Market Overview:
The global smart vision sensor market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for smart vision sensors in various applications such as car body visual inspection system, online visual measurement system for steel pipe straightness and section size, 3D shape visual measurement, and packaging production line. Additionally, the growing demand for 3D vision sensing is also contributing to the growth of this market. North America dominates the global smart vision sensor market followed by Europe and Asia Pacific.
Product Definition:
A smart vision sensor is a device that uses optical sensors to detect and interpret objects in its field of view. These devices are used in a variety of applications, including industrial automation, security, and medical imaging. Smart vision sensors can be used to identify specific objects or features within an image, which can then be used to control or modify the behavior of a system accordingly. For example, a smart vision sensor may be used to detect the presence of an object in a particular location within an automated manufacturing process so that the system can take appropriate action.
3D Vision Sensing:
3D vision sensing is the technology that enables a device to observe, detect and analyze the real world using more than two cameras. The technology has evolved over decades with numerous innovations in hardware and software. 3D sensors are used across various industries such as automotive, healthcare & life sciences, industrial manufacturing and consumer electronics among others for applications such as inspection of products/parts before purchase or installation, automated assembly & testing of products or parts recognition among others.
Smart Vision Sensor:
The smart vision sensor is a new technology that has evolved over the years and has been used in numerous applications. The smart vision sensors are capable of detecting motion, facial expression, iris-recognition and other body movements. These devices have wide application areas such as consumer electronics, healthcare & life sciences and security & surveillance.
Application Insights:
The car body visual inspection system application segment accounted for the largest revenue share in 2017 and is projected to expand at a steady CAGR from 2018 to 2030. The growth can be attributed to the increasing production of electric vehicles, which require 3D scanning and sensing devices for quality control. Moreover, stringent regulations regarding road safety are promoting the adoption of smart vision sensors across automotive applications.
For instance, according to a study conducted by IIVS Technology Research Centre at Beihang University in China, it was observed that 93% of vehicle parts were found defective during testing with conventional vision systems while only 30% defects were detected using IIVS-based solutions. Thus, IIVS-based technology helps improve manufacturing efficiency by reducing defect detection rate thus lowering costs associated with product development & maintenance as well as enhancing overall productivity on large scale assembly lines used by major automakers globally.
Online visual measurement system for steel pipe straightness.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of major industry players and increased adoption of smart vision sensors in industrial automation. The region is expected to maintain its dominance over the forecast period due to increasing investments by companies for implementing smart vision sensor solutions across various industries. For instance, In January 2018, Honeywell International Inc., a multinational conglomerate, announced about deploying Honeywell Vision™ LMS solution across several of its manufacturing facilities globally including aerospace parts production facility in U.S and medical device production facility in China.
Asia Pacific is anticipated to be one of the fastest-growing regions over the forecast period owing to rapid developments taking place at a technological level with increased penetration of internet connectivity along with high demand from end-use industries such as automotive.
Growth Factors:
- Increasing demand for smart vision sensors in the automotive industry for advanced driver assistance systems (ADAS) and autonomous driving applications
- Growing demand from the industrial sector for machine vision applications
- Rapid growth of the Internet of Things (IoT) and increasing adoption of smart sensors across various industries
- Proliferation of artificial intelligence (AI) and deep learning algorithms, which are enhancing the performance of smart vision sensors
- Emergence of new application areas such as 3D sensing, biometric recognition, and drone navigation that are boosting demand for smart vision sensors
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Vision Sensor Market Research Report
By Type
3D Vision Sensing, Smart Vision Sensor
By Application
Car Body Visual Inspection System, Online Visual Measurement System For Steel Pipe Straightness And Section Size, 3D Shape Visual Measurement, Packaging Production Line
By Companies
Keyence Corporation, Banner, IFM, Di-soric GmbH And Co Kg, Datalogic, Baumer, Sick, OMRON Corporation, PEPPERL And FUCHS, BALLUFF, Measurement Specialties Inc, HoneywellInternational Inc., KellerAmerica Inc, EmersonElectric Co, Rockwell Automation
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Smart Vision Sensor Market Report Segments:
The global Smart Vision Sensor market is segmented on the basis of:
Types
3D Vision Sensing, Smart Vision Sensor
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
Car Body Visual Inspection System, Online Visual Measurement System For Steel Pipe Straightness And Section Size, 3D Shape Visual Measurement, Packaging Production Line
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:
- Keyence Corporation
- Banner
- IFM
- Di-soric GmbH And Co Kg
- Datalogic
- Baumer
- Sick
- OMRON Corporation
- PEPPERL And FUCHS
- BALLUFF
- Measurement Specialties Inc
- HoneywellInternational Inc.
