In 2017-2018, automobile production in Indonesia recorded an increase of 10.3%. Seeing the burgeoning demand for vehicles in the country, Toyota Group plans to invest $2 billion between 2019 and 2024 to expand its business here. The automotive sector of several other developing countries shows a similar trend of vehicle manufacturers expanding their production capacity. With the surge in the number of vehicles being produced around the world, the sale of vision sensors will also increase, as such devices are used for localization, inspection, and identification.
Thus, the vision sensor market would witness a robust growth in its revenue, from $2.5 billion in 2019 to $9.2 billion by 2030, at a 12.7% CAGR during 2020-2030 (forecast period). Such devices are widely used for gauging, inspection, localization, and code reading applications, which are of high importance in numerous industries. Other applications of such components in the automotive sector are detection of a hole in a camshaft, differentiation of cylinder blocks, checking for faulty components in a car stereo, detection of missing balls in a bearing, differentiation of various types of tires and gear types, and verification of correct nut assembly.
Apart from automobile manufacturing, vision sensors are also widely integrated in product packaging lines. Here, these devices perform the all-important function of inspecting the text, logo, and code on labels, foil wrapping seams, checking bottles in the packaging box, and detecting the position of the label to determine if it is correctly placed. The packaging sector is expanding swiftly in developing countries, including China and India. This is a direct result of the growth in the pharmaceutical and food and beverages sectors. Further, the export of products requires sturdy and resilient packaging, which is another reason for the sector's prosperity.
Two kinds of vision sensors are used in industries: monochrome and color. Of these, monochrome sensors are more preferred among manufacturers and packaging firms, as they are technically better than the color variants. Further, monochromatic vision sensors consume less electricity, which results in their higher adoption. In the coming years though, the adoption of color sensors would witness a rapid surge, as the visual appeal of products is becoming increasingly important for marketing purposes, which is why determining that the color is just right is becoming the need of the hour.
Around the world, the largest vision sensor market is Asia-Pacific (APAC), with the escalating demand of the booming population for consumer electronics and automobiles. Additionally, with the strong government support for electric vehicles in the region, in the form of tax rebates and purchase subsidies, the usage of vision sensors would continue surging. In several regional nations, such as India, Thailand, and China, manufacturers are automating their processes to meet the rising demand for various products. Vision sensors are an important aspect of industrial automation, as they remove the requirement for human product inspectors.
With the rapid advancements in the cloud, big data, and artificial intelligence technologies, smart vision sensors have made it to the manufacturing process of several firms. Another reason for the growing popularity of smart sensors is the quick adoption of internet of things (IoT). By equipping these instruments with deep learning, a reference data picture set can be studied for defects. The Industrial Technology Research Institute (ITRI) of Taiwan has begun using smart vision sensors in garment production, to automatically inspect the color, shape, quality, and location of the wearables.
