Global Machine Vision Market Research Report: Forecast (2024-2030)

Machine Vision Market Report - By Component (Hardware, [Cameras, Optics, Frame Grabbers, LED Lighting, Others (Processors, Sensors, etc.)], Software, [Deep Learning Software, Image...... Acquisition Software, Image Processing Software, Others (Application Software, Open Source Software, etc.)], Services), By End User (Automotive, Electronics, Food and Beverages, Healthcare, Textile, Others (Retail, Printing, etc.)), By Application (Quality Assurance & Inspection, Guidance & Navigation, Identification & Verification, Others (Process Control, Management, etc.)), By Product Type (PC-Based Machine Vision, Smart Camera-Based Machine Vision), By Technology (1-D, 2-D, 3-D), By Deployment, (General, Robotic Cell), and Others Read more

  • ICT & Electronics
  • Aug 2024
  • 192
  • PDF, Excel, PPT

Market Definition

Machine vision is the methods and technologies used to provide analysis and inspection based on the data gathered from various cameras and sensors. Machine vision involves multiple hardware components, software as well as services. Machine vision is used in various industry verticals such as manufacturing, automotive, healthcare, etc.

Market Insights & Analysis: Global Machine Vision Market (2024-30):

The Global Machine Vision Market size is valued at USD 13.1 billion in 2024 & is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30. The market growth of machine vision components in the automotive sector is due to increased demand and adoption. Increased road accidents and traffic around the world have also created a necessity for more reliable and efficient vehicles. Machine vision systems installed on cars such as cameras, frame grabbers, processors, etc., ensure that automobile parts are assembled with precision and quality control which has led to an increase in the demand for machine vision components within the automotive industry.

Furthermore, there is a growing integration of machine vision systems into advanced driver-assistance systems (ADAS) thus increasing the need for machine vision systems and software. For instance, ADAS provides several safety features including emergency braking, lane departure warning system (LDWS), obstacle detection, etc., all of which require the adoption of such systems thereby propelling their uptake across automotive applications. Additionally, companies like Tesla, Maruti, Honda, etc., are implementing ADAS into their cars hence creating a requirement for machine vision solutions. For Instance,

  • In 2023, Honda launched its new model Honda City facelift with new features like the Advanced Driver Assistance System (ADAS) along with speed control features used in traffic congestion.
Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 7.5%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Others
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Key Companies Profiled Cognex Corporation, Basler AG, Keyence Corporation, Teledyne Technologies, TKH Group, Omron Automation, Emerson Electric Co., Sick Ag, Sony Corporation, Intel Corporation, Texas Instruments Incorporated, Ametek Inc., Qualitas Technologies Pvt Ltd, Baumer India Pvt Ltd, Optotune, among others
Market Value (2024) USD 13.1 Billion

 

In addition, there has been an upward trend in cases of food poisoning, and high consumer consciousness to quality and source of food stuffs has been increasing the use machine vision technology in the manufacturing sector of foods and drinks. Bulk food has often given a chance for microbial infection or contamination which increases food poisoning globally. For Instance,

  • In 2023, the Centre for Food Safety (CFS) received around 219 food poisoning cases which were referred by the Department of Health (DH), affecting 838 individuals in total globally.

The machine vision components and solutions such as cameras, sensors, etc., detect abnormalities in the food batches in terms of color, temperature, etc., with their microscopic viewing capabilities. This, in turn, is leading to the surging adoption of machine vision solutions in food and beverage manufacturing. Moreover, machine vision enables consistency in food by detecting differences in size and shape, which is further increasing its adoption in the sector.

