PUBLISHER: Markets & Data | PRODUCT CODE: 1768672
PUBLISHER: Markets & Data | PRODUCT CODE: 1768672
Global machine vision market is projected to witness a CAGR of 9.21% during the forecast period 2025-2032, growing from USD 18.03 billion in 2024 to USD 36.48 billion in 2032. The global machine vision market is experiencing significant growth because companies around the world demand improved quality checks for products and advanced control machines. Machine vision helps them do this by using smart cameras and sensors. It saves time, reduces errors and improves product quality too which is why the market is growing so fast.
The machine vision market is growing rapidly because more companies use smart tools for their day-to-day work. Smart tools use cameras, sensors and software to measure specific products or spaces, count specific items, or search for defects, all without human assistance. These smart tools can be used in factories, warehouses, packing products and shipping products. Normally, machine vision can be used together with other smart tools such as sensors. The sensors will collect data before sending it to computers. Computers accept data that helps teams make decisions sooner and avoid waiting. Machine vision works faster and more reliably than humans, so they are being used in companies that place a high importance on quality results. A bonus for many companies is that they appreciate the fact that these smart tools work smart 24/7 and do not need breaks, which leads to cost savings. Hence, global machine vision is showing strong and stable growth.
For instance, in January 2024, CGI Inc. announced CGI Machine Vision, a platform powered by AI and IoT-enabled sensors that has the power to optimize inspection and operational efficiency. By combining the power of sensor data with real-time insights as well as ways of reducing errors and increasing output, it is no wonder that the global machine vision market is expanding and the demand is increasing.
Progress in 3D Vision Systems Influences the Global Machine Vision Market Demand
One of the main reasons behind the growth of the machine vision space is the newer class of 3D vision systems. Traditional vision systems are two-dimensional and see only flat pictures, whereas 3D vision systems can look at things in three dimensions. By allowing machines to recognize size, shape and depth, they have been able to apply these systems in quality control to see if the product is manufactured correctly. 3D vision is typically used in industries where precision quality must be maintained, such as automotive and electronics manufacturing. These new systems are quick and easily positioned in various spots in the factory. Some of the systems are quickly set up and come with software that acquires and processes images very rapidly, allowing companies to make decisions in practically half the time. Because of these factors, many companies are now making a shift to implement 3D vision wherever they can. The positives of 3D vision create easier, quicker and more reliable work processes.
For example, in July 2024, Keyence Corporation introduced the LJ-S8000 Series, a 3D laser snapshot sensor designed for high-speed non-contact inspection. The system allows 3D appearance detection, surface scanning and measurement of physical dimensions. The system can be used in multiple industrial environments and provides detailed image data in real time.
Need for Reliable Sensors in Harsh Environments Proliferates Global Machine Vision Market
Another significant reason for market growth is the rise in the need to have robust and intelligent sensors. Some environments, such as factories and other processing areas, are full of dust, steam, foam or fast-moving pieces. Standard cameras may not perform well in those conditions. However, newer sensors can still measure or detect something without the sensors touching them. They can be used to look at liquids, powders or other things in far worse conditions. These sensors are safe, long-lasting, with virtually no operational stoppages, driving the global machine vision market demand in the forecast period. In addition, the machines can run less often without stoppages, which means results are timelier. Several companies select the sensors due to minimal cleaning and continued accuracy. As companies continue to find ways to operate better in all environments, demand for these rugged machine vision and sensor tools is growing rapidly worldwide.
For example, in June 2024, Keyence Corporation released a radar-level sensor with a 15-meter range and 1 mm precision. Its non-contact solution is intended for factory situations that are difficult to get sensors into, and which function perfectly under the conditions of ripples, foam, or dust, in factories that support process industries where the more traditional sensors might not work.
For example, in May 2024, Keyence Corporation launched the WM-6000, a portable and handheld, wide-area 3D scanning system. This system has non-contact laser probing with accurate measuring capabilities, even for tighter or uneven environments. The WM-6000 system has enhanced usability for operatives who need fast and high-precision data on site.
North America Dominates Global Machine Vision Market Size
North America is leading the machine vision market compared to other regions because of a solid industrial foundation and the adoption of new technologies. Many manufacturers and businesses in the region have integrated advanced smart cameras and systems to improve the way they do business. Machine vision is a way for this region to track items, including scanning barcodes, sorting items, verifying packaging, and guiding robots. The systems are used in many manufacturing fields, ranging from food processing and automotive to shipping and electronic components. The demands from the companies in this region want quickness, safety and accuracy; therefore, companies invest in automated machines and systems. Despite investing in automated machines, companies will continue upgrading their hardware and software because North America has strong research teams and is able to develop the right software and hardware to improve the systems every year. Governments in the region and large companies support the growth of machine vision systems by significantly integrating them to increase productivity. The demand for automation is growing in North America, and these North American countries leading the globe in adoption of machine vision systems will be further strengthened by their solid industrial foundation as well as their demand to have quality continually improve in all aspects of their business, which is leading to the most growth in the market.
For example, in March 2024, Cognex Corporation announced a new product, a high-speed vision tunnel system and the DataMan 380 barcode reader. The vision system is built for large-scale organizations such as logistics and fulfillment centers that require high volume, automated product identification, where speed and accuracy are vital.
Impact of U.S. Tariffs on Global Machine Vision Market
Importation tariffs on certain components used in machine vision systems from other countries could drive up costs. Many components, such as lenses and sensors, are manufactured outside of the U.S. If tariffs are placed on this imported equipment, both the construction and purchase of machine vision systems will be more expensive. Smaller companies will potentially delay their upgrades, while others may consider local components even if it requires further investment. Still, since machine vision can produce savings in time, labor, and processes for firms, most will find the motivation to continue their investment despite the additional tariffs.
Key Players Landscape and Outlook
The global market for machine vision systems is always changing as companies look to improve and increase the sophistication and ability of the systems. Companies want faster, easier-to-use tools that can accomplish multiple functionalities in one process. Some of the latest systems can now inspect parts, decode codes and detect defects in a single image. Many of the newer systems are also increasing the use of AI processes to analyze images. AI provides more accurate image analysis, but it also decreases inspection time in manufacturing and opens factories and processes to more automation. Using AI and machine vision systems is changing the pace at which factories can operate with automated processes, increasing throughput and efficiency. As the industry makes progress with automation, machine vision systems will become more widely used. All manufacturers are working toward creating flexible systems that are powerful but can grow and adapt to changing requirements. The future is bright for machine vision systems as new technology, smarter camera systems and improved software continue to bring market opportunities for more companies to adopt machine vision as an easy and effective operator across many processes.
For example, in July 2024, Omron Electronics, LLC released an update of the FH Vision System and FHV7 Smart Camera with Digimarc encoding. The update enhances the responsiveness of the system
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.