Global Machine Vision Market Size & Outlook, 2024-2030
Global machine vision market, 2018-2030 (US$M)
Related Markets
Global machine vision market highlights
- The global machine vision market generated a revenue of USD 20,378.6 million in 2024 and is expected to reach USD 41,744.0 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 13% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 13,871.9 million in 2024.
- Software is the most lucrative offering segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, Japan is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 20,378.6 million |
| Market revenue in 2030 | USD 41,744.0 million |
| Growth rate | 13% (CAGR from 2025 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 20.4% of the global machine vision market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Japan is the fastest growing regional market and is projected to reach USD 3,974.7 million by 2030.
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Machine Vision Market Scope
Machine Vision Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global machine vision market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to machine vision market will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 68.07% in 2024. Horizon Databook has segmented the Global machine vision market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Machine Vision Offering Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Frame Grabber
- Optics/Lenses
- LED Lighting
- Processor
- Camera
- 2D
- 3D
- Software
- Barcode Reading
- Standard Algorithm
- Deep Learning Software
- Services
- Integration
- Solution Management
- Hardware
- Global Machine Vision Product Outlook (Revenue, USD Million, 2018-2030)
- PC based
- Smart Camera based
- Global Machine Vision Application Outlook (Revenue, USD Million, 2018-2030)
- Quality Assurance & Inspection
- Positioning & Guidance
- Measurement
- Predictive Maintenance
- Identification
- Global Machine Vision End-Use Industry Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Pharmaceuticals & Chemicals
- Electronics & Semiconductor
- Pulp & Paper
- Printing & Labeling
- Food & Beverage
- Glass & Metal
- Postal & Logistics
- Others
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Target buyers of Global machine vision market databook
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Our clientele includes a mix of machine vision market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global machine vision market , including forecasts for subscribers. This global databook contains high-level insights into Global machine vision market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global machine vision market size, by regions, 2018-2030 (US$M)
Top 10 countries: Machine vision market size, 2024 (US$M)
Global machine vision market share, by offering, 2024 & 2030 (%, US$M)
Machine vision market: Opportunity assessment by country
Global machine vision market, by region, 2024 (US$M)
Related regional statistics
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