Report Ocean introduces a fresh report examining the Machine Vision Market, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Machine Vision Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
Global Machine Vision Market is valued at approximately USD 13.23 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.7% over the forecast period 2022-2029. Machine Vision is a technology based on automation that is it provides automatic inspection, quality control, defect detection and guidance. Machine vision technology is faster, works continuously and efficiently as compared to human inspectors. It more is more reliable and can inspect hundreds or thousands of parts at a single time. It is a complete solution with acquiring an image to connecting it with the management information system. Additionally, the growing industrial automation and rapid adoption of robots system is are fueling the market for Machine Vision Market.
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The industrial automation market is growing rapidly with a CAGR of 9%, in 2025 the market size is expected to reach around USD 265 billion. The difficulties and unreliability in detecting the defects through a the human eye is are driving the market for Machine Vision Market. It is replacing the manual work due to its reliable and efficient results. The emerging demand of for robot system systems is playing a major role in creating market demand for Machine Vision Technology. The need for a robotic system providing vision guidance in several industries such as food, pharmaceuticals and chemicals is boosting the demand. The robotic market was expanding with a CAGR of 10% and is expected to reach nearly 70.6 Billion U.S. Dollars by 2028. According to Statista, in 2019 South Korea witnessed the installation of more than 850 robots per 10,000 workers in the production and manufacturing sector. Moreover, the increasing need for reliable quality inspection, and production and, continuous innovative developments and upgrades in machine vision technology are certain factors creating major market opportunities in the forecast period. is fueling the market demand. However, the high cost of Machine Vision stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Machine Vision Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific dominated the market for Machine Vision with a CAGR of 40.0%. The growing adoption of this technology in industries such as automotive and pharmaceuticals is fueling the demand. The technologies are emerging at a faster pace as this region is the global manufacturing hub. Investments by the government of emerging countries and investment investments in R&D by major market players is are playing a major role. North America is anticipated to be the fastest-growing region due to the extensive use of Artificial intelligence (AI) and Machine Learning (ML) by the population. Strategic initiatives and investment investments by prominent players is are increasing the market demand.
Major market players included in this report are:
Allied Vision Technologies GmbH
Basler AG
Cognex Corporation
Keyence Corporation
LMI Technologies, Inc.
Teledyne Technologies Inc Microscan Systems, Inc.
National Instruments Corporation
OMRON Corporation
Sick AG
Intel Corporation
Keyence Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporatespotential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Offering offerings of key players.
The detailed segments and sub-segment of the market are explained below.
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 Industry:
Automotive
Pharmaceuticals & Chemicals
Electronics & Semiconductor
Pulp & Paper
Printing & Labeling
Food & Beverage
Glass & Metal
Postal & Logistics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Reasons to Consider Purchasing the Machine Vision Market Report:
Comprehensive Market Insights: Delve into the depths of the Machine Vision Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Machine Vision market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making: Leverage the report’s critical information and data-driven insights to facilitate informed investment choices within the Machine Vision market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Machine Vision market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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