Machine Vision Market

Machine Vision Market by Component (Hardware, Software), Deployment (General, Robotic Cells), Product (PC-based Machine Vision System, Smart Camera-based Machine Vision System), End-user Industry, Region – Global Forecast to 2027

Report Code: SE 5835 Nov, 2022, by marketsandmarkets.com

The machine vision market size is projected to grow from USD 12.0 billion in 2022 to USD 17.2 billion by 2027; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.4% from 2022 to 2027.

Machine vision systems offers several advantages such as fast response, a tailored approach, accurate information, and fewer redundancies—all of which are essential to achieving higher efficiency in an organization. Machine vision is considered as automated tool in industries for performing tasks such as quality assurance & inspection, positioning & guidance, identification, measurement, predictive maintenance. Increased demand for industrial automation across a range of industries, such as food & packaging, consumer electronics, electronics & semiconductors driving the growth of the market.

The objective of the report is to define, describe, and forecast the machine vision market based on product, component, deployment, end-user industry, and region.

Machine Vision Market

Machine Vision Market Forecast to 2027

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Machine Vision Market Dynamics

Growing demand for vision guided robotics system is to drive the machine vision market growth

The consumer electronic manufacturing company need multiple manpower for quality assurance, measurement of product, perfect positioning, & predictive maintenance, which can be automated by using vision guided robotics systems. A vision-guided robot is capable of working side-by-side with humans in a shared workspace, even without a protective fence, as it safely avoids any collision.

There has been a rapid increase in the use of industrial robots for automation in the automotive and consumer electronics sectors. This is leading to an increasing need for the integration of machine vision systems with vision-guided robot controllers.

Increase in demand for artificial intelligence (AI) in machine vision is to create high growth opportunities for the market

Artificial Intelligence based machine vision systems are capable of effortlessly finding and comparing defects with high variability.

AI-based solutions are adopted in manufacturing facilities to improve productivity by maximizing asset utilization, minimizing downtime, and improving machine efficiency and it is expected to enhance productivity through quality control by detecting defects and helping in the predictive maintenance of factory machinery. Moreover AI-based systems are capable of observing and learning from the past, acting in the present, and anticipating the future. Therefore the demand for AI in machine vision is to create high growth opportunities for the market.

Surging risk of cyber-attacks on industrial machine robots and devices is restraining the growth of market

There are some major threats such as data hacking and account hacking that can impact the performance of industrial robots. This will directly impact the adoption of the latest technology in this field, like AI machine vision and computer vision.

AI-based machine vision systems are subject to cyber-attacks, which can affect their effectiveness; we might face some cyber-attacks against it, which can lead to compromise accuracy, safety, and integrity, which can hamper to their effectiveness, and it can led to loss of monetory value due to defects in manufacturing process. That’s why risk of cyber -attacks on industrial machine robots and devices is restraining factor that is holding back growth of market.

Lack of user awareness about rapidly changing machine vision technology is a challenge for the growth of the market

The machine vision technology is rapidly changing and improving with AI-based solutions, Since most people are unaware of the functioning of this technology, business owners have to train their employees in the technical know-how of AI-based devices.

These rapidly changing technologies have resulted in an increase in the cost and time required for training. Poor programming of machine vision systems due to inadequate training can also produce inaccurate results. Because of these issues rapidly changing machine vision technology is a challenge for the growth of the market.

Machine Vision Market Segment Overview

Smart camera based machine vision system contributes largest market share throught the forecast period

A smart camera refers to an intelligent camera capable of performing supplementary functions such as autofocus, auto brightness etc., in addition to capturing images.

A smart camera-based system consists of an imager to capture images, an intelligent processor to process and analyze images, and input and output capabilities in a small/compact body. Also, advanced processors than pc-based cameras, with fast analytical capabilities are being integrated with smart cameras in machine vision systems.

Software component of Machine vision market to grow at a highest CAGR between 2022 and 2027

Software tools in a suite of industrial machine vision software provide an interface for production lines and cameras.

By deploying smart cameras with Linux OS, the programmer can maximize the productivity of a vision system at a lower price. Therefore, major companies are focusing on developing open system smart cameras so that system integrators can integrate the needed application software either from a third-party or open-source software provider.

Food & packaging industrial vertical to record for largest market share throughout the forecast period

Machine vision systems are used in food & packaging industry majorly for quality assurance purpose, positioning & guidance, measurement and identification. Vision systems are pre-trained with the required algorithms, which help them understand characteristics such as size, stage of growth, and variety.

The food industry provides several opportunities for the machine vision market, and several companies have responded by developing application-specific solutions in grading, sorting, portioning, processing, and quality checking during processing and packaging.

Market in Asia Pacific to grow significantly during the forecast period

Asia Pacific is considered to have the greatest number of manufacturing plants in the world. The demand for machine vision systems in Asia Pacific is expected to grow primarily due to the increasing adoption of robots and the extensive use of AI, ML and big data by manufacturing organizations in countries such as China, Japan, and South Korea.

The machine vision market in this region has been segmented into China, India, Japan, South Korea and Rest of Asia Pacific that mainly includes Australia, Russia, South Korea, and countries in Southeast Asia.

Machine Vision Market by Region

Machine Vision Market by Region

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Key Market Players in Machine Vision Industry

Cognex Corporation (US), Keyence (Japan), Teledyne Technologies (US), TKH GROUP (Germany), Basler (Germany), OMRON Corporation (Japan), NATIONAL INSTRUMENTS CORP (US), Intel Corporation (US).

Machine Vision Market Report Scope:

Report Metric

Details

Market Size Value in 2022  USD 12.0 Billion
Revenue Forecast in 2027  USD 17.2 Billion
Growth Rate  7.4%

Market size available for years

2018 - 2027

Base year

2021

Forecast period

2022 - 2027

Units

Value (USD Billion), Volume (Million Units)

Segments covered

  • Product,
  • component,
  • deployment,
  • end user industry,
  • geography.

