Vision Sensor Market Size and Forecast 2030
The Vision Sensor Market size is projected to reach US$ 8.33 billion by 2030 from US$ 3.28 billion in 2022. The market is expected to register a CAGR of 12.4% in 2022–2030. Evolution of Industry 4.0 are likely to remain key vision sensor market trends.
Vision Sensor Market Analysis
The vision sensor market growth is driven by rising demand for automotive, electronics, and robotics; increasing investments in R&D activities; and growing adoption of cloud technology. The evolution of Industry 4.0 and government investment in industrial automation are likely to add impetus to the market growth during the forecast period. Moreover, the expansion of the electrical and electronics industry is propelling the market growth. However, the high cost associated with installing and maintaining 3D vision sensors is hindering the market expansion. Technological advancement and the development of AI-based vision sensors are creating lucrative opportunities in the market.
Vision Sensor Market Overview
Vision sensor is a device integrated with a camera or imaging system to capture visual information. Vision sensors use images or visual data a camera captures to determine parts' orientation, presence, and accuracy. These sensors simplify construction and operation using a single unit's camera, light, and controller. Vision sensors are mainly used to detect defective objects, character recognition, sorting objects, and measurement of the size of objects, among others. A network of vision sensors can be easily linked to plant and enterprise networks, which allows factories to view images, results, and data for process control. Vision sensors offer Significant benefits such as quickly integrating into larger systems, offering built-in ethernet communications, requiring programming, and exchanging data with other systems to communicate results by triggering subsequent stages of an inspection.
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Vision Sensor Market: Strategic Insights
Market Size Value in US$ 3.28 billion in 202 Market Size Value by US$ 8.33 billion by 2030 Growth rate CAGR of 12.4% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2021
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Vision Sensor Market: Strategic Insights
| Market Size Value in | US$ 3.28 billion in 202 |
| Market Size Value by | US$ 8.33 billion by 2030 |
| Growth rate | CAGR of 12.4% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2021 |
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Vision Sensor Market Drivers and Opportunities
Increasing Importance of Component Identification and Inspection Devices in Automotive Industry is Driving the Vision Sensor Market
Vision sensors help drivers detect pedestrians, other cars, and obstacles by alerting them to slow down or stop the vehicle quickly. The expansion of the automotive industry associated with increasing investment is fueling the vision sensor market. According to the European Union (EU) Industrial R&D Investment Scoreboard Edition 2023, the EU continues to lead the automotive R&D investments by 42.2% worldwide, followed by Japan and the US at 19.5% each, and China at 12.8% over the past decade. Growing investment in R&D encourages manufacturers to develop advanced solutions for their customers, boosting the vision sensor market. Some crucial applications that increase the demand for vision sensors in the automotive industry are inspecting various parts and components, identifying faulty parts and misaligning parts and components, and guiding robotic arms to conduct complex jobs on the assembly line.
Vision Sensor Market Report Segmentation Analysis
Key segments that contributed to the derivation of the vision sensor market analysis are type, application, and industry vertical.
- Based on type, the vision sensor market is divided into less than 3D and 3D. The 3D segment is anticipated to expand during the forecast period.
- The 3D vision sensors segment is anticipated to expand at a higher CAGR during the forecast period due to high demand from the automotive industry.
- 3D vision sensors are highly effective in defect detection and quality inspection applications, which increases their adoption in automotive assembly lines. 3D vision sensors effectively capture detailed 3D information about objects, allowing precise measurement, defect identification, and surface inspection. They are highly adopted in areas where high-quality standards are critical.
- 3D vision sensors are also used to measure dimensions by ensuring the proper assembly of automotive components, which increases adoption among automotive manufacturers.
Vision Sensor Market Share Analysis by Geography
The geographic scope of the vision sensor Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Europe is projected to expand at a significant rate during the forecast period. The Europe vision sensor market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The region contributes a noteworthy share to the global vision sensor market owing to high adoption and investments in vision sensors in the region. The rising use of smart vision sensors in several industries is driving the market in the region. For instance, in July 2023, Datasensing, an Italian manufacturer, extended its Smart-VS (vision sensor) series to improve detection performance. The company introduced The Smart-VS+ to support numerous industries, including automotive, industrial manufacturing, food & beverages, pharma, packaging, cosmetics, and general manufacturing. Smart-VS+ provides significant benefits to the user, such as increasing the total number of learning dataset images up to 20 and improving accuracy and speed for object detection. The smart vision sensors are also used to check the presence/absence and correct orientations of various objects, including labels or prints and caps, regardless of materials, sizes or formats, and colors. Further, the significant benefit of smart vision sensors and increasing investment in R&D activities are among the other factors driving the market in the region.
