The global Machine Vision Market By 2024 is expected to witness significant growth, with its market size projected to increase from USD 9.01 billion in 2022 to 2030 by USD 16.82 billion. This reflects a compound annual growth rate (CAGR) of 8.2% over the forecast period. This report highlights industry growth trends, key drivers such as cost-effective solutions and sustainable practices, and emerging opportunities across residential, commercial, and industrial sectors.

The Machine Vision Market comprises key manufacturers such as Cognex Corporation (U.S.), Basler AG (Germany), Omron Corporation (Japan), Keyence (Japan), National Instruments (U.S.), Sony Corporation (Japan), Teledyne Technologies (U.S.), Texas Instruments (U.S.), Intel Corporation (U.S.), ViDi Systems SA (Switzerland) Expansions, collaborations, and deals were some of the major strategies adopted by these key players to enhance their positions in the Machine Vision Market.

Market Scope:

Featuring in-depth analysis and forward-looking projections, this report is an essential resource for stakeholders aiming to leverage emerging opportunities and address challenges in the Machine Vision Market. Key recent industry developments include;

  • German innovator in lighting technology SAC Sirius Advanced Cybernetics GmbH (“SAC”) has been acquired by Cognex. The acquisition broadens Cognex’s reach into sectors like automotive and consumer electronics that produce products quickly and with little tolerance for failures that endanger safety.
  • To support the NVIDIA® Jetson OrinTM Nano system-on-modules (SOMs), which have raised the bar for entry-level edge Artificial Intelligence (AI) and robotics, Basler introduced add-on camera kits with 5 and 13 MP.
  • The 2-megapixel Optimom from Teledyne e2v is a collection of turnkey optical modules that can be “instantly” integrated into embedded-vision systems. It has a compact board, an FPC connector that is widely used in the industry, an integrated low-noise global shutter image sensor from Teledyne e2v, and supplemental lenses.
  • The innovative “VT-S10 Series” PCB inspection system has been released by OMRON Corporation. With the help of this system, high-precision inspection of electronic substrates is automated without the need for specialized knowledge.
  • Cognex unveiled its newest line of portable barcode scanners, the DataMan 8700 Series, which is based on a brand-new technology platform. The apparatus offers state-of-the-art performance and is incredibly easy to use, requiring no prior tuning or operator training.

Machine Vision Market Highlights:

The report provides valuable insights into the Compound Annual Growth Rate (CAGR) of the Machine Vision Market, projecting its growth from 2022 to 2030. It offers a comprehensive analysis of the key drivers fueling market expansion, highlighting the factors that will propel growth during the forecast period. Additionally, the report delivers precise estimates of the market size and share, helping stakeholders understand the Machine Vision Market’s position in the broader industry.

Future trends and consumer behavior forecasts are also covered, offering a forward-looking perspective on market shifts. The report includes a regional growth analysis, breaking down the performance of the Machine Vision Market across;

  • North America (By Type, System, Industry and Country)
    • U.S. (By System)
    • Canada (By System)
    • Mexico (By System)
  • Europe (By Type, System, Industry and Country)
    • U.K. (By System)
    • Germany (By System)
    • France (By System)
    • Italy (By System)
    • Spain (By System)
    • Russia (By System)
    • Benelux (By System)
    • Nordics (By System)
    • Rest of Europe
  • Asia Pacific (By Type, System, Industry and Country)
    • China (By System)
    • India (By System)
    • Japan (By System)
    • South Korea (By System)
    • ASEAN (By System)
    • Oceania (By System)
    • Rest of Asia Pacific
  • The Middle East & Africa (By Type, System, Industry and Country)
    • South Africa (By System)
    • North Africa (By System)
    • GCC (By System)
    • Israel (By System)
    • Turkey (By System)
    • Rest of the Middle East & Africa
  • South America (By Type, System, Industry and Country)
    • Brazil (By System)
    • Argentina (By System)
    • Rest of Latin America

Segmentation of this market:

Machine Vision Market Size, Share & COVID-19 Impact Analysis, By Type (1-D Vision System, 2-D Vision System, and 3-D Vision System), By System (PC based, Smart Camera, and Others), By Industry (Semiconductor, Healthcare, Automotive, Manufacturing, and Others), and Regional Forecast, 2023-2030

Explore a comprehensive Table of Contents, featuring detailed charts, tables, and figures, spread across 120+ pages. This report offers exclusive data, key statistics, industry trends, and insights into the competitive landscape within this niche sector.

Table of Contents:

  • Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Drivers
    • Restraints
    • Opportunities
  • Key Insights
  • Industry Developments – Mergers, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Advancements
  • Value Chain Analysis

TOC Continued…!

Drivers & Restrains:

  • Drivers:
    • Growing demand for automation and quality control in manufacturing processes.
    • Advancements in artificial intelligence and deep learning enhancing machine vision capabilities.
  • Restraints:
    • High implementation costs and complexity of integrating machine vision systems into existing processes.
    • Lack of skilled workforce to operate and maintain advanced machine vision technologies.

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