Safety Sensors and Switches Market: Stringent Regulatory Framework for Workplace Safety & Security Key Booster: ASEAN Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028

  • Published: 2019-04-25
  • Report Code: REP-GB-813

An Incisive, In-depth Analysis on the Asean Safety Sensors And Switches Market

This study offers a comprehensive, 360 degree analysis on the Asean Safety Sensors And Switches market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Asean Safety Sensors And Switches market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Safety Sensors and Switches Market: Key Research Findings

  1. ASEAN safety sensors and switches market size in 2018 - US$ 632.0 Mn

  2. The safety sensors and switches market is expected to observe a significant growth rate of 9.7% by value, over 2018-2028.

  3. Government initiatives playing a vital role -

  • Governments of ASEAN countries have come together to implement sensor technologies to safeguard their houses, offices, and factories. This is due to the rise in accidents caused by fire or any other thing, which has cost a lot of lives and infrastructure.

  • Industrial regulatory systems for medium and small companies, such as the Occupational Safety and Health Management Systems (OSHMS), under which companies have to follow set standers of safety in industries, are projected to drive the market of safety sensors and switches in ASEAN countries.

  1. From a country-level perspective, Indonesia is projected to hold a relatively prominent share in the ASEAN safety sensors and switches market.

  2. In terms of growth opportunities in the safety sensors and switches market of ASEAN countries, Vietnam and the Philippines, with the growing demand for workplace safety and security from the commercial and industrial sectors, are projected to generate high demand for safety sensors and switches.

  3. By category, the pressure sensor and transducer is expected to be a lucrative market segment, with a value share of reportedly more than 40%.

Top 3 Factors Shaping the Safety Sensors and Switches Market

Increasing Regulations for Providing Safety at Work

Governments in developing countries such as the Philippines, Malaysia, and Vietnam, in the ASEAN region, are focusing on ensuring safety at the work environment for employees. These governments are enforcing laws for the generation and maintenance of a safe environment at workplaces, especially at factories that involve machines.

Growing Rate of Factory Automation

Rising demand has compelled manufacturers to optimize their production through automation. Factory automation has been seen to rise significantly in various ASEAN countries. This has been a driver for the market of safety sensors and switches, since the process of automating in a factory involves safety standards levied by governments in the ASEAN region.

Along with this, automated factories result into better yield, and thus, generate better revenues, as this cuts down on labor wages and operates economically at a constant pace. This is expected to lay a strong base for the significant growth of the safety sensors and switches market in ASEAN countries.

Industry 4.0 - A New Growth Potential for Manufacturers

Under Industry 4.0, which is the fourth industrial revolution, the idea is to automate factories in such a way that production goes on even without any kind of human intervention. The sensors and autonomous robotics technology in industries is expected to be implemented globally by the end of 2025. This has given rise to a good opportunity for the safety sensors and switches market, as it would be impossible to monitor robots without them.

ASEAN Safety Sensors and Switches Market Structure Analysis

  • The ASEAN safety sensors and switches market is a fragmented landscape, wherein, tier-1 companies hold around 30-40% revenue share.

  • Some of the safety sensors and switches market players have also shown keen interest in expanding their geographical presence in emerging countries such as Vietnam and the Philippines.

  • As a differentiating strategy, safety sensors and switches market participants are focusing on cost reduction and the development of new, more efficient, and more reliable safety sensors and switches.

  • Key suppliers of safety sensors and switches are also focusing on retaining the existing customer base by considering parameters such as accuracy and operational life as key R&D areas.

  • New product launches are also trending in ASEAN’s safety sensors and switches market. WIKA, in H2 of 2018, announced expansion of the product portfolio with the launch of a precision pressure sensor.  

Market Introduction

Future Market Insights, in its recent study on the safety sensors and switches market, offers a detailed value analysis of the safety sensors and switches market on the basis of various segments such as category, installation, end-use sector, and region. In terms of category, the electromagnetic relays segment is projected to be a lucrative segment in terms of growth opportunities, as these are widely used in commercial and industrial equipment safety applications in the ASEAN safety sensors and switches market.

