NORTH AMERICA MACHINE VISION MARKET 2022-2028

Automation | Industrial Automation

NORTH AMERICA MACHINE VISION MARKET 2022-2028

Market by Type, Components, Application, Vertical, and Country Outlook | Forecast 2022-2028

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Triton Market Research has concluded that the machine vision market in North America would grow with a CAGR of 6.92% in the estimated period from 2022 to 2028.


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The countries scrutinized in this region include:

•         The United States

•         Canada

North America is one of the key regions to have increased the adoption of advanced medical equipment, thus demanding efficient machine vision systems. For instance, 7D Surgical launched its innovative MV system, which is an image-guided system for spine surgery. The presence of developed nations and leading companies has given North America a competitive edge over other regions. Also, factors like increasing investments in the research and development to facilitate efficient manufacturing processes are expected to drive the market in this region during the forecasted period.

Manufacturers in Canada rely on innovation and investment in technologies to gain a competitive edge. With more than 540 OEM parts manufacturers, 400 dealerships, over 5 heavy-duty assembly plants, and several other automotive-related industries, Canada is the ninth-biggest vehicle producer in the world. Its automotive sector is the largest contributor to the manufacturing industry. In January 2019, Cognex collaborated with GM Canada to develop an automated vision system for chain drive inspection. Thus, such developments are expected to favor the growth of the machine vision market in the country.

In the United States, data is being used on a wide scale for production and integration with varied manufacturing systems across the supply chain. The US is also one of the world’s leading automotive markets and is home to more than 13 big-scale automotive manufacturers. The automotive sector has been one of the largest revenue generators for the nation. In fact, the National Network for Manufacturing Innovation (NNMI) is focusing on developing regional hubs to adopt advanced manufacturing technologies in order to make innovative products to implement in the manufacturing sector. All these factors are supporting the growth of the machine vision market in the United States.

Machine vision systems are largely used for inspection, thus performing a crucial part in ensuring good product quality. An MV system identifies contaminants, defects, functional flaws, and other irregularities in the products. Machine vision technology is used to ensure a match between product and package in the pharmaceutical and food industries. The studied report assesses the market’s growth according to type, application, components, and verticals. Here, the type segment comprises inspection, gauging, guidance, identification, and other applications.

Founded in 1981, Cognex Corporation is a company that designs, develops, manufactures, and markets a broad range of products embedded with machine vision technology. Its products include machine vision systems, barcode readers, and machine vision sensors that are used in warehouses, factories, and distribution centers worldwide to identify, gauge, inspect, guide, and assure the quality of items in the manufacturing and distribution process. The US-based company is headquartered in Natick, Massachusetts.

In January 2021, Cognex Corporation launched an embedded vision system called the In-Sight® 3D-L4000. It features 3D laser displacement technology. Its smart camera allows personnel to solve a range of inspections on automated production lines accurately, quickly, and cost-effectively.

 

Key deliverables of the report:

·       Market CAGR during the forecasting years 2022-2028

·       Detailed data highlighting key insights, industry components, and market strategies

·    Comprehensive information and estimation of the machine vision market revenue growth in North 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 North America machine vision market’s growth during the upcoming years

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Table of Content

1. NORTH AMERICA MACHINE VISION MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON THE MACHINE VISION INDUSTRY

2.2. KEY INSIGHTS

2.2.1. INTEGRATION OF MACHINE VISION WITH CLOUD TECHNOLOGY

2.2.2. 3D MEASUREMENT IS THE FASTEST EVOLVING TYPE

2.2.3. GROWING INTEREST FOR AUTOMATION IN INDUSTRIAL 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. KEY MARKET STRATEGIES

2.6.1. ACQUISITIONS

2.6.2. PRODUCT DEVELOPMENTS

2.6.3. INVESTMENTS & EXPANSIONS

2.7. MARKET DRIVERS

2.7.1. INCREASED NEED FOR SMART FACTORIES

2.7.2. WIDENING APPLICATIONS OF MV SYSTEMS

2.7.3. RISING NEED FOR PROPER DEFECT DETECTION

2.7.4. GROWING TREND OF MINIATURIZED PRODUCTS

2.8. MARKET CHALLENGES

2.8.1. LACK OF EXPERTISE

2.8.2. UNAWARENESS ABOUT THE BENEFITS OF MV SYSTEMS

2.8.3. COMPLICATIONS IN IMPLEMENTATION OF MV SYSTEMS

2.8.4. LACK OF STANDARDIZATION

2.9. MARKET OPPORTUNITIES

2.9.1. CONSTANT DEVELOPMENTS IN CMOS IMAGE SENSORS

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

3. NORTH AMERICA MACHINE VISION MARKET OUTLOOK – BY TYPE

3.1. 1D MACHINE VISION

3.2. 2D MACHINE VISION

3.3. 3D MACHINE VISION

4. NORTH AMERICA 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. NORTH AMERICA MACHINE VISION MARKET OUTLOOK – BY APPLICATION

