Machine Vision Market

Machine Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor), Software (Deep Learning and Traditional software)), Product (PC Based and Smart Camera Based), Application, End-User Industry - Global Forecasts to 2024

The machine vision market is expected to reach USD 14.0 billion by 2024 from an estimated USD 9.9 billion in 2019, at a CAGR of 7.1% from 2019 to 2024. The recent advancements in imaging technology such as deep learning software, liquid lens, vision processing unit, 360-degree camera, hyperspectral imaging, and hybrid image sensor and the growing demand for artificial intelligence play a significant role in the growth of the market.

Industrial Machine Vision Market

Software component expected to grow at higher CAGR than hardware during forecast period

The integration of AI-based deep learning software in machine vision is expected to fuel the growth of the machine vision market for software during the forecast period. Deep learning-based machine vision software helps in minimizing human intervention and provides real-time solutions by distinguishing the acceptable variations in products and the defects in manufacturing industries. The growing integration of edge computing using AI is also leading software companies to enter into partnerships and collaborations with manufacturers of processors and smart cameras.

Smart camera-based to grow at higher CAGR than PC-based system in machine vision market during forecast period

The penetration of smart camera-based machine vision systems is likely to increase during the forecast period. Smart cameras are designed with open embedded processing technology which eliminates certain peripheral devices. They are cost-effective, compact, and flexible. Currently, PC-based machine vision systems dominate the market, but this trend is expected to change with the advancements in smart camera technology and IoT, which can be easily integrated with smart cameras.

Automotive end-user industry accounted for the largest share of the machine vision market in 2018.

Machine vision technology has a range of applications in the automobile industry; it is used in almost every phase of the production process for the detection of defects and to align and assemble parts. The customized point & click interface of machine vision technology makes it easy for system operators to carry out quality inspection. The increasing production of hybrid and electric vehicles is expected to provide growth opportunities for the market in the automotive industry.

Industrial Machine Vision Market

APAC estimated to hold largest share of machine vision market in 2019

APAC is the major revenue-generating region in the global machine vision market. APAC countries such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation has been increasingly implemented. In addition, 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 players in the market include Cognex Corporation (US), Basler AG (Germany), Omron Corporation (Japan), Keyence Corporation (Japan), National Instruments (US), Sony Corporation (Japan), Teledyne Technologies, Inc. (US), Allied Vision Technologies GmbH (Germany), Texas Instruments, Inc. (US), Intel Corporation (US), Baumer Optronic GmbH (Germany), JAI A/S (Denmark), MVTec Software (Germany), Tordivel AS (Norway), ISRA VISION (Germany), Sick (Germany), FLIR Systems (US), AMETEK (US), Qualitas Technologies (India), SUALAB (South Korea), Cadence Design Systems, Inc. (US), CEVA, Inc. (US), and Inuitive (Israel). These market players have adopted growth strategies such as product launches & developments, mergers & acquisitions, contracts, partnerships, and agreements to develop and introduce new technologies and products in the machine vision market.

Scope of the Report:

Report Metric

Details

Report Name

Machine Vision Market | Industrial Machine Vision Market  

Base year

2018

Forecast period

2019-2024

Forecast units

Value in terms of USD million and billion

Segments covered

by Component, Software, Product & Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Cognex Corporation (US), Basler AG (Germany), Omron Corporation (Japan), Keyence Corporation (Japan), National Instruments (US), Sony Corporation (Japan), Teledyne Technologies, Inc. (US), Allied Vision Technologies GmbH (Germany), Texas Instruments, Inc. (US), Intel Corporation (US), Baumer Optronic GmbH (Germany), JAI A/S (Denmark), MVTec Software (Germany), Tordivel AS (Norway), ISRA VISION (Germany), Sick (Germany), FLIR Systems (US), AMETEK (US), Qualitas Technologies (India), SUALAB (South Korea), Cadence Design Systems, Inc. (US), CEVA, Inc. (US)

Major market developments

  • In November 2018, Keyence launched new Multi-Spectrum Vision System CV-X Series.
  •  In July 2018, OMRON announced the global release of its new FHV7-series Smart Camera.
  • In October 2018, Basler expanded the portfolio of its most successful camera series by four new, high-resolution ace U models with the Sony IMX183 sensor.

