Machine Vision Market - Growth, Future Prospects and Competitive Analysis, 2023

Description

List of Tables

The machine vision market is expected to grow at a CAGR of 12.5% during the forecast period of 2023 to 2031, driven by technological advancements and the escalating demand for automation and precision across industries. The machine vision market is on an upward trajectory, driven by a confluence of technological advancements, increasing automation demands, and the persistent pursuit of quality assurance. The coming years are expected to witness remarkable growth, with key players and newcomers alike vying for a share of the expanding market. the machine vision market is poised for substantial growth from 2023 to 2031, driven by increasing automation, advancements in AI and deep learning, and the expansion of the healthcare sector. However, high initial investment costs remain a constraint. The market is segmented by offering, product, and geography, with different segments exhibiting varying revenue and CAGR trends. Key players are expected to maintain their competitive positions through strategic initiatives.

Changing Regulatory Landscape

The evolving regulatory landscape surrounding cannabis is a significant driver of the vaporizer market. As more countries and states legalize recreational and medicinal cannabis, consumers seek safer and more discreet consumption methods. Vaporizers offer a smoke-free alternative, aligning with the increasing health consciousness among consumers. For example, Canada expanded its legal cannabis market in 2022, and this trend is expected to continue in the forecast period from 2023 to 2031, contributing to a 10% CAGR in the portable segment.

Technological Advancements

Continuous technological innovations are driving the vaporizer market. Manufacturers are introducing advanced features such as precision temperature control, smartphone connectivity, and sleek design, making vaporizers more user-friendly and appealing to a broader audience. In 2022, companies like Allied Vision Technologies GmbH, Basler AG, and Cognex Corporation launched state-of-the-art vaporizers, contributing to their high revenues. Convection heating, providing efficient and even vaporization, is expected to have the highest CAGR of 12% during the forecast period of 2023 to 2031. These advancements enhance user experience and attract tech-savvy consumers.

Increasing Health Awareness

Growing health awareness and concerns about the adverse effects of smoking have encouraged consumers to switch to vaping as a healthier alternative. Vaporizers heat cannabis at lower temperatures, reducing harmful toxins and carcinogens associated with combustion. This health-conscious trend is expected to drive the tabletop segment, which had the highest revenue in 2022, into the forecast period. Consumers are willing to invest in premium tabletop vaporizers like the Volcano Hybrid, which offers precise temperature control for a customizable vaping experience.

Lack of Standardization

A notable restraint in the cannabis vaporizers market is the lack of standardization and quality control. The industry is still relatively young, leading to variations in product quality and safety standards. Consumers often face challenges in discerning between high-quality and subpar vaporizers. This inconsistency can hinder market growth, as it erodes consumer trust and may lead to health concerns. Addressing this restraint is crucial to maintaining the market's credibility and ensuring sustained growth. The machine vision market is on a trajectory of substantial growth, underpinned by technological advancements, increasing automation requirements, and a relentless focus on quality assurance. As the industry adapts to evolving regulatory landscapes, the hardware segment, driven by high-resolution imaging demands, is expected to maintain its position as the leading revenue generator. Simultaneously, the software and services segments will continue to play essential roles, with software enabling intricate image analysis and services ensuring seamless implementation.

Market Segmentation by Offering: Hardware Segment Dominates the Market

In 2022, hardware accounted for the highest revenue share in the machine vision market. However, during the forecast period of 2023 to 2031, services are expected to exhibit the highest CAGR, driven by increased demand for maintenance and support services. Software solutions are a crucial component of machine vision systems, enabling advanced image processing and analysis. In 2022, software contributed significantly to market revenue and is expected to continue to do so throughout the forecast period. Services such as maintenance, training, and consulting are expected to experience the highest CAGR from 2023 to 2031, indicating a growing need for ongoing support and expertise in deploying and maintaining machine vision systems.

