New York, NY, Aug. 19, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Vision Sensor Market by Sensor (Pixel Counter, Contour, Monochrome Vision, Color Vision, Code Readers, 3D Vision, and Others), By Application (Gauging, Inspection, Code Reading, and Localization), and by Industry (Automotive, Consumer Electronics, Pharmaceuticals, Food & Packaging, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global vision sensor market was USD 2.6 billion in 2018 and is expected to reach around USD 5.6 billion by 2025, at a CAGR approximately 12.3% between 2019 and 2025.
Vision sensors are deployed in numerous enterprises and factories for determining the existence and overall orientation with the help of captured camera images. Vision sensors are installed with specific systems or applications that guide in deciding a product’s operation or failure status. The global vision sensor market is growing rapidly, owing to the rising product demand by various enterprises and the industrial sector due to the many advantages of vision sensors. Numerous companies across diverse sectors are focusing on the implementation of vision sensors to recognize the accuracy, presence, and orientation of products, which helps in optimizing the process flow. Additionally, these sensors also help in reducing waste by removing non-saleable products. Moreover, these sensors complement larger machinery or systems and offer built-in Ethernet communications and support single and multiple-point assessments with dedicated processing. The rising demand for vision sensors for the use of quantity detection and measurement in the automotive industry is also expected to drive the vision sensor market growth.
Browse through 54 Tables & 32 Figures spread over 182 Pages and in-depth TOC on “Global Vision Sensor Market: Industry Size, Share, Market Segments, Growth, Analysis and Forecast, 2018–2025”.
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The global vision sensor market is fragmented on the basis of sensor, application, and industry. Based on the sensor, the market includes pixel counter, contour, monochrome vision, color vision, code readers, 3D vision, and others. The 3D vision sensors segment will hold a notable share over the projected time period.
On the basis of application, the market includes inspection, gauging, code reading, and localization. The inspection segment will hold a significant market share in the future, owing to the growing demand for vision sensors across numerous industries. Vision sensors are highly preferred for inspection and barcode and matrix code scanning, to inspect finished products and components for misalignment, defects, product sorting, and incorrect product fitting in manufacturing and assembly lines.
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By industry, the market comprises pharmaceuticals, consumer electronics, automotive, food and packaging, and others. The automobile industry is anticipated to hold a substantial share in the vision sensor market, owing to the rising demand for sensors for identification, localization, and inspection applications. Moreover, inspection helps in identifying various components, parts, and defects.
North America is predicted to hold a sizeable share of the global vision sensor market in the years ahead, owing to the early adoption of industry 4.0 and the rising number of smart factory projects. Additionally, the growing demand for machine vision applications in food and packaging and automotive industries is also projected to drive this regional market. The technologically advanced countries like the U.S. and Canada are likely to significantly contribute to the North American market, owing to the flourishing IoT sector and rising regional demand for smartphones.
Browse the full “Vision Sensor Market by Sensor (Pixel Counter, Contour, Monochrome Vision, Color Vision, Code Readers, 3D Vision, and Others), by Application (Gauging, Inspection, Code Reading, and Localization), and by Industry (Automotive, Consumer Electronics, Pharmaceuticals, Food & Packaging, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/vision-sensor-market
Europe will hold a major share of the vision sensor market globally over the forecast time period, owing to the regional presence of leading market players. This regional market is also growing due to the launch of USB 3.0 CX and CMOS-based GigE series of polarization cameras, which use various properties of light.
The Asia Pacific vision sensor market is projected to grow significantly rate over the projected timeframe, owing to the rising number of government initiatives to promote automated processes in the automobiles industry. Producers, specifically in Japan and China, are adopting automation in their manufacturing units that will lead to faster production and waste reduction. The Asia Pacific region is expected to rapidly grow in robotics and smart manufacturing, which is creating several opportunities for the vision sensor market. Moreover, China is converging resources to develop the latest technology, such as artificial intelligence sensors and chip, as a step toward advancements and innovations in the vision sensor market.
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Latin America is likely to witness considerable growth over the forecast time period. Countries like Argentina and Brazil will show notable growth in the vision sensor market in the upcoming years, owing to the region’s flourishing IoT industry. Moreover, the rising adoption of factory automation to decrease production costs will also fuel the Latin American vision sensor market in the years ahead.
The Middle East and Africa is projected to observe moderate growth over the estimated timeframe, owing to rapid urbanization and rising expenditure on modern infrastructure. Huge investments in setting up modernized manufacturing infrastructure and migration of different manufacturing projects into the region will further create new growth opportunities for the vision sensor market over the anticipated timeline.
Some major players of the vision sensor market are Teledyne Technologies, Pepperl+Fuchs, Leuze Electronic, Keyence Corporation, IFM Electronic, Turck, Cognex Corporation, Baumer Holding, and Balluff.
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This report segments the global vision sensor market into:
Vision Sensor Market: Sensor Analysis
- Pixel Counter Sensor
- Contour Sensor
- Monochrome Vision Sensor
- Color Vision Sensor
- Code Readers
- 3D Vision Sensor
- Others
Vision Sensor Market: Application Analysis
- Gauging
- Inspection
- Code Reading
- Localization
Vision Sensor Market: Industry Analysis
- Automotive
- Consumer Electronics
- Pharmaceuticals
- Food and Packaging
- Others
Vision Sensor Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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