Machine vision involves the use of digital signal consumer electronics, video cameras, and analog-to-digital conversion to inspect and analyze work performance. It offers features such as object detection, pattern recognition, and measurement capabilities. 2D machine vision finds applications in quality control, robotics, packaging, and assembly processes, where it can be used for tasks like product inspection, barcode reading, defect detection, and alignment verification. It enables automation, improves efficiency, and ensures consistent product quality in various industries.
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Data Bridge Market Research analyses that the 2D Machine Vision Market is valued at USD 2,285.66 million in 2022 and is expected to reach USD 7390.60 million by 2030, registering a CAGR of 15.80% during the forecast period of 2023 to 2030. The increasing demand for automation and quality inspection in various industries. 2D machine vision systems offer efficient and accurate solutions for inspection, measurement, and identification tasks, driving their adoption and market expansion.
Key Findings of the Study
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Increasing demand from the food and beverage sector is expected to drive the market's growth rate
The 2D machine vision market is experiencing growth due to the increasing demand from the food and beverage sector. 2D machine vision systems offer efficient and precise inspection capabilities for quality control, packaging verification, label reading, and defect detection in the food and beverage production process. With the rising consumer expectations for quality and safety in food products, the industry is adopting 2D machine vision technologies to enhance productivity, ensure compliance, and maintain high standards of product quality, driving the market growth.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Offering (Software And Solution Services SAAS Support, Implementation, And Consulting), Deployment Model (Cloud, On-Premises) Organization Size (Large Enterprise Small And Medium-Sized Enterprises (SMEs)), Voice (Neural And Customer Voice Non-Neural), Operating Device (Computers Tablets Mobile Phones), File Format The Market (Mp3, Mp4, VOX, WMA, Others), End User (Banking, Financial Services, And Insurance (BFSI) Government Healthcare Consumer Electronics Transportation And Automotive Education Travel And Hospitality Retail And E-Commerce Enterprises And Others.)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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COGNEX CORPORATION (U.S.), Basler AG (Germany), OMRON Corporation (Japan), KEYENCE CORPORATION (Japan), NATIONAL INSTRUMENTS CORP. (U.S.), Sony Semiconductor Solutions Corporation (Japan), Teledyne Technologies Inc. (U.S.), Allied Vision Technologies GmbH (Germany), SICK AG (Germany), Texas Instruments Incorporated (U.S.), Intel Corporation (U.S.), Baumer (Switzerland), JAI A/S (Denmark), MVTEC SOFTWARE GMBH (Germany), Tordivel AS (Norway), ISRA VISION AG (Germany), FLIR Systems, Inc. (U.S.), AMETEK Surface Vision (U.S.), Qualitas Technologies Pvt Ltd (India), and Cadence Design Systems, Inc. (U.S.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The 2D machine vision market is segmented on the basis of offering, deployment model, and organization size, voice type, operating device, file format and end user.
- On the basis of offering, the advanced wound care market is classified into software and solution, services, SAAS support, implementation, and consulting. In 2023, software and solution segment dominates the 2D machine vision market in the forecast period of 2023-2030 due to its wide range of applications and capabilities. This segment includes software packages and solutions that enable image processing, analysis, and machine vision functionalities.
In 2023, the software and solution segment of the offering segment is anticipated to dominate the 2D machine vision market
In 2023, the dominance of the software and solution segment in the 2D machine vision market can be attributed to its extensive range of applications and capabilities. This segment encompasses software packages and solutions that facilitate image processing, analysis, and machine vision functionalities. Leveraging advancements in artificial intelligence, deep learning, and computer vision algorithms, these solutions offer improved precision, speed, and adaptability in detecting and analyzing objects.
- On the basis of deployment model, the global 2D machine vision market is classified into Cloud, On-premises. In 2023, cloud segment dominates the 2D machine vision market in the forecast period of 2023-2030 due to its numerous advantages such as scalability, flexibility, and cost-effectiveness. Cloud-based machine vision solutions enable seamless data storage, analysis, and collaboration, empowering businesses to leverage the power of cloud computing for their vision-based applications.
