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Market Size in USD Billion
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2022 –2029 |
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USD 3.21 Billion |
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USD 7.78 Billion |
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Global Vision Sensor Market, By Sensor Type (Less Than 3D Vision Sensors, 3D Vision Sensors, Others), Application (Inspection, Gauging, Code Reading, Localization), Industry (Automotive, Electronics and Semiconductor, Consumer Electronics, Pharmaceuticals, Food and Packaging, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The automobile industry is anticipated to experience increased demand for vision sensors because of growing need for these sensors in applications for identification, inspection, and localization. Some of the crucial applications that will increase demand for vision sensors from this industry include the inspection of various parts and components, the detection of defective components, the misalignment of parts and components, and the control of robotic arms to carry out difficult tasks on the assembly line. Automated inspections that once needed expensive and complex vision systems are now carried out using reliable, simple, self-contained vision sensors. The most widely used vision sensors will be found in smart cameras, frequently utilized in vehicle detection technologies.
Global vision sensor market was valued at USD 3.21 billion in 2021 and is expected to reach USD 7.78 billion by 2029, registering a CAGR of 11.70% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Sensor Type (Less Than 3D Vision Sensors, 3D Vision Sensors, Others), Application (Inspection, Gauging, Code Reading, Localization), Industry (Automotive, Electronics and Semiconductor, Consumer Electronics, Pharmaceuticals, Food and Packaging, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Cognex Corporation (U.S.), KEYENCE CORPORATION (Japan), Sick AG (Germany), Omron Corpoartion (Japan), Teledyne (U.S.), Baumer (Switzerland), Datalogic S.p.A. (Italy), IFM Electronic (Germany), Balluff Automation India Pvt. Ltd.(Germany), Basler AG (Germany), Hans Turck GmbH & Co. KG (Germany), Leuze electronic GmbH+Co. KG (Germany), Pepperl+Fuchs (India) Pvt. Ltd. (U.K.), and SensoPart (Germany)
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Market Opportunities
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Market Definition
Vision sensors consist of the interface, display, video camera, and the computer processor, which help to automate industrial processes. The orientation, existence, and correctness of the elements are assessed by the vision sensors using a photo taken by the camera. They are distinct from image inspection "systems" in that the camera, light, and controller are all housed in one unit, simplifying the unit's construction and operation. The majority of the time, these are employed for measurement and other observable aspects of product quality. These contribute significantly to manufacturing's efficiency and are essential components.
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
Vison sensors are usually utilized to uphold product quality as well as to confirm operational efficiency. Moreover, they are utilized in localization, code reading, and gauging programs. These sensors are used in a variety of industrial facilities and industrial processes. They are primarily employed in automobiles, electronics and semiconductors, pharmaceutical, food and packaging, and food industries. The vision sensors are largely used across consumer electronics and the electrical industry. These are some of the key reasons anticipated to propel the expansion of the vision sensor market.
Additionally, the growing nature concerning the analytical care and high need from the advancing implementations are also estimated to bolster the market's overall growth. The rising need of fewer devices to check multiple parameters also cushions the market’s growth within the forecasted period. Manufacturing companies' emphasis on cost and time savings is also a market driver.
Opportunities
The growing advancement of automation systems are estimated to generate lucrative opportunities for the market, which will further expand the vision sensor market's growth rate over the forecasted period. Additionally, the integration of the advanced technologies such as internet of things (IoT) and artificial intelligence (AI) will also offer numerous growth opportunities within the market.
Restraints/Challenges
The surge in adoption of product differentiation strategies by the market players is expected to obstruct market growth.
Also, the high costs associated with installation and the maintenance of the vision sensors negatively impact the market. This factor is projected to be a major challenge for the vision sensor market over the forecast period.
This vision sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the vision sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The vision sensor market was immensely impacted by the outbreak of COVID-19 . The vision sensor is heavily used throughout manufacturing and inspection processes to assess the product's quality. Production activities in industries such as food and packaging, drinks, and consumer electronics have recently decreased due to labour shortages and government restrictions imposed as a result of pandemics. However, the medical device inspection processes are promoting the expansion of the Vision Sensor market. The necessity for vision sensors has recently been driven by the inspection of medical equipment like ventilators and protective gear. The demand for thermal imaging to track the pervasive coronaviruses, on the other hand, is having an effect on the market's overall expansion.
Recent Developments
The vision sensor market is segmented on the basis of component, system type, monitoring process, deployment type and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Sensor Type
Application
Industry
The vision sensor market is analyzed and market size insights and trends are provided by country, component, system type, monitoring process, deployment type and industry as referenced above.
The countries covered in the vision sensor market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the vision sensor market during the forecast period of 2022 to 2029. The region is estimated to be dominant owing to the rising number of smart factories and industry automation along with growth of electronics and automotive industry within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to rising automation of industries in India, China, and Japan within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The vision sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to vision sensor market.
Some of the major players operating in the vision sensor market are
SKU-
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
The market is segmented based on , By Sensor Type (Less Than 3D Vision Sensors, 3D Vision Sensors, Others), Application (Inspection, Gauging, Code Reading, Localization), Industry (Automotive, Electronics and Semiconductor, Consumer Electronics, Pharmaceuticals, Food and Packaging, Others) – Industry Trends and Forecast to 2029 .
The Global Vision Sensor Market size was valued at USD 3.21 USD Billion in 2021.
The Global Vision Sensor Market is projected to grow at a CAGR of 11.7% during the forecast period of 2022 to 2029.
The major players operating in the market include Cognex Corporation , KEYENCE CORPORATION , Sick AG , Omron Corpoartion , Teledyne , Baumer , Datalogic S.p.A. , IFM Electronic , Balluff Automation India Pvt. Ltd., Basler AG , Hans Turck GmbH &, Co. KG , Leuze electronic GmbH+Co. KG , Pepperl+Fuchs Pvt. Ltd. , and SensoPart .
The market report covers data from the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
