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
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[191 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?

Frequently Asked Questions (FAQ):

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

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Study Objectives
    1.2 Market Definition
           1.2.1 Inclusions and Exclusions
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           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. - 33)

4 Premium Insights (Page No. - 37)
    4.1 Machine Vision Market, 2020–2025 (USD Billion)
    4.2 Machine Vision Market, By Product
    4.3 Machine Vision Market, By Application
    4.4 Machine Vision Market in APAC, By End-User Industry & Country, 2019
    4.5 Machine Vision Market, By Region

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 Robotics Systems
                    5.2.1.3 Increasing Adoption of 3D Machine Vision Systems
                    5.2.1.4 Rising Need for Asics
                    5.2.1.5 Growing Need for Inspection in Food and Packaging Industries
           5.2.2 Restraints
                    5.2.2.1 Varying End-User Requirements
                    5.2.2.2 Lack of Flexible Machine Vision Solutions
                    5.2.2.3 Lack of Skilled Professionals in Manufacturing Factories
           5.2.3 Opportunities
                    5.2.3.1 Increasing Manufacturing of Hybrid and Electric Cars
                    5.2.3.2 Government Initiatives to Support Industrial Automation
                    5.2.3.3 Increasing Demand for Artificial Intelligence (AI) in Machine Vision
                    5.2.3.4 Government Initiatives to Boost AI-Related Technologies
                    5.2.3.5 Growing Adoption of Industry 4.0
                    5.2.3.6 Need for Miniaturization of Cameras and Processors
                    5.2.3.7 Increasing Wages Leading to Opportunities in Vision-Guided Industrial Robots and Other Automation Technologies in China
           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

6 Machine Vision Market, By Deployment (Page No. - 54)
    6.1 Introduction
    6.2 General Machine Vision System
           6.2.1 Machine Vision System Automatically Takes Pictures to Inspect Materials as They Come Down the Assembly Line
    6.3 Robotic Cell
           6.3.1 Robotic Cell is Growing at A Higher Rate Due to the Advent of Low-Cost Smart Cameras and Pattern-Matching Software

7 Machine Vision Market, By Component (Page No. - 61)
    7.1 Introduction
    7.2 Hardware
           7.2.1 Cameras
                    7.2.1.1 Interface Standard
                    7.2.1.2 USB 2.0
                    7.2.1.3 USB 3.0
                    7.2.1.4 Camera Link
                    7.2.1.5 Camera Link HS
                    7.2.1.6 GigE
                    7.2.1.7 10 GigE & 25 GigE Bandwidth Over the GigE Vision Standard
                    7.2.1.8 Others (Coaxpress, EMVA-1288, Genicam)
                    7.2.1.9 Imaging Spectrum
                    7.2.1.10 Visible Light
                    7.2.1.11 Visible + IR/IR
                    7.2.1.12 By Frame Rates
                               7.2.1.12.1 <25 FPS
                               7.2.1.12.2 25–125 FPS
                               7.2.1.12.3 More Than 125 FPS
                    7.2.1.13 By Formats
                               7.2.1.13.1 Line Scan
                               7.2.1.13.2 Area Scan
                    7.2.1.14 By Sensors
                               7.2.1.14.1 CMOS
                    7.2.1.15 CCD
           7.2.2 Frame Grabbers
                    7.2.2.1 Frame Grabber is A Part of the Computer Vision System Wherein Video Frames are Captured in A Digital Form
           7.2.3 Optics
                    7.2.3.1 The Camera Lens Captures Images on A Photographic Film Or Other Media That are Capable of Storing an Image Chemically Or Electronically
           7.2.4 LED Lighting
                    7.2.4.1 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
           7.2.5 Processors
                    7.2.5.1 FPGA
                               7.2.5.1.1 An FPGA Consists of an Array of Programmable Logic Blocks, Which Can Be Configured to Design Desired Logic
                    7.2.5.2 DSP
                               7.2.5.2.1 DSPS have A Specially Designed Architecture, Which Helps in Fetching Multiple Data and Instructions at the Same Time
                    7.2.5.3 Microcontroller and Microprocessor
                               7.2.5.3.1 Microcontrollers and Microprocessors are Specifically Designed for Real-Time Applications
                    7.2.5.4 VPU
                               7.2.5.4.1 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
    7.3 Software
           7.3.1 Traditional Software
                    7.3.1.1 Traditional Software Provides A Framework to Develop and Deploy Machine Vision Applications
           7.3.2 Deep Learning Software
                    7.3.2.1 Deep Learning Frameworks Offer Great Flexibility to Program Developers Owing to Their Ability to Design and Train Customized Deep Neural Networks

