Machine Vision Market

Machine Vision Companies - Cognex Corporation (US) and Keyence Corporation (Japan) are the Key Players

The global Machine Vision market is expected to grow from USD 12.9 billion in 2023 to USD 18.4 billion by 2028, registering a CAGR of 7.3%. The machine vision market has witnessed robust growth due to increasing automation across industries, including manufacturing and healthcare. Key drivers include rising demand for quality control, efficiency improvements, and advancements in artificial intelligence and camera technologies. This technology's ability to enhance productivity and accuracy continues to propel its expansion.

Cognex Corporation (US), Basler AG (Germany), Omron Corporation (Japan), National Instrument Corporation (US), Keyence Corporation (Japan), Teledyne Technologies (US), Sick AG (Germany), TKH Group (Netherland), Sony Corporation (Japan), Texas Instruments Incorporated (US), Intel Corporation (US), Atlas Copco (Sweden), Microsoft (US) are the top players in the Machine Vision market. These companies have a worldwide presence and offer a wide range of Machine Vision and related solutions and services. They rely on their R&D capabilities and diversified product and service portfolios to increase their market share.

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Top 3 Players in the Machine Vision Market:

Cognex Corporation

Cognex Corporation is a prominent leader in the field of automation technology, offering a wide array of products and services. They specialize in machine vision systems, software solutions, sensors, surface inspection systems, and industrial ID readers for use in automation processes. Cognex's business operations are structured around a single division called Machine Vision Technology, which is further divided into two key subsegments: Standard Products and Services and Application-specific Customer Solutions.The company provides a comprehensive product lineup, catering to a broad spectrum of needs. Their offerings range from cost-effective vision sensors for basic presence/absence inspections to advanced deep learning solutions designed to address complex applications with unpredictable defects and variations. Cognex's vision system products are designed to capture and analyze visual data, streamlining the automation of tasks where visual perception is essential, such as in manufacturing and distribution. Their product range includes options like 2D vision, 3D vision, and specialized vision software, among others.Cognex serves a diverse clientele across multiple industries, including logistics, automotive, consumer electronics, food and beverages, life sciences, pharmaceuticals and medical sectors, semiconductor, solar, and tobacco, among others.

Keyence Corporation

Keyence Corporation develops and manufactures automation sensors, vision systems, barcode readers, laser markers, measuring instruments, and digital microscopes. The company offers vision system products for a variety of industries, including automotive, metals and machinery, electronics, plastics, food, and pharmaceuticals. The company provides a comprehensive range of vision system solutions, starting from vision sensors incorporating built-in lighting to modular vision systems that support various cameras including area cameras, line scan cameras, 3D cameras, and laser profilers. These hardware components, combined with sophisticated software algorithms, establish Keyence robotic vision as a highly stable solution for a wide spectrum of applications, including appearance and defect inspection, counting, positioning, measurement, and code reading. Keyence's product portfolio encompasses an array of offerings, including sensors, measurement sensors, measurement systems, safety equipment, process controls, process sensors, static eliminators, ionizers, vision and barcode scanners, control systems, laser marking systems, continuous inkjet printers, as well as microscopes and 3D surface profilers. Robotic vision products are part of the vision and barcode scanner product lineup. The company presents both 2D and 3D vision systems, offering both line and area scan options. Keyence has specially developed 2D and 3D vision-guided robotic systems, tailored for seamless integration with industrial robots. In addition to conventional cameras, the company offers smart cameras equipped with AI functionality. Lighting and lenses are the primary accessories available for these vision systems.

Teledyne Technologies

Teledyne Technologies is a global conglomerate specializing in aerospace and defense, digital imaging, instrumentation, and engineered systems. They provide advanced technology solutions, including sensors, communication systems, and instrumentation, serving various industries and government agencies. Their focus is on innovation, precision, and high-quality products. Teledyne Technologies operates through the Instrumentation, Aerospace and Defense Electronics, Digital Imaging, and Engineered Systems segments. Teledyne technologies’s imaging solutions include cameras, frame grabbers, image sensors, vision systems, X-ray detectors, and other software solutions. The company offers robotic vision systems through its Digital Imaging business segment. It offers both 2D and 3D vision systems. The company also provides image sensors, cameras, smart cameras, frame grabbers, software, and vision solutions.

Related Reports:

Machine Vision Market by Component (Hardware, Software), Deployment (General, Robotic Cells), Product (PC-based Machine Vision System, Smart Camera-based Machine Vision System), Application, End-user Industry and Region - Global Forecast to 2028

Mr. Aashish Mehra
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Machine Vision Market Size,  Share & Growth Report
Report Code
SE 5835
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