Latin America Machine Vision Market Size & Outlook

The machine vision market in Latin America is expected to reach a projected revenue of US$ 1,988.7 million by 2030. A compound annual growth rate of 11.8% is expected of Latin America machine vision market from 2024 to 2030.
Revenue, 2023 (US$M)
$911.5
Forecast, 2030 (US$M)
$1,988.7
CAGR, 2024 - 2030
11.8%
Report Coverage
Latin America

Latin America machine vision market highlights

  • The Latin America machine vision market generated a revenue of USD 911.5 million in 2023.
  • The market is expected to grow at a CAGR of 11.8% from 2024 to 2030.
  • In terms of segment, hardware was the largest revenue generating offering in 2023.
  • Software is the most lucrative offering segment registering the fastest growth during the forecast period.
  • Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.

Latin America data book summary

Market revenue in 2023USD 911.5 million
Market revenue in 2030USD 1,988.7 million
Growth rate11.8% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentSoftware
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software, Services
Key market players worldwideBasler AG, Cognex Corp, Keyence Corp, OMRON Corp, SICK, Inc

Other key industry trends

  • In terms of revenue, Latin America region accounted for 4.9% of the global machine vision market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 19,587.8 million by 2030.

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Machine Vision Market Scope

Machine vision market segmentation & scope
Hardware
Software
Services
PC based
Smart Camera based
Quality Assurance & Inspection
Positioning & Guidance
Measurement
Identification
Automotive
Pharmaceuticals & Chemicals
Electronics & Semiconductor
Pulp & Paper
Printing & Labeling
Food & Beverage
Glass & Metal
Postal & Logistics
Others

Machine Vision Market Companies

Name Profile # Employees HQ Website

Latin America 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 70.95% in 2023. Horizon Databook has segmented the Latin America machine vision market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.


  • Latin America Machine Vision Offering Outlook (Revenue, USD Million, 2018-2030)
    • Hardware
    • Software
    • Services
  • Latin America Machine Vision Product Outlook (Revenue, USD Million, 2018-2030)
    • PC based
    • Smart Camera based
  • Latin America Machine Vision Application Outlook (Revenue, USD Million, 2018-2030)
    • Quality Assurance & Inspection
    • Positioning & Guidance
    • Measurement
    • Identification
  • Latin America 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 Latin America machine vision market databook

  • Our clientele includes a mix of machine vision market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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 continent-level data and insights on the Latin America machine vision market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America machine vision market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America machine vision market size, by country, 2018-2030 (US$M)

Latin America Machine Vision Market Outlook Share, 2023 & 2030 (US$M)

Latin America machine vision market size, by country, 2018-2030 (US$M)

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