Europe Vision Sensor Market

Historic Data: 2020-2021   |   Base Year: 2022   |   Forecast Period: 2023-2030


No. of Pages: 95    |    Report Code: BMIRE00030862    |    Category: Electronics and Semiconductor

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Europe Vision Sensor Market

The Europe vision sensor market was valued at US$ 753.63 million in 2022 and is expected to reach US$ 1,815.59 million by 2030; it is estimated to register a CAGR of 11.6% from 2022 to 2030.

Growing Funding and Investment in Developing and Advancing Vision Sensors Drive Europe Vision Sensor Market



The collaboration among the market players supports the development of cutting-edge technologies by accelerating innovation in the market. Key players in the vision sensor market are engaged in developing high-resolution sensors, artificial intelligence (AI), machine learning (ML), and image processing algorithm-based vision sensors to ease the manufacturing process and industrial automation activities. Market players increase their funding to develop smart and AI-based vision sensors to attract customers worldwide. For instance, in 2023, VoxelSensors, a firm focused on perception and sensor technologies, completed a seed fundraising round, raising US$ 5.4 million. The company intends to employ people, expand business relationships with clients in Asia and the US, and further develop its corporate roadmap with the help of funds. In 2023, SynSense, the top global provider of application solutions and ultra-low-power sensory processing hardware for commercial applications, closed a pre-B+ fundraising round that raised US$ 10 million. With a 320,000-neuron processor and the newest event-based image sensing technology, its smart vision sensor provides real-time vision processing at milliwatt power consumption. Also, in 2022, Prosperity7 Ventures (the diversified growth fund of Aramco Ventures) made a new investment in Prophesee, marking the completion of the company's Series C funding round. With support from initial Series C investors Sinovation Ventures and Xiaomi, the investment now totals ~US$ 54 million (50 million). Together with Intel Capital, Robert Bosch Venture Capital, 360 Capital, iBionext, and the European Investment Bank, they have become the newest members of an already strong group of foreign investors from North America, Europe, and Japan. Therefore, growing funding and investment in developing and advancing vision sensors and a rising number of startups are factors driving the vision sensor market growth.

Europe Vision Sensor Market Overview



Europe holds a noteworthy share of the global vision sensor market owing to high adoption and investments in vision sensors in the region. The rising use of smart vision sensors in several industries is driving the market in the region. For instance, in July 2023, Data sensing, an Italian manufacturer, extended its Smart-VS (vision sensor) series to improve detection performance. The company introduced The Smart-VS+ to support numerous industries, including automotive, industrial manufacturing, food & beverages, pharma, packaging, cosmetics, and general manufacturing. Smart-VS+ provides benefits such as increasing the total number of learning dataset images up to 20 and improving accuracy and speed for object detection. Smart vision sensors are also used to check the presence/absence and correct orientations of various objects, including labels or prints and caps, regardless of materials, sizes or formats, and colors.

Europe Vision Sensor Market Revenue and Forecast to 2030 (US$ Million)

Europe Vision Sensor Market Revenue and Forecast to 2030 (US$ Million)
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Europe Vision Sensor Strategic Insights

Strategic insights for the Europe Vision Sensor 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.

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Europe Vision Sensor Report Scope

Report Attribute Details
Market size in 2022 US$ 753.63 Million
Market Size by 2030 US$ 1,815.59 Million
Global CAGR (2022 - 2030) 11.6%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Type
  • Less than 3D and 3D
By Application
  • Inspection
  • Gauging
  • Code Reading
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • Cognex Corp
  • Teledyne Technologies Inc
  • Keyence Corp
  • Sick AG
  • Balluff GmbH
  • Baumer Holding AG
  • Pepperl+Fuchs SE
  • Ifm Electronic GmbH
  • Hans Turck GmbH & Co.KG
  • Leuze Electronic GmbH & Co KG
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    Europe Vision Sensor Regional Insights

    The geographic scope of the Europe Vision Sensor 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.

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    Europe Vision Sensor Market Segmentation 



    The Europe vision sensor market is categorized into type, application, industry vertical, and country.

    Based on type, the Europe vision sensor market is bifurcated into less than 3D and 3D. The less than 3D segment held a larger market share in 2022.

    In terms of application, the Europe vision sensor market is categorized into inspection, gauging, code reading, and others. The code reading segment held the largest market share in 2022.

    By industry vertical, the Europe vision sensor market is segmented into automotive, electronics, industrial manufacturing, food & beverages, and others. The automotive segment held the largest market share in 2022.

    Based on country, the Europe vision sensor market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe vision sensor market share in 2022.

    Cognex Corp, Teledyne Technologies Inc, Keyence Corp, Sick AG, Balluff GmbH, Baumer Holding AG, Pepperl+Fuchs SE, Ifm Electronic GmbH, Hans Turck GmbH & Co.KG, and Leuze Electronic GmbH & Co KG are some of the leading companies operating in the Europe vision sensor market.

    The List of Companies - Europe Vision Sensor Market

    1. Cognex Corp
    2. Teledyne Technologies Inc
    3. Keyence Corp
    4. Sick AG
    5. Balluff GmbH
    6. Baumer Holding AG
    7. Pepperl+Fuchs SE
    8. Ifm Electronic GmbH
    9. Hans Turck GmbH & Co.KG
    10. Leuze Electronic GmbH & Co KG
    Frequently Asked Questions
    How big is the Europe Vision Sensor Market?

    The Europe Vision Sensor Market is valued at US$ 753.63 Million in 2022, it is projected to reach US$ 1,815.59 Million by 2030.

    What is the CAGR for Europe Vision Sensor Market by (2022 - 2030)?

    As per our report Europe Vision Sensor Market, the market size is valued at US$ 753.63 Million in 2022, projecting it to reach US$ 1,815.59 Million by 2030. This translates to a CAGR of approximately 11.6% during the forecast period.

    What segments are covered in this report?

    The Europe Vision Sensor Market report typically cover these key segments-

  • Type (Less than 3D and 3D)
  • Application (Inspection, Gauging, Code Reading)
  • What is the historic period, base year, and forecast period taken for Europe Vision Sensor Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Vision Sensor Market report:

  • Historic Period : 2020-2021
  • Base Year : 2022
  • Forecast Period : 2023-2030
  • Who are the major players in Europe Vision Sensor Market?

    The Europe Vision Sensor Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Cognex Corp
  • Teledyne Technologies Inc
  • Keyence Corp
  • Sick AG
  • Balluff GmbH
  • Baumer Holding AG
  • Pepperl+Fuchs SE
  • Ifm Electronic GmbH
  • Hans Turck GmbH & Co.KG
  • Leuze Electronic GmbH & Co KG
  • Who should buy this report?

    The Europe Vision Sensor Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Europe Vision Sensor Market value chain can benefit from the information contained in a comprehensive market report.