The global machine vision market reached a value of US$ 10.7 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 7.7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Machine vision, also known as vision system or industrial vision, is a technology used for observing all types of machinery processes. It usually consists of various cameras which are installed over the machines depending upon the requirement so that the entire process can undergo a proper vigilance. These cameras are fixed to perform the task of capturing and interpreting along with giving a signal as per the requirements. Machine vision technology works by the precise coordination of software and hardware. Machine vision is currently providing numerous benefits to organizations such as improving quality, increasing productivity, lowering production costs, reducing floor space, increasing production flexibility, lowering capital equipment costs, etc.
Whereas, human vision is ideal for qualitative interpretation of a complex, unstructured scene, machine vision stands out at quantitative measurement of a structured scene catalysed by its speed, accuracy, and repeatability. For instance, during a production process, a machine vision system has the capability to inspect hundreds, or even thousands, of parts per minute. A machine vision system built around the right camera resolution and optics can effortlessly inspect object details that may otherwise be too small to be viewed by the human eye. In addition, in removing physical contact between a test system and the parts that are being tested, machine vision averts part damage and reduces the maintenance time and costs linked with the wear and tear on mechanical components. Moreover, machine vision provides additional safety and operational advantages by reducing manual involvement in the production process. Nevertheless, machine vision also helps in preventing human contamination of clean rooms and protects human workers from environments that could be hazardous.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global machine vision market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on product, component, application, industry, and region.
Breakup by Product:
- Vision Systems
- Cameras
- Others
Based on the product, the market has been segmented as vision systems, cameras and others.
Breakup by Component:
Based on the component, the market has been segmented as hardware and software.
Breakup by Application:
- Positioning
- Identification
- Verification
- Measurement
- Flaw Detection
- Others
Based on the application, the market has been segmented as positioning, identification, verification, measurement, flaw detection and others.
Breakup by Industry:
- Automotive
- Medical and Pharmaceutical
- Electronics and Semiconductor
- Food, Packaging and Printing
- Security and Surveillance
- Intelligent Traffic System
- Identification
- Others
Based on the industry, the market has been segmented as automotive; medical and pharmaceutical; electronics and semiconductor; food, packaging and printing; security and surveillance; intelligent traffic systems; identification; and others.
Regional Insights:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America.
Competitive Landscape:
The report has also analyzed the competitive landscape of the market with some of the key players being Cognex Corporation, Basler AG, Omron Corporation, National Instruments Corporation, Keyence Corporation, Sony Corporation, Teledyne Technologies, Inc., Texas Instruments, Inc, Allied Vision Technologies GmbH, Intel Corporation, Baumer Optronic GmbH and Jai A/S.
This report provides a deep insight into the global machine vision market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the machine vision market in any manner.
Report Coverages:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2020 |
| Historical Period |
2015-2020 |
| Forecast Period |
2021-2026 |
| Units |
US$ Billion |
| Segment Coverage |
Product, Component, Application, Industry, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered |
Cognex Corporation, Basler AG, Omron Corporation, National Instruments Corporation, Keyence Corporation, Sony Corporation, Teledyne Technologies, Inc., Texas Instruments, Inc, Allied Vision Technologies GmbH, Intel Corporation, Baumer Optronic GmbH and Jai A/S |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global machine vision market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global machine vision industry?
- What are the key regional markets in the global machine vision industry?
- What are the key product types in the global machine vision industry?
- What are the key component types in the global machine vision industry?
- What are the major application segments in the global machine vision industry?
- What are the key end-use industries in the global machine vision market?
- What are the various stages in the value chain of the global machine vision market?
- What are the key driving factors and challenges in the global machine vision market?
- What is the structure of the global machine vision market and who are the key players?
