The machine vision lighting market in MEA is expected to grow from US$ 83.36 million in 2021 to US$ 138.64 million by 2028; it is estimated to grow at a CAGR of 7.5% from 2021 to 2028.
Saudi Arabia, South Africa, and UAE are major economies in MEA. Growing popularity of IIoT and rising adoption of machine vision systems by SMEs is the major factor driving the growth of the MEA machine vision lighting market. As IIoT gains traction, machine vision should see a dramatic boost. IIoT links production technology with information technology, therefore it involves extensive data capture and analytics to continually optimize the operation of factories. Machine vision is one of the most important basic technologies to supply IIoT with information. Manufacturing’s rapid adaption of IIoT has led to a renaissance in robotics and the renewed need for machine vision. IIoT has upped the ante on how humans and robots will collaborate together, but none of this can occur without the expanded use of vision technologies connecting devices, robots, and humans. With the increasing adoption of IIoT coupled with decreasing prices of machine vision systems, SMEs are anticipated to invest more in automation.
Major countries facing the economic consequences of the COVID-19 pandemic in MEA are Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait. With the outbreak in the countries mentioned above, it is becoming clear that a few can escape its impact, presenting major challenges for all sectors. The manufacturing industry across the MEAwas severely impacted due to the pandemic in the starting of 2020. However, to combat the huge economic impact, countries such as the UAE have taken necessary steps to continue economic activities across the region. The UAE government are promoting the adoption of advanced technologies across the industries to increase efficiency. Thus, the increasing initiatives across the region to lower the impact of the COVID-19 pandemic in the manufacturing industry would ensure medium to low impact on the machine vision lighting market over the 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 MEA machine vision lighting market. The MEA machine vision lighting market is expected to grow at a good CAGR during the forecast period.
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MEA Machine Vision Lighting Market Segmentation
MEA Machine Vision Lighting Market – By Lighting Type
- LEDs
- Fiber Optic Lights (Halogen)
- Florescent Lighting
- Xenon
- Others
MEA Machine Vision Lighting Market – By Spectrum of Light
- Visible spectrum
- UV Spectrum
- IR spectrum
MEA Machine Vision Lighting Market – By Application
- Automotive
- Consumer Electronics
- Food & Beverage
- Pharmaceuticals
- Logistics
- Others
MEA Machine Vision Lighting Market, by Country
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
MEA Machine Vision Lighting Market - Companies Mentioned
- Advanced Illumination Inc
- 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. MEA Machine Vision Lighting Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Machine Vision Lighting Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 High Production Output at Significantly Needed
5.1.2 Manufacturing Industry Witnessing Fast Expansion and Advanced Technology Being Adopted
5.2 Key Market Restraints
5.2.1 Intricated End-User Requirements
5.3 Key Market Opportunities
5.3.1 Advancements in LED-Based Lights and Rise Increase in Usage of Intelligent Lighting for Machine Vision Systems
5.4 Future Trends
5.4.1 Growing Popularity of IIoT and Rising Adoption of Machine Vision Systems by SMEs
5.4.2 Non-Industrial Sector Witnessing High Adoption of Machine Vision
5.4.3 Extensive Use of Robotics in Automation
5.5 Impact Analysis of Drivers and Restraints
6. Machine Vision Lighting Market – MEA Analysis
6.1 MEA Machine Vision Lighting Market Overview
6.2 MEA Machine Vision Lighting Market –Revenue and Forecast to 2028 (US$ Million)
7. MEA Machine Vision Lighting Market Analysis – By Lighting Type
7.1 Overview
7.2 MEA 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. MEA Machine Vision Lighting Market – By Spectrum of Lighting
8.1 Overview
8.2 MEA 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. MEA Machine Vision Lighting Market – By Application
9.1 Overview
9.2 MEA 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. MEA Machine Vision Lighting Market – Country Analysis
10.1 Overview
10.1.1 MEA: Machine Vision Lighting Market- by Key Country
10.1.1.1 South Africa: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa: Machine Vision Lighting Market- by Lighting Type
10.1.1.1.2 South Africa: Machine Vision Lighting Market- By Spectrum of Lighting
10.1.1.1.3 South Africa: Machine Vision Lighting Market- By Application
10.1.1.2 Saudi Arabia: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Saudi Arabia: Machine Vision Lighting Market- by Lighting Type
10.1.1.2.2 Saudi Arabia: Machine Vision Lighting Market- By Spectrum of Lighting
10.1.1.2.3 Saudi Arabia: Machine Vision Lighting Market- By Application
10.1.1.3 UAE: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UAE: Machine Vision Lighting Market- by Lighting Type
10.1.1.3.2 UAE: Machine Vision Lighting Market- By Spectrum of Lighting
10.1.1.3.3 UAE: Machine Vision Lighting Market- By Application
10.1.1.4 Rest of MEA: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Rest of MEA: Machine Vision Lighting Market- by Lighting Type
10.1.1.4.2 Rest of MEA: Machine Vision Lighting Market- By Spectrum of Lighting
10.1.1.4.3 Rest of MEA: Machine Vision Lighting Market- By Application
11. Impact of COVID-19 Pandemic on MEA Machine Vision Lighting Market
11.1 MEA: 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 ProPhotonix
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 Smart Vision Lights
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 Spectrum Illumination
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 TPL Vision
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
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. MEA Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa: Machine Vision Lighting Market- by Lighting Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Machine Vision Lighting Market- by Lighting Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)
Table 7. Saudi Arabia: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. UAE: Machine Vision Lighting Market- by Lighting Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. UAE: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)
Table 10. UAE: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of MEA: Machine Vision Lighting Market- by Lighting Type –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of MEA: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of MEA: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Machine Vision Lighting Market Segmentation
Figure 2. MEA Machine Vision Lighting Market Segmentation – By Country
Figure 3. MEA 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. Saudi Arabia APAC was the Largest Revenue Contributor in 2020
Figure 8. MEA– PEST Analysis
Figure 9. MEA Machine Vision Lighting Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. MEA Machine Vision Lighting Market: Impact Analysis of Drivers and Restraints
Figure 12. MEA Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. MEA Machine Vision Lighting Market Revenue Share, by Lighting Type (2020 and 2028)
Figure 14. MEA LEDs: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Fiber Optic Lights: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Florescent Lighting: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. MEA Xenon: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Others: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Machine Vision Lighting Market Revenue Share, by Spectrum of Lighting (2020 and 2028)
Figure 20. MEA Visible Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA UV Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA IR Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. MEA Machine Vision Lighting Market Revenue Share, by Application (2020 and 2028)
Figure 24. MEA Automotive: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. MEA Consumer Electronics: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. MEA Pharmaceutical: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. MEA Food and Beverages: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. MEA Logistics: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. MEA Other End-Users: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. MEA: Machine Vision Lighting Market, by Key Country – Revenue (2020) (US$ Million)
Figure 31. MEA: Machine Vision Lighting Market Revenue Share, By Key Country (2020 and 2028)
Figure 32. South Africa: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Saudi Arabia: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. UAE: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of MEA: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Impact of COVID-19 Pandemic in MEA Country Markets
- Advanced Illumination Inc
- 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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