Machine Vision Laser Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Type (Smart Machine Vision Lasers, 3D Machine Vision Lasers, and PC-Based Machine Vision Lasers), Application (Process Control, Automatic Inspection, Industrial Inspection, and Others), and End User (Automotive, Electronics and Semiconductor, Food and Beverages, Pharmaceuticals, Logistics, and Others

Publication Month: Nov 2020 | Report Code: TIPRE00015327 | No. of Pages: 177 | Category: Electronics and Semiconductor | Status: Published
Covid

The machine vision laser market was valued at US$ 3,711.3 million in 2019, and it is projected to reach US$ 7,144.4 million by 2027; it is expected to grow at a CAGR of 8.5% from 2020 to 2027.

 

Europe dominated the machine vision laser market in 2019, followed by North America and Asia Pacific. The growth of the market in Europe is primarily attributed to the increasing automation in industries and rising adoption of a whole range of machine vision products, from simple and easy-to-use products to sophisticated and complex ones. Several activities, such as the formation of smart factory or production of future car, can be achieved by using machine vision as crucial technology. Incentives by the governments of European countries, and new environmental regulations and safety standards for the manufacturing sector are transforming the industrial sector, thereby driving the steady adoption of smart factory solutions—such as machine vision. Additionally, the machine vision laser market in APAC is expected to grow at the highest CAGR during 2020–2027.

 

Impact of COVID-19 Pandemic on Machine Vision Laser Market

The COVID-19 outbreak is adversely affecting economies of several countries worldwide. Businesses around the world are facing severe economic difficulties as they either suspending their operations or reducing their activities in a substantial manner. The world is facing an economic slowdown owing to business shutdown across various countries, and it is most likely to continue in 2021. Companies are focusing on automating their business operations with a major goal to reduce their production costs. Due to the lockdown and social distancing norms across countries, companies are facing economic issues. They are delaying the new projects, which need implementation of machine vision laser system in their factories. Several manufacturing companies are halting their production, which is hindering the machine vision laser market. Manufacturing companies across the countries are planning to invest more in automation post-COVID-19 pandemic. Moroever, to ensure less human intervention, the need for automated quality assurance has increased among industries amid the COVID-19 outbreak.

 

Lucrative Regional Markets for Machine Vision Laser Providers

Lucrative Regional Markets for Machine Vision Laser Providers

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Machine Vision Laser Market Insights

 

Growing Demand for Laser-Based Machine Vision Technologies

Laser-based machine vision is a valuable tool for manufacturers aiming to improve prototyping, assembly, inspection processes, among others. The technology enables better 3D visualization throughout the manufacturing process, and it is continuously evolving. Although the machine vision technology is typically employed in manufacturing industries, its reach now extends farther to pharmaceutical, agriculture, traffic monitoring, security, and laser measurement applications. The laser-based measurement method has become much safer, faster, and more informative. Thus, the laser beam is placed directly on the camera's delicate sensor. Industrial lasers often operate at a near-infrared (NIR) wavelength (~1060–1080 nm) that is invisible to naked eyes. Therefore, camera sensors used for measurements need to be sensitive in those wavelengths. Hence, the growing demand for laser-based machine vision technology is boosting the machine vision laser market.

 

Type -Based Market Insights

Based on type, the machine vision laser market is segmented into smart machine vision lasers, 3D machine vision lasers, and PC-based machine vision lasers. The smart machine vision lasers segment holds the largest market share. The same segment is expected to be the fastest-growing segment during the forecast period and continue its dominance until 2027. The market growth for the smart machine vision lasers segment is attributed to the continuously increasing demand for automation in automobile industry.

