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Key Trend Reshaping the Industrial Machine Vision Market in 2025: Advanced In Machine Vision For Industrial Automation And Quality Control
What Are the Projections for the Size and Growth Rate of the Industrial Machine Vision Market?The industrial machine vision market is projected to grow from $11.92 billion in 2024 to $12.89 billion in 2025, with a CAGR of 8.1%. The growth drivers include quality control and inspection needs, advancements in computing power, reduced costs and increased affordability, and integration with Industry 4.0 and automation technologies.
The Industrial Machine Vision market will grow to $17.47 billion by 2029 at a CAGR of 7.9%, driven by robotic vision, IoT integration, and edge computing. Trends include the adoption of explainable AI, hyperspectral imaging, and sustainability focus.
What Are the Main Catalysts for Growth in the Industrial Machine Vision Market?
The growing demand for automation is expected to accelerate the growth of the industrial machine vision market. Automation involves using technology and machinery to perform tasks without human intervention, driven by the need for efficiency, cost savings, and quality control. Industrial machine vision systems utilize automation to improve work effectiveness, inventory management, defect detection, and enhance manufacturing processes' speed, accuracy, and efficiency. For example, the International Federation of Robotics reported that the installation of industrial robots in the Americas increased by 31% in 2022, reflecting the growing demand for automation and driving the industrial machine vision market forward.
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Which Businesses Are at the Forefront of Industrial Machine Vision Market Development?
Major companies operating in the industrial machine vision market are Siemens AG, Sony Corporation, Panasonic Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Group, Emerson Electric Co., Rockwell Automation Inc., Keyence Corporation, Omron Corporation, Fanuc Corporation, Zebra Technologies, Synopsys Inc., Coherent Inc., Sick AG, FLIR Systems, Cognex Corporation, Datalogic S.p.A., Balluff Automation India Pvt. Ltd., National Instruments, LMI Technologies Inc., Basler AG, Vitronic GmbH, Baumer Group
What Are the Latest Innovations in the Industrial Machine Vision Market?
In the industrial machine vision market, companies are advancing with innovative solutions like machine vision cameras to enhance industrial automation capabilities. For example, in July 2022, Nikon Corporation, a Japanese digital camera manufacturer, introduced the 'LuFact,' a compact machine vision camera. The camera's separate head design reduces heat buildup and fits applications requiring high-performance imaging in confined spaces.
How Is the Industrial Machine Vision Market Segmented?
The industrial machine vision market covered in this report is segmented -
1) By Component: Hardware, Software
2) By Product: PC-Based, Smart Camera-Based
3) By Technology: Laser, Imaging, Augmented
4) By Application: Measurement, Identification, Positioning And Guidance, Quality Assurance And Inspection, Other Applications
5) By End-User: Automotive, Pharmaceutical And Healthcare, Food And Beverage, Electronics And Semiconductor, Packaging, Process Control, Printing And Labeling, Other End-Users
Subsegments:
1) By Hardware: Cameras, Lenses, Frame Grabbers, Lighting Systems, Processors, Industrial PCs
2) By Software: Imaging And Image Processing Software, Machine Learning And Artificial Intelligence (AI) Software, Vision System Integration Software, Data Management And Analysis Software
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Where Is the Industrial Machine Vision Market Growth Most Prominent?
North America was the largest region in the industrial machine vision market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial machine vision market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Industrial Machine Vision Global Market Report?
- Market Size Analysis: Analyze the Industrial Machine Vision Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Machine Vision 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 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 Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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