South America Machine Vision Lighting Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Lighting Type [LEDs, Fiber Optic Lights (Halogen), Florescent Lighting, and Xenon], Spectrum of Light (Visible Spectrum, UV Spectrum, and IR Spectrum), and Application (Automotive, Consumer Electronics, Food & Beverages, Pharmaceuticals, Logistics, and Others)
Market Introduction
South American region comprises of several emerging economies, which are experience tremendous growth in their manufacturing sector. The automotive sector of Brazil is witnessing the highest adoption, as the country comprises of manufacturing facilities of several automotive players such as Fiat, General Motors, Honda, Volkswagen, Renault, and Peugeot among others. Further, other manufacturing industries in the country includes electronics, aerospace, and food and beverages. As per government sources, Brazil is anticipated to witness a high growth in the country’s automobile production capacity during the coming years. Moreover, government of other emerging economies in the region are taking several initiatives to support industrial growth. For instance, Argentina is concentrating on attracting FDIs by taking several initiatives such as easing import restrictions, signing international bilateral agreements, no restriction on foreign investment and other such initiatives. Such initiatives are expected to help in the development of businesses in the South American region.
Brazil has the largest number of cases with COVID-19, followed by Ecuador, Chile, Peru, and Argentina amongst others. The covid-19 pandemic has led to the closure of all economic activities across the region, in order to combat the spread of the virus. With the closure of manufacturing activities across major countries in the SAM region such as Brazil and Argentina amongst others to combat the spread of the virus in the countries is thereby affecting any new adoption of technology, adversely. In the manufacturing industry across Argentina, the negative influence of the COVID-19 crisis is a historical one, already weakened by the recession of previous years. This has influenced government bodies to take necessary steps in order to boost the sector across the country over the years. Though the machine vision lighting market is adversely affected due to the outbreak of the virus, but the government initiative to attract investors in the sector is expected to influence the adoption of the technology across various industries over the years in the region.
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Market Overview and Dynamics
The machine vision lighting market in SAM is expected to grow from US$ 74.56 million in 2021 to US$ 114.17 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028. The automotive industry, pharmaceutical industry, consumer electronics and the packaging industry in Latin America are the biggest users of machine vision systems. The semi-conductor industry in SAM is negligible, which is the reason why machine visions systems are not being adopted by this industry. Most of the North American Machine Vision integrators cater to the Latin American market. Also, the local vendors have slowly made inroads into the market. Cultural differences from the rest of the world have allowed local market players to adapt well and understand the requirements of the customers better.
Key Market Segments
SAM machine vision lighting market is segmented into lighting type, spectrum of light, application, and country. Based on lighting type, the SAM machine vision lighting market is segmented into LEDs, fiber optic lights (halogen), florescent lighting, xenon, and others. LEDs segment held the largest market share in 2020. Based on spectrum of light, the SAM machine vision lighting market is segmented into visible spectrum, UV spectrum, and IR spectrum. Visible spectrum held the largest market share in 2020. Based on application, the SAM machine vision lighting market is segmented into automotive, consumer electronics, food and beverage, pharmaceuticals, logistics, and others. Consumer electronics held the largest market share in 2020. Based on country, the SAM machine vision lighting market is segmented into Brazil, Argentina, and rest of SAM. Rest of SAM held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the machine vision lighting market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Advanced Illumination Inc; EFFILUX; Moritex Corporation; National Instruments Corporation; Omron Microscan System, Inc.; Smart Vision Lights; Spectrum Illumination; and TPL Vision.
Reasons to buy report
- To understand the SAM machine vision lighting market landscape and identify market segments that are most likely to guarantee a strong return.
- Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM machine vision lighting market.
- Efficiently plan M&A and partnership deals in SAM machine vision lighting market by identifying market segments with the most promising probable sales.
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM machine vision lighting market.
- Obtain market revenue forecast for market by various segments from 2021-2028 in SAM region.
SAM Machine Vision Lighting Market Segmentation
SAM Machine Vision Lighting Market - By Lighting Type
- LEDs
- Fiber Optic Lights (Halogen)
- Florescent Lighting
- Xenon
- Others
SAM Machine Vision Lighting Market - By Spectrum of Light
- Visible spectrum
- UV Spectrum
- IR spectrum
SAM Machine Vision Lighting Market - By Application
- Automotive
- Consumer Electronics
- Food & Beverage
- Pharmaceuticals
- Logistics
- Others
SAM Machine Vision Lighting Market - By Country
- Brazil
- Argentina
- Rest of SAM
SAM Machine Vision Lighting Market - Company Profiles
- Advanced Illumination Inc
- EFFILUX
- Moritex Corporation
- National Instruments Corporation
- Omron Microscan System, Inc.
