Public Safety Sensors Market Outlook-2027
The global public safety sensors market size was valued at $1.46 billion in 2019, and is projected to reach $2.44 billion by 2027, registering a CAGR of 7.1% from 2020 to 2027.
Sensors are devices that detect events or changes in the environment and then provide the corresponding output. They sense physical input such as light, heat, motion, moisture, pressure, or any other entity, and respond by producing an output on a display or transmit the information in electronic form for further processing. These define major applications in flood & water level monitoring systems, environmental monitoring, traffic monitoring & controlling, energy saving in artificial lighting, remote system monitoring & equipment fault diagnostics, and precision agriculture & animal tracking, among others.
Recent advances in ubiquitous computing, miniature as well as mobile devices have nurtured a vivid growth of wearable technologies among consumers for safety purposes. Wearable biosensor systems are an emerging trend and are expected to be revolutionary in many application areas, ranging from cardiovascular monitoring to battle field monitoring, and sports medicine. Furthermore, major public safety applications such as elderly fall detection system, infrastructure failure detection system and crash detection system are areas where there is extensive use of sensors. The entire physical infrastructure is closely coupled with information and communication technologies, where intelligent monitoring and management can be achieved via the usage of networked embedded devices having sensors.
Public safety sensors are applicable in advanced IT solutions, such as machine-to-machine communication and analytics, and to measure fluctuations regarding temperature, pressure acceleration, or others, which are critical for a process. In addition, these devices are implemented in smart grids, smart cities, smart environments (forest fire control, snow level monitoring, and earthquake early detection); and automobile, defense, sports, and electronic sectors.
The public safety sensor market is currently in its growing stage and is expected to register substantial growth in the near future, attributed to the high investment in R&D activities by market players and focus of society toward Internet of Things (IoT). Other factors that drive the market growth include increase in demand for automobile & electronics and development of smart infrastructure.
Major economies such as the U.S., the UK, Germany, China, and Japan among others have adopted flood detection technologies, which use real-time monitoring and reporting of extreme conditions in their offices and residential places. For instance, United Utilities, a wastewater service company based in England developed a new drainage monitor device to stop sewers from flooding properties. The monitor of the device is fitted in the manhole of a sewer close to homes that have previously been flooded. When the sewer starts filling up the monitor sends an alert to United Utilities’ Integrated Control Centre at its Warrington HQ so that staff can send out a crew to investigate. This is expected to help prevent the sewer flooding altogether, which is opportunistic for the public safety sensors market share.
Factors such as growth in trends towards Internet of Things (IoT), stringent government regulations pertaining to the implementation of leak detection systems and advancements of sensors for public safety applications are major factors which are driving the public safety sensors market growth globally. However, incorporating the sensor in devices incurs extra value and reduces life of the device, which is expected to hinder the market growth to a certain extent. Conversely, surge in adoption of wearable devices for public safety applications are expected to offer lucrative public safety sensors market opportunity globally.
The global public safety sensors market size is segmented based on sensor type, application and region. By sensor type, the market is categorized into level sensor, temperature sensor, proximity sensor, acoustic wave sensor, pressure sensor, humidity sensor, gas sensor, and other sensors. By application, the market is analyzed across indoor & outdoor gunshot detector, fall detection, flood detection, car crash detection, infrastructure failure detectors and others. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with its prominent countries.
The major companies profiled in the public safety market industry includes ABB Ltd., FIBARO, Baumer, Rockwell Automation, Siemens AG, Schneider Electric, Infineon Technologies, Texas Instruments, Sensors Industries and Keyence Corporations. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration.
COVID-19 is having a large impact on both consumer and the economy. Electronics manufacturing hubs have been temporarily shut down to liming the COVID-19 spread among the individuals. This has majorly affected the supply chain of public safety sensors market by creating shortages of materials, components, and finished goods. Lack of business continuity has ensured significant negative impacts on revenue, shareholder returns, and revenue, which are expected to create financial disruptions in the public safety sensors industry.
According to public safety sensors market analysis, the governments in key markets have prioritized safety and security technologies pertaining to the current threat to the environment experienced globally. Thus, there is strong demand for public safety sensors from military & defense sector. However, the residential sector witnessed severe loss, thereby no new orders have been placed during the pandemic. And this impact is estimated to continue till 2021. Moreover, the international automobile markets are in very week state owing to the lockdowns imposed to tackle the pandemic continued for several weeks. Although the vehicles markets in the U.S. and Europe are estimated to witness mild recovery in the second half of 2020, they are still significantly down on pre-crisis levels. Hence, the public safety sensors market is facing major obstacles from the emergence of COVID-19 pandemic.
