Press release
Industrial Machine Vision Camera Market: Rising Trends, Developments and Forecast 2024-2029
Industrial Machine Vision Camera Market
What Is The Projected Market Size Of The Global Industrial Machine Vision Camera Market And Its Growth Rate?
• Machine Vision Camera Market Size 2024: $11.63 billion
• CAGR 2024-2025: 16.3%
• Expected Market Size by 2025: $13.52 billion
• Expected Market Size by 2029: $23.83 billion
• CAGR 2025-2029: 15.2%
The steady growth in the industrial machine vision camera market can be attributed to an increase in robotic automation, advancements in imaging technologies, and the rise of 3D vision technology among others.
What Is Driving The Growth In The Industrial Machine Vision Camera Market?
The growing adoption of industrial robots is driving the growth of the industrial machine vision camera market. Industrial robots, designed to automatically carry out production-related duties, greatly benefit from the integration of machine vision cameras for adjustment to environmental obstacles and enhancing productivity. The International Federation of Robotics reported the installation of 553,052 industrial robots in factories worldwide in 2022 indicating a 5% increase from the previous year, this surge in the adoption of industrial robots is driving the growth in the market.
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Who Are the Key Players Driving Industrial Machine Vision Camera Market Growth?
Key market players include:
• Teledyne Technologies Incorporated
• Cognex Corporation
• TKH GROUP
• Basler AG
• IDS Imaging Development Systems GmbH
• Toshiba Corporation
• OMRON Corporation
• Baumer Holding AG
• Sony Group Corporation
• Vieworks Co. Ltd.
What Are The Key Trends In The Industrial Machine Vision Camera Market?
Key market trends include:
• Demand for 3D Vision Technology
• Integration of AI and Machine Learning
• Advancement in Imaging Technologies
• High-Resolution Imaging
• 3D Vision Technology
What Are The Segments Of The Global Industrial Machine Vision Camera Market?
The market can be segmented into:
1) By Component: Hardware, Software
2) By Product Type: Line Scan Camera, Area Scan Camera
3) By Applications: Manufacturing, Medical And Life Sciences, Security And Surveillance, Intelligent Transportation System, Other Applications.
Which Region Leads The Industrial Machine Vision Camera Market?
North America was the leading region in the industrial machine vision camera market in 2024. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Industrial Machine Vision Camera Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Machine Vision Camera Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Machine Vision Camera Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Machine Vision Camera Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Machine Vision Camera Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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