North America Machine Vision Market by Component (Cameras, Frame Grabbers, Optics, LED Lighting, Processors, AI-based Machine Vision Software), Type (PC-based, Smart Camera-based), Deployment (General, Robotic Cell), Vision Type - Forecast to 2030

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USD 6.66 BN
MARKET SIZE, 2030
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CAGR 8.5%
(2025-2030)
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250
REPORT PAGES
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165
MARKET TABLES

OVERVIEW

north-america-machine-vision-market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The North America machine vision market is projected to reach USD 6.66 billion by 2030 from USD 4.13 billion in 2024, growing at a CAGR of 8.5% from 2025 to 2030. Market growth is driven by the increasing adoption of automation in manufacturing, rising demand for quality inspection, rapid advancements in AI-based vision, and strong investments in smart factories and industrial digitization initiatives across the region.

KEY TAKEAWAYS

  • By Country
    The US machine vision market dominated, accounting for a 57% share in 2024.
  • By Component
    By component, the software segment is expected to register the highest CAGR of 10.0%.
  • By Industry
    By industry, the food & beverages segment is projected to grow at the fastest rate from 2025 to 2030.
  • Competitive Landscape
    Cognex Corporation, Keyence Corporation, and Teledyne Technologies Inc. were identified as some of the key players in the North America machine vision market, given their strong market share and extensive product footprint.
  • Competitive Landscape
    Baumer, MVTec Software GmbH, and JAI A/S have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders

The North America machine vision market is witnessing robust growth, driven by the increasing adoption of automated inspection and quality control, rising demand for operational efficiency across industries, and rapid advancements in AI-powered vision systems, 3D imaging, and edge computing technologies that enhance productivity, accuracy, and real-time decision-making across manufacturing and logistics operations.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The impact on customers’ businesses in the North American machine vision market is being reshaped by the shift from traditional, rule-based inspection to AI-enabled vision systems. Technologies such as deep learning inspection, 3D and robotic vision, embedded vision, edge AI cameras, and cloud-based analytics are enhancing quality control, automation, and traceability across the automotive, electronics, healthcare, and industrial manufacturing sectors. This transformation is driving demand for zero-defect manufacturing, predictive defect detection, and fully automated inspection, enabling higher productivity, lower downtime, and improved operational efficiency.

north-america-machine-vision-market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Rapid adoption of AI-based inspection systems across US manufacturing plants
  • Rising demand for vision-guided robotics in automotive, electronics, and logistics sectors
RESTRAINTS
Impact
Level
  • High initial investment in machine vision systems and integration software
  • Shortage of skilled professionals for vision system installation and maintenance
OPPORTUNITIES
Impact
Level
  • Increasing deployment of smart cameras and edge AI processors in North America
  • Accelerating EV manufacturing and battery inspection projects across the US and Canada
CHALLENGES
Impact
Level
  • Integration complexity with legacy automation systems in North American factories
  • Growing risk of cyber vulnerabilities in connected industrial vision systems

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Rapid adoption of AI-based inspection systems across US manufacturing plants

AI-powered machine vision solutions are increasingly being deployed across manufacturing units in the US, Canada, and Mexico to improve production efficiency, reduce unplanned downtime, and enhance defect detection accuracy. North American manufacturers are actively integrating deep learning–based vision platforms into automotive, semiconductor, food processing, and pharmaceutical production lines to improve product quality and workforce productivity while reducing dependency on manual inspection.

Restraint: High initial investment in machine vision systems and integration software

Despite growing adoption, the high cost of industrial cameras, vision sensors, processors, and system integration remains a major restraint in North America. Small and mid-sized manufacturers face challenges in justifying investment due to capital expenditure constraints, software licensing costs, and system customization requirements. Additionally, the cost of compliance with rigorous quality standards in regulated industries further increases deployment complexity.

