Vision Sensor Market Scope
Rising demand of vision sensor in inspection and page reading application will help to boost global vision sensor market. Vision sensors use images taken by a camera to determine orientation, presence and accuracy of parts. Additionally, it is the system which consist display, video camera, interface, and the computer processor to automate industrial processes. Rapidly rising advanced automation technology and escalating automotive industry are the key driver of vision sensor market.
The market study is being classified by Type (2D, 3D and Other), by Application (Inspection, Gauging and Code Reading & Localization) and major geographies with country level break-up.
Research Analyst at AMA predicts that European Players will contribute to the maximum growth of Global Vision Sensor market throughout the predicted period.
Cognex Corporation (United States) , Teledyne Technologies International Corp (United States), Keyence Corporation (Japan), Sick AG (Germany), Baumer Electric AG (Switzerland), Omron Corporation (Japan), DescriptionDatalogic S.p.A. (Italy), Ifm Electronics (Germany), DatalogicAutomation (United States) and di-soric Industrie-electronic GmbH & Co. (Germany) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Festo (Germany) , Banner Engineering Corp. (United States) , Carlo Gavazzi Holding (Switzeland) and Hexagon Manufacturing Intelligence Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Vision Sensor market by Type, Application and Region.
On the basis of geography, the market of Vision Sensor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by System Platform, the sub-segment i.e. Pc-Based Machine Vision will boost the Vision Sensor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use Industry, the sub-segment i.e. Automotive will boost the Vision Sensor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Lenses will boost the Vision Sensor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 30th November 2018, Cognex Corporation, the leader in machine vision and industrial barcode reading has released In-Sight 9000, a series of ultra-high-resolution vision systems. The In-Sight 9000 series acquires exceptionally detailed images for high-accuracy part location, measurement, and inspection over large areas even when mounted at long distances.
In October 2018, a Switzerland based sensor system provider 'Baumer Electric AG' has launched its new CMOS-based GigE and USB 3.0 CX series of polarization cameras to exploit the polarization properties of light, enabling a variety of new industrial image processing applications, such as quality control of glass, carbon fiber fabric (CFRP), or reflective surfaces. In addition to this, In September 2018, German sensor system provider 'Sick AG' has introduced its Visionary-T DT sensor. It is a 3D vision sensor that uses single-snapshot time-of-flight (TOF) technology to detect the presence or absence of 3D objects.
- Rising Demand in Automotive Industry and Traffic Safety
- Increasing Demand for Bar Code Scanning
- Focus Of Manufacturing Companies on Cost and Time Saving
- High Demand Due To Increasing Electronics and Electrical Industries
- Growing Demand Due To Usage in Part Detection Technology
- Emergence of Iiot in Manufacturing
- Rising Concern about High Installation Cost and High Labor Cost
- Implementation of Product Differentiation Strategy by Established Companies
- Designing Miniaturized Image Sensor Chips
Key Target AudienceTechnical Universities, Government Research Agencies and Private Research Organizations, Government Bodies, Research Organizations and Consulting Companies and Others
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