8 Machine Vision Market, By Product (Page No. - 75)
    8.1 Introduction
    8.2 PC-Based Machine Vision System
           8.2.1 PC-Based Machine Vision Systems have the Ability to Compensate for Unexpected Variations in Certain Tasks
    8.3 Smart Camera-Based Machine Vision System
           8.3.1 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

9 Industrial Machine Vision Market, By Application (Page No. - 91)
    9.1 Introduction
    9.2 Quality Assurance & Inspection
           9.2.1 Manufacturers Use Machine Vision Systems for Visual Inspections That Require High Speed, High Magnification, Round-The-Clock Operation, and Repeatability of Measurements
    9.3 Positioning & Guidance
           9.3.1 Positioning Tools, Co-Ordinate Locators, Or Pattern Identifiers Recognize and Determine the Exact Position and Orientation of Parts and Objects
    9.4 Measurement
           9.4.1 Machine Vision Measurement Tools Combined With the Right Optics and Stable Lighting Provide Precision Repeatability to Ensure Manufacturing Accuracy
    9.5 Identification
           9.5.1 in Identification, Vision Systems are Used to Read Various Codes and Alphanumeric Characters, Such as Text and Numbers
    9.6 Predictive Maintenance
           9.6.1 Predictive Maintenance Can Be Very Useful When There is Machine Downtime.

10 Machine Vision Market, By End-User Industry (Page No. - 97)
     10.1 Introduction
     10.2 Automotive
             10.2.1 Machine Vision Systems Offer High Accuracy in Critical Activities Such as Bin Picking and Positioning of Parts for Assembly
     10.3 Electronics and Semiconductor
             10.3.1 The Main Objectives of Deploying Machine Vision Systems are to Improve Product Quality and Increase Production Volume in A Short Period of Time.
     10.4 Consumer Electronics
             10.4.1 2D and 3D Machine Vision Systems are Emerging as Powerful Technologies for Electronics Assembly Applications
     10.5 Glass
             10.5.1 Modern Machine Vision Technology Improves Operational Efficiency, Traces Defects, Reduces Wastage, and Provides Detailed Statistical Information
     10.6 Metals
             10.6.1 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
     10.7 Wood and Paper
             10.7.1 Machine Vision Systems Can Work Efficiently in Different Environmental Conditions, Such as Wood Dust, Heat, Smoke, Water, and Chemicals
     10.8 Pharmaceutical
             10.8.1 Machine Vision Systems are Used in Detecting Defects to Ensure Product Quality
     10.9 Food and Packaging
             10.9.1 Food
                        10.9.1.1 The Machine Vision Systems are Pre-Trained With the Required Algorithms, Which Help Them Understand Characteristics Such as Size, Stage of Growth, and Variety
             10.9.2 Packaging
                        10.9.2.1 Machine Vision Helps in the Inspection of Packaging Processes and Reduction of Errors By Carrying Out Multiple Inspections at A Single Time
     10.10 Rubber and Plastics
             10.10.1 The Machine Vision Systems are Designed to Examine and Evaluate Parts and Determine If the Parts are Good, Bad, Or Undefined
     10.11 Printing
             10.11.1 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
     10.12 Machinery
             10.12.1 Machine Vision Systems Help in Completing Processes Much Faster and Also Help in Detecting Defects and Validating Quality
     10.13 Solar Panel Manufacturing
             10.13.1 Industrial Machine Vision-Based Inspection is an Important Tool for Inspecting the Quality of Solar Panels
     10.14 Textile
             10.14.1 Machine Vision Systems Help Manufacturers Produce High-Quality Textiles While Minimizing the Costs and Maximizing the Profits

