In the most recent analysis presented by Report Ocean entitled “Europe Machine Vision (2D and 3D) System Market Analysis and Forecast of Key Trends from 2023 to 2031,” the industry is currently undergoing substantial expansion, showcasing considerable potential for both investors and stakeholders. This comprehensive report delves deeply into the market, encompassing a wide array of factors that intricately influence the trajectory of its growth.
The Europe machine vision (2D and 3D) system market held a market value of USD 4,789.7 Million in 2021 and is estimated to reach USD 11,591.1 Million by the year 2030. The market is anticipated to register a CAGR of 10.6% during the forecast period.
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Immerse yourself in this all-encompassing report that delivers an exclusive and profound exploration of this specialized sector. Packed with elaborate tables, enlightening figures, and insightful charts, you’ll gain access to pivotal statistics, prevailing trends, and invaluable insights into the competitive landscape. This resource serves as an indispensable toolkit for industry executives, marketing and sales professionals, product managers, consultants, analysts, and stakeholders, offering easily accessible documents rich in lucidly presented tables and graphs. The research not only encapsulates historical data spanning 2017 to 2020 but also projects trends up until 2030.
On June 8th, 2022, the Bureau of Economic Analysis and U.S. Census Bureau released a report detailing the recovery of the U.S. market and international trade. The report highlighted the significant growth in exports and imports, with exports reaching $300 billion in April 2022, an increase of $13.4 billion, and imports amounting to $294.5 billion, increasing by $17.4 billion. Despite the impact of COVID-19 on the global economy, the U.S. market is showing signs of recovery.
Global industries were impacted by the Russia-Ukraine War, which started in February 2022. There have been widespread announcements of strict travel restrictions over Ukrainian airspace. The market in 2022 has been damaged by the Russia-Ukraine War.
The conflict between Russia and Ukraine raises defense spending and fortifies NATO nations’ armed forces. Due to Russia’s invasion, the majority of European nations have raised their defense budget. Germany earmarked USD 109 billion, which is more than the whole cost of the military in 2021, increasing its defense spending above 2% of GDP.
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Segments Overview:
The Europe machine vision (2D and 3D) system market is segmented into type, components, platform, function module, camera vision and lenses, and industry.
By Type
o 1D Vision Systems
o 2D Vision Systems
? Area Scan
? Line Scan
o 3D Vision Systems
The 2D vision systems held the largest market share of more than 50% in 2021. On the other hand, the 3D vision systems is projected to gain highest growth rate of 11.5% during the forecast period.
By Components
o Hardware
? Lighting System
? Optical system (Camera & lenses)
? Sensors
? Infrared Detectors
? Industrial X-Rays
? Others
o Software
? On-premises
? Cloud
o Services
? Maintenance & Support
? Consulting & Training
Based on hardware, the optical system segment held the largest market share amongst all hardware components during forecast period. The services segment is projected to cross the mark of USD 1,000 Million revenue by 2028.
By Platform
o PC Based
o Camera Based Vision System
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The camera based vision system segment is projected to grow highest with a CAGR of 12.4% over the anticipated period.
By Function Module
o Positioning/ Guidance/ Location
o Identification
o Inspection and Verification
o Gauging/ Measurement
o Soldering and Welding
o Material Handling
o Assembling and Disassembling
o Painting and Dispensing
o Others
The inspection and verification is estimated to hold an opportunity of more than USD 1800 Million during 2022-2030. The gauging/measurement segment held the largest market share of more than 25% in 2021.
By Camera Vision and Lenses
o Lens
? Telecentric Lenses
? Macro and Fixed Focal Lenses
? 360-degree view lenses
? Infrared & UV lenses
? Short Wave Infrared Lenses
? Medium Wave Infrared Lenses
? Long Wave Infrared Lenses
? Ultraviolet Lenses
o Camera Vision
? Area Scan Camera
? Line Scan Cameras
? Others
Based on lens, the 360-degree view lenses was the highest shareholding type of lens in 2021. On the other hand, the camera vision segment is projected to hold the highest growth rate of 10.8%.
