Machine Vision Market

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

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

[183 Pages Report] The global machine vision market size is expected to grow from USD 10.7 billion in 2020 to USD 14.7 billion by 2025, at a CAGR of 6.5% during the forecast period. The major driving factors in the market is the increasing need for quality inspection and automation, growing demand for vision-guided robotic systems, increasing adoption of vision-guided robotic systems, and many more. 

Industrial Machine Vision Market

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

Smart Camera-based machine vision 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 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 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 market in the future.

Industrial Machine Vision Market

APAC held the largest market share in the 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.

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 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 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 , by Application:

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

Machine Vision , 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 , 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

Key questions addressed by the report

  • Which are the major applications of the 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 market? What are their major strategies to strengthen their market presence?
  • Which are the leading countries in the 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 market take the industry in the mid to long term?
  • What are the future applications for machine vision?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Introduction
           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
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Approach for Capturing Market Share By Bottom-Up Analysis (Demand Side)
           2.2.2 Top-Down Approach
                    2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 37)
    4.1 Machine Vision Market, 2017–2025 (USD Million)
    4.2 Market, By Product
    4.3 Market in APAC, By End-Use Industry  and Country
    4.4 Market, By Region
    4.5 Market, By Application

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Need for Quality Inspection and Automation
                    5.2.1.2 Growing Demand for Vision-Guided Robotic Systems
                    5.2.1.3 Increasing Adoption of 3D Machine Vision Systems
                    5.2.1.4 Increase in Manufacturing of Hybrid and Electric Cars
           5.2.2 Restraints
                    5.2.2.1 Varying End-User Requirements
                    5.2.2.2 Lack of Flexible Machine Vision Solutions
           5.2.3 Opportunities
                    5.2.3.1 Government Initiatives to Support Industrial Automation
                    5.2.3.2 Increasing Demand for AI in Machine Vision
                               5.2.3.2.1 Government Initiatives to Boost Ai-Related Technologies
                    5.2.3.3 Growing Adoption of Industry 4.0
                    5.2.3.4 Need for Miniaturization of Cameras and Processors
                    5.2.3.5 Rising Need for Asics
           5.2.4 Challenges
                    5.2.4.1 Complexity in Integrating Machine Vision Systems
                    5.2.4.2 Lack of User Awareness About Rapidly Changing Machine Vision Technology
    5.3 Value Chain Analysis
           5.3.1 R&D
           5.3.2 Machine Vision Component Manufacturers
           5.3.3 Original Equipment Manufacturers (OEMs)
           5.3.4 System Integrators
           5.3.5 Resellers and Distributors
           5.3.6 End Users

6 Machine Vision , By Component (Page No. - 50)
    6.1 Introduction
    6.2 Hardware
           6.2.1 Cameras
                    6.2.1.1 Interface Standards
                    6.2.1.2 USB 2.0/USB 3.0
                    6.2.1.3 Camera Link
                    6.2.1.4 Gige
                    6.2.1.5 Coaxpress
                    6.2.1.6 Others (Emva-1288, Firewire, Genicam)
                    6.2.1.7 By Frame Rate
                               6.2.1.7.1 <25 FPS
                               6.2.1.7.2 25–125 FPS
                               6.2.1.7.3 More Than 125 FPS
                    6.2.1.8 By Format
                               6.2.1.8.1 Line Scan
                               6.2.1.8.2 Area Scan
                    6.2.1.9 By Sensor Type
                               6.2.1.9.1 Cmos
                               6.2.1.9.2 CCD
           6.2.2 Frame Grabbers
                    6.2.2.1 Frame Grabber is A Part of the Computer Vision System Wherein Video Frames are Captured in A Digital Form.
           6.2.3 Optics
                    6.2.3.1 The Camera Lens Captures Images on A Photographic Film Or Other Media That are Capable of Storing an Image Chemically Or Electronically.
           6.2.4 LED Lighting
                    6.2.4.1 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.
           6.2.5 Processors
                    6.2.5.1 FPGA
                               6.2.5.1.1 An FPGA Consists of an Array of Programmable Logic Blocks, Which Can Be Configured to Design Desired Logic.
                    6.2.5.2 DSP
                               6.2.5.2.1 DSPS have A Specially Designed Architecture, Which Helps in Fetching Multiple Data and Instructions at the Same Time
                    6.2.5.3 Microcontrollers and Microprocessors
                               6.2.5.3.1 Microcontrollers and Microprocessors are Specifically Designed for Real-Time Applications.
                    6.2.5.4 VPU
                               6.2.5.4.1 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.
    6.3 Software
           6.3.1 Traditional Software
                    6.3.1.1 Traditional Software Provides A Framework to Develop and Deploy Machine Vision Applications
           6.3.2 Deep Learning Software
                    6.3.2.1 Deep Learning Frameworks Offer Great Flexibility to Program Developers Owing to Their Ability to Design and Train Customized Deep Neural Networks