Opportunity: Increasing deployment of smart cameras and edge AI processors in North America

The growing adoption of compact smart cameras and edge processing devices presents a strong growth opportunity in North America. These systems enable real-time inspection, reduce dependency on centralized servers, and lower overall system latency. Their ease of installation, scalability, and compatibility with robotics and automation platforms make them highly suitable for electronics assembly, warehouse automation, and EV manufacturing applications across the region.

Challenge: Complexities in integrating diverse machine vision components with traditional systems

Many manufacturing facilities across North America operate on legacy automation platforms that are not designed to integrate seamlessly with modern machine vision technologies. Differences in communication protocols, hardware compatibility, and software architecture create integration bottlenecks. As a result, companies face extended deployment timelines and higher customization costs, increasing the need for plug-and-play compatible solutions and standardized system architectures.

NORTH AMERICA MACHINE VISION MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Machine vision systems are used in body-in-white inspection, weld seam verification, paint defect detection, and autonomous vehicle sensor validation across EV production lines. Improved product quality | Reduced rework and scrap | Faster production inspection cycles | Improved vehicle safety compliance
Vision applications monitor assembly accuracy, robotic guidance, barcode tracking, and end-of-line inspection for powertrain and vehicle assembly processes. Reduced manufacturing errors | Better traceability | Increased automation efficiency | Lower warranty claims
Vision systems inspect stamping defects, detect part misalignment, validate component placement, and support robotic welding automation. Lower defect rates | Improved throughput | Enhanced quality assurance | Reduced labor dependency
Machine vision is integrated into guided manufacturing, defense electronics assembly verification, and precision inspection of aerospace subsystems. Increased production accuracy | Reduced failure risks | Enhanced defense standards compliance
Optical inspection systems validate microelectronics assembly, identify surface defects, and support AI-driven quality analysis. Higher operational efficiency | Better production consistency | Yield improvement

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The North America machine vision market ecosystem is supported by leading hardware and software providers such as Basler, Teledyne Technologies, Sony, AMETEK, Texas Instruments, Canon, Zebra Technologies, Omron, Cognex, Atlas Copco, SICK, Keyence, and MVTec, which collectively deliver imaging sensors, cameras, optics, processors, and vision software. These technologies enable deployment across key customer industries, including automotive, consumer products, pharmaceuticals, food & beverages, and machinery, creating an interconnected ecosystem that improves inspection accuracy, factory automation, and data-driven manufacturing decision-making.

north-america-machine-vision-market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

north-america-machine-vision-market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

North America Machine Vision Market, By Component

As of 2024, cameras held the largest share of the North America machine vision market and are expected to maintain their lead through the forecast period, supported by advancements in AI-based image processing, edge computing, high-resolution imaging sensors, and industrial connectivity technologies. These solutions enable real-time inspection, automated defect detection, dimensional measurement, and production monitoring, making them central to smart manufacturing and automation initiatives. Vision software integration and scalable deployment models further enhance system flexibility and cost efficiency, helping manufacturers improve quality, reduce downtime, and increase process efficiency, thereby strengthening the role of camera-based systems in next-generation industrial automation.

North America Machine Vision Market, By Industry

As of 2024, the healthcare segment held the largest share of the North America machine vision market and is expected to maintain its dominance through the forecast period. This leadership is driven by the growing adoption of machine vision in medical device manufacturing, pharmaceutical inspection, and laboratory automation. AI-enabled imaging, vision-based quality control, and precision measurement systems are enhancing diagnostic accuracy, ensuring regulatory compliance, and reducing manufacturing errors, thereby making healthcare a key driver of machine vision adoption in North America.