Vision Sensor Market Report Scope
Vision Sensor Market News and Recent Developments
The vision sensor market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for vision sensor and strategies:
- In September 2023, Cognex Corporation launched the In-Sight SnAPP Vision Sensor, which provides simplicity and accuracy by quickly improving the efficiency of manufacturing processes. In-Sight SnAPP Vision Sensor expanded its capabilities by adding US$ 1 billion to its served markets. (Source: Cognex Corporation, Press Release/Company Website/Newsletter, 2023)
- In October 2022, SensoPart Industriesensorik GmbH launched VISOR UV to evaluate markings, codes, and inscriptions that are invisible to the human eye. VISOR UV is integrated with UV illumination and has two resolutions: V50: 2560 x 1936 pixels and V20: 1440 x 1080 pixels. (Source: SensoPart Industriesensorik GmbH, Press Release/Company Website/Newsletter, 2023)
Vision Sensor Market Report Coverage and Deliverables
The “vision sensor Market Size and Forecast (2022–2030)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, and Industry Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
China, Japan, India, and Germany are expected to register high growth rate during the forecast period
Introduction of IIoT in Manufacturing
The estimated global market size for the vision sensors market in 2022 is expected to be around US$ 3.28 billion
Cognex Corporation, Teledyne Digital Imaging Inc., Keyence Corporation, Sick AG, Balluff GmbH, Baumer Holding AG, Pepperl+Fuchs, ifm electronic gmbh, Hans Turck GmbH & Co. KG, and Leuze electronic GmbH & Co. KG. are the key market players expected to hold a major market share of vision sensors market in 2022
The global market size of vision sensors market by 2030 will be around US$ 8.33 billion
Asia Pacific is expected to register highest CAGR in the vision sensors market during the forecast period (2022-2030)
The vision sensors market is expected to register an incremental growth value of US$ 5.05 billion during the forecast period
The US is expected to hold a major market share of vision sensors market in 2022
1. Growing Importance of Component Identification and Inspection Devices in Automotive Industry
2. Government Investment in Industrial Automation
Code reading segment is expected to hold a major market share of vision sensors market in 2022
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Vision Sensor Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Vision Sensor Market – Key Market Dynamics
5.1 Vision Sensor Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Importance of Component Identification and Inspection Devices in Automotive Industry
5.2.2 Growing Funding and Investment in Developing and Advancing Vision Sensors
5.2.3 High Adoption of Vision Sensors in Consumer Electronics Industry
5.3 Market Restraints
5.3.1 High Costs Associated with Vision Sensors
5.4 Market Opportunities
5.4.1 Adoption of AI-Based Vision Sensors
5.4.2 Government Investment in Smart City Projects
5.5 Future Trends
5.5.1 Evolution of Industry 4.0
5.6 Impact of Drivers and Restraints:
6. Vision Sensor Market – Global Market Analysis
6.1 Vision Guided Robotics Software Market Overview
6.2 Vision Sensor Market Revenue (US$ Million), 2022–2030
6.3 Vision Sensor Market Forecast Analysis
7. Vision Sensor Market Analysis – by Type
7.1 Less than 3D
7.1.1 Overview
7.1.2 Less than 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
7.2 3D
7.2.1 Overview
7.2.2 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8. Vision Sensor Market Analysis – by Application
8.1 Inspection
8.1.1 Overview
8.1.2 Inspection: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Gauging
8.2.1 Overview
8.2.2 Gauging: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Code Reading
8.3.1 Overview
8.3.2 Code Reading: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9. Vision Sensor Market Analysis – by Industry Vertical
9.1 Automotive
9.1.1 Overview
9.1.2 Automotive: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Electronics
9.2.1 Overview
9.2.2 Electronics: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.3 Food and Beverage
9.3.1 Overview
9.3.2 Food and Beverage: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Industrial Manufacturing
9.4.1 Overview
9.4.2 Industrial Manufacturing: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10. Vision Sensor Market – Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Vision Sensor Market Overview
10.2.2 North America: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.2.3 North America: Vision Sensor Market Breakdown, by Type
10.2.3.1 North America: Vision Sensor Market – Revenue and Forecast Analysis – by Type
10.2.4 North America: Vision Sensor Market Breakdown, by Application
10.2.4.1 North America: Vision Sensor Market – Revenue and Forecast Analysis – by Application
10.2.5 North America: Vision Sensor Market Breakdown, by Industry Vertical
10.2.5.1 North America: Vision Sensor Market – Revenue and Forecast Analysis – by Industry Vertical
10.2.6 North America: Vision Sensor Market – Revenue and Forecast Analysis – by Country
10.2.6.1 North America: Vision Sensor Market – Revenue and Forecast Analysis – by Country
10.2.6.2 United States: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.2.6.2.1 United States: Vision Sensor Market Breakdown, by Type
10.2.6.2.2 United States: Vision Sensor Market Breakdown, by Application
