Machine Vision Market

Machine Vision Market with COVID-19 impact Analysis by Deployment (General & Robotic cell), Component (Hardware and Software), Product (PC-based and Smart camera-based), Application, End-user Industry & Region - Forecast to 2025

Report Code: SE 5835 Jun, 2020, by marketsandmarkets.com

[284 Pages Report] The global machine vision market is expected to grow from USD 9.6 billion in 2020 to USD 13.0 billion by 2025, at a CAGR of 6.1% during the forecast period. Post-COVID-19, manufacturers are gradually realizing the importance of automation in manufacturing more than ever. But due to the lockdown across countries, companies are facing severe cash flow issues and are deferring new projects related to the implementation of machine vision in their factories. The ongoing COVID-19 pandemic has caused disruptions in economies and supply chains, thereby causing companies operating in different industries to adopt a global supply chain model. A number of manufacturing companies have halted their production, which has collaterally damaged the supply chain and negatively impacted the machine vision market.

Machine Vision Market

Market Dynamics

Drivers

Increasing need for quality inspection and automation

Manufacturing companies across the globe are planning to invest more on automation post COVID-19 also the need for automated quality assurance has increased as industries have realized its importance in manufacturing processes. This need is however further elevated due to the COVID-19 outbreak due to less intervention by human involved in the process. This has resulted in the widespread acceptance of machine vision as an integral part of long-term automation development processes.

Growing demand for vision-guided robotics systems

Recently, vision-guided robotics systems have led to significant changes in the machine vision market. There has been a rapid growth in the use of industrial robots for automation in the automotive and consumer electronics sectors. This is leading to an increasing need for the integration of machine vision systems with vision-guided robot controllers. Machine vision systems enhance the efficiency of robots by allowing them to see and respond to their environments.

Restraints

Varying end-user requirements

The importance of machine vision is likely to increase in the manufacturing sector, as the industry undergoes a gradual transition from product standardization to product customization. It is difficult to develop a standard machine vision system, as there are several manufacturing industries to cover, and specifications differ based on individual customer requirements.

Robotic cell machine vision market expected to grow at a faster rate in the machine vision market

Based on deployment, the machine vision market has been segmented into a general machine vision system and robotic cell. Robot cells are cost-effective and can handle increasing number of product variants as component types can be changed without stopping the production process, simply by changing the inspection software and robot program. Also, robot cells are more accurate and reliable as the field of view of the camera, and perspective can be tailored. Therefore, robotic cells are growing at a faster rate than general machine vision market.

Smart Camera-based machine vision market to grow at a faster rate during the forecast period

The smart camera-based machine vision system is expected to grow at a faster rate during the forecast period as smart camera-based machine vision systems are cost-effective, compact, and flexible since it is easier to implement changes in these systems based on revised regulations and standards. In addition, with the advancements in smart camera technology and IoT, which can be easily be integrated with smart cameras, and the penetration of the smart camera-based machine vision systems is likely to increase in the next few years.

Predictive maintenance to hold grow at the fastest rate in the machine vision market during the forecast period

Predictive maintenance helps in reducing the cost as compared to other techniques like time-based preventive maintenance. Thus, it is carried out when a particular item is in the degradation state. The ultimate aim is to provide cost-saving over schedule-based preventive maintenance or unplanned reactive maintenance, which could result in machinery being unavailable during critical periods. Thus, predictive maintenance is growing at the fastest rate in the machine vision market during the forecast period.

Automotive industry to hold the largest market in the machine vision market during the forecast period

In the automotive sector, the machine vision system provides improved accuracy in critical activities, including bin picking and positioning of parts, such as doors and panels, for assembly. Due to the shortage of skilled laborers and the reducing manufacturing prices of automobiles, automobile companies are focusing more on automation in their production processes. Therefore, the automotive sector will hold the largest machine vision market in the future.

Machine Vision Market by Region

APAC held the largest market share in the machine vision market between 2020 and 2025

The machine vision market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. However, the outbreak of COVID-19 has significantly affected the manufacturing sector of APAC. As the neighboring countries are linked to one another through trade relations and supply chain the entire region is affected with the outbreak of COVID-19 which will have a significant impact on the said market in this region for the forecast period.

Machine Vision Market by Region

Key Market Players

  • The key market players in the market are Cognex Corporation (US), Basler AG (Germany), Omron Corporation (Japan), Keyence (Japan), National Instruments (US), Sony Corporation (Japan), Teledyne Technologies (US), Texas Instruments (US), Intel Corporation (US), ISRA Vision (Germany), Sick AG (Germany) and FLIR Systems (US).
  • Cognex (US) is the dominant player regarding the machine vision market in US and globally. Cognex offers machine vision systems, software, sensors, surface inspection systems, and industrial ID readers for automation processes. In 2015, the company sold it's Surface Inspection Systems Division (SISD) business to AMETEK, Inc. (US), a global manufacturer of electronic instruments and electromechanical devices based in the Americas. Currently, it has only one reportable segment—Modular Vision Systems Division (MVSD)—which provides inspection and automation-related products and services used for the production of cellular phones, aspirin bottles, automobile wheels, metals, paper, plastics, and glass, among others. The products of Cognex Machine vision are widely used in the manufacturing sector, where technology is considered an important component of the automated product and quality assurance.

Scope of the Report:

Report Metric

Details

Market size available for years

2017–2025

Base year

2019

Forecast period

2020–2025

Units

Value, USD

Segments covered

Deployment, Component, Product, Application, and End-user industry

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Cognex Corporation (US), Basler AG (Germany), Omron Corporation (Japan), Keyence (Japan), National Instruments(US), Sony Corporation (Japan), Teledyne Technologies (US), Texas Instruments (US), Intel Corporation (US), ISRA Vision (Germany), Sick AG (Germany) and FLIR Systems (US).

This report categorizes the machine vision market based on service type, sourcing type, application, and region.

Machine Vision Market, by deployment:

  • General machine vision system
  • Robotic cell

Machine Vision Market, by offering:

  • Hardware
    • Camera
      • Interface Standards
        • Camera Link
        • GigE
        • USB 3.0
        • Coaxpress
        • Others
      • Imaging Spectrum
        • Visible
        • Visible +IR/IR
      • By Frame Rate
        • <25 FPS
        • 25–125 FPS
        • >125 FPS
      • By Format
        • Line Scan
        • Area Scan
      • By Sensor Type
        • CMOS
        • CCD
    • Frame Grabber
    • Optics
    • LED Lighting
    • Processor
      • FPGA
      • DSP
      • Microcontroller and Microprocessor
      • Vision processing Unit
  • Software
    • Application-Specific
    • Deep Learning Software

Machine Vision Market, by Product:

  • PC- based vision system
  • Smart Cameras- based vision system

Machine Vision Market, by Application:

  • Quality Assurance & Inspection
  • Positioning & Guidance
  • Measurement
  • Identification
  • Predictive maintenance

Machine Vision Market, by End-user Industry:

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

Machine Vision Market, by Region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • APAC
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of APAC
  • RoW
    • South America
    • Middle East
    • Africa