REGION

The US is expected to be the fastest-growing region in North America machine vision market during the forecast period

The US held the largest share of the North American machine vision market in 2024 and is expected to post the highest CAGR through the forecast period. The country’s strong adoption of industrial automation, AI-based vision systems, and smart manufacturing technologies, supported by advanced infrastructure and high R&D investment, is accelerating market growth. Increasing deployment of real-time inspection, robotic vision, and quality control solutions across automotive, healthcare, electronics, and industrial manufacturing continues to reinforce the US’s leadership position in the regional market.

north-america-machine-vision-market Region

NORTH AMERICA MACHINE VISION MARKET: COMPANY EVALUATION MATRIX

Keyence (Star) leads with a dominant market position and a comprehensive product portfolio, driven by its high-performance vision systems, advanced sensors, and tightly integrated automation solutions that are widely adopted across manufacturing and logistics applications. Texas Instruments (Emerging Leader) is accelerating its growth by expanding capabilities in embedded vision, imaging processors, and edge AI technologies, supported by its strong expertise in semiconductor design and system integration. While Keyence continues to outperform competitors through scale, product reliability, and application-specific innovation, Texas Instruments shows strong potential to advance toward the leaders’ quadrant as demand for intelligent inspection, real-time analytics, and AI-enabled vision systems continues to grow across the region.

north-america-machine-vision-market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2024 (Value) USD 4.13 Billion
Market Forecast in 2030 (Value) USD 6.66 Billion
Growth Rate CAGR of 8.5% from 2025-2030
Years Considered 2021-2030
Base Year 2024
Forecast Period 2025-2030
Units Considered Value (USD Million/Billion), Volume (Million Units)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered
  • By Component:
    • Cameras
    • optics
    • frame grabbers
    • processors
    • LED lighting
    • other hardware components
    • software
  • By System Type: PC-based and smart camera-based
  • By Industry:
    • Automotive
    • consumer products
    • electronics & semiconductors
    • printing
    • metals
    • logistics
    • food & beverages
    • rubber & plastics
    • healthcare
    • machinery
    • solar panel manufacturing
    • other industries
Regions Covered North America

WHAT IS IN IT FOR YOU: NORTH AMERICA MACHINE VISION MARKET REPORT CONTENT GUIDE

north-america-machine-vision-market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Local Competitive Landscape
  • Profiling of leading machine vision vendors
  • Assessment of technology strengths
  • Evaluation of product portfolios
  • Mapping of regional presence and industry focus
  • Enables competitive benchmarking
  • Identifies strong technology partners
  • Supports differentiation in local markets
Regional Market Entry Strategy
  • Evaluation of regional automation adoption
  • Analysis of manufacturing density and investment trends
  • Demand mapping across automotive, electronics, and logistics sectors
  • Helps identify priority regions for expansion
  • Supports structured market-entry planning
  • Aligns offerings with regional requirements
Application-Specific Opportunity Assessment
  • Mapping of opportunity potential across quality inspection, robotic guidance, barcode reading, and measurement
  • Identification of high-growth application areas
  • Assessment of operating requirements
  • Highlights high-value applications
  • Guides application-focused product development
  • Enables targeted customer engagement
Technology Adoption by End-use Industries
  • Analysis of adoption trends across automotive, electronics, food & beverage, and warehousing
  • Integration needs with automation platforms
  • Sector-specific workflow mapping
  • Identifies fastest-adopting sectors
  • Provides clarity on industry-specific requirements
  • Supports vertical-focused GTM strategies

RECENT DEVELOPMENTS

  • December 2024 : Zebra Technologies Corp. acquired Photoneo s.r.o., a top innovator and producer of 3D machine vision technologies. This acquisition will significantly boost Zebra's foothold in the 3D machine vision market.
  • September 2024 : Teledyne DALSA, a subsidiary of Teledyne Technologies Inc., introduced the Linea HS2 TDI line scan camera family. It offers ultra-high-speed imaging with 16k resolution and 1 MHz line rates, excelling in light-starved environments. This next-generation TDI technology achieves a data throughput of 16 Gigapixels per second, representing a significant advancement in line scan imaging.
  • August 2024 : Cognex Corporation enhanced its In-Sight SnAPP vision sensor with a new AI-powered counting tool. This tool helps in automating assembly verification and quantity checks for manufacturers. It simplifies counting complex parts, including reflective, distorted, and varying contrast objects.

