Machine Vision Market

Global Machine Vision Market Size, Trends & Analysis - Forecasts to 2029 By Offering (Hardware, Software, and Services), By Product (PC Based and Smart Camera Based), By Application (Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification, and Predictive Maintenance), and By Region (North America, Asia Pacific, Central & South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Electronics, Semiconductors and Information & Communication Technology
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This report was recently updated on November 17 2024 with the latest and most recent market numbers

Global Machine Vision Market Size

The global machine vision market is expected to grow at a CAGR of 12.3% during the forecast period from 2024 to 2029. Cameras and computer algorithms aid in detecting defects, measuring dimensions, and enhancing productivity.

The market is driven by technological advancements and increasing demand for automation. Technological advances such as improved sensors, enhanced image processing algorithms, and the integration of artificial intelligence have significantly improved the capabilities and efficiency of machine vision systems. Simultaneously, industries are increasingly embracing automation to streamline processes, boost productivity, and ensure consistent quality control. As a result, the demand for machine vision solutions continues to rise, driven by the need for advanced inspection, measurement, and analysis capabilities to meet evolving industry requirements and enhance operational efficiency. An opportunity exists to expand machine vision applications into emerging sectors like healthcare and agriculture. With these industries adopting automation and digitization, there is a rising demand for advanced imaging solutions. This presents a lucrative chance for machine vision providers to broaden their offerings and enter new markets.

However, the high initial investment required for implementing machine vision systems is a significant market restraint. The costs associated with hardware, software, training, and integration can be substantial, particularly for small and medium-sized enterprises (SMEs).

global machine vision market

Global Machine Vision Market: By Offering

Based on offering, the market is segmented into hardware, software, and services. The hardware segment is expected to hold the largest share of the market during the forecast period. This growth is attributed to the tangible nature of hardware products, such as devices and equipment, which often form the backbone of technological solutions, driving higher demand and revenue than software and services.

The software segment is projected to grow fastest during the forecast period. This surge can be attributed to increasing demand for innovative software solutions catering to various industries and consumer needs. As technology evolves, businesses and individuals increasingly rely on software to streamline operations, enhance productivity, and meet evolving market demands, driving the segment's rapid growth.

Global Machine Vision Market: By Product

Based on product, the market is segmented into PC based, and smart camera based. The PC based segment is expected to hold the largest share of the market during the forecast period. This dominance is likely due to the widespread adoption of PC-based systems across various industries, driven by their versatility, compatibility with existing infrastructure, and robust performance capabilities.

The smart camera based segment is projected to grow fastest during the forecast period. This surge can be attributed to the rising adoption of smart camera technology across various sectors like surveillance, automotive, and retail, driven by advancements such as AI integration and IoT connectivity, which enhance functionality and offer innovative applications, fueling the segment's rapid growth.

Global Machine Vision Market: By Application

Based on application, the market is segmented into quality assurance and inspection, positioning and guidance, measurement, identification, and predictive maintenance. The quality assurance and inspection segment is expected to hold the largest share of the market during the forecast period. This dominance is driven by the critical role of quality control in ensuring product integrity across industries, leading to heightened demand for solutions that enhance accuracy, efficiency, and compliance within manufacturing and production processes.

The identification segment is projected to grow fastest during the forecast period due to the increasing demand for identification technologies such as RFID and barcode scanning, driven by their widespread applications in inventory management, supply chain optimization, and retail operations, propelling the segment's expansion during the forecast period.

asia pacific machine vision market

Global Machine Vision Market: By Region

North America is analyzed to be the largest region in the global machine vision market during the forecast period. This dominant position is attributed to robust technological infrastructure, high adoption rates of automation solutions, and significant investments in research and development. Additionally, a strong presence of key market players and a supportive regulatory environment contribute to North America's market growth.

Asia Pacific is analyzed to be the fastest-growing region in the global machine vision market during the forecast period. Rapid industrialization across the Asia Pacific fuels demand for automation technologies like machine vision. Increasing investments in Industry 4.0 initiatives boost the adoption of machine vision systems. Technological advancements and decreasing costs make machine vision more accessible in the region. Supportive government policies and initiatives further stimulate market growth in Asia Pacific.

