Vision Sensor Market Cops $4.5 Billion By 2023

MarketsandMarkets’ report, “Vision Sensor Market by Sensor Type (Less than 3D, 3D), Application (Inspection, Gauging, Code Reading & Localization), End-User Industry (Automotive, Electronics & Semiconductor, Pharmaceuticals, Food & Packaging), and Geography - Global Forecast to 2023”, indicates that the market is expected to grow from $2.5 billion in 2018 to $4.5 billion by 2023 at a CAGR of 12.2%. Factors driving demand for vision sensors include the use of machine vision technology in the automotive industry and the focus of manufacturing companies on cost and time savings.

 

Notable Findings

Free Newsletter

Like this article? Subscribe to FierceSensors!

The sensors industry is constantly changing as innovation runs the market’s trends. FierceSensors subscribers rely on our suite of newsletters as their must-read source for the latest news, developments and analysis impacting their world. Register today to get sensors news and updates delivered right to your inbox.
  • Automotive industry to account for largest size of vision sensor market from 2018 to 2023.
  • Inspection and code reading applications will boost demand for less than 3D vision sensors during forecast period.
  • APAC to hold largest share of vision sensor market from 2018 to 2023.
  • Major players in the vision sensor market include Cognex (US), Keyence (Japan), Teledyne (US), Sick AG (Germany), and Baumer Holdings (Switzerland).

Thirsty for greater knowledge and illumination? Request a sample of the “Vision Sensor Market” report.

 

MarketsandMarkets Inc.

Northbrook, IL

888-600-6441

[email protected]

https://www.marketsandmarkets.com

Suggested Articles

Plans include combining temperature readings with information related to cough sounds in an app.

Impact of WFH will be short-lived for purchases of PCs and tablets, IDC analyst believes

Critics also bemoan recent FAA decision to allow Boeing to re-certify 737 MAX