Industrial machine vision finds extensive applications across industries, including automotive, electronics, pharmaceuticals, and more. Its key features include high-resolution cameras, advanced sensors, and intelligent image processing algorithms, enabling accurate defect detection, quality control, and product verification. The advantages encompass improved production efficiency, reduced manual labor, enhanced product consistency, and decreased waste. Streamlining manufacturing processes and ensuring adherence to quality standards, industrial machine vision significantly contributes to cost savings, increased productivity, and overall operational excellence.
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Data Bridge Market Research analyses that the Global Industrial Machine Vision Market is valued at USD 11,150 million in 2022 and is expected to reach USD 21,160 million by 2030, registering a CAGR of 8.11% during the forecast period of 2023 to 2030. The increasing adoption of automation and Industry 4.0 initiatives in various industries has led to a growing demand for machine vision systems to enhance production processes, improve quality control, and increase efficiency.
Key Findings of the Study
Advancements in imaging technologies are expected to drive the market's growth rate
Continuous advancements in imaging technologies, including high-resolution cameras, sensors, and sophisticated image processing algorithms, have significantly improved machine vision systems. These enhancements have led to greater accuracy and precision, allowing the systems to tackle complex inspection tasks with higher efficiency. The improved capabilities of machine vision play a crucial role in enhancing quality control, increasing productivity, and ensuring consistent and reliable manufacturing processes across various industries.
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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20201 (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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Component (Hardware, Software), Product Type (PC-Based Machine Vision Systems, Smart Camera-Based Vision Systems), Technology (Laser, Imaging, Augmented), End User (Automotive, Consumer Electronics, Electronics and Semiconductor, Healthcare, Printing, Metals, Wood and Paper, Food and Packaging, Rubber and Plastics, Pharmaceuticals, Glass, Machinery, Solar Panel Manufacturing), Application (Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification)
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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 industrial machine vision market is segmented on the basis of component, product type, technology, end user, and application.
- On the basis of component, the market is segmented into hardware, software.
- On the basis of product type, the market is segmented into PC-based machine vision systems, and smart camera-based vision systems.
- On the basis of technology, the market is segmented into laser, imaging, and augmented.
- On the basis of end user, the market is segmented into automotive, consumer electronics, electronics and semiconductor, healthcare, printing, metals, wood and paper, food and packaging, rubber and plastics, pharmaceuticals, glass, machinery, and solar panel manufacturing.
- On the basis of application, the market is segmented into quality assurance and inspection, positioning and guidance, measurement, and identification.
Major Players
Data Bridge Market Research recognizes the following companies as the major industrial machine vision market players in industrial 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.)
Market Development
- In March 2021, Cognex has unveiled the DataMan 8700 Series, representing the next generation of handheld barcode scanners. This latest release is built on an entirely new platform and boasts cutting-edge performance. Notably, the device is exceptionally user-friendly, eliminating the need for any pre-configuration or operator training.
Regional Analysis
Geographically, the countries covered in the industrial 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 dominates the industrial machine vision market during the forecast period 2023 -2030
In 2023, North America dominates the industrial machine vision market due to the presence of major key players in the market further accelerating growth during the forecast period. These established players bring expertise, resources, and innovative solutions, contributing to the development and adoption of cutting-edge machine vision technology in the region. This robust market growth is expected to continue as industries embrace automation and seek optimized operational efficiency.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030
In 2023, Asia-Pacific is expected to witness significant growth due to the rise of new entrants and startups in the market bringing fresh perspectives and innovative technologies, leading to increased competition and further market expansion. As more companies recognize the benefits of machine vision in improving production efficiency and product quality, the market is poised for substantial growth in the coming years.
For more detailed information about the industrial machine vision market report, click here – https://www.databridgemarketresearch.com/reports/global-industrial-machine-vision-market
