
Global Machine Vision Market Forecast 2023-2032
Description
Global Machine Vision Market Forecast 2023-2032
KEY FINDINGS
The global machine vision market is forecasted to register a CAGR of 5.54% during the forecast period, 2023 to 2032. Some of the top factors boosting the market’s growth include the growing need for smart factories, the broadening applications of MV systems, as well as the extending requirements for efficient defect detection.
MARKET INSIGHTS
A machine vision system (MVS) is a cutting-edge technology that enables computing devices to identify, evaluate, and inspect both still and moving images. This sophisticated system involves the seamless integration of crucial components, including digital cameras, advanced image processing hardware, and specialized software.
While the automotive, electronics, and semiconductor industries have traditionally been the primary users of machine vision systems, the demand has expanded significantly as more non-traditional sectors recognize the benefits of using cameras and machine vision technology for their specific requirements. As a result, the demand for MV systems has seen a remarkable upsurge.
Notably, industries like pharmaceuticals have embraced machine vision systems due to increased global regulations that necessitate strict quality control and meticulous traceability at every stage of the manufacturing process, from drug synthesis to final packaging. Compliance with FDA regulations, for example, mandates that each product must be traceable by serial number, manufacturing facility, batch number, and date, fostering accountability and bolstering consumer confidence in the products they use.
REGIONAL INSIGHTS
The global machine vision market growth analysis covers the in-depth study of the Asia-Pacific, Europe, North America, and Rest of World. Asia-Pacific is set to rise with the highest CAGR over the forecast period. The region’s market growth is fueled by the high outsourcing of manufacturing activities to the Asia-Pacific as well as the increase in government initiatives.
COMPETITIVE INSIGHTS
The industrial rivalry in the global machine vision market is set to be high over the projection period. Moreover, some of the major players operating in the global market include Keyence Corporation, Optotune AG, ISRA Vision AG, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
224 Pages
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 2.3. Scope Of Study
- 2.4. Crisis Scenario Analysis
- 2.4.1. Impact Of Covid-19 On Global Machine Vision Market
- 2.5. Major Market Findings
- 2.5.1. Rising Need For Proper Defect Detection
- 2.5.2. 3d Measurement Is The Fastest-evolving Type
- 2.5.3. Growing Automation In Industrial Applications
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Growing Need For Smart Factories
- 3.1.2. Broadening Applications Of Mv Systems
- 3.1.3. Extending Requirements For Efficient Defect Detection
- 3.2. Key Restraints
- 3.2.1. Inadequate Expertise
- 3.2.2. Absence Of Awareness About Mv System Benefits
- 3.2.3. Implementation Difficulties
- 3.2.4. Lack Of Standardization
- 4. Key Analytics
- 4.1. Key Market Trends
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Buyers Power
- 4.2.2. Suppliers Power
- 4.2.3. Substitution
- 4.2.4. New Entrants
- 4.2.5. Industry Rivalry
- 4.3. Growth Prospect Mapping
- 4.4. Market Maturity Analysis
- 4.5. Market Concentration Analysis
- 4.6. Key Buying Criteria
- 4.6.1. Accuracy
- 4.6.2. Cost Effectiveness
- 4.6.3. Flexibility
- 5. Market By Type
- 5.1. 1d Machine Vision
- 5.1.1. Market Forecast Figure
- 5.1.2. Segment Analysis
- 5.2. 2d Machine Vision
- 5.2.1. Market Forecast Figure
- 5.2.2. Segment Analysis
- 5.3. 3d Machine Vision
- 5.3.1. Market Forecast Figure
- 5.3.2. Segment Analysis
- 6. Market By Component
- 6.1. Hardware
- 6.1.1. Asmv
- 6.1.1.1. Market Forecast Figure
- 6.1.1.2. Segment Analysis
- 6.1.2. Cameras
- 6.1.2.1. Market Forecast Figure
- 6.1.2.2. Segment Analysis
- 6.1.3. Sensors
- 6.1.3.1. Market Forecast Figure
- 6.1.3.2. Segment Analysis
- 6.1.4. Illuminations
- 6.1.4.1. Market Forecast Figure
- 6.1.4.2. Segment Analysis
- 6.1.5. Processors
- 6.1.5.1. Market Forecast Figure
- 6.1.5.2. Segment Analysis
- 6.1.6. Other Hardware Components
- 6.1.6.1. Market Forecast Figure
- 6.1.6.2. Segment Analysis
- 6.2. Software
- 7. Market By Application
- 7.1. Inspection
- 7.1.1. Market Forecast Figure
- 7.1.2. Segment Analysis
- 7.2. Gauging
- 7.2.1. Market Forecast Figure
- 7.2.2. Segment Analysis
- 7.3. Guidance
- 7.3.1. Market Forecast Figure
- 7.3.2. Segment Analysis
