Market Share of Machine Safety Industry
The machine safety market is highly competitive by nature and appears to be fragmented due to the presence of several prominent players. Key strategies traced from the analysis of recent developments of the market players include agreements and partnerships, acquisitions, expansion, and product launches. These key players strive to deliver comprehensive safety solutions with adept technology and features. Growth in terms of product innovations and techniques in the market is also expected to create substantial investment opportunities for global players.
- September 2022 - NVIDIA unveiled the IGX edge AI computing platform for autonomous systems that are secure and safe. IGX combines hardware with programmable safety extensions, commercial operating-system support, and powerful AI software, allowing organizations to deliver AI in support of human-machine collaboration in a safe and secure manner. The all-in-one platform enables next-generation safety, security, and perception for healthcare and industrial edge AI use cases.
- October 2021 - OMRON Corporation announced the launch of its new inspection system, the VT-S10 Series. The new inspection system employs artificial intelligence and imaging technology to automate high-precision processes for PCB sub-assemblies, removing the need for specialized operator skills. The newly launched system will ensure the production's security and safety.
- May 2021 - IDEC Corporation added the safety port named as SX5E-HU085B 8-port unmanaged industrial Ethernet switch to its product portfolio. The switch supports QoS, IGMP snooping, and broadcast storm protection functionalities and is aligned with the expansion of Ethernet, IoT, and IIoT devices used in critical and challenging commercial and industrial locations.
Machine Safety Market Leaders
ABB Limited
Schneider Electric SE
Mitsubishi Electric Corporation
Honeywell International Inc.
Siemens AG
*Disclaimer: Major Players sorted in no particular order
