According to the new research report on "Vision Sensor Market Size and Forecast (2020-2030), Global and Regional Share, Trends, and Growth Opportunity Analysis," published by The Insight Partners, the vision sensor market is expected to reach US$ 8.33 billion by 2030 and register a CAGR of 12.4% from 2023 to 2030.
The introduction of Industry 4.0 brings several advances in the efficiency and productivity of industrial processes. Various industries use vision sensors for generating real-time visual information used in quality control processes. Industries use this information to enhance productivity, automation, and quality control in their processes, which further leads to a reduction in downtime. Vision sensors are used to detect defects or inconsistencies in product lines and enable businesses to produce high-quality products. Vision sensors are crucial for smart factories and Industry 4.0 for enabling advanced automation, smart manufacturing, and data-driven decision-making activities. They are essential for automating assembly lines, quality control, mitigating risks, and supporting businesses to produce high-quality products by minimizing errors. Thus, vision sensors help improve the overall effectiveness of equipment and minimize downtime by ensuring efficient operations and automation within modern industrial facilities.
The vision sensor market in Germany is projected to expand at a significant rate in the future due to the presence of a large number of domestic players such as SensoPart Industriesensorik GmbH, Sick AG, and Balluff GmbH. These players continuously engage in developing innovate products to fulfill their customers' needs. For instance, in October 2022, SensoPart Industriesensorik GmbH launched VISOR UV to evaluate markings, codes, and inscriptions that are invisible to the human eye. VISOR UV is integrated with UV illumination and has two resolutions: V50: 2560 x 1936 pixels and V20: 1440 x 1080 pixels. The vision sensors are integrated with UV illumination, which makes them highly suitable for performing comprehensive image processing functions and use in a wide range of areas such as measurement, object detection, code reading, and robotics applications.
Key Findings of Study:
Based on type, the vision sensor market is segmented less than 3D and 3D. Less than 3D vision sensors are widely used in various applications that require imaging and sensing capabilities. 1D vision sensors analyze a digital signal line by line rather than analyzing the entire image at once. They are most commonly used to classify and detect defects in materials manufactured in a continuous process. Similarly, 2D vision sensors allow machines to perform tasks with a high level of precision. These sensors are highly used in industrial automation processes for measuring, inspection, positioning, and reading tasks. For instance, the IVC-2D vision sensor is a self-contained, stand-alone solution that supports users in performing inspection, measurement, and identification tasks in advanced applications. Further, 1D and 2D vision sensors offer benefits such as cost-effectiveness, simpler programming, and compatibility with the existing system.
On the basis of application, the vision sensor market is segmented into inspection, gauging, code reading, and others. Code-reading vision sensors use cameras and image processing algorithms to recognize and read different types of codes, including data matrix and barcode codes. These sensors are designed to provide accurate and efficient code reading capabilities in various applications, including production line traceability, logistics, and quality control. The code reading segment is anticipated to expand at a significant rate during the forecast period due to its growing demand in numerous industries such as electronics, food & beverages, healthcare, packaging, and logistics. These industries use 1D or 2D code readers for identifying and tracking products on a conveyor belt or during transit. The expansion of automotive, food & beverages, and healthcare industries further bolsters the market for code-reading vision sensors.
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