- Smart Vision Lights
- Spectrum Illumination
- TPL Vision
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Machine Vision Lighting Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Machine Vision Lighting Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Significant Demand for High Production Output
5.1.2 Manufacturing Sector Expanding and Enhanced Techniques Getting Implemented
5.2 Key Market Restraints
5.2.1 End-User Requirements Being Complicated
5.3 Key Market Opportunities
5.3.1 LED-Based Lighting Advancements and Increased Adoption of Smart Lighting for Machine Vision Systems
5.4 Future Trends
5.4.1 SMEs Adopting Machine Vision Systems and Upcoming of IIoT
5.4.2 Non-Industrial Sector Implementing Machine Vision
5.4.3 Rising Popularity of Robotics in Automation
5.5 Impact Analysis of Drivers and Restraints
6. Machine Vision Lighting Market – SAM Analysis
6.1 SAM Machine Vision Lighting Market Overview
6.2 SAM Machine Vision Lighting Market –Revenue and Forecast to 2028 (US$ Million)
7. SAM Machine Vision Lighting Market Analysis – By Lighting Type
7.1 Overview
7.2 SAM Machine Vision Lighting Market, By Lighting Type (2020 and 2028)
7.3 LEDS
7.3.1 Overview
7.3.2 LEDs: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Fiber Optic Lights (Halogen)
7.4.1 Overview
7.4.2 Fiber Optic Lights: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Florescent Lighting
7.5.1 Overview
7.5.2 Florescent Lighting: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Xenon
7.6.1 Overview
7.6.2 Xenon: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
8. SAM Machine Vision Lighting Market – By Spectrum of Lighting
8.1 Overview
8.2 SAM Machine Vision Lighting Market, by Spectrum of Lighting (2020 and 2028)
8.3 Visible Spectrum
8.3.1 Overview
8.3.2 Visible Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
8.4 UV Spectrum
8.4.1 Overview
8.4.2 UV Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
8.5 IR Spectrum
8.5.1 Overview
8.5.2 IR Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
9. SAM Machine Vision Lighting Market – By Application
9.1 Overview
9.2 SAM Machine Vision Lighting Market, by Application (2020 and 2028)
9.3 Automotive
9.3.1 Overview
9.3.2 Automotive: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Consumer Electronics
9.4.1 Overview
9.4.2 Consumer Electronics: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Pharmaceutical
9.5.1 Overview
9.5.2 Pharmaceutical: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Food and Beverages
9.6.1 Overview
9.6.2 Food and Beverages: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Logistics
9.7.1 Overview
9.7.2 Logistics: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
9.8 Other End-Users
9.8.1 Overview
9.8.2 Other End-Users: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
10. SAM Machine Vision Lighting Market – Country Analysis
10.1 Overview
10.1.1 SAM: Machine Vision Lighting Market- by Key Country
10.1.1.1 Brazil: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Brazil: Machine Vision Lighting Market- by Lighting Type
10.1.1.1.2 Brazil: Machine Vision Lighting Market- By Spectrum of Lighting
10.1.1.1.3 Brazil: Machine Vision Lighting Market- By Application
10.1.1.2 Argentina: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Argentina: Machine Vision Lighting Market- by Lighting Type
10.1.1.2.2 Argentina: Machine Vision Lighting Market- By Spectrum of Lighting
10.1.1.2.3 Argentina: Machine Vision Lighting Market- By Application
10.1.1.3 Rest of SAM: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Rest of SAM: Machine Vision Lighting Market- by Lighting Type
10.1.1.3.2 Rest of SAM: Machine Vision Lighting Market- By Spectrum of Lighting
10.1.1.3.3 Rest of SAM: Machine Vision Lighting Market- By Application
11. Impact of COVID-19 Pandemic on SAM Machine Vision Lighting Market
11.1 SAM Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 ADVANCED ILLUMINATION
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 EFFILUX
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 MORITEX Corporation
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 National Instruments Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Omron Microscan Systems, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Smart Vision Lights
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Spectrum Illumination
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 TPL Vision
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. SAM Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil: Machine Vision Lighting Market- by Lighting Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: Machine Vision Lighting Market- by Lighting Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of SAM: Machine Vision Lighting Market- by Lighting Type–Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of SAM: Machine Vision Lighting Market- By Spectrum of Lighting –Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of SAM: Machine Vision Lighting Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Machine Vision Lighting Market Segmentation
Figure 2. SAM Machine Vision Lighting Market Segmentation – By Country
Figure 3. SAM Machine Vision Lighting Market Overview
Figure 4. LEDs Segment Held the Largest Market Share in 2020
Figure 5. Visible Spectrum Held the Largest Market Share in 2020
Figure 6. Consumer Electronics End-user Held the Largest Market Share in 2020
Figure 7. Rest of SAM was the Largest Revenue Contributor in 2020
Figure 8. SAM – PEST Analysis
Figure 9. SAM Machine Vision Lighting Market– Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. SAM Machine Vision Lighting Market: Impact Analysis of Drivers and Restraints
Figure 12. SAM Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. SAM Machine Vision Lighting Market Revenue Share, by Lighting Type (2020 and 2028)
Figure 14. SAM LEDs: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. SAM Fiber Optic Lights: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. SAM Florescent Lighting: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. SAM Xenon: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. SAM Others: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. SAM Machine Vision Lighting Market Revenue Share, by Spectrum of Lighting (2020 and 2028)
Figure 20. SAM Visible Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. SAM UV Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. SAM IR Spectrum: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. SAM Machine Vision Lighting Market Revenue Share, by Application (2020 and 2028)
Figure 24. SAM Automotive: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. SAM Consumer Electronics: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. SAM Pharmaceutical: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. SAM Food and Beverages: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. SAM Logistics: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. SAM Other End-Users: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. SAM: Machine Vision Lighting Market, by Key Country – Revenue (2020) (US$ Million)
Figure 31. SAM: Machine Vision Lighting Market Revenue Share, By Key Country (2020 and 2028)
Figure 32. Brazil: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Argentina: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of SAM: Machine Vision Lighting Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Impact of COVID-19 Pandemic in SAM Country Markets
- Advanced Illumination Inc
- EFFILUX
- Moritex Corporation
- National Instruments Corporation
- Omron Microscan System, Inc.
- Smart Vision Lights
- Spectrum Illumination
- TPL Vision
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM machine vision lighting market
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- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the machine vision lighting market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution