With rapid advancements in industries, the vision sensor market size will increase from $2.5 billion in 2019 to $9.2 billion by 2030, at a healthy 12.7% CAGR between 2020 and 2030, says P&S Intelligence. The most-detailed inspections and quality checks in factories are now being done by vision sensors, which separate the images captured by a camera into the red, blue, and green format and then analyze their light intensity to detect the size, presence, shape, and orientation of the object.
This makes these sensors useful for detecting defects where the products come off an assembly line, which cannot be stopped for humans to look at every individual piece. With the rapid financial prosperity around the world, the demand for a lot of things, such as packaged food and automobiles, is rising. As mass production of these products is necessary in order to meet the demand, speed and accuracy at the production plant are key. Moreover, with people becoming aware of the products they buy and the likely defects that could be there, they are increasingly emphasizing on product quality.
In the coming years, the packaging sector is expected to adopt these sensors at a high rate. As the booming population and its increasing income raise the demand for packaged food and other products, packaging companies are enhancing their operations to ensure the utmost quality. Here, vision sensors are used to inspect the positioning of the labels, read codes to ensure they are correctly marked, check whether the seal of a bottle is in its place, and ensure consistency in the packaging shape and size, for instance, the shape of all the soda cans on a conveyor.
Due to these factors, Asia-Pacific (APAC) has generated the highest revenue in the vision sensor market till now, and the same situation is expected throughout this decade. APAC is home to huge automotive, packaging, and food & beverage industries, which create a high requirement for such instruments. Further, electric vehicles (EV) are more complex and require more-precise positioning of parts, which makes vision sensors important. Additionally, amidst the Industry 4.0 revolution, manufacturing facilities here are adopting smart practices, such as AI and automation.
Hence, with the focus of manufacturers on quality and inspection strengthening, the demand for vision sensors will grow further.
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