11 Geographic Analysis (Page No. - 116)
     11.1 Introduction
     11.2 North America
             11.2.1 US
                        11.2.1.1 The US Offers an Ideal Environment for Innovation, Which has Facilitated Massive Advancements in Machine Vision Technologies and Standards
             11.2.2 Canada
                        11.2.2.1 Canada is One of the Leading Contributors to the Development of Machine Vision Technologies
             11.2.3 Mexico
                        11.2.3.1 Mexico is Evolving as A Major Industrial Hub in North America
     11.3 Europe
             11.3.1 Germany
                        11.3.1.1 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
             11.3.2 UK
                        11.3.2.1 Manufacturers Based in the UK are Progressively Considering Machine Vision Systems to Improve Their Product Quality and Minimize Waste
             11.3.3 France
                        11.3.3.1 France Focuses Heavily on Its Aerospace & Defense Industry
             11.3.4 Italy
                        11.3.4.1 The Market for Electric Vehicles in Italy is Emerging
             11.3.5 Spain
                        11.3.5.1 The Growth of the Market in Spain is Driven By Industries Such as Consumer Electronics and Pharmaceuticals
             11.3.6 Rest of Europe (RoE)
                        11.3.6.1 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
     11.4 Asia Pacific (APAC)
             11.4.1 China
                        11.4.1.1 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
             11.4.2 Japan
                        11.4.2.1 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
             11.4.3 South Korea
                        11.4.3.1 South Korea is Among the Leading Manufacturers of Robots in the World
             11.4.4 India
                        11.4.4.1 The Manufacturing Sector in India is Expected to Grow Further in the Near Future, Which Will Require Automated Quality Check Mechanisms
             11.4.5 Rest of APAC
                        11.4.5.1 The Use of Machine Vision Systems is Growing Owing to the Continuously Increasing Number of Applications in Various Industries
     11.5 Rest of the World (RoW)
             11.5.1 South America
                        11.5.1.1 South America has Significant Potential to Use Machine Vision Systems
             11.5.2 Middle East
                        11.5.2.1 The Increase in Manufacturing Activities in Israel, the Middle East, and North Africa is A Key Growth Driver for This Market
             11.5.3 Africa
                        11.5.3.1 Increasing Production in Food & Beverage, Automotive and Pharmaceutical Industries is Key Driver of Growth of Machine Vision Market

12 Competitive Landscape (Page No. - 134)
     12.1 Overview
     12.2 Market Rank Analysis
     12.3 Competitive Situations and Trends
             12.3.1 Product Launches
             12.3.2 Others
     12.4 Competitive Leadership Mapping
             12.4.1 Visionary Leaders
             12.4.2 Dynamic Differentiators
             12.4.3 Innovators
             12.4.4 Emerging Companies
     12.5 Strength of Product Portfolio
     12.6 Business Strategy Excellence (For All 25 Players)

