Market Trends of Safety Light Curtain Industry
This section covers the major market trends shaping the Safety Light Curtain Market according to our research experts:
Automotive Sector to Hold a Significant Market Share
- The automotive sector will experience significant growth in the forecast period due to growing construction of a smart factory that relies on smart manufacturing by employing technology such as artificial intelligence (AI), robotics, analytics, big data and the internet of things (IoT) and can run largely autonomously with the ability to self-correct. A smart factory is an important outcome of Industry 4.0.
- According to Capgemini’s Smart factories 2019 report, most organizations are progressing their smart factory initiatives and one-third of factories have already been transformed into smart facilities. They also plan to make 40% more smart factories in the next five years and increase their annual investments by 1.7 times compared to the last three years. This will open up new opportunities for the safety light curtains in the future.
- As the automotive factories' floor is always busy and bustling with robots and equipment there is a huge risk on the health and safety of workers. Thousands of pounds of metal hanging above workers, sharp tools in use, and repetitive motions a mainstay technique, clearly demands proper systems to prevent some of the more foreseeable incidents. The most common reported injuries in automotive factories were sprains (39% of the total), lacerations (22%), and contusions (15%).
- Due to rapid growth of automotive sector, key vendors are developing devices with a programmable logic controller (PLC) to operate as a safety alert device that opens possibilities of real-time data monitoring and alarms of a human breach to an unsafe machine area and will aid in reduction of industrial accidents and fatalities. For instance, Panasonic launched the SF4D safety light curtain series. It has a slim and robust body with a new optical system for easy beam alignment and IO-Link communication for safety light curtains. The IO-Link communication unit SFD-WL3 can be integrated into the existing SF4D safety light curtain configuration and allows storage and restoration of setting data and observation of functionality during operation.
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Asia-Pacific Will Experience Significant Growth
- Surging mortality rate due to occupational hazards in developing countries of Asia Pacific region and reinforcement of industry 4.0 due to technological advancements are the primary factors that will boost the demand for safety light curtains devices.
- According to the International Labour Organization (ILO), more than 1.1 people die from occupational accidents or work-related diseases in the Asia Pacific every year. This is due to the poor attention paid to the safety measures of the workforce by the manufacturing companies. Governments, worker, employers are now increasing their efforts to prevent accidents and diseases in the workplace. The ILO is also trying to strengthen national occupational safety and health (OSH) systems through labour inspections, occupational injury reporting, training and information, and national OSH campaigns which have created the awareness as well as forced manufacturing companies to implement safety instruments in the vicinity and provide efficient training to employees beforehand.
- The packaging industry which runs on huge machines is blossoming in Asian countries due to growing population and income levels. According to the Indian Institute of Packaging, packaging industry in India is anticipated to reach USD 73.6 billion by 2020 and it is predicted to grow at the rate 18% annually with flexible packaging at 25% and rigid packaging at 15%. It is expected to drive the growth of the market in the future.
- The COVID-19 pandemic has affected most to the manufacturing industry due to the lockdown of almost all the facilities across the globe. Asian countries are more stringent regarding temporary closing down their borders that will hamper the growth of the market. Prices of the safety light curtains are expected to rise due to disruption in raw material supply chain as most of the Asian countries have shut down their borders to prevent the spread of COVID-19.
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