7 Machine Vision , By Product (Page No. - 65)
    7.1 Introduction
    7.2 PC-Based Machine Vision Systems
           7.2.1 PC-Based Machine Vision Systems have the Ability to Compensate for Unexpected Variations in Certain Tasks.
    7.3 Smart Camera-Based Vision Systems
           7.3.1 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

8 Machine Vision , By Application (Page No. - 84)
    8.1 Introduction
    8.2 Quality Assurance & Inspection
           8.2.1 Manufacturers Use Machine Vision Systems for Visual Inspections That Require High Speed, High Magnification, Round-The-Clock Operation, and Repeatability of Measurements
    8.3 Positioning & Guidance
           8.3.1 Positioning Tools, Co-Ordinate Locators, Or Pattern Identifiers Recognize and Determine the Exact Position and Orientation of Parts and Objects.
    8.4 Measurement
           8.4.1 . Machine Vision Measurement Tools Combined With the Right Optics and Stable Lighting Provide Precision Repeatability to Ensure Manufacturing Accuracy.
    8.5 Identification
           8.5.1 in Identification, Vision Systems are Used to Read Various Codes and Alphanumeric Characters, Such as Text and Numbers.
    8.6 Predictive Maintenance
           8.6.1 Predictive Maintenance Can Be Very Useful When There is Machine Downtime.

9 Machine Vision , By End-Use Industry (Page No. - 91)
    9.1 Introduction
    9.2 Automotive
           9.2.1 Machine Vision Systems Offer High Accuracy in Critical Activities Such as Bin Picking and Positioning of Parts for Assembly.
    9.3 Electronics & Semiconductor
           9.3.1 The Main Objectives of Deploying Machine Vision Systems are to Improve Product Quality and Increase Production Volume in A Short Period of Time.
    9.4 Consumer Electronics
           9.4.1 2D and 3D Machine Vision Systems are Emerging as Powerful Technologies for Electronics Assembly Applications.
    9.5 Glass
           9.5.1 Modern Machine Vision Technology Improves Operational Efficiency, Traces Defects, Reduces Wastage, and Provides Detailed Statistical Information.
    9.6 Metals
           9.6.1 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
    9.7 Wood & Paper
           9.7.1 Machine Vision Systems Can Work Efficiently in Different Environmental Conditions, Such as Wood Dust, Heat, Smoke, Water, and Chemicals.
    9.8 Pharmaceuticals
           9.8.1 Machine Vision Systems are Used in Detecting Defects to Ensure Product Quality.
    9.9 Food & Packaging
           9.9.1 Food
                    9.9.1.1 The Machine Vision Systems are Pre-Trained With the Required Algorithms, Which Help Them Understand Characteristics Such as Size, Stage of Growth, and Variety.
           9.9.2 Packaging
                    9.9.2.1 Machine Vision Helps in the Inspection of Packaging Processes and Reduction of Errors By Carrying Out Multiple Inspections at A Single Time.
    9.10 Rubber & Plastics
           9.10.1 The Machine Vision Systems are Designed to Examine and Evaluate Parts and Determine If the Parts are Good, Bad, Or Undefined.
    9.11 Printing
           9.11.1 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
    9.12 Machinery
           9.12.1 Machine Vision Systems Help in Completing Processes Much Faster and Also Help in Detecting Defects and Validating Quality.
    9.13 Solar Panel Manufacturing
           9.13.1 Industrial Machine Vision-Based Inspection is an Important Tool for Inspecting the Quality of Solar Panels.
    9.14 Textiles
           9.14.1 Machine Vision Systems Help Manufacturers Produce High-Quality Textiles While Minimizing the Costs and Maximizing the Profits.

