Market Trends of Vision Sensor Industry
This section covers the major market trends shaping the Vision Sensor Market according to our research experts:
Automotive Expected to Hold Significant Growth
- The automotive industry is expected to have significant demand for vision sensors owing to the increasing demand for these sensors in identification, inspection, and localization applications. Examination of various parts and components, identification of faulty components, misalignment of parts and components, and guiding robotic arms to perform complex tasks on the assembly line will be some of the critical applications that will boost the demand for vision sensors from this industry.
- Industrial digitalization is considered as one of the essential criteria for optimizing the manufacturing processes of robots, industrial machines, and processing set-ups.
- DENSO Corporation, a global automotive components manufacturer, headquartered in the city of Kariya, Japan, has developed a small stereo vision sensor which improves the safety of compact vehicles. The sensor is the world’s smallest automotive stereo vision sensor and is used in Smart Assist III, a crash avoidance system designed for the new Daihatsu Tanto.
- Robust yet easy-to-use self-contained vision sensors perform automated inspections that previously required costly and complex vision systems. The most popular vision sensors will be in smart cameras, which are often used in vehicle recognition technologies. However, vision sensors are also used across various industrial sectors to monitor processes and ensure product quality.
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Asia-Pacific Expected to Witness Significant Growth
- Asia-Pacific region is expected to hold significant growth for vision sensors. Major factors driving the growth of the vision sensors in Asia-Pacific region include the increase in spending on industry automation to reduce manufacturing costs, minimize time to market, and improve quality standards across different end-user industries such as automotive, electronics, food & beverages, and packaging.
- The pharmaceuticals, automotive, food & packaging industries in the region are having significant growth in the past few years. These have been fueled by the huge population shift and an increase of disposable income, which has prompted a higher demand for products in the region.
- Manufacturers are looking to adopt automation techniques in manufacturing to reduce costs, save time, and improve product quality. These factors will continue to push the demand for vision sensors in these industries in the APAC region during the forecast period.
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