Global Machine Vision Market Share and Competitor Analysis

Allied Vision Technologies GmbH, Basler AG, Cognex Corporation, Keyence Corporation, LMI Technologies, Inc., Microscan Systems, Inc., National Instruments Corporation, OMRON Corporation, Sick AG, and Tordivel AS, among others, are some of the key players operating in the global market.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Machine Vision Market: Recent Developments

In November 2023, Basler AG announced its new partnership with Siemens. This strategic partnership will make it much easier for automation customers in all industries to integrate machine vision solutions directly into their automation systems.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL MACHINE VISION  MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL MACHINE VISION MARKET, BY PRODUCT

4.1   Introduction

4.2   Machine Vision Market: Product Scope Key Takeaways

4.3   Revenue Growth Analysis, 2023 & 2029

4.4   PC Based

4.4.1        PC Based Market Estimates and Forecast, 2021-2029 (USD Million)

4.5   Smart Camera Based

4.5.1        Smart Camera Based Market Estimates and Forecast, 2021-2029 (USD Million)

5          GLOBAL MACHINE VISION MARKET, BY OFFERING

5.1   Introduction

5.2   Machine Vision Market: Offering Scope Key Takeaways

5.3   Revenue Growth Analysis, 2023 & 2029

5.4   Hardware

5.4.1        Hardware Market Estimates and Forecast, 2021-2029 (USD Million)

5.5   Software

5.5.1        Software Market Estimates and Forecast, 2021-2029 (USD Million)

5.6   Services

5.6.1        Services Market Estimates and Forecast, 2021-2029 (USD Million)

6          GLOBAL MACHINE VISION MARKET, BY APPLICATION

6.1   Introduction

6.2   Machine Vision Market: Application Scope Key Takeaways

6.3   Revenue Growth Analysis, 2023 & 2029

6.4   Quality Assurance and Inspection

6.4.1        Quality Assurance and Inspection Market Estimates and Forecast, 2021-2029 (USD Million)

6.5   Positioning and Guidance

6.5.1        Positioning and Guidance Market Estimates and Forecast, 2021-2029 (USD Million)

6.6   Measurement

6.6.1        Measurement Market Estimates and Forecast, 2021-2029 (USD Million)

6.7   Identification

6.7.1        Identification Market Estimates and Forecast, 2021-2029 (USD Million)

6.8   Predictive Maintenance

6.8.1        Predictive Maintenance Market Estimates and Forecast, 2021-2029 (USD Million)

7          GLOBAL MACHINE VISION MARKET, BY REGION

7.1   Introduction

7.2   North America Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.1        By Product

7.2.2        By Offering

7.2.3        By Application

7.2.4        By Country

7.2.4.1     U.S. Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.1.1        By Product

7.2.4.1.2        By Offering

7.2.4.1.3        By Application

7.2.4.2     Canada Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.2.1        By Product

7.2.4.2.2        By Offering

7.2.4.2.3        By Application

7.2.4.3     Mexico Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.3.1        By Product

7.2.4.3.2        By Offering

7.2.4.3.3        By Application

7.3   Europe Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.1        By Product

7.3.2        By Offering

7.3.3        By Application

7.3.4        By Country

7.3.4.1     Germany Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.1.1        By Product

7.3.4.1.2        By Offering

7.3.4.1.3        By Application

7.3.4.2     U.K. Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.2.1        By Product

7.3.4.2.2        By Offering

7.3.4.2.3        By Application

7.3.4.3     France Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.3.1        By Product

7.3.4.3.2        By Offering

7.3.4.3.3        By Application

7.3.4.4     Italy Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.4.1        By Product

7.3.4.4.2        By Offering

7.2.4.4.3        By Application

7.3.4.5     Spain Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.5.1        By Product

7.3.4.5.2        By Offering

7.2.4.5.3        By Application

7.3.4.6     Netherlands Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.6.1        By Product

7.3.4.6.2        By Offering

7.2.4.6.3        By Application

7.3.4.7     Rest of Europe Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.7.1        By Product

7.3.4.7.2        By Offering

7.2.4.7.3        By Application

7.4   Asia Pacific Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.1        By Product

7.4.2        By Offering

7.4.3        By Application

7.4.4        By Country

7.4.4.1     China Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.1.1        By Product

7.4.4.1.2        By Offering

7.4.4.1.3        By Application

7.4.4.2     Japan Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.2.1        By Product

7.4.4.2.2        By Offering

7.4.4.2.3        By Application

7.4.4.3     India Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.3.1        By Product

