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GLOBAL MACHINE VISION MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Global Machine Vision Market by Type (1D Machine Vision, 2D Machine Vision, 3D Machine Vision) Market by Component (Hardware (ASMV, Cameras, Sensors, Illuminations, Processors, Other Hardware Components), Software) Market by Application (Inspection, Gauging, Guidance, Identification, Other Applications) Market by Industry Vertical (Automotive, Electronics & Semiconductor, Healthcare, Food & Packaging, Other Industry Verticals) by Geography


MARKET OVERVIEW

The global machine vision market is expected to reach $19069.88 million by 2032, growing at a CAGR of 5.54% during the forecast period. The base year considered for the study is 2022, and the estimated period is between 2023 and 2032. The market study has also analyzed the impact of COVID-19 on the global machine vision market qualitatively as well as quantitatively.

A machine vision system (MVS) is a technology that facilitates a computing device to identify, evaluate, and inspect still or moving images. It involves the integration of a number of critical components, such as digital cameras, back-end image processing hardware, and software. Machine vision uses industrial image processing to visually check products, read or direct products, and guide robots in real time without operator intervention; it does this by using cameras installed over production lines and cells.

Machine Vision Market

Read our latest blog on the Machine Vision Market

GROWTH ENABLERS

Key enablers of the global machine vision market growth:

  • Growing need for smart factories
    • Owing to the need to reduce manufacturing costs and decrease the time to market products, smart factories are preferred.
    • Rapidly evolving technology and a digitally focused world have led to the integration of automation in the workforce. Furthermore, industrial automation is being boosted by factors such as machine vision, robotics, the rise of artificial intelligence, and deep learning. 
    • Various organizations are also mechanizing their processes using automated machines. This increasing trend toward automation has created an opportunity for machine vision systems, thus boosting market growth.
  • Broadening applications of MV systems
  • Extending requirement for efficient defect detection

GROWTH RESTRAINTS

Key growth restraining factors of the global machine vision market:

  • Inadequate expertise
  • Absence of awareness about MV system benefits
  • Implementation difficulties
    • Implementing a machine vision system requires technology skills in building automation solutions, camera design, embedded design, algorithm development, as well as mechanical engineering. Additionally, image processing algorithms, the prime driving force of machine vision systems, still need to be developed.
    • While these factors lead to a greater need for highly skilled personnel and advanced equipment, they subsequently give rise to increased costs and capital needs, thus challenging the market’s growth.
  • Lack of standardization

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KEY MARKET TRENDS

Global Machine Vision Market | Top Trends

  • The constant improvement in CMOS image sensors’ performance, functional capability, and flexibility facilitate different imaging systems such as digital cameras, camcorders, webcams, security cameras, or IR cameras, which are primary components of machine vision systems. Furthermore, the utilization of image sensors in machine vision systems aids system miniaturization, high-speed imaging, and avoiding blooming and smearing effects, a typical disadvantage of charged couple devices (CCD).

MARKET SEGMENTATION

Market Segmentation – Type, Component, Application, and Industry Vertical – 

Market by Type:

  • 1D Machine Vision
  • 2D Machine Vision
  • 3D Machine Vision 
    • 3D machine vision is anticipated to be the fastest-growing type in the market.
    • 3D machine vision involves using multiple inspections and other cameras along with illuminators, processors, and sensors.
    • There have been significant developments in 3D technology by key players worldwide. This factor, in turn, is expected to contribute towards the segment’s growth during the forecast period.
    • For instance, in 2022, Saccade Vision’s first MEMS-based scanning 3D vision solution was launched at the Automatica trade show. Saccade Vision system’s light source is a micro-electromechanical system (MEMS) laser illumination module, which can scan in several directions.

