Vision Sensor Market in Electronics: Boosting the Market to New Heights

The report "Vision Sensor Market by Sensor Type (Less than 3D, 3D), Application (Inspection, Gauging, Code Reading & Localization), End-User Industry (Automotive, Electronics & Semiconductor, Pharmaceuticals, Food & Packaging), and Geography - Global Forecast to 2023" highlights the expected growth of the vision sensor market from USD 2.5 billion in 2018 to USD 4.5 billion by 2023, growing at a CAGR of 12.2%.

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This growth is driven by the increasing adoption of vision sensors in various industries to enhance automation and precision. The automotive sector leverages vision sensors for quality control and assembly line inspection, while the electronics and semiconductor industries use them for component placement and defect detection. The pharmaceuticals sector benefits from vision sensors in ensuring the integrity of packaging and labeling, and the food and packaging industry uses them for sorting and quality checks. The demand for advanced vision sensor technology is propelled by the need for higher efficiency, accuracy, and reliability in manufacturing processes, making vision sensors indispensable across diverse industrial applications.

Major factors surging the demand for vision sensors include the growth of the electronic and electrical industry, the use of machine vision technology in the automotive industry, and the focus of manufacturing companies on cost and time savings. In the electronics and electrical sectors, the increasing complexity and miniaturization of components necessitate precise inspection and quality control, which vision sensors adeptly provide. In the automotive industry, machine vision technology is integral for tasks such as assembly line inspection, robotic guidance, and safety systems, ensuring high standards of manufacturing and operational efficiency. Additionally, manufacturing companies are increasingly adopting vision sensors to reduce production costs and time by automating quality assurance processes, minimizing human error, and enhancing overall productivity. This widespread adoption across industries underscores the critical role of vision sensors in modern manufacturing and industrial applications.

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Automotive industry to account for largest size of vision sensor market from 2018 to 2023

The automotive industry is expected to be the key end-user industry for vision sensors due to the increasing demand for these sensors in inspection, identification, and localization applications. Vision sensors are crucial for inspecting various parts and components, identifying faulty components, detecting misalignment, and guiding robotic arms to perform complex tasks on the assembly line. These applications ensure high standards of quality and precision in automotive manufacturing. The growing trend of factory automation to reduce manufacturing time and costs further propels the demand for vision sensors. This is particularly evident in regions like North America, APAC, and Europe, where automotive manufacturers are increasingly integrating advanced sensor technologies to enhance operational efficiency and maintain competitive advantage in the global market.

Inspection and code reading applications will boost demand for less than 3D vision sensors during forecast period

Less than 3D sensors are projected to hold the largest share of the vision sensor market during the forecast period. These sensors are widely used in applications such as line scan, area scan, inspection, gauging, code reading, and localization across various end-user industries, including automotive, electronics & semiconductor, pharmaceuticals, and food & packaging. Their versatility and reliability in these applications make them essential for maintaining high standards of quality and efficiency. The demand for less than 3D sensors will be particularly high in regions like APAC, Europe, and North America, driven by the increasing adoption of automation and advanced manufacturing technologies in these industries.

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APAC to hold largest share of vision sensor market from 2018 to 2023

Asia Pacific (APAC) is anticipated to account for the largest share of the overall vision sensor industry in 2018 and is projected to exhibit the highest CAGR during the forecast period. This robust growth is driven by increased investments in industrial automation aimed at reducing manufacturing costs, minimizing time to market, and enhancing quality standards. Key end-user industries such as automotive, electronics, food & beverages, and packaging are at the forefront of this adoption. The region's focus on technological advancement and cost-efficiency in manufacturing processes further propels the demand for vision sensors, making APAC a pivotal player in the global market.

Vision Sensor Companies:

  • Cognex (US),
  • Keyence (Japan),
  • Teledyne (US),
  • Sick AG (Germany),
  • Baumer Holdings (Switzerland) 

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