 

Machine Vision Laser Market, by Type – 2019 and 2027

Machine Vision Laser Market, by Type – 2019 and 2027

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Application -Based Market Insights

Based on application, the machine vision laser market is segmented into process control, automatic inspection, industrial inspection, and others. The automatic inspection segment dominates the machine vision laser market and is foreseen to continue its dominance throughout the forecast period. Many automotive components must be assembled appropriately into subcomponents before they can be installed, and their installation requires proper inspection. Stemmer imaging produces machine vision systems to address factory automation or inspection problems. By creating a variety of solutions, Stemmer Imaging covers all industrial sectors and their specific needs. Machine vision systems deploy smart cameras and image processing to perform measurements and inspections in various industries.

 

End User-Based Market Insights

Based on end user, the machine vision laser market is segmented into automotive, electronics and semiconductors, food and beverages, pharmaceuticals, logistics, and others. The automotive segment held the largest share of the market. The automotive industry plays a significant role in the manufacturing sector. Machine vision laser in this industry is extensively used for various inspection purposes, such as presence-absence checking, error proofing, assembly verification, and final inspection. Lasers are also used for dimensional gauging, robotic guidance, and testing automation purposes, which comes under the measure, gauge, and guide applications. The 3D machine vision technology is also used in automatic driver assistance systems (ADAS), by installing sensors and cameras in vehicles.

 

Strategic Insights

 

The players operating in the machine vision laser market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

 

  • In 2020, LASER COMPONENTS introduced a green dot laser module (515 nm) with a diameter of 3.3 mm. The LC-LMD-515-07-01-A has a length of just 7.8 mm without pins and can thus be integrated into compact systems (e.g., in alignment, positioning, or measuring devices). This small module is equipped with high-quality glass lenses and, therefore, offers optimum beam quality. The automatic power control (APC) automatically switches off the power supply if the voltage is too high. In this way, the entire module is protected against overload.

 

  • In 2019, Cognex Corporation, the leader in machine vision for factory automation and industrial barcode reading, announced the acquisition of SUALAB, a Korean-based developer of vision software using deep learning for industrial applications. 

 

Global Machine Vision Laser Market – by Type

  • Smart Machine Vision Laser
  • 3D Machine Vision Laser
  • PC-Based Machine Vision Laser


Global Machine Vision Laser Market – by Application

  • Process Control
  • Automatic Inspection
  • Industrial Inspection
  • Others


Global Machine Vision Laser Market – by End User

  • Automotive
  • Electronics and Semiconductor
  • Food and Beverages
  • Pharmaceuticals
  • Logistics
  • Others

 

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

 

Company Profiles

  • Cavitar Ltd.
  • Cognex Corporation
  • Laser Components GmbH
  • Laserex
  • Keyence Coproration 
  • ProPhotonix
  • RAYLASE GMBH
  • RPMC Lasers
  • STEMMER IMAGING AG
  • Z-LASER GmbH

 

1.             Introduction

1.1       Scope of the Study

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        Global Machine Vision Laser Market – By Type

1.3.2        Global Machine Vision Laser Market – By Application

1.3.3        Global Machine Vision Laser Market – By End User

1.3.4        Global Machine Vision Laser Market – By Geography

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             Machine Vision Laser Market Landscape

