Industrial Machine Vision Market was valued at USD 10.5 Billion in 2022 and is projected to reach USD 17.8 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
The global industrial machine vision market has experienced significant growth due to the increasing demand for automation in manufacturing and industrial processes. Machine vision systems are used for quality control, inspection, and guidance in various industries, such as automotive, electronics, pharmaceuticals, and food processing. The rising need for high-precision and high-speed inspection systems has led to the development of advanced machine vision technologies, such as artificial intelligence (AI) and deep learning. Additionally, the growing adoption of Industry 4.0 and smart factory initiatives are driving the market’s expansion. As industries continue to focus on enhancing operational efficiency and reducing human error, the market for industrial machine vision is poised to expand further, with a steady increase in demand for high-quality, automated vision systems in production lines globally.
The market is expected to witness notable opportunities driven by technological advancements in machine vision hardware and software. Integration of 3D machine vision systems, hyperspectral imaging, and AI-based algorithms is opening new frontiers in industrial automation. Furthermore, the rise of Internet of Things (IoT) connectivity is enabling real-time monitoring and data analytics, which enhances machine vision capabilities. Manufacturers are increasingly incorporating machine vision for predictive maintenance, reducing downtime, and optimizing resource utilization. As industries continue to prioritize automation and technological innovation, there is growing potential for machine vision systems to serve new applications, such as robotics, packaging, and logistics. This progress is expected to propel the market further, creating a dynamic and competitive environment for machine vision solutions in the coming years.
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Cognex
Basler
OMRON
KEYENCE Corporation
National Instruments
Sony
Teledyne Technologies
Texas Instruments
Intel
Baumer Optronic
tordivel
ISRA VISION
MVTec Software
SICK
JAI A/S
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Gloabl Industrial Machine Vision Market
Quality Assurance and Inspection
Identification and Tracking
Automated Visual Inspection
Robotics Guidance
Sorting and Packaging
Hardware
Software
Services
Automotive
Electronics
Food and Beverages
Pharmaceuticals
Packaging
Aerospace
Metal
Healthcare
2D Machine Vision
3D Machine Vision
Hyperspectral Imaging
Infrared Imaging
Laser-Based Vision Systems
On-Premises
Cloud-Based
Hybrid
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Gloabl Industrial Machine Vision Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Gloabl Industrial Machine Vision Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Industrial Machine Vision Market, By Type
6. Gloabl Industrial Machine Vision Market, By Application
7. Gloabl Industrial Machine Vision Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Gloabl Industrial Machine Vision Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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