Global Vision Sensor Market Research Report—Forecast till 2027

Global Vision Sensor Market, by Type (Contour Sensor, Pixel Counter Sensor, 3D Sensor, Monochrome Sensor, Color Sensor, Code Readers), by Application (Inspection, Code Reading, Object Recognition, Localization, Gauging, Others), by End-User (Automotive, Electronics & Semiconductor, Consumer Electronics, Pharmaceutical, Food & Packaging, Others)—Forecast till 2027

ID: MRFR/SEM/6301-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2019-2024 to 2020-2027. Cordially fill the sample form for updated data.

Market Synopsis
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 the forecast period with a CAGR of 13.43%.
Vision sensors are installed in factories and enterprises to enable the operators to inspect images for smooth process flow. Vision sensors are deployed with specific applications or systems which can make object pass/fail decisions, support human-machine interface (HMI) development and communicate with the factory floor. These sensors are easy to integrate with larger systems, offer built-in Ethernet communications, and enable single-point and multiple-point inspections with dedicated processing. Vision sensors make use of images captured by cameras to recognize the presence, accuracy, and orientation of the object. Vision sensors are extensively used in machine vision which experiences high demand in the industrial sector. These sensors have various applications in the food and packaging industry as this sector invests heavily in machine vision solutions to optimize process flow and reduce waste by removing non-saleable products. Growth of Industry 4.0 is one of the major factors driving the vision sensor market. Implementing machine vision provides advantages such as refining product quality, decreasing operating costs, and enhancing manufacturing flexibility.
Machine vision is expected to be a critical part of Industry 4.0 in the coming years. Vision systems provide increased productivity at low cost. There has been rapid growth in the number of smart factories projects across the globe, and it is expected to grow exponentially in countries such as the US, China, Japan, and Germany. All these factors are expected to boost the demand for vision sensors during the forecast period.
Segmentation
By type, the market has been classified into contour sensor, pixel counter sensor, 3D sensor, monochrome sensor, color sensor, and code readers. The code reader segment contributed the largest revenue share in 2018; it is expected to continue its dominance throughout the forecast period. The 3D sensor segment is expected to grow at a significant 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 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 usage in smart factories. The localization segment is expected to grow at a significant CAGR during the forecast period.
By end-user, the market has been segmented into automotive, electronics & semiconductor, consumer electronics, pharmaceutical, food & packaging, and others. The automotive industry dominated the market in 2018 and is expected to continue its dominance by the end of the period. In the automotive industry, component inspection, component’s misalignment detection, and defect identification of faulty components, is performed on the assembly line by vision sensors which are expected to boost the demand for the same in the automotive industry. The consumer electronics segment is expected to grow at a high CAGR during the forecast period.
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 (including the Middle East, Africa, and South America). Among the regions mentioned, North America is expected to dominate the vision sensor market. Early adoption of Industry 4.0 and upcoming smart factories projects in the region are some of the leading factors promoting the demand for vision sensors. Moreover, machine vision systems are extensively implemented in automotive and food and packaging industry, creating high demand for the same.
Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Manufacturers, particularly in China and Japan, are adopting automation in manufacturing plants which are leading to the fast growth of the product. Also, the Asia-Pacific region is quickly advancing in robotics and smart manufacturing which is creating immense opportunities for the growth of the vision sensor market. Europe is also expected to contribute a significant share of revenue due to the presence of vision sensor vendors in the region.
Global Vision Sensor Market, USD Billion

Vision Sensor Market

Source: MRFR Analysis

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 the forecast period with a CAGR of 13.43%.
Competition Analysis
The vision sensor market has witnessed a high demand globally due to the rise in demand for smart manufacturing in various sectors such as automotive and food and packaging. Major players have opted for partnerships and new product development as their key organic growth strategies to strengthen their position in the market. For instance, in July 2018, Keyence (Japan) launched IV-H series of vision sensors which helps in increasing the stability and functionality of visual inspection.
Key players
The key players in the vision sensor market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them 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 in the growth of vision sensor market.
Apart from the top key players, there are other players that contribute to the market growth. These include Hans Turck GmbH & Co. KG (Germany), Leuze electronic GmbH+Co. KG (Germany), Pepperl+Fuchs GmbH (UK), and SensoPart (Germany).
Intended Audience
• Vision sensor manufacturers
• Vision sensor distributors
• Machine vision system manufacturers and distributors
• Semiconductor companies
• Research organizations and consulting companies
• Forums, and alliances related to supercapacitor
• Investors
• Industry associations
• Regulatory bodies



Frequently Asked Questions (FAQ) :


The market size in the year 2018 was USD 1.86 billion.

Pixel counter sensor, contour sensor, monochrome sensor, 3D sensor, code readers and color sensor are the types of vision sensors mentioned in the report.

The code reader segment is the top application-wise segment in the market.