Market Segmentation by Product: PC-based machine vision systems Dominates the Market

Machine vision systems are further categorized based on the product type: PC-Based and Smart Camera-Based. In 2022, these segments exhibited varying dynamics in terms of revenue and growth rate. PC-based systems leveraged the computational power of personal computers for image processing and analysis, renowned for their versatility across a wide range of applications, including quality control, robotics, and automated inspection. Smart Camera-Based machine vision systems, in contrast, integrated image capture and processing capabilities into a single compact unit. These systems excelled in simplicity and cost-effectiveness, making them ideal for applications with space constraints or requiring rapid deployment. PC-based machine vision systems generated the highest revenue in 2022, primarily due to their wide range of applications in industrial settings. However, during the forecast period from 2023 to 2031, smart camera-based systems are expected to exhibit the highest CAGR, driven by their compact size and ease of integration into various processes.

North America Remains as the Global Leader

Geographically, North America dominated the machine vision market in 2022, both in terms of the highest revenue percentage and CAGR. The region's mature machine vision market and ongoing technological innovations continue to drive demand. As we move into the forecast period from 2023 to 2031, North America is expected to maintain its prominence, with a high CAGR. Europe is experiencing significant growth as well, primarily due to expanding adoption in various industries, with a high expected CAGR during the forecast period. Asia-Pacific and Latin America are also emerging as potential growth markets, driven by evolving regulations and increasing consumer awareness.

Market Competition to Intensify during the Forecast Period

In 2022, market leaders such as Allied Vision Technologies GmbH, Basler AG, Cognex Corporation, Keyence Corporation, LMI Technologies, Inc., Microscan Systems, Inc., National Instruments Corporation, OMRON Corporation, Sick AG, and Tordivel AS dominated the market with substantial revenues. These companies are expected to maintain their market dominance from 2023 to 2031. Key strategies include product innovation, partnerships with industrial automation providers, and expanding distribution networks to reach a wider consumer base, reflecting the competitive landscape's dynamism. The industry giants will maintain their focus on innovation, fostering partnerships with industrial automation providers, and expanding their distribution networks to cater to a broader consumer base. This dynamic competitive landscape promises an array of product choices for consumers. Furthermore, the entry of new competitors is expected to intensify competition. These emerging players will concentrate on delivering innovative products and competitive pricing, ultimately benefiting consumers by offering a broader range of options. Additionally, new entrants are expected to intensify competition in the market, focusing on innovative product offerings and competitive pricing. This increased competition is likely to foster further innovation and benefit consumers with a wider range of choices.

Historical & Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation ofMachine Vision market are as follows:

Research and development budgets of manufacturers and government spending

Revenues of key companies in the market segment

Number of end users and consumption volume, price and value.

Geographical revenues generate by countries considered in the report:

Micro and macro environment factors that are currently influencing the Machine Vision market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Offering

Hardware

Camera

Frame Grabber

Optics/Lenses

LED Lighting

Processor

Software

Barcode Reading

Standard Algorithm

Deep Learning Software

Services

Integration

Solution Management

Product

PC Based

Smart Camera Based

Application

Quality Assurance and Inspection

Positioning and Guidance

Measurement

Identification

End-Use

Automotive

Pharmaceuticals & Chemicals

Electronics & Semiconductor

Pulp & Paper

Printing &Labeling

Food & Beverage (Packaging and Bottling)

Glass & Metal

Postal & Logistics

Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)

Region Segment (2021-2031; US$ Million)

North America

U.S.

Canada

Rest of North America

UK and European Union

Germany

Spain

Italy

France

Rest of Europe

Asia Pacific

China

Japan

India

Australia

South Korea

Rest of Asia Pacific

Latin America

Brazil

Mexico

Rest of Latin America

Middle East and Africa

Africa

Rest of Middle East and Africa

Key questions answered in this report:

What are the key micro and macro environmental factors that are impacting the growth of Machine Vision market?

What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?

Estimated forecast and market projections up to 2031.

Which segment accounts for the fastest CAGR during the forecast period?

Which market segment holds a larger market share and why?

Are low and middle-income economies investing in the Machine Vision market?

Which is the largest regional market for Machine Vision market?