Market by Component:

  • Hardware
    • ASMV
    • Cameras
    • Sensors
    • Illuminations
    • Processors 
    • Other Hardware Components
  • Software

Market by Application:

  • Guidance
  • Inspection
  • Identification
  • Gauging
  • Other Applications

Market by Industry Vertical:

  • Automotive
  • Electronics & Semiconductor
    • In 2022, the majority of the market share was captured by the electronics & semiconductor segment under the industry vertical category.
    • High demand for consumer electronic devices, development of advanced circuit boards, and growing application areas of semiconductor products are driving the segment’s growth.
    • Integrated circuits (ICs) and various other components in semiconductor manufacturing are becoming smaller. This factor has led to the global machine vision market seeking new solutions in order to meet the product inspection demands created by the diminishing size of components.
  • Healthcare
  • Food & Packaging
  • Other Verticals

GEOGRAPHICAL STUDY

Geographical Study based on Four Major Regions:
  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Singapore, Australia & New Zealand, and Rest of Asia-Pacific
    • The Asia-Pacific machine vision market is expected to grow with the highest CAGR over the forecast period.
    • The region is expected to witness substantial demand from the industrial sector owing to increased outsourcing of manufacturing activities to the Asia-Pacific.
    • Some other factors propelling the market in the region include various government initiatives such as Made in China 2025, Make in India, and Industrial Value Chain Initiative in Japan, coupled with other initiatives directed towards emerging smart factories.
  • Rest of World: Latin America, the Middle East & Africa

MAJOR PLAYERS

Major players in the global machine vision market:

  • Cognex Corporation
  • Allied Vision Technologies GmbH
  • Basler AG
  • Teledyne Technologies Incorporated
  • Baumer Electric AG

Key strategies adopted by some of these companies:

  • Basler AG, in December 2021, acquired its sales partners, DATVISION and IOVIS, in Korea.
  • In May 2021, Teledyne Technologies Incorporated acquired FLIR Systems Inc.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments AnalyzedType, Component, Application, Industry Vertical
Geographies AnalyzedNorth America, Europe, Asia-Pacific, and Rest of World
Companies AnalyzedCognex Corporation, USS Vision, Allied Vision Technologies GmbH, Basler AG, Teledyne Technologies Incorporated, Baumer Electric AG, Datalogic SpA, Keyence Corporation, Optotune AG, ISRA Vision AG, National Instruments Corporation, Jai AS, Perceptron Inc, Omron Corporation

