Business News Live: Machine Vision Lighting Market Size Poised to Touch USD 1961.6 million by 2025

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Market Study Report Has Added A New Report On Machine Vision Lighting Market That Provides A Comprehensive Review Of This Industry With Respect To The Driving Forces Influencing The Market Size. Comprising The Current And Future Trends Defining The Dynamics Of This Industry Vertical, This Report Also Incorporates The Regional Landscape Of Machine Vision Lighting Market In Tandem With Its Competitive Terrain.

In terms of revenue, the global machine vision lighting market is expected to grow to US$ 1961.6 million by 2025 from US$ 1089.4 million in 2017.

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The demand for machine vision lighting is highly propelled with the extensive demand for high production output by different end-user industries and rapid adoption of automation in the production process. However, complicated end-user requirements is acting as a restraining factor to the machine vision lighting market growth.

On the basis of application, automotive and F&B are the leading segments of the global machine vision lighting market. In the automotive industry, machine vision is used for applications such as inspections and robotic guidance. The embedded sensors, the machine vision systems can find objects in the 2-D or 3-D space and accordingly adjust paths for its placement while assembling. Robots with the help of machine vision systems can achieve higher efficiencies and accuracies and eliminate risks and errors associated in critical activities with human labor.

The activities carried out by robots using machine vision systems include auto racking, bin picking and placement of parts for assembly. The other tasks of machine vision systems include inspections where they check for any cosmetic or functional flaws in the design of the automotive part. They also verify the presence or absence of the parts and correctness of their shapes, perform parts recognition, enable dimensional gauging and also do 2D matrix reading. The variety of applications served by machine vision systems have enabled rapid adoptions of such solutions by automobile manufacturers in various parts of the world.

The global machine vision lighting market 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. Currently, the machine vision lighting market is experiencing a high growth in the developing economies of APAC region. This is due to the growing number of manufacturing industries in these economies.

The overall machine vision lighting market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the machine vision lighting market. It also provides the overview and forecast for the global machine vision lighting market based on all the segmentation provided with respect to five major reasons such as North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultant such as valuation experts, research analysts, and key opinion leaders specializing in the machine vision lighting industry.


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TABLE OF CONTENTS:

1. INTRODUCTION 14

1.1 SCOPE OF THE STUDY 14

1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 14

2. KEY TAKEAWAYS 15

3. MACHINE VISION LIGHTING MARKET LANDSCAPE 17

3.1 MARKET OVERVIEW 17

3.2 MARKET SEGMENTATION 18

3.2.1 Global Machine Vision Lighting Market – By Lighting Type 19

3.2.2 Global Machine Vision Lighting Market – By Spectrum of Light 19

3.2.3 Global Machine Vision Lighting Market – By Application 19

3.2.4 Global Machine Vision Lighting Market – By Geography 19

3.3 PEST ANALYSIS 21

3.3.1 North America- PEST ANALYSIS 21

3.3.2 Europe- PEST ANALYSIS 23

3.3.3 APAC- PEST ANALYSIS 25

3.3.4 MEA- PEST ANALYSIS 27

3.3.5 SAM- PEST ANALYSIS 29

4. MACHINE VISION LIGHTING MARKET – KEY INDUSTRY DYNAMICS 31

4.1 KEY MARKET DRIVERS 31

4.1.1 Extensive Demand for High Production Output 31

4.1.2 Rapid Expansion in Manufacturing Industry and Implementation of advanced techniques 31

4.2 KEY MARKET RESTRAINTS 32

4.2.1 Complicated End-User Requirements 32

4.3 KEY MARKET OPPORTUNITIES 32

4.3.1 Developments in LED-based lights and Increase in adoption of Intelligent Lighting for Machine Vision Systems 32

4.4 FUTURE TRENDS 33

4.4.1 Emergence of IIoT and adoption of machine vision systems by SMEs 33

4.4.2 Adoption of Machine Vision in Non-Industrial Sector 33

4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 34

5. MACHINE VISION LIGHTING – GLOBAL MARKET ANALYSIS 35

5.1 GLOBAL MACHINE VISION LIGHTING MARKET OVERVIEW 35

5.2 GLOBAL MACHINE VISION LIGHTING MARKET FORECAST AND ANALYSIS 36

6. MACHINE VISION LIGHTING MARKET REVENUE AND FORECASTS TO 2025 -LIGHTING TYPE 37

6.1 OVERVIEW 37

6.2 LIGHTING TYPE MARKET FORECASTS AND ANALYSIS 37

6.3 LEDS 38

6.3.1 Overview 38

6.3.2 LEDS market forecasts and analysis 38

6.4 FIBER OPTIC LIGHTS (HALOGEN) 39

6.4.1 Overview 39

6.4.2 Fiber Optic Lights (Halogen) market forecasts and analysis 39

6.5 FLORESCENT LIGHTING 40

6.5.1 Overview 40

6.5.2 Florescent Lighting market forecasts and analysis 40

6.6 XENON 41

6.6.1 Overview 41

6.6.2 Xenon market forecasts and analysis 41

6.7 OTHERS 42

6.7.1 Overview 42

6.7.2 Others market forecasts and analysis 42

7. MACHINE VISION LIGHTING MARKET REVENUE AND FORECASTS TO 2025 -SPECTRUM OF LIGHT 43

7.1 OVERVIEW 43

7.2 SPECTRUM OF LIGHT MARKET FORECASTS AND ANALYSIS 43

7.3 VISIBLE SPECTRUM 44

7.3.1 Overview 44

7.3.2 Visible Spectrum market forecasts and analysis 44

7.4 UV SPECTRUM 45

7.4.1 Overview 45

7.4.2 UV Spectrum market forecasts and analysis 45

7.5 IR SPECTRUM 46

7.5.1 Overview 46

7.5.2 IR Spectrum market forecasts and analysis 46

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The post Business News Live: Machine Vision Lighting Market Size Poised to Touch USD 1961.6 million by 2025 appeared first on America News Hour.