Geographic regions covered

  • North America,
  • Europe,
  • Asia Pacific, and
  • RoW

Companies covered

  • Cognex Corporation (US),
  • Keyence (Japan),
  • Teledyne Technologies (US),
  • TKH GROUP (Germany),
  • Basler (Germany),
  • OMRON Corporation (Japan),
  • NATIONAL INSTRUMENTS CORP (US),
  • Intel Corporation (US). are the major players in the market.
    A total of 25 players are profiled in the report.

Machine Vision Market Highlights

This report categorizes the machine vision market based on product, component, deployment, application, end user industry, geography.

Aspect

Details

Machine Vision Market, by product:

  • PC-based machine vision system
  • Smart camera-based machine vision system

Machine Vision Market, by deployment:

  • General
  • Robotic cells

Machine Vision Market, by component:

  • Hardware
    • Camera
    • Optics
    • Frame grabber
    • Processors
    • Lighting
    • Others
  • Software

Machine Vision Market, by end-user industry:

  • Automative
  • Consumer electronics
  • Electronics & semiconductors
  • Printing
  • Metals
  • Wood & paper
  • Food & packaging
  • Rubber & plastic
  • Pharmaceuticals
  • Glass
  • Machinery
  • Solar panal manufacturing
  • Textile

Machine Vision Market, by region:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Others
  • Asia Pacific
    • Japan
    • China
    • South Korea
    • India
    • Rest of APAC
  • RoW
    • Middle East
    • South America
    • Afric

 

Recent Developments in Machine Vision Industry

  • In March 2021, Basler AG launched Embedded vision processing kit that includes various interfaces for image processing and allows the connection of different camera types. The kit includes the reliable pylon Camera Software Suite, which provides certified drivers for all types of camera interfaces, simple programming interfaces, and a comprehensive set of tools for camera setup.
  • In September 2021, KEYANCE launched High-resolution Camera, CV-X/XG-X Series of ultra-high resolution cameras, 64 mp camera significantly improves accuracy in conventional inspection. And the camera built-in angle sensor makes camera installation significantly easier and quickly detect camera misalignment during operation.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED
    1.5 UNITS CONSIDERED
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
           FIGURE 2 MACHINE VISION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
           FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE FROM SALES OF MACHINE VISION PRODUCTS AND SOLUTIONS
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                    2.2.1.1 Approach to capture market share using bottom-up analysis (demand side)
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 45)
    FIGURE 8 CAMERAS TO CONTINUE TO DOMINATE MACHINE VISION MARKET DURING FORECAST PERIOD
    FIGURE 9 GENERAL MACHINE VISION SYSTEMS TO ACCOUNT FOR LARGER MARKET SHARE THROUGHOUT FORECAST PERIOD
    FIGURE 10 FOOD & PACKAGING INDUSTRY TO REGISTER HIGHEST CAGR IN MACHINE VISION MARKET FROM 2022 TO 2027
    FIGURE 11 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF MACHINE VISION MARKET IN 2021

4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 MACHINE VISION MARKET, 2022–2027 (USD BILLION)
           FIGURE 12 GROWING DEMAND FOR AI MACHINE VISION DRIVING MACHINE VISION MARKET GROWTH
    4.2 MACHINE VISION MARKET, BY PRODUCT
           FIGURE 13 SMART CAMERA-BASED MACHINE VISION SYSTEMS TO WITNESS HIGHER CAGR DURING FORECAST PERIOD
    4.3 MACHINE VISION MARKET IN ASIA PACIFIC, BY END-USER INDUSTRY & COUNTRY, 2021
           FIGURE 14 CHINA ACCOUNTED FOR LARGEST SHARE OF MACHINE VISION MARKET IN ASIA PACIFIC IN 2021
    4.4 MACHINE VISION MARKET, BY REGION
           FIGURE 15 ASIA PACIFIC HELD LARGEST SHARE OF MACHINE VISION MARKET IN 2021

