Global Machine Vision Market (by Type, Components, Products, Application, End-User & Region): Insights, Trends & Forecast

Global Machine Vision Market (by Type, Components, Products, Application, End-User & Region): Insights, Trends & Forecast

The global machine vision market is expected to reach US$13.36 billion in 2024, witnessing growth at a CAGR of 6.51%, over the period 2020-2024. Factors such as surging urbanization, rising automotive production, increasing adoption of industrial robots, accelerating demand for artificial intelligence and growing popularity of smart cameras are expected to drive the market. The growth of the market would be challenged by lack of expertise in operating machine vision systems and standardization. A few notable trends may include rising applications of machine vision, rising miniaturization of products and escalating demand for high quality product inspection.

The global machine vision market can be categorized on the basis of type, components, product, application and end-users. In terms of type, the global machine vision market can be categorized into 1D machine vision, 2D machine vision and 3D machine vision. On the basis of component, the market can be divided into Hardware and Software. In terms of product, the global machine vision market can segmented into Smart camera-based and PC-based machine vision systems. The machine vision market can be segmented into inspection, gauging, guidance, identification and others, in terms of application. In terms of end-users, the global machine vision market can broadly be categorized into automotive, pharmaceuticals & chemicals, electronic & semiconductor, printing & labelling, food & beverage, pulp & paper, postal & logistics, glass & metal and others.

The fastest growing regional market is Asia Pacific due to growing adoption of machine vision components from manufacturing industries involved in access automation in APAC region, increasing demand for high-quality products in automobile, printing, and food and beverages industries in countries such as China and India.

Scope of the report:

  • The report provides a comprehensive analysis of the global Machine Vision market segmented on the basis of type, component, product, applications and end-users.
  • The major regional and country markets (Asia Pacific, North America, Europe and Rest of the World) have been analyzed.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Cognex Corporation, KEYENCE Corporation, OMRON Corporation, Basler AG, Sony Corporation and Teledyne Technologies Incorporated) are also presented in detail.
Key Target Audience:
  • Machine Vision Manufacturers
  • Machine Vision Service Providers and Distributors
  • Technology Providers
  • End Users
  • Government Bodies & Regulating Authorities.


