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South America Machine Vision Lighting Market

2021

South America 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)

Publication Month: Oct 2021 | Report Code: TIPRE00025269 | No. of Pages: 116 | Category: Electronics and Semiconductor | Status: Published

Market Insights

South America Machine Vision Lighting Market Market to Grow at a CAGR of 6.3% to reach US$ 114.17 million from 2021 to 2028

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The machine vision lighting market in SAM is expected to grow from US$ 74.56 million in 2021 to US$ 114.17 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028.


Brazil and Argentina are major economies in SAM. Non-industrial sector implementing machine vision is the major factor driving the growth of the SAM machine vision lighting market. Lower costs and ongoing improvements in vision components, such as 3D color cameras and machine learning techniques, is expected to further expand the machine vision sector into non-industrial niche applications, such as driverless car systems, IP video surveillance, intelligent traffic systems, logistics, agriculture, and guided surgery. Once considered too delicate for use anywhere but in environmentally controlled indoor areas, machine vision components today have been hardened for highly demanding outdoor applications. One real-world instance is the implementation of 3D color cameras to inspect the undercarriage and sides of railcars as a train passes by, thus eliminating the need for the cars to be taken out of service and removed to a maintenance center for inspection. By being contained within rugged scannerboxs, the 3D cameras are protected against dirt, dust, and water. This innovative system provides maintenance crews with precise stereoscopic 3D images, detecting various potential faults on couplings, hoses, pressure tanks and wheels, as well as locating loose screws that would otherwise remain unnoticed on a standard 2D-image. Another example is the use of machine vision aided drones that would allow farmers to visually evaluate crop issues like pests, disease, and weather without the need to visit far-off fields.

Brazil has the highest number of COVID-19 confirmed cases in SAM, followed by Ecuador, Chile, Peru, and Argentina. The COVID-19 pandemic has led to the closure of all economic activities across the region to combat the spread of the virus. The closure of manufacturing activities across major SAM countries, such as Brazil and Argentina, to combat the spread is adversely affecting the new adoption of technology. The COVID-19 crisis hindered the manufacturing industry across Argentina, which was already weakened by the recession of previous years. This has influenced government bodies to take necessary steps to boost the sector across the country over the years. Though the machine vision lighting market is adversely affected due to the outbreak, but the government initiative to attract investors in the sector is expected to influence the adoption of the technology across various industries in SAM in the coming years

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 SAM machine vision lighting market. The SAM machine vision lighting market is expected to grow at a good CAGR during the forecast period.

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SAM Machine Vision Lighting Market Segmentation

SAM Machine Vision Lighting Market – By Lighting Type

  • LEDs
  • Fiber Optic Lights (Halogen)
  • Florescent Lighting
  • Xenon
  • Others

SAM Machine Vision Lighting Market – By Spectrum of Light

  • Visible spectrum
  • UV Spectrum
  • IR spectrum

SAM Machine Vision Lighting Market – By Application

  • Automotive
  • Consumer Electronics
  • Food & Beverage
  • Pharmaceuticals
  • Logistics
  • Others

SAM Machine Vision Lighting Market, by Country

  • Brazil
  • Argentina
  • Rest of SAM

SAM Machine Vision Lighting Market - Companies Mentioned

  • Advanced Illumination Inc
  • EFFILUX
  • Moritex Corporation
  • National Instruments Corporation
  • Omron Microscan System, Inc.
  • Smart Vision Lights
  • Spectrum Illumination
  • TPL Vision

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. SAM Machine Vision Lighting Market Landscape