5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 16 MACHINE VISION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    FIGURE 17 MACHINE VISION MARKET: DRIVERS AND THEIR IMPACT
                    5.2.1.1 Growing need for quality control and automated inspection
                    5.2.1.2 Increasing demand for vision-guided robotic systems by manufacturing firms
                               FIGURE 18 GROWTH OF INDUSTRIAL ROBOTICS, IN TERMS OF GLOBAL OPERATIONAL STOCK, 2009–2019
                    5.2.1.3 Rising need for application-specific integrated circuits
           5.2.2 RESTRAINTS
                    FIGURE 19 MACHINE VISION MARKET RESTRAINTS AND THEIR IMPACT
                    5.2.2.1 Vulnerability of industrial robotic systems to cyberattacks
                    5.2.2.2 Unavailability of flexible machine vision solutions
                    5.2.2.3 Lack of skilled professionals in manufacturing factories
           5.2.3 OPPORTUNITIES
                    FIGURE 20 MACHINE VISION MARKET OPPORTUNITIES AND THEIR IMPACT
                    5.2.3.1 Surging demand for hybrid and electric cars
                               FIGURE 21 ESTIMATED SALES OF HYBRID AND ELECTRIC VEHICLES, 2020–2040
                               FIGURE 22 GLOBAL ELECTRIC VEHICLE MARKET, 2019 VS. 2027
                    5.2.3.2 Rising adoption of machine vision systems in food industry
                    5.2.3.3 Government initiatives to support industrial automation
                    5.2.3.4 Increasing use of AI-powered machine vision systems
                    5.2.3.5 Accelerating adoption of Industry 4.0
                    5.2.3.6 Emergence of miniature smart cameras and processors
                    5.2.3.7 Increasing use of vision-guided industrial robots, especially in China, to reduce labor costs
                               FIGURE 23 AVERAGE YEARLY WAGES IN MANUFACTURING SECTOR OF CHINA
           5.2.4 CHALLENGES
                    FIGURE 24 MACHINE VISION MARKET CHALLENGES AND THEIR IMPACT
                    5.2.4.1 Complexities associated with machine vision system integration
                    5.2.4.2 Lack of awareness about rapidly changing machine vision technology
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 25 VALUE CHAIN ANALYSIS: MACHINE VISION
    5.4 ECOSYSTEM
           FIGURE 26 MACHINE VISION MARKET ECOSYSTEM
           TABLE 1 ROLE OF COMPANIES IN ECOSYSTEM/VALUE CHAIN
    5.5 PRICING ANALYSIS
           TABLE 2 PRICING ANALYSIS FOR MACHINE VISION CAMERAS AND MODULES
           FIGURE 27 AVERAGE SELLING PRICE ANALYSIS OF MACHINE VISION CAMERAS
           TABLE 3 SUBSCRIPTION-BASED MACHINE VISION PRICING
           5.5.1 AVERAGE SELLING PRICE OF MACHINE VISION CAMERAS OFFERED BY KEY PLAYERS
                    FIGURE 28 AVERAGE SELLING PRICE OF MACHINE VISION CAMERAS OFFERED BY TOP 3 KEY PLAYERS
                    TABLE 4 AVERAGE SELLING PRICE OF MACHINE VISION CAMERAS OFFERED BY KEY PLAYERS, BY COMPONENT (USD)
    5.6 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESSES
           FIGURE 29 REVENUE SHIFT IN MACHINE VISION MARKET
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 1D MACHINE VISION
           5.7.2 2D MACHINE VISION
           5.7.3 3D MACHINE VISION
           5.7.4 CARTESIAN ROBOTS/INDUSTRIAL ROBOTICS
           5.7.5 INDUSTRIAL INTERNET OF THINGS AND AI
           5.7.6 LIQUID LENSES
           5.7.7 ROBOTIC VISION
           5.7.8 5G
    5.8 INDUSTRY TRENDS
    5.9 PORTER’S FIVE FORCES ANALYSIS
           TABLE 5 MACHINE VISION MARKET: PORTER’S FIVE FORCES ANALYSIS (2020)
           FIGURE 30 MACHINE VISION MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.9.1 COMPETITIVE RIVALRY
           5.9.2 THREAT OF NEW ENTRANTS
           5.9.3 BARGAINING POWER OF SUPPLIERS
           5.9.4 BARGAINING POWER OF BUYERS
           5.9.5 THREAT OF SUBSTITUTES
    5.1 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES
                     TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%)
           5.10.2 BUYING CRITERIA
                     FIGURE 32 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
                     TABLE 7 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES
    5.11 USE CASES
           5.11.1 COGNEX’S VIDI MACHINE VISION SYSTEM HELPED IN ENHANCING PART IDENTIFICATION ACCURACY
           5.11.2 VARTA USED VISIONPRO 3D TO ACHIEVE PRODUCTION SPEED AND PRODUCT QUALITY
           5.11.3 BDTI OFFERED HYBRID SOLUTION TO RESOLVE CLIENT’S PROBLEM
           5.11.4 NOVIO PACKAGING REACHED NEW LEVELS OF QUALITY WITH OMRON MACHINE VISION SYSTEM
    5.12 TRADE ANALYSIS
           FIGURE 33 EXPORT DATA FOR HS CODE, 2017–2021 (USD MILLION)
           FIGURE 34 IMPORT DATA FOR HS CODE, 2017–2021 (USD MILLION)
    5.13 PATENT ANALYSIS
           FIGURE 35 NUMBER OF PATENTS GRANTED FROM 2012 TO 2021
           FIGURE 36 TOP 10 PATENT APPLICANTS
           TABLE 8 TOP 20 PATENT OWNERS IN LAST 10 YEARS
           TABLE 9 IMPORTANT PATENTS RELATED TO MACHINE VISION
    5.14 KEY CONFERENCES AND EVENTS, 2022–2023
           TABLE 10 MACHINE VISION MARKET: CONFERENCES AND EVENTS, 2022–2023
    5.15 REGULATIONS AND STANDARDS
           5.15.1 NEGATIVE IMPACT OF TARIFF ON MACHINE VISION
           5.15.2 POSITIVE IMPACT OF TARIFF ON MACHINE VISION
           5.15.3 REGULATIONS
                    5.15.3.1 CAMERA
                               5.15.3.1.1 EMVA 1288
                               5.15.3.1.2 ASTM E57
                    5.15.3.2 LENS
           5.15.4 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 11 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 12 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