Thus, with manufacturers focusing on product quality and process automation, vision sensors will witness an even wider application in the coming years
TABLE OF CONTENTS
Chapter 1. Research Background
- 1.1 Research Objectives
- 1.2 Market Definition
- 1.3 Research Scope
- 1.3.1 Market Segmentation by Type
- 1.3.2 Market Segmentation by Application
- 1.3.3 Market Segmentation by Industry
- 1.3.4 Market Segmentation by Region
- 1.3.5 Analysis Period
- 1.3.6 Market Data Reporting Unit
- 1.3.6.1 Value
- 1.3.6.2 Volume
- 1.4 Key Stakeholders
Chapter 2. Research Methodology
- 2.1 Secondary Research
- 2.2 Primary Research
- 2.2.1 Breakdown of Primary Research Respondents
- 2.2.1.1 By region
- 2.2.1.2 By industry participant
- 2.2.1.3 By company type
- 2.3 Market Size Estimation
- 2.4 Data Triangulation
- 2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
- 4.1 Definition of Market Segments
- 4.1.1 By Type
- 4.1.1.1 Monochrome
- 4.1.1.2 Color
- 4.1.2 By Application
- 4.1.2.1 Inspection
- 4.1.2.2 Gauging
- 4.1.2.3 Code Reading
- 4.1.2.4 Localization
- 4.1.2.5 Others
- 4.1.3 By Industry
- 4.1.3.1 Automotive
- 4.1.3.2 Food & Beverage
- 4.1.3.3 Electronics
- 4.1.3.4 Packaging
- 4.1.3.5 Pharmaceutical
- 4.1.3.6 Others
- 4.2 Value Chain Analysis
- 4.3 Market Dynamics
- 4.3.1 Trends
- 4.3.1.1 Increasing demand for smart vision sensor
- 4.3.2 Drivers
- 4.3.2.1 Growing packaging industry
- 4.3.2.2 Growing demand from automotive industry
- 4.3.2.3 Impact analysis of drivers on market forecast
- 4.3.3 Restraints
- 4.3.3.1 High installation cost
- 4.3.3.2 Impact analysis of restraints on market forecast
- 4.3.4 Opportunities
- 4.3.4.1 Surging demand for industrial automation solution
- 4.4 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
- 5.1 By Type
- 5.2 By Application
- 5.3 By Industry
- 5.4 By Region
Chapter 6. North America Market Size and Forecast
- 6.1 By Type
- 6.2 By Application
- 6.3 By Industry
- 6.4 By Country
Chapter 7. Europe Market Size and Forecast
- 7.1 By Type
- 7.2 By Application
- 7.3 By Industry
- 7.4 By Country
Chapter 8. APAC Market Size and Forecast
- 8.1 By Type
- 8.2 By Application
- 8.3 By Industry
- 8.4 By Country
Chapter 9. LATAM Market Size and Forecast
- 9.1 By Type
- 9.2 By Application
- 9.3 By Industry
- 9.4 By Country
Chapter 10. MEA Market Size and Forecast
- 10.1 By Type
- 10.2 By Application
- 10.3 By Industry
- 10.4 By Country
Chapter 11. Competitive Landscape
- 11.1 List of Players and Their Offerings
- 11.2 Competitive Analysis of Key Players
- 11.3 Competitive Benchmarking of Key Players
- 11.4 Recent Activities of Market Players
- 11.5 Strategic Developments of Market Players
- 11.5.1 Mergers and Acquisitions
- 11.5.2 Product Launches
- 11.5.3 Partnerships
Chapter 12. Company Profiles
- 12.1 Cognex Corporation
- 12.1.1 Business Overview
- 12.1.2 Product and Service Offerings
- 12.1.3 Key Financial Summary
- 12.2 SICK AG
- 12.2.1 Business Overview
- 12.2.2 Product and Service Offerings
- 12.2.3 Key Financial Summary
- 12.3 OMRON Corporation
- 12.3.1 Business Overview
- 12.3.2 Product and Service Offerings
- 12.3.3 Key Financial Summary