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON GLOBAL MACHINE VISION MARKET
    5. MAJOR MARKET FINDINGS
      1. RISING NEED FOR PROPER DEFECT DETECTION
      2. 3D MEASUREMENT IS THE FASTEST-EVOLVING TYPE
      3. GROWING AUTOMATION IN INDUSTRIAL APPLICATIONS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. GROWING NEED FOR SMART FACTORIES
      2. BROADENING APPLICATIONS OF MV SYSTEMS
      3. EXTENDING REQUIREMENTS FOR EFFICIENT DEFECT DETECTION
    2. KEY RESTRAINTS
      1. INADEQUATE EXPERTISE
      2. ABSENCE OF AWARENESS ABOUT MV SYSTEM BENEFITS
      3. IMPLEMENTATION DIFFICULTIES 
      4. LACK OF STANDARDIZATION
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. KEY BUYING CRITERIA
      1. ACCURACY
      2. COST EFFECTIVENESS
      3. FLEXIBILITY
  5. MARKET BY TYPE
    1. 1D MACHINE VISION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. 2D MACHINE VISION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. 3D MACHINE VISION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY COMPONENT
    1. HARDWARE
      1. ASMV
        1. MARKET FORECAST FIGURE
        2. SEGMENT ANALYSIS
      2. CAMERAS
        1. MARKET FORECAST FIGURE
        2. SEGMENT ANALYSIS
      3. SENSORS
        1. MARKET FORECAST FIGURE
        2. SEGMENT ANALYSIS
      4. ILLUMINATIONS
        1. MARKET FORECAST FIGURE
        2. SEGMENT ANALYSIS
      5. PROCESSORS
        1. MARKET FORECAST FIGURE
        2. SEGMENT ANALYSIS
      6. OTHER HARDWARE COMPONENTS
        1. MARKET FORECAST FIGURE
        2. SEGMENT ANALYSIS
    2. SOFTWARE
  7. MARKET BY APPLICATION
    1. INSPECTION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. GAUGING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. GUIDANCE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. IDENTIFICATION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER APPLICATIONS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. MARKET BY INDUSTRY VERTICAL
    1. AUTOMOTIVE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. ELECTRONICS & SEMICONDUCTOR
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. HEALTHCARE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. FOOD & PACKAGING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER INDUSTRY VERTICALS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  9. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA MACHINE VISION MARKET DRIVERS
      3. NORTH AMERICA MACHINE VISION MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA MACHINE VISION MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES MACHINE VISION MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA MACHINE VISION MARKET SIZE & OPPORTUNITIES
    2. EUROPE
      1. MARKET SIZE & ESTIMATES
      2. EUROPE MACHINE VISION MARKET DRIVERS
      3. EUROPE MACHINE VISION MARKET CHALLENGES
      4. KEY PLAYERS IN EUROPE MACHINE VISION MARKET
      5. COUNTRY ANALYSIS
        1. UNITED KINGDOM
          1. UNITED KINGDOM MACHINE VISION MARKET SIZE & OPPORTUNITIES
        2. GERMANY
          1. GERMANY MACHINE VISION MARKET SIZE & OPPORTUNITIES
        3. FRANCE
          1. FRANCE MACHINE VISION MARKET SIZE & OPPORTUNITIES
        4. SPAIN
          1. SPAIN MACHINE VISION MARKET SIZE & OPPORTUNITIES
        5. ITALY
          1. ITALY MACHINE VISION MARKET SIZE & OPPORTUNITIES
        6. REST OF EUROPE
          1. REST OF EUROPE MACHINE VISION MARKET SIZE & OPPORTUNITIES
    3. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. ASIA-PACIFIC MACHINE VISION MARKET DRIVERS
      3. ASIA-PACIFIC MACHINE VISION MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC MACHINE VISION MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA MACHINE VISION MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN MACHINE VISION MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA MACHINE VISION MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA MACHINE VISION MARKET SIZE & OPPORTUNITIES
        5. SINGAPORE
          1. SINGAPORE MACHINE VISION MARKET SIZE & OPPORTUNITIES
        6. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND MACHINE VISION MARKET SIZE & OPPORTUNITIES
        7. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC MACHINE VISION MARKET SIZE & OPPORTUNITIES
    4. REST OF WORLD
      1. MARKET SIZE & ESTIMATES
      2. REST OF WORLD MACHINE VISION MARKET DRIVERS
      3. REST OF WORLD MACHINE VISION MARKET CHALLENGES
      4. KEY PLAYERS IN REST OF WORLD MACHINE VISION MARKET
      5. REGIONAL ANALYSIS
        1. LATIN AMERICA
          1. LATIN AMERICA MACHINE VISION MARKET SIZE & OPPORTUNITIES
        2. MIDDLE EAST & AFRICA
          1. MIDDLE EAST & AFRICA MACHINE VISION MARKET SIZE & OPPORTUNITIES
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ALLIED VISION TECHNOLOGIES GMBH
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      2. BASLER AG
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      3. BAUMER ELECTRIC AG
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      4. COGNEX CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      5. DATALOGIC SPA
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      6. ISRA VISION AG
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      7. JAI AS
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      8. KEYENCE CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      9. NATIONAL INSTRUMENTS CORPORATION (NI)
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      10. OMRON CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      11. OPTOTUNE AG
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      12. PERCEPTRON INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      13. TELEDYNE TECHNOLOGIES INCORPORATED
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      14. USS VISION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – MACHINE VISION

