GLOBAL MACHINE VISION MARKET 2021-2028

Automation | Industrial Automation

GLOBAL MACHINE VISION MARKET 2021-2028

Market by Type, Components, Application, Verticals, and Geography | Forecast 2021-2028

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Triton Market Research predicts that the global market for machine vision is set to grow at a CAGR of 7.63% during the forecast period 2021-2028. The market was valued at $9.75 billion in 2020 and is expected to reach $17.72 billion by 2028.


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Triton’s report on machine vision provides an in-depth insight into the market. The detailed analysis of the market includes key market insights, vendor scorecard, the impact of COVID-19, Porter’s five forces analysis, key impact analysis, and market attractiveness index.

Factors such as the increased need for smart factories, widening applications of MV systems, rising need for proper defect detection, and the trend of miniaturized products are expected to foster the growth of the machine vision market over the forecast period. A smart factory leads to the automation of facilities, helping reduce defects, human involvement, operational costs, machine downtime, expand operational control and information sharing, and avoid major factory accidents. In this regard, manufacturing-based countries like China and Germany have started to upgrade to smart factories to stay ahead of the competing countries. This will result in increased digital inspection and the setting up of advanced processes to monitor the product flow, resulting in the growth of the studied market.

Furthermore, the emergence of the industrial internet of things (IIoT) or Industry 4.0, the constant development of CMOS image sensors, and the integration of machine vision with cloud technology are expected to offer opportunities to the market. Machine vision has the potential to play a much bigger role in the IIoT. Besides this, CMOS sensor-based cameras are increasingly replacing Charge-Coupled Devices (CCD).

Machine vision, as a product, has evolved from a single solution system to a multi-solution system. However, a skilled workforce is required to operate the system efficiently. This is one of the major challenges faced by vendors in the market. Furthermore, complications in the implementation of MV systems, lack of standardization, and unawareness about the benefits of MV systems are restricting the global market’s development.



Key geographies covered in the global machine vision market are:

•           North America: United States and Canada

•           Europe: United Kingdom, France, Germany, Spain, Italy, Russia, and Rest of Europe

•           Asia-Pacific: China, Japan, India, Australia & New Zealand, South Korea, ASEAN Countries, and Rest of Asia-Pacific

•           Latin America: Brazil, Mexico, and Rest of Latin America

•           Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa, and Rest of Middle East & Africa

The segmentation analysis of the machine vision market includes:

•           Based on Component:

           o          Hardware

                      •          ASMV

                      •          Cameras

                      •          Sensors

                      •          Illuminations

                      •          Processors

                      •          Other Hardware Components

           o          Software

•           Based on Type:

           o          1D Measurement

           o          2D Measurement

           o          3D Measurement

•           Based on Application:

           o          Inspection

           o          Gauging

           o          Guidance

           o          Identification

           o          Other Applications

•           Based on Verticals:

           o          Automotive

           o          Electronics & Semiconductor

           o          Healthcare

           o          Food & Packaging

           o          Other Verticals

The key companies profiled in the machine vision market include National Instruments Corporation, Omron Corporation, Teledyne Technologies Inc, Cognex Corporation, Omron Microscan Systems Inc, Perceptron Inc, Baumer Optronic GmbH, Allied Vision Technologies GmbH, Jai AS, Datalogic SPA, Keyence Corporation, Flir Systems Inc, Optotune AG, Basler AG, and USS Vision Inc.

