Machine Safety Market

Machine Safety Market

Machine Safety Market Forecasts to 2030 - Global Analysis By Implementation (Embedded Components and Individual Components), Component, Industry and By Geography

4.4 (69 reviews)
4.4 (69 reviews)
Published: 2023 ID: SMRC23621

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2023)

US $5.2BN

Projected Year Value (2030)

US $8.7 BN

CAGR (2023 - 2030)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market


According to Stratistics MRC, the Global Machine Safety Market is accounted for $5.2 billion in 2023 and is expected to reach $8.7 billion by 2030 growing at a CAGR of 7.6% during the forecast period. Machine safety is especially important in industries like manufacturing, construction, and mining that require strong machinery. Employers may help prevent accidents and injuries, protect their employees, and reduce the likelihood that accidents or injuries result in losses for the business by putting in place the right safety measures and processes. This takes care of expenses like workers' compensation claims, medical expenses, and lost productivity, damage to property and equipment, as well as lawyer fees and judgements from court proceedings or legal action.

According to a global survey by The Economist Intelligence Unit, about 90% of corporate executives felt that artificial intelligence (AI) will have a positive impact on a company’s growth and 86% of respondents considered that AI will help improve productivity.

Market Dynamics:


Impact of IoT and Industry 4.0

The emergence of Industry 4.0 and the growing use of the Internet of Things (IoT) are propelling the market's expansion. A greater degree of interconnection and automation are brought about by the fourth industrial revolution and new developments in manufacturing technology related to automation and data transmission. IoT-enabled safety systems can quickly identify anomalies or possible safety issues and launch preventative measures. As a result, the market is experiencing profitable growth possibilities due to the integration of IoT in machine safety to enable more sophisticated, effective, and dependable safety solutions.


Design challenges for machine safety

Machine technology improvements can be very beneficial, but they also present risks to machine safety. It becomes harder to verify that machines are working securely as they get more sophisticated and frequently more complex. It is more difficult to incorporate safety elements into the machine design because many modern machines depend on intricate systems and software to function. Generally speaking, the industry stakeholders and safety regulators must work together to conduct ongoing research, innovate, and handle the issues that the continual technology advancements provide for machine safety industry suppliers.


Increasing demand for smart safety solutions

Smart safety solutions are becoming more and more in demand. More customers are requesting real-time monitoring of equipment as they look into novel ways to improve safety. With an emphasis on reducing downtime and raising productivity, modern industrial machinery needs to be flexible and responsive. This seamless connection emphasises improved visibility into the safety system as sensor technology and automation systems combine to change how performance and stoppages are monitored. This signifies a shift in the proactive from the reactive approach to machine safety.


Huge investment needed to install

Installing machine safety systems is necessary to protect staff, equipment, and production lines in an emergency. However, the organization's budget is severely burdened by the installation, upkeep, and repair expenditures of machine safety components. It can be challenging for small and mid-sized organisations to handle these costs, despite the fact that large organisations can. Furthermore, regulatory standards must be met by industrial safety. Industrial safety system installation and upkeep come at a significant financial cost, which limits market expansion.

Covid-19 Impact

The COVID-19 epidemic has had a conflicting effect on the machine safety industry. While delays in product delivery and a decline in demand in some industries, such as the automotive and aerospace sectors, have been brought on by global supply chain disruptions, the need for safety solutions in the healthcare and pharmaceutical sectors has increased. The epidemic has expedited the adoption of technology like automation and the IIoT, opening up potential business prospects. The pandemic's focus on worker safety and business continuity has spurred investment in cutting-edge safety solutions, which has further increased demand for machine safety goods.

The individual components segment is expected to be the largest during the forecast period

The individual components segment is estimated to have a lucrative growth. The segment features a variety of goods & innovations that are crucial for guaranteeing machine security. Safety sensors are essential for spotting possible dangers and starting safety procedures. These sensors help to monitor the machine's operational environment by detecting presence, movement, proximity, light, and other characteristics. The use of safety sensors is being driven by the increase in industrial automation.

The presence sensing safety sensors segment is expected to have the highest CAGR during the forecast period

The presence sensing safety sensors segment is anticipated to witness the fastest CAGR growth during the forecast period. These gadgets are made to protect user safety and stop equipment or machinery from being operated improperly. Two-handed controls stop unauthorised actions or equipment faults. Collaboration between two hands is required, which restricts access to control systems and deters undesirable behaviour like accessing the work area or getting over security measures. This function guarantees machine security and prohibits unauthorised machine use.

