Machine Vision Market Overview
Machine Vision market size was worth USD 14.2 Billion in 2022, witnessing a CAGR of 7.5% during the forecast period (2022-2030), and the market is expected to hit a valuation of around USD 25.3 Billion by 2030.
To supplement manual inspections and measures, machine vision technology uses digital cameras and image processing to replace human visual sense and judgement powers. Various sectors use this technology to automate manufacturing and increase product quality and speed.
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|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||25.3 Billion|
|By Offering||Hardware, Software, Services|
|By Product||PC Based, Smart Camera Based|
|By Application||Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification|
|By End-use||Automotive, Pharmaceuticals & Chemicals, Electronics & Semiconductor, Pulp & Paper, Printing & Labeling, Food & Beverage (Packaging and Bottling), Glass & Metal, Postal & Logistics, Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)|
|By Geography||Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America [United States, Canada, Mexico] Middle East & Africa [GCC, North Africa, South Africa] South America [Brazil, Argentina, Columbia, Chile, Peru]|
|Key Players||Baumer Ltd., Cognex Corporation, Canon, Inc., Flir Systems, Inc., Intel Corporation, Keyence Corporation, National Instrument Corporation, Omron Corporation, Texas Instruments, Sick Ag|
We have conducted a 360-degree analysis of the Machine Vision market. Approaches for both primary and secondary research. As a result, we were better able to comprehend current market dynamics, the supply-demand imbalance, pricing trends, product preferences, customer behaviours, and other factors. Primary research was used to further validate the findings with industry professionals and opinion leaders from other nations. Through a variety of market estimation and data validation procedures, the data is further collated and validated. Additionally, we have a model for internally generated data that forecasts market growth until 2030.
Machine Vision Market Segmentation Analysis:-
• PC Based
• Smart Camera Based
• Quality Assurance and Inspection
• Positioning and Guidance
• Pharmaceuticals & Chemicals
• Electronics & Semiconductor
• Pulp & Paper
• Printing & Labeling
• Food & Beverage (Packaging and Bottling)
• Glass & Metal
• Postal & Logistics
• Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
Global Machine Vision Market Competitive Landscape:
The market research report on the Machine Vision market comprises the compilation of quantitative and qualitative evaluations of the industry position. Additionally, the in-detailed analysis of the market trends adopted by the industry players and the macroeconomic indicators influencing the value chain of businesses provide a complete outlook of market circumstances. Thus, mentioned are the major industry players that make up the consolidated market concentration–
• Baumer Ltd.
• Cognex Corporation
• Canon, Inc.
• Flir Systems, Inc.
• Intel Corporation
• Keyence Corporation
• National Instrument Corporation
• Omron Corporation
• Texas Instruments
• Sick Ag
With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and an all-encompassing picture of the market conditions in the projected period, the Machine Vision Market Research Report keeps a close eye on the leading competitors. It is an expertly written, in-depth study that emphasises key and secondary drivers, market share, top categories, and regional analysis. The paper also examines prominent actors, significant partnerships, mergers, and acquisitions, as well as popular innovations and business practises.
Overview of the market for Machine Vision by region:
The market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa based on region (MEA). The North American continent is further divided into nations like the United States and Canada. Europe is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific make up the subregion of Asia Pacific. The MEA region is further separated into GCC, Turkey, South Africa, and Rest of MEA. The Latin America region is further divided into Brazil, Mexico, and Rest of Latin America.