GVR Report cover Machine Vision Market Size, Share & Trends Report

Machine Vision Market Size, Share & Trends Analysis Report By Offering, By Product, By Application, By End-Use Industry (Automotive, Pharmaceuticals & Chemicals, Food & Beverage, Printing & Labeling), And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-1-68038-842-8
  • Number of Report Pages: 154
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2021
  • Forecast Period: 2023 - 2030 
  • Industry: Technology

Machine Vision Market Size & Trends

The global machine vision market size was valued at USD 18,475.6 million in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2030. The increasing demand for quality inspection and automation in different industrial verticals is likely to drive the market. Additionally, the need for vision-guided robotic systems across the automotive, food and beverage, pharmaceutical and chemical, and packaging segments is expected to fuel the market growth. The surge in demand for application-oriented machine vision systems is also boosting the adoption of the technology over the forecast period. MV systems involve the ability of a computer to observe, inspect, and scrutinize the work performance by employing one or more video cameras, digital signal processing, and analog-to-digital conversion. The captured data is then transferred to the computer to analyze and provide the desired output. Resolution and sensitivity are two important aspects of any MV system. Resolution is responsible for differentiating between objects, whereas sensitivity is the machine’s ability to detect objects or weak impulses despite dim lights or invisible wavelengths.

U.S. Machine Vision Market size and growth rate, 2024 - 2030

These systems particularly assist in supervising work environments. It offers features such as process control, robotic guidance, and automatic inspection in industrial applications. Industrial production and manufacturing activities are becoming increasingly complicated day by day, creating difficulties and increasing unreliability for the human eye to keenly detect, observe, and examine production activities.

The adoption of machine vision technology in industrial operations has surged, notably supplanting manual inspection and measurements due to the escalating demand for efficient and reliable inspection processes. Machine vision systems, incorporating advanced machine vision cameras and sophisticated image processing capabilities, play a pivotal role in automating measurements and inspections. This integration enhances precision, speed, and accuracy, thereby meeting the imperative for heightened quality control and operational efficiency in diverse industrial applications.

The intensifying need for superior inspection and increasing automation are the key influencing factors paving the way for the notable adoption of machine vision technology. Furthermore, the need for increased quality control by consumers and manufacturers, coupled with government regulations to abide by the prescribed specifications, is expected to catapult the adoption of machine vision technology.

The technology is gaining considerable traction across food and packaging, automotive, pharmaceutical, and other industrial verticals owing to abilities such as improved detection of objects, enhanced analysis, monitoring tolerance, and accurate component measuring.

All these factors are expected to boost the market growth over the forecast period. However, the lack of efficient system operators due to inadequate training is a restraining factor that is likely to obstruct the smooth growth of the market.

Market Concentration & Characteristics

The Machine Vision Market is notably characterized by fragmentation, featuring a diverse array of participants offering a wide spectrum of machine vision solutions. This diversity arises from continual market entries and the introduction of specialized technologies catering to specific industries. Fierce competition prevails, prompting companies to consistently innovate and distinguish their offerings to secure niches in the market.

Machine Vision Market Concentration & Characteristics

This varied landscape allows for a high level of adaptability, enabling businesses to tailor solutions to the specific needs of customers and industry verticals. Remaining agile and responsive to market dynamics is crucial for sustained success in this environment.

To navigate and thrive in this fragmented market, strategic actions such as collaborations, mergers, and acquisitions become imperative. These initiatives not only consolidate technological expertise but also serve as strategic tools for expanding market presence and enhancing overall competitiveness. The nuanced dynamics of the Machine Vision Market, shaped by fragmentation, present both challenges and opportunities that savvy industry players leverage to their advantage.

The Machine Vision Market thrives on continuous innovation, propelled by advancements in imaging technologies and AI algorithms, ensuring state-of-the-art solutions. Rapid product development is a defining characteristic, with a keen focus on enhancing system performance and adaptability to meet dynamic industry needs. Regulatory considerations significantly influence product design and market access, demanding strict adherence to standards and compliance requirements. The growing prominence of service substitutes, particularly in consulting and integration, underscores the industry's shift towards holistic solution offerings. The market exhibits a moderate level of end-user concentration, necessitating tailored solutions for diverse sectors such as manufacturing, healthcare, and automotive to address specific industry requirements effectively.

Offering Insights

In 2023, the hardware segment accounted for the largest revenue share of more than 62% and is anticipated to dominate the market over the forecast period. On the basis of offering, the market has been segregated into hardware, software, and services segments.

Hardware components comprise several objects such as cameras, sensors, processors, frame grabbers, LED lightings, and optics. Cameras held the largest revenue share in 2023, which is attributed to the increasing demand for CMOS imaging sensors. Based on the hardware components used in the machine vision systems, the hardware segment has been further segregated into camera, frame grabber, optics, LED lighting, and processor sub-segments.

The software offerings are bifurcated into barcode reading, standard algorithm, and deep learning software sub-categories. Barcode reading is a process of verifying the quality of a picture/photograph comprising a barcode before and after printing. Machine vision software system sets parameters and standards related to International Organizations for Standardization (ISO) that support barcode verification quality standards. Barcode comprises bars and spaces, and a scanner scans the code to interpret the correctness of the code. The barcode reading segment is expected to register a significant CAGR from 2024 to 2030.

The deep learning software sub-segment is anticipated to register the highest growth rate over the forecast period owing to the increasing demand for smart machine vision systems that are equipped with the capabilities of reacting smartly based on the necessity of the operation across different industry verticals.

