EUROPE MACHINE VISION MARKET 2023-2030

Automation | Industrial Automation

EUROPE MACHINE VISION MARKET 2023-2030

Market by Type, Component, Application, Vertical, and Country Outlook | Forecast 2023-2030

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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.


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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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Table of Content

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

List of Tables

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)

List of Figures

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)

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