4.1       Market Overview

4.2       PEST Analysis

4.2.1        North America – PEST Analysis

4.2.2        Europe – PEST Analysis

4.2.3        Asia-Pacific – PEST Analysis

4.2.4        Middle East & Africa – PEST Analysis

4.2.5        South America– PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinions

5.             Machine Vision Laser Market – Key Industry Dynamics

5.1       Key Drivers

5.1.1        Growing Demand for Laser-Based Machine Vision Technologies

5.1.2        Increasing Demand for Smart Machine Vision Systems

5.2       Key Market Restraints

5.2.1        Varying End-User Requirements

5.3       Key Market Opportunities:

5.3.1        Growing Automation in Industrial Sector

5.4       Key Trends:

5.4.1        Growing Use of Robotics in Automation

5.5       Impact Analysis of Drivers and Restraints

6.             Machine Vision Laser– Global Market Analysis

6.1       Overview

6.2       Global Machine Vision Laser Market Revenue and Forecasts To 2027 (US$ Mn)

6.3       Market Positioning – Five Key Players

7.             Machine Vision Laser Market Analysis – By Type

7.1       Overview

7.2       Machine Vision Laser Market Breakdown, By Type, 2018 & 2027

7.3       Smart Machine Vision Laser

7.3.1        Overview

7.3.2        Smart Machine Vision Laser Market Revenue and Forecasts to 2027 (US$ Mn)

7.4       3D Machine Vision Laser Market

7.4.1        Overview

7.4.2        3D Machine Vision Laser Market Revenue and Forecasts to 2027 (US$ Mn)

7.5       PC-Based Machine Vision Laser

7.5.1        Overview

7.5.2        PC-Based Machine Vision Laser Market Revenue and Forecasts to 2027 (US$ Mn)

8.             Machine Vision Laser Market Analysis– By Application

8.1       Overview

8.2       Global Machine Vision Laser Market Breakdown, By Application, 2018 & 2027

8.3       Process Control

8.3.1        Overview

8.3.2        Process Control Market Revenue and Forecasts to 2027 (US$ Mn)

8.4       Automatic Inspection

8.4.1        Overview

8.4.2        Automatic Inspection Market Revenue and Forecasts to 2027 (US$ Mn)

8.5       Industrial Inspection

8.5.1        Overview

8.5.2        Industrial Inspection Market Revenue and Forecasts to 2027 (US$ Mn)

8.6       Others

8.6.1        Overview

8.6.2        Others Market Revenue and Forecasts to 2027 (US$ Mn)

9.             Machine Vision Laser Market Analysis– By End User

9.1       Overview

9.2       Global Machine Vision Laser Market Breakdown, By End User, 2018 & 2027

9.3       Automotive

9.3.1        Overview

9.3.2        Automotive Market Revenue and Forecasts to 2027 (US$ Mn)

9.4       Electronics & Semiconductor

9.4.1        Overview

9.4.2        Electronics & Semiconductor Market Revenue and Forecasts to 2027 (US$ Mn)

9.5       Food and Beverages

9.5.1        Overview

9.5.2        Food and Beverages Market Revenue and Forecasts to 2027 (US$ Mn)

9.6       Pharmaceuticals

9.6.1        Overview

9.6.2        Pharmaceuticals Market Revenue and Forecasts to 2027 (US$ Mn)

9.7       Logistics

9.7.1        Overview

9.7.2        Logistics Market Revenue and Forecasts to 2027 (US$ Mn)

9.8       Others

9.8.1        Overview

9.8.2        Others Market Revenue and Forecasts to 2027 (US$ Mn)

10.          Machine Vision Laser Market – Geographic Analysis

10.1    Overview

10.2    North America: Machine Vision Laser Market

10.2.1     North America: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.2.2     North America: Machine Vision Laser Market, by Type

10.2.3     North America: Machine Vision Laser Market, by Application

10.2.4     North America: Machine Vision Laser Market, by End User

10.2.5     North America: Machine Vision Laser Market, by Key Country

10.2.5.1    US: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.2.5.1.1    US: Machine Vision Laser Market, by Type

10.2.5.1.2    US: Machine Vision Laser Market, by Application

10.2.5.1.3    US: Machine Vision Laser Market, by End User

10.2.5.2    Canada: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.2.5.2.1    Canada: Machine Vision Laser Market, by Type

10.2.5.2.2    Canada: Machine Vision Laser Market, by Application

10.2.5.2.3    Canada: Machine Vision Laser Market, by End User

10.2.5.3    Mexico: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.2.5.3.1    Mexico: Machine Vision Laser Market, by Type

10.2.5.3.2    Mexico: Machine Vision Laser Market, by Application

10.2.5.3.3    Mexico: Machine Vision Laser Market, by End User

10.3    Europe: Machine Vision Laser Market

10.3.1     Europe: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.3.2     Europe: Machine Vision Laser Market, by Type

