At 8.4% CAGR, Asia Pacific Machine Vision Lighting Market is Projected to be Worth US$ 1,037.18 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific machine vision lighting market was valued at US$ 543.49 million in 2022 and is expected to reach US$ 1,037.18 million by 2030, registering a CAGR of 8.4% from 2022 to 2030. Rapid expansion of manufacturing industry and increasing automation across industries are among the critical factors attributed to the Asia Pacific machine vision lighting market expansion.             

The global manufacturing industry is rapidly expanding as more regions are investing in setting up 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 scales 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. Moreover, the expansion in the manufacturing industry is highly driven by global economic growth. Also, the industry is currently in the middle of a technological renaissance, changing modern factories' systems, outlook, 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 driving the demand for machine vision lighting globally.

On the contrary, complicated end user requirement hurdles the growth of Asia Pacific machine vision lighting market. 

Based on lighting type, the Asia Pacific machine vision lighting market is categorized into LEDs, fiber optic lights (halogen), fluorescent lighting, xenon, and others. The LEDs segment held 72.5% share of Asia Pacific machine vision lighting market in 2022, amassing US$ 393.77 million. It is projected to garner US$ 773.97 million by 2030 to expand at 8.8% CAGR during 2022-2030.

In terms of spectrum of light, the Asia Pacific machine vision lighting market is categorized into visible spectrum, IR spectrum, and UV spectrum. The visible spectrum segment held 75.8% share of Asia Pacific machine vision lighting market in 2022, amassing US$ 411.93 million. It is projected to garner US$ 795.70 million by 2030 to expand at 8.6% CAGR during 2022-2030.

Based on application, the Asia Pacific machine vision lighting market is categorized into automotive, food & beverage, pharmaceuticals, consumer electronics, logistics, and others. The automotive segment held 24.2% share of Asia Pacific machine vision lighting market in 2022, amassing US$ 131.72 million. It is projected to garner US$ 302.80 million by 2030 to expand at 11.0% CAGR during 2022-2030.

By country, the Asia Pacific machine vision lighting market has been categorized into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 35.0% share of Asia Pacific machine vision lighting market in 2022. It was assessed at US$ 190.38 million in 2022 and is likely to hit US$ 397.77 million by 2030, exhibiting a CAGR of 9.6% during 2022-2030.           

Key players operating in the Asia Pacific machine vision lighting market are Schott AG, Basler AG, Exactera LLC, Spectrum Illumination, Smart Vision Lights, CCS Inc, Omron Microscan Systems Inc, wenglor sensoric GmbH, Keyence Corp, and Cognex Corp, among others.

• In October 2021, CCS launched OLB-LT series bendable OLED lighting for machine vision inspection. The launched product is the second product under CCS-LT. The OLB-LT series uses a multi-layer design of organic light-emitting diodes (OLED) and spring steel so that the bending radius can be designed from 100 mm with either an inner or outer light emission surface while reducing the impact to the 0.1 mm flexible glass.
• In December 2023, Smart Vision Lights announced the launch of DoAll multifunctional light, comprising six different machine vision lights, and has received UR+ certification from Universal Robots.

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