Global machine vision lighting market is expected to grow from US$ 1089.4 Mn in 2017 to US$ 1961.6 Mn by 2025 at a CAGR of 7.7% between 2018 and 2025.
Pune, India -- (SBWIRE) -- 03/21/2019 -- Operations in the automobiles industry is increasingly growing complex and thus brings potentials for errors. Manufacturers have very small margin for errors in the current highly competitive scenario and thus need very accurate systems to support their operations. Achieving high quality during production with minimal errors and satiate ever increasing demands of the customers, manufacturers and suppliers are in immense need of a highly effective approach to prevent the defects that can occur at various stages of production. Machine Vision Systems enable to fulfill those demands for the manufacturers effectively and in an efficient manner.
High adoption of Machine Vision Systems by Automotive Industry is anticipated to escalate the Machine Vision Lighting Market at a CAGR of 7.7%
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The global machine vision lighting market for the application is broken down into automotive, consumer electronics, food & beverage, pharmaceuticals, and logistics, and others. All stages and steps in the production of an automotive vehicle is effectively and efficiently inspected by machine vision system. The intricate steps that require extreme superiority of skills while inspecting include suspension and dashboard gauging, tires and interior fittings. These activities are simplified by the use of proper lighting in the machine vision systems. Also, automotive vision systems allow color checks, dimension checks and the presence and absence of foreign bodies or mal- formed parts. Because of the greater advantage and functionality provided by these systems, the sector has witness widespread implementations of machine vision solutions.
Further, machine vision lighting market is expected to experience significant growth in the coming years due to the increasing demand in industries such as automation, robotics and non- manufacturing which include intelligent transport system, logistics and medical, exhibiting substantial market growth. Automotive, electronics and processing industries are the largest end- users of these systems however, the growth of machine vision systems in non- industrial niche applications such as logistics, intelligent traffic systems, IP video surveillance, and others is also rising owing to ongoing improvements in the technology resulting in decreasing the costs of these systems.
The market for the machine vision lighting is moderately consolidated with few major players sharing the larger pie of the market. Also, major and smaller players are trying to come up with innovative solutions and strategic partnerships as well as different business models to attract a large base of customers. The major companies operating in the market include Advanced Illumination Inc., EFFILUX, Moritex Corporation, National Instruments Corporation, Omron Microscan System, Inc., Cognex Corporation, ProPhotonix Limited, Smart Vision Lights, Spectrum Illumination, and TPL Vision among others.
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The report segments the Global machine Vision Lighting Market as follows:
Global Machine Vision Lighting Market - By Lighting Type
Fiber Optic Lights (Halogen)
Others (Incandescent lights, Laser, etc.)
Global Machine Vision Lighting Market - By Spectrum of Light
Global Machine Vision Lighting Market - By Application
Food & Beverage