10 Geographic Analysis (Page No. - 106)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 The US Offers an Ideal Environment for Innovation, Which has Facilitated Massive Advancements in Machine Vision Technologies and Standards.
             10.2.2 Canada
                        10.2.2.1 Canada is One of the Leading Contributors to the Development of Machine Vision Technologies.
             10.2.3 Mexico
                        10.2.3.1 Mexico is Evolving as A Major Industrial Hub in North America.
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 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
             10.3.2 UK
                        10.3.2.1 Manufacturers Based in the UK are Progressively Considering Machine Vision Systems to Improve Their Product Quality and Minimize Waste.
             10.3.3 France
                        10.3.3.1 France Focuses Heavily on Its Aerospace & Defense Industry.
             10.3.4 Italy
                        10.3.4.1 The Market for Electric Vehicles in Italy is Emerging.
             10.3.5 Spain
                        10.3.5.1 The Growth of the Market in Spain is Driven By Industries Such as Consumer Electronics and Pharmaceuticals.
             10.3.6 Rest of Europe
                        10.3.6.1 The Use of Camera-Based Machine Vision Systems is Expected to Increase in Europe as They are Widely Used in Oil Refineries for Quality Inspection as Well as Other Environmental Issues.
     10.4 Asia Pacific (APAC)
             10.4.1 China
                        10.4.1.1 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
             10.4.2 Japan
                        10.4.2.1 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
             10.4.3 South Korea
                        10.4.3.1 South Korea is Among the Leading Manufacturers of Robots in the World.
             10.4.4 India
                        10.4.4.1 The Manufacturing Sector in India is Expected to Grow Further in the Near Future, Which Will Require Automated Quality Check Mechanisms.
             10.4.5 Rest of APAC
                        10.4.5.1 The Use of Machine Vision Systems is Growing Owing to the Continuously Increasing Number of Applications in Various Industries
     10.5 Rest of the World (RoW)
             10.5.1 South America
                        10.5.1.1 South America has Significant Potential to Use Machine Vision Systems.
             10.5.2 Middle East
                        10.5.2.1 The Increase in Manufacturing Activities in Israel, the Middle East, and North Africa is A Key Growth Driver for This Market.
             10.5.3 Africa
                        10.5.3.1 Increasing Production in Food & Beverage, Automotive and Pharmaceutical Industries is Key Driver of  Growth of Market.

11 Competitive Landscape (Page No. - 123)
     11.1 Overview
     11.2 Key Players in the Market
     11.3 Competitive Leadership Mapping
             11.3.1 Visionary Leaders
             11.3.2 Dynamic Differentiators
             11.3.3 Innovators
             11.3.4 Emerging Companies
             11.3.5 Competitive Leadership Mapping for Market (2018)
     11.4 Competitive Benchmarking
             11.4.1 Strength of Product Portfolio (25 Companies)
             11.5.2 Business Strategy Excellence (25 Companies)
     11.5 Competitive Scenario
             11.5.1 Product Launches and Developments
             11.5.2 Partnerships, Collaborations, and Agreements
             11.5.3 Mergers & Acquisitions

