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Machine Vision Lighting Market is expected to reach US$ 2.88 billion by 2030

Machine vision lighting market is estimated to cross US$ 2.88 billion by 2030| This report covers latest trends, and growth insights

By The Insight Partners

Rapid Expansion of Manufacturing Industry Boosts Machine Vision Lighting Market Growth

According to our latest study on “Machine Vision Lighting Market Forecast to 2030 – Market Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage – by Lighting Type, Spectrum of Light, and Application,” the machine vision lighting market size was valued at US$ 1.59 billion in 2022 and is expected to reach US$ 2.88 billion by 2030; it is estimated to record a CAGR of 7.7% from 2022 to 2030.

The global manufacturing industry is rapidly expanding as more regions are investing in adopting manufacturing plants in their localities. For instance, in December 2023, the Indian government announced that more private investments would flow into India's manufacturing sector. As manufacturing is scaling 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.

Machine Vision Lighting Market – by Region, 2022 and 2030

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Source: The Insight Partners Analysis

Moreover, the expansion in the manufacturing industry is further highly driven by global economic growth. Also, the industry is currently in the middle of a technological renaissance, changing modern factories' systems, outlooks, 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 expected to drive the demand for machine vision lighting globally.

Operations in the automobile industry are increasingly growing complex and thus bring the potential for errors. In the automotive industry, machine vision is used for applications such as inspections and robotic guidance. The embedded sensors and machine vision systems can find objects in the 2D or 3D space and accordingly adjust paths for their placement while assembling. Robots, with the help of machine vision systems, can achieve higher efficiencies and accuracies and eliminate risks and errors associated with critical activities with human labor. according to CEIC data, US Motor Vehicle Production was reported at 10,060,339 units in December 2022. This records an increase from the previous number of 9,157,205 units in December 2021. US Motor Vehicle Production data is updated yearly, averaging 11,295,017 units from December 1997 to December 2022.

Consumer electronics, when designed and developed with the help of machine vision systems, enable manufacturers to incorporate the regulatory requirements and competitive factors in the manufacturing of devices. They are used for quality inspection and process automation applications in the consumer electronics industry. The vision systems perform defect detection, tolerance monitoring, and component measurement in quality inspection.

The machine vision lighting market is categorized based on lighting type, spectrum of light, and application. Based on lighting type, the machine vision lighting market is segmented into LEDs, fiber optic lights (halogen), fluorescent lighting, and xenon. By spectrum of light, the market is segmented into visible spectrum, UV spectrum, and IR spectrum. In terms of application, the machine vision lighting market is segmented into automotive, consumer electronics, food & beverage, pharmaceuticals, and logistics. Geographically, the machine vision lighting market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.

Cognex Corporation, Advanced Illumination Inc., Effilux, Moritex Corporation, National Instruments Corporation, Omron Microscans Systems Inc., Prophotonix Limited, Spectrum Illumination, and TPL Vision are among the key players operating in the machine vision lighting market.

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