Global Vision Sensors Market to Reach $11.8 Billion by 2030
The global market for Vision Sensors estimated at US$5.4 Billion in the year 2023, is expected to reach US$11.8 Billion by 2030, growing at a CAGR of 11.7% over the analysis period 2023-2030. Less Than 3D Vision Sensors, one of the segments analyzed in the report, is expected to record a 10.5% CAGR and reach US$4.7 Billion by the end of the analysis period. Growth in the 3D Vision Sensors segment is estimated at 13% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 11.1% CAGR
The Vision Sensors market in the U.S. is estimated at US$1.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2 Billion by the year 2030 trailing a CAGR of 11.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10% and 9.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.
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