12 Company Profile (Page No. - 134)
     12.1 Key Players
             12.1.1 Cognex
                        12.1.1.1 Business Overview
                        12.1.1.2 Products Offered
                        12.1.1.3 Recent Developments
                        12.1.1.4 SWOT Analysis
                        12.1.1.5 MnM View
             12.1.2 Basler
                        12.1.2.1 Business Overview
                        12.1.2.2 Products Offered
                        12.1.2.3 Recent Developments
                        12.1.2.4 SWOT Analysis
                        12.1.2.5 MnM View
             12.1.3 Omron
                        12.1.3.1 Business Overview
                        12.1.3.2 Products Offered
                        12.1.3.3 Recent Developments
                        12.1.3.4 SWOT Analysis
                        12.1.3.5 MnM View
             12.1.4 Keyence
                        12.1.4.1 Business Overview
                        12.1.4.2 Products Offered
                        12.1.4.3 Recent Developments
                        12.1.4.4 SWOT Analysis
                        12.1.4.5 MnM View
             12.1.5 National Instruments
                        12.1.5.1 Business Overview
                        12.1.5.2 Products Offered
                        12.1.5.3 Recent Developments
                        12.1.5.4 SWOT Analysis
                        12.1.5.5 MnM View
             12.1.6 Sony
                        12.1.6.1 Business Overview
                        12.1.6.2 Products Offered
                        12.1.6.3 Recent Developments
                        12.1.6.4 MnM View
             12.1.7 Teledyne Technologies
                        12.1.7.1 Business Overview
                        12.1.7.2 Products Offered
                        12.1.7.3 Recent Developments
                        12.1.7.4 MnM View
             12.1.8 Texas Instruments
                        12.1.8.1 Business Overview
                        12.1.8.2 Products Offered
                        12.1.8.3 Recent Developments
                        12.1.8.4 MnM View
             12.1.9 Intel
                        12.1.9.1 Business Overview
                        12.1.9.2 Products Offered
                        12.1.9.3 Recent Developments
                        12.1.9.4 MnM View
             12.1.10 Baumer Optronic
                        12.1.10.1 Business Overview
                        12.1.10.2 Products Offered
                        12.1.10.3 Recent Developments
                        12.1.10.4 MnM View
             12.1.11 Jai A/S
                        12.1.11.1 Business Overview
                        12.1.11.2 Products Offered
                        12.1.11.3 Recent Developments
                        12.1.11.4 MnM View
             12.1.12 Mvtec Software
                        12.1.12.1 Business Overview
                        12.1.12.2 Products Offered
                        12.1.12.3 Recent Developments
                        12.1.12.4 MnM View
             12.1.13 Tordivel As
                        12.1.13.1 Business Overview
                        12.1.13.2 Products Offered
                        12.1.13.3 Recent Developments
                        12.1.13.4 MnM View
             12.1.14 ISRA Vision
                        12.1.14.1 Business Overview
                        12.1.14.2 Products Offered
                        12.1.14.3 Recent Developments
                        12.1.14.4 MnM View
             12.1.15 Sick
                        12.1.15.1 Business Overview
                        12.1.15.2 Products Offered
                        12.1.15.3 Recent Developments
                        12.1.15.4 MnM View
             12.1.16 FLIR Systems
                        12.1.16.1 Business Overview
                        12.1.16.2 Products Offered
                        12.1.16.3 Recent Developments
                        12.1.16.4 MnM View
     12.2 Startup-Ecosystem
             12.2.1 Ametek
             12.2.2 Qualitas Technologies
             12.2.3 Sualab
             12.2.4 Algolux
             12.2.5 Clarifai
             12.2.6 Cadence Design Systems
             12.2.7 Inuitive

