Albany, NY -- (SBWIRE) -- 04/08/2019 -- Global Vision Sensors Market: Overview

Vision sensors are the systems which consist display, interface, video camera, and the computer processor to automate industrial processes. These are widely used for pass/fail decisions, measurement, and other observable characteristics regarding the product quality. These are integral parts of manufacturing that help to increase the efficiency. The vision sensors are used to determine the orientation, presence, and accuracy of the parts with the help of image captured by the camera. These are different from other general purpose sensors. For instance, the single vision sensor can do multipoint inspections and when the position of the target is not consistent even after detection is possible.

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Global Vision Sensors Market: Dynamics

The key factors which drive the growth of the global vision sensors market are significantly growing electronics and electrical industry along with rising demand for consumer electronics. High demand for vision sensors for the usage for part detection as well as measurement in the automotive industry are the major key factors which drive the global vision sensors market over the forecast period. Furthermore, rapidly growing advanced automation technology, expanding automotive industry are the factors fueling the growth of the global vision sensors market, owing to the significant usage of vision for automation in the products manufacturing across the globe over the forecast period. Additionally, high product innovation in vision sensors such as working capabilities in harsh conditions as well as 3D vision sensors from key players will drive the global vision sensors market over the forecast period. Retail and consumer goods industry is on significant growth wherein the demand of vision sensors for bar code scanning is increasing rapidly. However, the key factors such as high development, installation cost, and high labor cost in North America region hinder the growth of global vision sensors market over the forecast period.

Global Vision Sensors Market: Segmentation

Global vision sensors market is segmented by application type, end-user industry, and region type.

Based on the application type, global vision sensors market is classified into followings:

Industrial Inspection and Verification
Part Detection
Part Orientation
Others

Based on the product type, global vision sensors market is classified into followings:

Monochrome
Color
Digital Black & White

Based on the end-user industry, global vision sensors market is classified into followings:

Automotive
Food and Beverages
Cosmetics
Electricals and Electronics
Retail and Consumer Goods
Packaging

Global Vision Sensors Market: Segmentation Overview

Among above mentioned end-use industry, automotive as well as food and beverages industry are estimated to see significant growth in the global vision sensors market, on account of growing usage of vision sensors for industrial automation globally. Furthermore, among above-mentioned application type, industrial inspection and verification segment is estimated to witness significant growth rate due to high demand for various inspection and verification purposes such as label inspection and punch hole inspection respectively.

Global Vision Sensors Market: Regional Outlook

Based on geographies, the global vision sensors market is classified into seven regions such as Western Europe, North America, Eastern Europe, Latin America, Asia Pacific excluding Japan, Japan and the Middle East and Africa. Among above-mentioned regions, North America accounts high market share in the global vision sensors market over the forecast period, attributed to rapidly growing innovation and demand for inspection and verification in packaging industry of various consumer goods across the region followed by Western Europe. Asia Pacific excluding Japan is anticipated to showcase a significant growth in the global vision sensors market over the forecast period, owing to significant growing electronics industry along with robust growth in manufacturing industry in emerging countries such as China and India across the region. Japan is predicted to see a significant CAGR in the global vision sensors market over the forecast period, attribute to high usage of vision sensors in the automotive industry for part detection. MEA is anticipated to see the moderate growth rate in the global vision sensors market due to increasing demand of vision sensors in the non-alcoholic beverages industry across the region.

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Global Vision Sensors Market: Key Players

Few key players of the global vision sensors market are Omron Corporation, if electronics GmbH, Banner Engineering Corporation, Baumer Holding AG, Cognex Corporation, International Filter Manufacturing Corp., Turck Inc., Sick AG, Carlo Gavazzi Holding AG, and Wenglor Sensoric GmbH. Key manufacturers are focusing toward innovation in products such as International Filter Manufacturing Corp introduced the 3D vision sensors to enhance the market position across the globe.