TABLE 2: GLOBAL MACHINE VISION MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: GLOBAL MACHINE VISION MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: GLOBAL 1D MACHINE VISION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: GLOBAL 1D MACHINE VISION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: GLOBAL 2D MACHINE VISION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: GLOBAL 2D MACHINE VISION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: GLOBAL 3D MACHINE VISION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: GLOBAL 3D MACHINE VISION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: GLOBAL MACHINE VISION MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: GLOBAL MACHINE VISION MARKET, BY COMPONENT, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: GLOBAL HARDWARE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: GLOBAL HARDWARE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 14: GLOBAL MACHINE VISION MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 15: GLOBAL MACHINE VISION MARKET, BY HARDWARE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 16: GLOBAL ASMV MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 17: GLOBAL ASMV MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 18: GLOBAL CAMERAS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 19: GLOBAL CAMERAS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 20: GLOBAL SENSORS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 21: GLOBAL SENSORS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 22: GLOBAL ILLUMINATIONS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 23: GLOBAL ILLUMINATIONS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 24: GLOBAL PROCESSORS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 25: GLOBAL PROCESSORS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 26: GLOBAL OTHER HARDWARE COMPONENTS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 27: GLOBAL OTHER HARDWARE COMPONENTS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 28: GLOBAL SOFTWARE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 29: GLOBAL SOFTWARE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 30: GLOBAL MACHINE VISION MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 31: GLOBAL MACHINE VISION MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 32: GLOBAL INSPECTION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 33: GLOBAL INSPECTION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 34: GLOBAL GAUGING MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 35: GLOBAL GAUGING MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 36: GLOBAL GUIDANCE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 37: GLOBAL GUIDANCE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 38: GLOBAL IDENTIFICATION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 39: GLOBAL IDENTIFICATION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 40: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 41: GLOBAL OTHER APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 42: GLOBAL MACHINE VISION MARKET, BY INDUSTRY VERTICAL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 43: GLOBAL MACHINE VISION MARKET, BY INDUSTRY VERTICAL, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 44: GLOBAL AUTOMOTIVE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 45: GLOBAL AUTOMOTIVE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 46: GLOBAL ELECTRONICS & SEMICONDUCTOR MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 47: GLOBAL ELECTRONICS & SEMICONDUCTOR MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 48: GLOBAL HEALTHCARE MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 49: GLOBAL HEALTHCARE MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 50: GLOBAL FOOD & PACKAGING MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 51: GLOBAL FOOD & PACKAGING MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 52: GLOBAL OTHER INDUSTRY VERTICALS MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 53: GLOBAL OTHER INDUSTRY VERTICALS MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 54: GLOBAL MACHINE VISION MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 55: GLOBAL MACHINE VISION MARKET, BY GEOGRAPHY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 56: NORTH AMERICA MACHINE VISION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 57: NORTH AMERICA MACHINE VISION MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 58: KEY PLAYERS OPERATING IN NORTH AMERICA MACHINE VISION MARKET

TABLE 59: EUROPE MACHINE VISION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 60: EUROPE MACHINE VISION MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 61: KEY PLAYERS OPERATING IN EUROPE MACHINE VISION MARKET

TABLE 62: ASIA-PACIFIC MACHINE VISION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 63: ASIA-PACIFIC MACHINE VISION MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 64: KEY PLAYERS OPERATING IN ASIA-PACIFIC MACHINE VISION MARKET

TABLE 65: REST OF WORLD MACHINE VISION MARKET, BY REGION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 66: REST OF WORLD MACHINE VISION MARKET, BY REGION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 67: KEY PLAYERS OPERATING IN REST OF WORLD MACHINE VISION MARKET

TABLE 68: LIST OF MERGERS & ACQUISITIONS

TABLE 69: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 70: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: PROCESS OF MACHINE VISION

FIGURE 2: KEY MARKET TRENDS

FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

FIGURE 4: GROWTH PROSPECT MAPPING FOR NORTH AMERICA

FIGURE 5: GROWTH PROSPECT MAPPING FOR EUROPE

FIGURE 6: GROWTH PROSPECT MAPPING FOR ASIA-PACIFIC

FIGURE 7: GROWTH PROSPECT MAPPING FOR REST OF WORLD

FIGURE 8: MARKET MATURITY ANALYSIS

FIGURE 9: MARKET CONCENTRATION ANALYSIS

FIGURE 10: KEY BUYING CRITERIA

FIGURE 11: GLOBAL MACHINE VISION MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 12: GLOBAL MACHINE VISION MARKET, BY 1D MACHINE VISION, 2023-2032 (IN $ MILLION)

FIGURE 13: GLOBAL MACHINE VISION MARKET, BY 2D MACHINE VISION, 2023-2032 (IN $ MILLION)

FIGURE 14: GLOBAL MACHINE VISION MARKET, BY 3D MACHINE VISION, 2023-2032 (IN $ MILLION)

FIGURE 15: GLOBAL MACHINE VISION MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2022