 

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
1
INTRODUCTION
 
 
 
15
2
EXECUTIVE SUMMARY
 
 
 
 
3
PREMIUM INSIGHTS
 
 
 
 
4
MARKET OVERVIEW
 
 
 
 
 
4.1
INTRODUCTION
 
 
 
 
4.2
MARKET DYNAMICS
 
 
 
 
4.3
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
 
 
 
 
4.4
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
 
 
 
5
INDUSTRY TRENDS
 
 
 
 
 
5.1
PORTER'S FIVE FORCES ANALYSIS
 
 
 
 
5.2
MACROECONOMICS INDICATORS
 
 
 
 
 
5.2.1
INTRODUCTION
 
 
 
 
5.2.2
GDP TRENDS AND FORECAST
 
 
 
 
5.2.3
TRENDS IN THE NORTH AMERICA MACHINE VISION INDUSTRY
 
 
 
5.3
VALUE CHAIN ANALYSIS
 
 
 
 
 
5.4
ECOSYSTEM ANALYSIS
 
 
 
 
 
5.5
PRICING ANALYSIS
 
 
 
 
 
 
5.5.1
AVERAGE SELLING PRICE TREND OF KEY PLAYERS (2022-2025)
 
 
 
 
5.5.2
AVERAGE SELLING PRICE TREND, BY COMPONENT (2022-2025)
 
 
 
5.6
TRADE ANALYSIS
 
 
 
 
 
 
5.6.1
IMPORT SCENARIO
 
 
 
 
5.6.2
EXPORT SCENARIO
 
 
 
5.7
KEY CONFERENCES AND EVENTS (2026-2027)
 
 
 
 
5.8
TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS
 
 
 
 
5.9
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
5.10
CASE STUDY ANALYSIS
 
 
 
 
5.11
IMPACT OF 2025 NORTH AMERICA TARIFF – NORTH AMERICA MACHINE VISION MARKET
 
 
 
 
 
5.11.1
INTRODUCTION
 
 
 
 
5.11.2
KEY TARIFF RATES
 
 
 
 
5.11.3
PRICE IMPACT ANALYSIS
 
 
 
 
5.11.4
IMPACT ON END USE INDUSTRIES
 
 
6
STRATEGIC DISRUPTION THROUGH TECHNOLOGY, PATENTS, DIGITAL, AND AI ADOPTION
 
 
 
 
 
6.1
KEY EMERGING TECHNOLOGIES
 
 
 
 
6.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
6.3
TECHNOLOGY/PRODUCT ROADMAP
 
 
 
 
6.4
PATENT ANALYSIS
 
 
 
 
 
6.5
IMPACT OF AI/GEN AI ON THE NORTH AMERICA MACHINE VISION MARKET
 
 
 
 
 
 
6.5.1
TOP USE CASES AND MARKET POTENTIAL
 
 
 
 
6.5.2
CASE STUDIES OF AI IMPLEMENTATION IN THE NORTH AMERICA MACHINE VISION MARKET
 
 
 
 
6.5.3
INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
 
 
 
 
6.5.4
CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN THE NORTH AMERICA MACHINE VISION MARKET
 
 
7
REGULATORY LANDSCAPE
 
 
 
 
 
7.1
REGIONAL REGULATIONS AND COMPLIANCE
 
 
 
 
 
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
7.1.2
INDUSTRY STANDARDS
 
 
8
CUSTOMER LANDSCAPE & BUYER BEHAVIOR
 
 
 
 
 
8.1
DECISION-MAKING PROCESS
 
 
 
 
8.2
BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA
 
 
 
 
8.3
ADOPTION BARRIERS & INTERNAL CHALLENGES
 
 
 
 
8.4
UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES
 
 
 
9
APPLICATION OF MACHINE VISION MARKET
 
 
 
 
 
9.1
INTRODUCTION
 
 
 
 
9.2
QUALITY ASSURANCE AND INSPECTION
 
 
 
