Global vision sensor market is poised to surpass US$ 9.4 billion by 2023. Furthermore, with the development of the electronics and electrical industries, the overall market size is poised to expand at a CAGR of 14.0% through 2033 to reach US$ 35.0 billion.
The market for vision sensors is also expanding as a result of an increase in product demand from businesses and the industrial sector. Additionally, due to the considerable use of vision for automation in the manufacturing of products over the forecast period, rapid growth is being seen in advanced automation technology.
Vision sensors have a high level of product innovation, including capabilities for functioning in challenging environments. The need for vision sensors for barcode scanning is rising quickly in the retail and consumer products industries, which are experiencing significant expansion.
| Attributes | Details |
|---|---|
| Vision Sensor Market Estimated Value (2023) | US$ 9.4 billion |
| Vision Sensor Market Estimated Value (2033) | US$ 35.0 billion |
| Vision Sensor Market Value CAGR (2022-2033) | 14.0% CAGR |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The vision sensor market is poised for remarkable growth from 2023 to 2033, with a substantial leap expected compared to the growth witnessed between 2018 and 2022.
As per the FMI analysis, the vision sensor industry grew at 17.6% CAGR from 2018 to 2022, touching US$ 4.2 billion in 2018 as technology advances and industries increasingly recognize the value of vision sensors.
This growth can be attributed to several factors, including the integration of artificial intelligence (AI) and machine learning capabilities into vision sensors, enabling enhanced object recognition, real-time data analysis, and decision-making at the edge.
The expanding applications of vision sensors across various sectors, such as automotive, manufacturing, healthcare, and security, are driving the market's expansion.
The growing need for automation, quality control, and efficient monitoring systems is further fueling the adoption of vision sensors, propelling the market into a new era of innovation and economic prosperity, thereby facilitating the anticipated market size of US$ 35.0 billion by 2033 with a CAGR of 14.0% during the forecast period.
This increased demand for automobiles directly translates into a higher need for various products and components, including those that incorporate vision sensors.
The growing awareness of the importance of safety features is driving the adoption of vision sensors in the automotive industry.
As vehicles become more autonomous, they require advanced perception systems to navigate and interact with the environment. Vision sensors, with their ability to capture and analyze visual data, are essential for enabling autonomous driving functionalities.
With the automotive industry striving for improved production standards, the demand for vision sensors in manufacturing is on the rise.
These regulations often necessitate the integration of advanced sensing technologies, including vision sensors, to enhance vehicle safety. The need to comply with these requirements is driving the adoption of vision sensors in the automotive industry.
As these sensors become more advanced and cost-effective, their adoption in the automotive industry is expected to grow further.
Principal Consultant
The United States of America is likely to remain supreme in terms of revenue share in the vision sensor industry, with US$ 11.0 billion market size by 2033, advancing at 12.8% growth rate from 2023 to 2033.
The country has experienced a rapid surge in demand for vision sensors, driven by the increasing utilization of smart vision sensors across diverse industries.
Industrial sectors in the United States have shown significant interest in implementing smart vision sensors for localized pass/fail decision-making, networked management, and I/O part rejection.
This adoption has led to simplified and streamlined machine vision applications by reducing system footprints. Moreover, manufacturers and system integrators in the United States are benefiting from the customization capabilities of vision sensors, enabling them to tailor features like object measurement, feature location, and image enhancement.
The market is also expected to witness revenue growth fueled by increasing investments in research and development to advance vision sensing technology.
The vision sensor market in China holds a strong market standing, characterized by significant growth and opportunities, in turn, fostering the country’s significant CAGR of 15.0% from 2023 to 2033, reaching US$ billion by 2033.
China has emerged as one of the largest markets for vision sensors, driven by the country's rapid industrialization, technological advancements, and increasing automation across various sectors.
The demand for vision sensors in China is propelled by sectors such as manufacturing, automotive, electronics, and robotics, where these sensors are essential for quality control, inspection, object recognition, and process optimization.
The Chinese government's focus on promoting high-tech industries and advancements in artificial intelligence (AI) and machine vision technologies further boost the market.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The code reading segment is projected to exhibit rapid growth rate of 13.9% throughout the forecast period.
Vision systems with robust capabilities are employed to identify, decode, and grade 1D and 2D codes, as well as character strings, ensuring comprehensive traceability along the production line.
Vision sensors play a critical role in maintaining product quality and optimizing operational efficiency within industrial settings.
They enable the identification of various properties, such as blot/stain detection, barcodes, size and alignment, without the need for physical contact. This increased demand for vision sensors in code reading applications is expected to significantly drive revenue growth in this particular segment.
As per the FMI study, the automotive sub-segment is anticipated to be at forefront of the market with a CAGR of 13.8% from 2023 to 2033.