7.4.4.3.2        By Offering

7.4.4.3.3        By Application

7.4.4.4     South Korea Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.4.1        By Product

7.4.4.4.2        By Offering

7.4.4.4.3        By Application

7.4.4.5     Singapore Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.5.1        By Product

7.4.4.5.2        By Offering

7.4.4.5.3        By Application

7.4.4.6     Malaysia Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.6.1        By Product

7.4.4.6.2        By Offering

7.4.4.6.3        By Application

7.4.4.7     Thailand Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.7.1        By Product

7.4.4.7.2        By Offering

7.4.4.7.3        By Application

7.4.4.8     Indonesia Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.8.1        By Product

7.4.4.8.2        By Offering

7.4.4.8.3        By Application

7.4.4.9     Vietnam Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.9.1        By Product

7.4.4.9.2        By Offering

7.4.4.9.3        By Application

7.4.4.10  Taiwan Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.10.1 By Product

7.4.4.10.2 By Offering

7.4.4.10.3 By Application

7.4.4.11  Rest of Asia Pacific Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.11.1 By Product

7.4.4.11.2 By Offering

7.4.4.11.3 By Application

7.5   Middle East and Africa Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.1        By Product

7.5.2        By Offering

7.5.3        By Application

7.5.4        By Country

7.5.4.1     Saudi Arabia Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.1.1        By Product

7.5.4.1.2        By Offering

7.5.4.1.3        By Application

7.5.4.2     U.A.E. Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.2.1        By Product

7.5.4.2.2        By Offering

7.5.4.2.3        By Application

7.5.4.3     Israel Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.3.1        By Product

7.5.4.3.2        By Offering

7.5.4.3.3        By Application

7.5.4.4     South Africa Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.4.1        By Product

7.5.4.4.2        By Offering

7.5.4.4.3        By Application

7.5.4.5     Rest of Middle East and Africa Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.5.1        By Product

7.5.4.5.2        By Offering

7.5.4.5.2        By Application

7.6   Central & South America Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.1        By Product

7.6.2        By Offering

7.6.3        By Application

7.6.4        By Country

7.6.4.1     Brazil Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.1.1        By Product

7.6.4.1.2        By Offering

7.6.4.1.3        By Application

7.6.4.2     Argentina Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.2.1        By Product

7.6.4.2.2        By Offering

7.6.4.2.3        By Application

7.6.4.3     Chile Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.3.1        By Product

7.6.4.3.2        By Offering

7.6.4.3.3        By Application

7.6.4.4     Rest of Central & South America Machine Vision Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.4.1        By Product

7.6.4.4.2        By Offering

7.6.4.4.3        By Application

8          COMPETITIVE LANDCAPE

8.1   Company Market Share Analysis

8.2   Four Quadrant Positioning Matrix

8.2.1        Market Leaders

8.2.2        Market Visionaries

8.2.3        Market Challengers

8.2.4        Niche Market Players

8.3   Vendor Landscape

8.3.1        North America

8.3.2        Europe

8.3.3        Asia Pacific

8.3.4        Rest of the World

8.4   Company Profiles  

8.4.1        Allied Vision Technologies GmbH

8.4.1.1 Business Description & Financial Analysis

8.4.1.2 SWOT Analysis

8.4.1.3 Products & Services Offered

8.4.1.4 Strategic Alliances between Business Partners

8.4.2        Basler AG

8.4.2.1 Business Description & Financial Analysis

8.4.2.2 SWOT Analysis

8.4.2.3 Products & Services Offered

8.4.2.4 Strategic Alliances between Business Partners

8.4.3        Cognex Corporation

8.4.3.1 Business Description & Financial Analysis

8.4.3.2 SWOT Analysis

8.4.3.3 Products & Services Offered

8.4.3.4 Strategic Alliances between Business Partners

8.4.4        Keyence Corporation

8.4.4.1 Business Description & Financial Analysis

8.4.4.2 SWOT Analysis

8.4.4.3 Products & Services Offered

8.4.4.4 Strategic Alliances between Business Partners

8.4.5        LMI Technologies, Inc.

8.4.5.1 Business Description & Financial Analysis

8.4.5.2 SWOT Analysis

8.4.5.3 Products & Services Offered

8.4.5.4 Strategic Alliances between Business Partners

8.4.6        MICROSCAN SYSTEMS, INC.

8.4.6.1 Business Description & Financial Analysis

8.4.6.2 SWOT Analysis

8.4.6.3 Products & Services Offered

8.4.6.4 Strategic Alliances between Business Partners

8.4.7        National Instruments Corporation

8.4.7.1 Business Description & Financial Analysis

8.4.7.2 SWOT Analysis

8.4.7.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.8        OMRON Corporation

