Europe Vision Sensor Market Forecast to 2030

At 11.6% CAGR, Europe Vision Sensor Market is Speculated to be worth US$ 1,815.59 million by 2030, says Business Market Insights
According to Business Market Insights’ research, the Europe vision sensor market was valued at US$ 753.63 million in 2022 and is expected to reach US$ 1,815.59 million by 2030, registering a CAGR of 11.6% from 2022 to 2030. Adoption of AI-based vision sensors and high adoption of vision sensors in consumer electronics industry are among the critical factors attributed to drive the Europe vision sensor market growth.
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. On the contrary, high costs associated with vision sensors hampers the growth of Europe vision sensor market.
Based on type, the Europe vision sensor market is bifurcated into less than 3D and 3D. The less than 3D segment held 75.8% market share in 2022, amassing US$ 571.35 million. It is projected to garner US$ 1,339.41 million by 2030 to register 11.2% CAGR during 2022–2030.
In terms of application, the Europe vision sensor market is categorized into inspection, gauging, code reading, and others. The code reading segment held 47.0% share of Europe vision sensor market in 2022, amassing US$ 353.93 million. It is anticipated to garner US$ 915.60 million by 2030 to expand at 12.6% CAGR during 2022–2030.
By industry vertical, the Europe vision sensor market is segmented into automotive, electronics, industrial manufacturing, food & beverages, and others. The automotive segment held 44.4% share of Europe vision sensor market in 2022, amassing US$ 334.43 million. It is projected to garner US$ 884.63 million by 2030 to expand at 12.9% CAGR from 2022 to 2030.
Based on country, the Europe vision sensor market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 26.9% share of Europe vision sensor market in 2022. It was assessed at US$ 203.03 million in 2022 and is likely to hit US$ 531.20 million by 2030, registering a CAGR of 12.8% during 2022–2030.
Key players operating in the Europe 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 October 2023, SICK, a German sensor company, and Endress+Hauser, a Swiss measurement and automation technology specialist, announced their intention to enhance their collaboration. The companies aim to establish a strategic partnership focused on SICK’s process automation business segment, as evidenced by the signing of a joint memorandum of understanding. Through this partnership, the companies seek to leverage their respective capabilities and expertise to offer enhanced customer support in critical areas such as energy and resource efficiency, as well as environmental sustainability and climate protection.
In April 2021, The Baumer inductive distance sensor family IF08 was enlarged with small cubic designs in stainless steel housings, a wide measuring range of up to 3 mm, and exceptional and unrivaled market-leading configuration options via the IO-Link interface. The sensors have two advantages: their compact size of only 24.6 x 8.8 x 7.8 mm allows them to be installed in areas with limited installation space or mounting options.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe vision sensor market.
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 Europe 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 Europe market trends and outlook coupled with the factors driving the Europe 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.

TABLE OF CONTENTS

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. Europe Vision Sensor Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Europe 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
5.3.2 Government Investment in Smart City Projects
5.4 Future Trends
5.4.1 Evolution of Industry 4.0
5.5 Impact of Drivers and Restraints:
6. Vision Sensor Market – Europe 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. Europe 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. Europe 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. Europe 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. Europe Vision Sensor Market – Country Analysis
10.1 Europe Vision Sensor Market Overview
10.1.1 Europe: Vision Sensor Market Breakdown, by Key Countries, 2022 and 2030 (%)
10.1.1.1 Europe: Vision Sensor Market – Revenue and Forecast Analysis – by Country
10.1.1.2 Germany: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 Germany: Vision Sensor Market Breakdown, by Type
10.1.1.2.2 Germany: Vision Sensor Market Breakdown, by Application
10.1.1.2.3 Germany: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.3 France: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 France: Vision Sensor Market Breakdown, by Type
10.1.1.3.2 France: Vision Sensor Market Breakdown, by Application
10.1.1.3.3 France: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.4 Italy: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 Italy: Vision Sensor Market Breakdown, by Type
10.1.1.4.2 Italy: Vision Sensor Market Breakdown, by Application
10.1.1.4.3 Italy: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.5 United Kingdom: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.5.1 United Kingdom: Vision Sensor Market Breakdown, by Type
10.1.1.5.2 United Kingdom: Vision Sensor Market Breakdown, by Application
10.1.1.5.3 United Kingdom: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.6 Russia: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.6.1 Russia: Vision Sensor Market Breakdown, by Type
10.1.1.6.2 Russia: Vision Sensor Market Breakdown, by Application
10.1.1.6.3 Russian: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.7 Rest of Europe: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.7.1 Rest of Europe: Vision Sensor Market Breakdown, by Type
10.1.1.7.2 Rest of Europe: Vision Sensor Market Breakdown, by Application
10.1.1.7.3 Rest of Europe: 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

LIST OF TABLES

Table 1. Europe 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. Europe: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 8. Germany: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 9. Germany: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 10. Germany: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 11. France: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 12. France: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 13. France: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 14. Italy: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 15. Italy: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 16. Italy: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 17. United Kingdom: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 18. United Kingdom: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 19. United Kingdom: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 20. Russia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 21. Russia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 22. Russian: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 23. Rest of Europe: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 24. Rest of Europe: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 25. Rest of Europe: 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

LIST OF FIGURES

Figure 1. Europe 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. Europe Vision Sensor Market, by Key Country – Revenue (2022) (US$ Million)
Figure 21. Europe: Vision Sensor Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 22. Germany: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. France: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 24. Italy: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 25. United Kingdom: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 26. Russia: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 27. Rest of Europe: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 28. Company Positioning & Concentration