MARKET OVERVIEW
Vision sensors are the systems which consist display, video camera, interface, and the computer processor to automate industrial processes. Vision sensors provide yes/no, fast pass/fail, and go/no-go results to solve automated inspection challenges in ways that differ from other sensor types and are mainly suitable for factory automation. Vision sensors utilize machine vision tools to perform multiple inspections from a single acquired image. Vision sensors are widely utilized throughout industrial plants and industrial processes, to maintain the quality of products and to check that operational efficiency is being achieved.
MARKET SCOPE
The "Global Vision Sensor Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the vision sensor market with detailed market segmentation by product type, application, industry vertical, and geography. The report provides key statistics on the market status of the leading vision sensor market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global vision sensor market is segmented into code readers, 3D sensors, monochrome vision sensors, color vision sensors, and others.
- On the basis of application, the market is segmented into industrial inspection and verification, code reading, localization, gauging, and others.
- Based on industry vertical, the market is segmented into pharmaceuticals, consumer electronics, industry, food and packaging, electronics and semiconductor, automotive, and others.
MARKET DYNAMICS
Drivers:
- The vision sensor market is anticipated to grow owing to driving factors such as market growth of electrical & electronics industry and usage of machine vision technology in traffic safety and automotive industry.
- The fast growing advanced automation technology and requirement of less devices to inspect multiple parameters are expected to provide numerous opportunities for the vision sensor market to grow in near future.
Restraints:
- High installation cost may hamper the growth of the vision sensor market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The vision sensor market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the vision sensor market in these regions.
IMPACT OF COVID-19 ON VISION SENSOR MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the vision sensor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from vision sensor market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vision sensor market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Balluff GmbH
- Baumer Holding AG
- Cognex Corporation
- Hans Turck GmhH and Co. Kg
- ifm electronic gmbh
- Keyence Corporation
- OMRON Corporation
- Pepperl+Fuchs GmbH
- SICK AG
- Teledyne DALSA
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.