 
9.3
POSITIONING AND GUIDANCE
 
 
 
 
9.4
MEASUREMENT
 
 
 
 
9.5
IDENTIFICATION
 
 
 
 
9.6
PREDICTIVE MAINTENANCE
 
 
 
10
NORTH AMERICA MACHINE VISION MARKET, BY COMPONENT (MARKET SIZE, VOLUME & FORECAST TO 2030 – USD BILLION)
 
 
 
 
 
10.1
INTRODUCTION
 
 
 
 
10.2
CAMERAS
 
 
 
 
10.3
OPTICS
 
 
 
 
10.4
FRAME GRABBERS
 
 
 
 
10.5
PROCESSORS
 
 
 
 
10.6
LED LIGHTING
 
 
 
 
10.7
OTHERS
 
 
 
 
10.8
SOFTWARE
 
 
 
 
 
10.8.1
AI-BASED MACHINE VISION SOFTWARE
 
 
11
NORTH AMERICA MACHINE VISION MARKET, BY VISION TYPE (MARKET SIZE & FORECAST TO 2030 – USD BILLION)
 
 
 
 
 
11.1
INTRODUCTION
 
 
 
 
11.2
1D VISION SYSTEM
 
 
 
 
11.3
2D VISION SYSTEM
 
 
 
 
11.4
3D VISION SYSTEM
 
 
 
12
NORTH AMERICA MACHINE VISION MARKET, BY DEPLOYMENT (MARKET SIZE & FORECAST TO 2030 – USD BILLION)
 
 
 
 
 
12.1
INTRODUCTION
 
 
 
 
12.2
GENERAL
 
 
 
 
12.3
ROBOTIC CELL
 
 
 
13
NORTH AMERICA MACHINE VISION MARKET, BY SYSTEM TYPE (MARKET SIZE & FORECAST TO 2030 – USD BILLION)
 
 
 
 
 
13.1
INTRODUCTION
 
 
 
 
13.2
PC-BASED
 
 
 
 
13.3
SMART CAMERA-BASED
 
 
 
14
NORTH AMERICA MACHINE VISION MARKET, BY INDUSTRY (MARKET SIZE & FORECAST TO 2030 – USD BILLION)
 
 
 
 
 
14.1
INTRODUCTION
 
 
 
 
14.2
AUTOMOTIVE
 
 
 
 
14.3
ELECTRONICS & SEMICONDUCTORS
 
 
 
 
14.4
CONSUMER PRODUCTS
 
 
 
 
14.5
METALS
 
 
 
 
14.6
HEALTHCARE
 
 
 
 
14.7
FOOD & BEVERAGES
 
 
 
 
14.8
RUBBER & PLASTICS
 
 
 
 
14.9
PRINTING
 
 
 
 
14.10
MACHINERY
 
 
 
 
14.11
SOLAR PANEL MANUFACTURING
 
 
 
 
14.12
LOGISTICS
 
 
 
 
14.13
OTHER INDUSTRIES
 
 
 
15
NORTH AMERICA MACHINE VISION MARKET, BY REGION (MARKET SIZE & FORECAST TO 2030 – USD BILLION)
 
 
 
 
 
15.1
INTRODUCTION
 
 
 
 
15.2
US
 
 
 
 
15.3
CANADA
 
 
 
 
15.4
MEXICO
 
 
 
16
NORTH AMERICA MACHINE VISION MARKET, COMPETITIVE LANDSCAPE
 
 
 
 
 
16.1
INTRODUCTION
 
 
 
 
16.2
KEY PLAYER STRATEGIES/RIGHT-TO-WIN
 
 
 
 
16.3
REVENUE ANALYSIS OF TOP 5 PLAYERS (2021 – 2025)
 
 
 
 
 
16.4
MARKET SHARE ANALYSIS,
 
 
 
 
 
16.5
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
16.6
BRAND COMPARISON
 
 
 
 
 
16.7
COMPANY EVALUATION MATRIX: KEY PLAYERS,
 
 
 
