Global Machine Vision Market Size & Outlook
The machine vision industry worldwide is expected to reach a projected revenue of US$ 41,597.5 million by 2030. A compound annual growth rate of 12.3% is expected of the worldwide machine vision industry from 2024 to 2030.
Revenue, 2023 (US$M)
$18,475.6
Forecast, 2030 (US$M)
$41,597.5
CAGR, 2024 - 2030
12.3%
Report Coverage
Worldwide
Global machine vision market, 2018-2030 (US$M)
Related Markets
Global machine vision market highlights
- The global machine vision market generated a revenue of USD 18,475.6 million in 2023 and is expected to reach USD 41,597.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 12.3% by 2030.
- In terms of segment, hardware accounted for a revenue of USD 11,508.0 million in 2023.
- 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 2023.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 18,475.6 million |
| Market revenue in 2030 | USD 41,597.5 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 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 20.6% of the global machine vision market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Italy is the fastest growing regional market and is projected to reach USD 672.4 million by 2030.
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Machine Vision Market Scope
Machine vision market segmentation & scope
Others
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 62.29% in 2023. 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
- Software
- Services
- 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
- 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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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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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 statistics, by region, 2018-2030 (US$M)
Top 10 countries by Machine Vision Market revenue, 2023 (USD Million)
Top 10 countries by Machine Vision Market revenue, 2023 (USD Million)
Global machine vision market, by region, 2023 (US$M)
Related regional statistics
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