1. Market Overview
1.1 Introduction
Table 1: Main Aspects of Machine Vision Systems
1.2 Components of Machine Vision System
Table 2: Components of Machine Vision System
1.3 Process Flow of Machine Vision Systems
Table 3: Process Flow of Machine Vision Systems
1.4 Applications of Machine Vision
Table 4: Applications of Machine Vision
1.5 Benefits of Machine Vision in Business
Table 5: Benefits of Machine Vision in Business
2. Global Market Analysis
2.1 Global Machine Vision Market by Value
Table 6: Global Machine Vision Market by Value (2015-2019)
2.2 Global Machine Vision Market Forecast by Value
Table 7: Global Machine Vision Market Forecast by Value (2020-2024)
2.3 Global Machine Vision Market by Type
Table 8: Global Machine Vision Market by Type (2019)
2.3.1 Global 2D Machine Vision Market by Value
Table 9: Global 2D Machine Vision Market by Value (2015-2019)
2.3.2 Global 2D Machine Vision Market Forecast by Value
Table 10: Global 2D Machine Vision Market Forecast by Value (2020-2024)
2.3.3 Global 3D Machine Vision Market by Value
Table 11: Global 3D Machine Vision Market by Value (2015-2019)
2.3.4 Global 3D Machine Vision Market Forecast by Value
Table 12: Global 3D Machine Vision Market Forecast by Value (2020-2024)
2.3.5 Global 1D Machine Vision Market by Value
Table 13: Global 1D Machine Vision Market by Value (2015-2019)
2.3.6 Global 1D Machine Vision Market Forecast by Value
Table 14: Global 1D Machine Vision Market Forecast by Value (2020-2024)
2.4 Global Machine Vision Market by Components
Table 15: Global Machine Vision Market by Components (2019)
2.4.1 Global Machine Vision Hardware Market by Value
Table 16: Global Machine Vision Hardware Market by Value (2015-2019)
2.4.2 Global Machine Vision Hardware Market Forecast by Value
Table 17: Global Machine Vision Hardware Market Forecast by Value (2020-2024)
2.4.3 Global Machine Vision Software Market by Value
Table 18: Global Machine Vision Software Market by Value (2015-2019)
2.4.4 Global Machine Vision Software Market Forecast by Value
Table 19: Global Machine Vision Software Market Forecast by Value (2020-2024)
2.5 Global Machine Vision Market by Product
Table 20: Global Machine Vision Market by Product (2019)
2.5.1 Global Smart Camera-Based Machine Vision Market by Value
Table 21: Global Smart Camera-Based Machine Vision Market by Value (2015-2019)
2.5.2 Global Smart Camera-Based Machine Vision Market Forecast by Value
Table 22: Global Smart Camera-Based Machine Vision Market Forecast by Value (2020-2024)
2.5.3 Global PC-Based Machine Vision Market by Value
Table 23: Global PC-Based Machine Vision Market by Value (2015-2019)
2.5.4 Global PC-Based Machine Vision Market Forecast by Value
Table 24: Global PC-Based Machine Vision Market Forecast by Value (2020-2024)
2.6 Global Machine Vision Market by Application
Table 25: Global Machine Vision Market by Application (2019)
2.6.1 Global Machine Vision Inspection Market by Value
Table 26: Global Machine Vision Inspection Market by Value (2015-2019)
2.6.2 Global Machine Vision Inspection Market Forecast by Value
Table 27: Global Machine Vision Inspection Market Forecast by Value (2020-2024)
2.6.3 Global Machine Vision Guidance Market by Value
Table 28: Global Machine Vision Guidance Market by Value (2015-2019)
2.6.4 Global Machine Vision Guidance Market Forecast by Value
Table 29: Global Machine Vision Guidance Market Forecast by Value (2020-2024)
2.6.5 Global Machine Vision Gauging Market by Value
Table 30: Global Machine Vision Gauging Market by Value (2015-2019)
2.6.6 Global Machine Vision Gauging Market Forecast by Value
Table 31: Global Machine Vision Gauging Market Forecast by Value (2020-2024)
2.6.7 Global Machine Vision Identification Market by Value
Table 32: Global Machine Vision Identification Market by Value (2015-2019)
2.6.8 Global Machine Vision Identification Market Forecast by Value
Table 33: Global Machine Vision Identification Market Forecast by Value (2020-2024)
2.7 Global Machine Vision Market by End-Users
Table 34: Global Machine Vision Market by End-Users (2019)
2.7.1 Global Machine Vision Automotive Market Forecast by Value
Table 35: Global Machine Vision Automotive Market Forecast by Value (2019-2024)
2.7.2 Global Machine Vision Pharmaceuticals & Chemicals Market Forecast by Value
Table 36: Global Machine Vision Pharmaceuticals & Chemicals Market Forecast by Value (2019-2024)
2.7.3 Global Machine Vision Electronic & Semiconductor Market Forecast by Value
Table 37: Global Machine Vision Electronic & Semiconductor Market Forecast by Value (2019-2024)
2.7.4 Global Machine Vision Printing & Labeling Market Forecast by Value
Table 38: Global Machine Vision Printing & Labeling Market Forecast by Value (2019-2024)
2.7.5 Global Machine Vision Food & Beverage Market Forecast by Value
Table 39: Global Machine Vision Food & Beverage Market Forecast by Value (2019-2024)
2.7.6 Global Machine Vision Pulp & Paper Market Forecast by Value
Table 40: Global Machine Vision Pulp & Paper Market Forecast by Value (2019-2024)
2.7.7 Global Machine Vision Postal & Logistics Market Forecast by Value
Table 41: Global Machine Vision Postal & Logistics Market Forecast by Value (2019-2024)
2.7.8 Global Machine Vision Glass & Metal Market Forecast by Value
Table 42: Global Machine Vision Glass & Metal Market Forecast by Value (2019-2024)
2.8 Global Machine Vision Market by Region
Table 43: Global Machine Vision Market by Region (2019)
3. Regional Market Analysis
3.1 Asia Pacific
3.1.1 Asia Pacific Machine Vision Market by Value