10.3.3     Europe: Machine Vision Laser Market, by Application

10.3.4     Europe: Machine Vision Laser Market, by End User

10.3.5     Europe: Machine Vision Laser Market, by Key Country

10.3.5.1    France: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.1.1    France: Machine Vision Laser Market, by Type

10.3.5.1.2    France: Machine Vision Laser Market, by Application

10.3.5.1.3    France: Machine Vision Laser Market, by End User

10.3.5.2    Germany: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.2.1    Germany: Machine Vision Laser Market, by Type

10.3.5.2.2    Germany: Machine Vision Laser Market, by Application

10.3.5.2.3    Germany: Machine Vision Laser Market, by End User

10.3.5.3    Italy: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.3.1    Italy: Machine Vision Laser Market, by Type

10.3.5.3.2    Italy: Machine Vision Laser Market, by Application

10.3.5.3.3    Italy: Machine Vision Laser Market, by End User

10.3.5.4    UK: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.4.1    UK: Machine Vision Laser Market, by Type

10.3.5.4.2    UK: Machine Vision Laser Market, by Application

10.3.5.4.3    UK: Machine Vision Laser Market, by End User

10.3.5.5    Russia: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.5.1    Russia: Machine Vision Laser Market, by Type

10.3.5.5.2    Russia: Machine Vision Laser Market, by Application

10.3.5.5.3    Russia: Machine Vision Laser Market, by End User

10.3.5.6    Rest of Europe: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.3.5.6.1    Rest of Europe: Machine Vision Laser Market, by Type

10.3.5.6.2    Rest of Europe: Machine Vision Laser Market, by Application

10.3.5.6.3    Rest of Europe: Machine Vision Laser Market, by End User

10.4    APAC: Machine Vision Laser Market

10.4.1     APAC: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.4.2     APAC: Machine Vision Laser Market, by Type

10.4.3     APAC: Machine Vision Laser Market, by Application

10.4.4     APAC: Machine Vision Laser Market, by End User

10.4.5     APAC: Machine Vision Laser Market, by Key Country

10.4.5.1    Australia: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.1.1    Australia: Machine Vision Laser Market, by Type

10.4.5.1.2    Australia: Machine Vision Laser Market, by Application

10.4.5.1.3    Australia: Machine Vision Laser Market, by End User

10.4.5.1.4    China: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.1.5    China: Machine Vision Laser Market, by Type

10.4.5.1.6    China: Machine Vision Laser Market, by Application

10.4.5.1.7    China: Machine Vision Laser Market, by End User

10.4.5.2    India: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.2.1    India: Machine Vision Laser Market, by Type

10.4.5.2.2    India: Machine Vision Laser Market, by Application

10.4.5.2.3    India: Machine Vision Laser Market, by End User

10.4.5.3    Japan: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.3.1    Japan: Machine Vision Laser Market, by Type

10.4.5.3.2    Japan: Machine Vision Laser Market, by Application

10.4.5.3.3    Japan: Machine Vision Laser Market, by End User

10.4.5.4    South Korea: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.4.1    South Korea: Machine Vision Laser Market, by Type

10.4.5.4.2    South Korea: Machine Vision Laser Market, by Application

10.4.5.4.3    South Korea: Machine Vision Laser Market, by End User

10.4.5.5    Rest of APAC: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.4.5.5.1    Rest of APAC: Machine Vision Laser Market, by Type

10.4.5.5.2    Rest of APAC: Machine Vision Laser Market, by Application

10.4.5.5.3    Rest of APAC: Machine Vision Laser Market, by End User

10.5    MEA: Machine Vision Laser Market

10.5.1     MEA: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.5.2     MEA: Machine Vision Laser Market, by Type

10.5.3     MEA: Machine Vision Laser Market, by Application

10.5.4     MEA: Machine Vision Laser Market, by End User

10.5.5     MEA: Machine Vision Laser Market, by Key Country

10.5.5.1    South Africa: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.5.5.1.1    South Africa: Machine Vision Laser Market, by Type

