Market Research Future (MRFR) in the new report on the “Global Vision Sensor Market 2020”, states determiners and restrains on the market. As per MRFR research, the global Vision Sensor market was valued at USD 1.86 billion in 2018 and is expected to reach USD 3.87 billion by the end of forecast period with a CAGR of 13.43%.
Vision sensors are used in factories and aid operators to
gain insights on the manufacturing process in real time images for smooth
process flow. Vision sensors are often integrated with specific applications or
systems which support human-machine interface (HMI) development can make object
pass/fail decisions, and communicate with the factory floor. Vision sensors are
easily integrated with larger systems, offer built-in Ethernet communications,
and enable single-point and multiple-point inspections with dedicated
processing.
Segmentation
By type, the market has been classified into contour sensors, pixel counter
sensors, 3D sensors, monochrome sensors, color sensors, and code readers. The
code reader segment was the largest revenue contributing segment in 2018; it is
expected to continue its dominance throughout the forecast period. The 3D
sensor segment is expected to grow at a high CAGR during the forecast period.
By application, the vision sensor market has been segmented into inspection,
code reading, object recognition, localization, gauging, and others. The
localization segment is expected to grow at a significant CAGR during the
forecast period. The inspection segment dominated the vision sensor market in
2018; it is expected to contribute a significant revenue share to the market
during the forecast period due to its extensive use in smart factories.
By end-user, the market has been segmented into automotive, electronics &
semiconductor, consumer electronics, pharmaceutical, food & packaging, and
others. The automotive industry contributed to the largest revenue in 2018; it
is expected to continue its dominance during the forecast period. The consumer
electronics segment is expected to grow at a high CAGR during the forecast
period.
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Key
players
The key players profiled in the vision sensor market are Cognex (US), Keyence
(Japan), Sick AG (Germany), Omron (Japan), Teledyne (US), Baumer (Switzerland),
Datalogic S.p.A. (Italy), IFM Electronic (Germany), Balluff GmbH (Germany), and
Basler AG (Germany). These players contribute a major share to the growth of
the vision sensor market. The other prominent companies in the vision sensor
market include Hans Turck GmbH & Co. KG (Germany), Leuze electronic
GmbH+Co. KG (Germany), Pepperl+Fuchs GmbH (UK), and SensoPart (Germany) among
others.
Regional Analysis
The global market for vision sensor is estimated to grow at a significant rate
during the forecast period from 2019 to 2024. The geographical analysis of the
vision sensor market has been done for North America, Europe, Asia-Pacific, and
the rest of the world.
North America dominated the market in 2018; it is expected to dominate the
vision sensor market throughout the forecast period. Machine vision systems are
extensively implemented in the automotive and food and packaging industries,
creating high demand for vision sensors. Adoption of Industry 4.0 and smart
factory projects in the region are some of the factors leading to the growth of
vision sensors market. Asia-Pacific is expected to grow at the highest CAGR
during the forecast period. Manufacturers in China and Japan are rapidly
adopting automation in manufacturing plants which is leading to the growth of
the product.
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Information: https://www.marketresearchfuture.com/reports/vision-sensor-market-7771
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Vision sensor Market Segmentation
8. Vision sensor Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
Continued...…
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