The safety sensors and switches market report covers market analysis through basis point analysis (BPS), incremental dollar opportunity index, market attractiveness analysis, and Y-o-Y growth, covering data for the historical period 2013–2017, and the forecast for 2018–2028, with 2017 as the base year.

Overview of the Safety Sensors and Switches Market Report Chapters

The safety sensors and switches market report begins with an executive summary covering a gist of the report. The executive summary highlights the ASEAN safety sensors and switches market overview in terms of value through various segments. The section also covers key supply- and demand-side trends in the ASEAN safety sensors and switches market. This section also outlines a technology roadmap with the introduction, adoption, and current developments in the safety sensors and switches market.

The next section of the safety sensors and switches market report begins with the market definition, market taxonomy, and research scope of the safety sensors and switches market.

The next section that follows in the ASEAN safety sensors and switches market report includes the macroeconomic factors, along with value chain analysis, drivers, restraints, trends, and opportunities that are having a profound rate of influence on the growth of the safety sensors and switches market. Information has been backed up with suitable examples and facts as obtained from official and authentic data credentials in the safety sensors and switches market. 

ASEAN Safety Sensors and Switches Market: Segmentation

Category

Installation

End-Use Sector

Country

  • Basic Switches

  • Limit Switches

  • Pressure Sensors and Transducers

  • Hall-Effect and Magneto Resistive Sensors

  • Electro-magnetic Relays

  • Barcode Scan Engines

  • New

  • Retrofit

  • Industrial

    • Automotive

    • Oil & Gas

    • Power Generation

    • Mining & Metal

    • Food & Beverages

    • Packaging

    • Pharmaceuticals

  • Commercial

    • Office

    • Defence & Government Establishments

    • Hotels & Hospitals

    • Airports & Stations

    • Others (Private/ Academic Institutes, Commercial Shopping Complexes)

  • Residential

  • Indonesia

  • Malaysia

  • Singapore

  • Thailand

  • Vietnam

  • Philippines

The next section provides a pricing analysis of safety sensors and switches on the basis of regional fronts, wherein, the weighted average price has been computed to arrive at ASEAN average prices. The primary objective of the safety sensors and switches market report is to offer key insights on competition positioning, current trends, market potential, growth rates, and other relevant statistics.

The subsequent section of the report provides value (US$ Mn) and volume (Units) projections for the safety sensors and switches market on the basis of the above-mentioned segments at the ASEAN level. The values for the ASEAN safety sensors and switches market represented in this section have been agglomerated by collecting data and information at the regional level.

All the above sections evaluate the present safety sensors and switches market scenario and growth prospects, while the forecast presented assesses the market size in terms of volume and value.

Additionally, it is imperative to note that, in an inconsistent ASEAN economy, we not only conduct forecasts in terms of CAGR, but furthermore analyse the market on the basis of crucial parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the safety sensors and switches market, and identify the accurate opportunities available.

In order to understand the key market segments in terms of growth and installation of safety sensors and switches across the concerned regions, FMI has developed an attractiveness index that will help providers identify real market opportunities.

In the final section of the safety sensors and switches market report, we have provided a competition analysis with market share analysis pertaining to the safety sensors and switches market, and performance of manufacturers by a tier-down structure of the ASEAN safety sensors and switches market. In the competition dashboard section of the ASEAN safety sensors and switches market report, we have provided a dashboard view of the major players, along with their market shares and key business strategies. This would enable clients to evaluate the strategies that are being adopted by market leaders, and consequently help them develop effective strategies in the safety sensors and switches market.