13 Appendix (Page No. - 177)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (124 Tables)

Table 1 Assumptions for Research Study
Table 2 Machine Vision Market, By Component, 2017–2025 (USD Billion)
Table 3 Market, By Hardware, 2017–2025 (USD Million)
Table 4 Market for Cameras in Terms of Value and Volume,  2015–2024
Table 5 Market, By Type, 2017–2025 (USD Million)
Table 6 Market for Cameras, By Type, 2017–2025 (Million Units)
Table 7 Market for Cameras, By Interface Standard,  2017–2025 (USD Million)
Table 8 Market for Cameras, By Frame Rate, 2017–2025 (USD Million)
Table 9 Market for Cameras, By Format, 2017–2025 (USD Million)
Table 10 Market for Cameras, By Sensor Type, 2017–2025 (USD Million)
Table 11 Market, By Processor, 2017–2025 (USD Million)
Table 12 Market, By Software, 2017–2025 (USD Million)
Table 13 Market, By Product, 2017–2025 (USD Billion)
Table 14 PC-Based Machine Vision Systems Market, By Region, 2017–2025 (USD Million)
Table 15 PC-Based Machine Vision Systems Market, By End-Use Industry, 2017–2025 (USD Million)
Table 16 PC-Based Machine Vision Systems Market in Automotive Industry, By Region, 2017–2025 (USD Million)
Table 17 PC-Based Machine Vision Systems Market in Consumer Electronics Industry, By Region, 2017–2025 (USD Million)
Table 18 PC-Based Machine Vision Systems Market in Electronics & Semiconductor Industry, By Region, 2017–2025 (USD Million)
Table 19 PC-Based Machine Vision Systems Market in Printing Industry, By Region, 2017–2025 (USD Million)
Table 20 PC-Based Machine Vision Systems Market in Metals Industry, By Region, 2017–2025 (USD Million)
Table 21 PC-Based Machine Vision Systems Market in Wood & Paper Industry,  By Region, 2017–2025 (USD Million)
Table 22 PC-Based Machine Vision Systems Market in Food & Packaging Industry,  By Region, 2017–2025 (USD Million)
Table 23 PC-Based Machine Vision Systems Market in Rubber & Plastics Industry,  By Region, 2017–2025 (USD Million)
Table 24 PC-Based Machine Vision Systems Market in Pharmaceuticals Industry,  By Region, 2017–2025 (USD Million)
Table 25 PC-Based Machine Vision Systems Market in Glass Industry, By Region,  2017–2025 (USD Million)
Table 26 PC-Based Machine Vision Systems Market in Machinery Industry, By Region, 2017–2025 (USD Million)
Table 27 PC-Based Machine Vision Systems Market in Solar Panel Manufacturing Industry, By Region, 2017–2025 (USD Million)
Table 28 PC-Based Machine Vision Systems Market in Textile Manufacturing Industry, By Region, 2017–2025 (USD Million)
Table 29 Smart Camera-Based Machine Vision Systems Market, By Region,  2017–2025 (USD Million)
Table 30 Smart Camera-Based Machine Vision Systems Market, By End-Use Industry, 2017–2025 (USD Million)
Table 31 Smart Camera-Based Machine Vision Systems Market in Automotive Industry, By Region, 2017–2025 (USD Million)
Table 32 Smart Camera-Based Machine Vision Systems Market in Consumer Electronics Industry, By Region, 2017–2025 (USD Million)
Table 33 Smart Camera-Based Machine Vision Systems Market in Electronics & Semiconductor Industry, By Region, 2017–2025 (USD Million)
Table 34 Smart Camera-Based Machine Vision Systems Market in Printing Industry,  By Region, 2017–2025 (USD Million)
Table 35 Smart Camera-Based Machine Vision Systems Market in Metals Industry,  By Region, 2017–2025 (USD Million)
Table 36 Smart Camera-Based Machine Vision Systems Market in Wood & Paper Industry, By Region, 2017–2025 (USD Million)
Table 37 Smart Camera-Based Machine Vision Systems Market in Food & Packaging Industry, By Region, 2017–2025 (USD Million)
Table 38 Camera-Based Machine Vision Systems Market in Rubber & Plastics Industry, By Region, 2017–2025 (USD Million)
Table 39 Smart Camera-Based Machine Vision Systems Market in Pharmaceuticals Industry, By Region, 2017–2025 (USD Million)
Table 40 Smart Camera-Based Machine Vision Systems Market in Glass Industry,  By Region, 2017–2025 (USD Million)
Table 41 Smart Camera-Based Machine Vision Systems Market in Machinery Industry, By Region, 2017–2025 (USD Million)
Table 42 Smart Camera-Based Machine Vision Systems Market in Solar Panel Manufacturing Industry, By Region, 2017–2025 (USD Million)
Table 43 Smart Camera-Based Machine Vision Systems Market in Textiles Industry,  By Region, 2017–2025 (USD Million)
Table 44 Market, By Application, 2017–2025 (USD Billion)
Table 45 Market in Quality Assurance & Inspection, By Product,  2017–2025 (USD Million)
Table 46 Market in Positioning & Guidance, By Product,  2017–2025 (USD Million)
Table 47 Market in Measurement, By Product, 2017–2025 (USD Million)
Table 48 Market in Identification, By Product, 2017–2025 (USD Million)
Table 49 Market in Predictive Maintenance, By Product,  22017–2025 (USD Million)
Table 50 Market, By End-Use Industry, 2017–2025 (USD Million)
Table 51 Market in Automotive Industry, By Region,  2017–2025 (USD Million)
Table 52 Market in Automotive Industry, By North America,  2017–2025 (USD Million)
Table 53 Market in Automotive Industry, By Europe,  2017–2025 (USD Million)
Table 54 Market in Automotive Industry, By APAC,  2017–2025 (USD Million)
Table 55 Market in Automotive Industry, By RoW,  2017–2025 (USD Million)
Table 56 Market in Electronics & Semiconductor Industry, By Region, 2017–2025 (USD Million)
