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Machine Vision Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 110 Pages
  • January 2023
  • Region: Global
  • IMARC Group
  • ID: 5732446

Quick Summary:

In today's rapid technological landscape, recognizing trends and advancements in the global machine vision market can provide a significant competitive edge. Machine vision, underlining observing machinery processes through precise coordination of software and hardware, is pivotal in improving operational productivity, quality, and safety while reducing costs. It surpasses even the most astute human supervision in terms of speed, accuracy, and repeatability.

This comprehensive market research report offers invaluable insights into the machine vision market, expertly segmenting it by product, component, application, and industry. Unlock key understandings of market dynamics and major players, as this report serves as an indispensable resource for entrepreneurs, business strategists, consultants, investors, and those planning to venture into the machine vision market. From a macro overview to the micro details of recent trends, drivers, and challenges, the report illuminates every facet of the machine vision market.

The global machine vision market size reached US$ 12.1 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 19.7 Billion by 2028, exhibiting a CAGR of 8.46% during 2022-2028.

Machine vision, also known as vision system or industrial vision, is a technology used for observing all types of machinery processes. It usually consists of various cameras which are installed over the machines depending upon the requirement so that the entire process can undergo a proper vigilance. These cameras are fixed to perform the task of capturing and interpreting along with giving a signal as per the requirements. Machine vision technology works by the precise coordination of software and hardware. Machine vision is currently providing numerous benefits to organizations such as improving quality, increasing productivity, lowering production costs, reducing floor space, increasing production flexibility, lowering capital equipment costs, etc.

Whereas human vision is ideal for qualitative interpretation of a complex, unstructured scene, machine vision stands out at quantitative measurement of a structured scene catalyzed by its speed, accuracy, and repeatability. For instance, during a production process, a machine vision system has the capability to inspect hundreds, or even thousands, of parts per minute. A machine vision system built around the right camera resolution and optics can effortlessly inspect object details that may otherwise be too small to be viewed by the human eye. In addition, in removing physical contact between a test system and the parts that are being tested, machine vision averts part damage and reduces the maintenance time and costs linked with the wear and tear on mechanical components. Moreover, machine vision provides additional safety and operational advantages by reducing manual involvement in the production process. Nevertheless, machine vision also helps in preventing human contamination of clean rooms and protects human workers from environments that could be hazardous.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global machine vision market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product, component, application, and industry.

Breakup by Product:

  • Vision Systems
  • Cameras
  • Others
Based on the product, the market has been segmented as vision systems, cameras and others.

Breakup by Component:

  • Hardware
  • Software
Based on the component, the market has been segmented as hardware and software.

Breakup by Application:

  • Positioning
  • Identification
  • Verification
  • Measurement
  • Flaw Detection
  • Others
Based on the application, the market has been segmented as positioning, identification, verification, measurement, flaw detection and others.

Breakup by Industry:

  • Electronics and Semiconductor
  • Automotive
  • Medical and Pharmaceutical
  • Food, Packaging and Printing
  • Security and Surveillance
  • Intelligent Traffic System
  • Others
Based on the industry, the market has been segmented as electronics and semiconductor; automotive; medical and pharmaceutical; food; packaging and printing; security and surveillance; intelligent traffic system; and others.

Regional Insights:

  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America
Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Cognex Corporation, Basler AG, Omron Corporation, National Instruments Corporation, Keyence Corporation, Sony Corporation, Teledyne Technologies, Inc., Texas Instruments, Inc, Allied Vision Technologies GmbH, Intel Corporation, Baumer Optronic GmbH and Jai A/S.

This report provides a deep insight into the global machine vision market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the machine vision market in any manner.

Key Questions Answered in This Report

1. What was the size of the global machine vision market in 2022?
2. What is the expected growth rate of the global machine vision market during 2023-2028?
3. What are the key factors driving the global machine vision market?
4. What has been the impact of COVID-19 on the global machine vision market?
5. What is the breakup of the global machine vision market based on the product?
6. What is the breakup of the global machine vision market based on the component?
7. What is the breakup of the global machine vision market based on the application?
8. What is the breakup of the global machine vision market based on the industry?
9. What are the key regions in the global machine vision market?
10. Who are the key players/companies in the global machine vision market?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Machine Vision Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product
5.5 Market Breakup by Component
5.6 Market Breakup by Application
5.7 Market Breakup by Industry
5.8 Market Breakup by Region
5.9 Market Forecast
5.10 SWOT Analysis
5.10.1 Overview
5.10.2 Strengths
5.10.3 Weaknesses
5.10.4 Opportunities
5.10.5 Threats
5.11 Value Chain Analysis
5.12 Porters Five Forces Analysis
5.12.1 Overview
5.12.2 Bargaining Power of Buyers
5.12.3 Bargaining Power of Suppliers
5.12.4 Degree of Competition
5.12.5 Threat of New Entrants
5.12.6 Threat of Substitutes
5.13 Price Analysis

