Report Description

The global machine vision market is predicted to proliferate during the forecast period due to growing Industry 4.0 developments that are uplifting the manufacturing sector. Industrial Internet of Things (IIoT), digital transformation, cyber-physical systems and predictive maintenance are growing to meet the need for smart and connected production systems along with the development of more complex machinery. Machine Vision or Computer Vision enables machines to identify objects, analyze scenes and activities in real-life visual environments. Machine vision is a technique that uses image processing to enable automatic inspection and analysis for applications such as automatic inspection, process control, and robotic guiding. Machine vision is a technological competence that utilizes current technologies in novel ways to address issues in the real world. Machine vision is becoming more and more common in contexts where industrial automation occurs, as well as in other sectors including security, autonomous driving, the food industry, packaging, logistics, and even in robots and drones. Companies are progressively adopting mission vision to reduce human involvement in a manufacturing process by bringing additional safety and operational benefits in industrial settings. Numerous innovations carried out in smart camera prevalence, optics and lighting, website browser interfaces and artificial intelligence (AI) and machine learning (ML) technologies are expected to enhance the features of machine vision. This, in turn, is expected to drive market growth during the forecast period.

The global machine vision market has witnessed significant growth in the last few years. The increase in the need for adoption of artificial intelligence (AI) in machine vision and integration of machine vision system into electronic devices such as smart cameras along with the proliferation in automated quality inspection technologies have led to increase in product and service demand. In addition, the growth of this market is attributed to the growing preference of individuals and service providers for self-driving vehicles as the number of autonomous cars, robotic cars or driver-less cars are gaining attraction among customers. Moreover, growing demand for automated quality inspection technologies are also expected to witness significant demand in the future. Furthermore, machine vision is gaining popularity as businesses are facilitating the extensive use of automation, the use of machine vision in industrial settings such as retail and manufacturing is growing rapidly and ensuring the quality of packaging, assembling product and components, and reducing defects. The use of machine vision enables organizations to deliver timely services at reduced costs.

Industry 4.0 Developments are Uplifting Manufacturing Sector

Industrial revolutions have come a long way since 1784. Industry 4.0, the current trend of automation and data exchange in manufacturing technologies includes technologies such as Industrial internet of things (IIoT), integration of cyber-physical systems (CPS) into cyber physical production systems (CPPS), machine vision and many more. Machine vision technology is essential for providing imaging-based automatic inspection and analysis. The technology is constantly developing, both in terms of its inherent capabilities and its capacity to benefit various industries, including manufacturing. Moreover, the utilization of 3D machine vision and smart factory initiatives are unlocking the opportunities to gain better profit margin. Several enterprises are adopting machine vision enabled with robotics automation systems to increase their productivity, quality and efficiency by capturing the data, making the smart factory a reality. Furthermore, the use of machine vision to do quality control during manufacturing makes it easier to spot product differences in real-time. For instance, industries that manufacture goods with specific dimensions such as piping, and paver blocks are incorporating 3D machine vision for quality assurance as these technologies are helpful to generate real-time measurements of the product dimensions during early stage. Unacceptable changes in the product's dimensions can cause the manufacturing line to be shut down and an urgent notice to the operator. Thus, industry 4.0 developments are uplifting the manufacturing sector and driving the growth of global machine vision market in the forecast period.

Increasing Demand for Vision-guided Robotic Systems

Systems for industrial robots with machine vision are called "vision-guided robotic systems." Due to its high level of integration, versatility, and bin-picking simplicity, this system is being adopted quickly. Although fixed robotic procedures were prevalent, machine vision is now used in industrial robots to direct items to a certain area or portion for further operations like pick, place, or welding. Depalletizing packages that are arbitrarily stacked or combined has therefore seen an increase in applications because of this. Robotic vision enables high-quality production while also streamlining and saving money on the manufacturing process. Because of this, there is a higher need for vision-guided robotic systems for pick and sort applications. Therefore, increasing machine vision-guided for robotics systems demands are expected to grow the adoption of machine vision in the global market.