8.4.8.1 Business Description & Financial Analysis

8.4.8.2 SWOT Analysis

8.4.8.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.9        SICK AG

8.4.9.1 Business Description & Financial Analysis

8.4.9.2 SWOT Analysis

8.4.9.3 Products & Services Offered

8.4.9.4 Strategic Alliances between Business Partners

8.4.10      Tordivel AS

8.4.10.1 Business Description & Financial Analysis

8.4.10.2 SWOT Analysis

8.4.10.3 Products & Services Offered

8.4.10.4 Strategic Alliances between Business Partners

8.4.11      Other Companies

8.4.11.1 Business Description & Financial Analysis

8.4.11.2 SWOT Analysis

8.4.11.3 Products & Services Offered

8.4.11.4 Strategic Alliances between Business Partners

9          RESEARCH METHODOLOGY

9.1   Market Introduction

9.1.1        Market Definition

9.1.2        Market Scope & Segmentation

9.2   Information Procurement

9.2.1        Secondary Research

9.2.1.1 Purchased Databases

9.2.1.2 GMEs Internal Data Repository

9.2.1.3 Secondary Resources & Third Party Perspectives

9.2.1.4 Company Information Sources

9.2.2        Primary Research

9.2.2.1 Various Types of Respondents for Primary Interviews

9.2.2.2 Number of Interviews Conducted throughout the Research Process

9.2.2.3 Primary Stakeholders

9.2.2.4 Discussion Guide for Primary Participants

9.2.3        Expert Panels

9.2.3.1 Expert Panels Across 30+ Industry

9.2.4        Paid Local Experts

9.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

9.3   Market Estimation

9.3.1        Top-Down Approach

9.3.1.1 Macro-Economic Indicators Considered

9.3.1.2 Micro-Economic Indicators Considered

9.3.2        Bottom Up Approach

9.3.2.1 Company Share Analysis Approach

9.3.2.2 Estimation of Potential Product Sales

9.4   Data Triangulation

9.4.1        Data Collection

9.4.2        Time Series, Cross Sectional & Panel Data Analysis

9.4.3        Cluster Analysis

9.5   Analysis and Output

9.5.1        Inhouse AI Based Real Time Analytics Tool

9.5.2        Output From Desk & Primary Research

9.6   Research Assumptions & Limitations

9.7.1        Research Assumptions

9.7.2        Research Limitations

 

