Vision Sensor Market Trends

Growth Drivers

Growing Demand for Vision Sensors in Traffic Safety - As per the data provided by the World Health Organization, it was stated that about 1.3 million people die annually in road traffic accidents. Traffic safety is a major issue that needs to be resolved and many technological advancements took place to fill the gap. Owing to their capacity to assess the accuracy, movement, and existence of objects using pictures taken by a camera, vision sensors become crucial for preventing traffic accidents by keeping an eye on the movement of vehicles.
Rising Utilization of Robots in Multiple Industries - It is observed that every year, approximately 380,000 robots are manufactured and launched globally.
Increasing Requirement for 3D Printing Materials - The 3D printing material segment is projected to reach 4 billion dollars by 2026.
Rising Adoption of QR Code Across the Globe - The number of QR code scans was estimated to be about 80 million in 2022 and is forecasted to reach approximately 100 million by 2025.

Challenges

Requirement for Higher Initial Investment
Presence of Alternatives in the Market
Decline in the Supply-Chain due to COVID-19

Vision Sensor Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	12.3%
Base Year Market Size (2024)	USD 3.79 billion
Forecast Year Market Size (2037)	USD 17.12 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of vision sensor is assessed at USD 4.16 billion.

The vision sensor market size was valued at USD 3.79 billion in 2024 and is likely to cross USD 17.12 billion by 2037, registering more than 12.3% CAGR during the forecast period i.e., between 2025-2037. Growing demand for vision sensors in traffic safety will boost the market growth.

Asia Pacific industry is likely to account for largest revenue share of 45% by 2037, impelled by rising disposable income and ongoing development in automation techniques in the region.

The major players in the market include Ifm Electronic GmbH, Cognex Corporation, Basler AG, Balluff Automation India Pvt. Ltd., Datalogic S.p.A., Honeywell International Inc., Omron Corporation, Sick AG, Keyence Corporation, Siemens Aktiengesellschaft

Vision Sensor Market Trends