Rising Demand for Automated Quality Inspection Technologies is Stimulating the Market Growth

A machine vision inspection system reveals flaws in manufacturing products such as defects, contamination, functional issues, and other anomalies. Quality control inspection is one of the most crucial steps in the production process. Manual inspection takes a lot of time, has high personnel expenses, and is prone to mistakes. So, it becomes crucial for manufacturers to spend money on top-notch quality control systems for minimizing losses and reducing errors. As a result, automation technologies are being used in industries all over the world. Using a set of instructions or programs, automation enables machines to carry out a repeating set of tasks with little to no user assistance. Automation facilitates large manufacturing and offers rigorous product testing. For instance, using 3D machine vision makes it simpler to check that items don't have any major flaws, misaligned pieces, or missing parts. Due to the increased use of automation throughout the world, the global machine vision market is therefore anticipated to have considerable development during the projected period.

Recent Advancements

·         In June 24, 2023, Zebra Technologies announced the launch of Advanced Tier of its Machine Vision Specialization program for industrial automation and machine vision specialization. By the purchase of Matrox Imaging in the middle of 2022, the tier grants access to new, highly specialized products and solutions within Zebra's quickly growing machine vision portfolio.

·         In December 07, 2022, SiLC Technologies, Inc. (SiLC) announced the launch of industry’s most compact and powerful coherent vision system “EyeonicTM Vision System”. The new system blends the business' special photonics technology into the first turnkey vision solution to hit the market, boasts the greatest resolution, highest accuracy, and longest range, and is still the only FMCW LiDAR solution to provide polarization data.

·         In November 22, 2022, MVTec Software GmbH announced the launch of a new version (22.11) of its HALCON machine vision toolbox. The new functionality includes 3D Gripping Point Detection, which finds surfaces on items that are good for suction-based grasping, like in bin picking applications. The capability does away with the necessity to train the programme on object surfaces.


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Market Segmentation

Based on component, the market is segmented into hardware and software. Based on type, the market is segmented into 1-D vision system, 2-D vision system, & 3-D vision system. Based on product type, the market is segmented into pc-based, smart camera based. Based on deployment type, the market is segmented into general, robotic cell. Based on application, the market is segmented into quality assurance and inspection, positioning and guidance, measurement, identification. Based on vertical, the market is further split into semiconductor & electronics, automotive, retail & consumer goods, food & packaging, solar panel manufacturing, machinery, and others.

Company Profiles

Cognex Corporation, Allied Vision Technologies GmbH, Basler AG, National Instruments Corporation, Tordivel AS, OMRON Corporation, Keyence Corporation, LMI Technologies, Inc., Microscan Systems, Inc., and Sick AG. are among the major players that are driving the growth of the global machine vision market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Component

By Type

By Product Type

By Deployment Type

By Application

By Vertical

By Region

Regional Scope

Asia-Pacific, North America, Europe, Middle East & Africa, and South America

Country Scope

China, Japan, India, Australia, South Korea, United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Israel, Turkey, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Colombia

Key Companies Profiled

Cognex Corporation, Allied Vision Technologies GmbH, Basler AG, National Instruments Corporation, Tordivel AS, OMRON Corporation, Keyence Corporation, LMI Technologies, Inc., Microscan Systems, Inc., and Sick AG.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the global machine vision market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Machine Vision Market, By Component:
    • Hardware
    • Software
  •  Machine Vision Market, By Type:
    • 1-D Vision System
    • 2-D Vision System
    • 3-D Vision System
  •  Machine Vision Market, By Product Type:
    • PC-Based
    • Smart Camera-Based
  •  Machine Vision Market, By Deployment Type:
    • General
    • Robotic Cell
  •  Machine Vision Market, By Application:
    • Quality Assurance and Inspection
    • Positioning and Guidance
    • Measurement
    • Identification
  • Machine Vision Market, By Vertical:
    • Semiconductor & Electronics
    • Automotive
    • Retail & Consumer Goods
    • Food & Packaging
    • Solar Panel Manufacturing
    • Machinery
    • Others
  • Machine Vision Market, By Region:
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Italy
    • Middle East & Africa
      • Israel
      • Turkey
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global Machine Vision market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Machine Vision Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customer