13 Company Profile (Page No. - 143)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View)*
     13.1 Key Players
             13.1.1 Cognex Corporation
             13.1.2 Basler AG
             13.1.3 Omron Corporation
             13.1.4 Keyence Corporation
             13.1.5 National Instruments
             13.1.6 Sony Corporation
             13.1.7 Teledyne Technologies
             13.1.8 Texas Instruments
             13.1.9 Intel Corporation
             13.1.10 ISRA Vision AG
             13.1.11 Sick AG
             13.1.12 FLIR Systems
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis & MnM View Might Not Be Captured in Case of Unlisted Companies.
     13.2 Right-To-Win
     13.3 Startup Ecosystem
             13.3.1 AMETEK Inc.
             13.3.2 Qualitas Technologies
             13.3.3 Baumer Optronic
             13.3.4 Algolux
             13.3.5 Tordivel As
             13.3.6 Inuitive
             13.3.7 MVTec Software GmbH
             13.3.8 Jai A/S
             13.3.9 Industrial Vision Systems Ltd.
             13.3.10 Allied Vision Technologies GmbH

14 Appendix (Page No. - 186)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Report
     14.5 Author Details


List of Tables (103 Tables)

Table 1 Machine Vision Market, By Deployment, 2017–2025 (USD Million)
Table 2 Machine Vision Market for Automotive Industry, By Deployment, 2017–2025 (USD Million)
Table 3 Machine Vision Market for Consumer Electronics Industry, By Deployment, 2017–2025 (USD Million)
Table 4 Machine Vision Market for Electronics and Semiconductor Industry, By Deployment, 2017–2025 (USD Million)
Table 5 Machine Vision Market for Printing Industry, By Deployment, 2017–2025 (USD Million)
Table 6 Machine Vision Market for Metals Industry, By Deployment, 2017–2025 (USD Million)
Table 7 Machine Vision Market for Wood and Paper Industry, By Deployment, 2017–2025 (USD Million)
Table 8 Machine Vision Market Food and Packaging Industry, By Deployment, 2017–2025 (USD Million)
Table 9 Machine Vision Market for Rubber & Plastics Industry, By Deployment, 2017–2025 (USD Million)
Table 10 Machine Vision Market for Pharmaceutical Industry, By Deployment, 2017–2025 (USD Million)
Table 11 Machine Vision Market for Glass Industry, By Deployment, 2017–2025 (USD Million)
Table 12 Machine Vision Market for Machinery Industry, By Deployment, 2017–2025 (USD Million)
Table 13 Machine Vision Market for Solar Panel Manufacturing Industry, By Deployment, 2017–2025 (USD Million)
Table 14 Machine Vision Market for Textile Industry, By Deployment, 2017–2025 (USD Million)
Table 15 Machine Vision Market, By Component, 2017–2025 (USD Million)
Table 16 Machine Vision Market, By Hardware, 2017–2025 (USD Million)
Table 17 Machine Vision Hardware Market for Cameras in Terms of Value and Volume, 2017–2025
Table 18 Machine Vision Hardware Market for Cameras, By Product, 2017–2025 (USD Million)
Table 19 Machine Vision Hardware Market for Cameras, By Interface Standard, 2017–2025 (USD Million)
Table 20 Machine Vision Hardware Market for Cameras, By Imaging Spectrum, 2017–2025 (USD Million)
Table 21 Machine Vision Hardware Market for Cameras, By Frame Rates, 2017–2025 (USD Million)
Table 22 Machine Vision Hardware Market for Cameras, By Formats, 2017–2025 (USD Million)
Table 23 Machine Vision Hardware Market for Cameras, By Sensors, 2017–2025 (USD Million)
Table 24 Machine Vision Hardware Market, By Processors, 2017–2025 (USD Million)
Table 25 Machine Vision Market, By Software, 2017–2025 (USD Million)
Table 26 Machine Vision Market, By Product, 2017–2025 (USD Million)
Table 27 PC-Based Machine Vision System Market, By Region, 2017–2025 (USD Million)
Table 28 PC-Based Machine Vision System Market, By Application, 2017–2025 (USD Million)
