Market by Type, Components, Application, Vertical, and Country Outlook | Forecast 2022-2028
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.
Report scope can be customized per your requirements. Request For Customization
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
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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VIEW REPORT1. 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
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)
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)