- 7.4. Identification
- 7.4.1. Market Forecast Figure
- 7.4.2. Segment Analysis
- 7.5. Other Applications
- 7.5.1. Market Forecast Figure
- 7.5.2. Segment Analysis
- 8. Market By Industry Vertical
- 8.1. Automotive
- 8.1.1. Market Forecast Figure
- 8.1.2. Segment Analysis
- 8.2. Electronics & Semiconductor
- 8.2.1. Market Forecast Figure
- 8.2.2. Segment Analysis
- 8.3. Healthcare
- 8.3.1. Market Forecast Figure
- 8.3.2. Segment Analysis
- 8.4. Food & Packaging
- 8.4.1. Market Forecast Figure
- 8.4.2. Segment Analysis
- 8.5. Other Industry Verticals
- 8.5.1. Market Forecast Figure
- 8.5.2. Segment Analysis
- 9. Geographical Analysis
- 9.1. North America
- 9.1.1. Market Size & Estimates
- 9.1.2. North America Machine Vision Market Drivers
- 9.1.3. North America Machine Vision Market Challenges
- 9.1.4. Key Players In North America Machine Vision Market
- 9.1.5. Country Analysis
- 9.1.5.1. United States
- 9.1.5.1.1. United States Machine Vision Market Size & Opportunities
- 9.1.5.2. Canada
- 9.1.5.2.1. Canada Machine Vision Market Size & Opportunities
- 9.2. Europe
- 9.2.1. Market Size & Estimates
- 9.2.2. Europe Machine Vision Market Drivers
- 9.2.3. Europe Machine Vision Market Challenges
- 9.2.4. Key Players In Europe Machine Vision Market
- 9.2.5. Country Analysis
- 9.2.5.1. United Kingdom
- 9.2.5.1.1. United Kingdom Machine Vision Market Size & Opportunities
- 9.2.5.2. Germany
- 9.2.5.2.1. Germany Machine Vision Market Size & Opportunities
- 9.2.5.3. France
- 9.2.5.3.1. France Machine Vision Market Size & Opportunities
- 9.2.5.4. Spain
- 9.2.5.4.1. Spain Machine Vision Market Size & Opportunities
- 9.2.5.5. Italy
- 9.2.5.5.1. Italy Machine Vision Market Size & Opportunities
- 9.2.5.6. Rest Of Europe
- 9.2.5.6.1. Rest Of Europe Machine Vision Market Size & Opportunities
- 9.3. Asia-pacific
- 9.3.1. Market Size & Estimates
- 9.3.2. Asia-pacific Machine Vision Market Drivers
- 9.3.3. Asia-pacific Machine Vision Market Challenges
- 9.3.4. Key Players In Asia-pacific Machine Vision Market
- 9.3.5. Country Analysis
- 9.3.5.1. China
- 9.3.5.1.1. China Machine Vision Market Size & Opportunities
- 9.3.5.2. Japan
- 9.3.5.2.1. Japan Machine Vision Market Size & Opportunities
- 9.3.5.3. India
- 9.3.5.3.1. India Machine Vision Market Size & Opportunities
- 9.3.5.4. South Korea
- 9.3.5.4.1. South Korea Machine Vision Market Size & Opportunities
- 9.3.5.5. Singapore
- 9.3.5.5.1. Singapore Machine Vision Market Size & Opportunities
- 9.3.5.6. Australia & New Zealand
- 9.3.5.6.1. Australia & New Zealand Machine Vision Market Size & Opportunities
- 9.3.5.7. Rest Of Asia-pacific
- 9.3.5.7.1. Rest Of Asia-pacific Machine Vision Market Size & Opportunities
- 9.4. Rest Of World
- 9.4.1. Market Size & Estimates
- 9.4.2. Rest Of World Machine Vision Market Drivers
- 9.4.3. Rest Of World Machine Vision Market Challenges
- 9.4.4. Key Players In Rest Of World Machine Vision Market
- 9.4.5. Regional Analysis
- 9.4.5.1. Latin America
- 9.4.5.1.1. Latin America Machine Vision Market Size & Opportunities
- 9.4.5.2. Middle East & Africa
- 9.4.5.2.1. Middle East & Africa Machine Vision Market Size & Opportunities
- 10. Competitive Landscape
- 10.1. Key Strategic Developments
- 10.1.1. Mergers & Acquisitions
- 10.1.2. Product Launches & Developments
- 10.1.3. Business Expansions & Divestitures
- 10.2. Company Profiles
- 10.2.1. Allied Vision Technologies Gmbh
- 10.2.1.1. Company Overview
- 10.2.1.2. Products List
- 10.2.2. Basler Ag
- 10.2.2.1. Company Overview
- 10.2.2.2. Products List
- 10.2.3. Baumer Electric Ag
- 10.2.3.1. Company Overview
- 10.2.3.2. Products List
- 10.2.4. Cognex Corporation
- 10.2.4.1. Company Overview
- 10.2.4.2. Products List
- 10.2.5. Datalogic Spa
- 10.2.5.1. Company Overview
- 10.2.5.2. Products List
- 10.2.6. Isra Vision Ag
- 10.2.6.1. Company Overview
- 10.2.6.2. Products List
- 10.2.7. Jai As
- 10.2.7.1. Company Overview
- 10.2.7.2. Products List
- 10.2.8. Keyence Corporation
- 10.2.8.1. Company Overview
- 10.2.8.2. Products List
- 10.2.9. National Instruments Corporation (Ni)
- 10.2.9.1. Company Overview
- 10.2.9.2. Products List
- 10.2.10. Omron Corporation
- 10.2.10.1. Company Overview
- 10.2.10.2. Products List
- 10.2.11. Optotune Ag
- 10.2.11.1. Company Overview
- 10.2.11.2. Products List
- 10.2.12. Perceptron Inc
- 10.2.12.1. Company Overview
- 10.2.12.2. Products List
- 10.2.13. Teledyne Technologies Incorporated
- 10.2.13.1. Company Overview
- 10.2.13.2. Products List
- 10.2.14. Uss Vision
- 10.2.14.1. Company Overview
- 10.2.14.2. Products List
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