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Machine Vision Market Share Driven by Semiconductor and Food Industry Automation | Valuates Reports
Machine Vision MarketThe global Machine Vision market is projected to grow from US$ 8991.9 million in 2024 to US$ 11380 million by 2030, at a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period.
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The Machine Vision Market is experiencing substantial market growth as industries increasingly adopt intelligent imaging solutions for automation, quality inspection, and operational efficiency. Market trends indicate rising deployment of machine vision systems in semiconductor fabrication, food processing, logistics, and agriculture, driven by the need for precise inspection, defect detection, and process optimization. These developments are contributing to the overall market size and shaping long-term market forecast.
By type, the Hardware segment, including cameras, frame grabbers, optics, and processors, holds the largest market share, owing to its critical role in capturing and processing high-resolution images for industrial applications. The Software segment, including deep learning and application-specific solutions, is witnessing rapid growth as AI-enabled algorithms enhance defect recognition, automation, and adaptive process control.
By application, the Semiconductor Industry segment dominates the market share, fueled by the demand for accurate wafer inspection, packaging, and assembly processes. The Food Industry segment is projected to witness the fastest market growth, driven by automation of quality control, packaging, and sorting processes. Other applications, including logistics and agriculture, are contributing to wider adoption across diverse sectors.
Looking ahead, the Machine Vision Market is expected to sustain strong market growth, supported by continuous advancements in imaging hardware, AI-powered software, and system integration. As industries prioritize automation, precision, and operational efficiency, the market forecast indicates broader adoption across semiconductor, food, and emerging industrial sectors.
Major Key Players in the Machine Vision Market
• Cognex
• Basler
• Omron
• National Instruments
• Keyence
• Sony
• Teledyne Technologies
• Texas Instruments
• Allied Vision Technologies
• Intel
• Baumer Optronic
Machine Vision Market by Type
• Hardware (Camera, Frame Grabber, Optics, Processor)
• Software (Deep Learning and Application Specific)
Machine Vision Market by Application
• Semiconductor Industry
• Food Industry
• Logistics
• Agricultural
• Other
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