4.1.  Brand Awareness

4.2.  Key Factors for Selecting Vendor

4.3.  Key Satisfaction Level

4.4.  Key Challenges Faced

5.    Global Machine Vision Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Component (Hardware, Software)

5.2.2.    By Type (1-D Vision System, 2-D Vision System, & 3-D Vision System)

5.2.3.    By Product Type (PC-Based, Smart Cameras-Based)

5.2.4.    By Deployment Type (General, Robotic Cell)

5.2.5.    By Application (Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification)

5.2.6.    By Vertical (Semiconductor & Electronics, Automotive, Retail & Consumer Goods, Food & Packaging, Solar Panel Manufacturing, Machinery, Others)

5.2.7.    By Region

5.2.8.    By Company

5.3.  Market Map

6.    North America Machine Vision Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Component

6.2.2.    By Type

6.2.3.    By Product Type

6.2.4.    By Deployment Type

6.2.5.    By Application

6.2.6.    By Vertical

6.2.7.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Machine Vision Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value 

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Component

6.3.1.2.2.           By Type

6.3.1.2.3.           By Product Type

6.3.1.2.4.           By Deployment Type

6.3.1.2.5.           By Application

6.3.1.2.6.           By Vertical

6.3.2.    Canada Machine Vision Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value 

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Component

6.3.2.2.2.           By Type

6.3.2.2.3.           By Product Type

6.3.2.2.4.           By Deployment Type

6.3.2.2.5.           By Application

6.3.2.2.6.           By Vertical

6.3.3.    Mexico Machine Vision Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value 

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Component

6.3.3.2.2.           By Type

6.3.3.2.3.           By Product Type

6.3.3.2.4.           By Deployment Type

6.3.3.2.5.           By Application

6.3.3.2.6.           By Vertical

7.    Asia-Pacific Machine Vision Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component

7.2.2.    By Type

7.2.3.    By Product Type

7.2.4.    By Deployment Type

7.2.5.    By Application

7.2.6.    By Vertical

7.2.7.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Machine Vision Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Component

7.3.1.2.2.           By Type

7.3.1.2.3.           By Product Type

7.3.1.2.4.           By Deployment Type

7.3.1.2.5.           By Application

7.3.1.2.6.           By Vertical

7.3.2.    Japan Machine Vision Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Component

7.3.2.2.2.           By Type

7.3.2.2.3.           By Product Type

7.3.2.2.4.           By Deployment Type

7.3.2.2.5.           By Application

7.3.2.2.6.           By Vertical

7.3.3.    South Korea Machine Vision Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Component

7.3.3.2.2.           By Type

7.3.3.2.3.           By Product Type

7.3.3.2.4.           By Deployment Type

7.3.3.2.5.           By Application

7.3.3.2.6.           By Vertical

7.3.4.    India Machine Vision Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value 

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Component

7.3.4.2.2.           By Type

7.3.4.2.3.           By Product Type

7.3.4.2.4.           By Deployment Type

7.3.4.2.5.           By Application

7.3.4.2.6.           By Vertical

7.3.5.    Australia Machine Vision Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value 

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Component

7.3.5.2.2.           By Type

7.3.5.2.3.           By Product Type

7.3.5.2.4.           By Deployment Type

7.3.5.2.5.           By Application

7.3.5.2.6.           By Vertical

8.    Europe Machine Vision Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Type

8.2.3.    By Product Type

8.2.4.    By Deployment Type

8.2.5.    By Application

8.2.6.    By Vertical

8.2.7.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Machine Vision Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Component

