Europe Machine Vision Lighting Market Growth Drivers and Forecast by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028Europe Machine Vision Lighting Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Lighting Type [LEDs, Fiber Optic Lights (Halogen), Florescent Lighting, and Xenon], Spectrum of Light (Visible Spectrum, UV Spectrum, and IR Spectrum), and Application (Automotive, Consumer Electronics, Food & Beverages, Pharmaceuticals, Logistics, and Others)
- Report Date : Oct 2021
- Report Code : TIPRE00025264
- Category : Electronics and Semiconductor
- Status : Published
- Available Report Formats :
- No. of Pages : 140
The machine vision lighting market in Europe is expected to grow from US$ 347.02 million in 2021 to US$ 601.43 million by 2028; it is estimated to grow at a CAGR of 8.2% from 2021 to 2028.
France, Germany, Italy, UK, and Russia are major economies in Europe. Manufacturing industry getting expanded and usage of advanced techniques is the major factor driving the growth of the Europe machine vision lighting market. The Europe manufacturing industry is rapidly expanding as more and newer regions are investing to adopt manufacturing plants in their localities. Moreover, the expansion in the manufacturing industry is further highly driven by the economic growth. Also, the industry is presently found to be in the middle of a technological renaissance, which is changing the outlook, systems, and processes of the modern factory. This technological revolution in the factories has been encouraging the manufacturing industries to further invest into these emerging technologies in order to enhance their productivity and production cycle. Thus, the rapid expansion in the manufacturing industry is expected to drive the demand for machine vision lighting. Since, machine vision is creating a substantial impact on industrial and manufacturing sector, the mentioned sectors have entered into a new era of digitization. Demand for Embedded Vision, Integration of CoaXPress v2.0, Vision Guided Robotics, Heightened Use of SWIR Cameras, Thermal Imaging, and improving AR ^ VR Capabilities are some of the aspects that are driving the adoption of machine vision in manufacturing & industrial sector, hence will assist in influencing the growth of machine vision lighting.
As selected countries observed a rise in the number of COVID-19 confirmed cases and subsequently witnessed the strict and longer lockdown periods or social isolation, the effect of the COVID-19 pandemic varied from country to country throughout Europe. However, due to the strong healthcare system, Western European countries such as Germany, France, Russia, and the UK have seen a comparatively modest decrease in their development activities. European government to protect its population from the virus spread has made huge investments in the implementation of technology in its healthcare systems for better detection of symptoms of the virus. Machine vision lighting in the region is being adopted across the manufacturing industry to efficiently detect and treat problems in production, which positively impacts the market. However, due to the temporary closure of all economic activities in the region, the adoption of technologies has experienced a dip across all other major industries in the region such as manufacturing, retail, and automotive. This is further expected to restrain the market growth over the years. Thus, the COVID-19 outbreak is expected to have a moderate to low impact on the machine vision lighting market in the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe machine vision lighting market. The Europe machine vision lighting market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Europe Machine Vision Lighting Market Segmentation
Europe Machine Vision Lighting Market – By Lighting Type
- LEDs
- Fiber Optic Lights (Halogen)
- Florescent Lighting
- Xenon
- Others
Europe Machine Vision Lighting Market – By Spectrum of Light
- Visible spectrum
- UV Spectrum
- IR spectrum
Europe Machine Vision Lighting Market – By Application
- Automotive
- Consumer Electronics
- Food & Beverage
- Pharmaceuticals
- Logistics
- Others
Europe Machine Vision Lighting Market, by Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Machine Vision Lighting Market - Companies Mentioned
- Advanced Illumination Inc
- Cognex Corporation
- EFFILUX
- Moritex Corporation
- National Instruments Corporation
- Omron Microscan System, Inc.
- ProPhotonix Limited
- Smart Vision Lights
- Spectrum Illumination
- TPL Vision
Europe Machine Vision Lighting Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 347.02 Million |
| Market Size by 2028 | US$ 601.43 Million |
| Global CAGR (2021 - 2028) | 8.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Lighting Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- Advanced Illumination Inc
- Cognex Corporation
- EFFILUX
- Moritex Corporation
- National Instruments Corporation
- Omron Microscan System, Inc.
- ProPhotonix Limited
- Smart Vision Lights
- Spectrum Illumination
- TPL Vision
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