Machine Vision Market

Market Leader - Cognex Corporation (US) and Keyance (US) are leading players in Machine Vision Market

The machine vision market is estimated to be valued at USD 11.0 billion in 2021 and reach USD 15.5  billion by 2026, at a CAGR of 7.0%. The growing need for quality inspection and automation, increasing demand for machine vision systems in non-traditional and emerging applications, and rising need for vision-guided robots are the key factors driving the growth of the market. Likewise, government initiatives to support industrial automation and integration of AI into edge devices are expected to create lucrative opportunities for the players in the machine vision market. However, rising security concerns related to industrial machine robots and devices are expected to restraint market growth.

In 2020, the machine vision market was dominated by Cognex Corporation (US), Keyence (Japan), Teledyne DALSA (US), TKH Group (Germany), and Basler (Germany). The major strategies adopted by the top 5 players in the machine vision market included product launches and developments, collaborations, and acquisitions which helped them to innovate on their product offerings and broaden their customer base.

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

Top 2 players in the machine vision are:

Cognex Corporation (US)

Cognex Corporation is a leading provider of machine vision systems, software, sensors, surface inspection systems, and industrial ID readers for automation processes. It was incorporated in 1981 and has its headquarters in Natick, Massachusetts, US. As of December 2020, the company had 2,055 employees.

In 2015, the company sold its Surface Inspection Systems Division (SISD) business to AMETEK, Inc. (US), a global manufacturer of electronic instruments and electromechanical devices based in the Americas. Currently, Cognex Corporation has only one reportable segment—Modular Vision Systems Division (MVSD), which provides inspection and automation-related products and services that are used for the production of cellular phones, aspirin bottles, automobile wheels, metals, paper, plastics, and glass, among other goods. The company serves the logistics, medical, solar PV cells, food & beverages, semiconductor, electronics, vision-guided robotics, and consumer packaging industries. The company has a presence in the US, Europe, and Greater China, among other regions. Cognex machine vision products are widely used in the manufacturing sector, where technology is important for the automation of production and quality assurance.

Keyance (US)

Keyence Corporation was founded in 1974 and has its headquarters in Osaka, Japan. The company develops and manufactures factory automation and control equipment, measurement instruments, information devices, and other electronic application equipment and systems. It is a leading supplier of sensors, measuring systems, laser markers, and machine vision systems worldwide. As of December 2019, the company had 6,602 employees.

Some of the company’s key subsidiaries are Keyence Corporation of America (US), Keyence Deutschland GmbH (Germany), Keyence Canada, Inc. (Canada), Keyence Limited (UK), Keyence México S.A. DE C.V. (Mexico), Keyence France SAS (France), Keyence International NV/SA (Belgium), Keyence Singapore PTE LTD. (Singapore), Keyence Italia S.p.A. (Italy), Korea Keyence Co., Ltd. (South Korea), and Keyence Co., Ltd. (China).

Keyence Corporation competes with Custom Sensors & Technologies (US), OMRON Corporation (Japan), and Yokogawa Electric Corporation (Japan), and other companies in the industrial machine vision market.

Related Reports:

Machine Vision Market with COVID-19 impact, by Deployment (General & Robotic cell), Component (Hardware and Software), Product (PC-based and Smart camera-based), Application, End-user Industry, and Region - Forecast till 2026

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Report Code
SE 5835
RI Published ON
9/6/2021
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Machine Vision Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2022 MarketsandMarkets Research Private Ltd. All rights reserved