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Vision Sensor Market Size, Share & Trends Analysis Report By Sensor Type (Less Than 3D, 3D, and Others), By End User, By Application (Inspection, Code Reading, Gauging, and Others), By Regional Outlook and Forecast, 2023 - 2030

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    Report

  • 253 Pages
  • February 2024
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5945722
The Global Vision Sensor Market size is expected to reach $8.2 billion by 2030, rising at a market growth of 11.3% CAGR during the forecast period.

Asia Pacific is a major player in the electronics and semiconductor industry, and vision sensors play a critical role in producing semiconductors, PCBs, and electronic components. Consequently, the Asia Pacific segment captured $1310.5 million revenue in the market in 2022. These sensors contribute to quality assurance, inspection, and precision measurement, aligning with the high-tech manufacturing requirements of the region. The Asia Pacific region has seen rapid growth in robotics and automation, and vision sensors are integral components in robotic systems.



The major strategies followed by the market participants are Product Launches as the key developmental strategy to keep pace with the changing demands of end users. For instance, For Instance, In November, 2023, Teledyne e2v unveiled the Emerald Gen 2 CMOS image sensor line. The sensors come in 21 x 20 mm Ceramic Land Grid Array packages, and they are offered in either 8.9 MPixel or 12 MPixel resolution, available in monochrome or color, and in standard or high-speed grades. Additionally, in September, 2023, Cognex Corporation unveiled the In-Sight SnAPP sensor. The In-Sight SnAPP is crafted for simplicity and easy deployment, offering customers a straightforward entry point into machine vision technology.

Cardinal Matrix - Market Competition Analysis

Based on the Analysis presented in the Cardinal Matrix; Keyence Corporation is the forerunners in the Market. Companies such as Teledyne Technologies, Inc., Omron Corporation and Cognex Corporation are some of the key innovators in the Market. For Instance, In May, 2023, Cognex Corporation launched the Advantage 182 vision system, an industrial machine vision system. Through this product, the company seeks to automate intricate location, classification, and inspection tasks. The Advantage 182 vision system incorporates advanced machine vision, barcode reading, and edge learning technology to automate a wide range of tasks, spanning from basic presence/absence detection and track-and-trace applications to precise alignment and sophisticated color inspections.



Market Growth Factors

Industry 4.0 emphasizes implementing automated inspection and quality control processes to ensure high product quality and consistency. These sensors are deployed in manufacturing lines to perform real-time inspections, identify defects, and verify product specifications. These sensors play a vital role in tracking products throughout production, verifying serial numbers, and ensuring adherence to regulatory standards. Therefore, the market is expanding significantly due to the rising adoption of industry 4.0 and smart manufacturing.

Additionally, E-commerce fulfillment centers and logistics hubs deploy vision sensors for the automated sorting of packages. As per the International Trade Administration, global e-commerce sales for B2B businesses have gradually increased over the last decade, with the global B2B e-commerce industry expected to be worth USD$36 trillion by 2026. Thus, because of the rapid growth in e-commerce and logistics, the market is anticipated to increase significantly.

Market Restraining Factors

High initial costs may limit the frequency of system upgrades or expansions. Organizations may exhibit risk aversion when considering high-cost investments, particularly in economically uncertain times. The perceived financial risk associated with implementing sensor systems can result in delayed or deferred investment decisions, impacting the overall market growth.



The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Product Launches and Product Expansions.

By Sensor Type Analysis

By sensor type, the market is categorized into less than 3D, 3D, and others. In 2022, the less than 3D segment held the highest revenue share in the market. Less than 3D sensors are employed for printed text and character recognition. Optical character recognition (OCR) technology is used in applications like document processing to extract text from images. These sensors assist in reading and interpreting printed characters on documents, labels, and packaging, enhancing automation in administrative tasks.

By End User Analysis

On the basis of end user, the market is divided into automotive, electronics & semiconductor, consumer electronics, pharmaceuticals, food & packaging, and others. The electronics & semiconductor segment procured a promising growth rate in the market in 2022. These sensors play a crucial role in wafer inspection during semiconductor manufacturing. They detect defects, contaminants, and irregularities on semiconductor wafers.



