The increasing use of machine vision in traffic management is a significant factor driving the revenue growth of the global smart vision sensor market

SURREY, BRITISH COLUMBIA, CANADA, Jan. 23, 2022 /EINPresswire.com/ — The global smart vision sensor market size is expected to reach USD 31.73 billion with a CAGR of 18.6% in 2028, according to the latest analysis from Emergen Research. The rapid revenue growth of the market can be attributed to the increasing use of smart vision sensors in end-use industries such as electronics and semiconductors, pharmaceuticals, food and beverages, among others. The use of intelligent vision sensors in industrial environments has gained significant momentum over the past two years. These sensors offer several advantages over host-based systems and provide innovative functionality in measurement, inspection, and various other vision-based applications.

In industrial environments, intelligent vision sensors facilitate decision making associated with localized pass/fail, networking capabilities, and I/O part rejection. This results in smaller system footprints and, in turn, simplifies and streamlines machine vision applications. The majority of these sensors allow manufacturers and system integrators to customize image enhancement, object measurement, and feature location, among others.

The increasing use of machine vision is a key factor fueling the market revenue growth. Computer vision is extremely beneficial for the quantitative measurement of a structured scene due to its accuracy, speed, and repeatability. For example, a machine vision camera system on a production line is capable of inspecting many parts/minute and can easily examine object details that are not possible to the human eye.

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Furthermore, the report is in step with the latest changes in the market and the economic landscape with respect to the ongoing COVID-19 pandemic. The crisis has affected the structure of demand and supply, as well as industry trends. It has also led to an economic downturn which has affected the businesses of major manufacturers in the industry. The report estimates the impact of this crisis on the current scenario and future outlook and provides a post-COVID market scenario.

In January 2021, LMI Technologies, which is a company specializing in 3D scanning and inspection, acquired FringeAI, which is a company engaged in artificial intelligence and Industrial Internet of Things/5G solutions. The increasing use of machine vision in traffic management is a major factor driving the revenue growth of the global smart vision sensor market

By product type, the 2D smart vision sensor segment accounted for a significantly large revenue share in 2020. 2D vision finds application in assisting with tasks associated with inspection, positioning, reading and measure. It is particularly advantageous in applications requiring high contrast or in applications where the color or texture of the object is crucial.

Major market players include Datalogic SPA, Aquifi Inc., Omron Corporation, Isra Vision AG, Baumer, Ximea GmbH, Baster AG, Qualitas Technologies, SensoPart Industriesensorik GmbH, and Cognex Corporation.

The Smart Vision Sensors market research report depicts the latest market scenario with updated trends and product and service segmentation. The study provides crucial insights on the Smart Vision Sensors market status, size, share and growth factors

Emergen Research has segmented the global smart vision sensor market on the basis of product type, technology, connectivity, application, industry vertical, and region:

Product Type Outlook (Revenue, USD Million; 2018-2028)

2D smart vision sensor

3D smart vision sensor

Others

Technology Outlook (Revenue, USD Million; 2018-2028)

MEMS

CMOS

Others

Connectivity Outlook (Revenue, USD Million; 2018-2028)

Wired

Wireless

Application Outlook (Revenue, USD Million; 2018-2028)

Inspection

Code reading

Gauging

Location

Others

Industry Vertical Outlook (Revenue, USD Million; 2018-2028)

Electronics and Semiconductors

Automotive

Medications

Food packaging

Others

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Radical Highlights of the Smart Vision Sensors Market Report:

Comprehensive overview of the Smart Vision Sensors market along with an analysis of changing market dynamics

Assessing the growth of various market segments throughout the forecast period

Regional and global analysis of market players including their market share and global position

Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market

Impact of technological developments and R&D advancements on the Smart Vision Sensors market

Information on money-making strategies and development strategies of major companies and manufacturers

Relevant information for new entrants wishing to enter the market

Details and information on business expansion strategies, product launches and other collaborations

The report incorporates advanced analytical tools such as SWOT analysis, Porter’s five forces analysis, feasibility analysis, and investment return analysis.

The report considers the following timeline for market estimation:

Historical years: 2017-2018

Base year: 2019

Estimated year: 2027

Forecast years: 2020-2027

Each section of the report reveals vital insights about the global Smart Vision Sensors market that could be used to ensure strong growth in the coming years. Our unique blend of primary and secondary research techniques helped us in recognizing hidden business opportunities available in the global Smart Vision Sensors market, besides collecting significant insights of market players and obtaining market data precise. It includes several research studies such as Manufacturing Cost Analysis, Absolute Dollar Opportunity, Price Analysis, Company Profiling, Production & Consumption Analysis, and Market Dynamics. Marlet.

Key Points of the Smart Vision Sensors Market:

Extensive Coverage of Smart Vision Sensor Market Analysis

Key information on the regional breakdown of the industry in key geographies

Sweeping insights into vital market trends; current and emerging trends, and factors influencing market growth

Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Smart Vision Sensors market

Comprehensive data on major manufacturers and vendors of Smart Vision Sensors Market

The Smart Vision Sensors Market report provides comprehensive company data coverage, including details of their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, their sales network and distribution channel, their financial situation and their market position. The report also studies the business strategies and strategic alliances undertaken by the companies to gain a firm footing in the market. The report sheds light on mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, as well as corporate and government agreements. The comprehensive competitive landscape analysis provides readers with a deeper understanding of competitors.

Learn more: https://www.emergenresearch.com/industry-report/smart-vision-sensors-market

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