4.1 Market Overview

4.2 SAM PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. SAM Machine Vision Lighting Market – Key Market Dynamics

5.1 Key Market Drivers

5.1.1 Significant Demand for High Production Output

5.1.2 Manufacturing Sector Expanding and Enhanced Techniques Getting Implemented

5.2 Key Market Restraints

5.2.1 End-User Requirements Being Complicated

5.3 Key Market Opportunities

5.3.1 LED-Based Lighting Advancements and Increased Adoption of Smart Lighting for Machine Vision Systems

5.4 Future Trends

5.4.1 SMEs Adopting Machine Vision Systems and Upcoming of IIoT

5.4.2 Non-Industrial Sector Implementing Machine Vision

5.4.3 Rising Popularity of Robotics in Automation

5.5 Impact Analysis of Drivers and Restraints

6. Machine Vision Lighting Market – SAM Analysis

6.1 SAM Machine Vision Lighting Market Overview

6.2 SAM Machine Vision Lighting Market –Revenue and Forecast to 2028 (US$ Million)

7. SAM Machine Vision Lighting Market Analysis – By Lighting Type

7.1 Overview

7.2 SAM Machine Vision Lighting Market, By Lighting Type (2020 and 2028)

7.3 LEDS

7.3.1 Overview

7.3.2 LEDs: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Fiber Optic Lights (Halogen)

7.4.1 Overview

7.4.2 Fiber Optic Lights: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Florescent Lighting

7.5.1 Overview

7.5.2 Florescent Lighting: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

7.6 Xenon

7.6.1 Overview

7.6.2 Xenon: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

7.7 Others

7.7.1 Overview

7.7.2 Others: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

8. SAM Machine Vision Lighting Market – By Spectrum of Lighting

8.1 Overview

8.2 SAM Machine Vision Lighting Market, by Spectrum of Lighting (2020 and 2028)

8.3 Visible Spectrum

8.3.1 Overview

8.3.2 Visible Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

8.4 UV Spectrum

8.4.1 Overview

8.4.2 UV Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

8.5 IR Spectrum

8.5.1 Overview

8.5.2 IR Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

9. SAM Machine Vision Lighting Market – By Application

9.1 Overview

9.2 SAM Machine Vision Lighting Market, by Application (2020 and 2028)

9.3 Automotive

9.3.1 Overview

9.3.2 Automotive: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Consumer Electronics

9.4.1 Overview

9.4.2 Consumer Electronics: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Pharmaceutical

9.5.1 Overview

9.5.2 Pharmaceutical: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Food and Beverages

9.6.1 Overview

9.6.2 Food and Beverages: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

9.7 Logistics

9.7.1 Overview

9.7.2 Logistics: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

9.8 Other End-Users

9.8.1 Overview

9.8.2 Other End-Users: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

10. SAM Machine Vision Lighting Market – Country Analysis

10.1 Overview

10.1.1 SAM: Machine Vision Lighting Market- by Key Country

10.1.1.1 Brazil: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Brazil: Machine Vision Lighting Market- by Lighting Type

10.1.1.1.2 Brazil: Machine Vision Lighting Market- By Spectrum of Lighting

10.1.1.1.3 Brazil: Machine Vision Lighting Market- By Application

10.1.1.2 Argentina: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 Argentina: Machine Vision Lighting Market- by Lighting Type

10.1.1.2.2 Argentina: Machine Vision Lighting Market- By Spectrum of Lighting

10.1.1.2.3 Argentina: Machine Vision Lighting Market- By Application

10.1.1.3 Rest of SAM: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 Rest of SAM: Machine Vision Lighting Market- by Lighting Type

10.1.1.3.2 Rest of SAM: Machine Vision Lighting Market- By Spectrum of Lighting

10.1.1.3.3 Rest of SAM: Machine Vision Lighting Market- By Application

11. Impact of COVID-19 Pandemic on SAM Machine Vision Lighting Market

11.1 SAM Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

13. Company Profiles

13.1 ADVANCED ILLUMINATION

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 EFFILUX

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 MORITEX Corporation

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 National Instruments Corporation

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 Omron Microscan Systems, Inc.

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 Smart Vision Lights

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 Spectrum Illumination

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 TPL Vision

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

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. SAM Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. Brazil: Machine Vision Lighting Market- by Lighting Type –Revenue and Forecast to 2028 (US$ Million)

Table 3. Brazil: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)

Table 4. Brazil: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 5. Argentina: Machine Vision Lighting Market- by Lighting Type –Revenue and Forecast to 2028 (US$ Million)

Table 6. Argentina: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)

Table 7. Argentina: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 8. Rest of SAM: Machine Vision Lighting Market- by Lighting Type–Revenue and Forecast to 2028 (US$ Million)

Table 9. Rest of SAM: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)

Table 10. Rest of SAM: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)

Table 11. List of Abbreviation

LIST OF FIGURES

Figure 1. SAM Machine Vision Lighting Market Segmentation

Figure 2. SAM Machine Vision Lighting Market Segmentation – By Country

Figure 3. SAM Machine Vision Lighting Market Overview

Figure 4. LEDs Segment Held the Largest Market Share in 2020

Figure 5. Visible Spectrum Held the Largest Market Share in 2020

Figure 6. Consumer Electronics End-user Held the Largest Market Share in 2020

Figure 7. Rest of SAM was the Largest Revenue Contributor in 2020

Figure 8. SAM – PEST Analysis

Figure 9. SAM Machine Vision Lighting Market– Ecosystem Analysis

Figure 10. Expert Opinion

Figure 11. SAM Machine Vision Lighting Market: Impact Analysis of Drivers and Restraints

Figure 12. SAM Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. SAM Machine Vision Lighting Market Revenue Share, by Lighting Type (2020 and 2028)

Figure 14. SAM LEDs: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. SAM Fiber Optic Lights: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. SAM Florescent Lighting: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. SAM Xenon: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. SAM Others: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. SAM Machine Vision Lighting Market Revenue Share, by Spectrum of Lighting (2020 and 2028)

Figure 20. SAM Visible Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21. SAM UV Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. SAM IR Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. SAM Machine Vision Lighting Market Revenue Share, by Application (2020 and 2028)

Figure 24. SAM Automotive: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. SAM Consumer Electronics: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. SAM Pharmaceutical: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. SAM Food and Beverages: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. SAM Logistics: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. SAM Other End-Users: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. SAM: Machine Vision Lighting Market, by Key Country – Revenue (2020) (US$ Million)

Figure 31. SAM: Machine Vision Lighting Market Revenue Share, By Key Country (2020 and 2028)

Figure 32. Brazil: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Argentina: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Rest of SAM: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Impact of COVID-19 Pandemic in SAM Country Markets

  1. Advanced Illumination Inc
  2. EFFILUX
  3. Moritex Corporation
  4. National Instruments Corporation
  5. Omron Microscan System, Inc.
  6. Smart Vision Lights
  7. Spectrum Illumination
  8. TPL Vision
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM machine vision lighting market
  • 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 SAM machine vision lighting market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the machine vision lighting market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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