Table 29 PC-Based Machine Vision System Market, By End-User Industry, 2017–2025 (USD Million)
Table 30 PC-Based Machine Vision System Market for Automotive Industry, By Region, 2017–2025 (USD Million)
Table 31 PC-Based Machine Vision System Market for Consumer Electronics Industry, By Region, 2017–2025 (USD Million)
Table 32 PC-Based Machine Vision System Market for Electronics and Semiconductor Industry, By Region, 2017–2025 (USD Million)
Table 33 PC-Based Machine Vision System Market for Printing Industry, By Region, 2017–2025 (USD Million)
Table 34 PC-Based Machine Vision System Market for Metals Industry, By Region, 2017–2025 (USD Million)
Table 35 PC-Based Machine Vision System Market for Wood and Paper Industry, By Region, 2017–2025 (USD Million)
Table 36 PC-Based Machine Vision System Market for Food and Packaging Industry, By Region, 2017–2025 (USD Million)
Table 37 PC-Based Machine Vision System Market for Rubber and Plastics Industry, By Region, 2017–2025 (USD Million)
Table 38 PC-Based Machine Vision System Market for Pharmaceuticals Industry, By Region, 2017–2025 (USD Million)
Table 39 PC-Based Machine Vision System Market for Glass Industry, By Region, 2017–2025 (USD Million)
Table 40 PC-Based Machine Vision System Market for Machinery Industry, By Region, 2017–2025 (USD Million)
Table 41 PC-Based Machine Vision System Market for Solar Panel Manufacturing Industry, By Region, 2017–2025 (USD Million)
Table 42 PC-Based Machine Vision System Market for Textile Industry, By Region, 2017–2025 (USD Million)
Table 43 Smart Camera-Based Machine Vision System Market, By Region, 2017–2025 (USD Million)
Table 44 Smart Camera-Based Machine Vision System Market, By Application, 2017–2025 (USD Million)
Table 45 Smart Camera-Based Machine Vision System Market, By End-User Industry, 2017–2025 (USD Million)
Table 46 Smart Camera-Based Machine Vision System Market for Automotive Industry, By Region, 2017–2025 (USD Million)
Table 47 Smart Camera-Based Machine Vision System Market for Consumer Electronics Industry, By Region, 2017–2025 (USD Million)
Table 48 Smart Camera-Based Machine Vision System Market for Electronics and Semiconductor Industry, By Region, 2017–2025 (USD Million)
Table 49 Smart Camera-Based Machine Vision System Market for Printing Industry, By Region, 2017–2025 (USD Million)
Table 50 Smart Camera-Based Machine Vision System Market for Metals Industry, By Region, 2017–2025 (USD Million)
Table 51 Smart Camera-Based Machine Vision System Market for Wood and Paper Industry, By Region, 2017–2025 (USD Million)
Table 52 Smart Camera-Based Machine Vision System Market for Food and Packaging Industry, By Region, 2017–2025 (USD Million)
Table 53 Camera-Based Machine Vision System Market for Rubber and Plastics Industry, By Region, 2017–2025 (USD Million)
Table 54 Smart Camera-Based Machine Vision System Market for Pharmaceuticals Industry, By Region, 2017–2025 (USD Million)
Table 55 Smart Camera-Based Machine Vision System Market for Glass Industry, By Region, 2017–2025 (USD Million)
Table 56 Smart Camera-Based Machine Vision System Market for Machinery Industry, By Region, 2017–2025 (USD Million)
Table 57 Smart Camera-Based Machine Vision System Market for Solar Panel Manufacturing Industry, By Region, 2017–2025 (USD Million)
Table 58 Smart Camera-Based Machine Vision System Market for Textile Industry, By Region, 2017–2025 (USD Million)
Table 59 Machine Vision Market, By Application, 2017–2025 (USD Million)
Table 60 Machine Vision Market for Quality Assurance and Inspection Application, By Product, 2017–2025 (USD Million)
Table 61 Machine Vision Market for Positioning and Guidance Application, By Product, 2017–2025 (USD Million)