Thus, the increasing adoption of machine vision solutions in sectors like automotive, food and beverage manufacturing, etc., is leading to its surging demand ultimately augmenting the growth of the Global Machine Vision Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Machine Vision Market, Supply Chain Analysis
  5. Global Machine Vision Market, Case Studies, 2019-2024
    1. Company
    2. Industry Vertical
    3. Other Details
  6. Global Machine Learning Market, Start-up Ecosystem
    1. Entrepreneurial Activity
    2. Year-on-Year Funding Received
    3. Funding Received by Top Companies
    4. Key Investors Active in the Market
    5. Series-wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture Capitalists (VC) Funding
      4. Others
  7. Global Machine Vision Market Trends & Insights
  8. Global Machine Vision Market Dynamics
    1. Growth Drivers
    2. Challenges
  9. Global Machine Vision Market Hotspot & Opportunities
  10. Global Machine Vision Market Government Regulations and Policies
  11. Global Machine Vision Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Component
        1. Hardware- Market Size & Forecast 2019-2030, USD Million
          1. Cameras- Market Size & Forecast 2019-2030, USD Million
          2. Optics- Market Size & Forecast 2019-2030, USD Million
          3. Frame Grabbers- Market Size & Forecast 2019-2030, USD Million
          4. LED Lighting- Market Size & Forecast 2019-2030, USD Million
          5. Others (Processors, Sensors, etc.) - Market Size & Forecast 2019-2030, USD Million
        2. Software- Market Size & Forecast 2019-2030, USD Million
          1. Deep Learning Software- Market Size & Forecast 2019-2030, USD Million
          2. Image Acquisition Software- Market Size & Forecast 2019-2030, USD Million
          3. Image Processing Software- Market Size & Forecast 2019-2030, USD Million
          4. Others (Application Software, Open Source Software, etc.) - Market Size & Forecast 2019-2030, USD Million
        3. Services - Market Size & Forecast 2019-2030, USD Million
      2. By End User
        1. Automotive- Market Size & Forecast 2019-2030, USD Million
        2. Electronics- Market Size & Forecast 2019-2030, USD Million
        3. Food and Beverages- Market Size & Forecast 2019-2030, USD Million
        4. Healthcare- Market Size & Forecast 2019-2030, USD Million
        5. Textile- Market Size & Forecast 2019-2030, USD Million
        6. Others (Retail, Printing, etc.) - Market Size & Forecast 2019-2030, USD Million
      3. By Application
        1. Quality Assurance & Inspection- Market Size & Forecast 2019-2030, USD Million
        2. Guidance & Navigation- Market Size & Forecast 2019-2030, USD Million
        3. Identification & Verification- Market Size & Forecast 2019-2030, USD Million
        4. Others (Process Control, Management, etc.) - Market Size & Forecast 2019-2030, USD Million
      4. By Product Type
        1. PC-Based Machine Vision- Market Size & Forecast 2019-2030, USD Million
        2. Smart Camera-Based Machine Vision- Market Size & Forecast 2019-2030, USD Million
      5. By Technology
        1. 1-D- Market Size & Forecast 2019-2030, USD Million
        2. 2-D- Market Size & Forecast 2019-2030, USD Million
        3. 3-D- Market Size & Forecast 2019-2030, USD Million
      6. By Deployment
        1. General- Market Size & Forecast 2019-2030, USD Million
        2. Robotic Cell- Market Size & Forecast 2019-2030, USD Million
      7. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      8. By Company
        1. Competition Characteristics
        2. Market Shares & Analysis
  12. North America Machine Vision Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Component- Market Size & Forecast 2019-2030, USD Million
      2. By End User- Market Size & Forecast 2019-2030, USD Million
      3. By Application- Market Size & Forecast 2019-2030, USD Million
      4. By Product Type- Market Size & Forecast 2019-2030, USD Million
      5. By Technology- Market Size & Forecast 2019-2030, USD Million
      6. By Deployment- Market Size & Forecast 2019-2030, USD Million
      7. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    4. Canada Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    5. Mexico Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
  13. South America Machine Vision Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Component- Market Size & Forecast 2019-2030, USD Million
      2. By End User- Market Size & Forecast 2019-2030, USD Million
      3. By Application- Market Size & Forecast 2019-2030, USD Million
      4. By Product Type- Market Size & Forecast 2019-2030, USD Million
      5. By Technology- Market Size & Forecast 2019-2030, USD Million
      6. By Deployment- Market Size & Forecast 2019-2030, USD Million
      7. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    4. Argentina Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
  14. Europe Machine Vision Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Component- Market Size & Forecast 2019-2030, USD Million
      2. By End User- Market Size & Forecast 2019-2030, USD Million
      3. By Application- Market Size & Forecast 2019-2030, USD Million
      4. By Product Type- Market Size & Forecast 2019-2030, USD Million
      5. By Technology- Market Size & Forecast 2019-2030, USD Million
      6. By Deployment- Market Size & Forecast 2019-2030, USD Million
      7. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Spain
        6. Others
    3. Germany Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    4. The UK Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    5. France Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    6. Italy Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    7. Spain Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
  15. The Middle East & Africa Machine Vision Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Size & Analysis
      1. By Component- Market Size & Forecast 2019-2030, USD Million
      2. By End User- Market Size & Forecast 2019-2030, USD Million
      3. By Application- Market Size & Forecast 2019-2030, USD Million
      4. By Product Type- Market Size & Forecast 2019-2030, USD Million
      5. By Technology- Market Size & Forecast 2019-2030, USD Million
      6. By Deployment- Market Size & Forecast 2019-2030, USD Million
      7. By Country
        1. The UAE
        2. Saudi Arabia
        3. South Africa
        4. Rest of the Middle East and Africa
    3. The UAE Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    4. Saudi Arabia Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    5. South Africa Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
  16. Asia-Pacific Machine Vision Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Units Sold (Thousands)
    2. Market Size & Analysis
      1. By Component- Market Size & Forecast 2019-2030, USD Million
      2. By End User- Market Size & Forecast 2019-2030, USD Million
      3. By Application - Market Size & Forecast 2019-2030, USD Million
      4. By Product Type- Market Size & Forecast 2019-2030, USD Million
      5. By Technology- Market Size & Forecast 2019-2030, USD Million
      6. By Deployment- Market Size & Forecast 2019-2030, USD Million
      7. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Others
    3. China Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    4. Japan Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    5. India Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    6. South Korea Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
    7. Australia Machine Vision Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Size & Analysis
        1. By Component- Market Size & Forecast 2019-2030, USD Million
        2. By End User- Market Size & Forecast 2019-2030, USD Million
  17. Global Machine Vision Market Key Strategic Imperatives for Success & Growth
  18. Competition Outlook
    1. Company Profile
      1. Cognex Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Basler AG
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Keyence Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Teledyne Technologies
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. TKH Group
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Omron Automation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Emerson Electric Co.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Sick Ag
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Sony Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Intel Corporation
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Texas Instruments Incorporated
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      12. Ametek Inc.
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      13. Qualitas Technologies Pvt Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      14. Baumer India Pvt Ltd
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      15. Optotune
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      16. Others
  19. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

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Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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