Region with Largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to rapidly expanding manufacturing industry and a government that is actively working to improve workplace safety. Additionally, the country's machine safety market has experienced significant expansion as a result of the steady advancement of technical safety requirements, ongoing enhancement of personal safety awareness, and gradual participation of the state and businesses in market promotion.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the increased demand for advanced machine safety solutions across various sectors. The demand for machine safety solutions is being fueled in part by increased worker safety awareness and the adoption of Industry 4.0 technology. The availability and use of machinery that doesn't adhere to the legal criteria are restricted by the safety regulations and guidelines in the area.

Key players in the market

Some of the key players profiled in the Machine Safety Market include Emerson Electric Co., Rockwell Automation, Inc., General Electric Co., Honeywell International Inc., Schneider Electric SE, Yokogawa Electric Corp., ABB Ltd., Omron Corporation, Siemens AG, Mitsubishi Electric Corporation, B&R Automation, Keyence Corporation, Hima, IDEC Corporation, Sick AG, Banner Engineering and Pilz GmbH & Co. KG.

Key Developments:

In June 2023, Banner Engineering Corp. introduces the ZMX series 3D time of flight sensor that provides a single sensor for volume monitoring.

In April 2023, Siemens and Microsoft are leveraging the collaborative power of generative artificial intelligence (AI) to assist industrial companies in driving innovation and efficiency throughout the product design, engineering, manufacturing, and operational lifecycle.

In April 2023, Emerson will exhibit advanced, discrete automation solutions, from the factory floor to the cloud, at Hannover Messe. Visitors to Hall 6, Stand C57 can view the Discrete Automation portfolio of ASCO, AVENTICS, Branson, Movicon, PACEdge and PACSystems, as well as CoreTigo solutions.

In April 2022, Mitsubishi Electric Corporation launched a new digital cockpit, Inca Jay, that showcases a suite of technologies for Advanced Driver Assistance Systems (ADAS), cabin safety and enhanced User Experience (UX), that will shape the future of connectivity and usability in vehicles.

Implementations Covered:
• Embedded Components
• Individual Components

Components Covered:
• Safety Interlock Switches
• Emergency Stop Controls
• Presence Sensing Safety Sensors
• Programmable Safety Applications
• Two-hand Safety Controls
• Safety Controller/Modules/Relays
• Other Components

Industries Covered:
• Process Industry
• Discrete Industry
• Other Industries

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Emerging Markets
3.7 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Machine Safety Market, By Implementation
5.1 Introduction
5.2 Embedded Components
5.3 Individual Components

6 Global Machine Safety Market, By Component
6.1 Introduction
6.2 Safety Interlock Switches
6.2.1 Tongue Interlock Switches
6.2.2 Trapped Key Interlock Switches
6.2.3 Electromechanical
6.2.4 Non-contact Interlock Switches
6.2.5 Hinge Pins
6.2.6 Limit Switches
6.3 Emergency Stop Controls
6.3.1 Rope Pull Buttons
6.3.2 Push Buttons
6.4 Presence Sensing Safety Sensors
6.4.1 Safety Camera Systems
6.4.2 Safety Light Curtains Control units Displays Light-emitting diodes (LEDs) Photoelectric cells Enclosures
6.4.3 Safety Mats
6.4.4 Safety Edges
6.4.5 Laser Scanners
6.5 Programmable Safety Applications
6.6 Two-hand Safety Controls
6.7 Safety Controller/Modules/Relays
6.8 Other Components

7 Global Machine Safety Market, By Industry
7.1 Introduction
7.2 Process Industry
7.2.1 Power Generation
7.2.2 Food & Beverage
7.2.3 Chemical
7.2.4 Metal & Mining
7.2.5 Pharmaceutical
7.2.6 Other Process Industries
7.3 Discrete Industry
7.3.1 Semiconductor & Electronics
7.3.2 Aerospace
7.3.3 Automotive
7.3.4 Other Discrete Industries
7.4 Other Industries

8 Global Machine Safety Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 Emerson Electric Co.
10.2 Rockwell Automation, Inc.
10.3 General Electric Co.
10.4 Honeywell International Inc.
10.5 Schneider Electric SE
10.6 Yokogawa Electric Corp.
10.7 ABB Ltd.
10.8 Omron Corporation
10.9 Siemens AG
10.10 Mitsubishi Electric Corporation
10.11 B&R Automation
10.12 Keyence Corporation
10.13 Hima
10.14 IDEC Corporation
10.15 Sick AG
10.16 Banner Engineering
10.17 Pilz GmbH & Co. KG

