Market Overview:
The global machine vision technology market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automated inspection and quality control in industrial and non-industrial applications, and the growing adoption of smart cameras based machine vision technology. In terms of type, the PC based machine vision technology segment is expected to lead the global machine vision technology market during the forecast period. This can be attributed to factors such as declining prices of PCs, rising demand for advanced image processing capabilities, and increasing use of PCs in industrial applications. However, embedded machine vision technology is projected to grow at a higher CAGR than PC based machine vision technology during the forecast period owing to its advantages such as low power consumption and small form factor. In terms of application, industrial applications are expected to account for a larger share of the global machine vision technology market than non-industrial applications duringthe forecast period. This can be attributedto factors such as rising demand for automated inspection and quality control in industries such as automotive, semiconductor & electronics manufacturing, food & beverage packaging etc.
Product Definition:
Machine vision technology is the application of computer vision and image processing techniques to control and automate the process of manufacturing. It can be used for tasks such as detecting defects in products, tracking product movement through a production line, or reading barcodes on products. Machine vision technology is important because it allows manufacturers to automate and improve the quality of their production processes.
PC Based Machine Vision Technology:
PC-based machine vision technology is used for the inspection of objects and surroundings. It provides high accuracy, reliability, and flexibility to end-users. The technology has gained popularity due to its ability to provide a highly efficient system at a low cost which can be easily maintained by the user as well as by the manufacturer.
The global PC based machine vision market was valued at USD 1,15 billion in 2015.
Embedded Machine Vision Technology:
EMV is short for embedded machine vision. It is a technology that enables the camera and other sensors to be integrated into the device itself, rather than being attached externally or placed nearby on the frame as in case of standalone cameras. Embedded machine vision (EMV) technology has gained popularity owing to its ability to provide high-quality images even when used at low resolution and with reduced field of view.
Application Insights:
The application segment has been further categorized into two broad categories, namely industrial and non-industrial applications. The non-industrial applications include consumer goods, packaging, medical & healthcare and others. Industrial applications include assembly & inspection tasks performed by robots at the manufacturing level.
In 2017, the industrial segment dominated the global market with a share of over 80% in terms of revenue generation and is expected to continue its dominance over the forecast period as well owing to increasing adoption across various industries such as automotive/transportation; aerospace & defense; electronics; food & beverage; chemical; pulp & paper and metalworking machinery among others.
Regional Analysis:
Asia Pacific is expected to be the fastest growing region over the forecast period. The growth can be attributed to rising industrialization and increasing adoption of machine vision technology in various applications including automotive, packaging, pharmaceuticals, and others. In addition, rising investments by governments in developing countries are anticipated to drive regional market growth during the forecast period.
The Asia Pacific region accounted for a revenue share of more than 30% in 2017 owing to its large-scale production base for consumer electronics products such as smartphones and laptops coupled with other manufacturing industries such as automotive components and medical devices that use machine tools with automated machinery systems or vision inspection equipment. Increasing demand from these end-use markets is further expected to drive industry expansion over the next eight years.
Growth Factors:
- Increasing demand for automated inspection and quality control in manufacturing industries
- Growing popularity of machine vision technology in automotive and semiconductor industries
- Rising demand for 3D vision systems in medical and industrial applications
- Proliferation of smart factories that require advanced machine vision systems for automation purposes
- Increasing research and development investments towards the advancement of machine vision technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Machine Vision Technology Market Research Report
By Type
PC Based Machine Vision Technology, Embedded Machine Vision Technology, Smart Cameras Based Machine Vision Technology
By Application
Industrial Applications, Non-Industrial Applications
By Companies
Allied Vision Technologies, Basler, Adept Technology, Cognex, Keyence, ISRA Vision, Microscan Systems, Electro Scientific Industries, OMRON, Seeing Machines
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Machine Vision Technology Market Report Segments:
The global Machine Vision Technology market is segmented on the basis of:
Types
PC Based Machine Vision Technology, Embedded Machine Vision Technology, Smart Cameras Based Machine Vision Technology
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Applications, Non-Industrial Applications
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Allied Vision Technologies
- Basler
- Adept Technology
- Cognex
- Keyence
- ISRA Vision
- Microscan Systems
- Electro Scientific Industries
- OMRON
- Seeing Machines
Highlights of The Machine Vision Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PC Based Machine Vision Technology
- Embedded Machine Vision Technology
- Smart Cameras Based Machine Vision Technology
- By Application:
- Industrial Applications
- Non-Industrial Applications
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Machine Vision Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Machine vision technology is a subset of artificial intelligence that uses computer algorithms to interpret and identify objects in images. This technology can be used for a variety of purposes, such as identifying products in warehouses or monitoring security footage.
Some of the key players operating in the machine vision technology market are Allied Vision Technologies, Basler, Adept Technology, Cognex, Keyence, ISRA Vision, Microscan Systems, Electro Scientific Industries, OMRON, Seeing Machines.
The machine vision technology market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Machine Vision Technology Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Machine Vision Technology Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Machine Vision Technology Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Machine Vision Technology Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Machine Vision Technology Market Size & Forecast, 2020-2028 4.5.1 Machine Vision Technology Market Size and Y-o-Y Growth 4.5.2 Machine Vision Technology Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 PC Based Machine Vision Technology
5.2.2 Embedded Machine Vision Technology
5.2.3 Smart Cameras Based Machine Vision Technology
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial Applications
6.2.2 Non-Industrial Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Machine Vision Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Machine Vision Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 PC Based Machine Vision Technology
9.6.2 Embedded Machine Vision Technology
9.6.3 Smart Cameras Based Machine Vision Technology
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial Applications
9.10.2 Non-Industrial Applications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 PC Based Machine Vision Technology
10.6.2 Embedded Machine Vision Technology
10.6.3 Smart Cameras Based Machine Vision Technology
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial Applications
10.10.2 Non-Industrial Applications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 PC Based Machine Vision Technology
11.6.2 Embedded Machine Vision Technology
11.6.3 Smart Cameras Based Machine Vision Technology
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial Applications
11.10.2 Non-Industrial Applications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 PC Based Machine Vision Technology
12.6.2 Embedded Machine Vision Technology
12.6.3 Smart Cameras Based Machine Vision Technology
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial Applications
12.10.2 Non-Industrial Applications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 PC Based Machine Vision Technology
13.6.2 Embedded Machine Vision Technology
13.6.3 Smart Cameras Based Machine Vision Technology
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial Applications
13.10.2 Non-Industrial Applications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Machine Vision Technology Market: Competitive Dashboard
14.2 Global Machine Vision Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Allied Vision Technologies
14.3.2 Basler
14.3.3 Adept Technology
14.3.4 Cognex
14.3.5 Keyence
14.3.6 ISRA Vision
14.3.7 Microscan Systems
14.3.8 Electro Scientific Industries
14.3.9 OMRON
14.3.10 Seeing Machines