Recent Developments

  • In May 2020, Cognex introduced the Insight D900 embedded vision system. The system is the first-of-its kind solution, as it features Cognex’s ViDi deep learning software inside an In-Sight industrial-grade smart camera. The self-contained system is designed to solve a broad range of complex in-line inspection applications including optical character recognition (OCR), assembly verification, and defect detection.
  • In February 2020, Basler launhced its new AI Vision Solution Kit with Cloud Connection. It extends embedded vision development kits with software components that enable flexible access to cloud services. The AI Vision Solution Kit enables developers to use, train and deploy machine learning models provided in the cloud on the edge device. For this purpose, pre-trained neural networks are made available in the cloud as software containers that are designed for direct use. Users also have the option of expanding these networks
  • In November 2019, National Instruments announced new solutions for hardware-in-the-loop (HIL) validation of electric vehicle (EV) powertrain components. High-performance EV HIL systems require coordination from multiple vendors. NI works with companies like OPAL-RT, with its advanced eHS electrical solver and electric machine library, to help ensure seamless high-fidelity model integration. Seamless integration of OPAL-RT models with the test system can help reduce test development times while increasing result resolution, helping customers achieve shorter design cycles and gain better insights from test data.
  • In October 2019, Cognex Corporation announced the acquisition of SUALAB, a leading Korean-based developer of vision software using deep learning for industrial applications. The addition of SUALAB’s engineering team and intellectual property will help to enhance Cognex’s existing deep learning capabilities based on technology acquired from ViDi Systems in April of 2017.
  • In July 2019, Basler expanded its 3D Camera Portfolio with Basler blaze. With Sony DepthSens ToF technology, the Basler blaze with GigE interface and VGA resolution is particularly suitable for measuring the position, location, and volume of objects and for detecting obstacles. It can be used in a variety of industrial environments.
  • In February 2019, Omron launched the FHV7-series smart camera for machine vision applications. The FHV7-series smart camera features a multi-color light, an autofocus lens, and a range of CMOS image sensors to serve inspection of varied products on single production lines. The camera also features a dual-core CPU and high-speed image compression algorithm that enables the saving of image data while inspecting a second image in parallel.

Key questions addressed by the report

  • Which are the major applications of the machine vision market? How big is the opportunity for their growth in the developing economies in the next five years?
  • Which are the major companies in the machine vision market? What are their major strategies to strengthen their market presence?
  • Which are the leading countries in the machine vision market? What would be the share of North America and APAC in this market for the next five years?
  • Where will all these developments in the machine vision market take the industry in the mid to long term?
  • What are the future applications for machine vision?
  • How will COVID-19 impact on the penetration of machine vision technologies, segment wise (by end-use application and region)?

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 39)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                 FIGURE 1 MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 43)
    2.1 RESEARCH DATA
        FIGURE 2 MACHINE VISION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
                    2.1.1.1 Key industry insights
           2.1.2 SECONDARY DATA
                    2.1.2.1 Major secondary sources
                    2.1.2.2 Key data from secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Breakdown of primaries
                    2.1.3.3 Key data from primary sources
    2.2 MARKET SIZE ESTIMATION
        FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: REVENUE OF MARKET PLAYERS
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for capturing market share by bottom-up analysis (demand side)
                            FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market share by top-down analysis (supply side)
                            FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 6 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
        FIGURE 7 ASSUMPTIONS FOR RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 53)
  FIGURE 8 CAMERAS SEGMENT OF MACHINE VISION HARDWARE MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
  FIGURE 9 QUALITY ASSURANCE & INSPECTION APPLICATION SEGMENT TO HOLD LARGEST SIZE OF MACHINE VISION MARKET FROM 2020 TO 2025
  FIGURE 10 FOOD & PACKAGING END-USER INDUSTRY SEGMENT OF MACHINE VISION MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
  FIGURE 11 APAC ACCOUNTED FOR LARGEST SHARE OF MACHINE VISION MARKET IN 2019

4 PREMIUM INSIGHTS (Page No. - 57)
    4.1 MACHINE VISION MARKET, 2020–2025 (USD BILLION)
        FIGURE 12 INCREASING DEMAND FOR MACHINE VISION SYSTEMS AND SOLUTIONS FROM FOOD & PACKAGING INDUSTRY TO DRIVE GROWTH OF MACHINE VISION MARKET
    4.2 MACHINE VISION MARKET, BY PRODUCT
        FIGURE 13 SMART CAMERA-BASED SEGMENT OF MACHINE VISION MARKET TO GROW AT HIGHER CAGR THAN PC-BASED SEGMENT FROM 2020 TO 2025
    4.3 MACHINE VISION MARKET, BY APPLICATION
        FIGURE 14 PREDICTIVE MAINTENANCE SEGMENT OF MACHINE VISION MARKET PROJECTED TO GROW AT HIGHEST CAGR FROM 2020 TO 2025
    4.4 MACHINE VISION MARKET IN APAC, BY END-USER INDUSTRY AND COUNTRY
        FIGURE 15 AUTOMOTIVE SEGMENT AND CHINA ACCOUNTED FOR THE LARGEST SHARES OF APAC MACHINE VISION MARKET IN 2019
    4.5 MACHINE VISION MARKET, BY REGION
        FIGURE 16 APAC HELD LARGEST SHARE OF MACHINE VISION MARKET IN 2019

5 COVID-19 IMPACT ON MACHINE VISION MARKET (Page No. - 60)
  FIGURE 17 MACHINE VISION MARKET, PRE-COVID-19 VS POST-COVID-19 IMPACT
    5.1 PRE-COVID-19 SCENARIO
    5.2 POST-COVID-19
    5.3 INDUSTRIAL IMPACT
    5.4 REGIONAL IMPACT

6 MARKET OVERVIEW (Page No. - 63)
    6.1 INTRODUCTION
    6.2 MARKET DYNAMICS
        FIGURE 18 INCREASING MANUFACTURING OF HYBRID AND ELECTRIC CARS TO DRIVE THE GROWTH OF THE MACHINE VISION MARKET
           6.2.1 DRIVERS
                 FIGURE 19 MACHINE VISION MARKET: DRIVERS AND THEIR IMPACT
                    6.2.1.1 Increasing need for quality inspection and automation
                    6.2.1.2 Growing demand for vision-guided robotics systems
                            FIGURE 20 GROWTH OF INDUSTRIAL ROBOTICS, IN TERMS OF SHIPMENT, BETWEEN 2012 AND 2018
                    6.2.1.3 Increasing adoption of 3D machine vision systems
                    6.2.1.4 Rising need for ASICs
                    6.2.1.5 Growing need for inspection in food and packaging industries
           6.2.2 RESTRAINTS
                 FIGURE 21 MACHINE VISION MARKET RESTRAINTS AND THEIR IMPACT
                    6.2.2.1 Varying end-user requirements
                    6.2.2.2 Lack of flexible machine vision solutions
                    6.2.2.3 Lack of skilled professionals in manufacturing factories
                            FIGURE 22 UNDERQUALIFIED WORKERS IN VARIOUS COUNTRIES, IN 2019
           6.2.3 OPPORTUNITIES
                 FIGURE 23 MACHINE VISION MARKET OPPORTUNITIES AND THEIR IMPACT
                    6.2.3.1 Increasing manufacturing of hybrid and electric cars
                            FIGURE 24 INCREASING DEMAND FOR HYBRID AND ELECTRIC VEHICLES BETWEEN 2020 AND 2040
                    6.2.3.2 Government initiatives to support industrial automation
                    6.2.3.3 Increasing demand for artificial intelligence (AI) in machine vision
                    6.2.3.4 Government initiatives to boost AI-related technologies
                    6.2.3.5 Growing adoption of Industry 4.0
                    6.2.3.6 Need for miniaturization of cameras and processors
                    6.2.3.7 Increasing wages leading to opportunities in vision-guided industrial robots and other automation technologies in China
                            FIGURE 25 AVERAGE YEARLY WAGES IN THE MANUFACTURING SECTOR IN CHINA
           6.2.4 CHALLENGES
                 FIGURE 26 MACHINE VISION MARKET CHALLENGES AND THEIR IMPACT
                    6.2.4.1 Complexity in integrating machine vision systems
                    6.2.4.2 Lack of user awareness about rapidly changing machine vision technology