10.5.5.1.2    South Africa: Machine Vision Laser Market, by Application

10.5.5.1.3    South Africa: Machine Vision Laser Market, by End User

10.5.5.2    Saudi Arabia: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.5.5.2.1    Saudi Arabia: Machine Vision Laser Market, by Type

10.5.5.2.2    Saudi Arabia: Machine Vision Laser Market, by Application

10.5.5.2.3    Saudi Arabia: Machine Vision Laser Market, by End User

10.5.5.3    UAE: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.5.5.3.1    UAE: Machine Vision Laser Market, by Type

10.5.5.3.2    UAE: Machine Vision Laser Market, by Application

10.5.5.3.3    UAE: Machine Vision Laser Market, by End User

10.5.5.4    Rest of MEA: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.5.5.4.1    Rest of MEA: Machine Vision Laser Market, by Type

10.5.5.4.2    Rest of MEA: Machine Vision Laser Market, by Application

10.5.5.4.3    Rest of MEA: Machine Vision Laser Market, by End User

10.6    SAM: Machine Vision Laser Market

10.6.1     SAM: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.6.2     SAM: Machine Vision Laser Market, by Type

10.6.3     SAM: Machine Vision Laser Market, by Application

10.6.4     SAM: Machine Vision Laser Market, by End User

10.6.5     SAM: Machine Vision Laser Market, by Key Country

10.6.5.1    Brazil: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.6.5.1.1    Brazil: Machine Vision Laser Market, by Type

10.6.5.1.2    Brazil: Machine Vision Laser Market, by Application

10.6.5.1.3    Brazil: Machine Vision Laser Market, by End User

10.6.5.1.4    Argentina: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.6.5.1.5    Argentina: Machine Vision Laser Market, by Type

10.6.5.1.6    Argentina: Machine Vision Laser Market, by Application

10.6.5.1.7    Argentina: Machine Vision Laser Market, by End User

10.6.5.2    Rest of SAM: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

10.6.5.2.1    Rest of SAM: Machine Vision Laser Market, by Type

10.6.5.2.2    Rest of SAM: Machine Vision Laser Market, by Application

10.6.5.2.3    Rest of SAM: Machine Vision Laser Market, by End User

11.          Machine Vision Laser Market—COVID-19 Impact Analysis

11.1    Overview

11.2    North America

11.3    Europe

11.4    Asia-Pacific

11.5    Middle East and Africa

11.6    South America

12.          Industry Landscape

12.1    Market Initiative

12.2    Merger and Acquisition

12.3    New Development

13.          Company Profiles

13.1    Cavitar Ltd

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2    Cognex Corporation

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3    Laserex

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4    ProPhotonix

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5    RAYLASE GMBH

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6    RPMC Lasers

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7    STEMMER IMAGING AG

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8    Z-LASER GmbH

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9    LASER COMPONENTS

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10 Keyence Corporation

13.10.1   Key Facts

13.10.2   Business Description

13.10.3   Products and Services

13.10.4   Financial Overview

13.10.5   SWOT Analysis

13.10.6   Key Developments

14.          Appendix

14.1    About The Insight Partners

14.2    Glossary

LIST OF TABLES

Table 1.             Global Machine Vision Laser Market Revenue and Forecasts to 2027 (US$ Mn)

Table 2.             North America: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 3.             North America: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 4.             North America: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 5.             North America Machine Vision Laser Market, by Country – Revenue and Forecast to 2027 (USD Million)

Table 6.             US: Machine Vision Laser Market, by Type –Revenue and Forecast to 2027 (US$ Million)

Table 7.             US: Machine Vision Laser Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 8.             US: Machine Vision Laser Market, by End User –Revenue and Forecast to 2027 (US$ Million)

