Global 2D Machine Vision Market – Industry Trends and Forecast to 2030

2D Machine Vision Market Analysis and Size

The 2D machine vision is expected to grow significantly due to augmented requirement for smart factories, broad applications of 2D machine Vision systems, rising trend of miniaturized products and increasing need for proper defect detection. As per the analysis of Automated Imaging Association, 2D machine vision comprises all industrial and non-industrial applications in which a grouping of software and hardware components deliver operational direction to devices in the implementation of their functions based on the processing and capture of images.

Data Bridge Market Research analyses that the 2D machine vision market is expected to reach USD 7390.60 million by 2030, which is USD 2285.66 million in 2022, registering a CAGR of 15.80% during the forecast period of 2023 to 2030. 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 in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

2D Machine Vision Market Scope and Segmentation

Market Definition

Machine vision comprises the ability to inspect, observe and scrutinize work performance by installing one or more than one digital signal consumer electronics, video camera and analogue to digital conversation. For analyzation of preferred output, the data is then conveyed to a computer. Sensitivity and resolution are two significant aspect in 2D machine vision. For separating between objects, resolution is sensitivity and installed offered the ability for detecting objects in dark environments or dim lights. The area scans which are provided by 2D vision systems, perfect for discrete parts. Most software packages are well-suited with these devices. 2D systems are nearby in an ever-growing number of resolutions.

2D Machine Vision Market Dynamics

Drivers

• Rising demand of 2D machine vision in manufacturing firms

Manufacturing firms realize the profits of 2D machine vision systems globally, mainly in areas where redundant tasks such as inspection, should be accomplished with precision. These machines are playing an important role in hazardous environments and increases speed of production lines. These systems' important benefits include reduced machine downtime, increased productivity, and tighter process control.

• Increasing demand of food and beverage sector

The food and beverage industry is one of the most important markets for the 2D machine vision systems due to increasing safety culture and strict government guidelines forcing businesses to adopt develop inspection procedures as a part of automation. The food industry's systematic and uniform application of 2D machine vision over the past decade is mostly attributed to constant developments in constituent methodologies, such as pattern recognition and image processing. Moreover, Inspection of food, quality control, and in some cases, assembly control of more complex foods during the processing of food are some of the major factor which is anticipated to drive the market growth rate.

Opportunities

• Rising integration of  2D machine vision in numerous industry

Cloud technology has evolved over the last few years, and its integration has developed as a major trend. Companies are looking to implement this technology worldwide as a basic business enabler in the competitive and changing business environment. Since cloud technology can be used to retrieve and upload critical data anywhere and anytime with 24*7 access. The vendors and users of 2D machine vision systems are also looking for the cloud technology as the next innovation in the 2D machine vision market. Furthermore, cloud adoption in2D machine vision also helps to reduces costs, increases flexibility, increase operational efficiency and offers easy customization, easy access and better storage. All these factors will create immense opportunities for the growth of the market.

 Restraints/ Challenges

• Issues associated with 2D machine vision

The increasing risk of cyber-attacks on industrial machines such as robots and devices and lack of flexible machine vision solutions will hamper the market's growth. Also, the complications linked with the addition of machine vision solutions and the dearth of skilled professions in manufacturing will further pose major challenges to the market. Other factors such as less user awareness regarding rapidly changing machine vision technology also act as major market restrain and will further hinder the growth rate of market.

This 2D machine vision market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the 2D machine vision market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global 2D Machine Vision Market Scope

The 2D machine vision market is segmented on the basis of offering, deployment model, organization size, voice type, operating device, file format and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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 Type

• Neural and Customer Voice
• Non-Neural

Operating Device

• Computers
• Tablets
• Mobile Phones

 File Format

• 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

2D Machine Vision Market Regional Analysis/Insights

The 2D machine vision market is analyzed and market size insights and trends are provided by country, offering, deployment model, organization size, voice type, operating device, file format and end user as referenced above.

The countries covered in the 2D machine vision market report  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.

North America dominates the 2D machine vision market in terms of revenue and market share owing to the strong presence of major market players, growing demand for quality inspection and miniaturization of products and in this region.

Asia-Pacific will continue to project the highest growth rate during the forecast period of 2023-2030 owing to the increasing pharmaceutical industry in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and 2D Machine Vision Market Share Analysis

The 2D machine vision market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to 2D machine vision market.

Some of the major players operating in the 2D machine vision market are:

• 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)
• Cadence Design Systems, Inc. (U.S.)

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