Table 57 Market in Electronics & Semiconductor Industry, By North America, 2017–2025 (USD Million)
Table 58 Market in Electronics & Semiconductor Industry, By Europe, 2017–2025 (USD Million)
Table 59 Market in Electronics & Semiconductor Industry, By APAC, 2017–2025 (USD Million)
Table 60 Market in Electronics & Semiconductor Industry, By RoW, 2017–2025 (USD Million)
Table 61 Market in Consumer Electronics Industry, By Region,  2017–2025 (USD Million)
Table 62 Market in Consumer Electronics Industry, By North America,  2017–2025 (USD Million)
Table 63 Market in Consumer Electronics Industry, By Europe,  2017–2025 (USD Million)
Table 64 Market in Consumer Electronics Industry, By APAC,  2017–2025 (USD Million)
Table 65 Market in Consumer Electronics Industry, By RoW,  2017–2025 (USD Million)
Table 66 Market in Glass Industry, By Region, 2017–2025 (USD Million)
Table 67 Market in Glass Industry, By North America, 2017–2025 (USD Million)
Table 68 Market in Glass Industry, By Europe, 2017–2025 (USD Million)
Table 69 Market in Glass Industry, By APAC, 2017–2025 (USD Million)
Table 70 Market in Glass Industry, By RoW, 2017–2025 (USD Million)
Table 71 Market in Metals Industry, By Region, 2017–2025 (USD Million)
Table 72 Market in Metals Industry, By North America, 2017–2025 (USD Million)
Table 73 Market in Metals Industry, By Europe, 2017–2025 (USD Million)
Table 74 Market in Metals Industry, By APAC, 2017–2025 (USD Million)
Table 75 Market in Metals Industry, By RoW, 2017–2025 (USD Million)
Table 76 Market in Wood & Paper Industry, By Region,  2017–2025 (USD Million)
Table 77 Market in Wood & Paper Industry, By North America,  2017–2025 (USD Million)
Table 78 Market in Wood & Paper Industry, By Europe,  2017–2025 (USD Million)
Table 79 Market in Wood & Paper Industry, By APAC,  2017–2025 (USD Million)
Table 80 Market in Wood & Paper Industry, By RoW,  2017–2025 (USD Million)
Table 81 Market in Pharmaceuticals Industry, By Region, 2017–2025 (USD Million)
Table 82 Market in Pharmaceuticals Industry, By North America,  2017–2025 (USD Million)
Table 83 Market in Pharmaceuticals Industry, By Europe,  2017–2025 (USD Million)
Table 84 Market in Pharmaceuticals Industry, By APAC,  22017–2025 (USD Million)
Table 85 Market in Pharmaceuticals Industry, By RoW,  22017–2025 (USD Million)
Table 86 Market in Food & Packaging Industry, By Region,  2017–2025 (USD Million)
Table 87 Market in Food & Packaging Industry, By North America,  2017–2025 (USD Million)
Table 88 Market in Food & Packaging Industry, By Europe,  2015–2024 (USD Million)
Table 89 Market in Food & Packaging Industry, By APAC,  2017–2025 (USD Million)
Table 90 Market in Food & Packaging Industry, By RoW,  2017–2025 (USD Million)
Table 91 Market in Rubber & Plastics Industry, By Region,  2017–2025 (USD Million)
Table 92 Market in Rubber & Plastics Industry, By North America,  2017–2025(USD Million)
Table 93 Market in Rubber & Plastics Industry, By Europe,  2017–2025 (USD Million)
Table 94 Market in Rubber & Plastics Industry, By APAC,  2017–2025 (USD Million)
Table 95 Market in Rubber & Plastics Industry, By RoW,  2017–2025 (USD Million)
Table 96 Market in Printing Industry, By Region,  2017–2025 (USD Million)
Table 97 Market in Printing Industry, By North America,  2017–2025 (USD Million)
Table 98 Market in Printing Industry, By Europe,  2017–2025 (USD Million)
Table 99 Market in Printing Industry, By APAC, 2017–2025 (USD Million)
Table 100 Market in Printing Industry, By RoW,  2017–2025 (USD Million)
Table 101 Market in Machinery Industry, By Region,  2017–2025 (USD Million)
Table 102 Market in Machinery Industry, By North America,  22017–2025 (USD Million)
Table 103 Market in Machinery Industry, By Europe,  2017–2025 (USD Million)
Table 104 Market in Machinery Industry, By APAC,  2017–2025 (USD Million)
Table 105 Market in Machinery Industry, By RoW,  2017–2025 (USD Million)
Table 106 Market in Solar Panel Manufacturing Industry, By Region, 2017–2025 (USD Million)
Table 107 Market in Solar Panel Manufacturing Industry, By North America,  2017–2025 (USD Million)
Table 108 Market in Solar Panel Manufacturing Industry, By Europe,  2017–2025 (USD Million)
Table 109 Market in Solar Panel Manufacturing Industry, By APAC,  2017–2025 (USD Million)
Table 110 Market in Solar Panel Manufacturing Industry, By RoW,  2017–2025 (USD Million)
Table 111 Market in Textiles Industry, By Region,  2017–2025 (USD Million)
Table 112 Market in Textiles Industry, By North America,  2017–2025 (USD Million)
Table 113 Market in Textiles Industry, By Europe,  2017–2025USD Million)
Table 114 Market in Textiles Industry, By APAC,  2017–2025 (USD Million)
Table 115 Market in Textiles Industry, By RoW,  2017–2025 (USD Million)
Table 116 Market, By Region, 2017–2025 (USD Billion)
Table 117 Market in North America, By Country, 2017–2025 (USD Million)
Table 118 Market in Europe, By Country, 2017–2025 (USD Million)
Table 119 Market in APAC, By Country, 2017–2025 (USD Million)
Table 120 Market in RoW, By Region, 2017–2025USD Million)
Table 121 Top 5 Players in the Market, 2018
Table 122 Product Launches and Developments (2016–2018)
Table 123 Partnerships, Collaborations, and Agreements (2016–2018)
Table 124 Mergers & Acquisitions (2016–2017)