What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

Which are the key trends driving Machine Vision market growth?

Who are the key competitors and what are their key strategies to enhance their market presence in the Machine Vision market worldwide?

Product Code: 139893-10-23

1. Preface

1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted

2. Executive Summary

2.1. Market Snapshot: Global Machine Vision Market
2.2. Global Machine Vision Market, By Offering, 2022 (US$ Million)
2.3. Global Machine Vision Market, By Product, 2022 (US$ Million)
2.4. Global Machine Vision Market, By Application, 2022 (US$ Million)
2.5. Global Machine Vision Market, By End-Use, 2022 (US$ Million)
2.6. Global Machine Vision Market, By Geography, 2022 (US$ Million)
2.7. Attractive Investment Proposition by Geography, 2022

3. Machine Vision Market: Competitive Analysis

3.1. Market Positioning of Key Machine Vision Market Vendors
3.2. Strategies Adopted by Machine Vision Market Vendors
3.3. Key Industry Strategies
3.4. Tier Analysis 2022 Versus 2031

4. Machine Vision Market: Macro Analysis & Market Dynamics

4.1. Introduction
4.2. Global Machine Vision Market Value, 2021 - 2031, (US$ Million)
4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
4.4. Impact Analysis of Drivers and Restraints
4.5. See-Saw Analysis

5. Machine Vision Market: By Offering, 2021-2031, USD (Million)

5.1. Market Overview
5.2. Growth & Revenue Analysis: 2022 Versus 2031
5.3. Market Segmentation
- 5.3.1. Hardware
  - 5.3.1.1. Camera
  - 5.3.1.2. Frame Grabber
  - 5.3.1.3. Optics/Lenses
  - 5.3.1.4. LED Lighting
  - 5.3.1.5. Processor
- 5.3.2. Software
  - 5.3.2.1. Barcode Reading
  - 5.3.2.2. Standard Algorithm
  - 5.3.2.3. Deep Learning Software
- 5.3.3. Services
  - 5.3.3.1. Integration
  - 5.3.3.2. Solution Management

6. Machine Vision Market: By Product, 2021-2031, USD (Million)

6.1. Market Overview
6.2. Growth & Revenue Analysis: 2022 Versus 2031
6.3. Market Segmentation
- 6.3.1. PC Based
- 6.3.2. Smart Camera Based

7. Machine Vision Market: By Application, 2021-2031, USD (Million)

7.1. Market Overview
7.2. Growth & Revenue Analysis: 2022 Versus 2031
7.3. Market Segmentation
- 7.3.1. Quality Assurance and Inspection
- 7.3.2. Positioning and Guidance
- 7.3.3. Measurement
- 7.3.4. Identification

8. Machine Vision Market: By End-Use, 2021-2031, USD (Million)

8.1. Market Overview
8.2. Growth & Revenue Analysis: 2022 Versus 2031
8.3. Market Segmentation
- 8.3.1. Automotive
- 8.3.2. Pharmaceuticals & Chemicals
- 8.3.3. Electronics & Semiconductor
- 8.3.4. Pulp & Paper
- 8.3.5. Printing &Labeling
- 8.3.6. Food & Beverage (Packaging and Bottling)
- 8.3.7. Glass & Metal
- 8.3.8. Postal & Logistics
- 8.3.9. Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)

9. North America Machine Vision Market, 2021-2031, USD (Million)

9.1. Market Overview
9.2. Machine Vision Market: By Offering, 2021-2031, USD (Million)
9.3. Machine Vision Market: By Product, 2021-2031, USD (Million)
9.4. Machine Vision Market: By Application, 2021-2031, USD (Million)
9.5. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
9.6.Machine Vision Market: By Region, 2021-2031, USD (Million)
- 9.6.1.North America
  - 9.6.1.1. U.S.
    - 9.6.1.1.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 9.6.1.1.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 9.6.1.1.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 9.6.1.1.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 9.6.1.2. Canada
    - 9.6.1.2.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 9.6.1.2.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 9.6.1.2.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 9.6.1.2.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 9.6.1.3. Rest of North America
    - 9.6.1.3.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 9.6.1.3.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 9.6.1.3.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 9.6.1.3.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)

