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Global machine vision market is expected to reach USD 14.89 Billion by 2025, at a CAGR of 8.84% from 2018 to 2025. The key contributing factor for the market growth are growing requirement of quality inspection and automation, advancement of vision-guided robotic systems, increasing adoption of 3D machine vision systems, and growing demand for application-specific machine vision systems.

Market Overview: Machine vision is used to provide programmed investigation and examination of various items  based on pictures for different applications, for example, process control, programmed review, and robot direction. There is a wide degree for the development of the machine vision. For instance, in 2018, Inspekto launched autonomous machine vision product. This product offers visual quality assurance (QA) with autonomous machine vision that uses plug & inspect technology. Machine vision system have developed superior observing system and mechanized direction for the mechanical robots. Increasing demand from various industries including IT, semiconductor, food & packaging, rubber & plastics, machinery, and other for machine vision devices has driven the growth of the global machine vision market.

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Report Description:

  • The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The machine vision market is analysed on the basis of value (USD Million).
  • The study delivers a comprehensive analysis of global machine vision market by components, product, application, industry, and regions.
  • The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global machine vision market. This report incorporates the industry analysis which is focused on providing an extensive view of the machine vision market.
  • The study also includes attractiveness analysis of components, product, application, industry, and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the machine vision market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.


Global Machine Vision Market Key Findings:
All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. Segmentation Analysis: The machine vision market is segmented on the basis of component, product, application, and industry.

  • The component segment is classified into hardware and software. The hardware segment is divided into camera, processor, optics, frame grabber, LED lighting, and others. The camera segment is further sub segmented as sensor type, interface standards, frame rate, and format. The CMOS and CCD are categorized in sensor type segment. The interface standards segment is further classified as camera link, GigE vision, USB 3.0, CoaXPress, and others. The frame rate segment further includes area scan and line scan. The format segment is further divided into 25-125 fps, >125 fps, and <25 fps. The processor segment covers FPGA, DSP, microcontroller and microprocessor. The software segment is further segmented as deep learning and application specific. The software segment is dominating the machine vision market with USD 4.61 Billion in 2017. Increase in the use of inspecting labels through software, application development for vision-guided robotic systems, and increasing demand for artificial intelligence (AI) are major contributing factors for the growth of software segment.
  • Product segment includes PC based and smart camera based. Smart camera based segment is anticipated to grow with the highest CAGR of 9.01% over the forecast period. The smart camera is cost-effective, compact, and flexible. Smart camera is easier to implement in any system and also helps in decoding algorithms based on the images, these are the key factors to drive the demand of smart camera based segment.
  • Industry segment is divided into segments such as automotive, consumer electronics, electronics & semiconductor, food & packaging, rubber & plastics, machinery, solar panel manufacturing, printing, metals, wood & paper, pharmaceuticals, and glass. Food and packaging is playing a chief role in shaping business growth and valued around USD 71 Billion in 2017. With the help of machine vision, the implementation of government rules pertaining to safety in manufacturing plants and rising necessity to identify and combat counterfeit will lead to the growth of food & packaging segment in future.
  • The application segment includes quality assurance and inspection, positioning and guidance, measurement, and identification. The measurement segment held market share of 29.94% in 2017 due to increasing use of 1D, 2D, and 3D measurements.


Regional Segmentation Analysis:
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Asia Pacific region dominated the global machine vision market with USD 2.16 Billion in 2017 where as the North America region held the second dominant position in the market.

  • The Asia Pacific region is a major manufacturing hub owing to the presence of a large number of contract manufacturers as well as high adoption of automation processes, these were some of the factors that led to the growth of machine vision market in this region.
  • North America is the second fastest growing region due to the increasing demand for vision-guided robotic systems, adoption of application-specific machine vision systems, and government initiatives for using the machine vision which are creating opportunity for the growth of the market.


Global Machine vision Market Competitive Analysis:
Key players in the machine vision market are Cognex, Basler, OMRON, KEYENCE Corporation, National Instruments, Sony, Teledyne Technologies, Texas Instrument, Intel, Baumer Optronic, ISRA VISION, MVTec Software, SICK, JAI A/S, Baumer Optronic GmbH, Allied Vision Technologies GmbH, and others. The Cognex, Basler, OMRON, Keyence Corporation are the top leading players of the market. For instance, in 2017, Cognex acquired ViDi Systems SA. This acquisition enabled Cognex to have ViDi deep learning software for developing new innovations in industrial machine vision.

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Global Machine Vision Market, By Component:

  • Hardware
    • Camera
      • Sensor Type (CMOS and CCD)
      • Interface Standards (Camera Link, GigE Vision, USB 3.0, CoaXPress, and Others)
      • Frame Rate (Area Scan and Line Scan)
      • Format (25-125 fps, >125 fps, <25 fps)
    • Processor
      • FPGA
      • DSP
      • Microcontroller and Microprocessor
    • Optics
    • Frame Grabber
    • LED Lighting
    • Others
  • Software
    • Deep Learning
    • Application Specific

Global Machine Vision Market, By Product:

  • PC-Based Vision System
  • Smart Camera-Based Vision System

Global Machine Vision Market, By Application:

  • Quality Assurance and Inspection
  • Positioning and Guidance
  • Measurement
  • Identification

Global Machine Vision Market, By Industry:

  • Automotive
  • Consumer Electronics
  • Electronics & Semiconductor
  • Printing
  • Metals
  • Wood & Paper
  • Food & Packaging
  • Rubber & Plastics
  • Pharmaceuticals
  • Glass
  • Machinery
  • Solar Panel Manufacturing

Global Machine Vision Market, By Regions:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherlands
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Nigeria
    • South Africa
    • Rest of Middle East and Africa

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