5.1. INSPECTION

5.2. GAUGING

5.3. GUIDANCE

5.4. IDENTIFICATION

5.5. OTHER APPLICATIONS

6. NORTH AMERICA MACHINE VISION MARKET OUTLOOK – BY VERTICALS

6.1. AUTOMOTIVE

6.2. ELECTRONICS & SEMICONDUCTORS

6.3. HEALTHCARE

6.4. FOOD & PACKAGING

6.5. OTHER VERTICALS

7. NORTH AMERICA MACHINE VISION MARKET – COUNTRY OUTLOOK

7.1. UNITED STATES

7.2. CANADA

8. COMPETITIVE LANDSCAPE

8.1. COGNEX CORPORATION

8.2. ALLIED VISION TECHNOLOGIES GMBH

8.3. BASLER AG

8.4. TELEDYNE TECHNOLOGIES INCORPORATED

8.5. BAUMER ELECTRIC AG

8.6. DATALOGIC SPA

8.7. USS VISION

8.8. KEYENCE CORPORATION

8.9. FLIR SYSTEMS INC

8.10. JAI AS

8.11. PERCEPTRON INC

8.12. OPTOTUNE AG

8.13. ISRA VISION AG

8.14. OMRON CORPORATION

8.15. NATIONAL INSTRUMENTS CORPORATION

9. RESEARCH METHODOLOGY & SCOPE

9.1. RESEARCH SCOPE & DELIVERABLES

9.2. SOURCES OF DATA

9.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: NORTH AMERICA MACHINE VISION MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION) 

TABLE 2: NORTH AMERICA MACHINE VISION MARKET, BY TYPE, 2022-2028 (IN $ MILLION)        

TABLE 3: NORTH AMERICA MACHINE VISION MARKET, BY COMPONENTS, 2022-2028 (IN $ MILLION)

TABLE 4: NORTH AMERICA MACHINE VISION MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

TABLE 5: NORTH AMERICA MACHINE VISION MARKET, BY APPLICATION, 2022-2028 (IN $ MILLION)

TABLE 6: NORTH AMERICA MACHINE VISION MARKET, BY VERTICALS, 2022-2028 (IN $ MILLION)

TABLE 7: NORTH AMERICA MACHINE VISION MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)  

List of Figures

FIGURE 1: PROCESS OF MACHINE VISION 

FIGURE 2: KEY IMPACT ANALYSIS     

FIGURE 3: MARKET ATTRACTIVENESS INDEX      

FIGURE 4: NORTH AMERICA MACHINE VISION MARKET, BY TYPE, 2021 & 2028 (IN %) 

FIGURE 5: NORTH AMERICA MACHINE VISION MARKET, BY 1D MACHINE VISION, 2022-2028 (IN $ MILLION)      

FIGURE 6: NORTH AMERICA MACHINE VISION MARKET, BY 2D MACHINE VISION, 2022-2028 (IN $ MILLION)      

FIGURE 7: NORTH AMERICA MACHINE VISION MARKET, BY 3D MACHINE VISION, 2022-2028 (IN $ MILLION)      

FIGURE 8: NORTH AMERICA MACHINE VISION MARKET, BY COMPONENTS, 2021 & 2028 (IN %)    

FIGURE 9: NORTH AMERICA MACHINE VISION MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

FIGURE 10: NORTH AMERICA MACHINE VISION MARKET, BY HARDWARE, 2021 & 2028 (IN %)        

FIGURE 11: NORTH AMERICA MACHINE VISION MARKET, BY ASMV, 2022-2028 (IN $ MILLION)        

FIGURE 12: NORTH AMERICA MACHINE VISION MARKET, BY CAMERAS, 2022-2028 (IN $ MILLION)

FIGURE 13: NORTH AMERICA MACHINE VISION MARKET, BY SENSORS, 2022-2028 (IN $ MILLION)

FIGURE 14: NORTH AMERICA MACHINE VISION MARKET, BY ILLUMINATIONS, 2022-2028 (IN $ MILLION)  

FIGURE 15: NORTH AMERICA MACHINE VISION MARKET, BY PROCESSORS, 2022-2028 (IN $ MILLION)

FIGURE 16: NORTH AMERICA MACHINE VISION MARKET, BY OTHER HARDWARE COMPONENTS, 2022-2028 (IN $ MILLION)   

FIGURE 17: NORTH AMERICA MACHINE VISION MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

FIGURE 18: NORTH AMERICA MACHINE VISION MARKET, BY APPLICATION, 2021 & 2028 (IN %)      

FIGURE 19: NORTH AMERICA MACHINE VISION MARKET, BY INSPECTION, 2022-2028 (IN $ MILLION)

FIGURE 20: NORTH AMERICA MACHINE VISION MARKET, BY GAUGING, 2022-2028 (IN $ MILLION)

FIGURE 21: NORTH AMERICA MACHINE VISION MARKET, BY GUIDANCE, 2022-2028 (IN $ MILLION)

FIGURE 22: NORTH AMERICA MACHINE VISION MARKET, BY IDENTIFICATION, 2022-2028 (IN $ MILLION) 

FIGURE 23: NORTH AMERICA MACHINE VISION MARKET, BY OTHER APPLICATIONS, 2022-2028 (IN $ MILLION)   

FIGURE 24: NORTH AMERICA MACHINE VISION MARKET, BY VERTICALS, 2021 & 2028 (IN %)

FIGURE 25: NORTH AMERICA MACHINE VISION MARKET, BY AUTOMOTIVE, 2022-2028 (IN $ MILLION)

FIGURE 26: NORTH AMERICA MACHINE VISION MARKET, BY ELECTRONICS & SEMICONDUCTORS, 2022-2028 (IN $ MILLION)        

FIGURE 27: NORTH AMERICA MACHINE VISION MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)

FIGURE 28: NORTH AMERICA MACHINE VISION MARKET, BY FOOD & PACKAGING, 2022-2028 (IN $ MILLION)        

FIGURE 29: NORTH AMERICA MACHINE VISION MARKET, BY OTHER VERTICALS, 2022-2028 (IN $ MILLION)

FIGURE 30: NORTH AMERICA MACHINE VISION MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %) 

FIGURE 31: UNITED STATES MACHINE VISION MARKET 2022-2028 (IN $ MILLION)    

FIGURE 32: CANADA MACHINE VISION MARKET 2022-2028 (IN $ MILLION)          

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