Key questions addressed by the report

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming industrial trends in the machine vision market?
  • What are the opportunities for various existing players as well as those planning to enter the market at various stages of the value chain?
  • How inorganic growth strategies implemented by key players will impact the growth rate of the market, and who will have the undue advantage?
  • What is the current investment trends in the market?

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, 2015–2024 (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 Market, By Component (Page No. - 50)
    6.1 Introduction
    6.2 Hardware
           6.2.1 Cameras
                    6.2.1.1 Interface Standards
                               6.2.1.1.1 USB 2.0/USB 3.0
                               6.2.1.1.2 Camera Link
                               6.2.1.1.3 Gige
                               6.2.1.1.4 Coaxpress
                               6.2.1.1.5 Others (EMVA-1288, Firewire, Genicam)
                    6.2.1.2 By Frame Rate
                               6.2.1.2.1 <25 FPS
                               6.2.1.2.2 25–125 FPS
                               6.2.1.2.3 More Than 125 FPS
                    6.2.1.3 By Format
                               6.2.1.3.1 Line Scan
                               6.2.1.3.2 Area Scan
                    6.2.1.4 By Sensor Type
                               6.2.1.4.1 CMOS
                               6.2.1.4.2 CCD
           6.2.2 Frame Grabbers
                    6.2.2.1 Frame Grabbers are Mainly Used for Capturing High-Resolution Images
           6.2.3 Optics
                    6.2.3.1 There is Growing Popularity of 360-Degree Optics and Liquid Lens in Machine Vision
           6.2.4 LED Lighting
                    6.2.4.1 LED Lighting Conditions Enhanced the Image Quality 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 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 Market, By Product (Page No. - 63)
    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 Performs Multiple Functions Without Manual Assistance By Utilizing A Processor and Computational Intelligence.

8 Machine Vision Market, By Application (Page No. - 81)
    8.1 Introduction
    8.2 Quality Assurance & Inspection
           8.2.1 Quality Assurance Application Dominates the Market
    8.3 Positioning & Guidance
           8.3.1 Robots Plays an Important Role in Positioning and Guidance System in Machine Vision.
    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 Market, By End-Use Industry (Page No. - 87)
    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 Demand for Machine Vision Systems in the Electronics & Semiconductor Industry is Increasing Because of the Declining Prices of Electronic Chips and the High Production
    9.4 Consumer Electronics
           9.4.1 3D Machine Vision Systems are Emerging as Powerful Technologies for Electronics Assembly Applications.
           9.5.1 Machine Vision Improves Operational Efficiency, Traces Defects, Reduces Wastage, and Provides Detailed Statistical Information.
    9.6 Metals
           9.6.1 Shortage of Skilled Labour in the Market are the Two Major Factors Responsible for the Increasing Adoption of Machine Vision in the Metals Industry.
    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 Stringent Government Regulations and the Increasing Need to Combat Counterfeit Products are Driving the Growth of the Market in This Industry
    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 in Rubber and Plastic Industry Helps in Examine and Evaluate Parts and Determine If the Parts are Good, Bad, Or Undefined.
    9.11 Printing
           9.11.1 Machine Vision 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. - 100)
     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 Government Support Towards Smart Factory Automation is Expected to Boost Market
             10.3.4 Italy
                        10.3.4.1 The Market for Electric Vehicles in Italy is Expected to Boost the Market.
             10.3.5 Spain
                        10.3.5.1 The Growth of the Market in Spain is Driven By Consumer Electronics and Pharmaceuticals Industries.
             10.3.6 Rest of Europe
                        10.3.6.1 The Use of Smart Camera-Based Machine Vision Systems is Expected to Increase in the Region During the Forecasted Period
     10.4 Asia Pacific (APAC)
             10.4.1 China
                        10.4.1.1 China is One Off the Fastest Growing Market for Machine Vision
             10.4.2 Japan
                        10.4.2.1 Manufacturers in Japan Have Been Early Adopters of Machine Vision Systems
             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 is A Key Growth Driver for This Market.
             10.5.3 Africa
                        10.5.3.1 Increasing in Food & Beverage, Automotive and Pharmaceutical Industries is Key Driver of Growth of Market.