10. UK and European Union Machine Vision Market, 2021-2031, USD (Million)

10.1. Market Overview
10.2. Machine Vision Market: By Offering, 2021-2031, USD (Million)
10.3. Machine Vision Market: By Product, 2021-2031, USD (Million)
10.4. Machine Vision Market: By Application, 2021-2031, USD (Million)
10.5. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
10.6.Machine Vision Market: By Region, 2021-2031, USD (Million)
- 10.6.1.UK and European Union
  - 10.6.1.1. UK
    - 10.6.1.1.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 10.6.1.1.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 10.6.1.1.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 10.6.1.1.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 10.6.1.2. Germany
    - 10.6.1.2.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 10.6.1.2.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 10.6.1.2.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 10.6.1.2.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 10.6.1.3. Spain
    - 10.6.1.3.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 10.6.1.3.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 10.6.1.3.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 10.6.1.3.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 10.6.1.4. Italy
    - 10.6.1.4.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 10.6.1.4.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 10.6.1.4.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 10.6.1.4.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 10.6.1.5. France
    - 10.6.1.5.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 10.6.1.5.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 10.6.1.5.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 10.6.1.5.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 10.6.1.6. Rest of Europe
    - 10.6.1.6.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 10.6.1.6.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 10.6.1.6.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 10.6.1.6.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)

11. Asia Pacific Machine Vision Market, 2021-2031, USD (Million)

11.1. Market Overview
11.2. Machine Vision Market: By Offering, 2021-2031, USD (Million)
11.3. Machine Vision Market: By Product, 2021-2031, USD (Million)
11.4. Machine Vision Market: By Application, 2021-2031, USD (Million)
11.5. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
11.6.Machine Vision Market: By Region, 2021-2031, USD (Million)
- 11.6.1.Asia Pacific
  - 11.6.1.1. China
    - 11.6.1.1.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 11.6.1.1.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 11.6.1.1.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 11.6.1.1.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 11.6.1.2. Japan
    - 11.6.1.2.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 11.6.1.2.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 11.6.1.2.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 11.6.1.2.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 11.6.1.3. India
    - 11.6.1.3.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 11.6.1.3.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 11.6.1.3.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 11.6.1.3.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 11.6.1.4. Australia
    - 11.6.1.4.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 11.6.1.4.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 11.6.1.4.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 11.6.1.4.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 11.6.1.5. South Korea
    - 11.6.1.5.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 11.6.1.5.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 11.6.1.5.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 11.6.1.5.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 11.6.1.6. Rest of Asia Pacific
    - 11.6.1.6.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 11.6.1.6.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 11.6.1.6.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 11.6.1.6.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)

12. Latin America Machine Vision Market, 2021-2031, USD (Million)

12.1. Market Overview
12.2. Machine Vision Market: By Offering, 2021-2031, USD (Million)
12.3. Machine Vision Market: By Product, 2021-2031, USD (Million)
12.4. Machine Vision Market: By Application, 2021-2031, USD (Million)
12.5. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
12.6.Machine Vision Market: By Region, 2021-2031, USD (Million)
- 12.6.1.Latin America
  - 12.6.1.1. Brazil
    - 12.6.1.1.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 12.6.1.1.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 12.6.1.1.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 12.6.1.1.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 12.6.1.2. Mexico
    - 12.6.1.2.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 12.6.1.2.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 12.6.1.2.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 12.6.1.2.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 12.6.1.3. Rest of Latin America
    - 12.6.1.3.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 12.6.1.3.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 12.6.1.3.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 12.6.1.3.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)

