Machine Vision Market Size - By Offering, By Product, By Application, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Machine Vision Market Size - By Offering, By Product, By Application, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2032

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.

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.

Scope of the Report:

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.

Global Machine Vision Industry Market Segmentation:

By End-Use:Based on the End-Use, Global Machine Vision Industry Market is segmented as; 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 Panelling, Machinery.

By Region:Asia-Pacific generated the largest share of sales in last year, driven by numerous opportunities presented by the region's large manufacturing practices. Countries such as China, Japan, Australia, and Singapore are seen as potential markets for emerging technologies, including imaging.