Pune, India, April, 2019, MRFR Press Release/- Market Research Future published a half-cooked research report on the global vision sensor market.
The global vision sensor market was valued at USD 1.86 billion in 2018; it is expected to reach USD 3.87 billion by the end of the 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.
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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