FIGURE 16: GLOBAL MACHINE VISION MARKET, BY HARDWARE, 2023-2032 (IN $ MILLION)

FIGURE 17: GLOBAL MACHINE VISION MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2022

FIGURE 18: GLOBAL MACHINE VISION MARKET, BY ASMV, 2023-2032 (IN $ MILLION)

FIGURE 19: GLOBAL MACHINE VISION MARKET, BY DEF1, 2023-2032 (IN $ MILLION)

FIGURE 20: GLOBAL MACHINE VISION MARKET, BY SENSORS, 2023-2032 (IN $ MILLION)

FIGURE 21: GLOBAL MACHINE VISION MARKET, BY ILLUMINATIONS, 2023-2032 (IN $ MILLION)

FIGURE 22: GLOBAL MACHINE VISION MARKET, BY PROCESSORS, 2023-2032 (IN $ MILLION)

FIGURE 23: GLOBAL MACHINE VISION MARKET, BY OTHER HARDWARE COMPONENTS, 2023-2032 (IN $ MILLION)

FIGURE 24: GLOBAL MACHINE VISION MARKET, BY SOFTWARE, 2023-2032 (IN $ MILLION)

FIGURE 25: GLOBAL MACHINE VISION MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 26: GLOBAL MACHINE VISION MARKET, BY INSPECTION, 2023-2032 (IN $ MILLION)

FIGURE 27: GLOBAL MACHINE VISION MARKET, BY GAUGING, 2023-2032 (IN $ MILLION)

FIGURE 28: GLOBAL MACHINE VISION MARKET, BY GUIDANCE, 2023-2032 (IN $ MILLION)

FIGURE 29: GLOBAL MACHINE VISION MARKET, BY IDENTIFICATION, 2023-2032 (IN $ MILLION)

FIGURE 30: GLOBAL MACHINE VISION MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 31: GLOBAL MACHINE VISION MARKET, GROWTH POTENTIAL, BY INDUSTRY VERTICAL, IN 2022

FIGURE 32: GLOBAL MACHINE VISION MARKET, BY AUTOMOTIVE, 2023-2032 (IN $ MILLION)

FIGURE 33: GLOBAL MACHINE VISION MARKET, BY ELECTRONICS & SEMICONDUCTOR, 2023-2032 (IN $ MILLION)

FIGURE 34: GLOBAL MACHINE VISION MARKET, BY HEALTHCARE, 2023-2032 (IN $ MILLION)

FIGURE 35: GLOBAL MACHINE VISION MARKET, BY FOOD & PACKAGING, 2023-2032 (IN $ MILLION)

FIGURE 36: GLOBAL MACHINE VISION MARKET, BY OTHER INDUSTRY VERTICALS, 2023-2032 (IN $ MILLION)

FIGURE 37: NORTH AMERICA MACHINE VISION MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 38: UNITED STATES MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 39: CANADA MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 40: EUROPE MACHINE VISION MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 41: UNITED KINGDOM MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 42: GERMANY MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 43: FRANCE MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 44: SPAIN MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 45: ITALY MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 46: REST OF EUROPE MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 47: ASIA-PACIFIC MACHINE VISION MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN%)

FIGURE 48: CHINA MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 49: JAPAN MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 50: INDIA MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 51: SOUTH KOREA MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 52: SINGAPORE MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 53: AUSTRALIA & NEW ZEALAND MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 54: REST OF ASIA-PACIFIC MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 55: REST OF WORLD MACHINE VISION MARKET, REGIONAL OUTLOOK, 2022 & 2032 (IN %)

FIGURE 56: LATIN AMERICA MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 57: MIDDLE EAST & AFRICA MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FAQ’s

FAQs

The global machine vision market was valued at $11042.29 million in 2022 and is expected to reach $19069.88 million by 2032, growing at a CAGR of 5.54% during the forecast period.

Yes, the market study has also analyzed the impact of COVID-19 on the global machine vision market qualitatively as well as quantitatively.

Asia-Pacific is set to be the fastest-growing region in the global machine vision market.

Healthcare is set to be the largest industry vertical in the global machine vision market, acquiring a revenue share of 27.42% by 2032.