By Application Analysis

Based on application, the market is classified into inspection, gauging, code reading, and others. In 2022, the inspection segment witnessed the largest revenue share in the market. These sensors are used for surface inspection in material processing industries such as steel, glass, and plastics. They can detect surface defects, irregularities, or contaminants in materials, ensuring the final products meet quality standards. Surface inspection produces high-quality materials for construction, packaging, and other applications.

By Regional Analysis

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region acquired a significant revenue share in the market. North America, particularly the United States, is home to a robust manufacturing sector that has embraced Industry 4.0 principles. The automotive industry in North America has extensively integrated vision sensors for applications such as advanced driver-assistance Systems (ADAS), autonomous vehicles, and manufacturing quality control.

Recent Strategies Deployed in the Market

  • Feb-2024: Sick AG has signed an OEM partnership agreement with Viking Masek Robotics & Automation, a provider of innovative packaging automation solutions. Under this partnership, the companies will integrate SICK's 2D and 3D vision system components into Viking Masek Robotics & Automation's machinery to offer unique solutions to meet the needs of clients across various industries.
  • Nov-2023: Teledyne e2v, a subsidiary of Teledyne Technologies, Inc., unveiled the Emerald Gen 2 CMOS image sensor line. The sensors come in 21 x 20 mm Ceramic Land Grid Array packages, and they are offered in either 8.9 MPixel or 12 MPixel resolution, available in monochrome or color, and in standard or high-speed grades. Additionally, the sensors are tailored for various machine vision applications, including inspection, sorting, pick-and-place tasks, and transportation systems.
  • Nov-2023: Basler AG came into a partnership with Siemens AG, a technology company. Through this partnership, the companies aim to simplify the integration of machine vision solutions into automation systems for clients. Additionally, it will allow customers to simplify their production process, increase efficiency, lower costs, and improve quality control and transparency.
  • Sep-2023: Cognex Corporation unveiled the In-Sight SnAPP vision sensor. With this product, the company has expanded its capabilities in the vision-sensing space. The In-Sight SnAPP is crafted for simplicity and easy deployment, offering customers a straightforward entry point into machine vision technology.
  • Jun-2023: Sick AG unveiled the safeVisionary 2, a 3D time-of-flight (ToF) camera with Performance Level c (PL c). The product helps customers achieve full autonomy and offers 3D localization and object recognition capabilities. Additionally, this small 3D camera boosts productivity and delivers accurate 3D measurement data to improve automation processes.

List of Key Companies Profiled

  • Omron Corporation
  • Basler AG
  • Sick AG
  • Datalogic S.p.A. (Hydra S.p.A.)
  • Balluff GmbH
  • Teledyne Technologies, Inc. (Teledyne DALSA)
  • IFM Electronics GmbH
  • Keyence Corporation
  • Baumer Holding AG
  • Cognex Corporation