7 MACHINE VISION MARKET, BY DEPLOYMENT (Page No. - 77)
    7.1 INTRODUCTION
        FIGURE 27 GENERAL MACHINE VISION SYSTEM TO HOLD THE MAJOR MARKET SHARE DURING THE FORECAST PERIOD
        TABLE 1 PRE-COVID-19: MACHINE VISION MARKET, BY DEPLOYMENT, 2017–2025 (USD MILLION)
        TABLE 2 POST-COVID-19: MACHINE VISION MARKET, BY DEPLOYMENT, 2017–2025 (USD MILLION)
    7.2 GENERAL MACHINE VISION SYSTEM
           7.2.1 MACHINE VISION SYSTEM AUTOMATICALLY TAKES PICTURES TO INSPECT MATERIALS AS THEY COME DOWN THE ASSEMBLY LINE
    7.3 ROBOTIC CELL
           7.3.1 ROBOTIC CELL IS GROWING AT A HIGHER RATE DUE TO THE ADVENT OF LOW-COST SMART CAMERAS AND PATTERN-MATCHING SOFTWARE
                 TABLE 3 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY DEPLOYMENT, 2017–2019 (USD MILLION)
                 TABLE 4 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY DEPLOYMENT, 2020–2025 (USD MILLION)
                 TABLE 5 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY DEPLOYMENT, 2017–2019 (USD MILLION)
                 TABLE 6 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY DEPLOYMENT, 2020–2025 (USD MILLION)
                 TABLE 7 MACHINE VISION MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY DEPLOYMENT, 2017–2019 (USD MILLION)
                 TABLE 8 MACHINE VISION MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY DEPLOYMENT, 2020–2025 (USD MILLION)
                 TABLE 9 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY DEPLOYMENT, 2017–2019 (USD MILLION)
                 TABLE 10 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY DEPLOYMENT, 2020–2025 (USD MILLION)
                 TABLE 11 MACHINE VISION MARKET FOR METALS INDUSTRY, BY DEPLOYMENT, 2017–2019 (USD MILLION)
                 TABLE 12 MACHINE VISION MARKET FOR METALS INDUSTRY, BY DEPLOYMENT, 2020–2025 (USD MILLION)
                 TABLE 13 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY DEPLOYMENT, 2017–2019 (USD MILLION)
                 TABLE 14 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY DEPLOYMENT, 2020–2025 (USD MILLION)
                 TABLE 15 MACHINE VISION MARKET FOOD AND PACKAGING INDUSTRY, BY DEPLOYMENT, 2017–2019 (USD MILLION)
                 TABLE 16 MACHINE VISION MARKET FOOD AND PACKAGING INDUSTRY, BY DEPLOYMENT, 2019–2025 (USD MILLION)
                 TABLE 17 MACHINE VISION MARKET FOR RUBBER & PLASTICS INDUSTRY, BY DEPLOYMENT, 2017–2019 (USD MILLION)
                 TABLE 18 MACHINE VISION MARKET FOR RUBBER & PLASTICS INDUSTRY, BY DEPLOYMENT, 2020–2025 (USD MILLION)
                 TABLE 19 MACHINE VISION MARKET FOR PHARMACEUTICAL INDUSTRY, BY DEPLOYMENT, 2017–2019 (USD MILLION)
                 TABLE 20 MACHINE VISION MARKET FOR PHARMACEUTICAL INDUSTRY, BY DEPLOYMENT, 2020–2025 (USD MILLION)
                 TABLE 21 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY DEPLOYMENT, 2017–2019 (USD MILLION)
                 TABLE 22 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY DEPLOYMENT, 2020–2025 (USD MILLION)
                 TABLE 23 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY DEPLOYMENT, 2017–2019 (USD MILLION)
                 TABLE 24 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY DEPLOYMENT, 2020–2025 (USD MILLION)
                 TABLE 25 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY DEPLOYMENT, 2017–2019 (USD MILLION)
                 TABLE 26 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY DEPLOYMENT, 2020–2025 (USD MILLION)
                 TABLE 27 MACHINE VISION MARKET FOR TEXTILE INDUSTRY, BY DEPLOYMENT, 2017–2019 (USD MILLION)
                 TABLE 28 MACHINE VISION MARKET FOR TEXTILE INDUSTRY, BY DEPLOYMENT, 2020–2025 (USD MILLION)

8 MACHINE VISION MARKET, BY COMPONENT (Page No. - 87)
    8.1 INTRODUCTION
        FIGURE 28 MACHINE VISION MARKET FOR SOFTWARE COMPONENT EXPECTED TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD
        TABLE 29 PRE-COVID-19: MACHINE VISION MARKET, BY COMPONENT, 2017–2019 (USD MILLION)
        TABLE 30 POST-COVID-19: MACHINE VISION MARKET, BY COMPONENT, 2017–2025 (USD MILLION)
    8.2 HARDWARE
        TABLE 31 MACHINE VISION MARKET, BY HARDWARE, 2017–2019 (USD MILLION)
        TABLE 32 MACHINE VISION MARKET, BY HARDWARE, 2020–2025 (USD MILLION)
        TABLE 33 MACHINE VISION HARDWARE MARKET FOR CAMERAS IN TERMS OF VALUE AND VOLUME, 2017–2019
        TABLE 34 MACHINE VISION HARDWARE MARKET FOR CAMERAS IN TERMS OF VALUE AND VOLUME, 2020–2025
           8.2.1 CAMERAS
                    8.2.1.1 Interface standard
                               8.2.1.1.1 USB 2.0
                               8.2.1.1.2 USB 3.0
                               8.2.1.1.3 Camera link
                               8.2.1.1.4 Camera link HS
                               8.2.1.1.5 GigE
                               8.2.1.1.6 10 GigE & 25 GigE bandwidth over the GigE vision standard
                               8.2.1.1.7 Others (CoaXPress, EMVA-1288, GenICam)
                                         TABLE 35 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY INTERFACE STANDARD, 2017–2019 (USD MILLION)
                                         TABLE 36 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY INTERFACE STANDARD, 2020–2025 (USD MILLION)
                    8.2.1.2 Imaging spectrum
                               8.2.1.2.1 Visible light
                               8.2.1.2.2 Visible + IR/IR
                                         TABLE 37 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY IMAGING SPECTRUM, 2017–2019 (USD MILLION)
                                         TABLE 38 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY IMAGING SPECTRUM, 2020–2025 (USD MILLION)
                    8.2.1.3 By frame rates
                               8.2.1.3.1 <25 fps
                               8.2.1.3.2 25–125 fps
                               8.2.1.3.3 More than 125 fps
                                         TABLE 39 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY FRAME RATES, 2017–2019 (USD MILLION)
                                         TABLE 40 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY FRAME RATES, 2020–2025 (USD MILLION)
                    8.2.1.4 By formats
                               8.2.1.4.1 Line scan
                               8.2.1.4.2 Area scan
                                         TABLE 41 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY FORMATS, 2017–2019 (USD MILLION)
                                         TABLE 42 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY FORMATS, 2020–2025 (USD MILLION)
                    8.2.1.5 By sensors
                               8.2.1.5.1 CMOS
                               8.2.1.5.2 CCD
                                         TABLE 43 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY SENSORS, 2017–2019 (USD MILLION)
                                         TABLE 44 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY SENSORS, 2020–2025 (USD MILLION)
           8.2.2 FRAME GRABBERS
                    8.2.2.1 Frame grabber is a part of the computer vision system wherein video frames are captured in a digital form
           8.2.3 OPTICS
                    8.2.3.1 The camera lens captures images on a photographic film or other media that are capable of storing an image chemically or electronically
           8.2.4 LED LIGHTING
                    8.2.4.1 LED lighting conditions determine the quality of images captured by a camera, the images can be enhanced in such a way that some features can get negated, while others get enriched
           8.2.5 PROCESSORS
                    8.2.5.1 FPGA
                               8.2.5.1.1 An FPGA consists of an array of programmable logic blocks, which can be configured to design desired logic
                    8.2.5.2 DSP
                               8.2.5.2.1 DSPS have a specially designed architecture, which helps in fetching multiple data and instructions at the same time
                    8.2.5.3 Microcontroller and microprocessor
                               8.2.5.3.1 Microcontrollers and microprocessors are specifically designed for real-time applications
                    8.2.5.4 VPU
                               8.2.5.4.1 VPU is a type of AI accelerator to fulfill the growing need for faster processing along with compact sizing for data generation in vision-related applications
                                         TABLE 45 MACHINE VISION HARDWARE MARKET, BY PROCESSORS, 2017–2019 (USD MILLION)
                                         TABLE 46 MACHINE VISION HARDWARE MARKET, BY PROCESSORS, 2020–2025 (USD MILLION)
    8.3 SOFTWARE
        TABLE 47 MACHINE VISION MARKET, BY SOFTWARE, 2017–2019 (USD MILLION)
        TABLE 48 MACHINE VISION MARKET, BY SOFTWARE, 2020–2025 (USD MILLION)
           8.3.1 TRADITIONAL SOFTWARE
                    8.3.1.1 Traditional software provides a framework to develop and deploy machine vision applications
           8.3.2 DEEP LEARNING SOFTWARE
                    8.3.2.1 Deep learning frameworks offer great flexibility to program developers owing to their ability to design and train customized deep neural networks

