South & Central America Vision Sensor Market Forecast to 2030

At 9.3% CAGR, South & Central America Vision Sensor Market is Speculated to be Worth US$ 266.22 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the South & Central America vision sensor market was valued at US$ 130.35 million in 2022 and is expected to reach US$ 266.22 million by 2030, registering a CAGR of 9.3% from 2022 to 2030. Evolution of industry 4.0 and high adoption of vision sensors in consumer electronics industry are among the critical factors attributed to drive the South & Central America vision sensor market growth.

The introduction of Industry 4.0 brings several advances in the efficiency and productivity of industrial processes. Various industries use vision sensors for generating real-time visual information used in quality control processes. Industries use this information to enhance productivity, automation, and quality control in their processes, which further leads to a reduction in downtime. Vision sensors are used to detect defects or inconsistencies in product lines and enable businesses to produce high-quality products. Vision sensors are crucial for smart factories and Industry 4.0 for enabling advanced automation, smart manufacturing, and data-driven decision-making activities. They are essential for automating assembly lines, quality control, mitigating risks, and supporting businesses to produce high-quality products by minimizing errors. Thus, vision sensors help improve the overall effectiveness of equipment and minimize downtime by ensuring efficient operations and automation within modern industrial facilities.

On the contrary, high costs associated with vision sensors hamper the growth of South & Central America vision sensor market.

Based on type, the South & Central America vision sensor market is bifurcated into less than 3D and 3D. The less than 3D segment held 80.8% market share in 2022, amassing US$ 105.36 million. It is projected to garner US$ 210.93 million by 2030 to register 9.1% CAGR during 2022-2030.

In terms of application, the South & Central America vision sensor market is categorized into inspection, gauging, code reading, and others. The code reading segment held 49.9% share of South & Central America vision sensor market in 2022, amassing US$ 65.03 million. It is anticipated to garner US$ 142.66 million by 2030 to expand at 10.3% CAGR during 2022-2030.

By industry vertical, the South & Central America vision sensor market is segmented into automotive, electronics, industrial manufacturing, food & beverages, and others. The automotive segment held 47.4% share of South & Central America vision sensor market in 2022, amassing US$ 61.75 million. It is projected to garner US$ 134.60 million by 2030 to expand at 10.2% CAGR from 2022 to 2030.

Based on country, the South & Central America vision sensor market is segmented into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 69.0% share of South & Central America vision sensor market in 2022. It was assessed at US$ 89.92 million in 2022 and is likely to hit US$ 189.69 million by 2030, registering a CAGR of 9.8% during 2022-2030.

Key players operating in the South & Central America 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, Teledyne Technologies Incorporated (NYSE: TDY) announced the successful completion of the acquisition of FLIR Systems, Inc. At each of the respective company’s special meetings of stockholders held on May 13, 2021, the stockholders approved and adopted merger proposals related to the Agreement and Plan of Merger dated January 4, 2021.

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 South & Central America 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 South & Central America 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 South & Central America market trends and outlook coupled with the factors driving the South & Central America 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. South & Central America Vision Sensor Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. South & Central America Vision Sensor Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Funding and Investment in Developing and Advancing Vision Sensors
5.1.2 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 – South & Central America 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. South & Central America 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. South & Central America 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. South & Central America 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. South & Central America Vision Sensor Market – Country Analysis
10.1 South & Central America Vision Sensor Market Overview
10.1.1 South & Central America: Vision Sensor Market Breakdown, by Key Countries, 2022 and 2030 (%)
10.1.1.1 South & Central America: Vision Sensor Market – Revenue and Forecast Analysis – by Country
10.1.1.2 Brazil: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.2.1 Brazil: Vision Sensor Market Breakdown, by Type
10.1.1.2.2 Brazil: Vision Sensor Market Breakdown, by Application
10.1.1.2.3 Brazil: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.3 Argentina: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.3.1 Argentina: Vision Sensor Market Breakdown, by Type
10.1.1.3.2 Argentina: Vision Sensor Market Breakdown, by Application
10.1.1.3.3 Argentina: Vision Sensor Market Breakdown, by Industry Vertical
10.1.1.4 Rest of South & Central America: Vision Sensor Market – Revenue and Forecast to 2030 (US$ Million)
10.1.1.4.1 Rest of South & Central America: Vision Sensor Market Breakdown, by Type
10.1.1.4.2 Rest of South & Central America: Vision Sensor Market Breakdown, by Application
10.1.1.4.3 Rest of South & Central America: 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. South & Central America 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. South & Central America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 8. Brazil: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 9. Brazil: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 10. Brazil: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 11. Argentina: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 12. Argentina: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 13. Argentina: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 14. Rest of South & Central America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Type
Table 15. Rest of South & Central America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Application
Table 16. Rest of South & Central America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million) – by Industry Vertical
Table 17. Heat Map Analysis by Key Players
Table 18. List of Abbreviation

LIST OF FIGURES

Figure 1. South & Central America 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. South & Central America Vision Sensor Market, by Key Country – Revenue (2022) (US$ Million)
Figure 21. South & Central America: Vision Sensor Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 22. Brazil: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 23. Argentina: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 24. Rest of South & Central America: Vision Sensor Market – Revenue and Forecast to 2030(US$ Million)
Figure 25. Company Positioning & Concentration