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Vision Sensor Market Analysis: Projected Worth of $4.5 Billion by 2023

The Vision Sensor Market Research Report, identifies new revenue opportunity in Vision Sensor industry. The report aims at estimating the market size and future growth of the Vision Sensor based on offering, process, application, vertical, and region.

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Vision Sensor Market Analysis: Projected Worth of $4.5 Billion by 2023

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  1. MarketsandMarkets Presents The Vision Sensor Market is expected to grow from USD 2.5 billion in 2018 to USD 4.5 billion by 2023-growing at a CAGR of 12.2%. Major factors surging the demand for vision sensors include the growth of the electronic and electrical industry, the use of machine vision technology in the automotive industry, and the focus of manufacturing companies on cost and time savings.

  2. MarketsandMarkets Presents Automotive Industry to account for largest size of Vision Sensor Market from 2018 to 2023 The automotive industry is expected to be the key end-user industry for vison sensors owing to the increasing demand for these sensors in inspection, identification, and localization applications. Inspection of various parts and components, identification of faulty components, misalignment of parts and components, and guiding robotic arms to perform complex tasks on the assembly line will be some of the key applications, which will boost the demand for vision sensors from this industry. Increasing adoption of factory automation to reduce manufacturing time and cost spent on inspection will boost the demand for these sensors from North America, APAC, and Europe.

  3. MarketsandMarkets Presents Inspection and code reading applications will boost demand for less than 3D Vision Sensors during forecast period Less than 3D sensors will hold the largest share of the Vision Sensor Market during the forecast period. The use of these sensors in line scan, area scan, and inspection, gauging, code reading, and localization applications across end-user industries such as automotive, electronics & semiconductor, pharmaceuticals, food & packaging will drive the market for these sensors. The demand from these sensors will be high in APAC, Europe, and North America during the forecast period. Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1234 23890

  4. MarketsandMarkets Presents APAC to hold largest share of Vision Sensor Market from 2018 to 2023 Asia Pacific (APAC) is expected to account for the largest share of the overall Vision Sensor Market in 2018 and is likely to exhibit the highest CAGR during the forecast period. Major factors driving the growth of the Vision Sensor Market in APAC include the increased spending on industrial automation to reduce manufacturing costs, minimize time to market, and improve quality standards across different end-user industries such as automotive, electronics, food & beverages, and packaging.

  5. MarketsandMarkets Presents Key Players Cognex (US), Keyence (Japan), Teledyne (US), Sick AG (Germany), and Baumer Holdings (Switzerland) are among a few major players in the Vision Sensor Market. Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/vision-sensor- market-123423890.html

  6. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

  7. MarketsandMarkets Presents Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: https://www.marketsandmarkets.com Content Source: https://www.marketsandmarkets.com/PressReleases/vision-sensor.asp

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