Market by Type, Component, Application, Vertical, and Country Outlook | Forecast 2023-2030
Triton Market Research’s report puts forth that the machine vision market in North America will progress with a 5.36% CAGR during the forecast period from 2023 to 2030.
The countries evaluated in
this region include:
• Canada
• The United States
The United States leads the regional market, and
accounted for the largest revenue share in 2022. The presence of leading global players in
technologically developed nations such as the United States and Canada provides
North America with a competitive advantage.
Also, factors such as increased investments in R&D for advancing
manufacturing processes are expected to drive the regional market.
Additionally, the increased focus on robotics provides a potential growth
opportunity for the machine vision market over the forecasted period.
North America is also known for its highly developed healthcare sector.
Technologically advanced medical equipment embedded with efficient MV systems
are largely used across the region. One such example is 7D Surgical’s
innovative machine vision image-guided surgery (MIGS) system designed for
spinal surgeries. Such developments indicate the high growth potential for the
regional machine vision market.
However, the shift of manufacturing facilities to developing Asian
economies owing to the availability of low-cost labor is expected to hamper the
market’s growth in the region.
The government of the United States invests large sums in manufacturing
to develop machine vision systems for the aerospace & defense sectors. For
instance, the US Department of Defense (DoD) has initiated a machine vision
program codenamed “Project Maven.” With this, it intends to develop technology
that can identify and categorize surveillance footage captured by combat
surveillance equipment using MV systems. Such developments are expected to
further propel the market in the country over the forecasted period.
Guidance is one of the most vital tasks performed by a machine vision
system, as it helps robots in performing tasks more efficiently. The cameras
and sensors embedded in a system assist robots to assess objects and perform
tasks as required. In automotive applications, it becomes difficult to access
the inside parts of the vehicle body. Robots require full access, and the
cameras and sensors guide them by providing complete images.
The studied report assesses the market according
to type, application, component, and vertical. Here, the type segment comprises guidance,
inspection, gauging, identification, and other applications.
The prime contenders in the machine vision
market include Basler AG, Keyence Corporation, Cognex Corporation, Isra Vision
AG, Optotune AG, USS Vision, FLIR Systems Inc, and National Instruments
Corporation (NI).
Cognex Corporation is a company
engaged in the design, development, manufacture, and marketing of a broad range
of machine vision products. Its portfolio comprises barcode readers, cameras,
and machine vision sensors that are used across factories, distribution
centers, and warehouses worldwide to identify, guide, inspect, gauge, and
assure the quality of items during manufacturing & distribution processes.
Established in 1981, Cognex Corporation is headquartered in Massachusetts, the
United States.
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 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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1. NORTH
AMERICA MACHINE VISION MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE NORTH 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. NORTH
AMERICA MACHINE VISION MARKET – BY TYPE
3.1. 1D
MACHINE VISION
3.2. 2D
MACHINE VISION