Table 9.             Canada: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 10.          Canada: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 11.          Canada: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 12.          Mexico: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 13.          Mexico: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 14.          Mexico: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 15.          Europe: Machine Vision Laser Market, by Type– Revenue and Forecast to 2027 (US$ Million)

Table 16.          Europe: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 17.          Europe: Machine Vision Laser Market, by End User– Revenue and Forecast to 2027 (US$ Million)

Table 18.          Europe Machine Vision Laser Market, by Country – Revenue and Forecast to 2027 (USD Million)

Table 19.          France: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 20.          France: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 21.          France: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 22.          Germany: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 23.          Germany: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 24.          Germany: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 25.          Italy: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 26.          Italy: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 27.          Italy: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 28.          UK: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 29.          UK: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 30.          UK: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 31.          Russia: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 32.          Russia: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 33.          Russia: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 34.          Rest of Europe: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 35.          Rest of Europe: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 36.          Rest of Europe: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 37.          APAC: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 38.          APAC: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 39.          APAC: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 40.          APAC Machine Vision Laser Market, by Country – Revenue and Forecast to 2027 (USD Million)

Table 41.          Australia: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 42.          Australia: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 43.          Australia: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 44.          China: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 45.          China: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 46.          China: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 47.          India: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 48.          India: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 49.          India: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 50.          Japan: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 51.          Japan: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 52.          Japan: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 53.          South Korea: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 54.          South Korea: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 55.          South Korea: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 56.          Rest of APAC: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 57.          Rest of APAC: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 58.          Rest of APAC: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 59.          MEA: Machine Vision Laser Market, by Type– Revenue and Forecast to 2027 (US$ Million)

Table 60.          MEA: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 61.          MEA: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 62.          MEA Machine Vision Laser Market, by Country – Revenue and Forecast to 2027 (USD Million)

Table 63.          South Africa: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 64.          South Africa: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 65.          South Africa: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 66.          South Africa: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 67.          South Africa: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 68.          South Africa: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 69.          UAE: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 70.          UAE: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 71.          UAE: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 72.          Rest of MEA: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 73.          Rest of MEA: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 74.          Rest of MEA: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 75.          SAM: Machine Vision Laser Market, by Type– Revenue and Forecast to 2027 (US$ Million)

Table 76.          SAM: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 77.          SAM: Machine Vision Laser Market, by End User– Revenue and Forecast to 2027 (US$ Million)

Table 78.          SAM Machine Vision Laser Market, by Country – Revenue and Forecast to 2027 (USD Million)

Table 79.          Brazil: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 80.          Brazil: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 81.          Brazil: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 82.          Argentina: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 83.          Argentina: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 84.          Argentina: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 85.          Rest of SAM: Machine Vision Laser Market, by Type – Revenue and Forecast to 2027 (US$ Million)

Table 86.          Rest of SAM: Machine Vision Laser Market, by Application – Revenue and Forecast to 2027 (US$ Million)

Table 87.          Rest of SAM: Machine Vision Laser Market, by End User – Revenue and Forecast to 2027 (US$ Million)

Table 88.          Glossary of Terms, Machine Vision Laser Market

 

LIST OF FIGURES

Figure 1.           Machine Vision Laser Market Segmentation

Figure 2.           Machine Vision Laser Market Segmentation - Geography

Figure 3.           Global Machine Vision Laser Market Overview

Figure 4.           Smart Machine Vision Lasers held the largest share in global machine vision laser market in 2019

Figure 5.           Automatic Inspection held the largest share in global machine vision laser market in 2019

Figure 6.           Automotive end user represented the largest share in global machine vision laser market in 2019

Figure 7.           Europe held the largest share in global machine vision laser market in 2019

Figure 8.           North America – PEST Analysis

Figure 9.           Europe – PEST Analysis

Figure 10.        Asia-Pacific – PEST Analysis

Figure 11.        Middle East & Africa – PEST Analysis

Figure 12.        South America – PEST Analysis

Figure 13.        Impact Analysis of Drivers and Restraints Pertaining to Machine Vision Laser Market

