Press release
Global Machine Vision Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Machine Vision
What Is the Machine Vision Market Size and Projected Growth Rate?
In recent years, there has been robust growth in the size of the machine vision market. The market, originally valued at $19.59 billion in 2024, is anticipated to reach a value of $21.27 billion in 2025 with an 8.6% compound annual growth rate (CAGR). The market's growth over the historic period can be credited to factors such as the increasing demand for quality inspection and automation, fast-paced urbanization, swift adoption of technology, and substantial economic growth in emerging markets.
The market for machine vision is projected to experience a swift expansion in the coming years, increasing to a value of $32.66 billion by 2029 with a compound annual growth rate (CAGR) of 11.3%. The expected growth during the forecast period can be credited to the rise in urbanization, the progression of smart cities, and technological advancements. Noteworthy trends for the forecast period encompass vision-guided robotic systems, advancement in smart cameras, and image processing, the integration of Industry 4.0 and Internet of Things (IoT), as well as the evolution of cyber-physical systems (CPS).
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What Are the Major Segments in the Machine Vision Market?
The machine vision market covered in this report is segmented -
1) By Product: PC-Based And Smart Camera-Based
2) By Offering: Hardware, Software, Service
3) By Deployment Type: General Machine Vision Systems, Robotic Cell
4) By Application: Quality Assurance And Inspection, Positioning And Guidance, Measurement, Identification, Predictive Maintenance
5) By End-User: Automotive, Pharmaceuticals And Chemicals, Electronics And Semiconductors, Pulp And Paper, Printing And Labeling, Food And Beverage, Postal And Logistics, Other End-Users
Subsegments:
1) By PC-Based: Frame Grabbers, Vision Processing Software, Industrial Cameras
2) By Smart Camera-Based: Integrated Smart Cameras, Embedded Vision Systems, All-in-One Machine Vision Solutions
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What Are The Driving Machine Vision Market Evolution?
The growing need for artificial intelligence (AI) is anticipated to stimulate expansion in the machine vision market. AI is the replication of human intelligence methods by computer systems. In the enhancement of machine vision capabilities, AI has a significant role, resulting in better precision, effectiveness, and versatility. For example, according to a report from Australia's government agency, the Commonwealth Scientific and Industrial Research Organization (CSIRO), in May 2023, 68% of Australian businesses have incorporated AI technologies, and an extra 23% plan to integrate them in the coming year. Therefore, the escalating demand for AI is propelling the upsurge of the machine vision market.
Which Firms Dominate The Machine Vision Market Segments?
Major companies operating in the machine vision market include Cognex Corporation, Keyence Corp., Omron Corporation, Sony Corporation, Teledyne Technologies, ISRA Vision AG, Basler AG, Sick AG, Intel Corporation, Texas Instruments, Naver, IDS Imaging Development Systems GmbH, Tordivel AS, Samsung Electronics, LG Electronics, SK Hynix, Azure Photonics, OPT Machine Vision Tech, Hangzhou Contrastech Co. Ltd, Ningbo Hi-Tech S-View Technology Co. Ltd, Stemmer Imaging, Sking Intelligent Equipment, Panasonic, Changchun UpOptotech, Daheng New Epoch Technology, Hunan Chinasun Pharmaceutical Machinery, DALSA, BitFlow, Datalogic, Hikvision, Banner, Baumer, TKH Group, Allied Vision Technologies GmbH, Microscan Systems, Inc., Euclid Labs, Stermedia, Alphamoon, Sigmoidal, Neoteric, Miquido, Merixstudio, Intetics Inc., Google, Facebook, Microsoft, Huawei, WEG, Pix Force, Meerkat Computer Vision, MVisia, IntelliSite, Deep Vision, LMI Technologies Inc., Flir Systems, Inc., National Instruments Corporation, Optotune Ag, Perceptron, Inc., USS Vision, Inc, JAI A/S.
What Trends Are Driving Growth in The Machine Vision Market?
The rise of vision-guided robotic systems is a notable trend in the machine vision market. This innovative system integrates robotic procedures with the support of a machine vision system. The robotic arm gets precise coordinates from a specialized camera that captures and examines an object's image. For example, in February 2022, Europe-based Basler AG, a producer of computer vision applications, introduced an industry-grade stereo camera series to its product range. This series, fitted with vision-guided robotic systems, can recognize objects and perform bin picking. They offer five model variants in monochrome and color, with basic distances of 65 millimeters and 160 millimeters. Each camera comes equipped with a versatile pre-installed software package suitable for a range of robotic applications.
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Which Is The Largest Region In The Machine Vision Market?
Asia-Pacific was the largest region in the machine vision market in 2024. The regions covered in the machine vision market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Machine Vision Market?
2. What is the CAGR expected in the Machine Vision Market?
3. What Are the Key Innovations Transforming the Machine Vision Industry?
4. Which Region Is Leading the Machine Vision Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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