3.3. 3D
MACHINE VISION
4. NORTH
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. NORTH
AMERICA MACHINE VISION MARKET – BY APPLICATION
5.1. INSPECTION
5.2. GAUGING
5.3. GUIDANCE
5.4. IDENTIFICATION
5.5. OTHER
APPLICATIONS
6. NORTH
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. NORTH
AMERICA MACHINE VISION MARKET – COUNTRY OUTLOOK
7.1. NORTH
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. UNITED
STATES
7.1.5.1.1. UNITED
STATES MACHINE VISION MARKET FORECAST & PROSPECTS
7.1.5.2. CANADA
7.1.5.2.1. CANADA
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: NORTH AMERICA
MACHINE VISION MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: NORTH AMERICA
MACHINE VISION MARKET, BY TYPE, 2023-2030 (IN $ MILLION)
TABLE 3: NORTH AMERICA
MACHINE VISION MARKET, BY COMPONENT, 2023-2030 (IN $ MILLION)
TABLE 4: NORTH AMERICA
MACHINE VISION MARKET, BY HARDWARE, 2023-2030 (IN $ MILLION)
TABLE 5:
APPLICATION-SPECIFIC MACHINE VISION SYSTEMS IN INDUSTRIES
TABLE 6: NORTH AMERICA
MACHINE VISION MARKET, BY APPLICATION, 2023-2030 (IN $ MILLION)
TABLE 7: NORTH AMERICA
MACHINE VISION MARKET, BY VERTICAL, 2023-2030 (IN $ MILLION)
TABLE 8: NORTH 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: NORTH AMERICA
MACHINE VISION MARKET, BY TYPE, 2022 & 2030 (IN %)
FIGURE 5: NORTH AMERICA
MACHINE VISION MARKET, BY 1D MACHINE VISION, 2023-2030 (IN $ MILLION)
FIGURE 6: NORTH AMERICA
MACHINE VISION MARKET, BY 2D MACHINE VISION, 2023-2030 (IN $ MILLION)
FIGURE 7: NORTH AMERICA
MACHINE VISION MARKET, BY 3D MACHINE VISION, 2023-2030 (IN $ MILLION)
FIGURE 8: NORTH AMERICA
MACHINE VISION MARKET, BY COMPONENT, 2022 & 2030 (IN %)
FIGURE 9: NORTH AMERICA
MACHINE VISION MARKET, BY HARDWARE, 2023-2030 (IN $ MILLION)
FIGURE 10: NORTH
AMERICA MACHINE VISION MARKET, BY HARDWARE, 2022 & 2030 (IN %)
FIGURE 11: NORTH
AMERICA MACHINE VISION MARKET, BY ASMV, 2023-2030 (IN $ MILLION)
FIGURE 12: NORTH
AMERICA MACHINE VISION MARKET, BY CAMERAS, 2023-2030 (IN $ MILLION)
FIGURE 13: NORTH
AMERICA MACHINE VISION MARKET, BY SENSORS, 2023-2030 (IN $ MILLION)
FIGURE 14: NORTH
AMERICA MACHINE VISION MARKET, BY ILLUMINATIONS, 2023-2030 (IN $ MILLION)
FIGURE 15: NORTH
AMERICA MACHINE VISION MARKET, BY PROCESSORS, 2023-2030 (IN $ MILLION)
FIGURE 16: NORTH
AMERICA MACHINE VISION MARKET, BY OTHER HARDWARE COMPONENTS, 2023-2030 (IN $
MILLION)
FIGURE 17: NORTH
AMERICA MACHINE VISION MARKET, BY SOFTWARE, 2023-2030 (IN $ MILLION)
FIGURE 18: NORTH
AMERICA MACHINE VISION MARKET, BY APPLICATION, 2022 & 2030 (IN %)
FIGURE 19: NORTH
AMERICA MACHINE VISION MARKET, BY INSPECTION, 2023-2030 (IN $ MILLION)
FIGURE 20: NORTH
AMERICA MACHINE VISION MARKET, BY GAUGING, 2023-2030 (IN $ MILLION)
FIGURE 21: NORTH
AMERICA MACHINE VISION MARKET, BY GUIDANCE, 2023-2030 (IN $ MILLION)
FIGURE 22: NORTH
AMERICA MACHINE VISION MARKET, BY IDENTIFICATION, 2023-2030 (IN $ MILLION)
FIGURE 23: NORTH
AMERICA MACHINE VISION MARKET, BY OTHER APPLICATIONS, 2023-2030 (IN $ MILLION)
FIGURE 24: NORTH
AMERICA MACHINE VISION MARKET, BY VERTICAL, 2022 & 2030 (IN %)
FIGURE 25: NORTH
AMERICA MACHINE VISION MARKET, BY AUTOMOTIVE, 2022-2030 (IN $ MILLION)
FIGURE 26: NORTH
AMERICA MACHINE VISION MARKET, BY ELECTRONICS & SEMICONDUCTORS, 2022-2030
(IN $ MILLION)
FIGURE 27: NORTH
AMERICA MACHINE VISION MARKET, BY HEALTHCARE, 2022-2030 (IN $ MILLION)
FIGURE 28: NORTH
AMERICA MACHINE VISION MARKET, BY FOOD & PACKAGING, 2022-2030 (IN $
MILLION)
FIGURE 29: NORTH
AMERICA MACHINE VISION MARKET, BY OTHER VERTICALS, 2022-2030 (IN $ MILLION)
FIGURE 30: NORTH
AMERICA MACHINE VISION MARKET, COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 31: UNITED
STATES MACHINE VISION MARKET 2023-2030 (IN $ MILLION)
FIGURE 32: CANADA
MACHINE VISION MARKET 2023-2030 (IN $ MILLION)