10.2.6.2.3 United States: Vision Sensor Market Breakdown, by Industry Vertical
10.2.6.3 Canada: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.2.6.3.1 Canada: Vision Sensor Market Breakdown, by Type
10.2.6.3.2 Canada: Vision Sensor Market Breakdown, by Application
10.2.6.3.3 Canada: Vision Sensor Market Breakdown, by Industry Vertical
10.2.6.4 Mexico: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.2.6.4.1 Mexico: Vision Sensor Market Breakdown, by Type
10.2.6.4.2 Mexico: Vision Sensor Market Breakdown, by Application
10.2.6.4.3 Mexico: Vision Sensor Market Breakdown, by Industry Vertical
10.3 Europe
10.3.1 Europe Vision Sensor Market Overview
10.3.2 Europe: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.3.3 Europe: Vision Sensor Market Breakdown, by Type
10.3.3.1 Europe: Vision Sensor Market – Revenue and Forecast Analysis – by Type
10.3.4 Europe: Vision Sensor Market Breakdown, by Application
10.3.4.1 Europe: Vision Sensor Market – Revenue and Forecast Analysis – by Application
10.3.5 Europe: Vision Sensor Market Breakdown, by Industry Vertical
10.3.5.1 Europe: Vision Sensor Market – Revenue and Forecast Analysis – by Industry Vertical
10.3.6 Europe: Vision Sensor Market – Revenue and Forecast Analysis – by Country
10.3.6.1 Europe: Vision Sensor Market – Revenue and Forecast Analysis – by Country
10.3.6.2 Germany: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.2.1 Germany: Vision Sensor Market Breakdown, by Type
10.3.6.2.2 Germany: Vision Sensor Market Breakdown, by Application
10.3.6.2.3 Germany: Vision Sensor Market Breakdown, by Industry Vertical
10.3.6.3 France: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.3.1 France: Vision Sensor Market Breakdown, by Type
10.3.6.3.2 France: Vision Sensor Market Breakdown, by Application
10.3.6.3.3 France: Vision Sensor Market Breakdown, by Industry Vertical
10.3.6.4 Italy: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.4.1 Italy: Vision Sensor Market Breakdown, by Type
10.3.6.4.2 Italy: Vision Sensor Market Breakdown, by Application
10.3.6.4.3 Italy: Vision Sensor Market Breakdown, by Industry Vertical
10.3.6.5 United Kingdom: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.5.1 United Kingdom: Vision Sensor Market Breakdown, by Type
10.3.6.5.2 United Kingdom: Vision Sensor Market Breakdown, by Application
10.3.6.5.3 United Kingdom: Vision Sensor Market Breakdown, by Industry Vertical
10.3.6.6 Russia: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.6.1 Russia: Vision Sensor Market Breakdown, by Type
10.3.6.6.2 Russia: Vision Sensor Market Breakdown, by Application
10.3.6.6.3 Russian: Vision Sensor Market Breakdown, by Industry Vertical
10.3.6.7 Rest of Europe: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.3.6.7.1 Rest of Europe: Vision Sensor Market Breakdown, by Type
10.3.6.7.2 Rest of Europe: Vision Sensor Market Breakdown, by Application
10.3.6.7.3 Rest of Europe: Vision Sensor Market Breakdown, by Industry Vertical
10.4 Asia Pacific
10.4.1 Asia Pacific Vision Sensor Market Overview
10.4.2 Asia Pacific: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.4.3 Asia Pacific: Vision Sensor Market Breakdown, by Type
10.4.3.1 Asia Pacific: Vision Sensor Market – Revenue and Forecast Analysis – by Type
10.4.4 Asia Pacific: Vision Sensor Market Breakdown, by Application
10.4.4.1 Asia Pacific: Vision Sensor Market – Revenue and Forecast Analysis – by Application
10.4.5 Asia Pacific: Vision Sensor Market Breakdown, by Industry Vertical
10.4.5.1 Asia Pacific: Vision Sensor Market – Revenue and Forecast Analysis – by Industry Vertical
10.4.6 Asia Pacific: Vision Sensor Market – Revenue and Forecast Analysis – by Country
10.4.6.1 Asia Pacific: Vision Sensor Market – Revenue and Forecast Analysis – by Country
10.4.6.2 Australia: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.2.1 Australia: Vision Sensor Market Breakdown, by Type
10.4.6.2.2 Australia: Vision Sensor Market Breakdown, by Application
10.4.6.2.3 Australia: Vision Sensor Market Breakdown, by Industry Vertical
10.4.6.3 China: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.3.1 China: Vision Sensor Market Breakdown, by Type
10.4.6.3.2 China: Vision Sensor Market Breakdown, by Application
10.4.6.3.3 China: Vision Sensor Market Breakdown, by Industry Vertical
10.4.6.4 Japan: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.4.1 Japan: Vision Sensor Market Breakdown, by Type
10.4.6.4.2 Japan: Vision Sensor Market Breakdown, by Application
10.4.6.4.3 Japan: Vision Sensor Market Breakdown, by Industry Vertical
10.4.6.5 India: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.5.1 India: Vision Sensor Market Breakdown, by Type
10.4.6.5.2 India: Vision Sensor Market Breakdown, by Application
10.4.6.5.3 India: Vision Sensor Market Breakdown, by Industry Vertical
10.4.6.6 South Korea: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.6.1 South Korea: Vision Sensor Market Breakdown, by Type
10.4.6.6.2 South Korea: Vision Sensor Market Breakdown, by Application
10.4.6.6.3 South Korea: Vision Sensor Market Breakdown, by Industry Vertical
10.4.6.7 Rest of APAC: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.4.6.7.1 Rest of APAC: Vision Sensor Market Breakdown, by Type
10.4.6.7.2 Rest of APAC: Vision Sensor Market Breakdown, by Application
10.4.6.7.3 Rest of APAC: Vision Sensor Market Breakdown, by Industry Vertical
10.5 Middle East and Africa
10.5.1 Middle East and Africa Vision Sensor Market Overview
