The Vision Sensor Market is expected to grow significantly in the future, according to forecasts. The market, which is projected to start at USD 2.5 billion in 2018 and rise to USD 4.5 billion by 2023, will experience a strong Compound Annual Growth Rate (CAGR) of 12.20%.
The increased need for vision sensors across numerous industries, including industrial, automotive, electronics, and healthcare, is what's fueling this astounding rise. Vision sensors are essential for automation and quality control procedures because they improve accuracy and efficiency. The vision sensor market is positioned to play a significant part in achieving these goals as businesses continue to prioritise automation and higher product quality, underscoring its optimistic outlook in the years to come.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=123423890
Several important causes are driving up the need for vision sensors. First off, the expansion of the electronics and electrical industry, which is characterised by constant innovation and technical developments, is fueling a demand for accurate quality control and automation, where vision sensors play a crucial role. Second, the use of vision sensors is being accelerated by the automobile sector, which is rapidly utilising machine vision technology for projects like quality control and developing autonomous vehicles. The emphasis on cost-effectiveness and time savings in production processes is increasing across all industrial industries, and vision sensors provide a solution by optimising procedures and guaranteeing product uniformity. These interrelated factors highlight the expanding market for vision sensors across a range of industries, making them a key piece of technology for improving productivity and quality in manufacturing and automation.
Cognex (US), Keyence (Japan), Teledyne (US), Sick AG (Germany), and Baumer Holdings (Switzerland) are among the major players in the Vision Sensor Market. Product launches and developments, mergers and acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships are a few key strategies adopted by market players to gain a competitive edge.
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=123423890
Cognex is a well-known supplier of automated machine vision solutions, especially for the industrial industry. Vision software, machine vision systems, vision sensors, and identification (ID) devices are all part of their diverse product line. By efficiently locating, identifying, checking, and measuring them throughout the production and distribution stages, these offerings play a crucial role in automating the manufacturing and monitoring of discrete objects, ranging from mobile phones to vehicle tyres. The simplicity and dependability of Cognex's vision sensors are well known, and they are used for a variety of tasks, including confirming the presence and size of manufactured parts. Manufacturers can improve their operational effectiveness and, ultimately, profitability by utilising Cognex's technologies. Notably, the In-Sight 2000 series of vision sensors from Cognex stand out for their capacity to provide trustworthy inspection performance in a single setup environment, thus establishing the business's position as a pioneer in the machine vision sector.
2017's Vision Sensor Market saw Keyence Corporation take second place. The company provides a wide variety of sensor systems, including inductive, photoelectric, fibre optic, laser, positional, and vision sensors. In order to meet a variety of industrial purposes, Keyence also offers network communication units designed for presence/absence and part distinction applications. In addition, the business specialises in measurement sensors, such as contact displacement/LVDT sensors, spectral interference displacement sensors, laser displacement sensors, profilometers, optical/digital micrometres, and 3D interference measurement sensors. Keyence, in particular, specialises in image and 3D measuring systems, providing all-inclusive solutions for exact measurement needs. With a worldwide presence, Keyence Corporation sets itself apart by sending out a sizable number of sales engineers, allowing them to provide priceless direct on-site support to their clients.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/vision-sensor-market-123423890.html
By thoroughly addressing clients' needs at every stage of their business journeys, from the design and research phases to production and beyond, Keyence Corporation stands apart in the industry. This dedication to customer satisfaction has enabled the business to serve a sizable clientele of over 200,000 clients in close to 70 countries around the world. Keyence recently unveiled the IV-H family of vision sensors, which were created to improve the stability and functionality of visual inspection processes, demonstrating their commitment to innovation. These cutting-edge sensors are a useful asset for companies that need the accuracy and dependability of many sensors in their operations since they are designed to excel in multiple object identification applications. By providing solutions that meet changing market demands, Keyence stays in the forefront of the vision sensor market thanks to its relentless pursuit of technological innovation.
Teledyne Technologies took third place in the 2017 market for vision sensors. With image sensors and digital cameras designed for a broad range of applications, including industrial, scientific, medical, and photogrammetry, the company's Digital Imaging section is a major leader in the sector. Along with providing manufacturing services for microelectromechanical systems (MEMS), Teledyne also provides crucial hardware and software solutions for image processing and autonomous data collecting in industrial and medical contexts. Particularly noteworthy are the company's strengths in infrared camera systems, focal plane arrays, sensors, and subsystems, as well as image processing techniques. The introduction of various ground-breaking products by Teledyne in recent years, including the GV 4000 vision system, which improves processing power, storage capacity, and energy economy, highlights the company's commitment to innovation. Additionally, the business's strategic alliances with titans of the sector, such the MiQro Innovation Collaborative Centre, show its dedication to improving technology through teamwork in research and development, especially in the field of MEMS.
News Covered:
https://www.prnewswire.com/news-releases/vision-sensor-market-worth-4-5-billion-by-2023--exclusive-report-by-marketsandmarkets-300820145.html
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
