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Global $597 Million Safety Sensors Market by Type, End-user Industry and Geography - Forecast to 2023 - ResearchAndMarkets.com

December 17, 2018

DUBLIN--(BUSINESS WIRE)--Dec 17, 2018--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). Stringent safety regulations by government and increasing automation are key drivers for the growth of the safety sensors market.

Key Highlights

Increased Demand from Mining Sector 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.

Topics Covered

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Technology Overview

6. Segmentation By Type

7. Segmentation By End-user Industry

8. Segmentation By Geography

9. Competitive Intelligence - Company Profiles

10. Investment Analysis

11. Future of the Market

Companies Profiled

Omron Corporation Rockwell Automation Keyence Corporation Banner Engineering Corporation ABB Limited Siemens AG Panasonic Electric Works Co. Ltd. Pepperl+Fuchs Pilz GmbH & Co. Autonics Corporation BEI Sensor Hans Turck GmbH & Co. KG Larco Schneider Electric Leuze electronic GmbH Pinnacle Systems, Inc. Balluff GmbH Contrinex

For more information about this report visit https://www.researchandmarkets.com/research/2bd75m/global_597?w=4

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Related Topics:Sensors

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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/17/2018 12:43 PM/DISC: 12/17/2018 12:43 PM

http://www.businesswire.com/news/home/20181217005658/en

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