New ARC Advisory Group research on the machine safeguarding solutions market reveals that in the rapidly advancing world of technology, where machines are becoming increasingly autonomous and interconnected, ensuring machine safety and security has become a paramount concern. As machines become more intelligent and interconnected, they become vulnerable to various risks that can have significant consequences. A holistic approach encompassing multiple layers of security is required to safeguard machines from both physical and digital threats.
"Machinery safety is a critical aspect of ensuring the well-being of workers and the general public. With the rise of automation and interconnected industrial systems, the potential for cyberattacks to impact physical equipment and machinery has become a pressing issue. Designing machine control systems with security in mind is crucial to protect industrial environments from potential cyber threats. The IEC 62443 standard serves as a comprehensive framework for addressing and mitigating security vulnerabilities in industrial automation and control systems. The new Machinery Regulation published in July 2023 also takes into account the growing importance of digitization and industrial security. It is important to note that security is not an optional feature but a mandatory requirement now," according to Anju Ajaykumar, Senior Analyst and key author of ARC's Machine Safeguarding Solutions Market Research.
Machine Safeguarding Market Trends
In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:
- Collaborative Robotics and Autonomous Mobile Robotics
- Demand for Risk Assessment Services
- Networked Safeguarding Components
- Safety and Security
- Smart Safety Solutions
Leading Suppliers to the Machine Safeguarding Solutions Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: OMRON, Pilz, Rockwell Automation, SICK, Siemens.
About the Machine Safeguarding Solutions Research
The Machine Safeguarding Solutions research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The research segmentation includes Overall Scope, World Region, Industry, Customer Type, Machinery by Segment, Sales Channel, Revenue Category, Hardware Revenues by Component, Safeguarding Components, Component.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:
- MIRA Service: An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions. Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.
- Concise Market Analysis Report (PDF): This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
- Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF): A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis.
For more information on this and other available ARC market research, please visit our Market Analysis Services section.