- 12.4 Teledyne Technologies Incorporated
- 12.4.1 Business Overview
- 12.4.2 Product and Service Offerings
- 12.4.3 Key Financial Summary
- 12.5 KEYENCE CORPORATION
- 12.5.1 Business Overview
- 12.5.2 Product and Service Offerings
- 12.5.3 Key Financial Summary
- 12.6 Balluff GmbH
- 12.6.1 Business Overview
- 12.6.2 Product and Service Offerings
- 12.7 Baumer Holding AG
- 12.7.1 Business Overview
- 12.7.2 Product and Service Offerings
- 12.8 ifm electronic gmbh
- 12.8.1 Business Overview
- 12.8.2 Product and Service Offerings
- 12.9 Pepperl+Fuchs AG
- 12.9.1 Business Overview
- 12.9.2 Product and Service Offerings
- 12.10 wenglor sensoric GmbH
- 12.10.1 Business Overview
- 12.10.2 Product and Service Offerings
Chapter 13. Appendix
- 13.1 Abbreviations
- 13.2 Sources and References
- 13.3 Related Reports
List of Tables
- TABLE 1 ANALYSIS PERIOD OF THE STUDY
- TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
- TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
- TABLE 4 GLOBAL VISION SENSOR MARKET, BY TYPE, $M (2014-2019)
- TABLE 5 GLOBAL VISION SENSOR MARKET, BY TYPE, $M (2020-2030)
- TABLE 6 GLOBAL VISION SENSOR MARKET, BY TYPE, THOUSAND UNITS (2014-2019)
- TABLE 7 GLOBAL VISION SENSOR MARKET, BY TYPE, THOUSAND UNITS (2020-2030)
- TABLE 8 GLOBAL VISION SENSOR MARKET, BY APPLICATION, $M (2014-2019)
- TABLE 9 GLOBAL VISION SENSOR MARKET, BY APPLICATION, $M (2020-2030)
- TABLE 10 GLOBAL VISION SENSOR MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 11 GLOBAL VISION SENSOR MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 12 GLOBAL VISION SENSOR MARKET, BY REGION, $M (2014-2019)
- TABLE 13 GLOBAL VISION SENSOR MARKET, BY REGION, $M (2020-2030)
- TABLE 14 GLOBAL VISION SENSOR MARKET, BY REGION, THOUSAND UNITS (2014-2019)
- TABLE 15 GLOBAL VISION SENSOR MARKET, BY REGION, THOUSAND UNITS (2020-2030)
- TABLE 16 NORTH AMERICA VISION SENSOR MARKET, BY TYPE, $M (2014-2019)
- TABLE 17 NORTH AMERICA VISION SENSOR MARKET, BY TYPE, $M (2020-2030)
- TABLE 18 NORTH AMERICA VISION SENSOR MARKET, BY TYPE, THOUSAND UNITS (2014-2019)
- TABLE 19 NORTH AMERICA VISION SENSOR MARKET, BY TYPE, THOUSAND UNITS (2020-2030)
- TABLE 20 NORTH AMERICA VISION SENSOR MARKET, BY APPLICATION, $M (2014-2019)
- TABLE 21 NORTH AMERICA VISION SENSOR MARKET, BY APPLICATION, $M (2020-2030)
- TABLE 22 NORTH AMERICA VISION SENSOR MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 23 NORTH AMERICA VISION SENSOR MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 24 NORTH AMERICA VISION SENSOR MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 25 NORTH AMERICA VISION SENSOR MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 26 EUROPE VISION SENSOR MARKET, BY TYPE, $M (2014-2019)
- TABLE 27 EUROPE VISION SENSOR MARKET, BY TYPE, $M (2020-2030)
- TABLE 28 EUROPE VISION SENSOR MARKET, BY TYPE, THOUSAND UNITS (2014-2019)
- TABLE 29 EUROPE VISION SENSOR MARKET, BY TYPE, THOUSAND UNITS (2020-2030)
- TABLE 30 EUROPE VISION SENSOR MARKET, BY APPLICATION, $M (2014-2019)
- TABLE 31 EUROPE VISION SENSOR MARKET, BY APPLICATION, $M (2020-2030)