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Table of Content

1. GLOBAL MACHINE VISION MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON MACHINE VISION MARKET

2.2. KEY INSIGHTS

2.2.1. INTEGRATING MACHINE VISION WITH CLOUD TECHNOLOGY

2.2.2. 3D IDENTIFICATION IS THE FASTEST EVOLVING TYPE

2.2.3. GROWING INTEREST IN AUTOMATION IN FOOD AND PACKAGING APPLICATIONS

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF SUPPLIERS

2.3.4. BARGAINING POWER OF BUYERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. KEY IMPACT ANALYSIS

2.4.1. ACCURACY

2.4.2. COST-EFFECTIVENESS

2.4.3. FLEXIBILITY

2.5. MARKET ATTRACTIVENESS INDEX

2.6. VENDOR SCORECARD

2.7. KEY MARKET STRATEGIES

2.7.1. ACQUISITIONS

2.7.2. PRODUCT DEVELOPMENTS

2.7.3. EXPANSIONS & INVESTMENTS

2.7.4. CONTRACTS & AGREEMENTS

2.8. MARKET DRIVERS

2.8.1. INCREASED NEED FOR SMART FACTORIES

2.8.2. WIDENING APPLICATIONS OF MV SYSTEMS

2.8.3. RISING NEED FOR PROPER DEFECT DETECTION

2.8.4. TREND OF MINIATURIZED PRODUCTS

2.9. MARKET CHALLENGES

2.9.1. COMPLICATIONS IN IMPLEMENTATION OF MV SYSTEMS

2.9.2. LACK OF STANDARDIZATION

2.10. MARKET OPPORTUNITIES

2.10.1. CONSTANT DEVELOPMENT OF CMOS IMAGE SENSORS

2.10.2. INDUSTRIAL INTERNET OF THINGS (IIOT) TO OFFER LUCRATIVE GROWTH OPPORTUNITIES

3. GLOBAL MACHINE VISION MARKET OUTLOOK - BY TYPE

3.1. 1D IDENTIFICATION

3.2. 2D IDENTIFICATION

3.3. 3D IDENTIFICATION

4. GLOBAL MACHINE VISION MARKET OUTLOOK - BY COMPONENTS

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. GLOBAL MACHINE VISION MARKET OUTLOOK - BY APPLICATION

5.1. INSPECTION

5.2. GAUGING

5.3. GUIDANCE

5.4. IDENTIFICATION

5.5. OTHER APPLICATIONS

6. GLOBAL MACHINE VISION MARKET OUTLOOK - BY VERTICALS

6.1. FOOD & PACKAGING

6.2. HEALTHCARE

6.3. ELECTRONICS

6.4. AUTOMOTIVE

6.5. OTHER VERTICALS

7. GLOBAL MACHINE VISION MARKET – REGIONAL OUTLOOK

7.1. NORTH AMERICA

7.1.1. MARKET BY TYPE

7.1.2. MARKET BY COMPONENTS

7.1.3. MARKET BY APPLICATION

7.1.4. MARKET BY VERTICALS

7.1.5. COUNTRY ANALYSIS

7.1.5.1. UNITED STATES

7.1.5.2. CANADA

7.2. EUROPE

7.2.1. MARKET BY TYPE

7.2.2. MARKET BY COMPONENTS

7.2.3. MARKET BY APPLICATION

7.2.4. MARKET BY VERTICALS

7.2.5. COUNTRY ANALYSIS

7.2.5.1. UNITED KINGDOM

7.2.5.2. GERMANY

7.2.5.3. FRANCE

7.2.5.4. SPAIN

7.2.5.5. ITALY

7.2.5.6. RUSSIA

7.2.5.7. REST OF EUROPE

7.3. ASIA-PACIFIC

7.3.1. MARKET BY TYPE

7.3.2. MARKET BY COMPONENTS

7.3.3. MARKET BY APPLICATION

7.3.4. MARKET BY VERTICALS

7.3.5. COUNTRY ANALYSIS

7.3.5.1. CHINA

7.3.5.2. JAPAN

7.3.5.3. INDIA

7.3.5.4. SOUTH KOREA

7.3.5.5. ASEAN COUNTRIES

7.3.5.6. AUSTRALIA & NEW ZEALAND

7.3.5.7. REST OF ASIA-PACIFIC

7.4. LATIN AMERICA

7.4.1. MARKET BY TYPE

7.4.2. MARKET BY COMPONENTS

7.4.3. MARKET BY APPLICATION

7.4.4. MARKET BY VERTICALS

7.4.5. COUNTRY ANALYSIS

7.4.5.1. BRAZIL

7.4.5.2. MEXICO

7.4.5.3. REST OF LATIN AMERICA

7.5. MIDDLE EAST AND AFRICA

7.5.1. MARKET BY TYPE

7.5.2. MARKET BY COMPONENTS

7.5.3. MARKET BY APPLICATION

7.5.4. MARKET BY VERTICALS

7.5.5. COUNTRY ANALYSIS

7.5.5.1. UNITED ARAB EMIRATES

7.5.5.2. TURKEY

7.5.5.3. SAUDI ARABIA

7.5.5.4. SOUTH AFRICA

7.5.5.5. REST OF MIDDLE EAST & AFRICA

8. COMPETITIVE LANDSCAPE

8.1. ALLIED VISION TECHNOLOGIES GMBH

8.2. BASLER AG

8.3. BAUMER OPTRONIC GMBH

8.4. COGNEX CORPORATION

8.5. DATALOGIC SPA

8.6. FLIR SYSTEMS INC

8.7. JAI AS

8.8. KEYENCE CORPORATION

8.9. OMRON MICROSCAN SYSTEMS INC

8.10. NATIONAL INSTRUMENTS CORPORATION

8.11. OMRON CORPORATION

8.12. OPTOTUNE AG

8.13. PERCEPTRON INC

8.14. TELEDYNE TECHNOLOGIES INC

8.15. USS VISION INC