LIST OF TABLES

1 Global Machine Vision Market, By Product, 2021-2029 (USD Million)

2 PC Based Market, By Region, 2021-2029 (USD Million)          

3 Smart Camera Based Market, By Region, 2021-2029 (USD Million)

4 Global Machine Vision Market, By Offering, 2021-2029 (USD Million)

5 Hardware Market, By Region, 2021-2029 (USD Million)        

6 Software Market, By Region, 2021-2029 (USD Million)

7 Services Market, By Region, 2021-2029 (USD Million)

8 Global Machine Vision Market, By Application, 2021-2029 (USD Million)

9 Quality Assurance and Inspection Market, By Region, 2021-2029 (USD Million)  

10 POSITIONING AND GUIDANCE Market, By Region, 2021-2029 (USD Million)    

11 MEASUREMENT Market, By Region, 2021-2029 (USD Million)

12 Identification Market, By Region, 2021-2029 (USD Million)               

13 Predictive Maintenance Market, By Region, 2021-2029 (USD Million)          

14 Regional Analysis, 2021-2029 (USD Million)              

15 North America Machine Vision Market, By Product, 2021-2029 (USD Million)

16 North America Machine Vision Market, By Offering, 2021-2029 (USD Million)

17 North America Machine Vision Market, By Application, 2021-2029 (USD Million)

18 North America Machine Vision Market, By Country, 2021-2029 (USD Million)

19 U.S. Machine Vision Market, By Product, 2021-2029 (USD Million)

20 U.S. Machine Vision Market, By Offering, 2021-2029 (USD Million)

21 U.S. Machine Vision Market, By Application, 2021-2029 (USD Million)

22 Canada Machine Vision Market, By Product, 2021-2029 (USD Million)

23 Canada Machine Vision Market, By Offering, 2021-2029 (USD Million)

24 Canada Machine Vision Market, By Application, 2021-2029 (USD Million)

25 Mexico Machine Vision Market, By Product, 2021-2029 (USD Million)

26 Mexico Machine Vision Market, By Offering, 2021-2029 (USD Million)

27 Mexico Machine Vision Market, By Application, 2021-2029 (USD Million)

28 Europe Machine Vision Market, By Product, 2021-2029 (USD Million)

29 Europe Machine Vision Market, By Offering, 2021-2029 (USD Million)

30 Europe Machine Vision Market, By Application, 2021-2029 (USD Million)

31 Europe Machine Vision Market, By COUNTRY, 2021-2029 (USD Million)

32 Germany Machine Vision Market, By Product, 2021-2029 (USD Million)

33 Germany Machine Vision Market, By Offering, 2021-2029 (USD Million)

34 Germany Machine Vision Market, By Application, 2021-2029 (USD Million)

35 UK Machine Vision Market, By Product, 2021-2029 (USD Million)

36 UK Machine Vision Market, By Offering, 2021-2029 (USD Million)

37 UK Machine Vision Market, By Application, 2021-2029 (USD Million)

38 France Machine Vision Market, By Product, 2021-2029 (USD Million)

39 France Machine Vision Market, By Offering, 2021-2029 (USD Million)

40 France Machine Vision Market, By Application, 2021-2029 (USD Million)

41 Italy Machine Vision Market, By Product, 2021-2029 (USD Million)

42 Italy Machine Vision Market, By T End Use Type, 2021-2029 (USD Million)

43 Italy Machine Vision Market, By Application, 2021-2029 (USD Million)

44 Spain Machine Vision Market, By Product, 2021-2029 (USD Million)

45 Spain Machine Vision Market, By Offering, 2021-2029 (USD Million)

46 Spain Machine Vision Market, By Application, 2021-2029 (USD Million)

47 Rest Of Europe Machine Vision Market, By Product, 2021-2029 (USD Million)

48 Rest Of Europe Machine Vision Market, By Offering, 2021-2029 (USD Million)

49 Rest of Europe Machine Vision Market, By Application, 2021-2029 (USD Million)

50 Asia Pacific Machine Vision Market, By Product, 2021-2029 (USD Million)

51 Asia Pacific Machine Vision Market, By Offering, 2021-2029 (USD Million)

52 Asia Pacific Machine Vision Market, By Application, 2021-2029 (USD Million)

53 Asia Pacific Machine Vision Market, By Country, 2021-2029 (USD Million)

54 China Machine Vision Market, By Product, 2021-2029 (USD Million)

55 China Machine Vision Market, By Offering, 2021-2029 (USD Million)

56 China Machine Vision Market, By Application, 2021-2029 (USD Million)

57 India Machine Vision Market, By Product, 2021-2029 (USD Million)

58 India Machine Vision Market, By Offering, 2021-2029 (USD Million)

59 India Machine Vision Market, By Application, 2021-2029 (USD Million)

60 Japan Machine Vision Market, By Product, 2021-2029 (USD Million)

61 Japan Machine Vision Market, By Offering, 2021-2029 (USD Million)

62 Japan Machine Vision Market, By Application, 2021-2029 (USD Million)