Electronics & semiconductor, automotive, pharmaceutical, consumer electronics, food & packaging, are the significant end-users in the global market.

Emergence of Industry 4.0 along with the rising number of smart factories projects make North America the strongest market.

TABLE OF CONTENTS


1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.3 Research Objectives

2.4 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Segment Rivalry

4.1.5 Bargaining Power of Suppliers

4.2 Value Chain/Supply Chain of Vision Sensor

5 Market Landscape

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7 Vision Sensor Market by Type

7.1 Introduction

7.2 Contour Sensor

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Pixel Counter Sensor

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 3D Sensor

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Monochrome Sensor

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

7.6 Color Sensor

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast by Region, 2020-2027

7.7 Code Readers

7.7.1 Market Estimates & Forecast, 2020-2027

7.7.2 Market Estimates & Forecast by Region, 2020-2027

8 Vision Sensor Market by Application

8.1 Introduction

8.2 Inspection

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Code Reading

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027

8.4 Object Recognition

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Region, 2020-2027

8.5 Localization

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Region, 2020-2027

8.6 Gauging

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Region, 2020-2027

8.7 Others

8.7.1 Market Estimates & Forecast, 2020-2027

8.7.2 Market Estimates & Forecast by Region, 2020-2027

9 Vision Sensor Market by End-User

9.1 Introduction

9.2 Automotive

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Region, 2020-2027

9.3 Electronics & Semiconductor

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Region, 2020-2027

9.4 Consumer Electronics

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Region, 2020-2027

9.5 Pharmaceutical

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Region, 2020-2027

9.6 Food & Packaging

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Region, 2020-2027

9.7 Others

9.7.1 Market Estimates & Forecast, 2020-2027

9.7.2 Market Estimates & Forecast by Region, 2020-2027

10 Vision Sensor Market by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast by Country, 2020-2027

10.2.2 Market Estimates & Forecast by Type, 2020-2027

10.2.3 Market Estimates & Forecast by Application, 2020-2027

10.2.4 Market Estimates & Forecast by End-User, 2020-2027

10.2.5 US

10.2.5.1 Market Estimates & Forecast by Type, 2020-2027

10.2.5.2 Market Estimates & Forecast by Application, 2020-2027

10.2.5.3 Market Estimates & Forecast by End-User, 2020-2027

10.2.6 Canada

10.2.6.1 Market Estimates & Forecast by Type, 2020-2027

10.2.6.2 Market Estimates & Forecast by Application, 2020-2027

10.2.6.3 Market Estimates & Forecast by End-User, 2020-2027

10.2.7 Mexico

10.2.7.1 Market Estimates & Forecast by Type, 2020-2027

10.2.7.2 Market Estimates & Forecast by Application, 2020-2027

10.2.7.3 Market Estimates & Forecast by End-User, 2020-2027

10.3 Europe

10.3.1 Market Estimates & Forecast by Country, 2020-2027

10.3.2 Market Estimates & Forecast by Type, 2020-2027

10.3.3 Market Estimates & Forecast by Application, 2020-2027

10.3.4 Market Estimates & Forecast by End-User, 2020-2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast by Type, 2020-2027

10.3.5.2 Market Estimates & Forecast by Application, 2020-2027

10.3.5.3 Market Estimates & Forecast by End-User, 2020-2027

10.3.6 UK

10.3.6.1 Market Estimates & Forecast by Type, 2020-2027

10.3.6.2 Market Estimates & Forecast by Application, 2020-2027

10.3.6.3 Market Estimates & Forecast by End-User, 2020-2027

10.3.7 France

10.3.7.1 Market Estimates & Forecast by Type, 2020-2027

10.3.7.2 Market Estimates & Forecast by Application, 2020-2027

10.3.7.3 Market Estimates & Forecast by End-User, 2020-2027

10.3.8 Rest of Europe

10.3.8.1 Market Estimates & Forecast by Type, 2020-2027

10.3.8.2 Market Estimates & Forecast by Application, 2020-2027

10.3.8.3 Market Estimates & Forecast by End-User, 2020-2027

10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast by Country, 2020-2027

10.4.2 Market Estimates & Forecast by Type, 2020-2027

10.4.3 Market Estimates & Forecast by Application, 2020-2027

10.4.4 Market Estimates & Forecast by End-User, 2020-2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast by Type, 2020-2027

10.4.5.2 Market Estimates & Forecast by Application, 2020-2027

10.4.5.3 Market Estimates & Forecast by End-User, 2020-2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast by Type, 2020-2027

10.4.6.2 Market Estimates & Forecast by Application, 2020-2027

10.4.6.3 Market Estimates & Forecast by End-User, 2020-2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast by Type, 2020-2027