9. RESEARCH METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE & DELIVERABLES

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: GLOBAL MACHINE VISION MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)

TABLE 2: GLOBAL MACHINE VISION MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 3: GLOBAL MACHINE VISION MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)

TABLE 4: GLOBAL MACHINE VISION MARKET, BY HARDWARE COMPONENTS, 2021-2028 (IN $ MILLION)

TABLE 5: GLOBAL MACHINE VISION MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 6: GLOBAL MACHINE VISION MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)

TABLE 7: GLOBAL MACHINE VISION MARKET, BY GEOGRAPHY, 2021-2028 (IN $ MILLION)

TABLE 8: NORTH AMERICA MACHINE VISION MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 9: NORTH AMERICA MACHINE VISION MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 10: NORTH AMERICA MACHINE VISION MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)

TABLE 11: NORTH AMERICA MACHINE VISION MARKET, BY HARDWARE, 2021-2028 (IN $ MILLION)

TABLE 12: NORTH AMERICA MACHINE VISION MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 13: NORTH AMERICA MACHINE VISION MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)

TABLE 14: EUROPE MACHINE VISION MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 15: EUROPE MACHINE VISION MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 16: EUROPE MACHINE VISION MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)

TABLE 17: EUROPE MACHINE VISION MARKET, BY HARDWARE, 2021-2028 (IN $ MILLION)

TABLE 18: EUROPE MACHINE VISION MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 19: EUROPE MACHINE VISION MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)

TABLE 20: ASIA-PACIFIC MACHINE VISION MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 21: ASIA-PACIFIC MACHINE VISION MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 22: ASIA-PACIFIC MACHINE VISION MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)

TABLE 23: ASIA-PACIFIC MACHINE VISION MARKET, BY HARDWARE, 2021-2028 (IN $ MILLION)

TABLE 24: ASIA-PACIFIC MACHINE VISION MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 25: ASIA-PACIFIC MACHINE VISION MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)

TABLE 26: LATIN AMERICA MACHINE VISION MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 27: LATIN AMERICA MACHINE VISION MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 28: LATIN AMERICA MACHINE VISION MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)

TABLE 29: LATIN AMERICA MACHINE VISION MARKET, BY HARDWARE, 2021-2028 (IN $ MILLION)

TABLE 30: LATIN AMERICA MACHINE VISION MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 31: LATIN AMERICA MACHINE VISION MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)

TABLE 32: MIDDLE EAST AND AFRICA MACHINE VISION MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)

TABLE 33: MIDDLE EAST AND AFRICA MACHINE VISION MARKET, BY TYPE, 2021-2028 (IN $ MILLION)

TABLE 34: MIDDLE EAST AND AFRICA MACHINE VISION MARKET, BY COMPONENTS, 2021-2028 (IN $ MILLION)

TABLE 35: MIDDLE EAST AND AFRICA MACHINE VISION MARKET, BY HARDWARE, 2021-2028 (IN $ MILLION)

TABLE 36: MIDDLE EAST AND AFRICA MACHINE VISION MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)

TABLE 37: MIDDLE EAST AND AFRICA MACHINE VISION MARKET, BY VERTICALS, 2021-2028 (IN $ MILLION)

List of Figures

FIGURE 1: PROCESS FLOW OF MACHINE VISION SYSTEM

FIGURE 2: KEY IMPACT ANALYSIS

FIGURE 3: MARKET ATTRACTIVENESS INDEX

FIGURE 4: GLOBAL MACHINE VISION MARKET, TYPE OUTLOOK, 2020 & 2028 (IN %)

