Market by Type, Component, Application, Vertical, and Country Outlook | Forecast 2023-2030
The study by Triton Market Research depicts that Europe’s machine vision market will develop with a CAGR of 5.18% in the forecast period from 2023 to 2030.
The
countries analyzed in this market include:
• Germany
• Italy
• France
• Spain
• The
United Kingdom
• Rest
of Europe
Spain is anticipated to observe the fastest growth in
the regional market over the forecasted period. The industrial sector in European
nations is shifting towards digital transformation. Thus, there is a growing
focus on adopting automated systems, and thereby reducing operational costs.
Governments
are implementing favorable policies to encourage SMEs to move towards
automation. Also, the incentives offered by the European Union (EU) to the
manufacturing sector have influenced the adoption of smart factory solutions
such as machine vision.
The
growing automotive industry has fueled the demand for machine vision systems in
Spain. It is among the top ten automobile manufacturers in the world. The
presence of key automotive OEMs, such as SEAT, General Motors, Volkswagen,
Nissan, and Fiat Chrysler, has played a major role in enhancing the demand for
MV systems in the country. This, in turn, is expected to drive the studied
market’s growth over the coming years.
Germany’s
expenditure on research and development has grown tremendously in the past two
decades. In 2020, the R&D spending amounted to 3.16% of the national GDP,
and is expected to amount to 3.50% by 2025. Most of Germany’s private sector
R&D investments are carried out by the automotive, engineering, and
chemical & pharmaceutical sectors, which largely deploy machine vision
systems. The country has also invested $391.9 million to jumpstart Industry
4.0, which would apply artificial intelligence, robotics, and the IoT to advanced manufacturing. This,
in addition to the growing focus on sustainability in the manufacturing sector,
is expected to widen the scope of the German machine vision market.
Machine
vision shows huge potential in the healthcare segment. The adoption of sensors
and smart cameras to monitor and care for patients is driving the MV market in
healthcare. Machine vision systems are used in the medical device industry for
inspecting prosthetic, orthopedic, surgical, and other appliances. Also, ASMV
systems for the pharmaceutical & medical device industries are specially
built to adapt as per variations in product size, design, and other factors.
Triton’s report assesses the market based on vertical,
component, type, and application. Here, the verticals segment
comprises healthcare, electronics & semiconductors, automotive, food &
packaging, and other verticals.
The well-known players functioning in the machine
vision market include FLIR Systems Inc, Isra Vision AG, Jai AS, Allied Vision
Technologies GmbH, National Instruments Corporation (NI), USS Vision, Datalogic
SpA, and Optotune AG.
Founded in 1988, Basler AG is a company that
provides industrial cameras for a wide range of applications. Its offerings
include area scan cameras, 3D cameras, line scan cameras, network cameras,
cables, software, lenses, powerpack microscopy, and additional accessories. The
company also offers cameras for embedded vision, embedded vision kits, and
components for embedded vision systems. Its products find applications in
industrial mass production, traffic control, as well as medical technology. The
Germany-based company is headquartered in Ahrensburg, Schleswig-Holstein.
Key
deliverables of the report:
● Market CAGR during the forecasting years 2023-2030
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the machine vision market revenue growth in Europe and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the Europe
machine vision market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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1. EUROPE
MACHINE VISION MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE EUROPE MACHINE VISION MARKET
2.1.1. IMPACT
OF COVID-19 ON THE MACHINE VISION MARKET
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF SUPPLIERS
2.2.4. BARGAINING
POWER OF BUYERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
MATURITY ANALYSIS
2.4. KEY
IMPACT ANALYSIS
2.4.1. ACCURACY
2.4.2. COST-EFFECTIVENESS
2.4.3. FLEXIBILITY
2.5. KEY
MARKET STRATEGIES
2.5.1. ACQUISITIONS
2.5.2. PRODUCT
DEVELOPMENTS
2.5.3. INVESTMENTS
& EXPANSIONS
2.6. MARKET
DRIVERS
2.6.1. INCREASED
NEED FOR SMART FACTORIES
2.6.2. WIDENING
APPLICATIONS OF MV SYSTEMS
2.6.3. RISING
NEED FOR PROPER DEFECT DETECTION
2.6.4. TREND
OF MINIATURIZED PRODUCTS
2.7. MARKET
CHALLENGES
2.7.1. LACK
OF EXPERTISE
2.7.2. UNAWARENESS
ABOUT THE BENEFITS OF MACHINE VISION SYSTEMS
2.7.3. COMPLICATIONS
ASSOCIATED WITH THE IMPLEMENTATION OF MV SYSTEMS
2.7.4. LACK
OF STANDARDIZATION
2.8. MARKET
OPPORTUNITIES
2.8.1. CONTINUOUS
DEVELOPMENT OF CMOS IMAGE SENSORS
2.8.2. ADOPTION
OF INDUSTRIAL INTERNET OF THINGS (IIOT)
2.8.3. INTEGRATION
OF MACHINE VISION WITH CLOUD TECHNOLOGY
2.8.4. GROWING
AUTOMATION IN INDUSTRIAL APPLICATIONS
2.9. ANALYST
PERSPECTIVE
3. EUROPE
MACHINE VISION MARKET – BY TYPE
3.1. 1D
MACHINE VISION
3.2. 2D
MACHINE VISION
3.3. 3D
MACHINE VISION
4. EUROPE
MACHINE VISION MARKET – BY COMPONENT
4.1. HARDWARE
4.1.1. ASMV
4.1.2. CAMERAS
4.1.3. SENSORS
4.1.4. ILLUMINATIONS
4.1.5. PROCESSORS
4.1.6. OTHER
HARDWARE
4.2. SOFTWARE
5. EUROPE
MACHINE VISION MARKET – BY APPLICATION
5.1. INSPECTION
5.2. GAUGING
5.3. GUIDANCE
5.4. IDENTIFICATION
5.5. OTHER
APPLICATIONS
6. EUROPE
MACHINE VISION MARKET – BY VERTICAL
6.1. AUTOMOTIVE
6.2. ELECTRONICS
& SEMICONDUCTORS
6.3. HEALTHCARE
6.4. FOOD
& PACKAGING
6.5. OTHER
VERTICALS
7. EUROPE
MACHINE VISION MARKET – COUNTRY OUTLOOK
7.1. EUROPE
7.1.1. MARKET
BY TYPE
7.1.2. MARKET
BY COMPONENT
7.1.3. MARKET
BY HARDWARE COMPONENTS
7.1.4. MARKET
BY APPLICATION
7.1.5. MARKET
BY VERTICAL
7.1.6. COUNTRY
ANALYSIS
7.1.6.1. UNITED
KINGDOM
7.1.6.1.1. UNITED
KINGDOM MACHINE VISION MARKET FORECAST & PROSPECTS
7.1.6.2. GERMANY
7.1.6.2.1. GERMANY
MACHINE VISION MARKET FORECAST & PROSPECTS
7.1.6.3. FRANCE
7.1.6.3.1. FRANCE
MACHINE VISION MARKET FORECAST & PROSPECTS
7.1.6.4. SPAIN
7.1.6.4.1. SPAIN
MACHINE VISION MARKET FORECAST & PROSPECTS
7.1.6.5. ITALY
7.1.6.5.1. ITALY
MACHINE VISION MARKET FORECAST & PROSPECTS
7.1.6.6. REST
OF EUROPE
7.1.6.6.1. REST
OF EUROPE MACHINE VISION MARKET FORECAST & PROSPECTS
8. COMPETITIVE
LANDSCAPE
8.1. COGNEX
CORPORATION
8.1.1. OVERVIEW
8.1.2. PORTFOLIO
8.2. ALLIED
VISION TECHNOLOGIES GMBH
8.2.1. OVERVIEW
8.2.2. PORTFOLIO
8.3. BASLER
AG
8.3.1. OVERVIEW
8.3.2. PORTFOLIO
8.4. TELEDYNE
TECHNOLOGIES INCORPORATED
8.4.1. OVERVIEW
8.4.2. PORTFOLIO
8.5. BAUMER
ELECTRIC AG
8.5.1. OVERVIEW
8.5.2. PORTFOLIO
8.6. DATALOGIC
SPA
8.6.1. OVERVIEW
8.6.2. PORTFOLIO
8.7. USS
VISION
8.7.1. OVERVIEW
8.7.2. PORTFOLIO
8.8. KEYENCE
CORPORATION
8.8.1. OVERVIEW
8.8.2. PORTFOLIO
8.9. FLIR
SYSTEMS INC
8.9.1. OVERVIEW
8.9.2. PORTFOLIO
8.10. JAI
AS
8.10.1. OVERVIEW
8.10.2. PORTFOLIO
8.11. PERCEPTRON
INC
8.11.1. OVERVIEW
8.11.2. PORTFOLIO
8.12. OPTOTUNE
AG
8.12.1. OVERVIEW
8.12.2. PORTFOLIO
8.13. ISRA
VISION AG
8.13.1. OVERVIEW
8.13.2. PORTFOLIO
