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Asia Pacific Vision Sensor Market Forecast to 2030
Asia Pacific Vision Sensor Market Forecast to 2030 – Regional Analysis – by Type (Less than 3D and 3D), Application (Inspection, Gauging, Code Reading, and Others), and Industry Vertical (Automotive, Electronics, Industrial Manufacturing, Food & Beverages, and Others)
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Description
Adoption of AI-Based Vision Sensors Boosts Asia Pacific Vision Sensor Market
Growing adoption associated with significant benefits offered by AI technology to the industries is creating opportunities in the vision sensor market growth. The demand for AI-based vision sensors has surged in recent years. AI-based vision sensors are revolutionizing different applications and industries. This encourages manufacturers to develop AI-based vision sensors that optimize quality control by identifying defects, improving production efficiency, and reducing waste, which is expected to create lucrative opportunities in the vision sensor market. For instance:
In October 2023, PROPHESEE S.A. launched the GenX320 Event-based Metavision sensor for AI applications. This fifth generation Metavision sensor is available in a tiny 3×4 mm die size, specifically developed for integration into ultra-low-power Edge AI vision devices. This vision sensor provides numerous benefits and expertise to the users by delivering low latency, speed, power efficiency, privacy, and dynamic range for diverse applications.
In October 2021, KEYENCE CORPORATION launched the IV2 Series Vision Sensor to solve issues with conventional vision sensors and smart cameras that face troubles while finding individual differences in products, ambient light, and changes in the positions of parts. The IV2 Series was developed by utilizing AI to automatically detect the presence/absence of differences between registered images in acceptable and unacceptable products.
In 2023, two new ISOCELL Vizion sensors were announced by Samsung Electronics, a global pioneer in innovative semiconductor technology: the ISOCELL Vizion 931, a global shutter sensor, and the ISOCELL Vizion 63D, a time-of-flight (ToF) sensor. With a focus on providing visual capabilities for a broad range of next-gen mobile, commercial, and industrial use cases, Samsung’s ISOCELL Vizion series, which was first unveiled in 2020, features ToF and global shutter sensors.
Asia Pacific Vision Sensor Market Overview
The vision sensor market in Asia Pacific is expected to experience high growth during the forecast period due to the rapid industrialization in countries such as China, Japan, India, and South Korea. These countries have a strong manufacturing base in various industries, including automotive, electronics, industrial manufacturing, pharmaceuticals, and consumer goods. Vision sensors are crucial in industrial automation, process optimization, inspection, and quality control. The growing adoption of automation technologies in manufacturing processes is fueling the vision sensor market. There is a high adoption rate of innovative technologies such as AI, 5G, and IoT in China, Japan, South Korea, India, and others. These technologies increase the demand for vision sensors in smartphones, gaming consoles, smart home devices, and wearables. Vision sensors are integrated into the smartphone’s camera to capture high-quality images and videos. According to the GSM Association, in 2022, mobile technologies and services contributed to US$ 80 billion in Asia Pacific’s GDP. The unique mobile subscriber has grown to 2.11 billion in 2023 as compared to 2022. Thus, the increasing adoption of smartphones among consumers is driving the vision sensor market in the region.
Significant government funding and initiatives for expanding the electrical and electronic manufacturing industry are also driving the vision sensor market. Government funding helps businesses increase domestic production and significantly increase exports. In December 2021, the Government of India furthered its vision of Aatmanirbhar Bharat by approving a program for the development of semiconductors and display manufacturing ecosystem. The program focuses on establishing India as a center for major chip manufacturers and high-tech production. The Government of India announced a US$ 30.27 billion plan to increase domestic manufacturing, which is projected to create opportunities for vision sensor market growth.
Asia Pacific Vision Sensor Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Vision Sensor Market Segmentation
The Asia Pacific vision sensor market is categorized into type, application, industry vertical, and country.
Based on type, the Asia Pacific vision sensor market is bifurcated into less than 3D and 3D. The less than 3D segment held a larger market share in 2022.
In terms of application, the Asia Pacific vision sensor market is categorized into inspection, gauging, code reading, and others. The code reading segment held the largest market share in 2022.
By industry vertical, the Asia Pacific vision sensor market is segmented into automotive, electronics, industrial manufacturing, food & beverages, and others. The automotive segment held the largest market share in 2022.
Based on country, the Asia Pacific vision sensor market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific vision sensor market share in 2022.
Cognex Corp, Teledyne Technologies Inc, Keyence Corp, Sick AG, Balluff GmbH, Baumer Holding AG, Pepperl+Fuchs SE, Ifm Electronic GmbH, Hans Turck GmbH & Co.KG, and Leuze Electronic GmbH & Co KG are some of the leading companies operating in the Asia Pacific vision sensor market.
