Machine Safety Market
                     Market Highlights 
Machines are getting used in several industries for various applications right from robotics to 
packaging. Although the system provides advanced level of precision but sometimes the safety it 
provides, gets compromised. Often, along such malfunctioning, these machines cause certain fatal 
accidents. Such cases build up hindrances in work area. To come out of that, companies are 
integrating several models to assure their workers of the working conditions. The global machine 
safety market is all set to pave a path for itself at 6.88% CAGR during the forecast period (2018-
2023). Market Research Future (MRFR) claims a probability of the crossing USD 6.48 billion 
valuation market for the machine safety market by the end of 2023.  
Rising accidents, intention to look after workers to increase workflow, better technical 
advancement, high investment in safety technologies, and others are several factors with high 
probability to push the global machine safety market ahead.  
Segmentation: 
The machine safety market has been segmented by MRFR into component, implementation, 
application, and industry for a close reading of the market. These segments are ripe with factual 
figures that have been received from volume-wise and value-wise analysis.  
Based on the component, this machine safety market can be segmented into programmable safety 
systems, presence-sensing safety sensors, safety interlock switches, emergency stop devices, safety 
controllers/ modules/relays, and two-hand safety controls.  
Based on the implementation, this machine safety market comprises individual components and 
embedded components. 
Based on the application, the machine safety market consists assembly, robotics, material handling, 
packaging, metalworking, and others. Robotics and packaging segments are having substantial 
implementation of this technology. 
Based on the industry, the machine safety market encompasses aerospace, oil & gas, chemicals, 
healthcare, food & beverages, automotive, semiconductor & electronics, and others. The aerospace 
segment took considerable steps in this regard to improve their work atmosphere. The chemical 
industry is having a great run as exposure to harmful chemicals can impact lives. Companies have 
started integrating technologies that is bound to trigger the machine safety market growth.  
Regional Analysis: 
North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) are regions in which the 
global machine safety market has been segmented by MRFR for a better grasp over the entire 
market. 
Europe takes labor rights pretty seriously. That is why the region is witnessing a constant influx of 
advanced technologies. Strict guidelines have ensured better safety measures inclusion across 
industries, which can spur the growth of the global market. The regional market has the potential to 
dominate the market in the coming years as well. Automation is expected to play big in this 
revamping. The Machinery Directive 2006/45/EU of the Europe supports a harmonization in the 
work ambience with a combination of safety and health requirements. Companies, across verticals, 
have to adhere to this directive.  
North America has the second biggest market with several companies backing up the production of 
necessary equipment and bolstering growth of the machine safety market. The APAC market is all 
set to be the fastest growing region of this segment as several countries are revamping their 
working models to create more assuring work culture. It is also getting thrust from the 
international bodies for better work ambience. 
Competitive Dashboard: 
Several companies are investing remarkably to get their positions cemented in the global machine 
safety market. They are implementing various strategies to initiate better growth plan and impact 
their own profit. Their efforts are also boring fruit for the market as a whole. These companies are 
ABB (Switzerland), Rockwell (US), Honeywell (US), Schneider (France), SICK (Germany), Omron 
(Japan), Keyence (Japan), Mitsubishi Electric (Japan), Banner Engineering (US), Pilz (Germany), 
IDEC Corporation (Japan), Phoenix Contact (Germany), Pepperl + Fuchs (Germany), Euchner 
(Germany), and Datalogic (Italy). MRFR recorded their names in the recent report to have latest 
trends analyzed. 
In July 2019, researchers from the U.S. Naval Research Laboratory developed powerful lasers from 
nano-particles that are safe for eyes.