Research Methodology

The first stage of safety sensors and switches research entailed the formulation of a preliminary hypothesis, which was considered from primary as well as secondary approaches. To analyse the safety sensors and switches market share and competition analysis, we tracked the key developments related to safety sensors and switches, such as collaborations, expansion, mergers & acquisitions, new orders, product launches, and awards and recognitions for companies operating in the market. A competition dashboard has been provided for the top 8 competitors with respect to market share and performance in the safety sensors and switches market.

Asean Safety Sensors And Switches Market Reports - Table of Contents

Asean Safety Sensors And Switches Market Reports - List of Tables

List of Tables

Table 01: ASEAN Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by Category

Table 02: ASEAN Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by Installation

Table 03: ASEAN Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by End Use

Table 04: ASEAN Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by End Use

Table 05: ASEAN Safety Sensors & Switches Market Value (US$ Mn) and Volume (Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by Country

Table 06: Indonesia Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by Category

Table 07: Indonesia Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by Installation

Table 08: Indonesia Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by End Use

Table 09: Indonesia Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by End Use

Table 10: Malaysia Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by Category

Table 11: Malaysia Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by Installation

Table 12: Malaysia Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by End Use

Table 13: Malaysia Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by End Use

Table 14: Philippines Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by Category

Table 15: Philippines Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by Installation

Table 16: Philippines Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by End Use

Table 17: Philippines Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by End Use

Table 18: Singapore Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by Category

Table 19: Singapore Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by Installation

Table 20: Singapore Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by End Use

Table 21: Singapore Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by End Use

Table 22: Thailand Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by Category

Table 23: Thailand Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by Installation

Table 24: Thailand Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by End Use

Table 25: Thailand Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by End Use

Table 26: Vietnam Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by Category

Table 27: Vietnam Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by Installation

Table 28: Vietnam Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by End Use

Table 29: Vietnam Safety Sensors & Switches Market Value (US$ Mn) and Volume ('000 Units) Historical Data 2013 – 2017 and Forecast 2018 – 2028 by End Use

Asean Safety Sensors And Switches Market Reports - List of Figures

List of Figures

Figure 01: ASEAN Safety Sensors & Switches Market Share and BPS Analysis by Category – 2018 & 2028

Figure 02: ASEAN Safety Sensors & Switches Market Y-o-Y Growth Projections by Category, 2018-2028

Figure 03: ASEAN Safety Sensors & Switches Market Attractiveness by Category, 2018-2028

Figure 04: ASEAN Safety Sensors & Switches Market Absolute $ Opportunity by Basic Switches Segment

Figure 05: ASEAN Safety Sensors & Switches Market Absolute $ Opportunity by Limit Switches Segment

Figure 06: ASEAN Safety Sensors & Switches Market Absolute $ Opportunity by Pressure Sensor & Transducer Segment

Figure 07: ASEAN Safety Sensors & Switches Market Absolute $ Opportunity by Hall Effect & Magnetoresistive Sensor Segment

Figure 08: ASEAN Safety Sensors & Switches Market Absolute $ Opportunity by Electromagnetic Relay Segment

Figure 09: ASEAN Safety Sensors & Switches Market Absolute $ Opportunity by Barcode Scan Engine Segment

Figure 10: ASEAN Safety Sensors & Switches Market Share and BPS Analysis by Installation – 2018 & 2028

Figure 11: ASEAN Safety Sensors & Switches Market Y-o-Y Growth Projections by Installation, 2018-2028

Figure 12: ASEAN Safety Sensors & Switches Market Attractiveness by Installation, 2018-2028

Figure 13: ASEAN Safety Sensors & Switches Market Absolute $ Opportunity by New Segment

Figure 14: ASEAN Safety Sensors & Switches Market Absolute $ Opportunity by Retrofit Segment

Figure 15: ASEAN Safety Sensors & Switches Market Share and BPS Analysis by End Use – 2018 & 2028

Figure 16: ASEAN Safety Sensors & Switches Market Y-o-Y Growth Projections by End Use, 2018-2028

Figure 17: ASEAN Safety Sensors & Switches Market Attractiveness by End Use, 2018-2028

Figure 18: ASEAN Safety Sensors & Switches Market Absolute $ Opportunity by Industrial Segment