Summary Info
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According to Business Market Insights’ research, the Asia Pacific vision sensor market was valued at US$ 1,176.79 million in 2022 and is expected to reach US$ 3,291.23 million by 2030, registering a CAGR of 13.7% from 2022 to 2030. Growing funding and investment in developing and advancing vision sensors and evolution of industry 4.0 are among the critical factors attributed to drive the Asia Pacific vision sensor market growth.
The collaboration among the market players supports the development of cutting-edge technologies by accelerating innovation in the market. Key players in the vision sensor market are engaged in developing high-resolution sensors, artificial intelligence (AI), machine learning (ML), and image processing algorithm-based vision sensors to ease the manufacturing process and industrial automation activities. Market players increase their funding to develop smart and AI-based vision sensors to attract customers worldwide. For instance, in 2023, VoxelSensors, a firm focused on perception and sensor technologies, completed a seed fundraising round, raising US$ 5.4 million. The company intends to employ people, expand business relationships with clients in Asia and the US, and further develop its corporate roadmap with the help of funds. In March 2023, Chengdu SynSense Technology Co., Ltd. raised US$ 10 million from Ausvic Capital to accelerate the mass production of the ‘Speck’ smart vision sensor. The Speck smart vision sensor mass production supports Chengdu SynSense Technology Co., Ltd. to expand its offering to ultra-low-power AI applications. Additionally, in July 2022, AlpsenTek, founded in 2019, a Chinese vision sensor startup, raised US$ 30 million in funding from Xunxing Investment to expand its R&D activities. AlpsenTek is continuously engaged in the development of machine vision sensors and algorithms. Also, the company has started collaborating with prominent players in the vision sensor industry. Increasing funding helps market players develop efficient, cost-effective, smaller-sized, and customized vision sensors based on their customers’ demands. Therefore, growing funding and investment in developing and advancing vision sensors and a rising number of startups are factors driving the vision sensor market growth.
On the contrary, high costs associated with vision sensors hamper the growth of Asia Pacific vision sensor market.
Based on type, the Asia Pacific vision sensor market is bifurcated into less than 3D and 3D. The less than 3D segment held 77.8% market share in 2022, amassing US$ 915.36 million. It is projected to garner US$ 2,498.70 million by 2030 to register 13.4% CAGR during 2022-2030.
In terms of application, the Asia Pacific vision sensor market is categorized into inspection, gauging, code reading, and others. The code reading segment held 47.9% share of Asia Pacific vision sensor market in 2022, amassing US$ 563.93 million. It is anticipated to garner US$ 1,693.95 million by 2030 to expand at 14.7% CAGR during 2022-2030.
By industry vertical, the Asia Pacific vision sensor market is segmented into automotive, electronics, industrial manufacturing, food & beverages, and others. The automotive segment held 44.8% share of Asia Pacific vision sensor market in 2022, amassing US$ 526.85 million. It is projected to garner US$ 1,593.03 million by 2030 to expand at 14.8% CAGR from 2022 to 2030.
Based on country, the Asia Pacific vision sensor market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 30.3% share of Asia Pacific vision sensor market in 2022. It was assessed at US$ 356.10 million in 2022 and is likely to hit US$ 1,113.09 million by 2030, registering a CAGR of 15.3% during 2022-2030.
Key players operating in the Asia Pacific vision sensor market are Cognex Corp, Teledyne Technologies Inc, Keyence Corp, Sick AG, Balluff GmbH, Baumer Holding AG, Pepperl+Fuchs SE, Ifm Electronic GmbH, Hans Turck GmbH & Co.KG, and Leuze Electronic GmbH & Co KG, among others.