10.5.2 Middle East and Africa: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.5.3 Middle East and Africa: Vision Sensor Market Breakdown, by Type
10.5.3.1 Middle East and Africa: Vision Sensor Market – Revenue and Forecast Analysis – by Type
10.5.4 Middle East and Africa: Vision Sensor Market Breakdown, by Application
10.5.4.1 Middle East and Africa: Vision Sensor Market – Revenue and Forecast Analysis – by Application
10.5.5 Middle East and Africa: Vision Sensor Market Breakdown, by Industry Vertical
10.5.5.1 Middle East and Africa: Vision Sensor Market – Revenue and Forecast Analysis – by Industry Vertical
10.5.6 Middle East and Africa: Vision Sensor Market – Revenue and Forecast Analysis – by Country
10.5.6.1 Middle East and Africa: Vision Sensor Market – Revenue and Forecast Analysis – by Country
10.5.6.2 South Africa: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.2.1 South Africa: Vision Sensor Market Breakdown, by Type
10.5.6.2.2 South Africa: Vision Sensor Market Breakdown, by Application
10.5.6.2.3 South Africa: Vision Sensor Market Breakdown, by Industry Vertical
10.5.6.3 Saudi Arabia: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.3.1 Saudi Arabia: Vision Sensor Market Breakdown, by Type
10.5.6.3.2 Saudi Arabia: Vision Sensor Market Breakdown, by Application
10.5.6.3.3 Saudi Arabia: Vision Sensor Market Breakdown, by Industry Vertical
10.5.6.4 United Arab Emirates: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.4.1 United Arab Emirates: Vision Sensor Market Breakdown, by Type
10.5.6.4.2 United Arab Emirates: Vision Sensor Market Breakdown, by Application
10.5.6.4.3 United Arab Emirates: Vision Sensor Market Breakdown, by Industry Vertical
10.5.6.5 Rest of Middle East and Africa: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: Vision Sensor Market Breakdown, by Type
10.5.6.5.2 Rest of Middle East and Africa: Vision Sensor Market Breakdown, by Application
10.5.6.5.3 Rest of Middle East and Africa: Vision Sensor Market Breakdown, by Industry Vertical
10.6 South and Central America
10.6.1 South and Central America Vision Sensor Market Overview
10.6.2 South and Central America: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.6.3 South and Central America: Vision Sensor Market Breakdown, by Type
10.6.3.1 South and Central America: Vision Sensor Market – Revenue and Forecast Analysis – by Type
10.6.4 South and Central America: Vision Sensor Market Breakdown, by Application
10.6.4.1 South and Central America: Vision Sensor Market – Revenue and Forecast Analysis – by Application
10.6.5 South and Central America: Vision Sensor Market Breakdown, by Industry Vertical
10.6.5.1 South and Central America: Vision Sensor Market – Revenue and Forecast Analysis – by Industry Vertical
10.6.6 South and Central America: Vision Sensor Market – Revenue and Forecast Analysis – by Country
10.6.6.1 South and Central America: Vision Sensor Market – Revenue and Forecast Analysis – by Country
10.6.6.2 Brazil: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.6.6.2.1 Brazil: Vision Sensor Market Breakdown, by Type
10.6.6.2.2 Brazil: Vision Sensor Market Breakdown, by Application
10.6.6.2.3 Brazil: Vision Sensor Market Breakdown, by Industry Vertical
10.6.6.3 Argentina: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.6.6.3.1 Argentina: Vision Sensor Market Breakdown, by Type
10.6.6.3.2 Argentina: Vision Sensor Market Breakdown, by Application
10.6.6.3.3 Argentina: Vision Sensor Market Breakdown, by Industry Vertical
10.6.6.4 Rest of South and Central America: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.6.6.4.1 Rest of South and Central America: Vision Sensor Market Breakdown, by Type
10.6.6.4.2 Rest of South and Central America: Vision Sensor Market Breakdown, by Application
10.6.6.4.3 Rest of South and Central America: Vision Sensor Market Breakdown, by Industry Vertical
11. Competitive Landscape
11.1 Heat Map Analysis By Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Cognex Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Teledyne Technologies Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Keyence Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Sick AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Balluff GmbH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Baumer Holding AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Pepperl+Fuchs SE
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 ifm Electronic GmbH
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Hans Turck GmbH & Co. KG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Leuze electronic GmbH & Co KG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
List of Tables
Table 1. Vision Sensor Market Segmentation
Table 2. List of Vendors
Table 3. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 5. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 6. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Industry Vertical