Figure 19: ASEAN Safety Sensors & Switches Market Absolute $ Opportunity by Commercial Segment

Figure 20: ASEAN Safety Sensors & Switches Market Absolute $ Opportunity by Residential Segment

Figure 21: ASEAN Safety Sensors & Switches Market Share and BPS Analysis by Country – 2018 & 2028

Figure 22: ASEAN Safety Sensors & Switches Market Y-o-Y Growth Projections by Country, 2018-2028

Figure 23: ASEAN Safety Sensors & Switches Market Attractiveness by Country, 2018-2028

Figure 24: Indonesia Safety Sensors & Switches Market Absolute $ Opportunity, 2013 – 2028

Figure 25: Malaysia Safety Sensors & Switches Market Absolute $ Opportunity, 2013 – 2028

Figure 26: Philippines Safety Sensors & Switches Market Absolute $ Opportunity, 2013 – 2028

Figure 27: Singapore Safety Sensors & Switches Market Absolute $ Opportunity, 2013 – 2028

Figure 28: Thailand Safety Sensors & Switches Market Absolute $ Opportunity, 2013 – 2028

Figure 29: Vietnam Safety Sensors & Switches Market Absolute $ Opportunity, 2013 – 2028

Figure 30: Indonesia Safety Sensors & Switches Market Share and BPS Analysis by Category – 2018 & 2028

Figure 31: Indonesia Safety Sensors & Switches Market Y-o-Y Growth Projections by Category, 2018-2028

Figure 32: Indonesia Safety Sensors & Switches Market Attractiveness by Category, 2018-2028

Figure 33: Indonesia Safety Sensors & Switches Market Share and BPS Analysis by Installation – 2018 & 2028

Figure 34: Indonesia Safety Sensors & Switches Market Y-o-Y Growth Projections by Installation, 2018-2028

Figure 35: Indonesia Safety Sensors & Switches Market Attractiveness by Installation, 2018-2028

Figure 36: Indonesia Safety Sensors & Switches Market Share and BPS Analysis by End Use – 2018 & 2028

Figure 37: Indonesia Safety Sensors & Switches Market Y-o-Y Growth Projections by End Use, 2018-2028

Figure 38: Indonesia Safety Sensors & Switches Market Attractiveness by End Use, 2018-2028

Figure 39: Malaysia Safety Sensors & Switches Market Share and BPS Analysis by Category – 2018 & 2028

Figure 40: Malaysia Safety Sensors & Switches Market Y-o-Y Growth Projections by Category, 2018-2028

Figure 41: Malaysia Safety Sensors & Switches Market Attractiveness by Category, 2018-2028

Figure 42: Malaysia Safety Sensors & Switches Market Share and BPS Analysis by Installation – 2018 & 2028

Figure 43: Malaysia Safety Sensors & Switches Market Y-o-Y Growth Projections by Installation, 2018-2028

Figure 44: Malaysia Safety Sensors & Switches Market Attractiveness by Installation, 2018-2028

Figure 45: Malaysia Safety Sensors & Switches Market Share and BPS Analysis by End Use – 2018 & 2028

Figure 46: Malaysia Safety Sensors & Switches Market Y-o-Y Growth Projections by End Use, 2018-2028

Figure 47: Malaysia Safety Sensors & Switches Market Attractiveness by End Use, 2018-2028

Figure 48: Philippines Safety Sensors & Switches Market Share and BPS Analysis by Category – 2018 & 2028

Figure 49: Philippines Safety Sensors & Switches Market Y-o-Y Growth Projections by Category, 2018-2028

Figure 50: Philippines Safety Sensors & Switches Market Attractiveness by Category, 2018-2028

Figure 51: Philippines Safety Sensors & Switches Market Share and BPS Analysis by Installation – 2018 & 2028

Figure 52: Philippines Safety Sensors & Switches Market Y-o-Y Growth Projections by Installation, 2018-2028

