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Machine Vision Market Research (2023-2032): Technology Scouting, Emerging Trends, Key Drivers And Top Major Players Analysis | Allied Vision Technologies GmbH, Basler AG, Cognex Corporation, FLIR Systems, Intel Corporation
Machine Vision Market
Machine Vision Market Size, Growth Rate, And Forecast:
The global machine vision market size grew from $13.54 billion in 2022 to $14.66 billion in 2023, at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The machine vision market size is expected to grow to $20.64 billion in 2027 at a CAGR of 8.9%.
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Machine Vision Market Drivers:
The growing need for quality inspection and automation is expected to propel the growth of the machine vision market over the coming years. Quality control helps the manufacturing industry in detecting production problems early, ensuring product quality, and saving time. Machine vision systems are used to capture images of products to analyze them based on various quality and safety characteristics.
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Machine Vision Market Segments:
By Product: PC Based, Smart Camera Based
By Offering: Hardware, Software, Service
By Deployment Type: General Machine Vision System, Robotic Cell
By Application: Quality Assurance And Inspection, Positioning And Guidance, Measurement, Identification, Predictive Maintenance
By End-Use industry: Automotive, Pharmaceuticals And Chemicals, Electronics And Semiconductor, Pulp And Paper, Printing And Labeling, Food And Beverage, Postal And Logistics, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Machine Vision Market.
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Machine Vision Market Key Players:
Major competitors in the machine vision market include Allied Vision Technologies GmbH, Basler AG, Cognex Corporation, FLIR Systems, Intel Corporation, ISRA Vision, Keyence Corporation.
The Business Research Company's "Global Machine Vision Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Machine Vision Market Include:
1. Executive Summary
2. Machine Vision Market Characteristics
3. Machine Vision Market Trends And Strategies
4. Machine Vision Market - Macro Economic Scenario
5. Machine Vision Market Size And Growth
……
26. Africa Machine Vision Market
27. Machine Vision Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Machine Vision Market
29. Machine Vision Market Future Outlook and Potential Analysis
30. Appendix
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