Industrial machine vision enables real-time inspection, quality control, and precise measurements, enhancing production efficiency. By leveraging advanced imaging and artificial intelligence, machine vision systems can identify defects, ensure product consistency, and reduce errors, improving product quality. These technologies increase productivity, minimize waste, and lower production costs. Moreover, industrial machine vision plays a key role in object recognition, tracking, and sorting tasks, making it indispensable for industries seeking precision, speed, and reliability in their operations.
According to Data Bridge Market Research analyses, the Global Industrial Machine Vision Market which was USD 11,150 million in 2022, is expected to reach USD 21,160 million by 2030 and is expected to undergo a CAGR of 8.11% during the forecast period 2023-2030.
"Rise in demand for vision-guided robot systems boosts the market growth"
The surge in the demand for vision-guided robotic systems is a key driver for the global industrial machine vision market. As industries increasingly prioritize automation and efficiency, the need for advanced vision systems that enable robots to perceive and navigate their surroundings becomes crucial. Vision-guided robotic systems leverage industrial machine vision to enhance precision, speed, and adaptability in manufacturing and logistics tasks. This growing reliance on automated systems to streamline operations is propelling the industrial machine vision market as businesses seek innovative solutions to meet the demands of modern industrial processes.
What restraints the growth of the global industrial machine vision market?
“High risk of cyber-attacks hinders the market growth”
The escalating threat of cyber-attacks on industrial machine robots is a significant constraint in global industrial machine vision. As industries increasingly rely on interconnected robotic systems for automation and efficiency, the vulnerability to cyber threats poses a substantial risk. The potential compromise of sensitive data, operational disruptions, and the possibility of unauthorized control over industrial machines contribute to the growing concerns. This heightened risk of cyber-attacks emerges as a notable restraint.
Segmentation: Global Industrial Machine Vision Market
The global industrial machine vision market is segmented on the basis of component, product type, technology, end-user, and application.
- On the basis of component, the global industrial machine vision market is segmented into hardware, and software
- On the basis of product type, the global industrial machine vision market is segmented into pc-based machine vision systems, and smart camera-based vision systems
- On the basis of technology, the global industrial machine vision market is segmented into laser, imaging, and augmented
- On the basis of end-user, the global industrial machine vision market is segmented into automotive, consumer electronics, electronics and semiconductor, healthcare, printing, metals, wood and paper, food and packaging, rubber and plastics, pharmaceuticals, glass, machinery, and solar panel manufacturing
- On the basis of application, the global industrial machine vision market is segmented into quality assurance and inspection, positioning and guidance, measurement, and identification
Regional Insights: North America is expected to dominate the Global Industrial Machine Vision Market
North America is expected to dominate the industrial machine vision market, driven by the widespread adoption of advanced technology across various industries. Major key players in the region are expected to further fuel market growth during the forecast period. Applying machine vision systems in manufacturing, automotive, pharmaceuticals, and logistics enhances efficiency and quality control.
Asia-Pacific is expected to experience significant growth during the forecast period from 2023-2030 in the industrial machine vision market due to major manufacturing countries and the influx of new entrants. The rise of manufacturing presence and increasing competition are expected to drive regional market expansion.
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Recent Developments in Global Industrial Machine Vision Market
- In March 2021, Cognex introduced the DataMan 8700 Series, representing the latest evolution in handheld barcode scanners, featuring an entirely new platform. This device offers advanced performance and boasts user-friendly operation, eliminating the need for any adjustments or training for operators
The Prominent Key Players Operating in the Global Industrial Machine Vision Market Include:
- COGNEX CORPORATION (U.S.)
- Basler AG (Germany)
- OMRON Corporation (Japan)
- KEYENCE CORPORATION (Japan)
- NATIONAL INSTRUMENTS CORP. (U.S.)
- Sony Semiconductor Solutions Corporation (Japan)
- Teledyne Technologies Inc. (U.S.)
- Allied Vision Technologies GmbH (Germany)
- SICK AG (Germany)
- Texas Instruments Incorporated (U.S.)
- Intel Corporation (U.S.)
- Baumer (Switzerland)
- JAI A/S (Denmark)
- MVTEC SOFTWARE GMBH (Germany)
- Tordivel AS (Norway)
- ISRA VISION AG (Germany)
- FLIR Systems, Inc. (U.S.)
- AMETEK Surface Vision (U.S.)
- Qualitas Technologies Pvt Ltd (India)
- Cadence Design Systems, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global industrial machine vision market companies contact, https://www.databridgemarketresearch.com/zh/contact
Research Methodology: Global Industrial Machine Vision Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
