The latest market report published by Credence Research, Inc. “Global Machine Vision Lighting Market: Growth, Future Prospects, and Competitive Analysis, 2017 – 2030”. The Global Machine Vision Lighting Market generated revenue of around USD 1.2 billion in 2022 and is anticipated to grow a CAGR of over 8.5% during the forecast period from 2023 to 2030 to reach around USD 2.12 billion in 2030.

Several developing and developed economies in APAC have strong manufacturing sectors, which contribute to the growth of the machine vision lighting market. Also, various end-user industries are increasingly adopting machine vision systems, boosting the market. The rising living standard of people worldwide and strict government regulations for different products positively impact the market. Additionally, MEA and SAM are experiencing growth in their industrial sectors due to government support for enhancing the manufacturing sector. The United Arab Emirates and Saudi Arabia are expected to become manufacturing hubs in the coming years, creating more opportunities for machine vision systems such as lasers, lights, etc.

The global machine vision lighting market is bifurcated into Lighting Type, Spectrum of Light, Application, and Geography. Based on lighting type, the market is categorized into LEDs, fiber optic lights (Halogen), fluorescent lighting, xenon, and others. On the basis of the spectrum of light, the global market is segmented into the visible spectrum, UV spectrum, and IR spectrum. On the basis of application, the global market is segmented into automotive, consumer electronics, food & beverage, pharmaceuticals, logistics, and others. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

In 2022, North America dominated the global machine vision lighting market and accounted for a major market revenue share in terms of value. Since the last few years, North America's manufacturing industry trends, specifically the U.S., have been one of the most influential market trends globally. This is largely due to the region's ability to remain the only bright spot during the prolonged economic recovery. As a result, the manufacturing industry in this region is crucial to the country's economy and workforce, resulting in the demand for highly efficient manufacturing equipment.

The machine vision lighting market is experiencing significant growth trends as the demand for automated inspection and quality control processes continues to rise. Key factors driving this growth include advancements in LED technology, which have made lighting systems more efficient and cost-effective, as well as increasing adoption of machine vision systems across a wide range of industries. In addition, the emergence of new applications such as 3D imaging and hyperspectral imaging has created new opportunities for lighting manufacturers to develop specialized products that meet the needs of these markets. Other key growth drivers include rising demand from emerging economies, where industrial automation is becoming increasingly prevalent, and continued innovation in areas like robotics and artificial intelligence that are expected to fuel further expansion in the years ahead.

Why to Buy This Report-

  • The report provides a qualitative and quantitative analysis of the global machine vision lighting market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2018-2021, base year- 2022, and forecast period 2023-2030.
  • The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level
  • In-depth analysis of the global machine vision lighting market segmentation based on lighting type, the spectrum of light, and application.
  • The global machine vision lighting market report also includes analyzing the global, regional, and country level, along with key market trends, significant players analysis, market growth strategies, and key application areas.


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