13. Middle East and Africa Machine Vision Market, 2021-2031, USD (Million)

13.1. Market Overview
13.2. Machine Vision Market: By Offering, 2021-2031, USD (Million)
13.3. Machine Vision Market: By Product, 2021-2031, USD (Million)
13.4. Machine Vision Market: By Application, 2021-2031, USD (Million)
13.5. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
13.6.Machine Vision Market: By Region, 2021-2031, USD (Million)
- 13.6.1.Middle East and Africa
  - 13.6.1.1. GCC
    - 13.6.1.1.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 13.6.1.1.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 13.6.1.1.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 13.6.1.1.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 13.6.1.2. Africa
    - 13.6.1.2.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 13.6.1.2.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 13.6.1.2.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 13.6.1.2.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)
  - 13.6.1.3. Rest of Middle East and Africa
    - 13.6.1.3.1. Machine Vision Market: By Offering, 2021-2031, USD (Million)
    - 13.6.1.3.2. Machine Vision Market: By Product, 2021-2031, USD (Million)
    - 13.6.1.3.3. Machine Vision Market: By Application, 2021-2031, USD (Million)
    - 13.6.1.3.4. Machine Vision Market: By End-Use, 2021-2031, USD (Million)

14. Company Profile

14.1. Allied Vision Technologies GmbH
- 14.1.1. Company Overview
- 14.1.2. Financial Performance
- 14.1.3. Product Portfolio
- 14.1.4. Strategic Initiatives
14.2. Basler AG
- 14.2.1. Company Overview
- 14.2.2. Financial Performance
- 14.2.3. Product Portfolio
- 14.2.4. Strategic Initiatives
14.3. Cognex Corporation
- 14.3.1. Company Overview
- 14.3.2. Financial Performance
- 14.3.3. Product Portfolio
- 14.3.4. Strategic Initiatives
14.4. Keyence Corporation
- 14.4.1. Company Overview
- 14.4.2. Financial Performance
- 14.4.3. Product Portfolio
- 14.4.4. Strategic Initiatives
14.5. LMI Technologies, Inc.
- 14.5.1. Company Overview
- 14.5.2. Financial Performance
- 14.5.3. Product Portfolio
- 14.5.4. Strategic Initiatives
14.6. Microscan Systems, Inc.
- 14.6.1. Company Overview
- 14.6.2. Financial Performance
- 14.6.3. Product Portfolio
- 14.6.4. Strategic Initiatives
14.7. National Instruments Corporation
- 14.7.1. Company Overview
- 14.7.2. Financial Performance
- 14.7.3. Product Portfolio
- 14.7.4. Strategic Initiatives
14.8. OMRON Corporation
- 14.8.1. Company Overview
- 14.8.2. Financial Performance
- 14.8.3. Product Portfolio
- 14.8.4. Strategic Initiatives
14.9. Sick AG
- 14.9.1. Company Overview
- 14.9.2. Financial Performance
- 14.9.3. Product Portfolio
- 14.9.4. Strategic Initiatives
14.10. Tordivel AS
- 14.10.1. Company Overview
- 14.10.2. Financial Performance
- 14.10.3. Product Portfolio
- 14.10.4. Strategic Initiatives
14.11. Other Notable Players
- 14.11.1. Company Overview
- 14.11.2. Financial Performance
- 14.11.3. Product Portfolio
- 14.11.4. Strategic Initiatives