In 2023, the cloud segment is projected to hold the largest share of deployment model segment in the 2D machine vision market
In 2023, the machine vision market, the cloud segment is expected to have the largest share in the deployment model segment in the forecast period of 2023-2030. This can be attributed to the increasing adoption of cloud-based solutions, which offer benefits such as scalability, accessibility, and cost-effectiveness, making them ideal for storing and analyzing large volumes of image data in real time.
- On the basis of organization size, the global 2D machine vision market is classified into large enterprise, small and medium-sized enterprises (SMEs). Large Enterprise dominates the 2D machine vision market in the forecast period of 2023-2030 due to the extensive adoption of machine vision technology by large enterprises for quality control, automation, and optimization of manufacturing processes.
- On the basis of voice type, the global 2D machine vision market is classified into neural and customer voice, non-neural. The neural and customer voice segment dominates the growth of the 2D machine vision market in the forecast period of 2023-2030 due to the increasing adoption of neural network-based algorithms and technologies, along with the integration of voice recognition capabilities, to enhance the efficiency and accuracy of machine vision systems.
- On the basis of operating device, the global 2D machine vision market is classified into computers, tablets, and mobile phones. The Computers segment dominates the 2D machine vision market in the forecast period of 2023-2030 due to the critical role played by computer systems in processing and analyzing visual data captured by machine vision systems.
- On the basis of file format, the global 2D machine vision market is classified into mp3, mp4, VOX, WMA, Others. The mp3 segment dominates the file format segment owing to the number of increased use of the format.
- On the basis of end user, the global 2D machine vision market is classified into banking, financial services and insurance (BFSI) government healthcare consumer electronics transportation and automotive education travel and hospitality retail and e-commerce enterprises and others. The banking segment dominates as there is surging use of 2D machine vision in the forecast period of 2023-2030 in the banking sector.
Major Players
- Data Bridge Market Research recognizes the following companies as the major 2D machine vision market players in 2D machine vision market are COGNEX CORPORATION (U.S.), Basler AG (Germany), OMRON Corporation (Japan), KEYENCE CORPORATION (Japan), NATIONAL INSTRUMENTS CORP. (U.S.)
Market Developments
- In January 2022, Cognex Corporation unveiled its new high-resolution camera series with enhanced image processing capabilities, enabling improved accuracy and speed in 2D machine vision applications.
- In March 2021, Keyence Corporation introduced its deep learning-enabled machine vision software, enabling advanced object recognition and defect detection for enhanced inspection accuracy.
- In June 2022, Omron Corporation launched its compact and smart vision systems, providing seamless integration into existing production lines and enhancing automation capabilities.
- In September 2021, Basler AG expanded its application-specific solutions for industries like automotive, electronics, and pharmaceuticals, catering to the specific needs of these sectors.
- In November 2022, Teledyne Technologies Inc. introduced cloud-based machine vision solutions, enabling remote monitoring, data analysis, and real-time decision-making for efficient quality control.
- In February 2022, National Instruments Corporation integrated Industrial Internet of Things (IIoT) capabilities into its 2D machine vision systems, enabling real-time data collection and analysis for process optimization.
- In April 2021, Sick AG enhanced its user interfaces and data visualization tools for 2D machine vision inspections, offering a more intuitive and user-friendly experience for operators and inspectors.
Regional Analysis
Geographically, the countries covered in the 2D machine vision market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the 2D machine vision market during the forecast period 2023 - 2030
In 2023, North America dominated the 2D machine vision market due to several factors. The strong presence of major market players in the region has contributed to the development and adoption of advanced machine vision technologies. There is a growing demand for quality inspection in various industries, including manufacturing and automotive, driving the need for efficient and accurate machine vision systems. The trend towards miniaturization of products further boosts the demand for precise and reliable 2D machine vision solutions.
Asia-Pacific is estimated to be the fastest-growing region in the 2D machine vision market in the forecast period 2023 - 2030
Asia-Pacific is expected to grow during the forecast period as the pharmaceutical industry continues to expand, there is a growing need for advanced technologies to ensure quality control and inspection of pharmaceutical products. 2D machine vision systems offer accurate and reliable inspection capabilities, helping pharmaceutical companies maintain product integrity, compliance, and safety. This increasing demand from the pharmaceutical industry is fueling the growth of the 2D machine vision market in the region.
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