Global Machine Vision Market 2023-2030- By Components (Machine Vision Systems (Camera, Lighting, Lens, Embedded Processors), External Lighting, External Optics and Lenses, Standalone Cameras, Frame Grabbers, PC/Display Panel, and Machine Vision Controllers); By Vision Technology (1D/2D and 3D); By Scanning (Line Scan and Area Scan); By Software (Standard Software and Deep Learning Software); By Application (Quality Assurance and Inspection, Position Guidance, Measurement, Identification, and Others); By Geography (APAC, Americas, Europe, and MEA).
Global Machine Vision Market 2023-2030
DESCRIPTION
Market Intelligence Summary
According to WDO Consulting, the sales of machine vision components reached XX thousand units in 2023. In terms of revenue, the Global Machine Vision Market was valued at $XX million in 2023 and is projected to reach a value of $XX million by 2030, growing at a compound annual growth rate (CAGR) of around XX% from 2023 to 2030.
Rise in digitalization and implementation of automation technologies across the industries to improve efficiency, productivity, and safety which is driving the adoption of machine vision technology. Machine vision systems play a crucial role in automating various processes like inspection, sorting, measurement, and identification.
Machine vision sensors are benefiting from advancements in deep learning and neural networks. The integration of AI and machine learning algorithms into machine vision systems is enabling them to perform more complex tasks. This allows for deeper insights, improved decision-making, and real-time process control. Sensor technology advancements such as higher resolution, increased sensitivity, and improved light acquisition capabilities are driving the development of more accurate and reliable machine vision systems.
Combining data from multiple sensors, including machine vision, is becoming more prevalent. Multi-sensor fusion improves the robustness and reliability of perception systems, especially in challenging or dynamic environments.
The adoption of 3D vision technology is expanding, allowing machine vision systems to perceive depth and spatial information. 3D machine vision systems are gaining traction, offering greater depth perception and object recognition capabilities. This is particularly beneficial for tasks like quality control in complex geometries.
Global Machine Vision Market Research Report Coverage (2023-2030)
| Report coverage | Details | |
|---|---|---|
| Base year | 2023 | |
| Forecast year | 2030 | |
| Unit shipment | Thousand units | |
| Revenue | USD million | |
| By offerings |
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| By Scanning |
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| By vision technology |
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| By application |
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| By geography |
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| Market players coverage (Top 5 players market share) |
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Market Dynamics: Key drivers, trends, and challenges
- Key market drivers
- Integration of AI and machine learning algorithms into machine vision systems
- Rising implementation of embedded vision systems
- Key market trends
- Growing investment in Industry 4.0 and smart manufacturing
- Rising adoption of 3D vision technology
- Key market challenges
- Complexity of image interpretation
- Lack of standardized interfaces and protocols for machine vision components
Key questions to be answered
1. What is the current market size of the Global Machine Vision market, and what is its growth potential over the next five years?
2. How many Machine Vision Systems were shipped in 2023, and the forecasted shipmnet by 2030?
3. What is the Compound Annual Growth Rate (CAGR) of the Global Machine Vision market?
4. Which are the key segments covered in the Global Machine Vision market, and which segments are experiencing the fastest growth?
5. Which geographical region offers the highest growth opportunities in the Global Machine Vision market?
6. How is the competitive landscape evolving, and who are the key players in the Global Machine Vision market?
7. Who are the top five players in the Global Machine Vision market, and what is their respective market share?
TABLE OF CONTENTS
- 1. Project scope
- 1.1 Market definition
- 1.2 Study objective
- 1.3 Scope inclusions
- 1.4 Scope exclusions
- 1.5 Assumptions
- 1.6 Limitations
- 2. Executive summary
- 2.1 Key findings of the study
- 2.2 Key insights from industry experts
- 2.3 Analyst opinion
- 3. Research methodology
- 3.1 Supply-side research methodology
- 3.2 Demand-side research methodology
- 4. Market dynamics
- 4.1 Trends
- 4.2 Drivers
- 4.3 Challenges
- 4.4 Ecosystem
- 4.5 Use cases
- 4.6 Market developments
- 4.6.1 Macroeconomic factors
- 4.6.1.1 Currency fluctuations
- 4.6.1.2 Supply chain disruptions
- 4.6.1.3 Government regulations
- 4.6.1.4 Others
- 4.6.2 Microeconomic factors
- 4.6.2.1 Price fluctuations
