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Market Research Report
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1035882

North America Machine Vision Market Forecast 2021-2028

Published: | Inkwood Research | 145 Pages | Delivery time: 2-3 business days

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North America Machine Vision Market Forecast 2021-2028
Published: November 10, 2021
Inkwood Research
Content info: 145 Pages
Delivery time: 2-3 business days
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  • Description
  • Table of Contents
Description

KEY FINDINGS

The North America machine vision market is anticipated to register a CAGR of 7.28% during the forecasted period of 2021 to 2028. The regional market's growth is fueled by increasing investments in research and development (R&D) in order to facilitate efficient manufacturing processes, the presence of well-established global players, as well as significant technological developments.

MARKET INSIGHTS

The North America machine vision market growth evaluation constitutes the assessment of Canada and the United States. Manufacturing is a predominant element in terms of Canada's modern economy. Equating to nearly $173 billion of the country's gross domestic product (GDP), manufacturing accounts for over 10% of the same. The production industry in Canada holds tremendous potential for the country's fiscal prospects. Moreover, on account of the development of new technologies, several markets for Canadian goods are emerging, thus transitioning the manner in which these products are manufactured and handled.

On the other hand, the country's machine vision market has also experienced significant improvements, with continued investments by manufacturers in automation, as well as imaging technology, being a critical factor contributing to the industry's expansion. The government of Canada has also slashed taxes, eased regulations, and promoted trade in order to attract firms to establish manufacturing plants in the country. As a result, these factors are anticipated to propel the machine vision market growth in North America over the forecasting years.

COMPETITIVE INSIGHTS

The top players operating in the market are Cognex Corporation, FLIR Systems Inc, Microscan Systems Inc, etc.

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
Product Code: 10525

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

  • 3.1. KEY DRIVERS
    • 3.1.1. RISING FACTORY AUTOMATION
    • 3.1.2. SURGING DEMAND FROM END-USERS
    • 3.1.3. ONGOING TREND OF PRODUCT MINIATURIZATION
    • 3.1.4. GROWING NEED FOR QUALITY INSPECTION
  • 3.2. KEY RESTRAINTS
    • 3.2.1. PRICE SENSITIVITY IN ASIA-PACIFIC
    • 3.2.2. LACK OF AWARENESS & SKILLED PERSONNEL
    • 3.2.3. ABSENCE OF STANDARDIZATION
    • 3.2.4. DIFFICULTY IN IMPLEMENTATION OF MACHINE VISION SYSTEMS

4. KEY ANALYTICS

  • 4.1. IMPACT OF COVID-19 ON MACHINE VISION MARKET
  • 4.2. KEY MARKET TRENDS
  • 4.3. PORTER'S FIVE FORCES ANALYSIS
    • 4.3.1. BUYERS POWER
    • 4.3.2. SUPPLIERS POWER
    • 4.3.3. SUBSTITUTION
    • 4.3.4. NEW ENTRANTS
    • 4.3.5. INDUSTRY RIVALRY
  • 4.4. OPPORTUNITY MATRIX
  • 4.5. VENDOR LANDSCAPE
  • 4.6. KEY BUYING CRITERIA
    • 4.6.1. PRECISION
    • 4.6.2. COST EFFECTIVENESS
    • 4.6.3. FLEXIBILITY
  • 4.7. VALUE CHAIN ANALYSIS

5. MARKET BY TYPE

  • 5.1. 1D MACHINE VISION
  • 5.2. 2D MACHINE VISION
  • 5.3. 3D MACHINE VISION

6. MARKET BY COMPONENTS

  • 6.1. HARDWARE
    • 6.1.1. ASMV
    • 6.1.2. CAMERAS
    • 6.1.3. SENSORS
    • 6.1.4. ILLUMINATIONS
    • 6.1.5. PROCESSORS
    • 6.1.6. OTHER HARDWARE COMPONENTS
  • 6.2. SOFTWARE

7. MARKET BY APPLICATION

  • 7.1. INSPECTION
  • 7.2. GAUGING
  • 7.3. GUIDANCE
  • 7.4. IDENTIFICATION
  • 7.5. OTHER APPLICATIONS

8. MARKET BY END-USER

  • 8.1. AUTOMOTIVE
  • 8.2. ELECTRONICS & SEMICONDUCTORS
  • 8.3. HEALTHCARE
  • 8.4. FOOD & PACKAGING
  • 8.5. OTHER END-USERS

9. GEOGRAPHICAL ANALYSIS

  • 9.1. NORTH AMERICA
    • 9.1.1. MARKET SIZE & ESTIMATES
    • 9.1.2. KEY GROWTH ENABLERS
    • 9.1.3. KEY CHALLENGES
    • 9.1.4. KEY PLAYERS
    • 9.1.5. COUNTRY ANALYSIS
      • 9.1.5.1. UNITED STATES
      • 9.1.5.2. CANADA

10. COMPETITIVE LANDSCAPE

  • 10.1. KEY STRATEGIC DEVELOPMENTS
    • 10.1.1. MERGERS & ACQUISITIONS
    • 10.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
    • 10.1.3. PARTNERSHIPS & AGREEMENTS
    • 10.1.4. BUSINESS EXPANSIONS & DIVESTITURES
  • 10.2. COMPANY PROFILES
    • 10.2.1. ALLIED VISION TECHNOLOGIES GMBH
    • 10.2.2. BASLER AG
    • 10.2.3. BAUMER OPTRONIC GMBH
    • 10.2.4. COGNEX CORPORATION
    • 10.2.5. DATALOGIC SPA
    • 10.2.6. FLIR SYSTEM
    • 10.2.7. JAI A/S
    • 10.2.8. KEYENCE CORPORATION
    • 10.2.9. MICROSCAN SYSTEMS INC
    • 10.2.10. NATIONAL INSTRUMENTS CORPORATION
    • 10.2.11. OMRON CORPORATION
    • 10.2.12. OPTOTUNE AG
    • 10.2.13. PERCEPTRON INC
    • 10.2.14. TELEDYNE TECHNOLOGIES INC
    • 10.2.15. USS VISION INC

