The global smart vision sensors market size is expected to reach USD 31.73 Billion at a revenue CAGR of 18.6% in 2028, according to latest analysis by Emergen Research. Rapid market revenue growth can be attributed to increasing use of smart vision sensors in end-use industries such as electronics & semiconductors, pharmaceuticals, and food & beverage, among others. Use of smart vision sensors in industrial settings has garnered significant traction over last couple of years. These sensors deliver several benefits over host-based systems and provide innovative functionalities in measurement, inspection, and various other vision-based applications. In industrial-settings, smart vision sensors aid in decision making associated with localized pass/fail, networked management capabilities, and I/O part rejection. This results in smaller system footprints and in turn, simplifies and streamlines machine vision applications. Majority of such sensors enable manufacturers and system integrators in the customization for image enhancement, object measurement, and feature location, among others.
The latest report on Smart Vision Sensors Market offers readers a deeper understanding of the potential target consumers to create a lucrative marketing strategy for the forecast duration from 2020 to 2028. It shall prove particularly helpful for entrepreneurs looking for information on potential customers. Selective public statements released by leading vendors will allow entrepreneurs to acquire a deeper understanding of the local market and prospective clients. The Global Smart Vision Sensors Market is growing rapidly and has witnessed significant advancement in recent years, with vital data becoming increasingly accessible and the shift from traditional analysis platforms to self-service analytics, which has dominated the market.
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To offer a more robust business perspective, this study on the global Smart Vision Sensors market involves key predictions to give the reader a deeper understanding of the sector. Analysts believe that this research report will be beneficial for financial experts, regulatory bodies, and policymakers. Independent research institutions, non-profit organizations, and corporate entities in the sectors can also leverage the insights offered by this report.
The market intelligence report on the Smart Vision Sensors Industry also includes an extensive investigation of the competitive landscape. It assesses the business and marketing strategies expected to be present in the market through the forecast years. It also includes an investigation of the recent advancements and other factors driving the growth of the overall market to help comprehend the progress of the companies in the coming years.
Top key Companies in Smart Vision Sensors Market include are:
atalogic SPA, Aquifi Inc., Omron Corporation, Isra Vision AG, Baumer, Ximea GmbH, Baster AG, Qualitas Technologies, SensoPart Industriesensorik GmbH, and Cognex Corporation.
While conducting primary research, the researchers observed that the rapid growth of the Smart Vision Sensors Market through the forecast duration is driven by the niche and emerging opportunities for the producers engaged in the worldwide Smart Vision Sensors market. The worldwide Smart Vision Sensors market has been categorized as product, end-user, and major geographic regions.
Emergen Research has segmented the global smart vision sensors market on the basis of product type, technology, connectivity, application, industry vertical, and region:
- Product Type Outlook (Revenue, USD Million; 2018–2028)
- 2D Smart Vision Sensor
- 3D Smart Vision Sensor
- Others
- Technology Outlook (Revenue, USD Million; 2018–2028)
- MEMS
- CMOS
- Others
- Connectivity Outlook (Revenue, USD Million; 2018–2028)
- Wired
- Wireless
- Application Outlook (Revenue, USD Million; 2018–2028)
- Inspection
- Code Reading
- Gauging
- Localization
- Others
- Industry Vertical Outlook (Revenue, USD Million; 2018–2028)
- Electronics & Semiconductors
- Automotive
- Pharmaceuticals
- Food & Packaging
- Others
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Some Key Highlights From the Report
- In January 2021, LMI Technologies, which is a firm engaged in 3D scanning & inspection, acquired FringeAI, which is a firm engaged Artificial Intelligence and Industrial Internet of Things/5G inspection solutions.
- By product type, 2D smart vision sensors segment accounted for a significantly large revenue share in 2020. 2D vision finds application in aiding in tasks associated with inspection, positioning, reading, and measuring. It is especially beneficial in applications requiring high contrast, or in applications where object color or texture is crucial.
- By technology, MEMS segment revenue is expected to expand a rapid rate over forecast period. MEMS technology enables smart vision sensors to handle and maintain considerable volumes of data, which is collected by the sensor and processed with the help of a microprocessor. Primary benefits of MEMS technology are low power consumption, enhanced reproducibility, better precision, and increased selectivity and sensitivity.
Region wise performance of the Smart Vision Sensors industry
This report studies the global Smart Vision Sensors market status and forecast, categorizes the global Smart Vision Sensors market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
Table of Content
Chapter 1. Methodology & Sources
1.1. Smart Vision Sensors Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Smart Vision Sensors Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Smart Vision Sensors Market Segmentation & Impact Analysis
4.1. Smart Vision Sensors Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Smart Vision Sensors Market indicators analysis
4.2.2. Smart Vision Sensors Market drivers analysis
4.2.2.1. Rapid urbanization and industrialization
4.2.2.2. Stringent government regulations regarding carbon emissions
4.2.2.3. Increasing prevalence of respiratory diseases
4.2.2.4. Rising need to enhance indoor air quality
4.2.3. Smart Vision Sensors Market restraints analysis
4.2.3.1. High cost associated with the maintenance of Smart Vision Sensors products
4.2.3.2. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Smart Vision Sensors Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.2. Europe
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2. Distributors
10.5.2.1. North America
10.5.2.2. Europe
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
10.5.3. Others
Continued….
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The Smart Vision Sensors research focuses on the possible strengths, drivers, restraints, challenges, threats, opportunities, which can impact the progress of the global Smart Vision Sensors market. The viability of new projects and launches has also been evaluated by analysts in this report.
Reasons to buy the report:
- This study segments the Smart Vision Sensors market and derives the precise valuation of the overall, as well as segment-based, market across different industry verticals, geographies, and products.
- The report will help participants understand the trajectory of the progress of the market and provide information on key drivers, restraints, challenges, threats, and opportunities for the growth of the Smart Vision Sensors sector.
- This report would allow readers to be well-versed with the existing competition and gain more insights to improve their standing in the worldwide business. The competitive landscape considers the dominant competitors, along with product launches and technological advancements, strategic expansions, mergers and acquisitions, and procurement strategies implemented by key players in the market.
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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