8.3.1.2.2.           By Type

8.3.1.2.3.           By Product Type

8.3.1.2.4.           By Deployment Type

8.3.1.2.5.           By Application

8.3.1.2.6.           By Vertical

8.3.2.    United Kingdom Machine Vision Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Component

8.3.2.2.2.           By Type

8.3.2.2.3.           By Product Type

8.3.2.2.4.           By Deployment Type

8.3.2.2.5.           By Application

8.3.2.2.6.           By Vertical

8.3.3.    France Machine Vision Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Component

8.3.3.2.2.           By Type

8.3.3.2.3.           By Product Type

8.3.3.2.4.           By Deployment Type

8.3.3.2.5.           By Application

8.3.3.2.6.           By Vertical

8.3.4.    Italy Machine Vision Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Component

8.3.4.2.2.           By Type

8.3.4.2.3.           By Product Type

8.3.4.2.4.           By Deployment Type

8.3.4.2.5.           By Application

8.3.4.2.6.           By Vertical

8.3.5.    Spain Machine Vision Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Component

8.3.5.2.2.           By Type

8.3.5.2.3.           By Product Type

8.3.5.2.4.           By Deployment Type

8.3.5.2.5.           By Application

8.3.5.2.6.           By Vertical

9.    South America Machine Vision Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Component

9.2.2.    By Type

9.2.3.    By Product Type

9.2.4.    By Deployment Type

9.2.5.    By Application

9.2.6.    By Vertical

9.2.7.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Machine Vision Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Component

9.3.1.2.2.           By Type

9.3.1.2.3.           By Product Type

9.3.1.2.4.           By Deployment Type

9.3.1.2.5.           By Application

9.3.1.2.6.           By Vertical

9.3.2.    Argentina Machine Vision Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Component

9.3.2.2.2.           By Type

9.3.2.2.3.           By Product Type

9.3.2.2.4.           By Deployment Type

9.3.2.2.5.           By Application

9.3.2.2.6.           By Vertical

9.3.3.    Colombia Machine Vision Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Component

9.3.3.2.2.           By Type

9.3.3.2.3.           By Product Type

9.3.3.2.4.           By Deployment Type

9.3.3.2.5.           By Application

9.3.3.2.6.           By Vertical

10. Middle East & Africa Machine Vision Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Component

10.2.2. By Type

10.2.3. By Product Type

10.2.4. By Deployment Type

10.2.5. By Application

10.2.6. By Vertical

10.2.7. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1. Israel Machine Vision Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Component

