Vision Sensor Market Report: Trends, Forecast and Competitive Analysis to 2030

Vision Sensor Trends and Forecast

The future of the global vision sensor market looks promising with opportunities in the automotive, electronics & semiconductor, consumer electronic, pharmaceutical, and food & packaging markets. The global vision sensor market is expected to reach an estimated $6.3 billion by 2030 with a CAGR of 10.6% from 2024 to 2030. The major drivers for this market are growing application of machine vision technology in the automotive industry and traffic safety, manufacturing businesses' increased emphasis on speed and cost savings, and electronics and electrical industry expansion.

A more than 150-page report is developed to help in your business decisions.

Vision Sensor by Segment

The study includes a forecast for the global vision sensor by type, application, end use, and region.

Vision Sensor Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Less Than 3D Sensors
• 3D Sensors

Vision Sensor Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Inspection
• Gauging
• Code Reading
• Localization

Vision Sensor Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Electronics & Semiconductor
• Consumer Electronics
• Pharmaceuticals
• Food & Packaging
• Others

Vision Sensor Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Vision Sensor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies vision sensor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the vision sensor companies profiled in this report include-

• Cognex
• Teledyne
• Keyence
• Sick
• Baumer
• Omron Datalogic
• Ifm Electronics
• Leuze Electronic
• Pepperl+Fuchs
• Hans Turck

Vision Sensor Market Insights

Lucintel forecasts that inspection will remain the largest segment over the forecast period because the vision sensors are capable of identifying and classifying manufacturing flaws, and by capturing high-resolution images or 3D data, they analyze an object's surface or dimensional features and compare them to established criteria of quality.

APAC is expected to witness highest growth over the forecast period due to growing number of smart factories, automation in the industry, and expansion of the electronics and automotive sectors in the region.

Features of the Global Vision Sensor Market

Market Size Estimates: Vision sensor market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Vision sensor market size by type, application, end use, and region in terms of value ($B).

Regional Analysis: Vision sensor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, end use, and regions for the vision sensor market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the vision sensor market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the vision sensor market size?

Answer: The global vision sensor market is expected to reach an estimated $6.3 billion by 2030.

Q2. What is the growth forecast for vision sensor market?

Answer: The global vision sensor market is expected to grow with a CAGR of 10.6% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the vision sensor market?

Answer: The major drivers for this market are growing application of machine vision technology in the automotive industry and traffic safety, manufacturing businesses' increased emphasis on speed and cost savings, and electronics and electrical industry expansion.

Q4. What are the major segments for vision sensor market?

Answer: The future of the global vision sensor market looks promising with opportunities in the automotive, electronics & semiconductor, consumer electronic, pharmaceutical, and food & packaging markets.

Q5. Who are the key vision sensor market companies?

Answer: Some of the key vision sensor companies are as follows:

• Cognex
• Teledyne
• Keyence
• Sick
• Baumer
• Omron Datalogic
• Ifm Electronics
• Leuze Electronic
• Pepperl+Fuchs
• Hans Turck

Q6. Which vision sensor market segment will be the largest in future?

Answer: Lucintel forecasts that inspection will remain the largest segment over the forecast period because the vision sensors are capable of identifying and classifying manufacturing flaws, and by capturing high-resolution images or 3D data, they analyze an object's surface or dimensional features and compare them to established criteria of quality.

Q7. In vision sensor market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing number of smart factories, automation in the industry, and expansion of the electronics and automotive sectors in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the vision sensor market by type (less than 3d sensors and 3d sensors), application (inspection, gauging, code reading, and localization), end use (automotive, electronics & semiconductor, consumer electronics, pharmaceuticals, food & packaging, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?