Table 7. North America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 8. North America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 9. North America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 10. North America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 11. United States: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 12. United States: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 13. United States: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 14. Canada: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 15. Canada: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 16. Canada: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 17. Mexico: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 18. Mexico: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 19. Mexico: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 20. Europe: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 21. Europe: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 22. Europe: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 23. Europe: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 24. Germany: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 25. Germany: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 26. Germany: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 27. France: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 28. France: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 29. France: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 30. Italy: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 31. Italy: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 32. Italy: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 33. United Kingdom: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 34. United Kingdom: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 35. United Kingdom: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 36. Russia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 37. Russia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 38. Russian: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 39. Rest of Europe: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 40. Rest of Europe: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 41. Rest of Europe: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 42. Asia Pacific: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 43. Asia Pacific: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 44. Asia Pacific: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 45. Asia Pacific: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 46. Australia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 47. Australia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 48. Australia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 49. China: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 50. China: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 51. China: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 52. Japan: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 53. Japan: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 54. Japan: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 55. India: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 56. India: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 57. India: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 58. South Korea: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 59. South Korea: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 60. South Korea: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 61. Rest of APAC: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 62. Rest of APAC: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 63. Rest of APAC: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 64. Middle East and Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 65. Middle East and Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 66. Middle East and Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 67. Middle East and Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 68. South Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 69. South Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 70. South Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 71. Saudi Arabia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 72. Saudi Arabia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 73. Saudi Arabia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 74. United Arab Emirates: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 75. United Arab Emirates: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 76. United Arab Emirates: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 77. Rest of Middle East and Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 78. Rest of Middle East and Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 79. Rest of Middle East and Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 80. South and Central America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 81. South and Central America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 82. South and Central America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 83. South and Central America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 84. Brazil: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 85. Brazil: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 86. Brazil: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 87. Argentina: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 88. Argentina: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 89. Argentina: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 90. Rest of South and Central America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 91. Rest of South and Central America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 92. Rest of South and Central America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 93. Company Positioning & Concentration
