Machine Safety Market - By Component (Relay, Two-hand Control Devices, Emergency Stop Devices, Presence Sensing Sensors, Switches), By Application (Assembly, Robotics, Packaging, Material Handling, Metal Working) By End Use, Forecast 2023 – 2032

Machine Safety Market - By Component (Relay, Two-hand Control Devices, Emergency Stop Devices, Presence Sensing Sensors, Switches), By Application (Assembly, Robotics, Packaging, Material Handling, Metal Working) By End Use, Forecast 2023 – 2032

Machine Safety Market Size

Machine Safety Market size was valued at over USD 5.5 billion in 2022 and is set to grow at a CAGR of over 6% between 2023 and 2032. The rising number of industrial accidents and work-related injuries has demonstrated the importance of machine safety. Companies are increasingly investing in safety measures to protect employees and prevent injuries. This focus on worker safety is driving the demand for machine safety solutions.

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The machinery safety industry refers to a business that provides solutions & services to ensure the safety of workers as well as guarantee the efficient operation of machinery & equipment. It includes various equipment & technologies designed to prevent accidents, injuries, and equipment damage.
 

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Lack of knowledge and understanding of machine safety can hinder the growth of the market. Many businesses, especially small and medium enterprises (SMEs), may not be aware of the importance of security systems and existing security solutions. Lack of knowledge of security policies and practices can lead to inadequate or incompatible security measures. However, raising awareness and providing education and training can help overcome this limitation.

COVID-19 Impact

The COVID-19 pandemic impacted many markets including the machine safety market in 2020. The industry relies on a global supply chain for components and equipment. The pandemic disrupted supply chains, leading to delivery delays of machine safety products. Manufacturing & distribution challenges affected the availability and timely deployment of machine safety solutions. Industries including automobiles, aviation, and construction that were heavily affected by the pandemic witnessed hindrances in the use of safety systems due to disruptions in their operations. Uncertainties in the market demand also affected the machine safety industry growth during the COVID-19 period.

Machine Safety Market Trends

The rapid adoption of automation & robotics across industries is creating new safety challenges. In an automated environment where machines and humans interact, it is important to ensure worker safety. The integration of advanced safety systems ensures the safety of human-machine cooperation and prevents accidents. Technological advancements have revolutionized the machine safety industry. Innovations including advanced sensors, security controllers, and machine learning algorithms have improved security measures. New technologies drive innovations in technology security solutions by enhancing hazard detection, risk assessment, and real-time monitoring capabilities. The implementation of machine safety measures can help organizations in reducing the costs associated with workplace accidents, medical bills, litigations, and lost productivity. By preventing accidents and increasing work efficiency, companies can save costs and increase the overall profitability.

Machine Safety Market Analysis

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Based on implementation, the machine safety market is segmented into individual and embedded. The individual segment is expected to grow at a fastest rate at over 8% CAGR during the forecast period. The individual components segment includes various products & technologies that are essential for ensuring machine safety. Safety sensors play a critical role in detecting potential hazards and initiating safety measures. These sensors can detect presence, movement, proximity, light, or other parameters, thus aiding in the monitoring of the machine's operating environment. The rise in industrial automation is propelling the use of safety sensors. As machines and humans work in proximity, safety sensors help in detecting the presence of operators or objects in the machine's vicinity, triggering appropriate safety responses.

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Based on components, the market is segmented into safety relay, two-hand control devices, emergency stop devices, presence sensing safety sensors, safety interlock switches, programmable safety application, and other components. Presence sensing safety sensors segment is expected to grow at a CAGR of around 10% during the market share. The presence sensing safety sensors segment includes equipment that require the use of both hands during operations. These devices are designed to ensure operator safety as well as prevent incorrect operations of the machine or equipment. Two-hand controls prevent illegal operations or machine malfunctions. The need for two-hand cooperation limits access to control systems and prevents bad behavior such as entering the work area or bypassing security measures. This feature ensures operational safety and prevents unauthorized machine usage.

Based on end use, the machine safety market is segmented into oil & gas, aerospace, semiconductor & electronics, food & beverages, automotive, healthcare, and others. Food & beverages segment is expected to reach over USD 1 billion in 2022. The food and beverage industry are heavily regulated to ensure consumer safety and quality. Strict regulations are in place to prevent contamination, maintain hygiene standards and protect workers from hazards. Compliance with regulations such as HACCP (Hazard Analysis and Critical Control Points), FDA regulations and food safety standards drives the use of machine safety technology in these operations. In addition, Machine safety measures also help maintain product quality and quality in the food and beverage industry. Good machine protection, safety protection, and infection prevention help prevent the spread of foreign objects, allergic reactions, and other problems that can affect food safety and reputation.

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Asia Pacific machine safety market held the significant market share of over 17% in 2022 and is expected to grow at a CAGR of over 9.5% by 2032. The region encompassing countries such as China and India are witnessing exponential growth in trade & production, especially in industries including automobile, electronics, chemicals, and machinery. These industries require high levels of safety and should also comply with regulations to keep their workers safe. The growing concerns about worker safety in these industries is driving the demand for machine safety solutions. Furthermore, Asia Pacific is witnessing a wide adoption of automation & robotics in various industries. Security systems including security sensors, locks, and security controls are essential for maintaining security in automated environments. In addition, the focus on risk assessment & compliance will also drive the adoption of machine safety solutions in the region.

Machine Safety Market Share

Major companies operating in the machine safety market include

• ABB
• Banner Engineering
• Honeywell International Inc
• IDEC Corporation
• ISE Controls
• KEYENCE CORPORATION
• Mitsubishi Electric Corporation
• OMRON Corporation
• Pepperl+Fuchs
• Pilz GmbH & Co. KG
• Rockwell Automation Inc.
• Schneider Electric
• SICK AG
• Siemens AG
• Emerson Electric Co.

Machine Safety Industry News

• In May 2022, MercuryGate International, Inc. (MercuryGate), a leading independent Transportation Management System (TMS) provider, partnered with Amazon Freight, an Amazon-powered freight transportation service, to provide shippers access to Amazon Freight’s reliable network & competitive dynamic rates through the MercuryGate platform.

The machine safety market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments

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By Implementation

• Individual
• Embedded

By Component

• Safety relay
• Two-hand control devices
• Emergency stop devices
• Push Buttons
• Rope Pull Buttons 
• Presence sensing safety sensors
• Safety Edges
• Laser Scanners
• Safety Light Curtains
• Safety Mats
• Optoelectronic
• RADAR
• SONAR
• Safety interlock switches
• Programmable safety application
• Other components

By Application

• Assembly
• Robotics
• Packaging
• Material handling
• Metal working
• Others

By End Use

• Oil & gas
• Aerospace
• Semiconductor & electronics
• Food & beverages
• Automotive
• Healthcare
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • ANZ
  • Singapore
• Latin America
  • Brazil
  • Mexico
• MEA
  • Saudi Arabia
  • UAE
  • South Africa