Market Report Segmentation

By Sensor Type
  • Less Than 3D
  • 3D
  • Others
By End User
  • Automotive
  • Consumer Electronics
  • Electronics & Semiconductor
  • Pharmaceuticals
  • Food & Packaging
  • Others
By Application
  • Inspection
  • Code Reading
  • Gauging
  • Others
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Vision Sensor Market, by Sensor Type
1.4.2 Global Vision Sensor Market, by End User
1.4.3 Global Vision Sensor Market, by Application
1.4.4 Global Vision Sensor Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2022
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2024)
4.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2019, Sep - 2023, Nov) Leading Players
4.5 Porter’s Five Forces Analysis
Chapter 5. Global Vision Sensor Market by Sensor Type
5.1 Global Less Than 3D Market by Region
5.2 Global 3D Market by Region
5.3 Global Others Market by Region
Chapter 6. Global Vision Sensor Market by End User
6.1 Global Automotive Market by Region
6.2 Global Consumer Electronics Market by Region
6.3 Global Electronics & Semiconductor Market by Region
6.4 Global Pharmaceuticals Market by Region
6.5 Global Food & Packaging Market by Region
6.6 Global Others Market by Region
Chapter 7. Global Vision Sensor Market by Application
7.1 Global Inspection Market by Region
7.2 Global Code Reading Market by Region
7.3 Global Gauging Market by Region
7.4 Global Others Market by Region
Chapter 8. Global Vision Sensor Market by Region
8.1 North America Vision Sensor Market
8.1.1 North America Vision Sensor Market by Sensor Type
8.1.1.1 North America Less Than 3D Market by Country
8.1.1.2 North America 3D Market by Country
8.1.1.3 North America Others Market by Country
8.1.2 North America Vision Sensor Market by End User
8.1.2.1 North America Automotive Market by Country
8.1.2.2 North America Consumer Electronics Market by Country
8.1.2.3 North America Electronics & Semiconductor Market by Country
8.1.2.4 North America Pharmaceuticals Market by Country
8.1.2.5 North America Food & Packaging Market by Country
8.1.2.6 North America Others Market by Country
8.1.3 North America Vision Sensor Market by Application
8.1.3.1 North America Inspection Market by Country
8.1.3.2 North America Code Reading Market by Country
8.1.3.3 North America Gauging Market by Country
8.1.3.4 North America Others Market by Country
8.1.4 North America Vision Sensor Market by Country
8.1.4.1 US Vision Sensor Market
8.1.4.1.1 US Vision Sensor Market by Sensor Type
8.1.4.1.2 US Vision Sensor Market by End User
8.1.4.1.3 US Vision Sensor Market by Application
8.1.4.2 Canada Vision Sensor Market
8.1.4.2.1 Canada Vision Sensor Market by Sensor Type
8.1.4.2.2 Canada Vision Sensor Market by End User
8.1.4.2.3 Canada Vision Sensor Market by Application
8.1.4.3 Mexico Vision Sensor Market
8.1.4.3.1 Mexico Vision Sensor Market by Sensor Type
8.1.4.3.2 Mexico Vision Sensor Market by End User
8.1.4.3.3 Mexico Vision Sensor Market by Application
8.1.4.4 Rest of North America Vision Sensor Market
8.1.4.4.1 Rest of North America Vision Sensor Market by Sensor Type
8.1.4.4.2 Rest of North America Vision Sensor Market by End User
8.1.4.4.3 Rest of North America Vision Sensor Market by Application
8.2 Europe Vision Sensor Market
8.2.1 Europe Vision Sensor Market by Sensor Type
8.2.1.1 Europe Less Than 3D Market by Country
8.2.1.2 Europe 3D Market by Country
8.2.1.3 Europe Others Market by Country
8.2.2 Europe Vision Sensor Market by End User
8.2.2.1 Europe Automotive Market by Country
8.2.2.2 Europe Consumer Electronics Market by Country
8.2.2.3 Europe Electronics & Semiconductor Market by Country
8.2.2.4 Europe Pharmaceuticals Market by Country
8.2.2.5 Europe Food & Packaging Market by Country
8.2.2.6 Europe Others Market by Country
8.2.3 Europe Vision Sensor Market by Application