Table 62 Machine Vision Market for Measurement Application, By Product, 2017–2025 (USD Million)
Table 63 Machine Vision Market for Identification Application, By Product, 2017–2025 (USD Million)
Table 64 Machine Vision Market for Predictive Maintenance Application, By Product, 2017–2025 (USD Million)
Table 65 Machine Vision Market, By End-User Industry, 2017–2025 (USD Million)
Table 66 Machine Vision Market for Automotive Industry, By Region, 2017–2025 (USD Million)
Table 67 Machine Vision Market for Automotive Industry, By Product, 2017–2025 (USD Million)
Table 68 Machine Vision Market for Electronics and Semiconductor Industry, By Region, 2017–2025 (USD Million)
Table 69 Machine Vision Market for Electronics and Semiconductor Industry, By Product, 2017–2025 (USD Million)
Table 70 Machine Vision Market for Consumer Electronics Industry, By Region, 2017–2025 (USD Million)
Table 71 Machine Vision Market for Consumer Electronics Industry, By Product, 2017–2025 (USD Million)
Table 72 Machine Vision Market for Glass Industry, By Region, 2017–2025 (USD Million)
Table 73 Machine Vision Market for Glass Industry, By Product, 2017–2025 (USD Million)
Table 74 Machine Vision Market for Metals Industry, By Region, 2017–2025 (USD Million)
Table 75 Machine Vision Market for Metals Industry, By Product, 2017–2025 (USD Million)
Table 76 Machine Vision Market for Wood and Paper Industry, By Region, 2017–2025 (USD Million)
Table 77 Machine Vision Market for Wood and Paper Industry, By Product, 2017–2025 (USD Million)
Table 78 Machine Vision Market for Pharmaceutical Industry, By Region, 2017–2025 (USD Million)
Table 79 Machine Vision Market for Pharmaceutical Industry, By Product, 2017–2025 (USD Million)
Table 80 Machine Vision Market for Food and Packaging Industry, By Region, 2017–2025 (USD Million)
Table 81 Machine Vision Market for Food and Packaging Industry, By Product, 2017–2025 (USD Million)
Table 82 Machine Vision Market for Rubber and Plastics Industry, By Region, 2017–2025 (USD Million)
Table 83 Machine Vision Market for Rubber and Plastics Industry, By Product, 2017–2025 (USD Million)
Table 84 Machine Vision Market for Printing Industry, By Region, 2017–2025 (USD Million)
Table 85 Machine Vision Market for Printing Industry, By Product, 2017–2025 (USD Million)
Table 86 Machine Vision Market for Machinery Industry, By Region, 2017–2025 (USD Million)
Table 87 Machine Vision Market for Machinery Industry, By Product, 2017–2025 (USD Million)
Table 88 Machine Vision Market for Solar Panel Manufacturing Industry, By Region, 2017–2025 (USD Million)
Table 89 Machine Vision Market for Solar Panel Manufacturing Industry, By Product, 2017–2025 (USD Million)
Table 90 Machine Vision Market for Textile Industry, By Region, 2017–2025 (USD Million)
Table 91 Machine Vision Market for Textile Industry, By Product, 2017–2025 (USD Million)
Table 92 Machine Vision Market, By Region, 2017–2025 (USD Million)
Table 93 Machine Vision Market in North America, By Country, 2017–2025 (USD Million)
Table 94 Machine Vision Market in North America, By End-User Industry, 2017–2025 (USD Million)
Table 95 Machine Vision Market in Europe, By Country, 2017–2025 (USD Million)
Table 96 Machine Vision Market in Europe, By End-User Industry, 2017–2025 (USD Million)
Table 97 Machine Vision Market in APAC, By Country, 2017–2025 (USD Million)
Table 98 Machine Vision Market in APAC, By End-User Industry, 2017–2025 (USD Million)
Table 99 Machine Vision Market in RoW, By Region, 2017–2025 (USD Million)
Table 100 Machine Vision Market in RoW, By End-User Industry, 2015–2024 (USD Million)
Table 101 Product Launches (2019)
Table 102 Mergers & Acquisitions (2017- 2018)
Table 103 Agreements (2018)


