Exploring Machine Vision Market: Rising Trends, Opportunities and Challenges Forecast 2030

Global Machine Vision Market Overview:

According to MarkNtel Advisors study the Global Machine Vision Market size is valued at USD 13.1 billion in 2024 & is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30. The market growth of machine vision components in the automotive sector is due to increased demand and adoption. Increased road accidents and traffic around the world have also created a necessity for more reliable and efficient vehicles. Machine vision systems installed on cars such as cameras, frame grabbers, processors, etc., ensure that automobile parts are assembled with precision and quality control which has led to an increase in the demand for machine vision components within the automotive industry.

Key Findings of the Study: Machine Vision market

Global Machine Vision Market Driver:

Proliferation in Electronics Manufacturing Boosting Machine Vision Market Growth – The increasing demand for consumer electronics such as mobile phones, laptops, washing machines, refrigerators, etc., across the globe has been surging the manufacturing of electronics and electronic parts worldwide. The rising consumer inclination towards smart home devices, 5G devices, routers, etc., has been further increasing the overall electronic manufacturing sector. The intricate designs and complex manufacturing processes of consumer electronic parts require precise and consistent solutions to ensure the quality of the electronic products. Machine vision solutions with cameras, sensors, frames, processors, etc., enable advanced inspection and quality control of the electronic, thereby increasing their adoption. Moreover, machine vision solutions detect minute defects in the circuit boards, semiconductor chips, etc., which further increase their adoption in electronic manufacturing. Additionally, the machine vision systems often enabled with AI (Artificial Intelligence) technologies enable the manufacturers to control their unit operations in electronic manufacturing at each step precisely which further augments their adoption in the overall electronic manufacturing sector. Companies such as Cognex Corporation, Texas Instruments, etc., have been launching various AI-enabled machine vision solutions for the electronics industry, which is further increasing the growth of the Global Machine Vision Market.

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Scope of the Machine Vision Market Report Segmentation

-By Component

Hardware- Market Size & Forecast 2019-2030, USD Million
Software- Market Size & Forecast 2019-2030, USD Million
Services - Market Size & Forecast 2019-2030, USD Million

-By End User

Automotive- Market Size & Forecast 2019-2030, USD Million
Electronics- Market Size & Forecast 2019-2030, USD Million
Food and Beverages- Market Size & Forecast 2019-2030, USD Million
Healthcare- Market Size & Forecast 2019-2030, USD Million
Textile- Market Size & Forecast 2019-2030, USD Million
Others (Retail, Printing, etc.) - Market Size & Forecast 2019-2030, USD Million

-By Application

Quality Assurance & Inspection- Market Size & Forecast 2019-2030, USD Million
Guidance & Navigation- Market Size & Forecast 2019-2030, USD Million
Identification & Verification- Market Size & Forecast 2019-2030, USD Million
Others (Process Control, Management, etc.) - Market Size & Forecast 2019-2030, USD Million

-By Product Type

PC-Based Machine Vision- Market Size & Forecast 2019-2030, USD Million
Smart Camera-Based Machine Vision- Market Size & Forecast 2019-2030, USD Million

-By Technology

1-D- Market Size & Forecast 2019-2030, USD Million
2-D- Market Size & Forecast 2019-2030, USD Million
3-D- Market Size & Forecast 2019-2030, USD Million

-By Deployment

General- Market Size & Forecast 2019-2030, USD Million
Robotic Cell- Market Size & Forecast 2019-2030, USD Million

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Geographical analysis:

-By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

Asia-Pacific holds a significant market share in the machine vision market worldwide owing to its high manufacturing capabilities. The region boasts various manufacturing units of automobiles, packaging, textiles, etc. Moreover, the region is emerging as a prominent player in food and pharmaceutical manufacturing. With these increasing manufacturing capabilities, the demand for machine vision systems and solutions is on the rise to monitor and inspect the manufacturing chains. Countries like China, Japan, South Korea, etc., boast the demand for advanced automation systems and solutions for electronics and semiconductor manufacturing. The complexity and tedious compilation of electronic parts require machine vision parts such as lenses and cameras, which increase their demand and adoption in the region augmenting market growth. Furthermore, companies such as Ametek Inc., Sony Corporation, etc., have been launching innovative machine vision systems in the region, which is leading to its wider adoption among end users propelling market growth.

Global Machine Vision Industry Recent Development:

In 2024: Cognex Incorporation introduced the 380 Modular Vision Tunnel, a new addition to the Modular Vision Tunnel portfolio, featuring the powerful DataMan® 380 barcode reader.
In 2024: Basler AG launched new racer 2 L 8k and 16k line scan cameras equipped with the latest Gpixel sensors and CXP-12 interface.

Current Landscape of Machine Vision Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Machine Vision market. The research report profiles major players, including

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Cognex Corporation
Basler AG
Keyence Corporation
Teledyne Technologies
TKH Group
Omron Automation
Emerson Electric Co.
Sick Ag
Sony Corporation
Intel Corporation
Texas Instruments Incorporated
Ametek Inc.
Qualitas Technologies Pvt Ltd
Baumer India Pvt Ltd
Optotune
Others

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