Global Machine Vision Market Overview
According to SPER Market Research, the Global Machine Vision Market is estimated to reach USD 30.53 billion by 2032 with a CAGR of 7.9%.
The ability of machine vision systems to process large amounts of information in a split second is a key driver of the market. The high-speed processing power of machine vision systems paves the way for manufacturers to reach new milestones in producing products with few defects. Furthermore, increasing adoption of robots in the industrial sector leads to the application of visually guided robotic systems. Industries such as automotive, pharmaceutical, packaging, food and beverage are major sectors adopting robotic systems, ultimately driving the demand for machine vision systems.
Impact of COVID-19 on the Global Machine Vision Market
The Covid-19 outbreak has adversely affected the economy due to government measures such as lockdowns and border closures, causing delays in procurement, manufacturing and delivery. The economic development of China, which started economic activity early in Asia, is on a recovery trend. On the other hand, in Europe and the United States, there was a trend reversal, but economic development continued. Covid-19 has spread across the region, leading to city closures, border restrictions and traffic disruptions. International trade, manufacturing and energy sectors should be greatly affected. During the course of Covid-19, businesses around the world have faced major challenges. With offices, production facilities and other facilities closed around the world, how can you keep your operations running? The food processing and medical packaging industries are increasingly automated due to social distancing standards.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By Technology, By Application, By End-User |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | Allied Vision, Basler AG, Bosch Rexroth, Cognex Corporation, Euclid Labs, FLIR Systems, Intel Corporation, ISRA Vision, Keyence, National Instruments, Omron Corporation, Optotune AG, Sick AG, Sony Corporation, Teledyne Technologies, Texas Instruments, USS Vision, ViDi Systems SA |
Global Machine Vision Market Segmentation:
1. By Offering:
- Hardware
- Camera
- Frame Grabber
- Optics/Lenses
- LED Lighting
- Processor
- Software
- Barcode Reading
- Standard Algorithm
- Deep Learning Software
- Services
- Integration
- Solution Management
2. By Product:
- PC Based
- Smart Camera Based
3. By Application:
- Quality Assurance and Inspection
- Positioning and Guidance
- Measurement
- Identification
4. By End-Use:
- Pharmaceutical companies
- Automotive
- Pharmaceuticals & Chemicals
- Electronics & Semiconductor
- Pulp & Paper
- Printing & Labelling
- Food & Beverage (Packaging and Bottling)
- Glass & Metal
- Postal & Logistics
- Agriculture
- Security & Surveillance
- Rubber
- Plastics
- Solar Paneling
- Machinery
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- South America
Key Topics Covered in the Report:- Size of Global Machine Vision Market(FY’2019-FY’2032)
- Overview of Global Machine Vision Market
- Segmentation of Global Machine Vision Market By Offering(Hardware, Software, Services).
- Segmentation of Global Machine Vision Market By Product(PC Based, Smart Camera Based).
- Segmentation of Global Machine Vision Market By Application(Quality Assurance and Inspection, Positioning and Guidance, Measurement,Identification).