6 MACHINE VISION MARKET, BY COMPONENT (Page No. - 92)
    6.1 INTRODUCTION
           FIGURE 37 MACHINE VISION MARKET FOR SOFTWARE TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 14 MACHINE VISION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
           TABLE 15 MACHINE VISION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
    6.2 HARDWARE
           TABLE 16 MACHINE VISION MARKET, BY HARDWARE TYPE, 2018–2021 (USD MILLION)
           TABLE 17 MACHINE VISION MARKET, BY HARDWARE TYPE, 2022–2027 (USD MILLION)
           TABLE 18 MACHINE VISION HARDWARE MARKET FOR CAMERAS, IN TERMS OF VALUE AND VOLUME, 2018–2021
           TABLE 19 MACHINE VISION HARDWARE MARKET FOR CAMERAS, IN TERMS OF VALUE AND VOLUME, 2022–2027
           6.2.1 CAMERAS
                    6.2.1.1 Cameras principal component of machine vision systems
                               TABLE 20 CAMERAS: MACHINE VISION HARDWARE MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                               TABLE 21 CAMERAS: MACHINE VISION HARDWARE MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
                    6.2.1.2 Interface standards
                               6.2.1.2.1 USB 2.0
                               6.2.1.2.2 USB 3.0
                               6.2.1.2.3 Camera Link
                               6.2.1.2.4 Camera Link HS
                               6.2.1.2.5 GigE
                               6.2.1.2.6 10 GigE & 25 GigE bandwidth over GigE Vision
                               6.2.1.2.7 Others
                                            TABLE 22 CAMERAS: MACHINE VISION HARDWARE MARKET, BY INTERFACE STANDARD, 2018–2021 (USD MILLION)
                                            TABLE 23 CAMERAS: MACHINE VISION HARDWARE MARKET, BY INTERFACE STANDARD, 2022–2027 (USD MILLION)
                    6.2.1.3 Imaging spectrum
                               6.2.1.3.1 Visible light
                               6.2.1.3.2 Visible + IR/IR
                                            TABLE 24 CAMERAS: MACHINE VISION HARDWARE MARKET, BY IMAGING SPECTRUM, 2018–2021 (USD MILLION)
                                            TABLE 25 CAMERAS: MACHINE VISION HARDWARE MARKET, BY IMAGING SPECTRUM, 2022–2027 (USD MILLION)
                    6.2.1.4 Frame rate
                               6.2.1.4.1 Less than 25 frames per second
                               6.2.1.4.2 25–125 frames per second
                               6.2.1.4.3 More than 125 frames per second
                                            TABLE 26 CAMERAS: MACHINE VISION HARDWARE MARKET, BY FRAME RATE, 2018–2021 (USD MILLION)
                                            TABLE 27 CAMERAS: MACHINE VISION HARDWARE MARKET, BY FRAME RATE, 2022–2027 (USD MILLION)
                    6.2.1.5 Format
                               6.2.1.5.1 Line scan
                               6.2.1.5.2 Area scan
                                            TABLE 28 CAMERAS: MACHINE VISION HARDWARE MARKET, BY FORMAT, 2018–2021 (USD MILLION)
                                            TABLE 29 CAMERAS: MACHINE VISION HARDWARE MARKET, BY FORMAT, 2022–2027 (USD MILLION)
                    6.2.1.6 Sensor
                               6.2.1.6.1 CMOS
                    6.2.1.7 CCD
                               TABLE 30 CAMERAS: MACHINE VISION HARDWARE MARKET, BY SENSOR TYPE, 2018–2021 (USD MILLION)
                               TABLE 31 CAMERAS: MACHINE VISION HARDWARE MARKET, BY SENSOR TYPE, 2022–2027 (USD MILLION)
           6.2.2 FRAME GRABBERS
                    6.2.2.1 Deployed in machine vision systems to capture video frames digitally
           6.2.3 OPTICS
                    6.2.3.1 Camera lenses capture images on photographic films or other media to store images chemically or electronically
           6.2.4 LED LIGHTING
                    6.2.4.1 LED lighting conditions determine quality of images captured by machine vision cameras
           6.2.5 PROCESSORS
                    6.2.5.1 FPGA
                               6.2.5.1.1 FPGA uses arrays of programmable logic blocks to design desired logic
                    6.2.5.2 DSP
                               6.2.5.2.1 DSP has specially designed architecture to fetch multiple data and instructions simultaneously
                    6.2.5.3 Microcontroller and microprocessor
                               6.2.5.3.1 Microcontrollers and microprocessors designed for real-time applications
                    6.2.5.4 Vision processing unit
                               6.2.5.4.1 VPU fulfills growing need for faster processing and compact sizing for data generation in vision-related applications
                                            TABLE 32 MACHINE VISION HARDWARE MARKET, BY PROCESSOR TYPE, 2018–2021 (USD MILLION)
                                            TABLE 33 MACHINE VISION HARDWARE MARKET, BY PROCESSOR TYPE, 2022–2027 (USD MILLION)
    6.3 SOFTWARE
           TABLE 34 MACHINE VISION MARKET, BY SOFTWARE TYPE, 2018–2021 (USD MILLION)
           TABLE 35 MACHINE VISION MARKET, BY SOFTWARE TYPE, 2022–2027 (USD MILLION)
           6.3.1 TRADITIONAL SOFTWARE
                    6.3.1.1 Traditional software provide 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 design and train customized deep neural networks
                    6.3.2.2 Convolutional neural networks
                    6.3.2.3 Recurrent neural networks

7 MACHINE VISION MARKET, BY DEPLOYMENT (Page No. - 109)
    7.1 INTRODUCTION
           FIGURE 38 GENERAL MACHINE VISION SYSTEMS TO CONTINUE TO HOLD MAJOR MARKET SHARE DURING FORECAST PERIOD
           TABLE 36 MACHINE VISION MARKET, BY DEPLOYMENT, 2018–2021 (USD MILLION)
           TABLE 37 MACHINE VISION MARKET, BY DEPLOYMENT, 2022–2027 (USD MILLION)
    7.2 GENERAL
           7.2.1 GENERAL MACHINE VISION SYSTEMS TAKE ACCURATE PICTURES TO INSPECT MATERIALS AS THEY COME DOWN ASSEMBLY LINE
    7.3 ROBOTIC CELLS
           7.3.1 ROBOTICS CELLS ADOPTED IN MANUFACTURING PLANTS AND INTEGRATED WITH LOW-COST SMART CAMERAS AND PATTERN-MATCHING SOFTWARE

