At 7.2% CAGR, Europe Machine Vision Lighting Market is Projected to be Worth US$ 697.32 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe machine vision lighting market was valued at US$ 400.22 million in 2022 and is expected to reach US$ 697.32 million by 2030, registering a CAGR of 7.2% from 2022 to 2030. Increase in adoption of intelligent lighting for machine vision systems and multispectral and hyperspectral lighting are among the critical factors attributed to the Europe machine vision lighting market expansion.             

In machine vision systems, LED lights have been acknowledged as a technological basis for lighting test objects. However, there is still a need for optimization. Specific customer-specific applications lack individual mechanical and optical designs. A massive number of machine vision end users require lighting with higher intensity, coupled with lower price, as well as easier integration. The vital factors comprise customer-centric adaptation possibilities in lighting geometry, numerous selections for operation, and fast delivery times with wavelengths. The requirements for illumination systems, particularly, high power density for faster production process, which needs shorter exposure times and more luminous intensity, are witnessing a high demand. Manufacturers of machine vision lighting are thus catering to this inclination by manufacturing high-power LEDs. Constant developments in LED-based lights for complex end-user applications are anticipated to provide a prosperous opportunity to the market. Additionally, another prevailing factor in illumination technology is intelligent lighting. Intelligent or smart lighting aims to exploit the supply of illumination systems exquisitely and thus use them more efficiently and economically. Intelligent lighting can also be used for monitoring illumination systems, and this is consequently a move toward Industry 4.0. As the dynamic application data and the technical properties of illumination are permanently available in the machine vision system, end users can be notified immediately about diminishing lighting levels and other significant changes. The increasing factory automation is resulting in the adoption of smart lighting technology in machine vision systems.

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

Based on lighting type, the Europe machine vision lighting market is categorized into LEDs, fiber optic lights (halogen), fluorescent lighting, xenon, and others. The LEDs segment held 72.7% share of Europe machine vision lighting market in 2022, amassing US$ 291.00 million. It is projected to garner US$ 523.50 million by 2030 to expand at 7.6% CAGR during 2022–2030.

In terms of spectrum of light, the Europe machine vision lighting market is categorized into visible spectrum, IR spectrum, and UV spectrum. The visible spectrum segment held 75.5% share of Europe machine vision lighting market in 2022, amassing US$ 302.26 million. It is projected to garner US$ 533.48 million by 2030 to expand at 7.4% CAGR during 2022–2030.

Based on application, the Europe machine vision lighting market is categorized into automotive, food & beverage, pharmaceuticals, consumer electronics, logistics, and others. The automotive segment held 29.0% share of Europe machine vision lighting market in 2022, amassing US$ 116.19 million. It is projected to garner US$ 221.14 million by 2030 to expand at 8.4% CAGR during 2022-2030.

By country, the Europe machine vision lighting market has been categorized into Germany, France, the UK, Italy, Spain, and the Rest of Europe. Our regional analysis states that Germany captured 25.3% share of Europe machine vision lighting market in 2022. It was assessed at US$ 101.30 million in 2022 and is likely to hit US$ 197.44 million by 2030, exhibiting a CAGR of 8.7% during 2022-2030.           

Key players operating in the Europe 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 2023, Cognex Corporation announced the acquisition of Moritex Corporation, a manufacturer and seller of machine vision optical components such as high-spec lenses and lighting for industrial use.
• In September 2023, the wenglor sensoric Group, headquartered in Tettnang, Germany, has recently completed the acquisition of deevio, a Berlin-based start-up specializing in AI and image processing. This strategic move allows wenglor to enhance its expertise in artificial intelligence and data science, unlocking new possibilities for innovative advancements in the realm of machine vision. The acquisition strengthens wenglor's position in the market and provides a platform for future growth and development in this rapidly evolving field.

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