- 4.6.2.2 Technological advancements
- 4.6.1 Macroeconomic factors
- 5. Machine vision market size and forecast, by offerings
- 5.1 Components unit shipment and revenue 2023-2030 (Thousand units and USD million)
- 5.1.1 Machine vision systems (camera, lighting, lens, embedded processors)
- 5.1.2 External lighting
- 5.1.3 External optics and lenses
- 5.1.4 Standalone cameras
- 5.1.5 Frame grabbers
- 5.1.6 PC/display panel
- 5.1.7 Machine vision controllers
- 5.2 Software/platforms revenue 2023-2030 (USD million)
- 5.2.1 Standard software
- 5.2.2 Deep learning software
- 5.1 Components unit shipment and revenue 2023-2030 (Thousand units and USD million)
- 6. Machine vision market size and forecast, by scanning
- 6.1 Unit shipment 2023-2030 (Thousand units)
- 6.1.1 Line scan
- 6.1.2 Area scan
- 6.2 Revenue 2023-2030 (USD million)
- 6.2.1 Line scan
- 6.2.2 Area scan
- 6.1 Unit shipment 2023-2030 (Thousand units)
- 7. Machine vision market size and forecast, by vision technology
- 7.1 Unit shipment 2023-2030 (Thousand units)
- 7.1.1 1D/2D machine vision systems
- 7.1.2 3D machine vision systems
- 7.2 Revenue 2023-2030 (USD million)
- 7.2.1 1D/2D machine vision systems
- 7.2.2 3D machine vision systems
- 7.1 Unit shipment 2023-2030 (Thousand units)
- 8. Machine vision market size and forecast, by application
- 8.1 Unit shipment 2023-2030 (Thousand units)
- 8.1.1 Quality Assurance and Inspection
- 8.1.2 Position Guidance
- 8.1.3 Measurement
- 8.1.4 Identification
- 8.1.5 Others
- 8.2 Revenue 2023-2030 (USD million)
- 8.2.1 Quality Assurance and Inspection
- 8.2.2 Position Guidance
- 8.2.3 Measurement
- 8.2.4 Identification
- 8.2.5 Others
- 8.1 Unit shipment 2023-2030 (Thousand units)
- 9. Machine vision market size and forecast, by geography
- 9.1 Americas
- 9.1.1 US
- 9.1.2 Canada
- 9.1.3 Mexico
- 9.1.4 Brazil
- 9.1.5 Argentina
- 9.1.6 Rest of Americas
- 9.2 Europe
- 9.2.1 Germany
- 9.2.2 UK
- 9.2.3 France
- 9.2.4 Italy
- 9.2.5 Nordic countries (Sweden, Norway, Denmark, Finland)
- 9.2.6 Rest of Europe
- 9.3 APAC
- 9.3.1 China
- 9.3.2 Japan
- 9.3.3 India
- 9.3.4 South Korea
- 9.3.5 Rest of APAC
- 9.4 MEA
- 9.4.1 UAE
- 9.4.2 Saudi Arabia
- 9.4.3 Qatar
- 9.4.4 Rest of Middle East
- 9.4.5 Africa
- 9.1 Americas
- 10. Competitive scenario
- 10.1 Market concentration
- 10.2 Top five companies market share 2023
- 10.3 Key strategies
- 10.4 Key investments
- 11. Company profiles
- 11.1 Allied Vision Technologies
- 11.1.1 Business overview
- 11.1.2 Product portfolio
- 11.1.3 Key developments
- 11.2 Banner Engineering
- 11.2.1 Business overview
- 11.2.2 Product portfolio
- 11.2.3 Key developments
- 11.3 Basler
- 11.3.1 Business overview
- 11.3.2 Product portfolio
- 11.3.3 Key developments
- 11.4 Baumer
- 11.4.1 Business overview
- 11.4.2 Product portfolio
- 11.4.3 Key developments
- 11.5 Cognex
- 11.5.1 Business overview
- 11.5.2 Product portfolio
- 11.5.3 Key developments
- 11.6 Datalogic
- 11.6.1 Business overview
- 11.6.2 Product portfolio
- 11.6.3 Key developments
- 11.7 Datasensor
- 11.7.1 Business overview
- 11.7.2 Product portfolio
- 11.7.3 Key developments
- 11.8 Hamamatsu Photonics
- 11.8.1 Business overview
- 11.8.2 Product portfolio
- 11.8.3 Key developments
- 11.9 Hikrobot
- 11.9.1 Business overview
- 11.9.2 Product portfolio
- 11.9.3 Key developments
- 11.10 IDS Imaging Development Systems
- 11.10.1 Business overview
- 11.10.2 Product portfolio
- 11.10.3 Key developments
- 11.11 JAI A/S
- 11.11.1 Business overview
- 11.11.2 Product portfolio
- 11.11.3 Key developments
- 11.12 Industrial Vision Systems
- 11.12.1 Business overview
- 11.12.2 Product portfolio
- 11.12.3 Key developments
- 11.13 KEYENCE
- 11.13.1 Business overview
- 11.13.2 Product portfolio
- 11.13.3 Key developments
- 11.14 LMI Technologies
- 11.14.1 Business overview
- 11.14.2 Product portfolio
- 11.14.3 Key developments
- 11.15 MVTEC SOFTWARE
- 11.15.1 Business overview
- 11.15.2 Product portfolio
- 11.15.3 Key developments
- 11.16 National Instruments
- 11.16.1 Business overview
- 11.16.2 Product portfolio
- 11.16.3 Key developments
- 11.17 Omron
- 11.17.1 Business overview
- 11.17.2 Product portfolio
- 11.17.3 Key developments
- 11.18 Photonfocus
- 11.18.1 Business overview
- 11.18.2 Product portfolio
- 11.18.3 Key developments
- 11.19 Sick
- 11.19.1 Business overview
- 11.19.2 Product portfolio
- 11.19.3 Key developments
- 11.20 Sony
- 11.20.1 Business overview
- 11.20.2 Product portfolio
- 11.20.3 Key developments
- 12.21 Stemmer Imaging
- 12.21.1 Business overview
- 12.21.2 Product portfolio
- 12.21.3 Key developments
- 11.22 Teledyne DALSA
- 11.22.1 Business overview
- 11.22.2 Product portfolio
- 11.22.3 Key developments
- 11.23 Teledyne FLIR
- 11.23.1 Business overview
- 11.23.2 Product portfolio
- 11.23.3 Key developments
- 11.24 Vision Components
- 11.24.1 Business overview
- 11.24.2 Product portfolio
- 11.24.3 Key developments
- 11.25 ZEBRA
- 11.25.1 Business overview
- 11.25.2 Product portfolio
- 11.25.3 Key developments
- 11.1 Allied Vision Technologies
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