 
 
 
16.7.1
STARS
 
 
 
 
16.7.2
EMERGING LEADERS
 
 
 
 
16.7.3
PERVASIVE PLAYERS
 
 
 
 
16.7.4
PARTICIPANTS
 
 
 
 
16.7.5
COMPANY FOOTPRINT: KEY PLAYERS,
 
 
 
 
 
16.7.5.1
COMPANY FOOTPRINT
 
 
 
 
16.7.5.2
REGION FOOTPRINT
 
 
 
 
16.7.5.3
END-USER FOOTPRINT
 
 
16.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES,
 
 
 
 
 
 
16.8.1
PROGRESSIVE COMPANIES
 
 
 
 
16.8.2
RESPONSIVE COMPANIES
 
 
 
 
16.8.3
DYNAMIC COMPANIES
 
 
 
 
16.8.4
STARTING BLOCKS
 
 
 
 
16.8.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES,
 
 
 
 
 
16.8.5.1
DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
16.8.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
16.9
COMPETITIVE SITUATION AND TRENDS
 
 
 
17
NORTH AMERICA MACHINE VISION MARKET, COMPANY PROFILES
 
 
 
 
 
17.1
KEY PLAYERS
 
 
 
 
 
17.1.1
COGNEX CORPORATION
 
 
 
 
17.1.2
BASLER AG
 
 
 
 
17.1.3
KEYENCE CORPORATION
 
 
 
 
17.1.4
TELEDYNE TECHNOLOGIES INC.
 
 
 
 
17.1.5
TKH
 
 
 
 
17.1.6
OMRON CORPORATION
 
 
 
 
17.1.7
SICK AG
 
 
 
 
17.1.8
SONY CORPORATION
 
 
 
 
17.1.9
TEXAS INSTRUMENTS INCORPORATED
 
 
 
 
17.1.10
ATLAS COPCO AB
 
 
 
 
17.1.11
AMETEK INC.
 
 
 
 
17.1.12
CANON
 
 
 
 
17.1.13
ZEBRA TECHNOLOGIES CORP.
 
 
 
 
17.1.14
EMERSON ELECTRIC CO.
 
 
 
17.2
OTHER PLAYERS
 
 
 
18
RESEARCH METHODOLOGY
 
 
 
 
 
18.1
RESEARCH DATA
 
 
 
 
 
18.1.1
SECONDARY DATA
 
 
 
 
 
18.1.1.1
KEY DATA FROM SECONDARY SOURCES
 
 
 
18.1.2
PRIMARY DATA
 
 
 
 
 
18.1.2.1
KEY DATA FROM PRIMARY SOURCES
 
 
 
 
18.1.2.2
KEY PRIMARY PARTICIPANTS
 
 
 
 
18.1.2.3
BREAKDOWN OF PRIMARY INTERVIEWS
 
 
 
 
18.1.2.4
KEY INDUSTRY INSIGHTS
 
 
 
18.1.3
MARKET SIZE ESTIMATION
 
 
 
 
 
18.1.3.1
BOTTOM-UP APPROACH
 
 
 
 
18.1.3.2
TOP-DOWN APPROACH
 
 
 
 
18.1.3.3
BASE NUMBER CALCULATION
 
 
 
18.1.4
MARKET FORECAST APPROACH
 
 
 
 
 
18.1.4.1
SUPPLY SIDE
 
 
 
 
18.1.4.2
DEMAND SIDE
 
 
 
18.1.5
DATA TRIANGULATION
 
 
 
 
18.1.6
FACTOR ANALYSIS
 
 
 
 
18.1.7
RESEARCH ASSUMPTIONS
 
 
 
 
18.1.8
RESEARCH LIMITATIONS AND RISK ASSESSMENT
 
 
19
APPENDIX
 
 
 
 
 
19.1
DISCUSSION GUIDE
 
 
 
 
19.2
KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
 
 
 