Table 94. List of Abbreviation
List of Figures
Figure 1. Vision Sensor Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Vision Sensor Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Vision Guided Robotics Software Market Breakdown by Geography, 2022 and 2030 (%)
Figure 6. Vision Sensor Market Revenue (US$ Million), 2022–2030
Figure 7. Vision Sensor Market Share (%) – by Type (2022 and 2030)
Figure 8. Less than 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 10. Vision Sensor Market Share (%) – by Application (2022 and 2030)
Figure 11. Inspection: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Gauging: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Code Reading: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 15. Vision Sensor Market Share (%) – by Industry Vertical (2022 and 2030)
Figure 16. Automotive: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Electronics: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Food and Beverage: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Industrial Manufacturing: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 21. Vision Sensor Market Breakdown by Region, 2022 and 2030 (%)
Figure 22. North America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. North America: Vision Sensor Market Breakdown, by Type (2022 and 2030)
Figure 24. North America: Vision Sensor Market Breakdown, by Application (2022 and 2030)
Figure 25. North America: Vision Sensor Market Breakdown, by Industry Vertical (2022 and 2030)
Figure 26. North America: Vision Sensor Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 27. United States: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 28. Canada: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 29. Mexico: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 30. Europe: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 31. Europe: Vision Sensor Market Breakdown, by Type (2022 and 2030)
Figure 32. Europe: Vision Sensor Market Breakdown, by Application (2022 and 2030)
Figure 33. Europe: Vision Sensor Market Breakdown, by Industry Vertical (2022 and 2030)
Figure 34. Europe: Vision Sensor Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 35. Germany: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 36. France: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 37. Italy: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 38. United Kingdom: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 39. Russia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 40. Rest of Europe: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 41. Asia Pacific: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 42. Asia Pacific: Vision Sensor Market Breakdown, by Type (2022 and 2030)
Figure 43. Asia Pacific: Vision Sensor Market Breakdown, by Application (2022 and 2030)
Figure 44. Asia Pacific: Vision Sensor Market Breakdown, by Industry Vertical (2022 and 2030)
Figure 45. Asia Pacific: Vision Sensor Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 46. Australia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 47. China: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 48. Japan: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 49. India: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 50. South Korea: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 51. Rest of APAC: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 52. Middle East and Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 53. Middle East and Africa: Vision Sensor Market Breakdown, by Type (2022 and 2030)
Figure 54. Middle East and Africa: Vision Sensor Market Breakdown, by Application (2022 and 2030)
Figure 55. Middle East and Africa: Vision Sensor Market Breakdown, by Industry Vertical (2022 and 2030)
Figure 56. Middle East and Africa: Vision Sensor Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 57. South Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 58. Saudi Arabia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 59. United Arab Emirates: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 60. Rest of Middle East and Africa: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 61. South and Central America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 62. South and Central America: Vision Sensor Market Breakdown, by Type (2022 and 2030)
Figure 63. South and Central America: Vision Sensor Market Breakdown, by Application (2022 and 2030)
Figure 64. South and Central America: Vision Sensor Market Breakdown, by Industry Vertical (2022 and 2030)
Figure 65. South and Central America: Vision Sensor Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 66. Brazil: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 67. Argentina: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 68. Rest of South and Central America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 69. Heat Map Analysis By Key Players
The List of Companies - Vision Sensor Market
- Cognex Corporation
- Teledyne Digital Imaging Inc.
- KEYENCE CORPORATION
- Sick AG
- Balluff GmbH
- Baumer Holding AG
- Pepperl+Fuchs
- ifm electronic gmbh
- Hans Turck GmbH & Co. KG
- Leuze electronic GmbH & Co. KG.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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