pinnacle Systems Inc.
• Rockwell Automation, Inc.
• Schneider Electric SA
• SICK AG
• Siemens AG

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