The vision sensors market is expected to grow from US$ 3.28 billion in 2022 to US$ 8.33 billion by 2030; it is estimated to record a CAGR of 12.4% from 2022 to 2030.
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. Growing use of vision sensors in consumer electronics industries is accelerating the market growth. Also, the rising demand for fewer devices to check multiple defects in the production facilities has bolstered the vision sensor market growth. According to IDC Corporate, in August 2023, the smartphone shipment reached 1.15 billion units and is expected to increase at 4.5% year-over-year growth from 2024. Growing adoption of smartphones in the US, Western Europe, China, and India, among others, is expected to drive the vision sensors market in the near future. Further, the global vision sensor market is anticipated to expand during the forecast period owing to growing analytical care and rising need for advanced implementations.
The high adoption of advanced technologies such as AI, IoT, ML, IIoT, and 5G drives the adoption rate of vision sensors in APAC. Increasing government investment and support for expanding automotive, electronics, industrial manufacturing, food and beverages, and other industries creates regional opportunities. For instance, according to Invest India, during April-September 2023, electronic goods exports in India reached US$ 13.11 billion compared to US$ 10.27 billion in April-September 2022, registering a growth of 27.62%. India's electronic goods export is projected to reach US$ 120 billion by FY 2026, which increases the demand for vision sensors among electronics manufacturers. Moreover, the evolution of Industry 4.0 and industrial automation are anticipated to generate significant opportunities for market growth during the forecast period in the region.
Cognex Corporation, Teledyne Digital Imaging Inc., Keyence Corporation, Sick AG, Balluff GmbH, Baumer Holding AG, Pepperl+Fuchs, ifm electronic gmbh, Hans Turck GmbH & Co. KG, and Leuze electronic GmbH & Co. KG. are among the key vision sensors market players profiled in this market study. Several other essential vision sensors market players were analyzed for a holistic view of the market and its ecosystem.
The overall vision sensors market size has been derived using both primary and secondary sources. To begin the vision sensors market research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the vision sensors market. The process also serves the purpose of obtaining an overview and market forecast of the vision sensors market growth with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights about the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the vision sensors market.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. Vision Sensor Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
 4.3.1 List of Vendors in the Value Chain
5. Vision Sensor Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Vision Sensor Market - Global Market Analysis
6.1 Vision Sensor - Global Market Overview
6.2 Vision Sensor - Global Market and Forecast to 2030
7. Vision Sensor Market - Revenue Analysis (USD Million) - By Type, 2020-2030
7.1 Overview
7.2 Less than 3D
 7.3 3D
8. Vision Sensor Market - Revenue Analysis (USD Million) - By Application, 2020-2030
8.1 Overview
8.2 Inspection
8.3 Gauging
8.4 Code Reading
8.5 Others
9. Vision Sensor Market - Revenue Analysis (USD Million) - By Industry Vertical, 2020-2030
9.1 Overview
9.2 Automotive
9.3 Electronics
9.4 Food and Beverages
9.5 Industrial Manufacturing
9.6 Others
10. Vision Sensor Market - Revenue Analysis (USD Million), 2020-2030 - Geographical Analysis
10.1 North America
 10.1.1 North America Vision Sensor Market Overview
 10.1.2 North America Vision Sensor Market Revenue and Forecasts to 2030
 10.1.3 North America Vision Sensor Market Revenue and Forecasts and Analysis - By Type
 10.1.4 North America Vision Sensor Market Revenue and Forecasts and Analysis - By Application
 10.1.5 North America Vision Sensor Market Revenue and Forecasts and Analysis - By Industry Vertical
 10.1.6 North America Vision Sensor Market Revenue and Forecasts and Analysis - By Countries
 10.1.6.1 United States Vision Sensor Market
 10.1.6.1.1 United States Vision Sensor Market, by Type
 10.1.6.1.2 United States Vision Sensor Market, by Application
 10.1.6.1.3 United States Vision Sensor Market, by Industry Vertical
 10.1.6.2 Canada Vision Sensor Market
 10.1.6.2.1 Canada Vision Sensor Market, by Type
 10.1.6.2.2 Canada Vision Sensor Market, by Application
 10.1.6.2.3 Canada Vision Sensor Market, by Industry Vertical
 10.1.6.3 Mexico Vision Sensor Market
 10.1.6.3.1 Mexico Vision Sensor Market, by Type
 10.1.6.3.2 Mexico Vision Sensor Market, by Application
 10.1.6.3.3 Mexico Vision Sensor Market, by Industry Vertical
 Note - Similar analysis would be provided for below mentioned regions/countries
 
10.2 Europe
 10.2.1 Germany
 10.2.2 France
 10.2.3 Italy
 10.2.4 United Kingdom
 10.2.5 Russia
 10.2.6 Rest of Europe
10.3 Asia-Pacific
 10.3.1 Australia
 10.3.2 China
 10.3.3 India
 10.3.4 Japan
 10.3.5 South Korea
 10.3.6 Rest of Asia-Pacific
10.4 Middle East and Africa
 10.4.1 South Africa
 10.4.2 Saudi Arabia
 10.4.3 U.A.E
 10.4.4 Rest of Middle East and Africa
10.5 South and Central America
 10.5.1 Brazil
 10.5.2 Argentina
 10.5.3 Rest of South and Central America
11. Pre and Post Covid-19 Impact
12. Industry Landscape
12.1 Mergers and Acquisitions
12.2 Agreements, Collaborations, Joint Ventures
12.3 New Product Launches
12.4 Expansions and Other Strategic Developments
13. Competitive Landscape
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning and Concentration
14. Vision Sensor Market - Key Company Profiles
14.1 Cognex Corporation
 14.1.1 Key Facts
 14.1.2 Business Description
 14.1.3 Products and Services
 14.1.4 Financial Overview
 14.1.5 SWOT Analysis
 14.1.6 Key Developments
 Note - Similar information would be provided for below list of companies
 
14.2 Teledyne Digital Imaging Inc.
14.3 Keyence Corporation
14.4 SICK AG
14.5 Balluff GmbH
14.6 Baumer Holding AG
14.7 Pepperl+Fuchs
14.8 ifm Electronics GmbH
14.9 Hans Turck GmbH
14.10 Leuze Electronics GmbH
15. Appendix
15.1 Glossary
15.2 About
15.3 Market Intelligence Cloud
LIST OF TABLES
LIST OF FIGURES
The List of Companies -?Vision Sensor Market?
- Cognex Corporation
- Teledyne Digital Imaging Inc.
- Keyence Corporation
- Sick AG
- Balluff GmbH
- Baumer Holding AG
- Pepperl+Fuchs, ifm electronic gmbh
- Hans?Turck GmbH & Co. KG
- Leuze electronic GmbH & Co. KG.