8 APPLICATIONS OF MACHINE VISION SYSTEMS (Page No. - 112)
    8.1 INTRODUCTION
    8.2 QUALITY ASSURANCE & INSPECTION
           8.2.1 MACHINE VISION SYSTEMS ENABLE ACCURATE AND FAST INSPECTIONS
    8.3 POSITIONING & GUIDANCE
           8.3.1 POSITIONING TOOLS, COORDINATE LOCATORS, AND PATTERN IDENTIFIERS DESIGNED TO INCREASE PRODUCTIVITY
    8.4 MEASUREMENT
           8.4.1 MACHINE VISION MEASUREMENT TOOLS, COMBINED WITH RIGHT OPTICS AND STABLE LIGHTING, PROVIDE PRECISION REPEATABILITY
    8.5 IDENTIFICATION
           8.5.1 VISION SYSTEMS READ VARIOUS CODES & ALPHANUMERIC CHARACTERS PRINTED ON PARTS
    8.6 PREDICTIVE MAINTENANCE
           8.6.1 PREDICTIVE MAINTENANCE CAN BE USEFUL DURING MACHINE DOWNTIME

9 MACHINE VISION MARKET, BY PRODUCT (Page No. - 116)
    9.1 INTRODUCTION
           FIGURE 39 SMART CAMERA-BASED MACHINE VISION SYSTEMS TO WITNESS HIGHER CAGR FROM 2022 TO 2027
           TABLE 38 MACHINE VISION MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
           TABLE 39 MACHINE VISION MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
    9.2 PC-BASED MACHINE VISION SYSTEMS
           9.2.1 PC-BASED MACHINE VISION SYSTEMS CAN DETECT UNEXPECTED VARIATIONS IN CERTAIN TASKS
    9.3 SMART CAMERA-BASED MACHINE VISION SYSTEMS
           9.3.1 SMART CAMERA-BASED MACHINE VISION SYSTEMS CONSIST OF EMBEDDED CONTROLLERS WITH INTEGRATED VISION SOFTWARE

