Global Safety Sensors and Switches Market to Benefit from Increased Usage in Automobiles

The global Safety Sensors and Switches Market, covering switches and sensors used for monitoring the presence or absence of foreign objects or disturbances within a specific radar, has witnessed expansion at a promising pace in the past few years. The rising demand for improving safety measures in workplaces, owing to rising focus of enterprises and rise in stringent government regulations pertaining to the same are aiding the growth of the market. Additionally, the market is benefitting from the thriving expansion of industries such as manufacturing, healthcare, and construction.

Increased Demand for Safe and Comfortable Vehicles to Drive Market
In the next few years, the market is likely to gain immensely from the automotive industry as the industry goes through a phase of transformation due to strict emission control norms, fuel efficiency standards, and commuter safety standards. Regulatory authorities in China, for instance, are advocating that OEMs in the country, beginning 2019, start the use of smart tire pressure measuring sensors in all new vehicles.

Changing consumer preferences are promoting the usage of night vision, radar sensors, adaptive cruise control systems, smart tire pressure monitoring systems, advanced driver assistance systems, and hybrid vehicle systems. With the view of transforming in accordance to the rapidly changing emission norms and consumer preferences, automakers are consciously making an increased use of sensors that could help vehicles conform to the numerous norms. It is believed that in the next few years, the top-line growth of safety sensors and switches companies will be largely driven due to the rising demand for vehicles that ensure maximum safety and comfort for commuters.

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With a number of passenger as well as commercial vehicles increasingly boasting the presence of a variety of safety sensors and switches, companies in the market are focusing more on research and development activities to improve their product portfolios and strengthen their consumer bases. These continuous development of technologically advanced smart sensors and switches is also expected to drive the market.

Increased Adoption of Automation Technologies in Industrial Sector to Drive Market
The market for safety sensors and switches is also expected to benefit massively from the rising adoption of automation technologies across a large number of industries. As sensors play a crucial role in automation, the overall rise in demand for automation technologies is likely to fuel the demand for safety sensors and switches in the next few years. Furthermore, the increased focus on the use of sensors to ensure the safety of machines and equipment in manufacturing and industrial applications so as to prevent their early wear and tear and damage is also expected to work in favor of the market.

However, certain factors such as the high the installation costs as well as the high base cost of safety sensors could restrain for the market to a certain extent in the next few years. Moreover, the possibility that sensors can malfunction by giving false indications as safety sensors are automated in nature, thus leading to confusion at the workplace, could also hinder the market to a certain extent.

Automakers Exhibit High Demand for Safety Sensors and Switches

San Francisco, California, July 03, 2017: The rising demand from the automotive sector is expected to remain key to growth witnessed in the global safety sensors and switches market over the forthcoming years. In a report, titled “Safety Sensors and Switches Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 – 2025,” TMR Research provides an all-encompassing narrative of various factors supporting the market’s growth. It also presents a detailed analysis of various challenges posing threat. Information thus compiled in the report is obtained from trusted industrial sources and is intended at enabling stakeholders get a comprehensive overview of the global safety sensors and switches market.

Stricter emission control norms, coupled with the rising demand for vehicle safety, has spade the automotive industry’s transition toward advanced technologies. In a bid to keep pace with the dynamic business environment and consumer preferences, automotive manufacturers are keener than ever to offer advanced safety features in vehicles they produce. Against this backdrop, the demand for safety sensors and switches has considerably increased.

In the coming years, TMR Research forecasts that the companies at the market’s fore will be driven by the rising use of safety sensors and switches in private and public vehicles. The steady growth in automotive production worldwide will therefore help the market exhibit strong growth through the forecast period. Besides this, technological advancements will come to the market’s benefit. Also the rising demand for additional safety features in vehicles among consumers has led to the increased uptake of sensors and switches in the automotive industry. This in turn gives significant impetus to the global safety sensors and switches market.

Besides the automotive industry, the market is witnessing high demand from aerospace, pharmaceutical, oil & gas, semiconductor, mining, and food & beverages industries. Considering the rising opportunities, the pace of gains witnessed in the global safety sensors and switches market is expected to remain high. Because the aforementioned industries use heavy machineries, the demand for advanced security measures is quite high to safeguard their workers and capital against potential hazards. This is translated into lucrative sales prospects for enterprises operating in the market.

Regionally, North America, Europe, APAC, and Rest of the World constitute the key segments in the global safety sensors and switches market. Among these, APAC held dominance in the global market. Overall the market is expected to witness more lucrative opportunities in emerging nations such as India, Brazil, China, and other nations in Latin America. In addition, the market will continue benefiting from the rising disposable income of people living in emerging nations, besides urbanization witnessed in there.

Some of the most prominent companies operating in the global safety sensors and switches market are Rockwell Automation, KG, Pepperl+Fuchs GmbH, K.A. Schmersal GmbH & Co., Omron Corp., and others.