Figure 14.        Global Machine Vision Laser Market

Figure 15.        Global Machine Vision Laser Market Revenue and Forecasts To 2027 (US$ Mn)

Figure 16.        Machine Vision Laser Market Breakdown, By Type, 2018 & 2027 (%)

Figure 17.        Global Smart Machine Vision Laser Market Revenue and Forecast to 2027 (US$ Mn)

Figure 18.        Global 3D Machine Vision Laser Market Revenue and Forecast to 2027 (US$ Mn)

Figure 19.        Global PC-Based Machine Vision Laser Market Revenue and Forecast to 2027 (US$ Mn)

Figure 20.        Global Machine Vision Laser Market Breakdown, By Application, 2018 & 2027 (%)

Figure 21.        Global Process Control Market Revenue and Forecast To 2027(US$ Mn)

Figure 22.        Global Automatic Inspection Market Revenue and Forecast To 2027(US$ Mn)

Figure 23.        Global Industrial Inspection Market Revenue and Forecast To 2027(US$ Mn)

Figure 24.        Global Others Market Revenue and Forecast To 2027(US$ Mn)

Figure 25.        Global Machine Vision Laser Market Breakdown, By End User, 2018 & 2027 (%)

Figure 26.        Global Automotive Market Revenue and Forecast To 2027(US$ Mn)

Figure 27.        Global Electronics & Semiconductor Market Revenue and Forecast To 2027(US$ Mn)

Figure 28.        Global Food and Beverages Market Revenue and Forecast To 2027(US$ Mn)

Figure 29.        Global Pharmaceuticals Market Revenue and Forecast To 2027(US$ Mn)

Figure 30.        Global Logistics Market Revenue and Forecast To 2027(US$ Mn)

Figure 31.        Global Others Market Revenue and Forecast To 2027(US$ Mn)

Figure 32.        Global Machine Vision Laser Market Revenue Share, by Region (2019 and 2027)

Figure 33.        North America: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 34.        North America: Machine Vision Laser Market Revenue Share, by Type (2019 and 2027)

Figure 35.        North America: Machine Vision Laser Market Revenue Share, by Application (2019 and 2027)

Figure 36.        North America: Machine Vision Laser Market Revenue Share, by End User (2019 and 2027)

Figure 37.        North America: Machine Vision Laser Market Revenue Share, by Key Country (2019 and 2027)

Figure 38.        US: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 39.        Canada: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 40.        Mexico: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 41.        Europe: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 42.        Europe: Machine Vision Laser Market Revenue Share, by Type (2019 and 2027)

Figure 43.        Europe: Machine Vision Laser Market Revenue Share, by Application (2019 and 2027)

Figure 44.        Europe: Machine Vision Laser Market Revenue Share, by End User (2018 and 2027)

Figure 45.        Europe: Machine Vision Laser Market Revenue Share, by Key Country (2019 and 2027)

Figure 46.        France: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 47.        Germany: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 48.        Italy: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 49.        UK: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 50.        Russia: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 51.        Rest of Europe: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 52.        APAC: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 53.        APAC: Machine Vision Laser Market Revenue Share, by Type (2019 and 2027)

Figure 54.        APAC: Machine Vision Laser Market Revenue Share, by Application (2019 and 2027)

Figure 55.        APAC: Machine Vision Laser Market Revenue Share, by End User (2018 and 2027)

Figure 56.        APAC: Machine Vision Laser Market Revenue Share, by Key Country (2019 and 2027)

Figure 57.        Australia: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 58.        China: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 59.        India: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 60.        Japan: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 61.        South Korea: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 62.        Rest of APAC: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 63.        MEA: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 64.        MEA: Machine Vision Laser Market Revenue Share, by Type (2019 and 2027)

Figure 65.        MEA: Machine Vision Laser Market Revenue Share, by Application (2019 and 2027)

