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.
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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. Europe Machine Vision Lighting Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Europe Machine Vision Lighting Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Production Output at High Demand
5.1.2 Manufacturing Industry Getting Expanded and Usage of Advanced Techniques
5.2 Key Market Restraints
5.2.1 Complex End-User Requirements
5.3 Key Market Opportunities
5.3.1 LED-based lights Being Manufactured and Surge in Acceptance of Intelligent Lighting for Machine Vision Systems
5.4 Future Trends
5.4.1 SMEs adopting Machine Vision Systems and Emergence of IIoT
5.4.2 Rising Adoption of Machine Vision in Non-Industrial Industries
5.4.3 Significant Use of Robotics in Automation
5.5 Impact Analysis of Drivers and Restraints
6. Machine Vision Lighting Market – Europe Analysis
6.1 Europe Machine Vision Lighting Market Overview
6.2 Europe Machine Vision Lighting Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe Machine Vision Lighting Market Analysis – By Lighting Type
7.1 Overview
7.2 Europe 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. Europe Machine Vision Lighting Market – By Spectrum of Lighting
8.1 Overview
8.2 Europe 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. Europe Machine Vision Lighting Market – By Application
9.1 Overview
9.2 Europe 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. Europe Machine Vision Lighting Market – Country Analysis
10.1 Overview
10.1.1 Europe: Machine Vision Lighting Market- by Key Country
10.1.1.1 Germany: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Machine Vision Lighting Market- by Lighting Type
10.1.1.1.2 Germany: Machine Vision Lighting Market- By Spectrum of Lighting
10.1.1.1.3 Germany: Machine Vision Lighting Market- By Application
10.1.1.2 France: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Machine Vision Lighting Market- by Lighting Type
10.1.1.2.2 France: Machine Vision Lighting Market- By Spectrum of Lighting
10.1.1.2.3 France: Machine Vision Lighting Market- By Application
10.1.1.3 Italy: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Machine Vision Lighting Market- by Lighting Type
10.1.1.3.2 Italy: Machine Vision Lighting Market- By Spectrum of Lighting
10.1.1.3.3 Italy: Machine Vision Lighting Market- By Application
10.1.1.4 UK: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Machine Vision Lighting Market- by Lighting Type
10.1.1.4.2 UK: Machine Vision Lighting Market- By Spectrum of Lighting
10.1.1.4.3 UK: Machine Vision Lighting Market- By Application
10.1.1.5 Russia: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Machine Vision Lighting Market- by Lighting Type
10.1.1.5.2 Russia: Machine Vision Lighting Market- By Spectrum of Lighting
10.1.1.5.3 Russia: Machine Vision Lighting Market- By Application
10.1.1.6 Rest of Europe: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Machine Vision Lighting Market- by Lighting Type
10.1.1.6.2 Rest of Europe: Machine Vision Lighting Market- By Spectrum of Lighting
10.1.1.6.3 Rest of Europe: Machine Vision Lighting Market- By Application
11. Impact of COVID-19 Pandemic on Europe Machine Vision Lighting Market
11.1 Europe: 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 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 EFFILUX
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 MORITEX 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 National Instruments Corporation
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 Omron Microscan Systems, Inc.
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 ProPhotonix
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 Smart Vision Lights
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 Spectrum Illumination
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 TPL Vision
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 Word Index
LIST OF TABLES
Table 1. Europe Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Machine Vision Lighting Market- by Lighting Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Machine Vision Lighting Market- by Lighting Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy: Machine Vision Lighting Market- by Lighting Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 11. UK: Machine Vision Lighting Market- by Lighting Type –Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia: Machine Vision Lighting Market- by Lighting Type –Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe: Machine Vision Lighting Market- by Lighting Type –Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Machine Vision Lighting Market Segmentation
Figure 2. Europe Machine Vision Lighting Market Segmentation – By Country
Figure 3. Europe 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. Automotive Segment Held the Largest Market Share in 2020
Figure 7. Germany was the Largest Revenue Contributor in 2020
Figure 8. Europe – PEST Analysis
Figure 9. Europe Machine Vision Lighting Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Europe Machine Vision Lighting Market: Impact Analysis of Drivers and Restraints
Figure 12. Europe Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Machine Vision Lighting Market Revenue Share, by Lighting Type (2020 and 2028)
Figure 14. Europe LEDs: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Fiber Optic Lights: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Florescent Lighting: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Xenon: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Others: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Machine Vision Lighting Market Revenue Share, by Spectrum of Lighting (2020 and 2028)
Figure 20. Europe Visible Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe UV Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe IR Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe Machine Vision Lighting Market Revenue Share, by Application (2020 and 2028)
Figure 24. Europe Automotive: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe Consumer Electronics: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe Pharmaceutical: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe Food and Beverages: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Europe Logistics: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Europe Other End-Users: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Europe: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Europe: Machine Vision Lighting Market Revenue Share, By Key Country (2020 and 2028)
Figure 32. Germany: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. France: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Italy: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. UK: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Russia: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Rest of Europe: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Impact of COVID-19 Pandemic in Europe Country Markets
- Advanced Illumination Inc
- Cognex Corporation
- EFFILUX
- Moritex Corporation
- National Instruments Corporation
- Omron Microscan System, Inc.
- ProPhotonix Limited
- Smart Vision Lights
- Spectrum Illumination
- TPL Vision
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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