- KellerAmerica Inc
- EmersonElectric Co
- Rockwell Automation
Highlights of The Smart Vision Sensor 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:
- 3D Vision Sensing
- Smart Vision Sensor
- By Application:
- Car Body Visual Inspection System
- Online Visual Measurement System For Steel Pipe Straightness And Section Size
- 3D Shape Visual Measurement
- Packaging Production Line
- 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 Smart Vision Sensor 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.
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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?
A Smart Vision Sensor is a type of camera that can identify objects and people in the environment. These sensors are often used in security cameras, gaming consoles, and other devices.
Some of the major companies in the smart vision sensor market are Keyence Corporation, Banner, IFM, Di-soric GmbH And Co Kg, Datalogic, Baumer, Sick, OMRON Corporation, PEPPERL And FUCHS, BALLUFF, Measurement Specialties Inc, HoneywellInternational Inc., KellerAmerica Inc, EmersonElectric Co, Rockwell Automation.
The smart vision sensor market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Vision Sensor 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 Smart Vision Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Vision Sensor 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 Smart Vision Sensor 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 Smart Vision Sensor Market Size & Forecast, 2020-2028
4.5.1 Smart Vision Sensor Market Size and Y-o-Y Growth
4.5.2 Smart Vision Sensor Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 3D Vision Sensing
5.2.2 Smart Vision Sensor
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Car Body Visual Inspection System
6.2.2 Online Visual Measurement System For Steel Pipe Straightness And Section Size
6.2.3 3D Shape Visual Measurement
6.2.4 Packaging Production Line
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Vision Sensor 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 Smart Vision Sensor 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 3D Vision Sensing
9.6.2 Smart Vision Sensor
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 Market Size Forecast by Applications
9.10.1 Car Body Visual Inspection System
9.10.2 Online Visual Measurement System For Steel Pipe Straightness And Section Size
9.10.3 3D Shape Visual Measurement
9.10.4 Packaging Production Line
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 3D Vision Sensing
10.6.2 Smart Vision Sensor
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 Market Size Forecast by Applications
10.10.1 Car Body Visual Inspection System
10.10.2 Online Visual Measurement System For Steel Pipe Straightness And Section Size
10.10.3 3D Shape Visual Measurement
10.10.4 Packaging Production Line
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 3D Vision Sensing
11.6.2 Smart Vision Sensor
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 Market Size Forecast by Applications
11.10.1 Car Body Visual Inspection System
11.10.2 Online Visual Measurement System For Steel Pipe Straightness And Section Size
11.10.3 3D Shape Visual Measurement
11.10.4 Packaging Production Line
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 3D Vision Sensing
12.6.2 Smart Vision Sensor
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 Market Size Forecast by Applications
12.10.1 Car Body Visual Inspection System
12.10.2 Online Visual Measurement System For Steel Pipe Straightness And Section Size
12.10.3 3D Shape Visual Measurement
12.10.4 Packaging Production Line
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 3D Vision Sensing
13.6.2 Smart Vision Sensor
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) Market Size Forecast by Applications
13.10.1 Car Body Visual Inspection System
13.10.2 Online Visual Measurement System For Steel Pipe Straightness And Section Size
13.10.3 3D Shape Visual Measurement
13.10.4 Packaging Production Line
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 Smart Vision Sensor Market: Competitive Dashboard
14.2 Global Smart Vision Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Keyence Corporation
14.3.2 Banner
14.3.3 IFM
14.3.4 Di-soric GmbH And Co Kg
14.3.5 Datalogic
14.3.6 Baumer
14.3.7 Sick
14.3.8 OMRON Corporation
14.3.9 PEPPERL And FUCHS
14.3.10 BALLUFF
14.3.11 Measurement Specialties Inc
14.3.12 HoneywellInternational Inc.
14.3.13 KellerAmerica Inc
14.3.14 EmersonElectric Co
14.3.15 Rockwell Automation