Figure 66.        MEA: Machine Vision Laser Market Revenue Share, by End User (2018 and 2027)

Figure 67.        MEA: Machine Vision Laser Market Revenue Share, by Key Country (2019 and 2027)

Figure 68.        South Africa: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 69.        Saudi Arabia: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 70.        UAE: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 71.        Rest of MEA: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 72.        SAM: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 73.        SAM: Machine Vision Laser Market Revenue Share, by Type (2019 and 2027)

Figure 74.        SAM: Machine Vision Laser Market Revenue Share, by Application (2019 and 2027)

Figure 75.        SAM: Machine Vision Laser Market Revenue Share, by End User (2018 and 2027)

Figure 76.        SAM: Machine Vision Laser Market Revenue Share, by Key Country (2019 and 2027)

Figure 77.        Brazil: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 78.        Argentina: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 79.        Rest of SAM: Machine Vision Laser Market – Revenue and Forecast to 2027 (US$ Million)

Figure 80.        Impact of COVID-19 Pandemic on North America

Figure 81.        Impact of COVID-19 Pandemic in Europe

Figure 82.        Impact of COVID-19 Pandemic in Asia Pacific

Figure 83.        Impact of COVID-19 Pandemic on Middle East and Africa

Figure 84.        Impact of COVID-19 Pandemic on South America

 

The List of Companies - Machine Vision Laser Market

  1. Cavitar Ltd.
  2. Cognex Corporation
  3. Laser Components GmbH
  4. Laserex
  5. Keyence Coproration
  6. ProPhotonix
  7. RAYLASE GMBH
  8. RPMC Lasers
  9. STEMMER IMAGING AG
  10. Z-LASER GmbH
  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the machine vision laser market, thereby allowing players to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect technology and solution type.
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Frequently Asked Questions

Laser-based machine vision is a valuable tool for manufacturers aiming to improve prototyping, assembly, inspection processes, among others. The technology enables better 3D visualization throughout the manufacturing process, and it is continuously evolving. Although the machine vision technology is typically employed in manufacturing industries, its reach now extends farther to pharmaceutical, agriculture, traffic monitoring, security, and laser measurement applications. The laser-based measurement method has become much safer, faster, and more informative. Traditionally, laser properties are measured by bringing it in direct contact with the sensor of a high-resolution camera. Thus, the laser beam is placed directly on the camera's delicate sensor. Industrial lasers often operate at a near-infrared (NIR) wavelength (~1060—1080 nm) that is invisible to naked eyes. Therefore, camera sensors used for measurements need to be sensitive in those wavelengths. Laser-based triangulation sensors have developed to a mature level of use in a variety of in-line measurement applications. It is a well-established technology used where the third dimension is needed to perform inspection or optimization.

The automotive segment led the market in 2019 with highest share and is expected to continue its dominance during the forecast period. The automotive industry plays a significant role in the manufacturing sector. Machine vision laser in this industry is extensively used for inspection purposes, including presence-absence checking, error proofing, assembly verification, and final inspection. The lasers are also used for dimensional gauging, robotic guidance, and testing automation purposes, which comes under the measure, gauge, and guide applications. The 3D machine vision technology is also used in automatic driver assistance systems, including sensors and cameras installed in vehicles. The automotive industry is also known for its considerable innovation.

Machine vision techniques use cameras and sensors and employ their computing power to understand images and enable machines (robots or other industrial tools) to complete their allocated tasks such as manufacturing and quality verification. The automotive sector provides several growth opportunities for the machine vision laser market. The demand for machine vision laser is increasing in the automotive sector. It offers improved accuracy in critical activities including bin picking and part positioning—e.g., positioning doors and panels for assembly. Moreover, due to the shortage of skilled laborers and the reducing manufacturing prices of automobiles, automobile companies focus more on automation in their production processes, which is propelling the adoption of machine vision laser solutions in the automotive sector.

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