The global machine vision market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. The factor that drives the global machine vision market is due to rise in demand for industrial applications and the increase in demand for vision-guided robotics systems boosts the global machine vision system market. For instance, in July 2020, Stevanato Group introduced a modular, robotic inspection system that incorporates artificial intelligence with accrued machine learning capabilities at its Interphex Virtual Exhibition. The company’s Vision Robot Unit (VRU) is a dependable, autonomous module efficient for automatically inspecting both cosmetic and particle properties without human intervention.
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The COVID-19 pandemic has had a positive impact on the global machine vision market as key players were launching different products during the COVID-19 pandemic to stay competitive in the market. For instance, In July 2020, India-based Nagarro introduced AI-powered solutions based on machine vision technology to assist organizations start work during the COVID-19 pandemic. Furthermore, In June 2020, India-based RayVision, a computer vision-based solution as part of RayReach Technologies, ventured into addressing COVID-19 monitoring, such as detecting face masks disobedience, crowding disobedience, social distancing violations, PPE disobedience, and hand sanitizer utilization.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Machine Vision Market by Type
- One Dimension (1D)
- Two Dimension (2D)
- Three Dimension (3D)
- Area or Line Scan
Global Machine Vision Market by Application
- Identification
- Guidance and Positioning
- Measurement
- Quality Assurance and Inspection
Global Machine Vision Market by Component
- Camera
- Lenses
- Lighting Source
- Processor
- Software
Global Machine Vision Market by Industry Vertical
- Automotive
- Machinery
- Food & Packaging
- Non-Industrial
- Healthcare
- Security & Surveillance
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Allied Vision Technologies GmbH
- Baldwin Technology Company Inc.
- Basler AG
- Canon Inc.
- FRAMOS GmbH
- INTEL CORP
- ISRA VISION GmbH
- IVISYS
- KEYENCE CORP
- MVTEC SOFTWARE GMBH,
- Perceptron, Inc.
- Sensory Inc.
- Teledyne Digital Imaging Inc.
- Texas Instruments Inc
- USS Vision LLC
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global machine vision market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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