9 MACHINE VISION MARKET, BY PRODUCT (Page No. - 103)
    9.1 INTRODUCTION
          FIGURE 29 PC-BASED SEGMENT OF MACHINE VISION MARKET TO GROW AT HIGH RATE FROM 2020 TO 2025
          TABLE 49 PRE-COVID-19: MACHINE VISION MARKET, BY PRODUCT, 2017–2025 (USD MILLION)
          TABLE 50 POST-COVID-19: MACHINE VISION MARKET, BY PRODUCT, 2017–2025 (USD MILLION)
    9.2 PC-BASED MACHINE VISION SYSTEM
           9.2.1 PC-BASED MACHINE VISION SYSTEMS HAVE THE ABILITY TO COMPENSATE FOR UNEXPECTED VARIATIONS IN CERTAIN TASKS
                 TABLE 51 PC-BASED MACHINE VISION SYSTEM MARKET, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 52 PC-BASED MACHINE VISION SYSTEM MARKET, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 53 PC-BASED MACHINE VISION SYSTEM MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 54 PC-BASED MACHINE VISION SYSTEM MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                 TABLE 55 PC-BASED MACHINE VISION SYSTEM MARKET, BY END-USER INDUSTRY, 2017–2019 (USD MILLION)
                 TABLE 56 PC-BASED MACHINE VISION SYSTEM MARKET, BY END-USER INDUSTRY, 2020–2025 (USD MILLION)
                 TABLE 57 PC-BASED MACHINE VISION SYSTEM MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 58 PC-BASED MACHINE VISION SYSTEM MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 59 PC-BASED MACHINE VISION SYSTEM MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 60 PC-BASED MACHINE VISION SYSTEM MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 61 PC-BASED MACHINE VISION SYSTEM MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 62 PC-BASED MACHINE VISION SYSTEM MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 63 PC-BASED MACHINE VISION SYSTEM MARKET FOR PRINTING INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 64 PC-BASED MACHINE VISION SYSTEM MARKET FOR PRINTING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 65 PC-BASED MACHINE VISION SYSTEM MARKET FOR METALS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 66 PC-BASED MACHINE VISION SYSTEM MARKET FOR METALS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 67 PC-BASED MACHINE VISION SYSTEM MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 68 PC-BASED MACHINE VISION SYSTEM MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 69 PC-BASED MACHINE VISION SYSTEM MARKET FOR FOOD AND PACKAGING INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 70 PC-BASED MACHINE VISION SYSTEM MARKET FOR FOOD AND PACKAGING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 71 PC-BASED MACHINE VISION SYSTEM MARKET FOR RUBBER AND PLASTICS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 72 PC-BASED MACHINE VISION SYSTEM MARKET FOR RUBBER AND PLASTICS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 73 PC-BASED MACHINE VISION SYSTEM MARKET FOR PHARMACEUTICAL INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 74 PC-BASED MACHINE VISION SYSTEM MARKET FOR PHARMACEUTICAL INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 75 PC-BASED MACHINE VISION SYSTEM MARKET FOR GLASS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 76 PC-BASED MACHINE VISION SYSTEM MARKET FOR GLASS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 77 PC-BASED MACHINE VISION SYSTEM MARKET FOR MACHINERY INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 78 PC-BASED MACHINE VISION SYSTEM MARKET FOR MACHINERY INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 79 PC-BASED MACHINE VISION SYSTEM MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 80 PC-BASED MACHINE VISION SYSTEM MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 81 PC-BASED MACHINE VISION SYSTEM MARKET FOR TEXTILE INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 82 PC-BASED MACHINE VISION SYSTEM MARKET FOR TEXTILE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
    9.3 SMART CAMERA-BASED MACHINE VISION SYSTEM
           9.3.1 SMART CAMERA-BASED VISION SYSTEMS CONSIST OF AN EMBEDDED CONTROLLER WITH AN INTEGRATED VISION SOFTWARE THAT IS DIRECTLY CONNECTED TO ONE OR MORE CAMERAS, WHICH MAY DIFFER IN IMAGE RESOLUTION, SIZE, AND IMAGING RATES
                 FIGURE 30 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET IN APAC TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD
                 TABLE 83 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 84 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 85 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET, BY APPLICATION, 2017–2019 (USD MILLION)
                 TABLE 86 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
                 TABLE 87 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET, BY END-USER INDUSTRY, 2017–2019 (USD MILLION)
                 TABLE 88 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET, BY END-USER INDUSTRY, 2020–2025 (USD MILLION)
                 TABLE 89 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 90 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 91 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 92 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 93 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 94 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 95 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR PRINTING INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 96 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR PRINTING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 97 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR METALS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 98 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR METALS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 99 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 100 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 101 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR FOOD AND PACKAGING INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 102 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR FOOD AND PACKAGING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 103 CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR RUBBER AND PLASTICS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 104 CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR RUBBER AND PLASTICS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 105 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR PHARMACEUTICAL INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 106 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR PHARMACEUTICAL INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 107 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR GLASS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 108 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR GLASS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 109 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR MACHINERY INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 110 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR MACHINERY INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 111 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 112 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                 TABLE 113 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR TEXTILE INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                 TABLE 114 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET FOR TEXTILE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)

