Global Vision Sensor Market
Vision Sensor Market Size And Forecast
According to Verified Market Research, Global Vision Sensor Market was valued at USD 2.3 Billion in 2018 and is projected to reach USD 5.7 Billion by 2026, growing at a CAGR of 11.7% from 2019 to 2026.
Global Vision Sensor Market Outlook
Growing electronics and semiconductor industries, coupled with significant demand for electronics from consumers are the key factors booming the growth of the vision sensors market. The high demand for vision sensors for the usage for part detection as well as measurement in the automotive industry is another major key factor expected to propel the market growth. Moreover, high product innovation in vision sensors such as working capabilities in harsh conditions as well as 3D vision sensors from key players and rapidly growing advanced automation technology, expanding the automotive industry are also expected to fuel the market growth. For instance, in October 2018, Baumer (Switzerland) launched its new CMOS-based GigE and USB 3.0 CX series of polarization cameras. On the contrary, the high costs associated with installation and maintenance of vision sensors is the major key factor that might hamper the market growth.
Global Vision Sensor Market Competitive Landscape
The Global Vision Sensor Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Keyence Corporation, Ifm Electronic GmhH, Hans Turck GmhH & Co. Kg, Cognex Corporation, Balluff GmhH., Baumer Holding AG, Leuze Electronic GmhH + Co Kg., Pepperl+Fuchs GmhH, Sick AG, and Teledyne Technologies.
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