List of Tables
1 Global Machine Safety Market Outlook, By Region (2021-2030) ($MN)
2 Global Machine Safety Market Outlook, By Implementation (2021-2030) ($MN)
3 Global Machine Safety Market Outlook, By Embedded Components (2021-2030) ($MN)
4 Global Machine Safety Market Outlook, By Individual Components (2021-2030) ($MN)
5 Global Machine Safety Market Outlook, By Component (2021-2030) ($MN)
6 Global Machine Safety Market Outlook, By Safety Interlock Switches (2021-2030) ($MN)
7 Global Machine Safety Market Outlook, By Tongue Interlock Switches (2021-2030) ($MN)
8 Global Machine Safety Market Outlook, By Trapped Key Interlock Switches (2021-2030) ($MN)
9 Global Machine Safety Market Outlook, By Electromechanical (2021-2030) ($MN)
10 Global Machine Safety Market Outlook, By Non-contact Interlock Switches (2021-2030) ($MN)
11 Global Machine Safety Market Outlook, By Hinge Pins (2021-2030) ($MN)
12 Global Machine Safety Market Outlook, By Limit Switches (2021-2030) ($MN)
13 Global Machine Safety Market Outlook, By Emergency Stop Controls (2021-2030) ($MN)
14 Global Machine Safety Market Outlook, By Rope Pull Buttons (2021-2030) ($MN)
15 Global Machine Safety Market Outlook, By Push Buttons (2021-2030) ($MN)
16 Global Machine Safety Market Outlook, By Presence Sensing Safety Sensors (2021-2030) ($MN)
17 Global Machine Safety Market Outlook, By Safety Camera Systems (2021-2030) ($MN)
18 Global Machine Safety Market Outlook, By Safety Light Curtains (2021-2030) ($MN)
19 Global Machine Safety Market Outlook, By Control units (2021-2030) ($MN)
20 Global Machine Safety Market Outlook, By Displays (2021-2030) ($MN)
21 Global Machine Safety Market Outlook, By Light-emitting diodes (LEDs) (2021-2030) ($MN)
22 Global Machine Safety Market Outlook, By Photoelectric cells (2021-2030) ($MN)
23 Global Machine Safety Market Outlook, By Enclosures (2021-2030) ($MN)
24 Global Machine Safety Market Outlook, By Safety Mats (2021-2030) ($MN)
25 Global Machine Safety Market Outlook, By Safety Edges (2021-2030) ($MN)
26 Global Machine Safety Market Outlook, By Laser Scanners (2021-2030) ($MN)
27 Global Machine Safety Market Outlook, By Programmable Safety Applications (2021-2030) ($MN)
28 Global Machine Safety Market Outlook, By Two-hand Safety Controls (2021-2030) ($MN)
29 Global Machine Safety Market Outlook, By Safety Controller/Modules/Relays (2021-2030) ($MN)
30 Global Machine Safety Market Outlook, By Other Components (2021-2030) ($MN)
31 Global Machine Safety Market Outlook, By Industry (2021-2030) ($MN)
32 Global Machine Safety Market Outlook, By Process Industry (2021-2030) ($MN)
33 Global Machine Safety Market Outlook, By Power Generation (2021-2030) ($MN)
34 Global Machine Safety Market Outlook, By Food & Beverage (2021-2030) ($MN)
35 Global Machine Safety Market Outlook, By Chemical (2021-2030) ($MN)
36 Global Machine Safety Market Outlook, By Metal & Mining (2021-2030) ($MN)
37 Global Machine Safety Market Outlook, By Pharmaceutical (2021-2030) ($MN)
38 Global Machine Safety Market Outlook, By Other Process Industries (2021-2030) ($MN)
39 Global Machine Safety Market Outlook, By Discrete Industry (2021-2030) ($MN)
40 Global Machine Safety Market Outlook, By Semiconductor & Electronics (2021-2030) ($MN)
41 Global Machine Safety Market Outlook, By Aerospace (2021-2030) ($MN)
42 Global Machine Safety Market Outlook, By Automotive (2021-2030) ($MN)
43 Global Machine Safety Market Outlook, By Other Discrete Industries (2021-2030) ($MN)
44 Global Machine Safety Market Outlook, By Other Industries (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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