10 INDUSTRIAL MACHINE VISION MARKET, BY APPLICATION (Page No. - 130)
     10.1 INTRODUCTION
          FIGURE 31 PREDICTIVE MAINTENANCE EXPECTED TO REGISTER HIGHEST GROWTH RATE BETWEEN 2020 AND 2025
          TABLE 115 PRE-COVID-19: MACHINE VISION MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
          TABLE 116 POST-COVID-19: MACHINE VISION MARKET, BY APPLICATION, 2020–2025 (USD MILLION)
     10.2 QUALITY ASSURANCE & INSPECTION
             10.2.1 MANUFACTURERS USE MACHINE VISION SYSTEMS FOR VISUAL INSPECTIONS THAT REQUIRE HIGH SPEED, HIGH MAGNIFICATION, ROUND-THE-CLOCK OPERATION, AND REPEATABILITY OF MEASUREMENTS
                    TABLE 117 MACHINE VISION MARKET FOR QUALITY ASSURANCE AND INSPECTION APPLICATION, BY PRODUCT, 2017–2019 (USD MILLION)
                    TABLE 118 MACHINE VISION MARKET FOR QUALITY ASSURANCE AND INSPECTION APPLICATION, BY PRODUCT, 2020–2025 (USD MILLION)
     10.3 POSITIONING & GUIDANCE
             10.3.1 POSITIONING TOOLS, CO-ORDINATE LOCATORS, OR PATTERN IDENTIFIERS RECOGNIZE AND DETERMINE THE EXACT POSITION AND ORIENTATION OF PARTS AND OBJECTS
                    TABLE 119 MACHINE VISION MARKET FOR POSITIONING & GUIDANCE APPLICATION, BY PRODUCT, 2017–2019 (USD MILLION)
                    TABLE 120 MACHINE VISION MARKET FOR POSITIONING & GUIDANCE APPLICATION, BY PRODUCT, 2020–2025 (USD MILLION)
     10.4 MEASUREMENT
             10.4.1 MACHINE VISION MEASUREMENT TOOLS COMBINED WITH THE RIGHT OPTICS AND STABLE LIGHTING PROVIDE PRECISION REPEATABILITY TO ENSURE MANUFACTURING ACCURACY
                    TABLE 121 MACHINE VISION MARKET FOR MEASUREMENT APPLICATION, BY PRODUCT, 2017–2019 (USD MILLION)
                    TABLE 122 MACHINE VISION MARKET FOR MEASUREMENT APPLICATION, BY PRODUCT, 2020–2025 (USD MILLION)
     10.5 IDENTIFICATION
             10.5.1 IN IDENTIFICATION, VISION SYSTEMS ARE USED TO READ VARIOUS CODES AND ALPHANUMERIC CHARACTERS, SUCH AS TEXT AND NUMBERS
                    TABLE 123 MACHINE VISION MARKET FOR IDENTIFICATION APPLICATION, BY PRODUCT, 2017–2019 (USD MILLION)
                    TABLE 124 MACHINE VISION MARKET FOR IDENTIFICATION APPLICATION, BY PRODUCT, 2020–2025 (USD MILLION)
     10.6 PREDICTIVE MAINTENANCE
             10.6.1 PREDICTIVE MAINTENANCE CAN BE VERY USEFUL WHEN THERE IS MACHINE DOWNTIME.
                    TABLE 125 MACHINE VISION MARKET FOR PREDICTIVE MAINTENANCE APPLICATION, BY PRODUCT, 2017–2019 (USD MILLION)
                    TABLE 126 MACHINE VISION MARKET FOR PREDICTIVE MAINTENANCE APPLICATION, BY PRODUCT, 2020–2025 (USD MILLION)

11 MACHINE VISION MARKET, BY END-USER INDUSTRY (Page No. - 138)
     11.1 INTRODUCTION
     11.2 COVID-19 IMPACT ON END-USER INDUSTRY
          FIGURE 32 AUTOMOTIVE SEGMENT TO HOLD LARGEST SIZE OF MACHINE VISION MARKET IN 2020
          TABLE 127 PRE-COVID-19: MACHINE VISION MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
          TABLE 128 POST-COVID-19: MACHINE VISION MARKET, BY END-USER INDUSTRY, 2017–2025 (USD MILLION)
     11.3 AUTOMOTIVE
             11.3.1 MACHINE VISION SYSTEMS OFFER HIGH ACCURACY IN CRITICAL ACTIVITIES SUCH AS BIN PICKING AND POSITIONING OF PARTS FOR ASSEMBLY
             11.3.2 IMPACT OF COVID-19
                    TABLE 129 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 130 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 131 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                    TABLE 132 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
     11.4 ELECTRONICS AND SEMICONDUCTOR
             11.4.1 THE MAIN OBJECTIVES OF DEPLOYING MACHINE VISION SYSTEMS ARE TO IMPROVE PRODUCT QUALITY AND INCREASE PRODUCTION VOLUME IN A SHORT PERIOD OF TIME.
             11.4.2 IMPACT OF COVID-19
                    TABLE 133 MACHINE VISION MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 134 MACHINE VISION MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 135 MACHINE VISION MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                    TABLE 136 MACHINE VISION MARKET FOR ELECTRONICS AND SEMICONDUCTOR INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
     11.5 CONSUMER ELECTRONICS
             11.5.1 2D AND 3D MACHINE VISION SYSTEMS ARE EMERGING AS POWERFUL TECHNOLOGIES FOR ELECTRONICS ASSEMBLY APPLICATIONS
             11.5.2 IMPACT OF COVID-19
                    TABLE 137 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 138 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 139 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                    TABLE 140 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY PRODUCT, 2017–2020 (USD MILLION)
     11.6 GLASS
             11.6.1 MODERN MACHINE VISION TECHNOLOGY IMPROVES OPERATIONAL EFFICIENCY, TRACES DEFECTS, REDUCES WASTAGE, AND PROVIDES DETAILED STATISTICAL INFORMATION
                    FIGURE 33 GLASS PRODUCTION IN EUROPE
             11.6.2 IMPACT OF COVID-19
                    TABLE 141 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 142 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 143 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                    TABLE 144 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
     11.7 METALS
             11.7.1 THE MACHINE VISION SYSTEM ENHANCES PRODUCT QUALITY BY 3D INSPECTION AND CAN BE EASILY INCORPORATED INTO EXISTING MANUFACTURING SYSTEMS TO ENHANCE THE QUALITY OF THE OVERALL PRODUCTION PROCESS
             11.7.2 IMPACT OF COVID-19
                    TABLE 145 MACHINE VISION MARKET FOR METALS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 146 MACHINE VISION MARKET FOR METALS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 147 MACHINE VISION MARKET FOR METALS INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                    TABLE 148 MACHINE VISION MARKET FOR METALS INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
     11.8 WOOD & PAPER
             11.8.1 MACHINE VISION SYSTEMS CAN WORK EFFICIENTLY IN DIFFERENT ENVIRONMENTAL CONDITIONS, SUCH AS WOOD DUST, HEAT, SMOKE, WATER, AND CHEMICALS
             11.8.2 IMPACT OF COVID-19
                    TABLE 149 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 150 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 151 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                    TABLE 152 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
     11.9 PHARMACEUTICAL
             11.9.1 MACHINE VISION SYSTEMS ARE USED IN DETECTING DEFECTS TO ENSURE PRODUCT QUALITY
             11.9.2 IMPACT OF COVID-19
                    TABLE 153 MACHINE VISION MARKET FOR PHARMACEUTICAL INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 154 MACHINE VISION MARKET FOR PHARMACEUTICAL INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 155 MACHINE VISION MARKET FOR PHARMACEUTICAL INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                    TABLE 156 MACHINE VISION MARKET FOR PHARMACEUTICAL INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
     11.10 FOOD AND PACKAGING
             11.10.1 FOOD
                        11.10.1.1 The machine vision systems are pre-trained with the required algorithms, which help them understand characteristics such as size, stage of growth, and variety
             11.10.2 PACKAGING
                        11.10.2.1 Machine vision helps in the inspection of packaging processes and reduction of errors by carrying out multiple inspections at a single time
             11.10.3 IMPACT OF COVID-19
                     TABLE 157 MACHINE VISION MARKET FOR FOOD AND PACKAGING INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                     TABLE 158 MACHINE VISION MARKET FOR FOOD AND PACKAGING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                     TABLE 159 MACHINE VISION MARKET FOR FOOD AND PACKAGING INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                     TABLE 160 MACHINE VISION MARKET FOR FOOD AND PACKAGING INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
     11.11 RUBBER AND PLASTICS
             11.11.1 THE MACHINE VISION SYSTEMS ARE DESIGNED TO EXAMINE AND EVALUATE PARTS AND DETERMINE IF THE PARTS ARE GOOD, BAD, OR UNDEFINED
             11.11.2 IMPACT OF COVID-19
                     TABLE 161 MACHINE VISION MARKET FOR RUBBER AND PLASTICS INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                     TABLE 162 MACHINE VISION MARKET FOR RUBBER AND PLASTICS INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                     TABLE 163 MACHINE VISION MARKET FOR RUBBER AND PLASTICS INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                     TABLE 164 MACHINE VISION MARKET FOR RUBBER AND PLASTICS INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
     11.12 PRINTING
             11.12.1 MACHINE VISION SYSTEMS USED IN DIGITAL PRINTING APPLICATIONS CHECK FOR READABLE TEXTS AND THE CORRECT NUMBER OF COLLATED PAGES BASED ON INDIVIDUAL RECIPIENTS AS WELL AS TO ENSURE THAT   THE RIGHT PAGES ARE USED IN THE RIGHT ENVELOPES
             11.12.2 IMPACT OF COVID-19
                     TABLE 165 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                     TABLE 166 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                     TABLE 167 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                     TABLE 168 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
     11.13 MACHINERY
             11.13.1 MACHINE VISION SYSTEMS HELP IN COMPLETING PROCESSES MUCH FASTER AND ALSO HELP IN DETECTING DEFECTS AND VALIDATING QUALITY
                     TABLE 169 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                     TABLE 170 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                     TABLE 171 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                     TABLE 172 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
     11.14 SOLAR PANEL MANUFACTURING
             11.14.1 INDUSTRIAL MACHINE VISION-BASED INSPECTION IS AN IMPORTANT TOOL FOR INSPECTING THE QUALITY OF SOLAR PANELS
             11.14.2 IMPACT OF COVID-19
                     TABLE 173 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                     TABLE 174 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                     TABLE 175 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                     TABLE 176 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)
     11.15 TEXTILE
             11.15.1 MACHINE VISION SYSTEMS HELP MANUFACTURERS PRODUCE HIGH-QUALITY TEXTILES WHILE MINIMIZING THE COSTS AND MAXIMIZING THE PROFITS
             11.15.2 IMPACT OF COVID-19
                     TABLE 177 MACHINE VISION MARKET FOR TEXTILE INDUSTRY, BY REGION, 2017–2019 (USD MILLION)
                     TABLE 178 MACHINE VISION MARKET FOR TEXTILE INDUSTRY, BY REGION, 2020–2025 (USD MILLION)
                     TABLE 179 MACHINE VISION MARKET FOR TEXTILE INDUSTRY, BY PRODUCT, 2017–2019 (USD MILLION)
                     TABLE 180 MACHINE VISION MARKET FOR TEXTILE INDUSTRY, BY PRODUCT, 2020–2025 (USD MILLION)