- Segmentation of Global Machine Vision Market By End-Use(Automotive, Pharmaceuticals & Chemicals, Electronics & Semiconductor, Pulp & Paper, Printing & Labelling, Food & Beverage (Packaging and Bottling), Glass & Metal, Postal & Logistics, Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery)
- Statistical Snap of Global Machine Vision Market
- Growth Analysis of Global Machine Vision Market
- Problems and Challenges in Global Machine Vision Market
- Competitive Landscape in the Global Machine Vision Market
- Impact of COVID-19 and Demonetizationon Global Machine Vision Market
- Details on Recent Investment in Global Machine Vision Market
- Competitive Analysis of Global Machine Vision Market
- Major Players in the Global Machine Vision Market
- SWOT Analysis of Global Machine Vision Market
- Global Machine Vision Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Machine Vision Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL analysis
5.2.1. Political landscape
5.2.2. Economic landscape
5.2.3. Social landscape
5.2.4. Technological landscape
5.2.5. Environmental landscape
5.2.6. Legal landscape
5.3. PORTER’S five forces analysis
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of Buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Machine Vision Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Machine Vision Industry Market
7. Global Machine Vision Market, By Offering, 2019-2032 (USD Million)
7.1. Hardware
7.1.1. Camera
7.1.2. Frame Grabber
7.1.3. Optics/Lenses
7.1.4. LED Lighting
7.1.5. Processor
7.2. Software
7.2.1. Barcode Reading
7.2.2. Standard Algorithm
7.2.3. Deep Learning Software
7.3. Services
7.3.1. Integration
7.3.2. Solution Management
8. Global Machine Vision Market, By Product, 2019-2032 (USD Million)
8.1. PC Based
8.2. Smart Camera Based
9. Global Machine Vision Market, By Application, 2019-2032 (USD Million)
9.1. Quality Assurance and Inspection
9.2. Positioning and Guidance
9.3. Measurement
9.4. Identification
10. Global Machine Vision Market, By End-Use, 2019-2032 (USD Million)
10.1. Pharmaceutical companies
10.2. Automotive
10.3. Pharmaceuticals & Chemicals
10.4. Electronics & Semiconductor
10.5. Pulp & Paper
10.6. Printing & Labelling
10.7. Food & Beverage (Packaging and Bottling)
10.8. Glass & Metal
10.9. Postal & Logistics
10.10. Agriculture
10.11. Security & Surveillance
10.12. Rubber
10.13. Plastics
10.14. Solar Paneling
10.15. Machinery
11. Global Machine Vision Market, By Region, 2019-2032 (USD Million)
11.1. Global Machine Vision Market Size and Market Share by Region (2019-2025)
11.2. Global Machine Vision Market Size and Market Share by Region (2026-2032)
11.3. Asia-Pacific
11.3.1. Australia
11.3.2. China
11.3.3. India
11.3.4. Japan
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4. Europe
11.4.1. France
11.4.2. Germany
11.4.3. Italy
11.4.4. Spain
11.4.5. United Kingdom
11.4.6. Rest of Europe
11.5. Middle East & Africa
11.5.1. Kingdom of Saudi Arabia
11.5.2. United Arab Emirates
11.5.3. Rest of Middle East & Africa
11.6. North America
11.6.1. Canada
11.6.2. Mexico
11.6.3. United States
11.7. Latin America
11.7.1. Argentina
11.7.2. Brazil
11.7.3. Rest of Latin America
12. Company Profiles
12.1. Allied Vision
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Basler AG
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Bosch Rexroth
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Cognex Corporation
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Euclid Labs
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. FLIR Systems
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Intel Corporation
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. ISRA Vision
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Keyence
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. National Instruments
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Omron Corporation
12.11.1. Company details
12.11.2. Financial outlook
12.11.3. Product summary
12.11.4. Recent developments
12.12. Optotune AG
12.12.1. Company details
12.12.2. Financial outlook
12.12.3. Product summary
12.12.4. Recent developments
12.13. Sick AG
12.13.1. Company details
12.13.2. Financial outlook
12.13.3. Product summary
12.13.4. Recent developments
12.14. Sony Corporation
12.14.1. Company details
12.14.2. Financial outlook
12.14.3. Product summary
12.14.4. Recent developments
12.15. Teledyne Technologies
12.15.1. Company details
12.15.2. Financial outlook
12.15.3. Product summary
12.15.4. Recent developments
12.16. Texas Instruments
12.16.1. Company details
12.16.2. Financial outlook
12.16.3. Product summary
12.16.4. Recent developments
12.17. USS Vision
12.17.1. Company details
12.17.2. Financial outlook
12.17.3. Product summary
12.17.4. Recent developments
12.18. ViDi Systems SA
12.18.1. Company details
12.18.2. Financial outlook
12.18.3. Product summary
12.18.4. Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope