North America Vision Sensor Market Forecast to 2030 - Regional Analysis - by Type, Application, and Industry Vertical

The North America vision sensor market was valued at US$ 969.79 million in 2022 and is expected to reach US$ 2.41 billion by 2030; it is estimated to register a CAGR of 12.1% from 2022 to 2030.

High Adoption of Vision Sensors in Consumer Electronics Industry Fuel North America Vision Sensor Market

Vision sensors are typically used to verify operational effectiveness and maintain product quality. They are also used in code reading, gauging, and localization applications to improve business productivity by streamlining operations. Numerous industries, including automotive, electronics and semiconductors, industrial manufacturing, food and packaging, and pharmaceutical, are using these sensors to detect defects in their production lines. The electrical sector and consumer electronics both use vision sensors to enhance device capabilities such as facial recognition, augmented reality (AR), gesture control, and object recognition. Vision sensors are highly used in smartphones for face unlocks, photo enhancement, and AR filters.

The growing use of vision sensors in consumer electronics industries is accelerating market growth. Also, the rising need to check defects in the production facilities has bolstered the vision sensor market growth. According to IDC Corporate, in August 2023, smartphone shipments reached 1.15 billion units and are expected to increase at 4.5% year-over-year growth from 2024. The growing adoption of smartphones is expected to continue to drive the vision sensor market soon.

North America Vision Sensor Market Overview

The vision sensor market in North Africa is projected to grow in the near future due to the rising adoption of vision sensors in the automotive and electronics industry. Vision sensors are used for maintaining product quality and ensure operational efficiency in the automotive industry. They help automotive manufacturers in the positioning of parts during assembly processes by ensuring precise alignment and placement of components. Similarly, in the electronics industry, vision sensors are used to measure and verify the dimensions and tolerances of electronic components. The expansion of the automotive and electronics industry in North Africa is driving the market.

The vision sensor market in North America is further anticipated to expand due to the growing demand for advanced technologies such as AL, ML, IoT, and IIoT. Cognex Corporation and Teledyne Digital Imaging Inc are among key players in North America expanding their current portfolio by developing vision sensors. For instance, in November 2022, Cognex Corporation launched the DataMan 8700LX Handheld Barcode Reader to meet the demand from manufacturing industries. DataMan 8700LX is a high-performance, handheld barcode reader integrated with vision sensors. This handheld barcode reader is designed with a liquid lens for reading the most challenging label-based codes and supports a broad range of industrial applications.

The expansion of numerous industries including automotive, electronics, and industrial manufacturing, is also creating opportunities for the market in the region. Favorable initiatives taken by the government to develop automotive and electronics industries are fueling the market in the country. The automotive and electronics industries in the country play a significant role in the US economy. According to Cox Automotive Industry Insight Data of Q3, 2023, new vehicle sales volume reached 1.3 million units in September 2023, an increase of 13% from 2022.

The US automotive industry's growth is creating opportunities for the vision sensor market growth. Vision sensors are integrated into the automotive industry's light detection and ranging (LiDAR), advanced driver-assistance systems (ADAS), and radar to enhance safety and overall driving experiences. These factors are projected to support the vision sensor market growth in North America during the forecast period.

North America Vision Sensor Market Revenue and Forecast to 2030 (US$ Million)

North America Vision Sensor Market Segmentation

The North America vision sensor market is categorized into type, application, industry vertical, and country.

Based on type, the North America vision sensor market is bifurcated into less than 3D and 3D. The less than 3D segment held a larger market share in 2022.

In terms of application, the North America vision sensor market is categorized into inspection, gauging, code reading, and others. The code reading segment held the largest market share in 2022.

By industry vertical, the North America vision sensor market is segmented into automotive, electronics, industrial manufacturing, food & beverages, and others. The automotive segment held the largest market share in 2022.

Based on country, the North America vision sensor market is segmented into the US, Canada, and Mexico. The US dominated the North America vision sensor market share in 2022.

Cognex Corp, Teledyne Technologies Inc, Keyence Corp, Sick AG, Balluff GmbH, Baumer Holding AG, Pepperl+Fuchs SE, Ifm Electronic GmbH, Hans Turck GmbH & Co.KG, and Leuze Electronic GmbH & Co KG are some of the leading companies operating in the North America vision sensor market.