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.       

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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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Machine Vision Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2023

-Historical Period: 2019 to 2022

-Forecast Period: 2024 to 2030

• By Component
  • Hardware- Market Size & Forecast 2019-2030, USD Million
    • Cameras- Market Size & Forecast 2019-2030, USD Million
    • Optics- Market Size & Forecast 2019-2030, USD Million
    • Frame Grabbers- Market Size & Forecast 2019-2030, USD Million
    • LED Lighting- Market Size & Forecast 2019-2030, USD Million
    • Others (Processors, Sensors, etc.) - Market Size & Forecast 2019-2030, USD Million
  • Software- Market Size & Forecast 2019-2030, USD Million
    • Deep Learning Software- Market Size & Forecast 2019-2030, USD Million
    • Image Acquisition Software- Market Size & Forecast 2019-2030, USD Million
    • Image Processing Software- Market Size & Forecast 2019-2030, USD Million
    • Others (Application Software, Open Source Software, etc.) - 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
• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -  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, among others

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