12 GEOGRAPHIC ANALYSIS (Page No. - 168)
     12.1 INTRODUCTION
     12.2 IMPACT OF COVID-19
          FIGURE 34 GEOGRAPHIC SNAPSHOT OF MACHINE VISION MARKET FROM 2020 TO 2025
          TABLE 181 PRE-COVID-19: MACHINE VISION MARKET, BY REGION, 2017–2025 (USD MILLION)
          TABLE 182 POST-COVID-19: MACHINE VISION MARKET, BY REGION, 2020–2025 (USD MILLION)
     12.3 NORTH AMERICA
             12.3.1 IMPACT OF COVID-19
                    FIGURE 35 NORTH AMERICA: MACHINE VISION MARKET SNAPSHOT
                    TABLE 183 MACHINE VISION MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
                    TABLE 184 MACHINE VISION MARKET IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 185 MACHINE VISION MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2019 (USD MILLION)
                    TABLE 186 MACHINE VISION MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2020–2025 (USD MILLION)
             12.3.2 US
                        12.3.2.1 The US offers an ideal environment for innovation, which has facilitated massive advancements in machine vision technologies and standards
                        12.3.2.2 Impact of COVID-19
             12.3.3 CANADA
                        12.3.3.1 Canada is one of the leading contributors to the development of machine vision technologies
                        12.3.3.2 Impact of COVID-19
             12.3.4 MEXICO
                        12.3.4.1 Mexico is evolving as a major industrial hub in North America
     12.4 EUROPE
             12.4.1 IMPACT OF COVID-19
                    FIGURE 36 EUROPE: MACHINE VISION MARKET SNAPSHOT
                    TABLE 187 MACHINE VISION MARKET IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
                    TABLE 188 MACHINE VISION MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 189 MACHINE VISION MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2019 (USD MILLION)
                    TABLE 190 MACHINE VISION MARKET IN EUROPE, BY END-USER INDUSTRY, 2020–2025 (USD MILLION)
             12.4.2 GERMANY
                        12.4.2.1 Increasing demand for robots in the automotive and electronics industries is driving the growth of the market for camera-based machine vision systems in Germany
                        12.4.2.2 Impact of COVID-19
             12.4.3 UK
                        12.4.3.1 Manufacturers based in the UK are progressively considering machine vision systems to improve their product quality and minimize waste
                        12.4.3.2 Impact of COVID-19
             12.4.4 FRANCE
                        12.4.4.1 France focuses heavily on its aerospace & defense industry
                        12.4.4.2 Impact of COVID-19
             12.4.5 ITALY
                        12.4.5.1 The market for electric vehicles in Italy is emerging
                        12.4.5.2 Impact of COVID-19
             12.4.6 SPAIN
                        12.4.6.1 The growth of the market in Spain is driven by industries such as consumer electronics and Pharmaceutical
             12.4.7 REST OF EUROPE (ROE)
     12.5 ASIA PACIFIC (APAC)
             12.5.1 IMPACT OF COVID-19
                    FIGURE 37 APAC: MACHINE VISION MARKET SNAPSHOT
                    TABLE 191 MACHINE VISION MARKET IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
                    TABLE 192 MACHINE VISION MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
                    TABLE 193 MACHINE VISION MARKET IN APAC, BY END-USER INDUSTRY, 2017–2019 (USD MILLION)
                    TABLE 194 MACHINE VISION MARKET IN APAC, BY END-USER INDUSTRY, 2020–2025 (USD MILLION)
             12.5.2 CHINA
                        12.5.2.1 China is known to have a robust export industry, which manufactures products for the global market, including the developed countries in North America and Europe
                        12.5.2.2 Impact of Covid-19
             12.5.3 JAPAN
                        12.5.3.1 Manufacturers in Japan have been early adopters of machine vision systems as they consider this technology to be a quality-enhancing element in their manufacturing processes
             12.5.4 SOUTH KOREA
                        12.5.4.1 South Korea is among the leading manufacturers of robots in the world
             12.5.5 INDIA
                        12.5.5.1 The manufacturing sector in India is expected to grow further in the near future, which will require automated quality check mechanisms
             12.5.6 REST OF APAC
     12.6 REST OF THE WORLD (ROW)
             12.6.1 IMPACT OF COVID-19
                    FIGURE 38 ROW: MACHINE VISION MARKET SNAPSHOT
                    TABLE 195 MACHINE VISION MARKET IN ROW, BY REGION, 2017–2019 (USD MILLION)
                    TABLE 196 MACHINE VISION MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 197 MACHINE VISION MARKET IN ROW, BY END-USER INDUSTRY, 2017–2019 (USD MILLION)
                    TABLE 198 MACHINE VISION MARKET IN ROW, BY END-USER INDUSTRY, 2020–2025 (USD MILLION)
             12.6.2 SOUTH AMERICA
                        12.6.2.1 South America has significant potential to use machine vision systems
             12.6.3 MIDDLE EAST
                        12.6.3.1 The increase in manufacturing activities in Israel, the middle east, and North Africa is a key growth driver for this market
             12.6.4 AFRICA
                        12.6.4.1 Increasing production in food & beverage, automotive and pharmaceutical industries is key driver of growth of machine vision market

