Industrial Machine Vision Camera Market Segments, Top Key Players, Drivers And Trends 2022

The global industrial machine vision camera market is expected to be valued at USD 1,360.1 billion in 2021 and expected to grow at a CAGR of 7.3% over the forecast period by 2028. Important improvements in the machine vision industry have led to vision-guided robotics systems. There are 12 million robotic units worldwide in 2021. The number of robotic units sold in 2020 will rise to 465,000. Other drivers such as rising demand for quality inspection, and rising number of applications in various industrial sectors boost the global market.

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Deep Learning Accounted for Higher Revenue Share in Global Industrial Machine Vision Camera Market:
Based on software, global industrial machine vision camera is segmented into deep learning and application-specific. Deep learning is accounted for higher revenue on the basis of certain factors. In industries ranging from autonomous driving to medical devices, deep learning technologies are used. Deep learning is used by automotive researchers to identify artefacts such as stop signs and traffic lights automatically. Top Deep Learning Software are Neural Designer, H2O.ai, DeepLearningKit, Microsoft Cognitive Toolkit, Keras, ConvNetJS, Torch, Deeplearning4j, Gensim, Apache SINGA, Caffe, Theano, ND4J, MXNet.

North America Leads the Global Industrial Machine Vision Camera Market:
Based on regional analysis, global industrial machine vision camera market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific global industrial machine vision camera market contributed the largest share in 2021. The use of industrial robots for automation in the automotive and consumer electronics sectors has experienced rapid growth. This leads to a growing need for machine vision systems to be incorporated with vision-guided robot controllers. Machine vision systems increase the performance of robots by enabling them to see their environments and react to them boost the global market.

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Key player's profiles in the industrial machine vision camera market are: Cognex (US), OMRON (Japan), KEYENCE Corporation (Japan), Basler (Germany), National Instruments (US), Teledyne Technologies (US), Sony (Japan), Texas Instruments (US), Intel (US), Baumer Optronic (Germany)

Detailed Segmentation:

By Component
• Hardware
• Camera
• Processor
• Optics
• Frame Grabber
• LED Lighting
• Others

By Software
• Deep Learning
• Application-Specific

By Product
• PC-Based vision system
• Smart Camera-Based vision system

By Application
• Quality Assurance and Inspection
• Positioning and Guidance
• Measurement
• Identification

End User
• Automotive
• Consumer Electronics
• Electronics & Semiconductor
• Printing, Food & Packaging
• Rubber & Plastics
• Pharmaceuticals
• Others

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This release was published on openPR.