Machine Safety Market Demand, Top Players and Opportunities Analysis by Outlook – 2030

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2. “The global machine safety industry is expected to witness a considerable growth, owing to increase in adoption of
smart technologies, especially in emerging economies such as Asia-Pacific and LAMEA, owing to huge demand for
autonomous technologies in these regions.”
Divyanshi Tewari
Lead Analyst, Semiconductor and Electronics
Machine Safety Market
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3. According to a recent report published by Allied Market Research, titled, “Machine Safety Market by Component,
Implementation, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global
machine safety industry size was valued at $4.83 billion in 2020, and is projected to reach $8.63 billion by 2030,
registering a CAGR of 6.1% from 2021 to 2030. Safety Interlock Switches accounted more market share in 2020 and
is expected to maintain this trend during the forecast period.
The machine safety market holds a substantial scope for growth on a global scale. Its contribution to the market is
anticipated to increase significantly during the forecast period. Recent discoveries and innovations have created vast
opportunities for numerous players to step in the machine safety market.
Machine Safety Market
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4. The key factor that drives the growth of the machine safety market share include rise in demand for presence-
sensing safety devices, increase in use of IoT, and surge in emphasis on industrial safety and proactive safety
measures. The key factors that hamper the growth of this market are lack of awareness about the importance of
machine safety. The opportunity lies in the technological advancement in development of machine safety devices.
The machine safety market holds a substantial scope for growth on a global scale. Its contribution to the market is
anticipated to increase significantly during the forecast period. Recent discoveries and innovations have created vast
opportunities for numerous players to step in the machine safety market.
Machine Safety Market
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5. Key Findings Of The Study
• The oil & gas sector is projected to be the major end user during the forecast period.
• North America and Asia-Pacific dominated the machine safety market analysis in 2020.
• Asia-Pacific is anticipated to witness highest growth rate during the forecast period.
• U.S. was the major shareholder in 2020 in the North America machine security market.
Machine Safety Market
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6. Major Companies:
• Fujitsu Semiconductor Limited
• Global Foundries
• Global Wafers
• micron
• Semiconductor Manufacturing International Corporation (SMIC)
• Shin Etsu
• Siltronics
• Sumco
• Taiwan Semiconductor Manufacturing Company (TSMC) Limited
• United Microelectronics Corporation (UMC).
Machine Safety Market
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7. Contact:
David Correa
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Machine Safety Market
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