63 South Korea Machine Vision Market, By Product, 2021-2029 (USD Million)

64 South Korea Machine Vision Market, By Offering, 2021-2029 (USD Million)

65 South Korea Machine Vision Market, By Application, 2021-2029 (USD Million)

66 Malaysia Machine Vision Market, By Product, 2021-2029 (USD Million)

67 Malaysia Machine Vision Market, By Offering, 2021-2029 (USD Million)

68 Malaysia Machine Vision Market, By Application, 2021-2029 (USD Million)

69 Vietnam Machine Vision Market, By Product, 2021-2029 (USD Million)

70 Vietnam Machine Vision Market, By Offering, 2021-2029 (USD Million)

71 Vietnam Machine Vision Market, By Application, 2021-2029 (USD Million)

72 Rest of Asia Pacific Machine Vision Market, By Product, 2021-2029 (USD Million)

73 Rest of Asia Pacific Machine Vision Market, By Offering, 2021-2029 (USD Million)

74 Rest of Asia Pacific Machine Vision Market, By Application, 2021-2029 (USD Million)

75 Middle East and Africa Machine Vision Market, By Product, 2021-2029 (USD Million)

76 Middle East and Africa Machine Vision Market, By Offering, 2021-2029 (USD Million)

77 Middle East and Africa Machine Vision Market, By Application, 2021-2029 (USD Million)

78 Middle East and Africa Machine Vision Market, By Country, 2021-2029 (USD Million)

79 Saudi Arabia Machine Vision Market, By Product, 2021-2029 (USD Million)

80 Saudi Arabia Machine Vision Market, By Offering, 2021-2029 (USD Million)

81 Saudi Arabia Machine Vision Market, By Application, 2021-2029 (USD Million)

82 UAE Machine Vision Market, By Product, 2021-2029 (USD Million)

83 UAE Machine Vision Market, By Offering, 2021-2029 (USD Million)

84 UAE Machine Vision Market, By Application, 2021-2029 (USD Million)

85 Rest of Middle East and Africa Machine Vision Market, By Product, 2021-2029 (USD Million)

86 Rest of Middle East and Africa Machine Vision Market, By Offering, 2021-2029 (USD Million)

87 Rest of Middle East and Africa Machine Vision Market, By Application, 2021-2029 (USD Million)

88 Central & South America Machine Vision Market, By Product, 2021-2029 (USD Million)

89 Central & South America Machine Vision Market, By Offering, 2021-2029 (USD Million)

90 Central & South America Machine Vision Market, By Application, 2021-2029 (USD Million)

91 Central & South America Machine Vision Market, By Country, 2021-2029 (USD Million)

92 Brazil Machine Vision Market, By Product, 2021-2029 (USD Million)

93 Brazil Machine Vision Market, By Offering, 2021-2029 (USD Million)

94 Brazil Machine Vision Market, By Application, 2021-2029 (USD Million)

95 Argentina Machine Vision Market, By Product, 2021-2029 (USD Million)

96 Argentina Machine Vision Market, By Offering, 2021-2029 (USD Million)

97 Argentina Machine Vision Market, By Application, 2021-2029 (USD Million)

98 Rest of Central & South America Machine Vision Market, By Product, 2021-2029 (USD Million)

99 Rest of Central & South America Machine Vision Market, By Offering, 2021-2029 (USD Million)

100 Rest of Central & South America Machine Vision Market, By Application, 2021-2029 (USD Million)

101 Allied Vision Technologies GmbH: Products & Services Offering

102 Basler AG: Products & Services Offering   

103 Cognex Corporation: Products & Services Offering            

104 Keyence Corporation: Products & Services Offering          

105 LMI Technologies, Inc.: Products & Services Offering        

106 MICROSCAN SYSTEMS, INC.: Products & Services Offering   

107 National Instruments Corporation: Products & Services Offering           

108 OMRON Corporation: Products & Services Offering             

109 SICK AG: Products & Services Offering          

110 Tordivel AS: Products & Services Offering

111 Other Companies: Products & Services Offering    

LIST OF FIGURES

1 Global Machine Vision Market Overview

2 Global Machine Vision Market Value From 2021-2029 (USD Million)

3 Global Machine Vision Market Share, By Product (2023)

4 Global Machine Vision Market Share, By Offering (2023)

5 Global Machine Vision Market Share, By Application (2023)

6 Global Machine Vision Market, By Region (Asia Pacific Market)

7 Technological Trends In Global Machine Vision Market

8 Four Quadrant Competitor Positioning Matrix

9 Impact Of Macro & Micro Indicators On The Market

10 Impact Of Key Drivers On The Global Machine Vision Market

11 Impact Of Challenges On The Global Machine Vision Market

12 Porter’s Five Forces Analysis

13 Global Machine Vision Market: By Product Scope Key Takeaways

