The Asia Pacific Vision Sensor Market would witness market growth of 12.6% CAGR during the forecast period (2018 – 2024).
Vision sensors are self-contained devices that incorporate a single compact unit of vision lighting, lens and camera, which makes implementation easier. Vision sensors with a range of lenses and options for lighting are available to fit various applications with a single device. The APAC region has shown significant growth in recent years in the auto, pharmaceutical, food and packaging industries. The enormous population shift has fuelled these and the increase in disposable incomes has led to higher demand for products in the APAC area. Manufacturers are looking to adopt production automation techniques to reduce costs, save time and improve the quality of the product. During the forecast period, these factors will continue to increase the demand for vision sensors in these industries in the APAC region.
Based on Sensor Type, the market is segmented into Less Than 3D Vision Sensors, 3D Vision Sensors, and Others. Based on Application, the market is segmented into Inspection, Gauging, Code Reading, and Others. Based on End User, the market is segmented into Automotive, Electronics & Semiconductor, Consumer Electronics, Pharmaceuticals, Food & Packaging, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation, Basler AG, Sick AG, Datalogic, Balluff, Teledyne Technologies Inc., IFM Electronic GmbH, Keyence Corporation, Baumer Holding AG, and Cognex Corporation.