Press release
Cognex Corporation's Dataman 280 Series Sets New Standards In Machine Vision Software Market Trend: A Crucial Influence on the Machine Vision Software Market's Transformation in 2025
Machine Vision Software Market Size
The rise in the requirement for quality inspection is anticipated to boost the machine vision software market's expansion. Quality inspection involves a detailed evaluation and assessment of products or operations to meet pre-established specifications and standards, ensuring consistency, dependability, and compliance with regulatory mandates. The use of machine vision software improves the process of quality inspection by providing computerized and exact product or process analysis via image processing and pattern recognition algorithms. This enhances the capability to detect defects or variations more quickly and precisely, leading to better quality control measures, fewer mistakes, and higher product quality standards across various industries. For example, sales of industrial robots in the UK reached an all-time high in 2023, with 3,830 units installed, representing a considerable rise of 51% from the previous year, according to the International Federation of Robotics, a professional non-profit organization based in Germany, in September 2024. Hence, the escalating demand for quality inspection fuels the machine vision software market's growth.
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What Is the projected market size and growth rate for the machine vision software market?
In recent times, the machine vision software market size has experienced rapid expansion. The market is predicted to inflate from $1.76 billion in 2024 to $2.1 billion in 2025, showcasing a compound annual growth rate (CAGR) of 19.0%. The historic growth can be linked to the increased need for quality inspection in the manufacturing sector, the broad acceptance of machine vision in various industries, its manifold benefits in numerous applications, inventory control and customer analytics in the e-commerce and retail sectors, and the moderate market advancement due to the pandemic.
The market for machine vision software is set to experience a substantial surge in the coming years, with the anticipation of it reaching a value of $4.26 billion by the year 2029. This growth, which is expected to be at a compound annual growth rate (CAGR) of 19.4%, is largely attributable to factors such as increased application of automation in manufacturing processes, a growing need for quality inspection, enhancements in product quality, and the automation of complex visual inspection tasks. The emerging trends in this period are projected to be technological advancements, the incorporation of machine vision into robotics for industrial automation, the implementation of industry 4.0 technologies in manufacturing, fostering strategic partnerships and collaborations with new market entrants, and the broadening of machine vision applications.
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What new trends are reshaping the machine vision software market and its opportunities?
Companies at the forefront of the machine vision software industry are focusing on innovative solutions such as the fixed-mount barcode reader technology. This technology implements scanning devices that are permanently placed in a particular location like a conveyor belt or a point of sale. For example, in February 2022, Cognex Corporation, an American company that manufactures machine vision systems, software, and sensors, introduced the DataMan 280 Series Fixed-Mount Barcode. This device is designed to manage numerous ID applications including the challenging 1D, 2D, and Direct Part Mark (DPM) code applications found in the logistics and industrial sectors. The DataMan 280 uses dynamic image generation technology and has a high-resolution sensor that enhances code processing and coverage. This technology boosts throughput and the overall equipment effectiveness (OEE), enabling the accurate reading of complex barcodes. Apart from this, it also provides connection options that suit modern Industry 4.0 manufacturing requirements. The DataMan 280 is ideal for tasks like presentation scanning, bottle and package scanning, pallet scanning, and reading codes on automobile parts, as well as medical devices. Paired with Cognex's Edge Intelligence (EI), it provides advanced Industry 4.0 functionality including effortless web browser connections, device management, and performance monitoring.
What major market segments define the scope and growth of the machine vision software market?
The machine vision software market covered in this report is segmented -
1) By Technology: Personal Computer-Based Machine Vision, Smart Camera-Based Machine Vision, Embedded Machine Vision
2) By Application: Quality Control And Inspection, Robotics And Automation, Packaging And Labeling, Surface Inspection, Security And Surveillance, Other Applications
3) By End Use: Manufacturing, Automotive, Electronics And Semiconductor, Healthcare, Transportation And Logistics, Retail And Consumer Electronics, Banking And Finance, Other End Users
Subsegments:
1) By Personal Computer-Based Machine Vision: Software Solutions, Imaging Hardware Integration, Processing Power Optimization
2) By Smart Camera-Based Machine Vision: Integrated Software Solutions, Onboard Processing Capabilities, Communication Interfaces
3) By Embedded Machine Vision: Custom Hardware Solutions, Compact Software Frameworks, Real-Time Processing Capabilities
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Which region dominates the machine vision software market?
North America was the largest region in the machine vision software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the machine vision software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the machine vision software industry growth?
Major companies operating in the machine vision software market are Alphabet Inc., Microsoft Inc., Intel Corporation, Texas Instruments Incorporated, Atlas Copco AB, Keyence Corporation, Omron Microscan Systems Inc., Teledyne Technologies, Zebra Technologies Corporation, FLIR Systems Inc., TKH Group, National Instrument Corporation, Cognex Corporation, Datalogic S.p.A., Baumer Holding AG, Basler AG, Key Technology Inc., Sick AG, Vitronic GmbH, Isra Vision AG, Stemmer Imaging AG, Matrox Imaging, Allied Vision Technologies GmbH, Qualitas Technologies Pvt. Ltd., MVTec Software GmbH
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What Is Covered In The Machine Vision Software Global Market Report?
•Market Size Forecast: Examine the machine vision software market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the machine vision software market for a structured understanding.
•Key Players Overview: Analyze major players in the machine vision software market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the machine vision software market.
•Segment Contributions: Evaluate how different segments drive overall growth in the machine vision software market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the machine vision software market.
•Industry Challenges: Identify potential risks and obstacles affecting the machine vision software market.
•Competitive Landscape: Review strategic developments in the machine vision software market, including expansions, agreements, and new product launches.
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