Light Curtain Sensor Market size is likely to register more than 5.5% CAGR during the forecast period i.e., between 2024-2036. Light curtain sensors are photo-electric devices used to protect heavy mechanical equipment and people around it. The growth of the market can be attributed to the growing requirement for safeguarding heavy machines, such as, presses and winders. Growing cases of industrial accidents are projected to fuel the market growth. According to the data by the International Labor Organization (ILO), over 2.3 million deaths are caused by work-related accidents. Around 340 million occupational accidents are caused annually. Using light curtain sensors, instead of physical barriers, reduces chances of accidents, damage to machinery, and amount of labor. These advantages of using light curtain sensors are estimated to drive the market growth. Moreover, growing adoption of advanced technology amongst various industry verticals is also estimated to boost the market growth.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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CAGR |
5.5% |
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Regional Scope |
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The market is segmented by end-user into electronics, food & beverages, manufacturing, automotive, defense, aerospace, pharmaceutical, and others, out of which, the manufacturing segment is anticipated to hold the notable share in the light curtain sensor market over the forecast period on account of high number of accident cases involved in the manufacturing industries, backed by presence of heavy and complex machinery. More than 10% of all the fatalities caused due to workplace accidents, are caused in manufacturing industry.
Our in-depth analysis of the global market includes the following segments:
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By Component |
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By Application |
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By End-User |
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On the basis of geographical analysis, the light curtain sensor market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific industry is set to account for largest revenue share by 2036, propelled by presence of large share of manufacturing industries, along with low cost of raw material and cheap labor in the developing countries. Moreover, growing industrial development in India, China, Singapore, and Vietnam, is estimated to fuel the market growth.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the growing adoption of advanced technologies, and government concerns regarding the safety of workers. Moreover, presence of stringent labor laws in the region are estimated to boost the light curtain sensor market growth.
February 2021: Datalogic S.p.A. announced the acquisition of M.D. Micro Detectors S.p.A. to expand its portfolio in sensors and detectors globally.
November 2020: Leuze electronic Pvt. Ltd. announced as the top producer of optical sensors in 2020, by the WML index.
Author Credits: Abhishek Verma
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