The future of the global safety light curtain market looks promising with opportunities in the packaging, material handling, robotic, and assembly markets. The global safety light curtain market is expected to reach an estimated $1.6 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major driver for this market are the growing demand for automation technology so as to perfrom repetitive tasks, rapid expansion of ecommerce industry, and stringent workplace safety regulations.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the global safety light
curtain market by safety level type (type 1 and type 2), resolution (9−24mm,
25−90mm, and more than 90mm), application (packaging, material handling,
robotics, assembly, and other applications), end use industry (automotive,
semiconductor & electronics, food & beverage, healthcare, and other
industries), and region (North America, Europe, Asia Pacific, and the Rest of
the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, 9−24mm,
25−90mm, and more than 90mm are the major segments of the safety light curtain
market by resolution. Lucintel forecasts that 25−90mm segment is expected to
witness the highest growth over the forecast period.Within this market,
robotics is expected to witness the highest growth.
APAC is expected to
witness highest growth over the forecast period.
Omron, Keyence, Sick,
Rockwell Automation, Pepperl+Funch, Panasonic, Schneider Electric, Datalogic,
Banner Engineering, and Balluff are the major suppliers in the safety light
curtain market.
About Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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