- TABLE 32 EUROPE VISION SENSOR MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 33 EUROPE VISION SENSOR MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 34 EUROPE VISION SENSOR MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 35 EUROPE VISION SENSOR MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 36 APAC VISION SENSOR MARKET, BY TYPE, $M (2014-2019)
- TABLE 37 APAC VISION SENSOR MARKET, BY TYPE, $M (2020-2030)
- TABLE 38 APAC VISION SENSOR MARKET, BY TYPE, THOUSAND UNITS (2014-2019)
- TABLE 39 APAC VISION SENSOR MARKET, BY TYPE, THOUSAND UNITS (2020-2030)
- TABLE 40 APAC VISION SENSOR MARKET, BY APPLICATION, $M (2014-2019)
- TABLE 41 APAC VISION SENSOR MARKET, BY APPLICATION, $M (2020-2030)
- TABLE 42 APAC VISION SENSOR MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 43 APAC VISION SENSOR MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 44 APAC VISION SENSOR MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 45 APAC VISION SENSOR MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 46 LATAM VISION SENSOR MARKET, BY TYPE, $M (2014-2019)
- TABLE 47 LATAM VISION SENSOR MARKET, BY TYPE, $M (2020-2030)
- TABLE 48 LATAM VISION SENSOR MARKET, BY TYPE, THOUSAND UNITS (2014-2019)
- TABLE 49 LATAM VISION SENSOR MARKET, BY TYPE, THOUSAND UNITS (2020-2030)
- TABLE 50 LATAM VISION SENSOR MARKET, BY APPLICATION, $M (2014-2019)
- TABLE 51 LATAM VISION SENSOR MARKET, BY APPLICATION, $M (2020-2030)
- TABLE 52 LATAM VISION SENSOR MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 53 LATAM VISION SENSOR MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 54 LATAM VISION SENSOR MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 55 LATAM VISION SENSOR MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 56 MEA VISION SENSOR MARKET, BY TYPE, $M (2014-2019)
- TABLE 57 MEA VISION SENSOR MARKET, BY TYPE, $M (2020-2030)
- TABLE 58 MEA VISION SENSOR MARKET, BY TYPE, THOUSAND UNITS (2014-2019)
- TABLE 59 MEA VISION SENSOR MARKET, BY TYPE, THOUSAND UNITS (2020-2030)
- TABLE 60 MEA VISION SENSOR MARKET, BY APPLICATION, $M (2014-2019)
- TABLE 61 MEA VISION SENSOR MARKET, BY APPLICATION, $M (2020-2030)
- TABLE 62 MEA VISION SENSOR MARKET, BY INDUSTRY, $M (2014-2019)
- TABLE 63 MEA VISION SENSOR MARKET, BY INDUSTRY, $M (2020-2030)
- TABLE 64 MEA VISION SENSOR MARKET, BY COUNTRY, $M (2014-2019)
- TABLE 65 MEA VISION SENSOR MARKET, BY COUNTRY, $M (2020-2030)
- TABLE 66 LIST OF PLAYERS AND THEIR OFFERINGS
- TABLE 67 COMPETITIVE BENCHMARKING OF KEY PLAYERS
- TABLE 68 COGNEX CORPORATION - AT A GLANCE
- TABLE 69 COGNEX CORPORATION - KEY FINANCIAL SUMMARY
- TABLE 70 SICK AG - AT A GLANCE
- TABLE 71 SICK AG - KEY FINANCIAL SUMMARY
- TABLE 72 OMRON CORPORATION - AT A GLANCE
- TABLE 73 OMRON CORPORATION - KEY FINANCIAL SUMMARY
- TABLE 74 TELEDYNE TECHNOLOGIES INCORPORATED - AT A GLANCE
- TABLE 75 TELEDYNE TECHNOLOGIES INCORPORATED - KEY FINANCIAL SUMMARY
- TABLE 76 KEYENCE CORPORATION - AT A GLANCE
- TABLE 77 KEYENCE CORPORATION - KEY FINANCIAL SUMMARY
- TABLE 78 BALLUFF GMBH - AT A GLANCE
- TABLE 79 BAUMER HOLDING AG - AT A GLANCE
