Market by Type, Components, Application, Verticals, and Geography | Forecast 2021-2028
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.
Report scope can be customized per your requirements. Request For Customization
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.
Market by Type of Robot, Compo ..
VIEW REPORT
Market by Type, Application, a ..
VIEW REPORT
Market By Payload Type, Compon ..
VIEW REPORT
Market by Technology, Deployme ..
VIEW REPORT
Market by Type, Application, V ..
VIEW REPORT
Market by Type, Components, Ap ..
VIEW REPORT
Market by Type of Robot, Compo ..
VIEW REPORT1. 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
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)
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)