The global smart vision sensors market size is expected to reach USD 31.73 Billion at a revenue CAGR of 18.6% in 2028, according to latest analysis by Emergen Research. Rapid market revenue growth can be attributed to increasing use of smart vision sensors in end-use industries such as electronics semiconductors, pharmaceuticals, and food beverage, among others. Use of smart vision sensors in industrial settings has garnered significant traction over last couple of years. These sensors deliver several benefits over host-based systems and provide innovative functionalities in measurement, inspection, and various other vision-based applications. In industrial-settings, smart vision sensors aid in decision making associated with localized pass/fail, networked management capabilities, and I/O part rejection. This results in smaller system footprints and in turn, simplifies and streamlines machine vision applications. Majority of such sensors enable manufacturers and system integrators in the customization for image enhancement, object measurement, and feature location, among others.

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Some Key Highlights From the Report

• In January 2021, LMI Technologies, which is a firm engaged in 3D scanning inspection, acquired FringeAI, which is a firm engaged Artificial Intelligence and Industrial Internet of Things/5G inspection solutions.
• By product type, 2D smart vision sensors segment accounted for a significantly large revenue share in 2020. 2D vision finds application in aiding in tasks associated with inspection, positioning, reading, and measuring. It is especially beneficial in applications requiring high contrast, or in applications where object color or texture is crucial.
• By technology, MEMS segment revenue is expected to expand a rapid rate over forecast period. MEMS technology enables smart vision sensors to handle and maintain considerable volumes of data, which is collected by the sensor and processed with the help of a microprocessor. Primary benefits of MEMS technology are low power consumption, enhanced reproducibility, better precision, and increased selectivity and sensitivity.

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Emergen Research has segmented the global smart vision sensors 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
  • Localization
  • Others

• Industry Vertical Outlook (Revenue, USD Million; 2018–2028)
  • Electronics Semiconductors
  • Automotive
  • Pharmaceuticals
  • Food Packaging
  • Others

• Regional Outlook (Revenue, USD Million; 2018–2028)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. Italy
    5. Spain
    6. Sweden
    7. BENELUX
    8. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Israel
    5. Rest of MEA