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Vision Sensor Market to Demonstrate a CAGR of 12.7% during 2020–2030

The vision sensor market generated revenue worth $2.5 billion in 2019 and is expected to reach $9.2 billion by 2030, while displaying a CAGR of 12.7% during the forecast period. The growth will be driven by the surging demand for vision sensors from the automobile industry, advent of Industry 4.0, and increasing adoption of smart vision sensors.

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With the advent of Industry 4.0, the demand for industrial automation solutions is expected to increase in future. This will eventually propel the vision sensor market growth during the forecast period. The vision sensors play an imperative role in the making of intelligent and automatic products. For example, vision sensors are employed in the inspection of manufactured products in the food & beverage, electronics, and automobile industries. 


Therefore, the surging demand for industrial automation will create several opportunities for market players in the forecast years. Moreover, the automotive industry is generating high demand for vision sensors for localization, identification, and inspection processes, thereby, propelling the vision sensor market growth. With the expansion of the automobile sector in countries, such as Thailand and Indonesia, the demand for vision sensors is projected to increase substantially during the forecast period.

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This market research report provides a comprehensive overview of the vision sensor market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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