Market Overview:
The global light source for machine vision market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for machine vision in consumer electronics, car manufacturing, food packaging, pharmaceutical industry and other applications. LED light sources are expected to witness high growth during the forecast period as they offer several benefits such as low power consumption, long life and low heat generation. Halogen light sources are also expected to witness high growth due their low cost and easy availability.
Product Definition:
A machine vision light source is an artificial light used to illuminate a target for the purpose of machine vision. The importance of a good light source for machine vision is that it provides consistent and repeatable illumination, which is necessary for accurate image acquisition.
LED Light Source:
LED light source is the latest technology in machine vision market and it's growing at a very fast pace. LED light source has many advantages over the traditional sources such as high brightness, less power consumption, longer life span and so on. These advantages are increasing its usage rate in machine vision systems.
The traditional light sources used for machine vision include incandescent lamps, halogen lamps and compact fluorescent lamps (CFLs).
Halogen Light Source:
Halogen light source is a gas-discharge lamp that produces white light. It has high intensity and wide spectrum compared to conventional fluorescent lamps. Halogen lights have longer service life, consume less power, and produce more lumens per watt than incandescent lights. They are used in various applications such as automotive inspection systems due to their high sensitivity towards dirt or defects in the lens which helps detect when a car’s windshield is dirty enough for safety reasons.
Application Insights:
The consumer electronics segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growing demand for smartphones, tablets, laptops and other devices has created a huge scope of application in various industries such as retail, advertisement, security & surveillance among others.
The pharmaceutical industry is also anticipated to witness significant growth over the forecast period owing to increasing adoption of machine-vision technologies across departments including production lines, laboratories and R&D centers. The technology helps maintain product quality by detecting counterfeit drugs at their source which contributes towards overall cost savings thus making it more economical than conventional methods used in drug manufacturing facilities today.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to increasing demand for machine vision systems in countries, such as China and Japan. The growing adoption of these systems in various industrial sectors including automotive, pharmaceuticals and food packaging is anticipated to drive regional growth. Moreover, rising disposable income coupled with increased spending on consumer electronics products are likely to contribute towards market growth during the forecast period.
The presence of a large number of players from developed regions has led major companies from these regions to establish manufacturing facilities in Asia Pacific due to low production costs associated with labor and raw materials. This trend will continue driving manufacturers based out of Asia Pacific region toward expansion thereby boosting product demand over the next eight years.
Europe was estimated as a significant player within global light source for machine vision market by application segment owing its well-established automobile industry that uses technology extensively across several value chain participants including component suppliers, vehicle OEMs (original equipment manufacturers).
Growth Factors:
- Increasing demand for machine vision in automotive and semiconductor industries
- Growing demand for 3D machine vision systems
- Proliferation of smart factories and the Industrial Internet of Things (IIoT)
- Rising adoption of automated inspection systems in manufacturing plants
- Emergence of new applications such as autonomous driving, medical imaging, and drone navigation
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Source for Machine Vision Market Research Report
By Type
LED Light Source, Halogen Light Source, Others
By Application
Consumer Electronics, Car Manufacturing, Food Packaging, Pharmaceutical Industry, Other
By Companies
CCS, Moritex, Advanced Illumination, OPT Machine Vision, Wordop, CST, V-Light
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Light Source for Machine Vision Market Report Segments:
The global Light Source for Machine Vision market is segmented on the basis of:
Types
LED Light Source, Halogen Light Source, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Consumer Electronics, Car Manufacturing, Food Packaging, Pharmaceutical Industry, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CCS
- Moritex
- Advanced Illumination
- OPT Machine Vision
- Wordop
- CST
- V-Light
Highlights of The Light Source for Machine Vision Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LED Light Source
- Halogen Light Source
- Others
- By Application:
- Consumer Electronics
- Car Manufacturing
- Food Packaging
- Pharmaceutical Industry
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light Source for Machine Vision Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Light source is the device that emits light for machine vision.
Some of the key players operating in the light source for machine vision market are CCS, Moritex, Advanced Illumination, OPT Machine Vision, Wordop, CST, V-Light.
The light source for machine vision market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Source for Machine Vision Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light Source for Machine Vision Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Source for Machine Vision Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light Source for Machine Vision Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light Source for Machine Vision Market Size & Forecast, 2018-2028
4.5.1 Light Source for Machine Vision Market Size and Y-o-Y Growth
4.5.2 Light Source for Machine Vision Market Absolute $ Opportunity
Chapter 5 Global Light Source for Machine Vision Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Light Source for Machine Vision Market Size Forecast by Type
5.2.1 LED Light Source
5.2.2 Halogen Light Source
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Light Source for Machine Vision Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Light Source for Machine Vision Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Car Manufacturing
6.2.3 Food Packaging
6.2.4 Pharmaceutical Industry
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Source for Machine Vision Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light Source for Machine Vision Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Light Source for Machine Vision Analysis and Forecast
9.1 Introduction
9.2 North America Light Source for Machine Vision Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Light Source for Machine Vision Market Size Forecast by Type
9.6.1 LED Light Source
9.6.2 Halogen Light Source
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Light Source for Machine Vision Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Car Manufacturing
9.10.3 Food Packaging
9.10.4 Pharmaceutical Industry
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Light Source for Machine Vision Analysis and Forecast
10.1 Introduction
10.2 Europe Light Source for Machine Vision Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Light Source for Machine Vision Market Size Forecast by Type
10.6.1 LED Light Source
10.6.2 Halogen Light Source
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Light Source for Machine Vision Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Car Manufacturing
10.10.3 Food Packaging
10.10.4 Pharmaceutical Industry
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Light Source for Machine Vision Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Light Source for Machine Vision Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Light Source for Machine Vision Market Size Forecast by Type
11.6.1 LED Light Source
11.6.2 Halogen Light Source
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Light Source for Machine Vision Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Car Manufacturing
11.10.3 Food Packaging
11.10.4 Pharmaceutical Industry
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Light Source for Machine Vision Analysis and Forecast
12.1 Introduction
12.2 Latin America Light Source for Machine Vision Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Light Source for Machine Vision Market Size Forecast by Type
12.6.1 LED Light Source
12.6.2 Halogen Light Source
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Light Source for Machine Vision Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Car Manufacturing
12.10.3 Food Packaging
12.10.4 Pharmaceutical Industry
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Light Source for Machine Vision Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Light Source for Machine Vision Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Light Source for Machine Vision Market Size Forecast by Type
13.6.1 LED Light Source
13.6.2 Halogen Light Source
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Light Source for Machine Vision Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Car Manufacturing
13.10.3 Food Packaging
13.10.4 Pharmaceutical Industry
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light Source for Machine Vision Market: Competitive Dashboard
14.2 Global Light Source for Machine Vision Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CCS
14.3.2 Moritex
14.3.3 Advanced Illumination
14.3.4 OPT Machine Vision
14.3.5 Wordop
14.3.6 CST
14.3.7 V-Light
