According to the new market research report by IndustryARC titled “Safety Sensors and Switches Market: By Types (Thru Beam Sensors, Light Grid, Safety Light Curtains, Others) Safety Switches (Inductive Switches, Position Switches, Others) Command Devices (Enabling Switches, Push Buttons, Others) By Components, End Use Verticals & Applications – Forecast (2018-2023)", the market is driven by the increasing demand from end-user verticals, especially from manufacturing industries such as automotive, food and beverages, pharmaceutical, paper and pulp, chemical, aerospace and so on.
The report covers Safety Sensors and Switches Market size by type and applications, Safety Sensors and Switches Market share by top 5 companies and also the market share by start-ups during the forecast period.View Full Table of Contents of Safety Sensors and Switches Market:https://www.industryarc.com/Report/121/Safety-Sensors-Market.htmlReport Price (Single User): US $3850Europe held the largest market share in the Safety Sensors and Switches MarketThe European region holds the largest market share and growth in the Safety Sensors and Switches Market, and is anticipated to reach $1.45 billion by 2023 at a CAGR of 2.00%.
Europe’s major share in Safety Switches and Sensors Market is due to its dominance in automotive and automation sector.
The most used safety sensors and switches in this region are safety light curtains, Anti-collision sensors, laser scanners and safety interlocks and safety PLC’s.Selected Value Chain Analysis done in the full report:The components such as Infrared sensors, proximity sensors, laser sensors, ultrasonic sensors and so on are provided to original equipment manufacturers (OEM) by component manufactures.
The original equipment such as safety light curtains, safety laser scanners, safety mats, safety interlocks and so on are designed, produced and assembled using the raw materials and components.The equipment is then sent to global distributors followed by regional distributors and finally reaches end-user verticals.
The major end-user industries for this market include manufacturing industries such as automotive, food and beverages, pharmaceuticals, paper and pulp, chemical, aerospace and so on.Excerpts on Market Growth Factors:The stringent safety requirements to protect labor in manufacturing industries works as one of the major driver that propels the market.