South & Central America Machine Vision Lighting Market

The South & Central America machine vision lighting market was valued at US$ 80.62 million in 2022 and is expected to reach US$ 127.47 million by 2030; it is estimated to grow at a CAGR of 5.9% from 2022-2030.

Increase in Adoption of Intelligent Lighting for Machine Vision Systems Fuels South & Central America Machine Vision Lighting Market

In machine vision systems, LED lights have been acknowledged as a technological basis for lighting test objects. However, there is still a need for optimization. Specific customer-specific applications lack individual mechanical and optical designs. A massive number of machine vision end users require lighting with higher intensity, coupled with lower price, as well as easier integration. The vital factors comprise customer-centric adaptation possibilities in lighting geometry, numerous selections for operation, and fast delivery times with wavelengths. The requirements for illumination systems, particularly, high power density for faster production process, which needs shorter exposure times and more luminous intensity, are witnessing a high demand. Manufacturers of machine vision lighting are thus catering to this inclination by manufacturing high-power LEDs. Constant developments in LED-based lights for complex end-user applications are anticipated to provide a prosperous opportunity to the market.

Additionally, another prevailing factor in illumination technology is intelligent lighting. Intelligent or smart lighting aims to exploit the supply of illumination systems exquisitely and thus use them more efficiently and economically. Intelligent lighting can also be used for monitoring illumination systems, and this is consequently a move toward Industry 4.0. As the dynamic application data and the technical properties of illumination are permanently available in the machine vision system, end users can be notified immediately about diminishing lighting levels and other significant changes. The increasing factory automation is resulting in the adoption of smart lighting technology in machine vision systems.

South & Central America Machine Vision Lighting Market Overview

The South American region comprises several emerging economies that are experiencing tremendous growth in their manufacturing sector. The automotive sector of Brazil is witnessing tremendous growth, as the country comprises manufacturing facilities of several automotive players such as Fiat, General Motors, Honda, Volkswagen, Renault, and Peugeot. Further, other manufacturing industries in the country include electronics, aerospace, and food & beverages. As per government sources, Brazil is anticipated to witness a high growth in the country’s automobile production capacity during the coming years.

Moreover, the growing investment in the production of EVs is fueling the growth of the automotive manufacturing industry. The growing demand for EVs equipped with safety features is making EV manufacturers increase their manufacturing capabilities, further aiding the usage of automotive high-voltage cables in vehicles. In 2021, all major vehicle markets in the region reported an increase in EV sales. As per the local electric vehicle association ABVE, EV sales in Brazil reached around 35,000 in 2021, an increase of 77% compared to 2020, and the trend of sales is expected to continue in the coming years. Also, governments of other emerging economies in the region are taking several initiatives to support industrial growth. For instance, Argentina is concentrating on attracting FDIs by taking several initiatives such as easing import restrictions, signing international bilateral agreements, and removing restrictions on foreign investment. Such initiatives are expected to help in the development of businesses in South America. Also, the automotive industry, pharmaceutical industry, consumer electronics industry, and packaging industry in Latin America are the biggest users of machine vision systems.

South & Central America Machine Vision Lighting Market Revenue and Forecast to 2030 (US$

Million)

South & Central America Machine Vision Lighting Strategic Insights

Strategic insights for the South & Central America 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.

South & Central America Machine Vision Lighting Report Scope

South & Central America Machine Vision Lighting Regional Insights

The geographic scope of the South & Central America 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.

South & Central America Machine Vision Lighting Market Segmentation

The South & Central America machine vision lighting market is segmented based on lighting type, spectrum of light, application, and country. Based on lighting type, the South & Central America 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 South & Central America 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 South & Central America 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 South & Central America machine vision lighting market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America machine vision lighting market share in 2022.

Schott AG, Exactera LLC, Spectrum Illumination, Smart Vision Lights, Omron Microscan Systems Inc, wenglor sensoric GmbH, Keyence Corp, and Cognex Corp are some of the leading companies operating in the South & Central America machine vision lighting market.