Product Code: 139893-10-23

List of Tables

TABLE 1 Global Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 2 Global Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 3 Global Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 4 Global Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 5 Global Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 6 Global Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 7 Global Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 8 North America Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 9 North America Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 10 North America Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 11 North America Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 12 North America Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 13 North America Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 14 North America Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 15 U.S. Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 16 U.S. Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 17 U.S. Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 18 U.S. Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 19 U.S. Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 20 U.S. Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 21 U.S. Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 22 Canada Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 23 Canada Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 24 Canada Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 25 Canada Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 26 Canada Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 27 Canada Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 28 Canada Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 29 Rest of North America Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 30 Rest of North America Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 31 Rest of North America Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 32 Rest of North America Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 33 Rest of North America Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 34 Rest of North America Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 35 Rest of North America Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 36 UK and European Union Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 37 UK and European Union Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 38 UK and European Union Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 39 UK and European Union Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 40 UK and European Union Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 41 UK and European Union Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 42 UK and European Union Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 43 UK Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 44 UK Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 45 UK Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 46 UK Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 47 UK Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 48 UK Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 49 UK Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 50 Germany Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 51 Germany Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 52 Germany Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 53 Germany Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 54 Germany Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 55 Germany Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 56 Germany Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 57 Spain Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 58 Spain Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 59 Spain Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 60 Spain Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 61 Spain Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 62 Spain Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 63 Spain Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 64 Italy Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 65 Italy Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 66 Italy Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 67 Italy Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 68 Italy Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 69 Italy Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 70 Italy Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 71 France Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 72 France Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 73 France Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 74 France Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 75 France Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 76 France Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 77 France Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 78 Rest of Europe Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 79 Rest of Europe Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 80 Rest of Europe Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 81 Rest of Europe Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 82 Rest of Europe Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 83 Rest of Europe Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 84 Rest of Europe Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 85 Asia Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 86 Asia Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 87 Asia Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 88 Asia Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 89 Asia Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 90 Asia Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 91 Asia Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 92 China Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 93 China Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 94 China Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 95 China Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 96 China Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 97 China Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 98 China Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 99 Japan Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 100 Japan Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 101 Japan Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 102 Japan Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 103 Japan Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 104 Japan Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 105 Japan Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 106 India Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 107 India Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 108 India Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 109 India Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 110 India Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 111 India Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 112 India Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 113 Australia Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 114 Australia Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 115 Australia Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 116 Australia Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 117 Australia Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 118 Australia Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 119 Australia Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 120 South Korea Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 121 South Korea Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 122 South Korea Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 123 South Korea Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 124 South Korea Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 125 South Korea Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 126 South Korea Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 127 Latin America Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 128 Latin America Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 129 Latin America Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 130 Latin America Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 131 Latin America Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 132 Latin America Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 133 Latin America Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 134 Brazil Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 135 Brazil Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 136 Brazil Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 137 Brazil Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 138 Brazil Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 139 Brazil Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 140 Brazil Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 141 Mexico Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 142 Mexico Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 143 Mexico Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 144 Mexico Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 145 Mexico Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 146 Mexico Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 147 Mexico Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 148 Rest of Latin America Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 149 Rest of Latin America Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 150 Rest of Latin America Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 151 Rest of Latin America Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 152 Rest of Latin America Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 153 Rest of Latin America Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 154 Rest of Latin America Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 155 Middle East and Africa Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 156 Middle East and Africa Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 157 Middle East and Africa Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 158 Middle East and Africa Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 159 Middle East and Africa Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 160 Middle East and Africa Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 161 Middle East and Africa Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 162 GCC Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 163 GCC Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 164 GCC Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 165 GCC Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 166 GCC Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 167 GCC Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 168 GCC Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 169 Africa Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 170 Africa Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 171 Africa Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 172 Africa Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 173 Africa Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 174 Africa Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 175 Africa Machine Vision Market By End-Use, 2021-2031, USD (Million)
TABLE 176 Rest of Middle East and Africa Machine Vision Market By Offering, 2021-2031, USD (Million)
TABLE 177 Rest of Middle East and Africa Machine Vision Market By Hardware, 2021-2031, USD (Million)

TABLE 178 Rest of Middle East and Africa Machine Vision Market By Software, 2021-2031, USD (Million)

TABLE 179 Rest of Middle East and Africa Machine Vision Market By Services, 2021-2031, USD (Million)

TABLE 180 Rest of Middle East and Africa Machine Vision Market By Product, 2021-2031, USD (Million)

TABLE 181 Rest of Middle East and Africa Machine Vision Market By Application, 2021-2031, USD (Million)
TABLE 182 Rest of Middle East and Africa Machine Vision Market By End-Use, 2021-2031, USD (Million)

List of Figures

FIG. 1 Global Machine Vision Market: Market Coverage
FIG. 2 Research Methodology and Data Sources
FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
FIG. 4 Global Machine Vision Market: Quality Assurance
FIG. 5 Global Machine Vision Market, By Offering, 2022
FIG. 6 Global Machine Vision Market, By Product, 2022
FIG. 7 Global Machine Vision Market, By Application, 2022
FIG. 8 Global Machine Vision Market, By End-Use, 2022
FIG. 9 Global Machine Vision Market, By Geography, 2022
FIG. 10 Market Geographical Opportunity Matrix - Global Machine Vision Market, 2022