8.14. OMRON
CORPORATION
8.14.1. OVERVIEW
8.14.2. PORTFOLIO
8.15. NATIONAL
INSTRUMENTS CORPORATION (NI)
8.15.1. OVERVIEW
8.15.2. PORTFOLIO
9. RESEARCH
METHODOLOGY & SCOPE
9.1. RESEARCH
SCOPE & DELIVERABLES
9.2. SOURCES
OF DATA
9.3. RESEARCH
METHODOLOGY
TABLE 1: EUROPE MACHINE
VISION MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: EUROPE MACHINE
VISION MARKET, BY TYPE, 2023-2030 (IN $ MILLION)
TABLE 3: EUROPE MACHINE
VISION MARKET, BY COMPONENT, 2023-2030 (IN $ MILLION)
TABLE 4: EUROPE MACHINE
VISION MARKET, BY HARDWARE, 2023-2030 (IN $ MILLION)
TABLE 5:
APPLICATION-SPECIFIC MACHINE VISION SYSTEMS IN INDUSTRIES
TABLE 6: EUROPE MACHINE
VISION MARKET, BY APPLICATION, 2023-2030 (IN $ MILLION)
TABLE 7: EUROPE MACHINE
VISION MARKET, BY VERTICAL, 2023-2030 (IN $ MILLION)
TABLE 8: EUROPE MACHINE
VISION MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
FIGURE 1: PROCESS OF MACHINE
VISION
FIGURE 2: MARKET
MATURITY ANALYSIS
FIGURE 3: KEY IMPACT
ANALYSIS
FIGURE 4: EUROPE
MACHINE VISION MARKET, BY TYPE, 2022 & 2030 (IN %)
FIGURE 5: EUROPE
MACHINE VISION MARKET, BY 1D MACHINE VISION, 2023-2030 (IN $ MILLION)
FIGURE 6: EUROPE MACHINE
VISION MARKET, BY 2D MACHINE VISION, 2023-2030 (IN $ MILLION)
FIGURE 7: EUROPE
MACHINE VISION MARKET, BY 3D MACHINE VISION, 2023-2030 (IN $ MILLION)
FIGURE 8: EUROPE
MACHINE VISION MARKET, BY COMPONENT, 2022 & 2030 (IN %)
FIGURE 9: EUROPE
MACHINE VISION MARKET, BY HARDWARE, 2023-2030 (IN $ MILLION)
FIGURE 10: EUROPE
MACHINE VISION MARKET, BY HARDWARE, 2022 & 2030 (IN %)
FIGURE 11: EUROPE
MACHINE VISION MARKET, BY ASMV, 2023-2030 (IN $ MILLION)
FIGURE 12: EUROPE
MACHINE VISION MARKET, BY CAMERAS, 2023-2030 (IN $ MILLION)
FIGURE 13: EUROPE
MACHINE VISION MARKET, BY SENSORS, 2023-2030 (IN $ MILLION)
FIGURE 14: EUROPE
MACHINE VISION MARKET, BY ILLUMINATIONS, 2023-2030 (IN $ MILLION)
FIGURE 15: EUROPE
MACHINE VISION MARKET, BY PROCESSORS, 2023-2030 (IN $ MILLION)
FIGURE 16: EUROPE
MACHINE VISION MARKET, BY OTHER HARDWARE COMPONENTS, 2023-2030 (IN $ MILLION)
FIGURE 17: EUROPE
MACHINE VISION MARKET, BY SOFTWARE, 2023-2030 (IN $ MILLION)
FIGURE 18: EUROPE
MACHINE VISION MARKET, BY APPLICATION, 2022 & 2030 (IN %)
FIGURE 19: EUROPE
MACHINE VISION MARKET, BY INSPECTION, 2023-2030 (IN $ MILLION)
FIGURE 20: EUROPE
MACHINE VISION MARKET, BY GAUGING, 2023-2030 (IN $ MILLION)
FIGURE 21: EUROPE
MACHINE VISION MARKET, BY GUIDANCE, 2023-2030 (IN $ MILLION)
FIGURE 22: EUROPE MACHINE
VISION MARKET, BY IDENTIFICATION, 2023-2030 (IN $ MILLION)
FIGURE 23: EUROPE
MACHINE VISION MARKET, BY OTHER APPLICATIONS, 2023-2030 (IN $ MILLION)
FIGURE 24: EUROPE
MACHINE VISION MARKET, BY VERTICAL, 2022 & 2030 (IN %)
FIGURE 25: EUROPE
MACHINE VISION MARKET, BY AUTOMOTIVE, 2022-2030 (IN $ MILLION)
FIGURE 26: EUROPE
MACHINE VISION MARKET, BY ELECTRONICS & SEMICONDUCTORS, 2022-2030 (IN $
MILLION)
FIGURE 27: EUROPE
MACHINE VISION MARKET, BY HEALTHCARE, 2022-2030 (IN $ MILLION)
FIGURE 28: EUROPE MACHINE
VISION MARKET, BY FOOD & PACKAGING, 2022-2030 (IN $ MILLION)
FIGURE 29: EUROPE
MACHINE VISION MARKET, BY OTHER VERTICALS, 2022-2030 (IN $ MILLION)
FIGURE 30: EUROPE
MACHINE VISION MARKET, COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 31: UNITED
KINGDOM MACHINE VISION MARKET 2023-2030 (IN $ MILLION)
FIGURE 32: GERMANY
MACHINE VISION MARKET 2023-2030 (IN $ MILLION)
FIGURE 33: FRANCE
MACHINE VISION MARKET 2023-2030 (IN $ MILLION)
FIGURE 34: SPAIN
MACHINE VISION MARKET 2023-2030 (IN $ MILLION)
FIGURE 35: ITALY
MACHINE VISION MARKET 2023-2030 (IN $ MILLION)
FIGURE 36: REST OF
EUROPE MACHINE VISION MARKET 2023-2030 (IN $ MILLION)