6 Market Breakup by Product
6.1 Vision Systems
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cameras
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by Component
7.1 Hardware
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Software
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Application
8.1 Positioning
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Identification
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Verification
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Measurement
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Flaw Detection
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast

9 Market Breakup by Industry
9.1 Electronics and Semiconductor
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Automotive
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Medical and Pharmaceutical
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Food, Packaging and Printing
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Security and Surveillance
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Intelligent Traffic System
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Forecast

10 Market Breakup by Region
10.1 Asia Pacific
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Europe
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 North America
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast

11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Cognex Corporation
11.3.2 Basler AG
11.3.3 Omron Corporation
11.3.4 National Instruments Corporation
11.3.5 Keyence Corporation
11.3.6 Sony Corporation
11.3.7 Teledyne Technologies, Inc.
11.3.8 Texas Instruments, Inc
11.3.9 Allied Vision Technologies GmbH
11.3.10 Intel Corporation
11.3.11 Baumer Optronic GmbH
11.3.12 Jai A/S

List of Figures
Figure 1: Global: Machine Vision Market: Major Drivers and Challenges
Figure 2: Global: Machine Vision Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Machine Vision Market: Breakup by Product (in %), 2022
Figure 4: Global: Machine Vision Market: Breakup by Component (in %), 2022
Figure 5: Global: Machine Vision Market: Breakup by Industry (in %), 2022
Figure 6: Global: Machine Vision Market: Breakup by Application (in %), 2022
Figure 7: Global: Machine Vision Market: Breakup by Region (in %), 2022
Figure 8: Global: Machine Vision Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Machine Vision Industry: SWOT Analysis
Figure 10: Global: Machine Vision Industry: Value Chain Analysis
Figure 11: Global: Machine Vision Industry: Porter’s Five Forces Analysis
Figure 12: Global: Machine Vision (Vison Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Machine Vision (Vison Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Machine Vision (Cameras) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Machine Vision (Cameras) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Machine Vision (Other Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Machine Vision (Other Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Machine Vision (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Machine Vision (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Machine Vision (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Machine Vision (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Machine Vision (Positioning) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Machine Vision (Positioning) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Machine Vision (Identification) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Machine Vision (Identification) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Machine Vision (Verification) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Machine Vision (Verification) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Machine Vision (Measurement) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Machine Vision (Measurement) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Machine Vision (Flaw Detection) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Machine Vision (Flaw Detection) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Machine Vision (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Machine Vision (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Machine Vision (Electronics and Semiconductor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Machine Vision (Electronics and Semiconductor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Machine Vision (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Machine Vision (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Machine Vision (Medical and Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Machine Vision (Medical and Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Machine Vision (Food, Packaging and Printing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Machine Vision (Food, Packaging and Printing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Machine Vision (Security and Surveillance) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Machine Vision (Security and Surveillance) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Machine Vision (Intelligent Traffic System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Machine Vision (Intelligent Traffic System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Machine Vision (Other Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Machine Vision (Other Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Asia Pacific: Machine Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Asia Pacific: Machine Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Machine Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Machine Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: North America: Machine Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: North America: Machine Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Middle East and Africa: Machine Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Middle East and Africa: Machine Vision Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Latin America: Machine Vision Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Latin America: Machine Vision Market Forecast: Sales Value (in Million US$), 2023-2028

List of Tables
Table 1: Global: Machine Vision Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Machine Vision Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Machine Vision Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 4: Global: Machine Vision Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Machine Vision Market Forecast: Breakup by Industry (in Million US$), 2023-2028
Table 6: Global: Machine Vision Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Machine Vision Market: Competitive Structure
Table 8: Global: Machine Vision Market: Key Players

Companies Mentioned

  • Cognex Corporation
  • Basler AG
  • Omron Corporation
  • National Instruments Corporation
  • Keyence Corporation
  • Sony Corporation
  • Teledyne Technologies Inc.
  • Texas Instruments Inc
  • Allied Vision Technologies GmbH
  • Intel Corporation
  • Baumer Optronic GmbH
  • Jai A/S.

Methodology

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