Figure 53: Philippines Safety Sensors & Switches Market Attractiveness by Installation, 2018-2028

Figure 54: Philippines Safety Sensors & Switches Market Share and BPS Analysis by End Use – 2018 & 2028

Figure 55: Philippines Safety Sensors & Switches Market Y-o-Y Growth Projections by End Use, 2018-2028

Figure 56: Philippines Safety Sensors & Switches Market Attractiveness by End Use, 2018-2028

Figure 57: Singapore Safety Sensors & Switches Market Share and BPS Analysis by Category – 2018 & 2028

Figure 58: Singapore Safety Sensors & Switches Market Y-o-Y Growth Projections by Category, 2018-2028

Figure 59: Singapore Safety Sensors & Switches Market Attractiveness by Category, 2018-2028

Figure 60: Singapore Safety Sensors & Switches Market Share and BPS Analysis by Installation – 2018 & 2028

Figure 61: Singapore Safety Sensors & Switches Market Y-o-Y Growth Projections by Installation, 2018-2028

Figure 62: Singapore Safety Sensors & Switches Market Attractiveness by Installation, 2018-2028

Figure 63: Singapore Safety Sensors & Switches Market Share and BPS Analysis by End Use – 2018 & 2028

Figure 64: Singapore Safety Sensors & Switches Market Y-o-Y Growth Projections by End Use, 2018-2028

Figure 65: Singapore Safety Sensors & Switches Market Attractiveness by End Use, 2018-2028

Figure 66: Thailand Safety Sensors & Switches Market Share and BPS Analysis by Category – 2018 & 2028

Figure 67: Thailand Safety Sensors & Switches Market Y-o-Y Growth Projections by Category, 2018-2028

Figure 68: Thailand Safety Sensors & Switches Market Attractiveness by Category, 2018-2028

Figure 69: Thailand Safety Sensors & Switches Market Share and BPS Analysis by Installation – 2018 & 2028

Figure 70: Thailand Safety Sensors & Switches Market Y-o-Y Growth Projections by Installation, 2018-2028

Figure 71: Thailand Safety Sensors & Switches Market Attractiveness by Installation, 2018-2028

Figure 72: Thailand Safety Sensors & Switches Market Share and BPS Analysis by End Use – 2018 & 2028

Figure 73: Thailand Safety Sensors & Switches Market Y-o-Y Growth Projections by End Use, 2018-2028

Figure 74: Thailand Safety Sensors & Switches Market Attractiveness by End Use, 2018-2028

Figure 75: Vietnam Safety Sensors & Switches Market Share and BPS Analysis by Category – 2018 & 2028

Figure 76: Vietnam Safety Sensors & Switches Market Y-o-Y Growth Projections by Category, 2018-2028

Figure 77: Vietnam Safety Sensors & Switches Market Attractiveness by Category, 2018-2028

Figure 78: Vietnam Safety Sensors & Switches Market Share and BPS Analysis by Installation – 2018 & 2028

Figure 79: Vietnam Safety Sensors & Switches Market Y-o-Y Growth Projections by Installation, 2018-2028

Figure 80: Vietnam Safety Sensors & Switches Market Attractiveness by Installation, 2018-2028

Figure 81: Vietnam Safety Sensors & Switches Market Share and BPS Analysis by End Use – 2018 & 2028

Figure 82: Vietnam Safety Sensors & Switches Market Y-o-Y Growth Projections by End Use, 2018-2028

Figure 83: Vietnam Safety Sensors & Switches Market Attractiveness by End Use, 2018-2028

Get in touch

Harish Tiwari

Harish Tiwari

Global Head - Business Development

Pranay Mhaisekar

Pranay Mhaisekar

Business Development

* indicates mandatory fields.

Our Clients


CASE STUDIES

See how our work makes an impact.

At FMI, we design strategies that are adaptive, impactful, and implementable.

Request Sample Ask An Analyst Request Special Price Request Methodology