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Global Safety Sensors Market to Reach $5.23B by 2020
July 2, 2015 | PRNewswireEstimated reading time: 2 minutes
Mordor Intelligence presents their Global Safety Sensors Market report segmented by Sensor Type (Accelerometers, Biosensors, Image Sensors, Motion Detectors) - By Industry - By Geographical Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - discussing Industry Value Chain Analysis, Porter's 5 Force Analysis, Drivers, Restraints, Vendor Profiles, Global Market Size, Forecasts & Analysis (2014-2020). This report focuses on providing useful information with extensive technical, market-oriented, and commercial study of Global Safety Sensor Market.
The growing awareness among workers and stakeholders due to media interest, public attention and growth of social media platforms has resulted in stringent safety regulation by government and other social agencies. This has created a need for new innovations and solutions to tackle traditional and new and emerging risks.
Mordor Intelligence estimates the Global Safety Sensors Market to be $4.28 billion in 2015 and would reach $5.23 billion by 2020 growing at a CAGR of 4.09% Global Safety Sensors Market during the forecasted period 2014-2020.
Over the past decade there has been a rapid shift of industries such as manufacturing, construction and mining into the Asia. This shift caught the eye of the media; in addition it also brought the radical attention highlighting the hazardous working conditions which lead to the development of stringent safety regulation concerning the safety of the workers in the region. These changes along with the growing maturity of the management will help the substantial growth of Safety Sensors Market in the region. It is estimated that Asia Pacific to lead the market over the period 2014-2020 as the market continues to mature.
The growing trend in miniaturisation and dropping semiconductor prices and the desire to implementing smart factory technologies has opened a newer and fresher market for Safety Sensors industry. In addition Innovation in Automotive Safety will drive the Global Safety Sensors Market. However, high initial investment and false alarm problem will hold the market from growing.
The report includes the market estimates by Type of Sensors - Accelerometers (Capacitive, Piezoelectric, Piezoresistive, Hall Effect, Magnetoresistive, Heat Transfer, and MEMS), Biosensors (BOD Sensor, Methane Biosensor, and Microbial Biosensor), Image Sensors (CCD Image Sensor, CMOS Image Sensor), and Motion Detectors (Passive Infrared, Microwave, and Dual Technology). The report provides an in-depth analysis of the Global Safety Sensors Market across different Geographical regions namely North America, Europe, Asia Pacific, Latin America, Middle East and Africa (MEA) in addition to further segment country-wise under each region. The Global Safety Sensors Market in the report is also segmented on the basis of Industry verticals such as Manufacturing, Oil and Gas, Construction, Healthcare, Defence, Energy, Food & Beverage, Travel and Transportation/Logistics, among others.
Some of the companies in this market such as Omron Corporation, Allen-Bradley, Keyence Corporation, Delphi, Banner Engineering Corporation, ABB Limited, Siemens, Baumer Limited, Panasonic Electric Works Europe AG, SICK AG, Pepperl+Fuchs, Vickers-Warnick Corporation, Pilz, AMETEK Factory Automation and others have been covered and their strategies analysed.
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm offering in-depth market analysis reports and consulting services.
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