8.2.3.1 Europe Inspection Market by Country
8.2.3.2 Europe Code Reading Market by Country
8.2.3.3 Europe Gauging Market by Country
8.2.3.4 Europe Others Market by Country
8.2.4 Europe Vision Sensor Market by Country
8.2.4.1 Germany Vision Sensor Market
8.2.4.1.1 Germany Vision Sensor Market by Sensor Type
8.2.4.1.2 Germany Vision Sensor Market by End User
8.2.4.1.3 Germany Vision Sensor Market by Application
8.2.4.2 UK Vision Sensor Market
8.2.4.2.1 UK Vision Sensor Market by Sensor Type
8.2.4.2.2 UK Vision Sensor Market by End User
8.2.4.2.3 UK Vision Sensor Market by Application
8.2.4.3 France Vision Sensor Market
8.2.4.3.1 France Vision Sensor Market by Sensor Type
8.2.4.3.2 France Vision Sensor Market by End User
8.2.4.3.3 France Vision Sensor Market by Application
8.2.4.4 Russia Vision Sensor Market
8.2.4.4.1 Russia Vision Sensor Market by Sensor Type
8.2.4.4.2 Russia Vision Sensor Market by End User
8.2.4.4.3 Russia Vision Sensor Market by Application
8.2.4.5 Spain Vision Sensor Market
8.2.4.5.1 Spain Vision Sensor Market by Sensor Type
8.2.4.5.2 Spain Vision Sensor Market by End User
8.2.4.5.3 Spain Vision Sensor Market by Application
8.2.4.6 Italy Vision Sensor Market
8.2.4.6.1 Italy Vision Sensor Market by Sensor Type
8.2.4.6.2 Italy Vision Sensor Market by End User
8.2.4.6.3 Italy Vision Sensor Market by Application
8.2.4.7 Rest of Europe Vision Sensor Market
8.2.4.7.1 Rest of Europe Vision Sensor Market by Sensor Type
8.2.4.7.2 Rest of Europe Vision Sensor Market by End User
8.2.4.7.3 Rest of Europe Vision Sensor Market by Application
8.3 Asia Pacific Vision Sensor Market
8.3.1 Asia Pacific Vision Sensor Market by Sensor Type
8.3.1.1 Asia Pacific Less Than 3D Market by Country
8.3.1.2 Asia Pacific 3D Market by Country
8.3.1.3 Asia Pacific Others Market by Country
8.3.2 Asia Pacific Vision Sensor Market by End User
8.3.2.1 Asia Pacific Automotive Market by Country
8.3.2.2 Asia Pacific Consumer Electronics Market by Country
8.3.2.3 Asia Pacific Electronics & Semiconductor Market by Country
8.3.2.4 Asia Pacific Pharmaceuticals Market by Country
8.3.2.5 Asia Pacific Food & Packaging Market by Country
8.3.2.6 Asia Pacific Others Market by Country
8.3.3 Asia Pacific Vision Sensor Market by Application
8.3.3.1 Asia Pacific Inspection Market by Country
8.3.3.2 Asia Pacific Code Reading Market by Country
8.3.3.3 Asia Pacific Gauging Market by Country
8.3.3.4 Asia Pacific Others Market by Country
8.3.4 Asia Pacific Vision Sensor Market by Country
8.3.4.1 China Vision Sensor Market
8.3.4.1.1 China Vision Sensor Market by Sensor Type
8.3.4.1.2 China Vision Sensor Market by End User
8.3.4.1.3 China Vision Sensor Market by Application
8.3.4.2 Japan Vision Sensor Market
8.3.4.2.1 Japan Vision Sensor Market by Sensor Type
8.3.4.2.2 Japan Vision Sensor Market by End User
8.3.4.2.3 Japan Vision Sensor Market by Application
8.3.4.3 India Vision Sensor Market
8.3.4.3.1 India Vision Sensor Market by Sensor Type
8.3.4.3.2 India Vision Sensor Market by End User
8.3.4.3.3 India Vision Sensor Market by Application
8.3.4.4 South Korea Vision Sensor Market
8.3.4.4.1 South Korea Vision Sensor Market by Sensor Type
8.3.4.4.2 South Korea Vision Sensor Market by End User
8.3.4.4.3 South Korea Vision Sensor Market by Application
8.3.4.5 Singapore Vision Sensor Market
8.3.4.5.1 Singapore Vision Sensor Market by Sensor Type
8.3.4.5.2 Singapore Vision Sensor Market by End User
8.3.4.5.3 Singapore Vision Sensor Market by Application
8.3.4.6 Malaysia Vision Sensor Market
8.3.4.6.1 Malaysia Vision Sensor Market by Sensor Type
8.3.4.6.2 Malaysia Vision Sensor Market by End User
8.3.4.6.3 Malaysia Vision Sensor Market by Application
8.3.4.7 Rest of Asia Pacific Vision Sensor Market
8.3.4.7.1 Rest of Asia Pacific Vision Sensor Market by Sensor Type
8.3.4.7.2 Rest of Asia Pacific Vision Sensor Market by End User
