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INCREASED DEMAND FOR PROGRAMMABLE SAFETY SYSTEMS ACCELERATING GROWTH
20 May 2004 - Venture Development Corporation
| The market for programmable safety systems is growing at a much faster rate than those for other automatic machine safeguarding products. Forecast to increase at 29.2% between 2003 and 2006, recent changes in design and implementation processes have increased demand for Programmable Safety Systems. |
The market for programmable safety systems is growing at a much faster rate than those for other automatic machine safeguarding products. Forecast to increase at 29.2% between 2003 and 2006, recent changes in design and implementation processes have increased demand for Programmable Safety Systems. In speaking with automation suppliers, VDC has discovered that this surge has been predominantly driven by three developing trends: 1. Safety Standards - Countries within Europe started developing machine safety standards long before North America. Because the European community is further advanced in this regard, this region has significant influence regarding the migration toward uniform international machine safety regulations, including IEC 61508 and EN 954. 2. 120V A/C vs. 24V D/C - Historically North America has used 120V A/C power, however, the same global influences that have affected standards have proliferated the use of 24V D/C power in safety automation equipment. As a result, opportunities for safety automation vendors could multiply as customers look to either retrofit or replace existing systems. 3. Safety Bus Networks - Industries are increasingly realizing the value and cost savings of implementing safety bus networks in manufacturing processes. For instance European auto OEMs, such as Volkswagon and BMW, have installed digital safety networks in an effort to reduce costs of robot installations. Contrary to hard-wired safety systems that employ mechanical relays, safety bus networks digitally monitor the status of safety equipment through software platforms. VDC's new edition of this study will track the progress of Programmable Safety Systems and other market forces in the machine automatic safeguarding industry. It will assess, quantitatively and qualitatively, market demand for machine automatic safeguarding components, equipment and networking. The study will identify current and emerging applications for machine safeguarding products, and will provide detailed analyses of the technical, developmental and regulatory issues facing this industry. In-depth analysis of North American and European market demand for machine automatic safeguarding products Vertical market and application estimates and forecasts- for all product types Detailed OEM/integrator and end-user analysis evaluating the opportunities and requirements to support existing and emerging applications Industry structure and influences, including detailed profiles and share analysis of leading and emerging machine automatic safeguarding suppliers Updates on current and emerging standards in North America and Europe VDC is now accepting founding sponsors for this research. Benefits of becoming a founding sponsor include: Save $500 and receive a CD-ROM of the report with printable PDF files, Excel files, and a site license to post the report on your network. Guarantee your specific needs are included in the research scope. You will have the opportunity to review and revise a number of research tools, including questionnaires, surveys and profile templates. Receive research updates. You will receive updates during the research process alerting you to our interim findings. Receive a personal presentation. Schedule a time to meet with our analysts and probe for additional insights about your industry and market. VDC's study team will be available to present findings to any sponsor at their location of choice, subject to availability and client payment of travel expenses. Get answers to follow-up questions. Our analysts are available for follow-up and clarification as required. Rely on our money back guarantee. If you are not satisfied with our report, we will issue a refund.
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About: Venture Development Corporation
Venture Development Corporation (VDC) is an independent technology market research and strategy consulting firm that specializes in a number of industrial, embedded, defense and niche enterprise IT markets. VDC has been operating since 1971, when graduates of the Harvard Business School and Massachusetts Institute of Technology founded the firm. Today, we employ a talented collection of analysts and consultants who offer a rare combination of expertise in the market research process; experience in technology product and program management, and formal training in engineering and marketing. VDC's clients include thousands of the largest and fastest growing tech suppliers in the world and the most successful investors participating in the markets we cover. |
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