By Industry
o Industrial Applications
? Automotive
? Electronics Manufacturing
? Food & Beverage Manufacturing
? Packaging
? Semiconductors
? Pharmaceuticals
? Warehouse & Logistics
? Wood & Paper
? Textiles
? Glass
? Rubber & Plastic
o Non-Industrial Applications
? Printing
? Sports & Entertainment
? Intelligent Transportation
? Medical Imaging
? Retail
? Others
Who is the largest manufacturers of Europe Machine Vision (2D and 3D) System Market worldwide?
Key players operating in the Europe machine vision (2D and 3D) system market include Adept Technology, Inc. (Omron), Adlink Technology Inc, Flir Systems, Inc., Intel Corporation, Keyence Corporation, National Instrument Corporation, Omron Corporation, Sick AG, Texas Instruments, Applied vision corp., Basler AG, Baumer Ltd., Canon, Inc., Cognex Corporation, among others.
The research provides in-depth details about important industry players, supply chain trends, financials, significant events, and technical advancements. It discusses upcoming tactics, purchases, and mergers in the bulletproof jacket sector. In order to provide a thorough, global perspective on the market, the study has been divided into segments based on type, distribution channel, and geography. It also examines historical and projected growth trends.
Report Includes:
Introduction: This section gives background information on the research issue and explains the need for and rationale for the study’s conduct.
Literature Review: In this section, we give a summary of earlier research on the topic, including pertinent theories, models, and findings from more recent studies.
Methodology: The research design, data collection techniques, and sample size are all fully described in this section. Semi-structured interviews and surveys were employed in this study’s qualitative research design.
Results: The analysis’s findings are given in this part along with tables, graphs, and other visual aids that effectively and succinctly communicate the information.
Discussion: This section’s goal is to offer an explanation of the findings and make comparisons between them and findings from related earlier studies and hypotheses.
Conclusion: The main findings of the study are outlined in this part, along with recommendations for future research and ideas for additional study.
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Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key Reasons to Purchase this Report:
Strategic Direction: This research report provides insightful analysis and strategic advice for senior executives, decision-makers, professionals, sales managers, and other market stakeholders working in this space. It aids in decision-making and offers strategic recommendations for product advancements.
Comprehensive Analysis: Both economic and non-economic aspects are taken into account in the report’s thorough qualitative and quantitative analysis of the market. For a complete knowledge of market dynamics, it contains a segment breakdown with market evaluations expressed in terms of value (USD Billion) for each segment.
Growth Opportunities: The research highlights the geographies and market categories predicted to expand at the highest rates, potentially positioning them to dominate their respective markets. It offers a thorough examination of consumption trends in various geographic areas and highlights the variables affecting regional market trends.
Competitive Landscape: The competitive landscape section lists the top market rivals and discusses current business expansions, collaborations, product launches, and acquisitions. This data makes it easier to evaluate significant players’ market positions.
Detailed Company Profiles: These include their company description, insights, product benchmarking, and SWOT analysis, providing a thorough picture of the major market participants. Stakeholders are able to assess the advantages and disadvantages of the leading market players due to these profiles.
Future Market Outlook: The study presents recent trends, growth prospects, drivers, challenges, and restraints in both emerging and developed regions. It also includes current and future market outlooks. It gives stakeholders knowledge of potential industry trends and aids in their prediction of upcoming market dynamics.
Industry Analysis: Using Porter’s Five Forces Analysis, the research provides a comprehensive analysis of the industry, looking at factors such as the bargaining power of customers and suppliers, rivalry among businesses, the threat of alternative products, and the threat of new entrants. This research helps to comprehend how fiercely the market is competitive.
Value Chain Insights: Through a thorough examination of the value chain, the research offers insightful information about the market. This aids stakeholders in comprehending the main processes and actors involved in the creation and supply of the good or service.
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