Market Overview:
The global photoelectric safety protection device market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about safety among consumers and the growing demand for photoelectric safety protection devices in various applications. Based on type, the global photoelectric safety protection device market is segmented into metal button and resin button. The metal button segment is expected to account for a larger share of the market than the resin button segment during the forecast period. This can be attributed to its superior performance as compared to resin buttons in terms of durability and resistance against shocks and impacts. Based on application, the global photoelectric safety protection device market is divided into clothing, luggage, shoes, daily necessities, and other applications.
Product Definition:
A photoelectric safety protection device is a type of sensor used to detect the presence of an object in order to prevent it from coming into contact with a hazardous area. The importance of using a photoelectric safety protection device is that it can help to prevent accidents and injuries from occurring.
Metal Button:
Metal button, also known as leaf spring or washers is a device that is used in the manufacturing of photoelectric safety protection devices. It works on the principle of semiconductors and uses an electric field for detecting objects.
Resin Button:
Resin button is a safety device used in the detection of harmful radiations. It works on the principle of photoelectricity. A small piece of metal is placed between two glass plates, one being opaque and the other transparent. If an electric current is passed through the translucent plate it will appear as a flash on opaque plate due to interaction between light and electron at certain wavelength.
Application Insights:
The clothing application segment led the global photoelectric safety protection device market in 2017. The increasing use of PE SPD for manufacturing clothes that are more durable and comfortable is expected to drive the demand over the forecast period.
The luggage segment is anticipated to witness significant growth over the forecast period owing to rising awareness about airport security across various regions. Increasing cases of baggage theft at airports across various regions have generated a lot of concern among travelers, which in turn is expected to boost product demand in this segment. In addition, growing concerns regarding personal privacy has propelled demand for high-tech products such as PE SPD that can protect people¢â‚¬â„¢s privacy and belongings from prying eyes at airports worldwide.
Regional Analysis:
Europe was the largest regional market in 2017 and accounted for over 30% of the global revenue share. The region is expected to dominate the industry on account of increasing demand for high-quality photoelectric safety devices from major end-use industries, such as manufacturing, healthcare, transportation & logistics, and warehousing & storage. Europe has been a hub for technological advancements with many prominent players headquartered here.
Asia Pacific is projected to be one of the fastest growing regions owing to rising investments in infrastructure development along with rapid industrialization and urbanization in countries like China and India. In addition, improving standard of living coupled with increased purchasing power is likely to boost product demand over the forecast period.
Growth Factors:
- Increasing demand for safety in hazardous locations
- Growing awareness of photoelectric safety protection devices
- Proliferation of automation and robotics in manufacturing industries
- Rising demand from end-use industries such as oil & gas, chemical, and petrochemical
- Technological advancements and innovations
Scope Of The Report
Report Attributes
Report Details
Report Title
Photoelectric Safety Protection Device Market Research Report
By Type
Metal Button, Resin Button
By Application
Clothing, Luggage, Shoes, Daily necessities, Other
By Companies
Buckleguy, Rome Fastener, YKK Fastening Products Group, Huizhou Hongye, Shengtai Fuzhuang, Taiwan Chaoyi
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Photoelectric Safety Protection Device Market Report Segments:
The global Photoelectric Safety Protection Device market is segmented on the basis of:
Types
Metal Button, Resin Button
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clothing, Luggage, Shoes, Daily necessities, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Buckleguy
- Rome Fastener
- YKK Fastening Products Group
- Huizhou Hongye
- Shengtai Fuzhuang
- Taiwan Chaoyi
Highlights of The Photoelectric Safety Protection Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal Button
- Resin Button
- By Application:
- Clothing
- Luggage
- Shoes
- Daily necessities
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Photoelectric Safety Protection Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A photoelectric safety protection device (PSPD) is a safety feature on some electric tools that senses when the tool is being used and automatically shuts off power to the tool.
Some of the major players in the photoelectric safety protection device market are Buckleguy, Rome Fastener, YKK Fastening Products Group, Huizhou Hongye, Shengtai Fuzhuang, Taiwan Chaoyi.
The photoelectric safety protection device market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photoelectric Safety Protection Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Photoelectric Safety Protection Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photoelectric Safety Protection Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Photoelectric Safety Protection Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Photoelectric Safety Protection Device Market Size & Forecast, 2020-2028
4.5.1 Photoelectric Safety Protection Device Market Size and Y-o-Y Growth
4.5.2 Photoelectric Safety Protection Device Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Metal Button
5.2.2 Resin Button
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Clothing
6.2.2 Luggage
6.2.3 Shoes
6.2.4 Daily necessities
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photoelectric Safety Protection Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photoelectric Safety Protection Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Metal Button
9.6.2 Resin Button
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Clothing
9.10.2 Luggage
9.10.3 Shoes
9.10.4 Daily necessities
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Metal Button
10.6.2 Resin Button
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Clothing
10.10.2 Luggage
10.10.3 Shoes
10.10.4 Daily necessities
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Metal Button
11.6.2 Resin Button
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Clothing
11.10.2 Luggage
11.10.3 Shoes
11.10.4 Daily necessities
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Metal Button
12.6.2 Resin Button
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Clothing
12.10.2 Luggage
12.10.3 Shoes
12.10.4 Daily necessities
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Metal Button
13.6.2 Resin Button
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Clothing
13.10.2 Luggage
13.10.3 Shoes
13.10.4 Daily necessities
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photoelectric Safety Protection Device Market: Competitive Dashboard
14.2 Global Photoelectric Safety Protection Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Buckleguy
14.3.2 Rome Fastener
14.3.3 YKK Fastening Products Group
14.3.4 Huizhou Hongye
14.3.5 Shengtai Fuzhuang
14.3.6 Taiwan Chaoyi