FIGURE 5: GLOBAL MACHINE VISION MARKET, BY 1D IDENTIFICATION, 2021-2028 (IN $ MILLION)

FIGURE 6: GLOBAL MACHINE VISION MARKET, BY 2D IDENTIFICATION, 2021-2028 (IN $ MILLION)

FIGURE 7: GLOBAL MACHINE VISION MARKET, BY 3D IDENTIFICATION, 2021-2028 (IN $ MILLION)

FIGURE 8: GLOBAL MACHINE VISION MARKET, COMPONENTS OUTLOOK, 2020 & 2028 (IN %)

FIGURE 9: GLOBAL MACHINE VISION MARKET, BY HARDWARE COMPONENTS, 2021-2028 (IN $ MILLION)

FIGURE 10: GLOBAL MACHINE VISION MARKET, HARDWARE COMPONENTS OUTLOOK, 2020 & 2028 (IN %)

FIGURE 11: GLOBAL MACHINE VISION MARKET, BY ASMV, 2021-2028 (IN $ MILLION)

FIGURE 12: GLOBAL MACHINE VISION MARKET, BY CAMERAS, 2021-2028 (IN $ MILLION)

FIGURE 13: GLOBAL MACHINE VISION MARKET, BY SENSORS, 2021-2028 (IN $ MILLION)

FIGURE 14: GLOBAL MACHINE VISION MARKET, BY ILLUMINATIONS, 2021-2028 (IN $ MILLION)

FIGURE 15: GLOBAL MACHINE VISION MARKET, BY PROCESSORS, 2021-2028 (IN $ MILLION)

FIGURE 16: GLOBAL MACHINE VISION MARKET, BY SOFTWARE, 2021-2028 (IN $ MILLION)

FIGURE 17: GLOBAL MACHINE VISION MARKET, APPLICATION OUTLOOK, 2020 & 2028 (IN %)

FIGURE 18: GLOBAL MACHINE VISION MARKET, BY INSPECTION, 2021-2028 (IN $ MILLION)

FIGURE 19: GLOBAL MACHINE VISION MARKET, BY GAUGING, 2021-2028 (IN $ MILLION)

FIGURE 20: GLOBAL MACHINE VISION MARKET, BY GUIDANCE, 2021-2028 (IN $ MILLION)

FIGURE 21: GLOBAL MACHINE VISION MARKET, BY IDENTIFICATION, 2021-2028 (IN $ MILLION)

FIGURE 22: GLOBAL MACHINE VISION MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)

FIGURE 23: GLOBAL MACHINE VISION MARKET, VERTICALS OUTLOOK, 2020 & 2028 (IN %)

FIGURE 24: GLOBAL MACHINE VISION MARKET, BY FOOD & PACKAGING, 2021-2028 (IN $ MILLION)

FIGURE 25: GLOBAL MACHINE VISION MARKET, BY HEALTHCARE, 2021-2028 (IN $ MILLION)

FIGURE 26: GLOBAL MACHINE VISION MARKET, BY ELECTRONICS, 2021-2028 (IN $ MILLION)

FIGURE 27: GLOBAL MACHINE VISION MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)

FIGURE 28: GLOBAL MACHINE VISION MARKET, BY OTHER VERTICALS, 2021-2028 (IN $ MILLION)

FIGURE 29: GLOBAL MACHINE VISION MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 30: UNITED STATES MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 31: CANADA MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 32: UNITED KINGDOM MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 33: GERMANY MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 34: FRANCE MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 35: SPAIN MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 36: ITALY MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 37: RUSSIA MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 38: REST OF EUROPE MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 39: CHINA MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 40: JAPAN MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 41: INDIA MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 42: SOUTH KOREA MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 43: ASEAN COUNTRIES MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 44: AUSTRALIA & NEW ZEALAND MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 45: REST OF ASIA-PACIFIC MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 46: BRAZIL MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 47: MEXICO MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 48: REST OF LATIN AMERICA MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 49: UNITED ARAB EMIRATES MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 50: TURKEY MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 51: SAUDI ARABIA MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 52: SOUTH AFRICA MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

FIGURE 53: REST OF MIDDLE EAST & AFRICA MACHINE VISION MARKET 2021-2028 (IN $ MILLION)

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