Europe Machine Vision Lighting Market
No. of Pages: 101 | Report Code: TIPRE00025264 | Category: Electronics and Semiconductor
No. of Pages: 101 | Report Code: TIPRE00025264 | Category: Electronics and Semiconductor
The Europe machine vision lighting market was valued at US$ 400.22 million in 2022 and is expected to reach US$ 697.32 million by 2030; it is estimated to grow at a CAGR of 7.2% from 2022-2030.
Rapid Expansion of Manufacturing Industry Drives Europe Machine Vision Lighting Market
The global manufacturing industry is rapidly expanding as more regions are investing in setting up manufacturing plants in their localities. As manufacturing scales up, there is an increased emphasis on maintaining high-quality standards. Machine vision systems, supported by effective lighting solutions, enable detailed inspection and quality assurance to meet stringent production requirements. In electronics manufacturing, where miniaturized components demand high precision, machine vision systems equipped with advanced lighting can detect circuit board defects and ensure final product quality. Also, machine vision systems contribute to increased efficiency and throughput by providing real-time inspection capabilities. Proper lighting is essential for capturing accurate and detailed images, allowing for rapid decision-making in the manufacturing process. For example, in the food & beverages industry, machine vision systems with optimized lighting are employed to inspect the quality of packaged goods, ensuring efficient throughput while adhering to hygiene and safety standards. Moreover, the expansion in the manufacturing industry is highly driven by global economic growth. Also, the industry is currently in the middle of a technological renaissance, changing modern factories' systems, outlook, and processes. This technological revolution in factories has been encouraging the manufacturing industries to invest further in these emerging technologies to enhance their production cycle and productivity. Thus, the rapid expansion in the manufacturing industry is driving the demand for machine vision lighting globally.
Europe Machine Vision Lighting Market Overview
Major countries considered in Europe include Germany, France, the UK, Spain, and Italy. The European machine vision market is witnessing tremendous growth both in manufacturing and non-industrial application fields. Growth in medical technology and intelligent traffic systems is one of the biggest drivers for this growth. Other sectors—apart from industrial manufacturing—that are propelling the demand include transport and logistics. Most of the machine vision systems manufacturers are based in Europe and export these systems across the globe.
Furthermore, Europe comprises several major manufacturing industries such as aerospace, machinery & equipment, automotive, shipbuilding, and military vehicles. The automotive industry of the EU is considered to be an essential industry as it significantly contributes to the country’s GDP (6.8%) and provides employment to millions of people in the region. According to the ACEA, manufacturing facilities in the EU accounted for 19.2% of the total cars manufactured in the world in 2022. Germany holds a significant share of 30% of the automotive industry in the region. Major car manufacturers such as VW, BMW, Opel, Daimler AG, and Audi have a noticeable presence in the country. On average, Germany produces ~6 million passenger and commercial vehicles every year. The robust automobile industry, especially due to the presence of major premium car manufacturers, is anticipated to drive the machine vision lighting market. The vehicle manufacturing industry produces around 19.6 million cars, vans, buses, and trucks per year. Moreover, around 300 vehicle assembly and manufacturing facilities are located in around 27 countries across the region. Automotive, electronics, and white goods are among the industries driving the European market. The automotive industry requires a warehouse for assembling and storage purposes. These warehouses are equipped with automated robots with machine vision systems that can perform various tasks such as verification, inspection, reading of character blocks on the engine, and so on. Furthermore, the food industry is one of the major industries in this region. Automation here helps reduce the contamination risk, which proves to be beneficial to both the customer and the manufacturer. The robust manufacturing sector of the EU, coupled with extensive R&D investments, is anticipated to bolster the growth of the machine vision lighting market.
Europe Machine Vision Lighting Market Revenue and Forecast to 2030 (US$
Million)
Strategic insights for the Europe Machine Vision Lighting provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Europe Machine Vision Lighting refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.Europe Machine Vision Lighting Strategic Insights
Europe Machine Vision Lighting Report Scope
Report Attribute
Details
Market size in 2022
US$ 400.22 Million
Market Size by 2030
US$ 697.32 Million
Global CAGR (2022 - 2030)
7.2%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Lighting Type
By Spectrum of Light
By Application
Regions and Countries Covered
Europe
Market leaders and key company profiles
Europe Machine Vision Lighting Regional Insights
Europe Machine Vision Lighting Market Segmentation
The Europe machine vision lighting market is segmented based on lighting type, spectrum of light, application, and country. Based on lighting type, the Europe machine vision lighting market is categorized into LEDs, fiber optic lights (halogen), fluorescent lighting, xenon, and others. The LEDs segment held the largest market share in 2022.
In terms of spectrum of light, the Europe machine vision lighting market is categorized into visible spectrum, IR spectrum, and UV spectrum. The visible spectrum segment held the largest market share in 2022.
Based on application, the Europe machine vision lighting market is categorized into automotive, food & beverage, pharmaceuticals, consumer electronics, logistics, and others. The automotive segment held the largest market share in 2022.
By country, the Europe machine vision lighting market is segmented into Germany, France, Italy, the UK, Spain, and the Rest of Europe. Germany dominated the Europe machine vision lighting market share in 2022.
Schott AG, Basler AG, Exactera LLC, Spectrum Illumination, Smart Vision Lights, CCS Inc, Omron Microscan Systems Inc, wenglor sensoric GmbH, Keyence Corp, and Cognex Corp are some of the leading companies operating in the Europe machine vision lighting market.
The Europe Machine Vision Lighting Market is valued at US$ 400.22 Million in 2022, it is projected to reach US$ 697.32 Million by 2030.
As per our report Europe Machine Vision Lighting Market, the market size is valued at US$ 400.22 Million in 2022, projecting it to reach US$ 697.32 Million by 2030. This translates to a CAGR of approximately 7.2% during the forecast period.
The Europe Machine Vision Lighting Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Machine Vision Lighting Market report:
The Europe Machine Vision Lighting Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Machine Vision Lighting Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Machine Vision Lighting Market value chain can benefit from the information contained in a comprehensive market report.