Global Industrial Machine Vision Market
The global industrial machine vision market is expected to reach USD 18.25 billion by 2031 from USD 10.53 billion in 2023, growing with a substantial CAGR of 7.21% during the forecast period of 2024 to 2031.
Global Industrial Machine Vision Market, By Component (Hardware and Software), Product (Smart Camera/Smart Sensor Vision System, Hybrid Smart Camera Vision System, and PC Based), Type (2D Vision Systems, 3D Vision Systems and 1D Vision Systems), Deployment (Robotic Cell and General), Applications (Defect Detection, Product Inspection, Surface Inspection, Packaging Inspection, Identification, OCR/OCV, Pattern Recognition, Gauging, Guidance and Part Tracking, Web Inspection, and Others), End-User (Automotive, Consumer Electronic, Food and Packaging, Pharmaceuticals, Metals, Printing, Aerospace, Glass, Rubber and Plastics, Mining, Textiles, Wood and Paper, Machinery, Solar Panel Manufacturing, and Others), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Russia, Turkey, Belgium, Netherlands, Sweden, Switzerland, Rest of Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, South Africa, Egypt, Israel, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2031
Overview of Global Industrial Machine Vision Market Dynamics:Drivers
• Growing focus on quality control and inspection
• Increasing adoption of automation across various industries
• Increased labor costs and shortages
• Fast expanding industry 4.0
Restraints
• High initial costs of setting up industrial machine vision systems
• Complexity of integration of industrial machine vision systems
Opportunities
• Advancements in AI and deep learning
• Technological advancements in various components of industrial machine vision
• Expansion of smart cities and IoT
Market Players:
The key market players operating in the global industrial machine vision market are listed below:
• KEYENCE CORPORATION
• OMRON Corporation
• Sony Semiconductor Solutions Corporation
• Cognex Corporation
• SICK AG
• Teledyne FLIR LLC
• NATIONAL INSTRUMENTS CORP.
• BASLER AG
• ISRA VISION
• Intel Corporation
• Texas Instruments Incorporated
• Cadence Design Systems, Inc.
• Automatic Identification Systems (UK) Limited
• Kalypso: A Rockwell Automation Business
• MV Asia Infomatrix Pte Ltd
• Ceva, Inc.
• Soda Vision
• Qualitas Technologies
• The Imaging Source, LLC
• Integro Technologies Corp.