In May 2021, Pepperl+Fuchs Drehgeber GmbH merged with Pepperl+Fuchs SE with effect from May 20, 2021. The location in Neuhausen ob Eck will be continued as an operating site of Pepperl+Fuchs SE. All contractual, delivery, and service relationships existing with Pepperl+Fuchs Drehgeber GmbH at the time of the merger remain unchanged and transferred to Pepperl+Fuchs SE in accordance with the law without your involvement being required.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific vision sensor market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific vision sensor market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Vision Sensor Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Asia Pacific Vision Sensor Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Importance of Component Identification and Inspection Devices in Automotive Industry
5.1.2 Growing Funding and Investment in Developing and Advancing Vision Sensors
5.1.3 High Adoption of Vision Sensors in Consumer Electronics Industry
5.2 Market Restraints
5.2.1 High Costs Associated with Vision Sensors
5.3 Market Opportunities
5.3.1 Adoption of AI-Based Vision Sensors
5.4 Future Trends
5.4.1 Evolution of Industry 4.0
5.5 Impact of Drivers and Restraints:
6. Vision Sensor Market – Asia Pacific Analysis
6.1 Vision Sensor Market Overview
6.2 Vision Sensor Market Revenue (US$ Million), 2020-2030
6.3 Vision Sensor Market Forecast Analysis
7. Asia Pacific Vision Sensor Market Analysis – by Type
7.1 Less than 3D
7.1.1 Overview
7.1.2 Less than 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
7.2 3D
7.2.1 Overview
7.2.2 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Vision Sensor Market Analysis – by Application
8.1 Inspection
8.1.1 Overview
8.1.2 Inspection: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Gauging
8.2.1 Overview
8.2.2 Gauging: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Code Reading
8.3.1 Overview
8.3.2 Code Reading: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Vision Sensor Market Analysis – by Industry Vertical
9.1 Automotive
9.1.1 Overview
9.1.2 Automotive: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.2 Electronics
9.2.1 Overview
9.2.2 Electronics: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.3 Food & Beverage
9.3.1 Overview
9.3.2 Food & Beverage: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.4 Industrial Manufacturing
9.4.1 Overview
9.4.2 Industrial Manufacturing: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Vision Sensor Market – Country Analysis
10.1 Asia Pacific Vision Sensor Market Overview
10.1.1 Asia Pacific: Vision Sensor Market Breakdown, by Key Countries, 2022 and 2030 (%)
10.1.1.1 Asia Pacific: Vision Sensor Market – Revenue and Forecast Analysis – by Country
10.1.1.2 Australia: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 Australia: Vision Sensor Market Breakdown, by Type
10.1.1.2.2 Australia: Vision Sensor Market Breakdown, by Application
10.1.1.2.3 Australia: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.3 China: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 China: Vision Sensor Market Breakdown, by Type
10.1.1.3.2 China: Vision Sensor Market Breakdown, by Application
10.1.1.3.3 China: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.4 Japan: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 Japan: Vision Sensor Market Breakdown, by Type
10.1.1.4.2 Japan: Vision Sensor Market Breakdown, by Application
10.1.1.4.3 Japan: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.5 India: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 India: Vision Sensor Market Breakdown, by Type
10.1.1.5.2 India: Vision Sensor Market Breakdown, by Application
10.1.1.5.3 India: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.6 South Korea: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.6.1 South Korea: Vision Sensor Market Breakdown, by Type
10.1.1.6.2 South Korea: Vision Sensor Market Breakdown, by Application
10.1.1.6.3 South Korea: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.7 Rest of APAC: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.7.1 Rest of APAC: Vision Sensor Market Breakdown, by Type
10.1.1.7.2 Rest of APAC: Vision Sensor Market Breakdown, by Application
10.1.1.7.3 Rest of APAC: Vision Sensor Market Breakdown, by Industry Vertical
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Cognex Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Teledyne Technologies Inc
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Keyence Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Sick AG
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Balluff GmbH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Baumer Holding AG
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Pepperl+Fuchs SE
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 ifm Electronic GmbH
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Hans Turck GmbH & Co. KG
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Leuze Electronic GmbH & Co KG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Research Team
14.2 Word Index
Table 1. Asia Pacific Vision Sensor Market Segmentation
Table 2. List of Vendors
Table 3. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Type
Table 5. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 6. Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million) – by Industry Vertical
Table 7. Asia Pacific: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 8. Australia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 9. Australia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 10. Australia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 11. China: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 12. China: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 13. China: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 14. Japan: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 15. Japan: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 16. Japan: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 17. India: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 18. India: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 19. India: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 20. South Korea: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 21. South Korea: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 22. South Korea: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 23. Rest of APAC: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 24. Rest of APAC: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 25. Rest of APAC: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 26. Heat Map Analysis by Key Players
Table 27. List of Abbreviation
Figure 1. Asia Pacific Vision Sensor Market Segmentation, by Country
Figure 2. Ecosystem: Vision Sensor Market
Figure 3. Vision Sensor Market – Key Market Dynamics
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Vision Sensor Market Revenue (US$ Million), 2020-2030
Figure 6. Vision Sensor Market Share (%) – by Type (2022 and 2030)
Figure 7. Less than 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 8. 3D: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 9. Vision Sensor Market Share (%) – by Application (2022 and 2030)
Figure 10. Inspection: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 11. Gauging: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 12. Code Reading: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 13. Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 14. Vision Sensor Market Share (%) – by Industry Vertical (2022 and 2030)
Figure 15. Automotive: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 16. Electronics: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 17. Food & Beverage: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 18. Industrial Manufacturing: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 19. Others: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
Figure 20. Asia Pacific Vision Sensor Market, by Key Country – Revenue (2022) (US$ Million)
Figure 21. Asia Pacific: Vision Sensor Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 22. Australia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. China: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 24. Japan: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 25. India: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 26. South Korea: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 27. Rest of APAC: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 28. Company Positioning & Concentration
The List of Companies – Asia Pacific Vision Sensor Market
o Cognex Corp
o Teledyne Technologies Inc
o Keyence Corp
o Sick AG
o Balluff GmbH
o Baumer Holding AG
o Pepperl+Fuchs SE
o Ifm Electronic GmbH
o Hans Turck GmbH & Co.KG
o Leuze Electronic GmbH & Co KG
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