Table 44: Asia Pacific Machine Vision Market by Value (2015-2019)
3.1.2 Asia Pacific Machine Vision Market Forecast by Value
Table 45: Asia Pacific Machine Vision Market Forecast by Value (2020-2024)
3.2 North America
3.2.1 North America Machine Vision Market by Value
Table 46: North America Machine Vision Market by Value (2015-2019)
3.2.2 North America Machine Vision Market Forecast by Value
Table 47: North America Machine Vision Market Forecast by Value (2020-2024)
3.2.3 The U.S. Machine Vision Market by Value
Table 48: The U.S. Machine Vision Market by Value (2015-2019)
3.2.4 The U.S. Machine Vision Market Forecast by Value
Table 49: The U.S. Machine Vision Market Forecast by Value (2020-2024)
3.2.5 The U.S. Machine Vision Market by End-Users
Table 50: The U.S. Machine Vision Market by End-Users (2019)
3.2.6 The U.S. Machine Vision Automotive Market Forecast by Value
Table 51: The U.S. Machine Vision Automotive Market Forecast by Value (2019-2024)
3.2.7 The U.S. Machine Vision Pharmaceuticals & Chemicals Market Forecast by Value
Table 52: The U.S. Machine Vision Pharmaceuticals & Chemicals Market Forecast by Value (2019-2024)
3.2.8 The U.S. Machine Vision Electronic & Semiconductor Market Forecast by Value
Table 53: The U.S. Machine Vision Electronic & Semiconductor Market Forecast by Value (2019-2024)
3.2.9 The U.S. Machine Vision Food & Beverage Market Forecast by Value
Table 54: The U.S. Machine Vision Food & Beverage Market Forecast by Value (2019-2024)
3.2.10 The U.S. Machine Vision Printing & Labelling Market Forecast by Value
Table 55: The U.S. Machine Vision Printing & Labelling Market Forecast by Value (2019-2024)
3.2.11 The U.S. Machine Vision Glass & Metal Market Forecast by Value
Table 56: The U.S. Machine Vision Glass & Metal Market Forecast by Value (2019-2024)
3.2.12 The U.S. Machine Vision Postal & Logistics Market Forecast by Value
Table 57: The U.S. Machine Vision Postal & Logistics Market Forecast by Value (2019-2024)
3.2.13 The U.S. Machine Vision Pulp & Paper Market Forecast by Value
Table 58: The U.S. Machine Vision Pulp & Paper Market Forecast by Value (2019-2024)
3.3 Europe
3.3.1 Europe Machine Vision Market by Value
Table 59: Europe Machine Vision Market by Value (2015-2019)
3.3.2 Europe Machine Vision Market Forecast by Value
Table 60: Europe Machine Vision Market Forecast by Value (2020-2024)
3.4 RoW
3.4.1 RoW Machine Vision Market by Value
Table 61: RoW Machine Vision Market by Value (2015-2019)
3.4.2 RoW Machine Vision Market Forecast by Value
Table 62: RoW Machine Vision Market Forecast by Value (2020-2024)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Surging Urbanization
Table 63: Global Urban Population (2014-2019)
4.1.2 Rising Automotive Production
Table 64: Global Automotive Production Volume (2014-2019)
4.1.3 Increasing Adoption of Industrial Robots
Table 65: Global Annual Supply of Industrial Robots (2014-2021)
4.1.4 Accelerating Demand for Artificial Intelligence
Table 66: Global Artificial Intelligence Revenue (2017-2025)
4.1.5 Growing Popularity of Smart Cameras
Table 67: Global Smart Cameras Market (2018-2026)
4.2 Key Trends and Developments
4.2.1 Rising Applications of Machine Vision
Table 68: Machine Vision in Global Healthcare Market (2016-2023)
4.2.2 Rising Miniaturization of Products
4.2.3 Escalating Demand for High Quality Product Inspection
4.2.4 Active Government Policies
4.3 Challenges
4.3.1 Lack of Expertise in Operating Machine Vision Systems
4.3.2 Standardization
5. Competitive Landscape
5.1 Global Market
5.1.1 Revenue Comparison of Key Players
Table 69: Revenue Comparison of Key Players (2018/2019)
5.1.2 Market Capitalization Comparison of Key Players
Table 70: Market Capitalization Comparison of Key Players (2020)
5.1.3 R&D Comparison of Key Players
Table 71: R&D Expenditure Comparison of Key Players (2018/2019)
6. Company Profiles
6.1 Cognex Corporation
6.1.1 Business Overview
6.1.2 Financial Overview
Table 72: Cognex Corporation Revenue and Net Income (2015-2019)
Table 73: Cognex Corporation Revenue by Region (2019)
6.1.3 Business Strategies
6.2 KEYENCE Corporation
6.2.1 Business Overview
6.2.2 Financial Overview
Table 74: KEYENCE Corporation Net Sales and Net Income (2015-2019)
Table 75: KEYENCE Corporation Net Sales by Region (2019)
6.2.3 Business Strategies
6.3 OMRON Corporation
6.3.1 Business Overview
6.3.2 Financial Overview
Table 76: OMRON Corporation Net Sales and Net Income (2014-2018)
Table 77: OMRON Corporation Net Sales by Segment (2018)
Table 78: OMRON Corporation Net Sales by Region (2018)
6.3.3 Business Strategies
6.4 Basler AG
6.4.1 Business Overview
6.4.2 Financial Overview
Table 79: Basler AG Sales Revenue and Net Income (2014-2018)
Table 80: Basler AG Sales Revenue by Region (2018)
6.4.3 Business Strategies
6.5 Sony Corporation
6.5.1 Business Overview
6.5.2 Financial Overview
Table 81: Sony Corporation Sales & Operating Revenue and Net Income (2015-2019)
Table 82: Sony Corporation Sales and Operating Revenue by Segment (2019)
Table 83: Sony Corporation Sales and Operating Revenue by Region (2019)
6.5.3 Business Strategies
6.6 Teledyne Technologies Incorporated
6.6.1 Business Overview
6.6.2 Financial Overview
Table 84: Teledyne Technologies Incorporated Sales and Net Income (2015-2019)
Table 85: Teledyne Technologies Incorporated Sales by Segment (2019)
Table 86: Teledyne Technologies Incorporated Sales by Region (2019)
6.6.3 Business Strategies

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