Machine Vision Market Size, Trends, Growth | Forecast 2027

 

Machine Vision Market

The Machine Vision Market is expected to grow at a robust CAGR during the forecast period (2020-2027).

The factors driving the growth of Machine Vision Market includes growing demand for vision guided robotic systems in end-use industries such as pharmaceutical, automotive, packaging and food & beverage and emerging need for quality inspection and automation. As per the report published by Bloomberg, the Global Food Robotics Market is predicted to reach USD 3.35 billion by the end of 2025, exhibiting CAGR of 13.1% over the forecasted period (2017-2025), which is expected to boost the Machine Vision Market Growth in the approaching years. Moreover, the integration of advanced technologies such as Artificial Intelligence (AI), Industry 4.0 and Cloud Computing and increasing investment in the manufacturing sector, are some of the additional factors, supplementing the Global Machine Vision Market. In addition, rapid industrialization, increasing volumes of data generated around the world and rising disposable incomes, are further augmenting the Machine Vision Market share.

However, the growth of Machine Vision Market is hindered due to high maintenance cost and insufficient availability of skilled professionals in the labor market.

The leading players operating in the market are Allied Vision Technologies GmbH, Intel Corporation, Cognex Corporation, Basler AG, Omron Corporation, Baumer Optronic GmbH, Jai A/S, National Instruments Corporation, Keyence Corporation, Sony Corporation, Texas Instruments, Inc. and Teledyne Technologies, Inc. among others.

Product: Segment Analysis

According to Machine Vision Market Analysis, the smart camera-based vision system segment is projected to capture sizeable market share over the forecast period attributed to its cost-effective features and it is simple to integrate with the existing automation system.

End-Use: Segment Analysis

As per Machine Vision Market Report, the food and packaging segment is predicted to capture the largest share in the market during the forecast period due to increasing application of machine vision systems in food and beverage industry for quality inspection, ensuring food safety, packaging, and tracking and tracing the food products.

Regional: Segment Analysis

Based on region, the Asia-pacific region is expected to dominate the market over the forecast period. The increasing automation in packaging, pharmaceutical and food and packaging industries, favorable Government policies regarding manufacturing of automobiles and availability of cheap labor, are some of the important factors propelling the Machine Vision Market size in Asia-Pacific region.

 

 

Market Segmentation

Global Machine Vision Market by Deployment

  • General machine vision system
  • Robotic cell

Global Machine Vision Market by Offering

  • Hardware
    • Camera
      • Interface Standards
        • Camera Link
        • Gige
        • USB 3.0
        • Coaxpress
        • Others
      • Imaging Spectrum
        • Visible
        • Visible +IR/IR
      • By Frame Rate
        • <25 FPS
        • 25–125 FPS
        • >125 FPS
      • By Format
        • Line Scan
        • Area Scan
      • By Sensor Type
        • CMOS
        • CCD
      • Frame GrABBer
      • Optics
      • LED Lighting
      • Processor
        • FPGA
        • DSP
        • Microcontroller and Microprocessor
      • Software
        • Application-Specific
          Deep Learning Software

Global Machine Vision Market by Product

  • PC-Based Machine Vision Systems
  • Smart Camera-Based Vision Systems

Global Machine Vision Market by Application

  • Quality Assurance & Inspection
  • Positioning and Guidance
  • Measurement
  • Identification
  • Predictive Maintenance

Global Machine Vision Market by End-user Industry

  • Automotive
  • Electronics & Semiconductor
  • Consumer Electronics
  • Glass
  • Metals
  • Wood & Paper
  • Pharmaceutical
  • Food & Packaging
  • Rubber and Plastic
  • Printing
  • Machinery/Equipment
  • Solar Panel Manufacturing
  • Textile

 

Global Machine Vision Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

 

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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