13 COMPETITIVE LANDSCAPE (Page No. - 191)
     13.1 OVERVIEW
          FIGURE 39 ORGANIC AND INORGANIC STRATEGIES ADOPTED BY COMPANIES OPERATING IN MACHINE VISION MARKET
     13.2 MARKET RANK ANALYSIS
          FIGURE 40 MAJOR MACHINE VISION PROVIDERS
     13.3 COMPETITIVE SITUATIONS AND TRENDS
             13.3.1 PRODUCT LAUNCHES
                    TABLE 199 PRODUCT LAUNCHES (JANUARY 2019-MAY 2020)
                    TABLE 200 MERGERS & ACQUISITIONS (JANUARY 2017- MAY 2020)
             13.3.2 OTHERS
                    TABLE 201 AGREEMENTS (2018- MAY 2020)
     13.4 COMPETITIVE LEADERSHIP MAPPING
             13.4.1 VISIONARY LEADERS
             13.4.2 DYNAMIC DIFFERENTIATORS
             13.4.3 INNOVATORS
             13.4.4 EMERGING COMPANIES
                    FIGURE 41 MACHINE VISION MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019
     13.5 STRENGTH OF PRODUCT PORTFOLIO
          FIGURE 42 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN MACHINE VISION MARKET
     13.6 BUSINESS STRATEGY EXCELLENCE (FOR ALL 25 PLAYERS)
          FIGURE 43 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN MACHINE VISION MARKET

14 COMPANY PROFILE (Page No. - 203)
     14.1 KEY PLAYERS
(Business overview, Products offered, Recent developments, SWOT analysis, MNM view)*
             14.1.1 COGNEX CORPORATION
                    FIGURE 44 COGNEX CORPORATION: COMPANY SNAPSHOT
             14.1.2 BASLER AG
                    FIGURE 45 BASLER AG: COMPANY SNAPSHOT
             14.1.3 OMRON CORPORATION
                    FIGURE 46 OMRON CORPORATION: COMPANY SNAPSHOT
             14.1.4 KEYENCE CORPORATION
                    FIGURE 47 KEYENCE: COMPANY SNAPSHOT
             14.1.5 NATIONAL INSTRUMENTS
                    FIGURE 48 NATIONAL INSTRUMENTS: COMPANY SNAPSHOT
             14.1.6 SONY CORPORATION
                    FIGURE 49 SONY CORPORATION: COMPANY SNAPSHOT
             14.1.7 TELEDYNE TECHNOLOGIES
                    FIGURE 50 TELEDYNE TECHNOLOGIES: COMPANY SNAPSHOT
             14.1.8 TEXAS INSTRUMENTS
                    FIGURE 51 TEXAS INSTRUMENTS: COMPANY SNAPSHOT
             14.1.9 INTEL CORPORATION
                    FIGURE 52 INTEL CORPORATION: COMPANY SNAPSHOT
             14.1.10 ISRA VISION AG
                     FIGURE 53 ISRA VISION AG: COMPANY SNAPSHOT
             14.1.11 SICK AG
                     FIGURE 54 SICK AG: COMPANY SNAPSHOT
             14.1.12 FLIR SYSTEMS
                     FIGURE 55 FLIR SYSTEMS: COMPANY SNAPSHOT
             14.1.13 MICROSOFT
                     FIGURE 56 MICROSOFT: COMPANY SNAPSHOT
             14.1.14 TKH GROUP
                     FIGURE 57 TKH GROUP: COMPANY SNAPSHOT
*Business overview, Products offered, Recent developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
     14.2 RIGHT-TO-WIN
     14.3 STARTUP ECOSYSTEM
             14.3.1 AMETEK INC.
             14.3.2 QUALITAS TECHNOLOGIES
             14.3.3 BAUMER OPTRONIC
             14.3.4 ALGOLUX
             14.3.5 TORDIVEL AS
             14.3.6 INUITIVE
             14.3.7 MVTEC SOFTWARE GMBH
             14.3.8 JAI A/S
             14.3.9 INDUSTRIAL VISION SYSTEMS LTD.

