Global Machine Vision (MV) Market 2024-2028

Global Machine Vision (Mv) Market 2024-2028

The machine vision (mv) market is forecasted to grow by USD 8949.3 mn during 2023-2028, accelerating at a CAGR of 10.87% during the forecast period. The report on the machine vision (mv) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by significant cost savings in operation due to process control, rise in demand for machine vision systems from apac, and increasing demand for machine vision systems from the automotive industry.

Technavio's machine vision (mv) market is segmented as below:

By End-user

• Industrial
• Non-industrial

By Type

• Vision system
• Cameras
• Others

By Geographical Landscape

• APAC
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the increasing incorporation of thermal inspection in machine vision systems as one of the prime reasons driving the machine vision (mv) market growth during the next few years. Also, requirements for vision-guided robots in manufacturing activities and rise in demand for industrial internet of things will lead to sizable demand in the market.

The report on the machine vision (mv) market covers the following areas:

• Machine vision (mv) market sizing
• Machine vision (mv) market forecast
• Machine vision (mv) market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading machine vision (mv) market vendors that include Adimec Advanced Image Systems bv, ADLINK Technology Inc., Advantech Co. Ltd., AFRY AB, Basler AG, Baumer Holding AG, Cognex Corp., Datalogic SpA, DATASENSOR INDIA PVT. LTD., Industrial Vision Systems Ltd., Intel Corp., iX Cameras Ltd, JAI AS, Keyence Corp., OMRON Corp., Optronis GmbH, Sony Group Corp., Teledyne Technologies Inc., TKH Group NV, and Toshiba Corp.. Also, the machine vision (mv) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.