8.3.4.7.3 Rest of Asia Pacific Vision Sensor Market by Application
8.4 LAMEA Vision Sensor Market
8.4.1 LAMEA Vision Sensor Market by Sensor Type
8.4.1.1 LAMEA Less Than 3D Market by Country
8.4.1.2 LAMEA 3D Market by Country
8.4.1.3 LAMEA Others Market by Country
8.4.2 LAMEA Vision Sensor Market by End User
8.4.2.1 LAMEA Automotive Market by Country
8.4.2.2 LAMEA Consumer Electronics Market by Country
8.4.2.3 LAMEA Electronics & Semiconductor Market by Country
8.4.2.4 LAMEA Pharmaceuticals Market by Country
8.4.2.5 LAMEA Food & Packaging Market by Country
8.4.2.6 LAMEA Others Market by Country
8.4.3 LAMEA Vision Sensor Market by Application
8.4.3.1 LAMEA Inspection Market by Country
8.4.3.2 LAMEA Code Reading Market by Country
8.4.3.3 LAMEA Gauging Market by Country
8.4.3.4 LAMEA Others Market by Country
8.4.4 LAMEA Vision Sensor Market by Country
8.4.4.1 Brazil Vision Sensor Market
8.4.4.1.1 Brazil Vision Sensor Market by Sensor Type
8.4.4.1.2 Brazil Vision Sensor Market by End User
8.4.4.1.3 Brazil Vision Sensor Market by Application
8.4.4.2 Argentina Vision Sensor Market
8.4.4.2.1 Argentina Vision Sensor Market by Sensor Type
8.4.4.2.2 Argentina Vision Sensor Market by End User
8.4.4.2.3 Argentina Vision Sensor Market by Application
8.4.4.3 UAE Vision Sensor Market
8.4.4.3.1 UAE Vision Sensor Market by Sensor Type
8.4.4.3.2 UAE Vision Sensor Market by End User
8.4.4.3.3 UAE Vision Sensor Market by Application
8.4.4.4 Saudi Arabia Vision Sensor Market
8.4.4.4.1 Saudi Arabia Vision Sensor Market by Sensor Type
8.4.4.4.2 Saudi Arabia Vision Sensor Market by End User
8.4.4.4.3 Saudi Arabia Vision Sensor Market by Application
8.4.4.5 South Africa Vision Sensor Market
8.4.4.5.1 South Africa Vision Sensor Market by Sensor Type
8.4.4.5.2 South Africa Vision Sensor Market by End User
8.4.4.5.3 South Africa Vision Sensor Market by Application
8.4.4.6 Nigeria Vision Sensor Market
8.4.4.6.1 Nigeria Vision Sensor Market by Sensor Type
8.4.4.6.2 Nigeria Vision Sensor Market by End User
8.4.4.6.3 Nigeria Vision Sensor Market by Application
8.4.4.7 Rest of LAMEA Vision Sensor Market
8.4.4.7.1 Rest of LAMEA Vision Sensor Market by Sensor Type
8.4.4.7.2 Rest of LAMEA Vision Sensor Market by End User
8.4.4.7.3 Rest of LAMEA Vision Sensor Market by Application
Chapter 9. Company Profiles
9.1 Omron Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Basler AG
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.6 SWOT Analysis
9.3 Sick AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 Datalogic S.p.A. (Hydra S.p.A.)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional & Segmental Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Product Launches and Product Expansions:
9.4.5.3 Acquisition and Mergers:
9.4.6 SWOT Analysis
9.5 Balluff GmbH
9.5.1 Company Overview
9.5.2 SWOT Analysis
9.6 Teledyne Technologies, Inc. (Teledyne DALSA)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Recent strategies and developments:
9.6.4.1 Product Launches and Product Expansions:
9.6.4.2 Acquisition and Mergers:
9.6.5 SWOT Analysis
9.7 IFM Electronics GmbH
9.7.1 Company Overview
9.7.2 SWOT Analysis
9.8 Keyence Corporation
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.8.6 SWOT Analysis
9.9 Baumer Holding AG
9.9.1 Company Overview
9.9.2 SWOT Analysis
9.10. Cognex Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Product Launches and Product Expansions:
9.10.6 SWOT Analysis
Chapter 10. Winning Imperatives of Vision Sensor Market

Companies Mentioned

  • Omron Corporation
  • Basler AG
  • Sick AG
  • Datalogic S.p.A. (Hydra S.p.A.)
  • Balluff GmbH
  • Teledyne Technologies, Inc. (Teledyne DALSA)
  • IFM Electronics GmbH
  • Keyence Corporation
  • Baumer Holding AG
  • Cognex Corporation

Methodology

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