11 Competitive Landscape (Page No. - 114)
     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
     11.4 Strength of Product Portfolio (25 Companies)
     11.5 Business Strategy Excellence (25 Companies)
     11.6 Competitive Scenario
             11.6.1 Product Launches and Developments
             11.6.2 Partnerships, Collaborations, and Agreements
             11.6.3 Mergers & Acquisitions

12 Company Profile (Page No. - 125)
     12.1 Key Players
(Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis)*
             12.1.1 Cognex
             12.1.2 Basler
             12.1.3 Omron
             12.1.4 Keyence
             12.1.5 National Instruments
             12.1.6 Sony
             12.1.7 Teledyne Technologies
             12.1.8 Texas Instruments
             12.1.9 Intel
             12.1.10 Baumer Optronic
             12.1.11 JAI A/S
             12.1.12 Mvtec Software
             12.1.13 Tordivel As
             12.1.14 Isra Vision
             12.1.15 Sick
             12.1.16 Flir Systems
     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

*Business Overview, Products Offered, Recent Developments, MnM View, SWOT Analysis Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 168)
     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 (71 Tables)

Table 1 Assumptions for Research Study
Table 2 Machine Vision Market, By Component, 2015–2024 (USD Billion)
Table 3 Market, By Hardware, 2015–2024 (USD Million)
Table 4 Market for Cameras in Terms of Value and Volume, 2015–2024
Table 5 Market, By Type, 2015–2024 (USD Million)
Table 6 Market for Cameras, By Type, 2015–2024 (Million Units)
Table 7 Market for Cameras, By Interface Standard, 2015–2024 (USD Million)
Table 8 Market for Cameras, By Frame Rate, 2015–2024 (USD Million)
Table 9 Market for Cameras, By Format, 2015–2024 (USD Million)
Table 10 Market for Cameras, By Sensor Type, 2015–2024 (USD Million)
Table 11 Market, By Processor, 2015–2024 (USD Million)
Table 12 Market, By Software, 2015–2024 (USD Million)
Table 13 Market, By Product, 2015–2024 (USD Billion)
Table 14 PC-Based Machine Vision Systems Market, By Region, 2015–2024 (USD Million)
Table 15 PC-Based Machine Vision Systems Market, By End-Use Industry, 2015–2024 (USD Million)
Table 16 PC-Based Machine Vision Systems Market in Automotive Industry, By Region, 2015–2024 (USD Million)
Table 17 PC-Based Machine Vision Systems Market in Consumer Electronics Industry, By Region, 2015–2024 (USD Million)
Table 18 PC-Based Machine Vision Systems Market in Electronics & Semiconductor Industry, By Region, 2015–2024 (USD Million)
Table 19 PC-Based Machine Vision Systems Market in Printing Industry, By Region, 2015–2024 (USD Million)
Table 20 PC-Based Machine Vision Systems Market in Metals Industry, By Region, 2015–2024 (USD Million)
Table 21 PC-Based Machine Vision Systems Market in Wood & Paper Industry, By Region, 2015–2024 (USD Million)
Table 22 PC-Based Machine Vision Systems Market in Food & Packaging Industry, By Region, 2015–2024 (USD Million)
Table 23 PC-Based Machine Vision Systems Market in Rubber & Plastics Industry, By Region, 2015–2024 (USD Million)
Table 24 PC-Based Machine Vision Systems Market in Pharmaceuticals Industry, By Region, 2015–2024 (USD Million)
Table 25 PC-Based Machine Vision Systems Market in Glass Industry, By Region, 2015–2024 (USD Million)
Table 26 PC-Based Machine Vision Systems Market in Machinery Industry, By Region, 2015–2024 (USD Million)
Table 27 PC-Based Machine Vision Systems Market in Solar Panel Manufacturing Industry, By Region, 2015–2024 (USD Million)
Table 28 PC-Based Machine Vision Systems Market in Textile Manufacturing Industry, By Region, 2015–2024 (USD Million)
Table 29 Smart Camera-Based Machine Vision Systems Market, By Region, 2015–2024 (USD Million)
