Press release
Machine Vision Market is estimated to grow at a CAGR of 7.1% from 2022 to 2030
Machine Vision Market | Emergen Research
Machine vision systems are also widely used in vision-guided robotics systems The advancement of industrial robots has significantly increased the efficiency of manufacturing. While individuals still change jigs or settings according to a plan, calibrate the system, and run tests and revisions before commencing production, vision-guided robots are gaining traction as a method to eliminate this time-consuming task.
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Increasing risk of cyberattacks on industrial machine robots and devices is a major factor expected to restrain revenue growth of the market. The use of machine vision-enabled robots in critical infrastructure poses a variety of difficulties. Security, safety, accuracy, and trust are the most common concerns. The amount of security these robots have is mostly connected to the level of protection they have against various types of cyberattacks. Various security issues, obstacles, vulnerabilities, and threats emerge on a regular basis, including the illegal use of these robots via cyberattacks, which can result in serious injury or even death.
The latest market intelligence report, titled 'Global Machine Vision Market', is intended to provide the target audience with the necessary information about the global Machine Vision industry. The report comprises a detailed analysis of the vital elements of the Machine Vision market, including key drivers, constraints, opportunities, limitations, threats, and micro-and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Machine Vision market dynamics that helps market analysts estimate the global market growth rate over the projected timeline.
Report Objective:
The report offers a complete analysis of the global Machine Vision market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreements, and collaborations. Cognex Corporation, Basler AG, Omron Corporation, Keyence Corporation, Teledyne Technologies Incorporated, TKH Group, National Instruments Corp., Sony Corporation, Texas Instruments Incorporated, and Intel Corporation are some of the top companies profiled in the report.
Key Highlights From the Report
On 25 May 2022, PIXM released a new computer vision solution for mobile phishing. PIXM mobile uses computer vision tech to identify and stop phishing attacks on mobile devices in real-time, as a user clicks on a malicious link.
The hardware segment is expected to account for a larger revenue share during the forecast period owing to the availability of new and advanced hardware in the market. The hardware of a machine vision system is the most apparent component. The two forms of hardware architecture are external and integrated hardware. The type of examination and the speed with which it is carried out are important considerations when selecting hardware. Machine vision edge computing currently has powerful and diverse hardware on the market. Vision systems can benefit from edge computing to improve reaction time, handle many interfaces, and execute complex processing.
The robotics cell segment is expected to register a rapid growth rate during the forecast period owing to their cost effectiveness and ability to handle a large number of product variants as components, which are changed without stopping production by simply changing the robot program and inspection software. In addition, the robot vision cell offers the best learning environment for robotics and vision.
The automotive segment is expected to register a rapid growth rate during the forecast period owing to an increased focus on automation in the sector. In the automobile sector, machine vision systems can scan barcodes, 2D data matrix codes, and characters written on components, labels, and packaging.
Emergen Research has segmented the global machine vision market based on component, deployment, end-use, and region:
Component Outlook (Revenue, USD Million, 2022-2030)
Hardware
Software
Deployment Outlook (Revenue, USD Million, 2022-2030)
General
Robotics Cell
End-Use Outlook (Revenue, USD Million, 2022-2030)
Automotive
Electronics & Semiconductor
Consumer Electronics
Glass
Metals
Wood & Paper
Pharmaceuticals
Food & Packaging
Rubber & Plastics
Printing
Machinery
Solar Panel Manufacturing
Textiles
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Valuable Market Insights:
The report highlights the latest trends observed in the consumption pattern of each regional segment.
Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Machine Vision market.
The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
Additionally, the report covers the analysis of the key players in the industry with a special focus on their global position, financial status, and their recent developments. Porter's Five Forces Analysis and SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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