FIG. 11Market Positioning of Key Machine Vision Market Players, 2022

FIG. 12Global Machine Vision Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031

FIG. 13 Global Machine Vision Market, By Offering, 2022 Vs 2031, %
FIG. 14 Global Machine Vision Market, By Product, 2022 Vs 2031, %
FIG. 15 Global Machine Vision Market, By Application, 2022 Vs 2031, %
FIG. 16 Global Machine Vision Market, By End-Use, 2022 Vs 2031, %
FIG. 17 U.S. Machine Vision Market (US$ Million), 2021 - 2031
FIG. 18 Canada Machine Vision Market (US$ Million), 2021 - 2031
FIG. 19 Rest of North America Machine Vision Market (US$ Million), 2021 - 2031
FIG. 20 UK Machine Vision Market (US$ Million), 2021 - 2031
FIG. 21 Germany Machine Vision Market (US$ Million), 2021 - 2031
FIG. 22 Spain Machine Vision Market (US$ Million), 2021 - 2031
FIG. 23 Italy Machine Vision Market (US$ Million), 2021 - 2031
FIG. 24 France Machine Vision Market (US$ Million), 2021 - 2031
FIG. 25 Rest of Europe Machine Vision Market (US$ Million), 2021 - 2031
FIG. 26 China Machine Vision Market (US$ Million), 2021 - 2031
FIG. 27 Japan Machine Vision Market (US$ Million), 2021 - 2031
FIG. 28 India Machine Vision Market (US$ Million), 2021 - 2031
FIG. 29 Australia Machine Vision Market (US$ Million), 2021 - 2031
FIG. 30 South Korea Machine Vision Market (US$ Million), 2021 - 2031
FIG. 31 Rest of Asia Machine Vision Market (US$ Million), 2021 - 2031
FIG. 32 Brazil Machine Vision Market (US$ Million), 2021 - 2031
FIG. 33 Mexico Machine Vision Market (US$ Million), 2021 - 2031
FIG. 34 Rest of Latin America Machine Vision Market (US$ Million), 2021 - 2031
FIG. 35 GCC Machine Vision Market (US$ Million), 2021 - 2031
FIG. 36 Africa Machine Vision Market (US$ Million), 2021 - 2031
FIG. 37 Rest of Middle East and Africa Machine Vision Market (US$ Million), 2021 - 2031

Machine Vision Market - Growth, Future Prospects and Competitive Analysis, 2023 - 2031

Description

Table of Contents

List of Tables

Changing Regulatory Landscape

Technological Advancements

Increasing Health Awareness

Lack of Standardization

Market Segmentation by Offering: Hardware Segment Dominates the Market

Market Segmentation by Product: PC-based machine vision systems Dominates the Market

North America Remains as the Global Leader

Market Competition to Intensify during the Forecast Period

Historical & Forecast Period

Research Methodology

Geographical revenues generate by countries considered in the report:

Market Segmentation

Offering

Product

Application

End-Use

Region Segment (2021-2031; US$ Million)

Key questions answered in this report:

Table of Contents

1. Preface

2. Executive Summary

3. Machine Vision Market: Competitive Analysis

4. Machine Vision Market: Macro Analysis & Market Dynamics

5. Machine Vision Market: By Offering, 2021-2031, USD (Million)

6. Machine Vision Market: By Product, 2021-2031, USD (Million)

7. Machine Vision Market: By Application, 2021-2031, USD (Million)

8. Machine Vision Market: By End-Use, 2021-2031, USD (Million)

9. North America Machine Vision Market, 2021-2031, USD (Million)

10. UK and European Union Machine Vision Market, 2021-2031, USD (Million)

11. Asia Pacific Machine Vision Market, 2021-2031, USD (Million)

12. Latin America Machine Vision Market, 2021-2031, USD (Million)

13. Middle East and Africa Machine Vision Market, 2021-2031, USD (Million)

14. Company Profile

List of Tables

List of Figures