10 MACHINE VISION MARKET, BY END-USER INDUSTRY (Page No. - 120)
     10.1 INTRODUCTION
             FIGURE 40 FOOD & PACKAGING END-USER INDUSTRY TO HOLD LARGEST SHARE OF MACHINE VISION MARKET IN 2027
             TABLE 40 MACHINE VISION MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 41 MACHINE VISION MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
     10.2 AUTOMOTIVE
             10.2.1 MACHINE VISION SYSTEMS OFFER HIGH ACCURACY IN BIN PICKING AND POSITIONING PARTS FOR ASSEMBLY
                        TABLE 42 AUTOMOTIVE: MACHINE VISION MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 43 AUTOMOTIVE: MACHINE VISION MARKET, BY REGION, 2022–2027 (USD MILLION)
                        TABLE 44 AUTOMOTIVE: MACHINE VISION MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                        TABLE 45 AUTOMOTIVE: MACHINE VISION MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
     10.3 ELECTRONICS & SEMICONDUCTOR
             10.3.1 MACHINE VISION SYSTEMS IMPROVE PRODUCT QUALITY AND INCREASE PRODUCTION VOLUME
                        TABLE 46 ELECTRONICS & SEMICONDUCTOR: MACHINE VISION MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 47 ELECTRONICS & SEMICONDUCTOR: MACHINE VISION MARKET, BY REGION, 2022–2027 (USD MILLION)
                        TABLE 48 ELECTRONICS & SEMICONDUCTOR: MACHINE VISION MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                        TABLE 49 ELECTRONICS & SEMICONDUCTOR: MACHINE VISION MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
     10.4 CONSUMER ELECTRONICS
             10.4.1 2D AND 3D MACHINE VISION SYSTEMS POWERFUL TECHNOLOGIES FOR ELECTRONIC ASSEMBLY APPLICATIONS
                        TABLE 50 CONSUMER ELECTRONICS: MACHINE VISION MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 51 CONSUMER ELECTRONICS: MACHINE VISION MARKET, BY REGION, 2022–2027 (USD MILLION)
                        TABLE 52 CONSUMER ELECTRONICS: MACHINE VISION MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                        TABLE 53 CONSUMER ELECTRONICS: MACHINE VISION MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
     10.5 GLASS
             10.5.1 MODERN MACHINE VISION TECHNOLOGY OFFERS EFFECTIVE QUALITY CHECKS OF GLASS PRODUCTS USED IN DIFFERENT APPLICATIONS
                        TABLE 54 GLASS: MACHINE VISION MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 55 GLASS: MACHINE VISION MARKET, BY REGION, 2022–2027 (USD MILLION)
                        TABLE 56 GLASS: MACHINE VISION MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                        TABLE 57 GLASS: MACHINE VISION MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
     10.6 METAL
             10.6.1 MACHINE VISION SYSTEMS ENHANCE PRODUCT QUALITY THROUGH 3D INSPECTION IN METAL INDUSTRY
                        TABLE 58 METAL: MACHINE VISION MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 59 METALS: MACHINE VISION MARKET, BY REGION, 2022–2027 (USD MILLION)
                        TABLE 60 METAL: MACHINE VISION MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                        TABLE 61 METAL: MACHINE VISION MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
     10.7 WOOD AND PAPER
             10.7.1 MACHINE VISION TECHNOLOGY USED TO SCAN BOARDS FOR KNOTS AND OTHER VISUAL DEFECTS IN DOORS OR WINDOWS
                        TABLE 62 WOOD & PAPER: MACHINE VISION MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 63 WOOD & PAPER: MACHINE VISION MARKET, BY REGION, 2022–2027 (USD MILLION)
                        TABLE 64 WOOD & PAPER: MACHINE VISION MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                        TABLE 65 WOOD & PAPER: MACHINE VISION MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
     10.8 PHARMACEUTICAL
             10.8.1 MACHINE VISION SYSTEMS USED TO DETECT DEFECTS AND ENSURE HIGH PRODUCT QUALITY
                        TABLE 66 PHARMACEUTICAL: MACHINE VISION MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 67 PHARMACEUTICAL: MACHINE VISION MARKET, BY REGION, 2022–2027 (USD MILLION)
                        TABLE 68 PHARMACEUTICAL: MACHINE VISION MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                        TABLE 69 PHARMACEUTICAL: MACHINE VISION MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
     10.9 FOOD AND PACKAGING
             10.9.1 FOOD
                        10.9.1.1 Machine vision systems use algorithms to understand characteristics such as size, growth stage, and variety of food
             10.9.2 PACKAGING
                        10.9.2.1 Machine vision helps reduce errors in inspection of packaging processes
                                     TABLE 70 FOOD & PACKAGING: MACHINE VISION MARKET, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 71 FOOD & PACKAGING: MACHINE VISION MARKET, BY REGION, 2022–2027 (USD MILLION)
                                     TABLE 72 FOOD & PACKAGING: MACHINE VISION MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                                     TABLE 73 FOOD & PACKAGING: MACHINE VISION MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
     10.1 RUBBER & PLASTIC
             10.10.1 MACHINE VISION SYSTEMS DESIGNED TO EXAMINE AND EVALUATE QUALITY OF PARTS
                        TABLE 74 RUBBER & PLASTIC: MACHINE VISION MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 75 RUBBER & PLASTIC: MACHINE VISION MARKET, BY REGION, 2022–2027 (USD MILLION)
                        TABLE 76 RUBBER & PLASTIC: MACHINE VISION MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                        TABLE 77 RUBBER & PLASTIC: MACHINE VISION MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
     10.11 PRINTING
             10.11.1 MACHINE VISION SYSTEMS ARE WIDELY USED IN LABEL PRINTERS
                        TABLE 78 PRINTING: MACHINE VISION MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 79 PRINTING: MACHINE VISION MARKET, BY REGION, 2022–2027 (USD MILLION)
                        TABLE 80 PRINTING: MACHINE VISION MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                        TABLE 81 PRINTING: MACHINE VISION MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
     10.12 MACHINERY
             10.12.1 MACHINE VISION SYSTEMS HELP IN COMPLETING PROCESSES FASTER, DETECTING DEFECTS, AND VALIDATING PRODUCT QUALITY
                        TABLE 82 MACHINERY: MACHINE VISION MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 83 MACHINERY: MACHINE VISION MARKET, BY REGION, 2022–2027 (USD MILLION)
                        TABLE 84 MACHINERY: MACHINE VISION MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                        TABLE 85 MACHINERY: MACHINE VISION MARKET, BY PRODUCT, 2022–2027 (USD MILLION)
     10.13 SOLAR PANEL MANUFACTURING
             10.13.1 INDUSTRIAL MACHINE VISION-BASED INSPECTION TOOLS EXAMINE QUALITY OF SOLAR PANELS
                        TABLE 86 SOLAR PANEL MANUFACTURING: MACHINE VISION MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 87 SOLAR PANEL MANUFACTURING: MACHINE VISION MARKET, BY REGION, 2022–2027 (USD MILLION)
                        TABLE 88 SOLAR PANEL MANUFACTURING: MACHINE VISION MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                        TABLE 89 SOLAR PANEL MANUFACTURING: MACHINE VISION, BY PRODUCT, 2022–2027 (USD MILLION)
     10.14 TEXTILE
             10.14.1 MACHINE VISION SYSTEMS HELP MANUFACTURERS PRODUCE HIGH-QUALITY TEXTILES WHILE MINIMIZING COSTS AND MAXIMIZING PROFITS
                        TABLE 90 TEXTILE: MACHINE VISION MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 91 TEXTILE: MACHINE VISION MARKET, BY REGION, 2022–2027 (USD MILLION)
                        TABLE 92 TEXTILE: MACHINE VISION MARKET, BY PRODUCT, 2018–2021 (USD MILLION)
                        TABLE 93 TEXTILE: MACHINE VISION MARKET, BY PRODUCT, 2022–2027 (USD MILLION)