Table 30 Smart Camera-Based Machine Vision Systems Market, By End-Use Industry, 2015–2024 (USD Million)
Table 31 Smart Camera-Based Machine Vision Systems Market in Automotive Industry, By Region, 2015–2024 (USD Million)
Table 32 Smart Camera-Based Machine Vision Systems Market in Consumer Electronics Industry, By Region, 2015–2024 (USD Million)
Table 33 Smart Camera-Based Machine Vision Systems Market in Electronics & Semiconductor Industry, By Region, 2015–2024 (USD Million)
Table 34 Smart Camera-Based Machine Vision Systems Market in Printing Industry, By Region, 2015–2024 (USD Million)
Table 35 Smart Camera-Based Machine Vision Systems Market in Metals Industry, By Region, 2015–2024 (USD Million)
Table 36 Smart Camera-Based Machine Vision Systems Market in Wood & Paper Industry, By Region, 2015–2024 (USD Million)
Table 37 Smart Camera-Based Machine Vision Systems Market in Food & Packaging Industry, By Region, 2015–2024 (USD Million)
Table 38 Camera-Based Machine Vision Systems Market in Rubber & Plastics Industry, By Region, 2015–2024 (USD Million)
Table 39 Smart Camera-Based Machine Vision Systems Market in Pharmaceuticals Industry, By Region, 2015–2024 (USD Million)
Table 40 Smart Camera-Based Machine Vision Systems Market in Glass Industry, By Region, 2015–2024 (USD Million)
Table 41 Smart Camera-Based Machine Vision Systems Market in Machinery Industry, By Region, 2015–2024 (USD Million)
Table 42 Smart Camera-Based Machine Vision Systems Market in Solar Panel Manufacturing Industry, By Region, 2015–2024 (USD Million)
Table 43 Smart Camera-Based Machine Vision Systems Market in Textiles Industry, By Region, 2015–2024 (USD Million)
Table 44 Machine Vision Market, By Application, 2015–2024 (USD Billion)
Table 45 Market in Quality Assurance & Inspection, By Product, 2015–2024 (USD Million)
Table 46 Market in Positioning & Guidance, By Product, 2015–2024 (USD Million)
Table 47 Market in Measurement, By Product, 2015–2024 (USD Million)
Table 48 Market in Identification, By Product, 2015–2024 (USD Million)
Table 49 Market in Predictive Maintenance, By Product, 2015–2024 (USD Million)
Table 50 Market, By End-Use Industry, 2015–2024 (USD Million)
Table 51 Market in Automotive Industry, By Region, 2015–2024 (USD Million)
Table 52 Market in Electronics & Semiconductor Industry, By Region, 2015–2024 (USD Million)
Table 53 Market in Consumer Electronics Industry, By Region, 2015–2024 (USD Million)
Table 54 Market in Glass Industry, By Region, 2015–2024 (USD Million)
Table 55 Market in Metals Industry, By Region, 2015–2024 (USD Million)
Table 56 Market in Wood & Paper Industry, By Region, 2015–2024 (USD Million)
Table 57 Market in Pharmaceuticals Industry, By Region, 2015–2024 (USD Million)
Table 58 Market in Food & Packaging Industry, By Region, 2015–2024 (USD Million)
Table 59 Market in Rubber & Plastics Industry, By Region, 2015–2024 (USD Million)
Table 60 Machine Vision Market in Printing Industry, By Region, 2015–2024 (USD Million)
Table 61 Market in Machinery Industry, By Region, 2015–2024 (USD Million)
Table 62 Market in Solar Panel Manufacturing Industry, By Region, 2015–2024 (USD Million)
Table 63 Market in Textiles Industry, By Region, 2015–2024 (USD Million)
Table 64 Market, By Region, 2015–2024 (USD Billion)
Table 65 Market in North America, By Country, 2015–2024 (USD Million)
Table 66 Market in Europe, By Country, 2015–2024 (USD Million)
Table 67 Market in APAC, By Country, 2015–2024 (USD Million)
Table 68 Market in RoW, By Region, 2015–2024 (USD Million)
Table 69 Product Launches and Developments (2016–2018)
Table 70 Partnerships, Collaborations, and Agreements (2016–2018)
Table 71 Mergers & Acquisitions (2016–2017)


List of Figures (42 Figures)