- What is the degree of competition in the global machine vision market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Machine Vision Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product
5.5 Market Breakup by Component
5.6 Market Breakup by Application
5.7 Market Breakup by Industry
5.8 Market Breakup by Region
5.9 Market Forecast
5.10 SWOT Analysis
5.10.1 Overview
5.10.2 Strengths
5.10.3 Weaknesses
5.10.4 Opportunities
5.10.5 Threats
5.11 Value Chain Analysis
5.12 Porters Five Forces Analysis
5.12.1 Overview
5.12.2 Bargaining Power of Buyers
5.12.3 Bargaining Power of Suppliers
5.12.4 Degree of Competition
5.12.5 Threat of New Entrants
5.12.6 Threat of Substitutes
5.13 Price Analysis
6 Market Breakup by Product
6.1 Vision Systems
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cameras
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Others
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Component
7.1 Hardware
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Software
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Positioning
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Identification
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Verification
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Measurement
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Flaw Detection
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Industry
9.1 Automotive
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Medical and Pharmaceutical
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Electronics and Semiconductor
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Food, Packaging and Printing
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Security and Surveillance
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Intelligent Traffic System
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Identification
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 Others
9.8.1 Market Trends
9.8.2 Market Forecast
10 Market Breakup by Region
10.1 Asia Pacific
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Europe
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 North America
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Cognex Corporation
11.3.2 Basler AG
11.3.3 Omron Corporation
11.3.4 National Instruments Corporation
11.3.5 Keyence Corporation
11.3.6 Sony Corporation
11.3.7 Teledyne Technologies, Inc.
11.3.8 Texas Instruments, Inc
11.3.9 Allied Vision Technologies GmbH
11.3.10 Intel Corporation
11.3.11 Baumer Optronic GmbH
11.3.12 Jai A/S
List of Figures
Figure 1: Global: Machine Vision Market: Major Drivers and Challenges
Figure 2: Global: Machine Vision Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Machine Vision Market: Breakup by Product (in %), 2020
Figure 4: Global: Machine Vision Market: Breakup by Component (in %), 2020
Figure 5: Global: Machine Vision Market: Breakup by Industry (in %), 2020
Figure 6: Global: Machine Vision Market: Breakup by Application (in %), 2020
Figure 7: Global: Machine Vision Market: Breakup by Region (in %), 2020
Figure 8: Global: Machine Vision Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Machine Vision Industry: SWOT Analysis
Figure 10: Global: Machine Vision Industry: Value Chain Analysis
Figure 11: Global: Machine Vision Industry: Porter’s Five Forces Analysis
Figure 12: Global: Machine Vision (Vison Systems) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Machine Vision (Vison Systems) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Machine Vision (Cameras) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Machine Vision (Cameras) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Machine Vision (Other Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Machine Vision (Other Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Machine Vision (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Machine Vision (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Machine Vision (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Machine Vision (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Machine Vision (Positioning) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Machine Vision (Positioning) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Machine Vision (Identification) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Machine Vision (Identification) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Machine Vision (Verification) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Machine Vision (Verification) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Machine Vision (Measurement) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Machine Vision (Measurement) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Machine Vision (Flaw Detection) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Machine Vision (Flaw Detection) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Machine Vision (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Machine Vision (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Machine Vision (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Machine Vision (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Machine Vision (Medical and Pharmaceutical) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Machine Vision (Medical and Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Machine Vision (Electronics and Semiconductor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Machine Vision (Electronics and Semiconductor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Machine Vision (Food, Packaging and Printing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Machine Vision (Food, Packaging and Printing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Machine Vision (Security and Surveillance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Machine Vision (Security and Surveillance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Global: Machine Vision (Intelligent Traffic System) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Global: Machine Vision (Intelligent Traffic System) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Global: Machine Vision (Identification) Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Global: Machine Vision (Identification) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Global: Machine Vision (Other Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Global: Machine Vision (Other Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Asia Pacific: Machine Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Asia Pacific: Machine Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Europe: Machine Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Europe: Machine Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: North America: Machine Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: North America: Machine Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: Middle East and Africa: Machine Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: Middle East and Africa: Machine Vision Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Latin America: Machine Vision Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Latin America: Machine Vision Market Forecast: Sales Value (in Million US$), 2021-2026
List of Tables
Table 1: Global: Machine Vision Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Machine Vision Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 3: Global: Machine Vision Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 4: Global: Machine Vision Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Machine Vision Market Forecast: Breakup by Industry (in Million US$), 2021-2026
Table 6: Global: Machine Vision Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Machine Vision Market: Competitive Structure
Table 8: Global: Machine Vision Market: Key Players