11 GEOGRAPHIC ANALYSIS (Page No. - 146)
     11.1 INTRODUCTION
             FIGURE 41 GEOGRAPHIC SNAPSHOT OF MACHINE VISION MARKET (2022–2027)
             TABLE 94 MACHINE VISION MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 95 MACHINE VISION MARKET, BY REGION, 2022–2027 (USD MILLION)
     11.2 NORTH AMERICA
             FIGURE 42 NORTH AMERICA: MACHINE VISION MARKET SNAPSHOT
             TABLE 96 NORTH AMERICA: MACHINE VISION MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 97 NORTH AMERICA: MACHINE VISION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 98 NORTH AMERICA: MACHINE VISION MARKET BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 99 NORTH AMERICA: MACHINE VISION MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
             11.2.1 US
                        11.2.1.1 US offers ideal environment for innovation, which has facilitated massive advancements in machine vision technologies and standards
             11.2.2 CANADA
                        11.2.2.1 Canada among leading contributors in development of machine vision technologies
             11.2.3 MEXICO
                        11.2.3.1 Mexico evolving as major industrial hub in North America
     11.3 EUROPE
             FIGURE 43 EUROPE: MACHINE VISION MARKET SNAPSHOT
             TABLE 100 EUROPE: MACHINE VISION MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 101 EUROPE: MACHINE VISION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 102 EUROPE: MACHINE VISION MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 103 EUROPE: MACHINE VISION MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
             11.3.1 GERMANY
                        11.3.1.1 Increasing demand for robots in automotive and electronics industries
             11.3.2 UK
                        11.3.2.1 Manufacturers based in UK progressively considering machine vision systems to improve product quality
             11.3.3 FRANCE
                        11.3.3.1 France heavily focuses on aerospace & defense industry
             11.3.4 ITALY
                        11.3.4.1 Government-favorable initiatives for advanced manufacturing technologies
             11.3.5 SPAIN
                        11.3.5.1 Growth of market in Spain driven by consumer electronics and pharmaceutical industries
             11.3.6 REST OF EUROPE
     11.4 ASIA PACIFIC
             FIGURE 44 ASIA PACIFIC: MACHINE VISION MARKET SNAPSHOT
             TABLE 104 ASIA PACIFIC: MACHINE VISION MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
             TABLE 105 ASIA PACIFIC: MACHINE VISION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             TABLE 106 ASIA PACIFIC: MACHINE VISION MARKET, BY END–USER INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 107 ASIA PACIFIC: MACHINE VISION MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
             11.4.1 CHINA
                        11.4.1.1 China has robust export industry that manufactures products for global market
             11.4.2 JAPAN
                        11.4.2.1 Manufacturers in Japan have been early adopters of machine vision systems
             11.4.3 SOUTH KOREA
                        11.4.3.1 South Korea among leading manufacturers of robots in world
             11.4.4 INDIA
                        11.4.4.1 Machine vision among important systems required for industrial automation in manufacturing sector
             11.4.5 REST OF ASIA PACIFIC
     11.5 ROW
             TABLE 108 ROW: MACHINE VISION MARKET, BY REGION, 2018–2021 (USD MILLION)
             TABLE 109 ROW: MACHINE VISION MARKET, BY REGION, 2022–2027 (USD MILLION)
             TABLE 110 ROW: MACHINE VISION MARKET, BY END-USER INDUSTRY, 2018–2021 (USD MILLION)
             TABLE 111 ROW: MACHINE VISION MARKET, BY END-USER INDUSTRY, 2022–2027 (USD MILLION)
             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 Increasing manufacturing activities in Israel, Middle East, and North Africa to boost market
             11.5.3 AFRICA
                        11.5.3.1 Growing production in food & beverage, automotive, and pharmaceutical industries driving market growth

12 COMPETITIVE LANDSCAPE (Page No. - 165)
     12.1 OVERVIEW
     12.2 STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN
             TABLE 112 OVERVIEW OF STRATEGIES DEPLOYED BY MACHINE VISION OEMS
     12.3 COMPANY REVENUE ANALYSIS, 2017–2021
             TABLE 113 REVENUE ANALYSIS OF TOP FIVE PLAYERS RELATED TO MACHINE VISION SEGMENT, 2017–2021 (USD MILLION)
             FIGURE 45 5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS, 2017–2021
     12.4 MARKET SHARE ANALYSIS, 2021
             TABLE 114 MACHINE VISION MARKET: DEGREE OF COMPETITION
     12.5 COMPANY EVALUATION QUADRANT
             12.5.1 STARS
             12.5.2 PERVASIVE PLAYERS
             12.5.3 EMERGING LEADERS
             12.5.4 PARTICIPANTS
                        FIGURE 46 MACHINE VISION MARKET: KEY COMPANY EVALUATION QUADRANT, 2021
     12.6 MACHINE VISION MARKET: COMPANY FOOTPRINT
             TABLE 115 COMPANY FOOTPRINT
             TABLE 116 COMPANY APPLICATION FOOTPRINT
             TABLE 117 COMPANY PRODUCT FOOTPRINT
             TABLE 118 COMPANY REGION FOOTPRINT
     12.7 START-UP/SME EVALUATION QUADRANT
             12.7.1 PROGRESSIVE COMPANIES
             12.7.2 RESPONSIVE COMPANIES
             12.7.3 DYNAMIC COMPANIES
             12.7.4 STARTING BLOCKS
                        FIGURE 47 MACHINE VISION MARKET: START-UP/SME EVALUATION QUADRANT, 2021
     12.8 COMPETITIVE SITUATIONS AND TRENDS
             12.8.1 MACHINE VISION MARKET: PRODUCT LAUNCHES, 2020–2022
             12.8.2 MACHINE VISION MARKET: DEALS, 2019–2022

