Market by Type, Component, Application, Vertical, and Country Outlook | Forecast 2023-2030
As per Triton Market Research’s analysis, the machine vision market in Latin America is likely to advance with a CAGR of 5.30% during the forecast years from 2023 and 2030.
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The countries included in this region are:
• Mexico
• Brazil
• Rest of Latin America
Brazil leads the market in this region,
accounting for the highest share in 2022. Increasing awareness of advanced
manufacturing, surging demand from end-user verticals, and the growing focus by
manufacturers on developing consumer-centric products are factors primarily
driving the smart factory trend in Latin America. This is beneficial for the
growth of the machine vision market.
Brazil
has a highly developed manufacturing sector. The rising middle- and upper-class
population has increased consumption, which has pushed industries to implement
automation to cater to the growing demand.
Companies
are thus boosting their industrial production, capacities, and distribution
infrastructure, which has enhanced the deployment of MV systems. Similarly, it
is expected that rising nationwide investments by the government and private
players in the automotive, utilities, and oil & gas sectors will further
accelerate the adoption of machine vision systems in the country.
Growing
investments are being observed in the automotive industries across Brazil,
Mexico, and Argentina. For instance, Daimler and Renault-Nissan allocated $1.4
billion for a manufacturing plant in Mexico to enhance production capacities.
Moreover, BMW also invested $1 billion in the country to construct a
manufacturing facility, which began operations in 2019.
In
Brazil, GM committed $3.8 billion to set up its new facility. Whereas,
Whirlpool completed the expansion of its manufacturing plant in Argentina. Such
initiatives to bolster the automotive industry indicate a positive growth
potential for the machine vision market in the region.
As the name suggests, application-specific machine vision systems
(ASMVs) are built to address specific applications. A majority of industrial
end-users extensively utilize machine vision systems, and their adoption has
increased in these industries due to high growth. In versatile end-user
industries like pharmaceuticals and automotive, the specifications for machine
vision systems also vary according to applications. This has enhanced the need
for ASMVs to cater to a particular industry’s needs.
The studied report assesses the market’s growth
according to type, component, vertical, and application. Here, the component segment includes
hardware and software. Hardware further comprises ASMV, cameras, processors,
sensors, illuminations, and other hardware components.
The eminent players in the machine vision market
are USS Vision, Baumer Electric AG, Teledyne Technologies Incorporated,
Datalogic SpA, FLIR Systems Inc, National Instruments Corporation (NI), Jai AS,
and Allied Vision Technologies GmbH.
Datalogic SpA provides industrial automation solutions. It engages in
the design, manufacture, and sale of vision systems, computers, data collection
systems, bar code readers, sensors, and laser marking systems. Established in
1972, the company serves the manufacturing, healthcare, retail, and
transportation & logistics industries. It has a notable business presence
in Latin America.
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 Latin America 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 LA 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. LATIN
AMERICA MACHINE VISION MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE LATIN AMERICA 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. LATIN
AMERICA MACHINE VISION MARKET – BY TYPE
3.1. 1D
MACHINE VISION
3.2. 2D
MACHINE VISION
3.3. 3D
MACHINE VISION
4. LATIN
AMERICA 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 COMPONENTS
4.2. SOFTWARE
5. LATIN
AMERICA MACHINE VISION MARKET – BY APPLICATION