14 Global Machine Vision Market, By Product Segment: Revenue Growth Analysis

15 PC Based Market, By Region, 2021-2029 (USD Million)

16 Smart Camera Based Market, By Region, 2021-2029 (USD Million)

17 Global Machine Vision Market: By Offering Scope Key Takeaways

18 Global Machine Vision Market, By Offering Segment: Revenue Growth Analysis

19 Hardware Market, By Region, 2021-2029 (USD Million)

20 Software Market, By Region, 2021-2029 (USD Million)

21 Services Market, By Region, 2021-2029 (USD Million)

22 Global Machine Vision Market: By Application Scope Key Takeaways

23 Global Machine Vision Market, By Application Segment: Revenue Growth Analysis

24 Quality Assurance and Inspection Market, By Region, 2021-2029 (USD Million)  

25 Positioning and Guidance Market, By Region, 2021-2029 (USD Million)

26 Measurement Market, By Region, 2021-2029 (USD Million)

27 Identification Market, By Region, 2021-2029 (USD Million)

28 Predictive Maintenance Market, By Region, 2021-2029 (USD Million)

29 Regional Segment: Revenue Growth Analysis

30 Global Machine Vision Market: Regional Analysis

31 North America Machine Vision Market Overview

32 North America Machine Vision Market, By Product

33 North America Machine Vision Market, By Offering

34 North America Machine Vision Market, By Application

35 North America Machine Vision Market, By Country

36 U.S. Machine Vision Market, By Product

37 U.S. Machine Vision Market, By Offering

38 U.S. Machine Vision Market, By Application

39 Canada Machine Vision Market, By Product

40 Canada Machine Vision Market, By Offering

41 Canada Machine Vision Market, By Application

42 Mexico Machine Vision Market, By Product

43 Mexico Machine Vision Market, By Offering

44 Mexico Machine Vision Market, By Application

45 Four Quadrant Positioning Matrix

46 Company Market Share Analysis

47 Allied Vision Technologies GmbH: Company Snapshot

48 Allied Vision Technologies GmbH: SWOT Analysis

49 Allied Vision Technologies GmbH: Geographic Presence

50 Basler AG: Company Snapshot

51 Basler AG: SWOT Analysis

52 Basler AG: Geographic Presence

53 Cognex Corporation: Company Snapshot

54 Cognex Corporation: SWOT Analysis

55 Cognex Corporation: Geographic Presence

56 Keyence Corporation: Company Snapshot

57 Keyence Corporation: Swot Analysis

58 Keyence Corporation: Geographic Presence

59 LMI Technologies, Inc.: Company Snapshot

60 LMI Technologies, Inc.: SWOT Analysis

61 LMI Technologies, Inc.: Geographic Presence

62 MICROSCAN SYSTEMS, INC.: Company Snapshot

63 MICROSCAN SYSTEMS, INC.: SWOT Analysis

64 MICROSCAN SYSTEMS, INC.: Geographic Presence

65 National Instruments Corporation: Company Snapshot

66 National Instruments Corporation: SWOT Analysis

67 National Instruments Corporation: Geographic Presence

68 OMRON Corporation: Company Snapshot

69 OMRON Corporation: SWOT Analysis

70 OMRON Corporation: Geographic Presence

71 SICK AG.: Company Snapshot

72 SICK AG.: SWOT Analysis

73 SICK AG.: Geographic Presence

74 Tordivel AS: Company Snapshot

75 Tordivel AS: SWOT Analysis

76 Tordivel AS: Geographic Presence

77 Other Companies: Company Snapshot

78 Other Companies: SWOT Analysis

79 Other Companies: Geographic Presence

The Global Machine Vision Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Machine Vision Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Machine Vision Market.

Machine Vision Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Machine Vision Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Machine Vision Market Share

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Frequently Asked Questions

The global machine vision market is expected to grow at a CAGR of 12.3% during the forecast period from 2024 to 2029.
The key players operating in the market are Allied Vision Technologies GmbH, Basler AG, Cognex Corporation, Keyence Corporation, LMI Technologies, Inc., Microscan Systems, Inc., National Instruments Corporation, OMRON Corporation, Sick AG, and Tordivel AS, among others.
An opportunity exists in expanding machine vision applications into emerging sectors like healthcare and agriculture. With these industries adopting automation and digitization, there is a rising demand for advanced imaging solutions.
Global machine vision market growth is driven by technological advancements and increasing demand for automation.

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