13 COMPANY PROFILES (Page No. - 182)
(Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 
     13.1 KEY PLAYERS
             13.1.1 COGNEX CORPORATION
                        TABLE 119 COGNEX CORPORATION: BUSINESS OVERVIEW
                        FIGURE 48 COGNEX CORPORATION: COMPANY SNAPSHOT
                        TABLE 120 COGNEX CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             13.1.2 KEYENCE CORPORATION
                        TABLE 121 KEYENCE CORPORATION: BUSINESS OVERVIEW
                        FIGURE 49 KEYENCE CORPORATION: COMPANY SNAPSHOT
                        TABLE 122 KEYENCE CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             13.1.3 TELEDYNE TECHNOLOGIES
                        TABLE 123 TELEDYNE TECHNOLOGIES: BUSINESS OVERVIEW
                        FIGURE 50 TELEDYNE TECHNOLOGIES: COMPANY SNAPSHOT
                        TABLE 124 TELEDYNE TECHNOLOGIES: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             13.1.4 TKH GROUP
                        TABLE 125 TKH GROUP: BUSINESS OVERVIEW
                        FIGURE 51 TKH GROUP: COMPANY SNAPSHOT
                        TABLE 126 TKH GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             13.1.5 BASLER AG
                        TABLE 127 BASLER AG: BUSINESS OVERVIEW
                        FIGURE 52 BASLER AG: COMPANY SNAPSHOT
                        TABLE 128 BASLER AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             13.1.6 OMRON CORPORATION
                        TABLE 129 OMRON CORPORATION: BUSINESS OVERVIEW
                        FIGURE 53 OMRON CORPORATION: COMPANY SNAPSHOT
                        TABLE 130 OMRON CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             13.1.7 NATIONAL INSTRUMENTS
                        TABLE 131 NATIONAL INSTRUMENTS: BUSINESS OVERVIEW
                        FIGURE 54 NATIONAL INSTRUMENTS: COMPANY SNAPSHOT
                        TABLE 132 NATIONAL INSTRUMENTS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             13.1.8 SONY CORPORATION
                        TABLE 133 SONY CORPORATION: BUSINESS OVERVIEW
                        FIGURE 55 SONY CORPORATION: COMPANY SNAPSHOT
                        TABLE 134 SONY CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             13.1.9 TEXAS INSTRUMENTS
                        TABLE 135 TEXAS INSTRUMENTS: BUSINESS OVERVIEW
                        FIGURE 56 TEXAS INSTRUMENTS: COMPANY SNAPSHOT
                        TABLE 136 TEXAS INSTRUMENTS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             13.1.10 INTEL CORPORATION
                        TABLE 137 INTEL CORPORATION: BUSINESS OVERVIEW
                        FIGURE 57 INTEL CORPORATION: COMPANY SNAPSHOT
                        TABLE 138 INTEL CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             13.1.11 ATLAS COPCO
                        TABLE 139 ATLAS COPCO: BUSINESS OVERVIEW
                        FIGURE 58 ATLAS COPCO: COMPANY SNAPSHOT
                        TABLE 140 ATLAS COPCO: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             13.1.12 SICK AG
                        TABLE 141 SICK AG: BUSINESS OVERVIEW
                        FIGURE 59 SICK AG: COMPANY SNAPSHOT
                        TABLE 142 SICK AG: PRODUCTS/SERVICES/SOLUTIONS OFFERED
             13.1.13 MICROSOFT
                        TABLE 143 MICROSOFT: BUSINESS OVERVIEW
                        FIGURE 60 MICROSOFT: COMPANY SNAPSHOT
                        TABLE 144 MICROSOFT: PRODUCTS/SERVICES/SOLUTIONS OFFERED
     13.2 OTHER PLAYERS
             13.2.1 AMETEK, INC.
             13.2.2 QUALITAS TECHNOLOGIES
             13.2.3 BAUMER OPTRONIC
             13.2.4 ALGOLUX
             13.2.5 TORDIVEL AS
             13.2.6 INUITIVE
             13.2.7 MVTEC SOFTWARE GMBH
             13.2.8 JAI A/S
             13.2.9 INDUSTRIAL VISION SYSTEMS LTD.
             13.2.10 IVISYS
             13.2.11 USS VISION LLC
             13.2.12 OPTOTUNE
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 

14 ADJACENT & RELATED MARKET (Page No. - 245)
     14.1 INTRODUCTION
     14.2 LIMITATIONS
     14.3 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY
             TABLE 145 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY, 2018–2021 (USD MILLION)
             TABLE 146 SMART MANUFACTURING MARKET, BY INFORMATION TECHNOLOGY, 2022–2027 (USD MILLION)
     14.4 HUMAN-MACHINE INTERFACE
     14.5 PLANT ASSET MANAGEMENT
     14.6 MANUFACTURING EXECUTION SYSTEMS
     14.7 WAREHOUSE MANAGEMENT SYSTEMS

15 APPENDIX (Page No. - 249)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 CUSTOMIZATION OPTIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The study involved four major activities in estimating the size for machine vision market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various sources were referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, machine vision-related journals, and certified publications; articles by recognized authors; gold and silver standard websites; and directories.

Secondary research was mainly conducted to obtain key information about the market value chain, the industry supply chain, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, and key developments from both market- and technology-oriented perspectives. Data from secondary research was collected and analyzed to arrive at the overall market size, which was further validated by primary research.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the machine vision market through secondary research. Several primary telephonic interviews have been conducted with key opinion leaders from the demand- and supply-side vendors across four major regions-North America, Europe, Asia Pacific, and the Rest of the World (RoW). Moreover, questionnaires and emails were also used to collect the data.

Machine Vision Market Size, and Share

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

Market Size Estimation

In this report for the complete market engineering process, both top-down and bottom-up approaches were used, along with several data triangulation methods, to estimate, forecast and validate the size of the market and its segments and subsegments listed in the report. Extensive qualitative and quantitative analyses were carried out to list the key information/insights pertaining to machine vision market.

Major players in the machine vision market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. The entire research methodology included the study of annual and financial reports of top players and interviews with experts (such as CEOs, VPs, directors, and marketing executives) for key insights (quantitative and qualitative). All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. This data was consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Machine Vision Market: Bottom-Up Approach

Machine Vision Market Size, and Bottom-Up Approach

Machine Vision Market: Top-Down Approach

Machine Vision Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall size of the machine vision market from the estimation process explained above, the total market was split into several segments and subsegments. The market breakdown and data triangulation procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Report Objectives

  • To define, describe, and forecast the size of the global machine vision market, by deployment, component, product, end-user industry, and region, in terms of value
  • To forecast the market size of various segments with respect to 4 regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), in terms of value
  • To forecast the machine vision market size in terms of volume
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the machine vision market
  • To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall machine vision market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the machine vision market
  • To provide details of the competitive landscape for the market leaders
  • To profile key players in the machine vision market and comprehensively analyze their market rankings in terms of revenue, share, and core competencies
  • To analyze growth strategies such as product launches, announcements, acquisitions, partnerships, and agreements adopted by major players in the machine vision market
  • To estimate, forecast, and analyze the penetration of machine vision systems in the market from 2022 to 2027 and verify this analysis through secondary and primary research

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Product Analysis

  • Detailed analysis and profiling of additional market players
Report Code
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