Summary

The South & Central America machine vision lighting market was valued at US$ 80.62 million in 2022 and is expected to reach US$ 127.47 million by 2030; it is estimated to grow at a CAGR of 5.9% from 2022-2030.

Increase in Adoption of Intelligent Lighting for Machine Vision Systems Fuels South & Central America Machine Vision Lighting Market

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.

South & Central America Machine Vision Lighting Market Overview

The South American region comprises several emerging economies that are experiencing tremendous growth in their manufacturing sector. The automotive sector of Brazil is witnessing tremendous growth, as the country comprises manufacturing facilities of several automotive players such as Fiat, General Motors, Honda, Volkswagen, Renault, and Peugeot. Further, other manufacturing industries in the country include electronics, aerospace, and food & 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, the growing investment in the production of EVs is fueling the growth of the automotive manufacturing industry. The growing demand for EVs equipped with safety features is making EV manufacturers increase their manufacturing capabilities, further aiding the usage of automotive high-voltage cables in vehicles. In 2021, all major vehicle markets in the region reported an increase in EV sales. As per the local electric vehicle association ABVE, EV sales in Brazil reached around 35,000 in 2021, an increase of 77% compared to 2020, and the trend of sales is expected to continue in the coming years. Also, governments 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, and removing restrictions on foreign investment. Such initiatives are expected to help in the development of businesses in South America. Also, the automotive industry, pharmaceutical industry, consumer electronics industry, and packaging industry in Latin America are the biggest users of machine vision systems.

South & Central America Machine Vision Lighting Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Machine Vision Lighting Market Segmentation

The South & Central America machine vision lighting market is segmented based on lighting type, spectrum of light, application, and country. Based on lighting type, the South & Central America machine vision lighting market is categorized into LEDs, fiber optic lights (halogen), fluorescent lighting, xenon, and others. The LEDs segment held the largest market share in 2022.

In terms of spectrum of light, the South & Central America machine vision lighting market is categorized into visible spectrum, IR spectrum, and UV spectrum. The visible spectrum segment held the largest market share in 2022.

Based on application, the South & Central America machine vision lighting market is categorized into automotive, food & beverage, pharmaceuticals, consumer electronics, logistics, and others. The automotive segment held the largest market share in 2022.

By country, the South & Central America machine vision lighting market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America machine vision lighting market share in 2022.

Schott AG, Exactera LLC, Spectrum Illumination, Smart Vision Lights, Omron Microscan Systems Inc, wenglor sensoric GmbH, Keyence Corp, and Cognex Corp are some of the leading companies operating in the South & Central America machine vision lighting market.

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Table of Contents

TABLE OF CONTENTS

1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Machine Vision Lighting Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. South & Central America Machine Vision Lighting Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Extensive Demand for High Production Output
5.1.2 Rapid Expansion of Manufacturing Industry
5.1.3 Increasing Automation Across Industries
5.2 Market Restraints
5.2.1 Complicated End User Requirement
5.2.2 Lack of Skilled Professionals in Manufacturing Industry
5.3 Market Opportunities
5.3.1 Increase in Adoption of Intelligent Lighting for Machine Vision Systems
5.3.2 Customized Lighting Solutions for Specific Industries
5.4 Future Trends
5.4.1 Multispectral and Hyperspectral Lighting
5.5 Impact of Drivers and Restraints:
6. Machine Vision Lighting Market – South & Central America Analysis
6.1 Machine Vision Lighting Market Revenue (US$ Million), 2020-2030
6.2 Machine Vision Lighting Market Forecast and Analysis
7. South & Central America Machine Vision Lighting Market Analysis – by Lighting Type
7.1 LEDs
7.1.1 Overview
7.1.2 LEDs Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Fiber Optic Lights (Halogen)
7.2.1 Overview
7.2.2 Fiber Optic Lights (Halogen) Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Fluorescent Lighting
7.3.1 Overview
7.3.2 Fluorescent Lighting Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Xenon
7.4.1 Overview
7.4.2 Xenon Market, Revenue and Forecast to 2030 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
8. South & Central America Machine Vision Lighting Market Analysis – by Spectrum of Light
8.1 Visible Spectrum
8.1.1 Overview
8.1.2 Visible Spectrum Market Revenue, and Forecast to 2030 (US$ Million)
8.2 IR Spectrum
8.2.1 Overview
8.2.2 IR Spectrum Market Revenue, and Forecast to 2030 (US$ Million)
8.3 UV Spectrum
8.3.1 Overview
8.3.2 UV Spectrum Market Revenue, and Forecast to 2030 (US$ Million)
9. South & Central America Machine Vision Lighting Market Analysis – by Application
9.1 Automotive
9.1.1 Overview
9.1.2 Automotive Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Food & Beverage
9.2.1 Overview
9.2.2 Food & Beverage Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Pharmaceuticals
9.3.1 Overview
9.3.2 Pharmaceuticals Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Consumer Electronics
9.4.1 Overview
9.4.2 Consumer Electronics Market Revenue, and Forecast to 2030 (US$ Million)
9.5 Logistics
9.5.1 Overview
9.5.2 Logistics Market Revenue, and Forecast to 2030 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
10. South & Central America Machine Vision Lighting Market - Country Analysis
10.1 South & Central America Machine Vision Lighting Market Overview
10.1.1 South America Machine Vision Lighting Market, by Key Country, 2022 and 2030 (%)
10.1.1.1 South & Central America Machine Vision Lighting Market Revenue and Forecasts and Analysis - By Country
10.1.1.2 Brazil Machine Vision Lighting Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 Brazil Machine Vision Lighting Market Revenue and Forecasts by Lighting Type
10.1.1.2.2 Brazil Machine Vision Lighting Market Revenue and Forecasts by Spectrum of Light
10.1.1.2.3 Brazil Machine Vision Lighting Market Revenue and Forecasts by Application
10.1.1.3 Argentina Machine Vision Lighting Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 Argentina Machine Vision Lighting Market Revenue and Forecasts by Lighting Type
10.1.1.3.2 Argentina Machine Vision Lighting Market Revenue and Forecasts by Spectrum of Light
10.1.1.3.3 Argentina Machine Vision Lighting Market Revenue and Forecasts by Application
10.1.1.4 Rest of South & Central America Machine Vision Lighting Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 Rest of South & Central America Machine Vision Lighting Market Revenue and Forecasts by Lighting Type
10.1.1.4.2 Rest of South & Central America Machine Vision Lighting Market Revenue and Forecasts by Spectrum of Light
10.1.1.4.3 Rest of South & Central America Machine Vision Lighting Market Revenue and Forecasts by Application
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Cognex Corp
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 Keyence Corp
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 wenglor sensoric GmbH
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 Omron Microscan Systems, Inc.
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 Smart Vision Lights
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 Spectrum Illumination
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 Exaktera LLC
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 Schott AG
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