MARKET OVERVIEW:The global safety sensors market is projected to experience significant growth, reaching USD 3.31 billion by 2033 from USD 1.97 billion in 2024, driven by a robust CAGR of 5.61%. This market expansion is largely fueled by increasing industrial automation, stringent workplace safety regulations, and rising demand for advanced safety solutions across industries like automotive and manufacturing. IoT-enabled safety sensors and a growing focus on reducing workplace hazards are also key factors contributing to this growth.
STUDY ASSUMPTION YEARS:
BASE YEAR: 2024
HISTORICAL YEAR: 2019-2024
FORECAST YEAR: 2025-2033
SAFETY SENSORS MARKET KEY TAKEAWAYS:
Market size valued at USD 1.97 billion in 2024, projected to reach USD 3.31 billion by 2033, growing at a CAGR of 5.61%.
Increasing industrial automation and strict workplace safety regulations are key drivers.
Adoption of IoT-enabled safety sensors enhancing real-time monitoring.
Growing demand in the automotive sector for ADAS and collision avoidance systems.
Asia Pacific is the leading region with over 35.6% market share in 2024.
Safety light curtains and proximity sensors are key market segments.
Key Players:
ABB Ltd
Autonics Corporation
Balluff GmbH
Banner Engineering Corporation
Contrinex AG
Keyence Corporation
Leuze electronic GmbH + Co. KG
Omron Corporation
Panasonic Corporation
Pilz GmbH & Co. KG
Rockwell Automation Inc.
Schneider Electric SE.
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