- TABLE 80 IFM ELECTRONIC GMBH - AT A GLANCE
- TABLE 81 PEPPERL+FUCHS AG - AT A GLANCE
- TABLE 82 WENGLOR SENSORIC GMBH - AT A GLANCE
-
List of Figures
- FIG 1 RESEARCH SCOPE
- FIG 2 RESEARCH METHODOLOGY
- FIG 3 REGIONAL SPLIT OF PRIMARY AND SECONDARY RESEARCH
- FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY REGION
- FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
- FIG 6 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
- FIG 7 DATA TRIANGULATION APPROACH
- FIG 8 GLOBAL VISION SENSOR MARKET SUMMARY
- FIG 9 VALUE CHAIN ANALYSIS OF VISION SENSOR MARKET
- FIG 10 BARGAINING POWER OF BUYERS
- FIG 11 BARGAINING POWER OF SUPPLIERS
- FIG 12 INTENSITY OF RIVALRY
- FIG 13 THREAT OF NEW ENTRANTS
- FIG 14 THREAT OF SUBSTITUTES
- FIG 15 GLOBAL VISION SENSOR MARKET, BY TYPE, $M (2014-2030)
- FIG 16 GLOBAL VISION SENSOR MARKET, BY APPLICATION, $M (2014-2030)
- FIG 17 GLOBAL VISION SENSOR MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 18 WORLDWIDE MAJOR MARKETS FOR VISION SENSOR
- FIG 19 GLOBAL VISION SENSOR MARKET, BY REGION, $M (2014-2030)
- FIG 20 NORTH AMERICA VISION SENSOR MARKET SNAPSHOT
- FIG 21 NORTH AMERICA VISION SENSOR MARKET, BY TYPE, $M (2014-2030)
- FIG 22 NORTH AMERICA VISION SENSOR MARKET, BY APPLICATION, $M (2014-2030)
- FIG 23 NORTH AMERICA VISION SENSOR MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 24 NORTH AMERICA VISION SENSOR MARKET, BY COUNTRY, $M (2014-2030)
- FIG 25 EUROPE VISION SENSOR MARKET SNAPSHOT
- FIG 26 EUROPE VISION SENSOR MARKET, BY TYPE, $M (2014-2030)
- FIG 27 EUROPE VISION SENSOR MARKET, BY APPLICATION, $M (2014-2030)
- FIG 28 EUROPE VISION SENSOR MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 29 EUROPE VISION SENSOR MARKET, BY COUNTRY, $M (2014-2030)
- FIG 30 APAC VISION SENSOR MARKET SNAPSHOT
- FIG 31 APAC VISION SENSOR MARKET, BY TYPE, $M (2014-2030)
- FIG 32 APAC VISION SENSOR MARKET, BY APPLICATION, $M (2014-2030)
- FIG 33 APAC VISION SENSOR MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 34 APAC VISION SENSOR MARKET, BY COUNTRY, $M (2014-2030)
- FIG 35 LATAM VISION SENSOR MARKET SNAPSHOT
- FIG 36 LATAM VISION SENSOR MARKET, BY TYPE, $M (2014-2030)
- FIG 37 LATAM VISION SENSOR MARKET, BY APPLICATION, $M (2014-2030)
- FIG 38 LATAM VISION SENSOR MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 39 LATAM VISION SENSOR MARKET, BY COUNTRY, $M (2014-2030)
- FIG 40 MEA VISION SENSOR MARKET SNAPSHOT
- FIG 41 MEA VISION SENSOR MARKET, BY TYPE, $M (2014-2030)
- FIG 42 MEA VISION SENSOR MARKET, BY APPLICATION, $M (2014-2030)
- FIG 43 MEA VISION SENSOR MARKET, BY INDUSTRY, $M (2014-2030)
- FIG 44 MEA VISION SENSOR MARKET, BY COUNTRY, $M (2014-2030)
- FIG 45 RANKING OF KEY VISION SENSOR MARKET PLAYERS
- FIG 46 RECENT ACTIVITIES OF MARKET PLAYERS
- FIG 47 COGNEX CORPORATION - REVENUE SPLIT BY GEOGRAPHY (2018)
- FIG 48 SICK AG - REVENUE SPLIT BY GEOGRAPHY (2018)
- FIG 49 OMRON CORPORATION - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
- FIG 50 TELEDYNE TECHNOLOGIES INCORPORATED - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
- FIG 51 KEYENCE CORPORATION - REVENUE SPLIT BY GEOGRAPHY (2019)