15 ADJACENT & RELATED MARKET SECTION (Page No. - 255)
     15.1 INTRODUCTION
          TABLE 202 ADJACENT MARKET ANALYSIS
     15.2 INDUSTRIAL CONTROL FACTORY AUTOMATION MARKET
          TABLE 203 INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET, BY COMPONENT, 2017–2025 (USD BILLION)
          TABLE 204 INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET FOR COMPONENT, BY PROCESS INDUSTRY, 2017–2025 (USD BILLION)
          TABLE 205 INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET FOR COMPONENT, BY DISCRETE INDUSTRY, 2017–2025 (USD BILLION)
          TABLE 206 INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET FOR INDUSTRIAL ROBOTS, BY PROCESS INDUSTRY, 2017–2025 (USD MILLION)
          TABLE 207 INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET FOR INDUSTRIAL ROBOTS, BY DISCRETE INDUSTRY, 2017–2025 (USD MILLION)
          TABLE 208 INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET FOR INDUSTRIAL ROBOTS, BY REGION, 2017–2025 (USD BILLION)
          TABLE 209 INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET FOR MACHINE VISION, BY PROCESS INDUSTRY, 2017–2025 (USD MILLION)
          TABLE 210 INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET FOR MACHINE VISION, BY DISCRETE INDUSTRY, 2017–2025 (USD MILLION)
          TABLE 211 INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET FOR MACHINE VISION, BY REGION, 2017–2025 (USD MILLION)
          TABLE 212 INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET FOR CONTROL VALVES, BY PROCESS INDUSTRY, 2017–2025 (USD MILLION)
          TABLE 213 INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET FOR CONTROL VALVES, BY REGION, 2017–2025 (USD MILLION)
          TABLE 214 INDUSTRIAL CONTROL AND FACTORY AUTOMATION MARKET, BY REGION, 2017–2025 (USD BILLION)
     15.3 SMART MANUFACTURING
          FIGURE 58 SMART MANUFACTURING MARKET ECOSYSTEM
          TABLE 215 PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET, BY ENABLING TECHNOLOGY, 2017–2025 (USD BILLION)
          TABLE 216 PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET, BY COLLABORATIVE ROBOT, 2017–2025 (USD BILLION)
          FIGURE 59 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET FOR DIGITAL TWIN
          TABLE 217 PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET, BY DIGITAL TWIN, 2017–2025 (USD BILLION)
          FIGURE 60 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET FOR INDUSTRIAL 3D PRINTING
          TABLE 218 PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET, BY INDUSTRIAL 3D PRINTING, 2017–2025 (USD BILLION)
          FIGURE 61 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET FOR MACHINE CONDITION MONITORING
          TABLE 219 PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET, BY MACHINE CONDITION MONITORING, 2017–2025 (USD BILLION)
          FIGURE 62 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET FOR OTHER ENABLING TECHNOLOGIES
          TABLE 220 PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET, BY OTHER ENABLING TECHNOLOGY, 2017–2025 (USD BILLION)
          FIGURE 63 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET FOR INFORMATION TECHNOLOGIES
          TABLE 221 PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY, 2017–2025 (USD BILLION)
          FIGURE 64 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET FOR MANUFACTURING EXECUTION SYSTEM
          TABLE 222 PRE- AND POST-COVID-19 ANALYSIS OF SMART MANUFACTURING MARKET, BY MANUFACTURING EXECUTION SYSTEM, 2017–2025 (USD BILLION)
          FIGURE 65 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET FOR PLANT ASSET MANAGEMENT
          TABLE 223 PRE- AND POST-COVID-19 ANALYSIS OF SMART MANUFACTURING MARKET, BY PLANT ASSET MANAGEMENT, 2017–2025 (USD BILLION)
          TABLE 224 SMART MANUFACTURING MARKET, BY REGION, 2017–2025 (USD BILLION)
          FIGURE 66 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET IN NORTH AMERICA
          TABLE 225 PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET IN NORTH AMERICA, 2017–2025 (USD BILLION)
          FIGURE 67 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET IN EUROPE
          TABLE 226 PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET IN EUROPE, 2017–2025 (USD BILLION)
          FIGURE 68 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET IN APAC
          TABLE 227 PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET IN APAC, 2017–2025 (USD BILLION)
          FIGURE 69 IMPACT OF COVID-19 ON SMART MANUFACTURING MARKET IN ROW
          TABLE 228 PRE- AND POST-COVID-19 ANALYSIS FOR SMART MANUFACTURING MARKET IN ROW, 2017–2025 (USD BILLION)
     15.4 INDUSTRIAL ROBOTICS MARKET
          FIGURE 70 TRADITIONAL INDUSTRIAL ROBOTS MARKET TO DECLINE CONSIDERABLY DURING 2019–2020 OWING TO COVID-19 PANDEMIC
          FIGURE 71 ROBOTICS ECOSYSTEM
          TABLE 229 ARTICULATED ROBOTS MARKET, BY PRE- AND POST-COVID-19 SCENARIO, 2018–2025 (USD BILLION)
          FIGURE 72 PRE- AND POST-COVID-19 ESTIMATES FOR ARTICULATED ROBOTS MARKET
          TABLE 230 SCARA ROBOTS MARKET, BY PRE- AND POST-COVID-19 SCENARIO, 2018–2025 (USD BILLION)
          FIGURE 73 PRE- AND POST-COVID-19 ESTIMATES FOR SCARA ROBOTS MARKET
          FIGURE 74 PRE- AND POST-COVID-19 ESTIMATES FOR PARALLEL ROBOTS MARKET
          TABLE 231 PARALLEL ROBOTS MARKET, BY PRE- AND POST-COVID-19 SCENARIO, 2018–2025 (USD BILLION)
          FIGURE 75 PRE- AND POST-COVID-19 ESTIMATES FOR CARTESIAN ROBOTS MARKET
          TABLE 232 CARTESIAN ROBOTS MARKET, BY PRE- AND POST-COVID-19 SCENARIO, 2018–2025 (USD BILLION)
          FIGURE 76 IMPACT OF COVID-19 ON TRADITIONAL INDUSTRIAL ROBOTS MARKET FOR CHEMICALS, RUBBER, AND PLASTICS INDUSTRY
          FIGURE 77 IMPACT OF COVID-19 ON GLOBAL TRADITIONAL INDUSTRIAL ROBOTS MARKET
          TABLE 233 GLOBAL TRADITIONAL INDUSTRIAL ROBOTS MARKET, BY PRE- AND POST-COVID-19 SCENARIO, 2018–2025 (USD BILLION)
          FIGURE 78 IMPACT OF COVID-19 ON TRADITIONAL INDUSTRIAL ROBOTS MARKET IN NORTH AMERICA
          TABLE 234 TRADITIONAL INDUSTRIAL ROBOTS MARKET IN NORTH AMERICA, BY PRE- AND POST-COVID-19 SCENARIO, 2018–2025 (USD BILLION)
          FIGURE 79 IMPACT OF COVID-19 ON TRADITIONAL INDUSTRIAL ROBOTS MARKET IN EUROPE
          TABLE 235 TRADITIONAL INDUSTRIAL ROBOTS MARKET IN EUROPE, BY PRE- AND POST-COVID-19 SCENARIO, 2018–2025 (USD BILLION)
          FIGURE 80 IMPACT OF COVID-19 ON TRADITIONAL INDUSTRIAL ROBOTS MARKET IN APAC
          TABLE 236 TRADITIONAL INDUSTRIAL ROBOTS MARKET IN APAC, BY PRE- AND POST-COVID-19 SCENARIO, 2018–2025 (USD BILLION)
          FIGURE 81 IMPACT OF COVID-19 ON TRADITIONAL INDUSTRIAL ROBOTS MARKET IN ROW
          TABLE 237 TRADITIONAL INDUSTRIAL ROBOTS MARKET IN ROW, BY PRE- AND POST-COVID-19 SCENARIO, 2018–2025 (USD MILLION)

16 APPENDIX (Page No. - 278)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 AVAILABLE CUSTOMIZATIONS
     16.4 RELATED REPORT
     16.5 AUTHOR DETAILS

The study involved the estimation of the current size of the Machine Vision Market. Exhaustive secondary research was conducted to collect information about the market, the peer market, and the parent market, the impact of COVID-19 outbreak in the said market. This was followed by the validation of these findings, assumptions, and sizing with industry experts identified across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. It was followed by market breakdown and data triangulation procedures which were used to estimate the market size of segments and sub-segments.

Secondary Research

The research methodology used to estimate and forecast the machine vision market begins with capturing data on revenues of the key vendors in the market through secondary research. This study involves the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the technical and commercial study of the machine vision market. Each Industry wise COVID-19 impact was estimated from various secondary sources. Moreover, secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. Secondary research has been mainly done to obtain key information about the industry’s supply chain, the total pool of key players, market classification and segmentation according to industry trends, geographic markets, and key developments from both market and technology oriented perspectives.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain the qualitative and quantitative information relevant to the machine vision market. Primary sources from the supply side include experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, service providers, and related executives from various key companies and organizations operating in the ecosystem of the machine vision market.

Machine Vision Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the overall size of the machine vision market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes the following:

  • Key players in significant applications and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define, analyze, and forecast the machine vision market, in terms of value based on deployment, component, product, application, end-user industry and region
  • To forecast the market size, in terms of value for various segments with regard to 4 main regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding major factors such as drivers, restraints, opportunities, and challenges influencing the growth of the machine vision market, globally
  • To analyze micro markets with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the machine vision market
  • To profile key players and comprehensively analyze their market position in terms of their ranking and core competencies
  • To provide a detailed competitive landscape for the market leaders
  • To analyze competitive developments such as product launches, acquisitions, partnerships, and agreements in the machine vision market
  • To analyze the market penetration of the machine vision market through secondary and primary research, for both pre- and post-COVID-19 scenarios

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Machine Vision Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Machine Vision Market

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