5.1. INSPECTION
5.2. GAUGING
5.3. GUIDANCE
5.4. IDENTIFICATION
5.5. OTHER
APPLICATIONS
6. LATIN
AMERICA MACHINE VISION MARKET – BY VERTICAL
6.1. AUTOMOTIVE
6.2. ELECTRONICS
& SEMICONDUCTORS
6.3. HEALTHCARE
6.4. FOOD
& PACKAGING
6.5. OTHER
VERTICALS
7. LATIN
AMERICA MACHINE VISION MARKET – COUNTRY OUTLOOK
7.1. LATIN
AMERICA
7.1.1. MARKET
BY TYPE
7.1.2. MARKET
BY COMPONENT
7.1.2.1. MARKET
BY HARDWARE
7.1.3. MARKET
BY APPLICATION
7.1.4. MARKET
BY VERTICAL
7.1.5. COUNTRY
ANALYSIS
7.1.5.1. BRAZIL
7.1.5.1.1. BRAZIL
MACHINE VISION MARKET FORECAST & PROSPECTS
7.1.5.2. MEXICO
7.1.5.2.1. MEXICO
MACHINE VISION MARKET FORECAST & PROSPECTS
7.1.5.3. REST
OF LATIN AMERICA
7.1.5.3.1. REST
OF LATIN AMERICA 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: LATIN AMERICA
MACHINE VISION MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: LATIN AMERICA
MACHINE VISION MARKET, BY TYPE, 2023-2030 (IN $ MILLION)
TABLE 3: LATIN AMERICA
MACHINE VISION MARKET, BY COMPONENT, 2023-2030 (IN $ MILLION)
TABLE 4: LATIN AMERICA
MACHINE VISION MARKET, BY HARDWARE, 2023-2030 (IN $ MILLION)
TABLE 5:
APPLICATION-SPECIFIC MACHINE VISION SYSTEMS IN INDUSTRIES
TABLE 6: LATIN AMERICA
MACHINE VISION MARKET, BY APPLICATION, 2023-2030 (IN $ MILLION)
TABLE 7: LATIN AMERICA
MACHINE VISION MARKET, BY VERTICAL, 2023-2030 (IN $ MILLION)
TABLE 8: LATIN AMERICA
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: LATIN AMERICA
MACHINE VISION MARKET, BY TYPE, 2022 & 2030 (IN %)
FIGURE 5: LATIN AMERICA
MACHINE VISION MARKET, BY 1D MACHINE VISION, 2023-2030 (IN $ MILLION)
FIGURE 6: LATIN AMERICA
MACHINE VISION MARKET, BY 2D MACHINE VISION, 2023-2030 (IN $ MILLION)
FIGURE 7: LATIN AMERICA
MACHINE VISION MARKET, BY 3D MACHINE VISION, 2023-2030 (IN $ MILLION)
FIGURE 8: LATIN AMERICA
MACHINE VISION MARKET, BY COMPONENT, 2022 & 2030 (IN %)
FIGURE 9: LATIN AMERICA
MACHINE VISION MARKET, BY HARDWARE, 2023-2030 (IN $ MILLION)
FIGURE 10: LATIN
AMERICA MACHINE VISION MARKET, BY HARDWARE, 2022 & 2030 (IN %)
FIGURE 11: LATIN
AMERICA MACHINE VISION MARKET, BY ASMV, 2023-2030 (IN $ MILLION)
FIGURE 12: LATIN
AMERICA MACHINE VISION MARKET, BY CAMERAS, 2023-2030 (IN $ MILLION)
FIGURE 13: LATIN
AMERICA MACHINE VISION MARKET, BY SENSORS, 2023-2030 (IN $ MILLION)
FIGURE 14: LATIN
AMERICA MACHINE VISION MARKET, BY ILLUMINATIONS, 2023-2030 (IN $ MILLION)
FIGURE 15: LATIN
AMERICA MACHINE VISION MARKET, BY PROCESSORS, 2023-2030 (IN $ MILLION)
FIGURE 16: LATIN
AMERICA MACHINE VISION MARKET, BY OTHER HARDWARE COMPONENTS, 2023-2030 (IN $
MILLION)
FIGURE 17: LATIN
AMERICA MACHINE VISION MARKET, BY SOFTWARE, 2023-2030 (IN $ MILLION)
FIGURE 18: LATIN
AMERICA MACHINE VISION MARKET, BY APPLICATION, 2022 & 2030 (IN %)
FIGURE 19: LATIN
AMERICA MACHINE VISION MARKET, BY INSPECTION, 2023-2030 (IN $ MILLION)
FIGURE 20: LATIN
AMERICA MACHINE VISION MARKET, BY GAUGING, 2023-2030 (IN $ MILLION)
FIGURE 21: LATIN
AMERICA MACHINE VISION MARKET, BY GUIDANCE, 2023-2030 (IN $ MILLION)
FIGURE 22: LATIN
AMERICA MACHINE VISION MARKET, BY IDENTIFICATION, 2023-2030 (IN $ MILLION)
FIGURE 23: LATIN
AMERICA MACHINE VISION MARKET, BY OTHER APPLICATIONS, 2023-2030 (IN $ MILLION)
FIGURE 24: LATIN
AMERICA MACHINE VISION MARKET, BY VERTICAL, 2022 & 2030 (IN %)
FIGURE 25: LATIN
AMERICA MACHINE VISION MARKET, BY AUTOMOTIVE, 2022-2030 (IN $ MILLION)
FIGURE 26: LATIN
AMERICA MACHINE VISION MARKET, BY ELECTRONICS & SEMICONDUCTORS, 2022-2030
(IN $ MILLION)
FIGURE 27: LATIN
AMERICA MACHINE VISION MARKET, BY HEALTHCARE, 2022-2030 (IN $ MILLION)
FIGURE 28: LATIN
AMERICA MACHINE VISION MARKET, BY FOOD & PACKAGING, 2022-2030 (IN $
MILLION)
FIGURE 29: LATIN
AMERICA MACHINE VISION MARKET, BY OTHER VERTICALS, 2022-2030 (IN $ MILLION)
FIGURE 30: LATIN
AMERICA MACHINE VISION MARKET, COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 31: BRAZIL
MACHINE VISION MARKET 2023-2030 (IN $ MILLION)
FIGURE 32: MEXICO
MACHINE VISION MARKET 2023-2030 (IN $ MILLION)
FIGURE 33: REST OF LATIN
AMERICA MACHINE VISION MARKET 2023-2030 (IN $ MILLION)