10.4.7.2 Market Estimates & Forecast by Application, 2020-2027

10.4.7.3 Market Estimates & Forecast by End-User, 2020-2027

10.4.8 Rest of Asia-Pacific

10.4.8.1 Market Estimates & Forecast by Type, 2020-2027

10.4.8.2 Market Estimates & Forecast by Application, 2020-2027

10.4.8.3 Market Estimates & Forecast by End-User, 2020-2027

10.5 Rest of the World

10.5.1 Market Estimates & Forecast by Country, 2020-2027

10.5.2 Market Estimates & Forecast by Type, 2020-2027

10.5.3 Market Estimates & Forecast by Application, 2020-2027

10.5.4 Market Estimates & Forecast by End-User, 2020-2027

10.5.5 Middle East & Africa

10.5.5.1 Market Estimates & Forecast by Type, 2020-2027

10.5.5.2 Market Estimates & Forecast by Application, 2020-2027

10.5.5.3 Market Estimates & Forecast by End-User, 2020-2027

10.5.6 South America

10.5.6.1 Market Estimates & Forecast by Type, 2020-2027

10.5.6.2 Market Estimates & Forecast by Application, 2020-2027

10.5.6.3 Market Estimates & Forecast by End-User, 2020-2027

11 Competitive Landscape

12 Company Profiles

12.1 Cognex Corporation

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.1.6 Key Strategy

12.2 Keyence Corporation

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.2.5 SWOT Analysis

12.2.6 Key Strategy

12.3 Sick AG

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.3.5 SWOT Analysis

12.3.6 Key Strategy

12.4 Omron Corporation

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.4.5 SWOT Analysis

12.4.6 Key Strategy

12.5 Teledyne Technologies, Inc.

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.5.5 SWOT Analysis

12.5.6 Key Strategy

12.6 Baumer

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.6.5 SWOT Analysis

12.6.6 Key Strategy

12.7 Datalogic S.p.A.

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.7.5 SWOT Analysis

12.7.6 Key Strategy

12.8 IFM Electronic

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.8.5 SWOT Analysis

12.8.6 Key Strategy

12.9 Balluff GmbH

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.9.5 SWOT Analysis

12.9.6 Key Strategy

12.10 Basler AG

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

12.10.5 SWOT Analysis

12.10.6 Key Strategy

13 Conclusion


LIST OF TABLES

Table 1 Global Vision Sensor Market, by Region, 2020-2027

Table 2 North America: Vision Sensor Market, by Country, 2020-2027

Table 3 Europe: Vision Sensor Market, by Country, 2020-2027

Table 4 Asia-Pacific: Vision Sensor Market, by Country, 2020-2027

Table 5 Middle East & Africa: Vision Sensor Market, by Country, 2020-2027

Table 6 South America: Vision Sensor Market, by Country, 2020-2027

Table 7 Global Vision Sensor Type Market, by Region, 2020-2027

Table 8 North America: Vision Sensor Type Market, by Country, 2020-2027

Table 9 Europe: Vision Sensor Type Market, by Country, 2020-2027

Table 10 Asia-Pacific: Vision Sensor Type Market, by Country, 2020-2027

Table 11 Middle East & Africa: Vision Sensor Type Market, by Country, 2020-2027

Table 12 South America: Vision Sensor Type Market, by Country, 2020-2027

Table 13 Global Vision Sensor Application Market, by Region, 2020-2027

Table 14 North America: Vision Sensor Application Market, by Country, 2020-2027

Table 15 Europe: Vision Sensor Application Market, by Country, 2020-2027

Table 16 Asia-Pacific: Vision Sensor Application Market, by Country, 2020-2027

Table 17 Middle East & Africa: Vision Sensor Application Market, by Country, 2020-2027

Table 18 South America: Vision Sensor Application Market, by Country, 2020-2027

Table 19 Global Vision Sensor End-User Market, by Region, 2020-2027

Table 20 North America: Vision Sensor End-User Market, by Country, 2020-2027

Table 21 Europe: Vision Sensor End-User Market, by Country, 2020-2027

Table 22 Asia-Pacific: Vision Sensor End-User Market, by Country, 2020-2027

Table 23 Middle East & Africa: Vision Sensor End-User Market, by Country, 2020-2027

Table 24 South America: Vision Sensor End-User Market, by Country, 2020-2027


LIST OF FIGURES

FIGURE 1 Global Vision Sensor Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Global Vision Sensor Market

FIGURE 4 Value Chain of Global Vision Sensor Market

FIGURE 5 Share of the Global Vision Sensor Market in 2020, by Country (in %)

FIGURE 6 Global Vision Sensor Market, 2020-2027

FIGURE 7 Global Vision Sensor Market Size, by Type, 2020

FIGURE 8 Global Vision Sensor Market Size, by Application, 2020

FIGURE 9 Global Vision Sensor Market Size, by End-User, 2020