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Light Curtain Sensors Market Projected to Grow at a CAGR of ~5.5% Throughout 2022 – 2030

Research Nester published a report titled “Light Curtain Sensors Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global light curtain sensors market in terms of market segmentation by components, application, end-user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global light curtain sensors market is anticipated to attain a CAGR of ~5.5% over the forecast period, i.e., 2022 – 2030. The market is segmented by end-user, into electronics, food & beverages, manufacturing, automotive, defense, aerospace, pharmaceutical, and others. Out of these segments, the manufacturing segment is projected to hold the notable market share over the forecast period, on the back of presence of heavy machinery and equipment, with higher risk of accidents. Moreover, the growing cases of work-place accidents in the manufacturing sector, is estimated to boost the market growth.  More than 50,000 fatalities are caused in manufacturing industry every year.

The global light curtain sensors market is estimated to grow on the back of rising cases of industrial accidents worldwide. According to the data by the International Labor Organization (ILO), over 2.3 million deaths are caused due to industrial accidents. Moreover, growing adoption of technology amongst various end-user industries, is estimated to boost the growth of the market over the years. Furthermore, growing concerns regarding the damage caused to machines by physical barriers is estimated to fuel the adoption of light curtain sensors.

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On the basis of geographical analysis, the global light curtain sensors 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 region is projected to witness noteworthy growth over the forecast period owing to the presence of large number of manufacturing companies in the developing countries, including, India, China, and Vietnam. The availability of cheap labor in these countries attracts foreign investment in the manufacturing industry. Moreover, the ongoing economic development in the APAC region is also estimated to boost the market growth in the region.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Adoption of Latest Technology to Boost the Market Growth

Light curtain sensors use infrared beam to create a protective sphere across the machine or object, to offer protection from accidents or damage. Earlier, mechanical barriers were used for this purpose, but light curtain sensors offer better, and more efficient protection. The growing adoption of advanced technologies, such as this, is estimated to boost the market growth.

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However, need for constant maintenance, and high product cost is expected to operate as key restraint to the growth of the global light curtain sensors market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global light curtain sensors market which includes company profiling of Keyence Corporation, Sick AG, Omron Corporation, Panasonic Corporation, Leuze electronic Pvt. Ltd., Rockwell Automation, Inc., Pepperl+Fuchs SE, Banner Engineering Pvt. Ltd., Schneider Electric SE, and Datalogic S.p.A. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global light curtain sensors market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.     

Curious about this latest version of report? Obtain Report Details @ https://www.researchnester.com/reports/light-curtain-sensors-market/3553

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