Global Machine Vision Market 2020-2024

Machine Vision Market 2020-2024

Technavio has been monitoring the machine vision market and it is poised to grow by $ 4.42 billion during 2020-2024 progressing at a CAGR of 8% during the forecast period. Our reports on machine vision market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the significant cost savings in operation due to process control, rise in demand for machine vision systems from APAC, and increasing demand for machine vision systems from automotive industry. In addition, significant cost savings in operation due to process control is anticipated to boost the growth of the market as well.

The machine vision market analysis includes end-user segment and geographic landscapes

Technavio's machine vision market is segmented as below:

By End-user

  • Industrial
  • Non-industrial
By Geographic landscapes
  • APAC
  • Europe
  • North America
  • South America
  • MEA
This study identifies the incorporation of thermal inspection in machine vision systems as one of the prime reasons driving the machine vision market growth during the next few years. Also, requirement from vision guided robots in manufacturing activities, and rise in demand for industrial internet of things will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our machine vision market covers the following areas:
  • Machine vision market sizing
  • Machine vision market forecast
  • Machine vision market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading machine vision market vendors that include Basler AG, Cognex Corp., Datalogic Spa, FLIR Systems Inc., JAI AS, Keyence Corp., OMRON Corp., Sony Corp., Teledyne DALSA Inc., and Toshiba Teli Corp.. Also, the machine vision market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
    • Market characteristics
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Industrial machinery
      • Inputs
      • Inbound logistics
      • Operations
      • Outbound logistics
      • Marketing and sales
      • Aftermarket and service
      • Industry innovations:
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ million)
      • Table Global - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
      • Need for machine vision
      • Factors driving investments in global machine vision market
        • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by End-user
    • Market segments
      • Table End-user - Market share 2019-2024 (%)
      • Table Segmentation by end-user
    • Comparison by End-user
      • Table Comparison by End-user
    • Industrial - Market size and forecast 2019-2024
      • Table Industrial - Market size and forecast 2019-2024 ($ million)
      • Table Industrial - Market size and forecast 2019-2024 ($ million) exclusive of COVID- 19 Impact
      • Table Industrial - Year-over-year growth 2019-2024 (%)
    • Non-industrial - Market size and forecast 2019- 2024
      • Table Non-industrial - Market size and forecast 2019-2024 ($ million)
      • Table Non-industrial - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
      • Table Non-industrial - Year-over-year growth 2019-2024 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user
  • Market Segmentation by Type
    • Market segments
      • Table Type - Market share 2019-2024 (%)
      • Table Segmentation by type
    • Comparison by Type
      • Table Comparison by Type
    • Vision system - Market size and forecast 2019- 2024
      • Table Vision system - Market size and forecast 2019-2024 ($ million)
      • Table Vision system - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
      • Table Vision system - Year-over-year growth 2019-2024 (%)
    • Cameras - Market size and forecast 2019-2024
      • Table Cameras - Market size and forecast 2019-2024 ($ million)
      • Table Cameras - Market size and forecast 2019-2024 ($ million) exclusive of COVID- 19 Impact
      • Table Cameras - Year-over-year growth 2019-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ million)
      • Table Others - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
      • Table Others - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
      • Table Geography segmentation
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table APAC - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Europe - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table North America - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
      • Table North America - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table South America - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
      • Table South America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table MEA - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 Impact
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Significant cost savings in operation due to process control
      • Rise in demand for machine vision systems from APAC
      • Increasing demand for machine vision systems from automotive industry
      • Growing use of machine vision systems in different non-industrial sectors
      • Stringent regulatory policy for food, automotive, and pharma industries
    • Market challenges
      • Intense competition
      • Non-conformance can lead to heavy loss
      • Developing smart cameras at lower price
      • Patent infringement curbing the profit
        • Table Impact of drivers and challenges
    • Market trends
      • Incorporation of thermal inspection in machine vision systems
      • Requirement from vision guided robots in manufacturing activities
      • Rise in demand for Industrial Internet of Things
      • Advancement in high-speed application
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Basler AG
      • Table Basler AG – Overview
      • Table Basler AG - Product and service
      • Table Basler AG – Key news
      • Table Basler AG - Key offerings
      • Table Basler AG - Segment focus
    • Cognex Corp.
      • Table Cognex Corp. – Overview
      • Table Cognex Corp. - Business segments
      • Table Cognex Corp. – Key news
      • Table Cognex Corp. - Key offerings
      • Table Cognex Corp. - Segment focus
    • Datalogic Spa
      • Table Datalogic Spa – Overview
      • Table Datalogic Spa - Business segments
      • Table Datalogic Spa – Key news
      • Table Datalogic Spa - Key offerings
      • Table Datalogic Spa - Segment focus
    • FLIR Systems Inc.
      • Table FLIR Systems Inc. – Overview
      • Table FLIR Systems Inc. - Business segments
      • Table FLIR Systems Inc. – Key news
      • Table FLIR Systems Inc. - Key offerings
      • Table FLIR Systems Inc. - Segment focus
    • JAI AS
      • Table JAI AS – Overview
      • Table JAI AS - Product and service
      • Table JAI AS – Key news
      • Table JAI AS - Key offerings
    • Keyence Corp.
      • Table Keyence Corp. – Overview
      • Table Keyence Corp. - Product and service
      • Table Keyence Corp. – Key news
      • Table Keyence Corp. - Key offerings
    • OMRON Corp.
      • Table OMRON Corp. – Overview
      • Table OMRON Corp. - Business segments
      • Table OMRON Corp. – Key news
      • Table OMRON Corp. - Key offerings
      • Table OMRON Corp. - Segment focus
    • Sony Corp.
      • Table Sony Corp. – Overview
      • Table Sony Corp. - Business segments
      • Table Sony Corp. – Key news
      • Table Sony Corp. - Key offerings
      • Table Sony Corp. - Segment focus
    • Teledyne DALSA Inc.
      • Table Teledyne DALSA Inc. – Overview
      • Table Teledyne DALSA Inc. - Product and service
      • Table Teledyne DALSA Inc. – Key news
      • Table Teledyne DALSA Inc. - Key offerings
    • Toshiba Teli Corp.
      • Table Toshiba Teli Corp. – Overview
      • Table Toshiba Teli Corp. - Product and service
      • Table Toshiba Teli Corp. - Key offerings
  • Appendix
    • Scope of the report
      • Market Definition
      • Objectives
      • Notes and Caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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