List of Figures (40 Figures)

Figure 1 Machine Vision Segmentation
Figure 2 Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Cameras Expected to Be the Largest Machine Vision Hardware Component Market Throughout the Forecast Period
Figure 7 Market for Predictive Maintenance Expected to Grow at the Highest Rate Between 2019 and 2024
Figure 8 Market in Food & Packaging Industry Expected to Grow at the Highest Rate During the Forecast Period
Figure 9 APAC Accounted for the Largest Share of the Market in 2018
Figure 10 Increasing Demand for Machine Vision in Food & Packaging is Driving the Market Growth
Figure 11 Smart Camera-Based Machine Vision System to Grow at A Higher CAGR Than PC-Based Systems During the Forecast Period
Figure 12 China Estimated to Account for the Largest Share of the Market in APAC in 2019
Figure 13 APAC Estimated to Account for the Largest Share of the Market in 2019
Figure 14 Market for Predictive Maintenance Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Increasing Manufacturing of Hybrid and Electric Cars to Drive the Growth of the Market
Figure 16 Shipment of Industrial Robots, 2012 to 2018
Figure 17 Increasing Demand for Hybrid and Electric Vehicles Between 2020 and 2040
Figure 18 Value Chain Analysis: Maximum Value Added During the Component and Equipment Manufacturing and System Integration Stages
Figure 19 Software Component Expected to Grow at A Higher Rate During the Forecast Period
Figure 20 Smart Camera-Based Machine Vision Systems Expected to Grow at A Higher Rate Than PC-Based Between 2019 and 2024
Figure 21 Market for Predictive Maintenance to Grow at the Highest CAGR During the Forecast Period
Figure 22 Automotive End-Use Industry Estimated to Hold the Largest Size of the Market in 2019
Figure 23 Geographic Snapshot of the Market (2019–2024)
Figure 24 Snapshot of the Market in North America
Figure 25 Snapshot of the Market in Europe
Figure 26 Snapshot of the Market in APAC
Figure 27 Product Launches and Developments Emerged as the Key Growth Strategies Adopted Companies Between 2016 and 2018
Figure 28 Market Evaluation Framework: New Product Development, New Product Launch, and Product Line Expansion have Fueled Growth and Innovation Between 2016 and 2018
Figure 29 Cognex: Company Snapshot
Figure 30 Basler: Company Snapshot
Figure 31 Omron: Company Snapshot
Figure 32 Keyence: Company Snapshot
Figure 33 National Instruments: Company Snapshot
Figure 34 Sony: Company Snapshot
Figure 35 Teledyne Technologies: Company Snapshot
Figure 36 Texas Instruments: Company Snapshot
Figure 37 Intel: Company Snapshot
Figure 38 ISRA Vision: Company Snapshot
Figure 39 Sick: Company Snapshot
Figure 40 FLIR Systems: Company Snapshot

The study involved four major activities in estimating the current size of the market. Exhaustive secondary research has been conducted to collect information about the market, the peer market, and the parent market. Validating findings, assumptions, and sizing with industry experts through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the total market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and sub-segments.

Secondary Research

The research methodology used to estimate and forecast the 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  market. 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 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 market.

Industrial Machine Vision Market

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 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 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 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 market

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)
Report Code
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Published ON
Feb, 2020
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