Slowdown in productions by OEMs, and reduction in demand for safety technologies and other electronics has slightly pulled down the market for public safety sensors. Shortages of critical components and materials have significantly impacted the global supply chains. In addition, reductions in various capital budgets and delay in various planned projects in various end-use industries have hampered the global economy.
By Sensor Type
Acoustic Wave Sensor segment is projected as one of the most lucrative segments.
Top Impacting Factors
The significant impacting factors in the public safety sensors market include growth in trend towards Internet of Things (IoT), stringent government regulations pertaining to the implementation of leak detection systems, and advancement of sensors for public safety applications. However, incorporating the sensor in devices incurs extra value and reduces life of device, which is projected to hamper the public safety sensors market to a certain extent. Furthermore, rise in adoption of wearable devices for public safety applications is expected to offer lucrative opportunities to the market growth globally. Each of these factors is anticipated to have a definite impact on the market during the forecast period.
Advancements of sensors for public safety applications
There is an increase in demand for public safety sensors due to wide usage in flood detectors, leak detections, infrastructure failure detectors, and car crash detectors among others. Manufacturers of safety devices are incorporating more safety sensors in their devices to add additional features and compete with other players in the highly competitive market. Gunshot detectors are increasingly being used in the U.S. for safety and security purposes. The system uses sensors mounted on light poles along schools & universities, offices and public spaces. It triangulates the sound, giving police a precise location of where the gunfire happened. In addition, governments of various countries are entering into partnership with companies to install such technologies in the public places.
Indoor & Outdoor Gunshot Detector segment is projected as one of the most lucrative segments.
Incorporating sensors in devices incurs extra value and reduces the life of device
The addition of sensors does help to increase automation in electronic devices; however, it incurs an extra cost and thereafter it is avoided in cost-effective applications. The incorporation of sensors facilitates extra features and makes the devices more automated, although, it incurs some additional cost and thereafter it is avoided in cost-effective applications. In devices which are continuously used for a long time such as leak detectors, fall monitoring, flame detectors and flood monitoring among others, sensors create heating issues and reduce their overall life, as these devices have components that are temperature sensitive. The devices which use battery as their power source, sensors reduce their battery life as they rely on device battery for their operation.
Rise in adoption of wearable device for public safety applications
Technological advancements in public safety sensors technologies offer innovative and additional features to the medical devices and equipment and devices used to monitor leaks of gasses and liquids in residential and industrial industry verticals. These safety sensors are used for routine check-ups, such as blood pressure monitoring and body temperature of the patients. Moreover, safety sensors measure the heart beat and blood oxygen content and transfer medical information through cloud to the healthcare professionals. These sensors also provide medical facilities by means of telemedicine in the rural and underdeveloped areas.
Asia-Pacific region would exhibit the highest CAGR of 8.1%% during 2020-2027
Key Benefits For Stakeholders
- This study includes the analytical depiction of the public safety sensors market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities in the public safety sensors market.
- The public safety sensors market trends are quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Public Safety Sensors Market Report Highlights
By Sensor Type
Key Market Players
BAUMER HOLDING AG, FIBARO GROUP S.A., SENSOR INDUSTRIES, SIEMENS AG, ABB LTD., INFINEON TECHNOLOGIES, ROCKWELL AUTOMATION INC., KEYENCE CORPORATION, TEXAS INSTRUMENTS INCORPORATED, SCHNEIDER ELECTRIC
The public safety sensors market is highly competitive, owing to strong presence of the existing vendors. Public safety sensors technology vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the global market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by the key vendors.
The public safety sensors have penetrated in almost every industry vertical but have the highest usage in healthcare, followed by automotive, and residential. Wearable devices incorporate safety sensors such as accelerometer, gyroscope, pressure sensor, proximity sensor, and temperature detector among others, to keep a track on parameters, and provide a centralized system for automatic control.
The incorporation of sensors into any device increases its functionality, accuracy, and efficiency, increasing its automation. This is the reason which contributes to the high growth rate in the sensor market. The current business scenario experiences rapid development in smart infrastructure and smart devices leading to the readiness to adopt this technology, particularly in the developed and developing regions such as North America, Asia-Pacific, and Europe. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative features.
The increase in the trend of robotics in the production process is anticipated to boost the growth in the overall sensor market. There is an increase in the adoption of wearable devices for various purposes such as health trackers, heartbeat monitoring devices, and wearable fitness trackers. These devices incorporate various sensors such as a speedometer, temperature detector, and accelerometer among others.
Considering the regional trends of the sensors market, Asia-Pacific is projected to account for the largest market size. On the other hand, LAMEA is in the introductory phase in terms of adoption of sensors and is expected to grow at the highest CAGR during the forecast period.
Various leading manufacturers such as ABB Ltd, Rockwell Automation, Infineon Technologies, Sensor Industries, and Siemens AG among others occupy a prominent revenue share in the public safety sensors market.