Figure 1 Machine Vision Market 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 Machine Vision 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 Machine Vision 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 Machine Vision 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 Machine Vision Market in 2019
Figure 23 Geographic Snapshot of the Market (2019–2024)
Figure 24 Snapshot of the Machine Vision 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 Top 5 Players in the Machine Vision Market, 2018
Figure 29 Market (Global) Competitive Leadership Mapping, 2018
Figure 30 Market Evaluation Framework: New Product Development, New Product Launch, and Product Line Expansion Have Fueled Growth and Innovation Between 2016 and 2018
Figure 31 Cognex: Company Snapshot
Figure 32 Basler: Company Snapshot
Figure 33 Omron: Company Snapshot
Figure 34 Keyence: Company Snapshot
Figure 35 National Instruments: Company Snapshot
Figure 36 Sony: Company Snapshot
Figure 37 Teledyne Technologies: Company Snapshot
Figure 38 Texas Instruments: Company Snapshot
Figure 39 Intel: Company Snapshot
Figure 40 Isra Vision: Company Snapshot
Figure 41 Sick: Company Snapshot
Figure 42 Flir Systems: Company Snapshot

The study involved 4 major activities in estimating the current size of the machine vision market. Exhaustive secondary research was done to collect information about the market being studied, along with its peer and parent markets. The next step was to validate these findings, assumptions, and sizing, with industry experts across the value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources—such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet—were referred for identifying and collecting information for this study. The other secondary sources used during the study included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard and silver standard websites, regulatory bodies, trade directories, and databases.

Primary Research

Stakeholders in the machine vision market include raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the automotive, food & packaging, consumer electronics, electronics & semiconductor, and pharmaceuticals, among other end-use industries. The supply side highlights the advancements in technology and diverse use cases. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents has been provided below.

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 were implemented to estimate and validate the total size of the machine vision market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size has been mentioned in brief below:

  • Key players in the industry 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, the data triangulation and market breakdown procedures were employed, wherever applicable. The data were triangulated by studying various factors and trends from both the demand and supply sides in the automotive, food & packaging, consumer electronics, and pharmaceuticals, among other end-use industries.

Report Objective

  • To define, describe, and forecast the machine vision market, in terms of value, segmented on the basis of component, product, application, end-use industry, and geography
  • To define, describe, and forecast the market size, in terms of volume, for cameras components
  • To forecast the market size, in terms of value, for various segments with regard to 4 main regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To provide a detailed overview of the value chain pertaining to the machine vision market
  • To analyze opportunities in the market for various stakeholders by identifying high-growth segments of the market
  • To profile the key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
  • To analyze competitive developments such as partnerships, mergers & acquisitions, product launches & developments, and expansions in the machine vision market

Scope of Report

Report Metric

Details

Market size available for years

2015–2024

Base year considered

2018

Forecast period

2019–2024

Market size units (value)

USD Billion

Segments covered

Component, product, application, end-use industry, and geography

Regions covered

North America, Asia Pacific, Europe, and Rest of the World

Companies Covered

Cognex Corporation (US), Basler AG (Germany), Omron Corporation (Japan), Keyence Corporation (Japan), National Instruments (US), Sony Corporation (Japan), Teledyne Technologies, Inc. (US); Total 23 ecosystem players have been covered.

This research report categorizes the machine vision market based on component, product, application, end-use industry, and geography.

On the basis of component, the machine vision market has been segmented as follows:

  • Hardware
    • Cameras
      • Frame Rates
      • Formats
      • Standards
      • Sensors
    • Frame Grabbers
    • Optics
    • LED Lighting
    • Processors
      • FPGA
      • DSP
      • Microcontrollers & Microprocessors
      • VPU
    • Others (Interfaces, Cables, and Communication Accessories)
  • Software
    • Traditional Software
    • Deep Learning Software

On the basis of Product, the machine vision market has been segmented as follows:

  • PC-based
  • Smart Camera-based

On the basis of Application, the machine vision market has been segmented as follows:

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

On the basis of End-Use Industry, the machine vision market has been segmented as follows:

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

On the basis of Region, the machine vision market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)

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 on the basis of various blocks of the value chain
  • Product matrix:
  • Provides detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 5835
Published ON
May, 2019
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