 
19.3
AVAILABLE CUSTOMIZATIONS
 
 
 
 
19.4
RELATED REPORTS
 
 
 
 
19.5
AUTHOR DETAILS
 
 
 
 
19.6
NOTE 1: THE ABOVE LIST OF COMPANIES IS TENTATIVE AND MIGHT CHANGE DURING THE COURSE OF RESEARCH.
 
 
 
 
19.7
NOTE 2: THE CURRENT TABLE OF CONTENTS IS TENTATIVE AND IS SUBJECT TO CHANGE AS WE PROGRESS WITH OUR RESEARCH.
 
 
 

Methodology

The study involved four major activities for estimating the current size of the north america machine vision market. Exhaustive secondary research has been done to collect information on the market. The next step is to validate these findings, assumptions, and size with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of the segments and subsegments. Two sources of information, secondary and primary, have been used to identify and collect information for an extensive technical and commercial study of the north america machine vision market.

Secondary Research

Various secondary sources have been referred to in the secondary research process to identify and collect information important for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain key information about the industry’s supply chain, the market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), regional markets, and key developments from market- and technology-oriented perspectives. Secondary data has been collected and analyzed to determine the overall market size, which is further validated through primary research.

Primary Research

Extensive primary research was conducted after gaining knowledge about the current scenario of the north america machine vision market through secondary research. Several primary interviews were conducted with experts from the demand and supply sides across four major regions North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.

Market Size Estimation

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

  • Major players in the market have been identified through extensive secondary research.
  • The industry’s value 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 size of the north america machine vision market from the market size estimation process explained above, the total market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size has been validated using both the top-down and bottom-up approaches.

Market Definition

North america machine vision systems use a combination of hardware and software to provide operational guidance to devices in executing their functions. Visual inspections are automated, and product assembly equipment are precisely guided using sensors (cameras), processing hardware, and software algorithms. The system relies on digital sensors installed in cameras with specialized optics to acquire images. These images are then processed, analyzed, and measured by artificial intelligence (AI) technology embedded in the computer hardware for decision-making. AI allows machines to learn from experience, intercept new inputs, and perform human-like tasks. Machine learning and natural language processing (NLP), used to train computers, are also used in north america machine vision to perform specific tasks by processing large data captured by cameras. North america machine vision systems offer fast response, a tailored approach, accurate information, and fewer redundancies—all essential to achieving higher organizational efficiency. North america machine vision systems encompass all industrial and non-industrial applications.

Key Stakeholders

  • Government bodies and policymakers
  • Industry organizations, forums, alliances, and associations
  • Raw material suppliers and distributors
  • Research institutes and organizations
  • Original equipment manufacturers (OEMs)
  • Technology, service, and solution providers
  • Intellectual property (IP) core and licensing providers
  • Market research and consulting firms

Report Objectives

  • To describe, segment, and forecast the overall north america machine vision market by application, vision type, deployment, component, system type, and industry, in terms of value
  • To describe and forecast the market for four key regions: North America, north america, Asia Pacific, and Rest of the World (RoW), along with their respective countries, in terms of value
  • To provide an overview of the recent trends in the market
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To analyze the supply chain, trends/disruptions impacting customer business, market/ecosystem map, pricing analysis, and regulatory landscape pertaining to the north america machine vision market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market size.
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market
  • To strategically profile the key players and comprehensively analyze their market positions in terms of their ranking and core competencies, along with detailing the competitive landscape for market leaders
  • To analyze competitive developments, such as product launches, acquisitions, collaborations, agreements, and partnerships, in the north america machine vision market
  • To provide ecosystem analysis, case study analysis, patent analysis, technology analysis, value chain analysis, trends/disruptions impacting customer business, impact of AI/Gen AI, key conferences and events, pricing analysis, Porter’s five forces analysis, and regulations pertaining to the market under study
  • To provide a macroeconomic outlook based on all the regions in the region chapter

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Growth opportunities and latent adjacency in North America Machine Vision Market

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