Vision sensors may capture and interpret real-time images with panoramic views and depth data, greatly enhancing vehicle safety. They can be used to warn drivers to stop or slow down instantly as well as to help with object and other vehicle recognition.
CMOS vision sensors are the best option for automotive applications since they can operate at temperatures of up to 85 °C and have on-chip dynamic range-extension capabilities. Automakers frequently include vision sensors in high-end vehicles. As a result, the demand for vision sensors among automakers is rising, which is propelling this segment's revenue growth.
Competition in the vision sensor industry is structured around various key players, including established manufacturers, emerging startups, and technology giants.
These companies compete based on factors such as product portfolio, performance, reliability, technological advancements, pricing, and customer support.
Market leaders often have a significant market share and a strong global presence, leveraging their expertise and established customer base. However, the industry also welcomes competition from innovative startups that introduce disruptive technologies and niche solutions.
Partnerships, collaborations, and strategic acquisitions are common strategies employed by companies to strengthen their market position and expand their product offerings.
Market competition is fueled by the constant drive for innovation, improving sensor capabilities, and adapting to evolving customer demands across diverse sectors, including automotive, manufacturing, healthcare, and consumer electronics.
Recent Developments in the Market:
This Al system reliably discovers defects that were previously difficult to capture by imitating human sensibility and approaches of professional inspectors by automating human vision-based visual inspection.
The market is valued at US$ 9.4 billion in 2023.
Sick AG, Baumer, and Keyence Corporation are key market players.
A CAGR of 14% was recorded in the market from 2018 to 2022.
The market shall reach US$ 35 billion in 2033.
The United States will generate 12.8% revenue by 2033.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Unit) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Type, 2023 to 2033
5.3.1. Less than 3D
5.3.2. 3D
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Inspection
6.3.2. Gauging
6.3.3. Code Reading
6.3.4. Localization
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By End User, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By End User, 2023 to 2033
7.3.1. Automotive
7.3.2. Electronics & Semiconductor
7.3.3. Pharmaceuticals
7.3.4. Food & Packaging
7.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Unit) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Unit) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Type
9.2.3. By Application
9.2.4. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Type
9.3.3. By Application
9.3.4. By End User
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Type
10.2.3. By Application
10.2.4. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Type
10.3.3. By Application
10.3.4. By End User
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Type
11.2.3. By Application
11.2.4. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Type
11.3.3. By Application
11.3.4. By End User
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Malaysia
12.2.1.5. Singapore
12.2.1.6. Australia
12.2.1.7. New Zealand
12.2.1.8. Rest of APAC
12.2.2. By Type
12.2.3. By Application
12.2.4. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Type
12.3.3. By Application
12.3.4. By End User
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Unit) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Unit) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Type
13.2.3. By Application
13.2.4. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Type
13.3.3. By Application
13.3.4. By End User
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. USA
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Type
14.1.2.2. By Application
14.1.2.3. By End User
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Type
14.2.2.2. By Application
14.2.2.3. By End User
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Type
14.3.2.2. By Application
14.3.2.3. By End User
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Type
14.4.2.2. By Application
14.4.2.3. By End User
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Type
14.5.2.2. By Application
14.5.2.3. By End User
14.6. UK
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Type
14.6.2.2. By Application
14.6.2.3. By End User
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Type
14.7.2.2. By Application
14.7.2.3. By End User
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Type
14.8.2.2. By Application
14.8.2.3. By End User
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Type
14.9.2.2. By Application
14.9.2.3. By End User
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Type
14.10.2.2. By Application
14.10.2.3. By End User
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Type
14.11.2.2. By Application
14.11.2.3. By End User
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Type
14.12.2.2. By Application
14.12.2.3. By End User
14.13. Malaysia
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Type
14.13.2.2. By Application
14.13.2.3. By End User
14.14. Singapore
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Type
14.14.2.2. By Application
14.14.2.3. By End User
14.15. Australia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Type
14.15.2.2. By Application
14.15.2.3. By End User
14.16. New Zealand
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Type
14.16.2.2. By Application
14.16.2.3. By End User
14.17. GCC Countries
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Type
14.17.2.2. By Application
14.17.2.3. By End User
14.18. South Africa
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Type
14.18.2.2. By Application
14.18.2.3. By End User
14.19. Israel
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Type
14.19.2.2. By Application
14.19.2.3. By End User
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Type
15.3.3. By Application
15.3.4. By End User
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Cognex Corporation
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. Teledyne Technologies Inc
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Keyence Corporation
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Sick AG
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Baumer
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. OMRON Corporation
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Datalogic S.p.A
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. SensoPart Industriesensorik GmbH
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Isra Vision GmbH
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. Qualitas Technologies
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
Industrial Automation
September 2022
REP-GB-181
250 pages
Explore Industrial Automation Insights
View Reports
Vision Sensor Market