List of Figures (52 Figures)

Figure 1 Market Segmentation
Figure 2 Machine Vision Market: Research Design
Figure 3 Market Size Estimation Methodology: Revenue of Market Players
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions for Research Study
Figure 8 Cameras Expected to Exhibit the Highest Growth Rate During the Forecast Period
Figure 9 Quality Assurance & Inspection Application Expected to Hold the Largest Market Share Between 2020 and 2025
Figure 10 Food & Packaging End-User Industry Segment Expected to Register the Highest Growth During the Forecast Period
Figure 11 APAC Accounted for the Largest Share of the Machine Vision Market in 2019
Figure 12 Increasing Demand From Food & Packaging Industry Driving the Machine Vision Market Growth
Figure 13 Smart Camera-Based Machine Vision Systems to Grow at Higher CAGR Than PC-Based During the Forecast Period
Figure 14 Market for Predictive Maintenance is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 15 China Accounted for the Largest Share of the APAC Machine Vision Market in 2019
Figure 16 APAC Held the Largest Share of the Machine Vision Market in 2019
Figure 17 Increasing Manufacturing of Hybrid and Electric Cars to Drive the Growth of the Machine Vision Market
Figure 18 Machine Vision Market: Drivers and Their Impact
Figure 19 Growth of Industrial Robotics, in Terms of Shipment, Between 2012 and 2018
Figure 20 Machine Vision Market Restraints and Their Impact
Figure 21 Underqualified Workers in Various Countries, in 2019
Figure 22 Machine Vision Market Opportunities and Their Impact
Figure 23 Increasing Demand for Hybrid and Electric Vehicles Between 2020 and 2040
Figure 24 Average Yearly Wages in the Manufacturing Sector in China
Figure 25 Machine Vision Market Challenges and Their Impact
Figure 26 General Machine Vision System to Hold the Major Market Share During the Forecast Period
Figure 27 Machine Vision Market for Software Component Expected to Grow at A Higher Rate During the Forecast Period
Figure 28 Smart Camera-Based Machine Vision System to Grow at A Higher Rate Between 2020 and 2025
Figure 29 Smart Camera-Based Machine Vision System Market in APAC to Register the Highest CAGR During the Forecast Period
Figure 30 Predictive Maintenance Expected to Register Highest Growth Rate Between 2020 and 2025
Figure 31 Automotive End-User Industry Estimated to Hold the Largest Size of the Machine Vision Market in 2020
Figure 32 Glass Production in Europe
Figure 33 Geographic Snapshot of the Machine Vision Market (2020–2025)
Figure 34 North America: Machine Vision Market Snapshot
Figure 35 Europe: Machine Vision Market Snapshot
Figure 36 APAC: Machine Vision Market Snapshot
Figure 37 RoW: Machine Vision Market Snapshot
Figure 38 Organic and Inorganic Strategies Adopted By Companies Operating in Machine Vision Market
Figure 39 Major Machine Vision Providers
Figure 40 Machine Vision Market (Global) Competitive Leadership Mapping, 2019
Figure 41 Cognex Corporation: Company Snapshot
Figure 42 Basler AG: Company Snapshot
Figure 43 Omron Corporation: Company Snapshot
Figure 44 Keyence: Company Snapshot
Figure 45 National Instruments: Company Snapshot
Figure 46 Sony Corporation: Company Snapshot
Figure 47 Teledyne Technologies: Company Snapshot
Figure 48 Texas Instruments: Company Snapshot
Figure 49 Intel Corporation: Company Snapshot
Figure 50 ISRA Vision AG: Company Snapshot
Figure 51 Sick AG: Company Snapshot
Figure 52 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
SE 5835
Published ON
Feb, 2020
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