10.3.1.2.2.         By Type

10.3.1.2.3.         By Product Type

10.3.1.2.4.         By Deployment Type

10.3.1.2.5.         By Application

10.3.1.2.6.         By Vertical

10.3.2. Turkey Machine Vision Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Component

10.3.2.2.2.         By Type

10.3.2.2.3.         By Product Type

10.3.2.2.4.         By Deployment Type

10.3.2.2.5.         By Application

10.3.2.2.6.         By Vertical

10.3.3. UAE Machine Vision Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Component

10.3.3.2.2.         By Type

10.3.3.2.3.         By Product Type

10.3.3.2.4.         By Deployment Type

10.3.3.2.5.         By Application

10.3.3.2.6.         By Vertical

10.3.4. Saudi Arabia Machine Vision Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value 

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Component

10.3.4.2.2.         By Type

10.3.4.2.3.         By Product Type

10.3.4.2.4.         By Deployment Type

10.3.4.2.5.         By Application

10.3.4.2.6.         By Vertical

11. Market Dynamics

11.1.             Drivers

11.1.1. Industry 4.0 Developments are Uplifting Manufacturing Sector

11.1.2. Increasing demand for Vision-guided Robotic Systems

11.1.3. Rising Demand for Automated Quality Inspection Technologies is Stimulating the Market Growth

11.2.             Challenges

11.2.1. Lack of Skilled Professionals in Manufacturing Factories

11.2.2. Unavailability of Flexible Machine Vision Solutions

12. Market Trends & Developments

12.1.         Increasing Machine Vision/ Computer Vision Demands on Autonomous Vehicles

12.2.         Rising Adoption of Machine Vision Systems in Food Industry

12.3.         Growing Government Initiatives to Support Industrial Automation

12.4.         Emergence of Miniature Smart Cameras and Processors

12.5.         Surging Demand for Hybrid and Electric Cars

13. Company Profiles

13.1.             Cognex Corporation

13.1.1.    Business Overview

13.1.2.    Key Revenue (If Available)

13.1.3.    Recent Developments

13.1.4.    Key Personnel

13.1.5.    Key Product/Service Offered

13.2.             Allied Vision Technologies GmbH

13.2.1.    Business Overview

13.2.2.    Key Revenue (If Available)

13.2.3.    Recent Developments

13.2.4.    Key Personnel

13.2.5.    Key Product/Service Offered

13.3.                Basler AG

13.3.1.    Business Overview

13.3.2.    Key Revenue (If Available)

13.3.3.    Recent Developments

13.3.4.    Key Personnel

13.3.5.    Key Product/Service Offered

13.4.                National Instruments Corporation

13.4.1.    Business Overview

13.4.2.    Key Revenue (If Available)

13.4.3.    Recent Developments

13.4.4.    Key Personnel

13.4.5.    Key Product/Service Offered

13.5.                Tordivel AS

13.5.1.    Business Overview

13.5.2.    Key Revenue (If Available)

13.5.3.    Recent Developments

13.5.4.    Key Personnel

13.5.5.    Key Product/Service Offered

13.6.                OMRON Corporation

13.6.1.    Business Overview

13.6.2.    Key Revenue (If Available)

13.6.3.    Recent Developments

13.6.4.    Key Personnel

13.6.5.    Key Product/Service Offered

13.7.                Keyence Corporation

13.7.1.    Business Overview

13.7.2.    Key Revenue (If Available)

13.7.3.    Recent Developments

13.7.4.    Key Personnel

13.7.5.    Key Product/Service Offered

13.8.                LMI Technologies, Inc.

13.8.1.    Business Overview

13.8.2.    Key Revenue (If Available)

13.8.3.    Recent Developments

13.8.4.    Key Personnel

13.8.5.    Key Product/Service Offered

13.9.                Microscan Systems, Inc.

13.9.1.    Business Overview

13.9.2.    Key Revenue (If Available)

13.9.3.    Recent Developments

13.9.4.    Key Personnel

13.9.5.    Key Product/Service Offered

13.10.          Sick AG

13.10.1. Business Overview

13.10.2. Key Revenue (If Available)

13.10.3. Recent Developments

13.10.4. Key Personnel

13.10.5. Key Product/Service Offered

14. Strategic Recommendations

14.1.         Fastest Growing Market by Component

14.2.         Dominating Market by Vertical

14.3.         Dominating Market by Region & Country

15. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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Key players in the market are Cognex Corporation, Allied Vision Technologies GmbH, Basler AG, National Instruments Corporation, Tordivel AS, OMRON Corporation, Keyence Corporation, LMI Technologies, Inc., Microscan Systems, Inc., Sick AG and among others.

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The main types are semiconductor & electronics, automotive, retail & consumer goods, food & packaging, solar panel manufacturing, machinery, and others.

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The machine vision advantages include lower cost than human workers, reduction in production costs, lower capital equipment costs, improvement in efficiency, elimination of human errors and among others.

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The growing digitalization and increasing adoption of advanced technologies, increase usage of quality assurance and inspection technologies and increasing adoption of autonomous driving vehicles are expected to be the main drivers for the growth of the Global Machine Vision Market during the forecast period.

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Sakshi Bajaal

Business Consultant
Press Release

Machine Vision Market to be Dominated by increasing Vision-guided Robotic Systems Through 2028

May, 2023

Industry 4.0 developments are uplifting the manufacturing sector and are driving the implementation of machine vision technology across the globe.