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - MACHINE VISION
  • TABLE 2: NORTH AMERICA MACHINE VISION MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 3: NORTH AMERICA MACHINE VISION MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 4: NORTH AMERICA MACHINE VISION MARKET, BY COMPONENTS, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 5: NORTH AMERICA MACHINE VISION MARKET, BY COMPONENTS, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 6: NORTH AMERICA MACHINE VISION MARKET, BY HARDWARE COMPONENTS, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 7: NORTH AMERICA MACHINE VISION MARKET, BY HARDWARE COMPONENTS, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 8: NORTH AMERICA MACHINE VISION MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 9: NORTH AMERICA MACHINE VISION MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 10: NORTH AMERICA MACHINE VISION MARKET, BY END-USER, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 11: NORTH AMERICA MACHINE VISION MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 12: NORTH AMERICA MACHINE VISION MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 13: NORTH AMERICA MACHINE VISION MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 14: LIST OF MERGERS & ACQUISITIONS
  • TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
  • TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS
  • TABLE 17: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

  • FIGURE 1: KEY MARKET TRENDS
  • FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 3: OPPORTUNITY MATRIX
  • FIGURE 4: VENDOR LANDSCAPE
  • FIGURE 5: VALUE CHAIN ANALYSIS
  • FIGURE 6: KEY BUYING CRITERIA
  • FIGURE 7: NORTH AMERICA MACHINE VISION MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020
  • FIGURE 8: NORTH AMERICA MACHINE VISION MARKET, BY 1D MACHINE VISION, 2021-2028 (IN $ MILLION)
  • FIGURE 9: NORTH AMERICA MACHINE VISION MARKET, BY 2D MACHINE VISION, 2021-2028 (IN $ MILLION)
  • FIGURE 10: NORTH AMERICA MACHINE VISION MARKET, BY 3D MACHINE VISION, 2021-2028 (IN $ MILLION)
  • FIGURE 11: NORTH AMERICA MACHINE VISION MARKET, GROWTH POTENTIAL, BY COMPONENTS, IN 2020
  • FIGURE 12: NORTH AMERICA MACHINE VISION MARKET, BY HARDWARE, 2021-2028 (IN $ MILLION)
  • FIGURE 13: NORTH AMERICA MACHINE VISION MARKET, GROWTH POTENTIAL, BY HARDWARE COMPONENTS, IN 2020
  • FIGURE 14: NORTH AMERICA MACHINE VISION MARKET, BY ASMV, 2021-2028 (IN $ MILLION)
  • FIGURE 15: NORTH AMERICA MACHINE VISION MARKET, BY CAMERAS, 2021-2028 (IN $ MILLION)
  • FIGURE 16: NORTH AMERICA MACHINE VISION MARKET, BY SENSORS, 2021-2028 (IN $ MILLION)
  • FIGURE 17: NORTH AMERICA MACHINE VISION MARKET, BY ILLUMINATIONS, 2021-2028 (IN $ MILLION)
  • FIGURE 18: NORTH AMERICA MACHINE VISION MARKET, BY PROCESSORS, 2021-2028 (IN $ MILLION)
  • FIGURE 19: NORTH AMERICA MACHINE VISION MARKET, BY OTHER HARDWARE COMPONENTS, 2021-2028 (IN $ MILLION)
  • FIGURE 20: NORTH AMERICA MACHINE VISION MARKET, BY SOFTWARE, 2021-2028 (IN $ MILLION)
  • FIGURE 21: NORTH AMERICA MACHINE VISION MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020
  • FIGURE 22: NORTH AMERICA MACHINE VISION MARKET, BY INSPECTION, 2021-2028 (IN $ MILLION)
  • FIGURE 23: NORTH AMERICA MACHINE VISION MARKET, BY GAUGING, 2021-2028 (IN $ MILLION)
  • FIGURE 24: NORTH AMERICA MACHINE VISION MARKET, BY GUIDANCE, 2021-2028 (IN $ MILLION)
  • FIGURE 25: NORTH AMERICA MACHINE VISION MARKET, BY IDENTIFICATION, 2021-2028 (IN $ MILLION)
  • FIGURE 26: NORTH AMERICA MACHINE VISION MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)
  • FIGURE 27: NORTH AMERICA MACHINE VISION MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020
  • FIGURE 28: NORTH AMERICA MACHINE VISION MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)
  • FIGURE 29: NORTH AMERICA MACHINE VISION MARKET, BY ELECTRONICS & SEMICONDUCTORS, 2021-2028 (IN $ MILLION)
  • FIGURE 30: NORTH AMERICA MACHINE VISION MARKET, BY HEALTHCARE, 2021-2028 (IN $ MILLION)
  • FIGURE 31: NORTH AMERICA MACHINE VISION MARKET, BY FOOD & PACKAGING, 2021-2028 (IN $ MILLION)
  • FIGURE 32: NORTH AMERICA MACHINE VISION MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)
  • FIGURE 33: NORTH AMERICA MACHINE VISION MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 34: UNITED STATES MACHINE VISION MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 35: CANADA MACHINE VISION MARKET, 2021-2028 (IN $ MILLION)