Vision Sensor Market to be Worth $35.03 Billion by 2030 at CAGR of 17.8%: Emergen Research

September 14 02:46 2022
Vision Sensor Market to be Worth $35.03 Billion by 2030 at CAGR of 17.8%: Emergen Research
Emergen Research
Growing popularity of machine vision sensors and rapid adoption of IoT in the manufacturing sector are driving global vision sensor revenue growth

The global vision sensor market size was USD 8.03 Billion in 2021 and is expected to register a revenue CAGR of 17.8% over the forecast period, according to the latest analysis by Emergen Research. Growing popularity of machine vision sensors, rapid adoption of state-of-art technology such as Artificial Intelligence (AI) and edge computing, and rapid adoption of IoT in the manufacturing sector are factors driving global vision sensor revenue growth.

Vision Sensor Market Report offers extensive knowledge and information about the Vision Sensor market pertaining to market size, market share, growth influencing factors, opportunities, and current and emerging trends. The report is formulated with the updated and latest information of the global Vision Sensor market further validated and verified by the industry experts and professionals. The Global Vision Sensor Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Vision Sensor market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.

Machine vision is widely used across various industrial and manufacturing processes to increase productivity and profitability. For instance, while packaging pharmaceutical drugs various companies use innovative solutions, which involve use of computer vision to search for damaged or imperfectly made tablets. Pictures are taken as tablets go down the assembly line and then uploaded to a special PC, which uses software to process images and then performs additional analysis to determine whether tablets are of proper color, length, width, and overall size. The PC-based vision inspection system is integrated with a PC that handles counting function and if a tablet is found to be flawed, this information is logged and sent as a signal to counting function. By the time bottle of containers reaches the end of production line, containers that contain flawed tablets are then rejected, eliminating the possibility of shipping flawed medical tablets. Such innovative solutions are expected to increase demand for organic vision sensor products and hence drive revenue growth of the market.

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The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Vision Sensor market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Vision Sensor market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.

Some Key Highlights from the Report

On 21 March 2022, Datalogic S.p.A. announced to acquire Pekat S.r.o. by its subsidiary Datalogic S.r.l. This acquisition will help the company to consolidate its machine and deep learning skills and enhance its hardware product portfolio and develop solutions based on high-performance algorithms. This acquisition will further help Datalogic to expand its offering of software by developing additional algorithms

The less than 3D segment revenue is expected to account for largest share over the forecast period. Instead of analyzing the entire image, one line at a time, 1D vision systems analyze digital signal. Similarly, tasks requiring positioning, inspection, measurement, and reading can all be accomplished with 2D vision systems. This can drive market revenue growth significantly.

The code reading segment is expected to grow at a rapid rate over the forecast period. Vision sensors are widely used in industrial facilities and processes to maintain product quality and guarantee operational efficiency. Without any physical contact, numerous properties can be determined, such as barcodes, blot/stain detection, size, and alignment, among many others.

The automotive segment is expected to account for largest revenue share over the forecast period. Vision sensors may capture and interpret real-time images with panoramic views and depth data, greatly enhancing vehicle safety. They can alert drivers to stop or slow down right away, as well as help with identification of other vehicles, people, and objects.

The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.

Key Players Profiled in the Report are:

Cognex Corporation, Teledyne Technologies Inc., Keyence Corporation, Sick AG, Baumer, OMRON Corporation, Datalogic S.p.A., SensoPart Industriesensorik GmbH, Isra Vision GmbH, and Qualitas Technologies.

Furthermore, the report provides a comprehensive overview of the Vision Sensor market along with product portfolio and market performance. The report offers key insights into market share, supply chain analysis, demand and supply ratio, import/export details, and product and consumption patterns. To gain a better understanding, the report is further segmented into sections such as product types offered by the market, application spectrum, companies, and key geographical regions where the market has established its presence.

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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Vision Sensor market expected to boost the growth of the industry in the coming years.

 

Emergen Research has segmented the global vision sensor based on type, application, end user, and region:

Type Outlook (Revenue, USD Billion, 2019–2030)

Less than 3D

3D

Application Outlook (Revenue, USD Billion, 2019–2030)

Inspection

Gauging

Code Reading

Localization

End User Outlook (Revenue, USD Billion, 2019–2030)

Automotive

Electronics & Semiconductor

Pharmaceuticals

Food & Packaging

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Key Questions Answered in the Report:

What is the growth rate of the Vision Sensor market? What is the anticipated market valuation of Vision Sensor industry by 2030?

What are the key growth driving and restraining factors of the Vision Sensor market?

Who are the prominent players operating in the market? What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Vision Sensor industry over the forecast period?

Which region is expected to show significant growth in the coming years?

Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.

About Us:

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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