Additionally, in the services segment, machine vision providers offer mainly two types of services, namely integration and solution management. Machine vision system integrators are used for inspection, testing, assembly, and gaging applications and help customers to meet their product specifications. Moreover, solution management is used for single-step debug operations, inspection control (start and stop), and open and save solutions.

The offering segment is anticipated to exhibit a steady growth rate over the projected period owing to the large market share of the hardware components. The hardware offering segment is expected to continue growing over the forecast period. In addition, the software segment is expected to contribute progressively to the overall industry growth and help strengthen the market.

Product Insights

The product segment has been sub-categorized into PC based and smart camera-based systems. In 2023, the PC based segment held a market share of exceeding 54% in the global market and expected to exhibit a CAGR of nearly 12.4% from 2024 to 2030. The segment is anticipated to continue growing and lead the market in terms of revenue over the estimated duration.

However, smart camera-based systems are projected to exhibit a robust growth rate over the forecast period. The segment is subjected to grow at the fastest rate from 2024 to 2030. This considerable growth of the segment is attributable to the growing adoption of cameras in 3D imaging.

Machine vision systems, also called vision systems, consist of numerous cameras. At times, depending upon the requirements, these cameras are mounted over the assembly lines to observe and examine products and capture data. This is leading to the greater adoption of smart cameras in these systems.

Cameras are also capable of reading labels and directing products automatically without any human involvement. Minimized human intervention has led to decreased errors and increased accuracy in inspecting labels and tags. These aspects of smart cameras are influencing the adoption of the technology across various industrial sectors, thereby fueling the overall market growth.

Application Insights

In 2023, the quality assurance & inspection segment held the largest market share of more than 51% in the global market and expected to exhibit a CAGR of 12.4% from 2024 to 2030. On the basis of application, the market has been segmented into quality assurance and inspection, positioning and guidance, measurement, identification, and predictive maintenance. The systems are extensively used for scanning and identifying labels, barcodes, and texts, especially in the packaging sector. This automates packaging activities, thereby saving time, avoiding human errors, and increasing efficiency.

Global Machine Vision Market share and size, 2023

The technology is frequently used in the consumer goods, pharmaceutical, and packaging sectors. The adoption of technology in these sectors has resulted in reduced counterfeit products to a large extent, eventually serving the overall market to gain traction for increased adoption.

Identification using machine imaging is also used in camera surveillance, monitoring traffic, or recognizing number plates for security purposes. The segment is expected to grow at a rapid CAGR from 2023 to 2030, owing to several advantages and opportunities offered to the technology worldwide

End-Use Industry Insights

In 2023, the automotive end-use industry held the largest market share of more than 19% in the global market and expected to exhibit significant CAGR from 2024 to 2030.  On the basis of end-use industry, the market has been categorized into automotive, pharmaceuticals and chemicals, electronics and semiconductors, pulp and paper, printing and labeling, food and beverage (packaging and bottling), glass and metal, postal and logistics, and others. Currently, the automotive industry is the largest adopter of machine vision systems worldwide and it will continue growing at a steady rate over the forecast period.

Machine vision in the automotive industry is extensively used for inspection purposes, which include presence-absence checking, error proofing, assembly verification, and final inspection. Besides, the MV system is also used for dimensional gauging, robotic guidance, and testing automation purposes, which come under the measure, gauge, and guide applications. Therefore, the demand for mechanized imaging is significant across the automobile sector and is anticipated to continue growing steadily over the coming years.

The food and beverage industry is projected to register the highest growth rate over the forecast period. MV systems in the food and beverage industry are prominently used in packaging and bottling operations. Followed by the food and beverage end-use industry segment, the machine vision systems are likely to witness significant growth in the pharmaceuticals and chemicals, printing and labeling, and other industry verticals, which include agriculture, rubber and plastic processing, solar paneling, machinery and equipment, and security and surveillance.

Regional Insights

Asia Pacific dominated the market with a revenue share of over 42.0% in 2023. The region is likely to grow at a robust rate from 2024 to 2030. This large market share and regional growth can be accredited to the lucrative opportunities in automotive, packaging, pharmaceutical, and other industrial applications in the Asia Pacific region.

Machine Vision Market Trends, by Region, 2024 - 2030

As the region is establishing itself to become a global manufacturing hub, the technology is anticipated to gain significant traction over the forecast period. China and Japan are prominent countries having the potential to offer extensive opportunities for emerging as well as matured technologies such as machine vision. The numerous manufacturing industries are contributing to the growth and prosperity of the regional economic growth.

In addition to this, the expenditure and operational benefits, coupled with the initiatives being undertaken by the governments of emerging countries, such as South Korea, India, Taiwan, and Singapore, are responsible for catapulting investments and encouraging different industry players to establish their production units in the Asia Pacific region.

Furthermore, increasing investments are being carried out in R&D activities to improve machine vision technology and related developments, due to which prominent players are undertaking strategic initiatives such as distribution alliances, partnerships, mergers, and acquisitions. As such, all these factors are expected to propel the growth of the market in the Asia Pacific region

Some of the prominent players in the machine vision market include: 

U.K. machine vision market

The machine vision Market in the U.K.accounted for a revenue share of 14.9% in the European market. The growth can be attributed to the increased automation across various industries, particularly in manufacturing and logistics, driven by the need for efficiency and quality control.

France machine vision market

The machine vision Market in Franceaccounted for a revenue share more than 14% in the European market. The revenue share can be attributed to the advancements in artificial intelligence and robotics, leading to greater adoption of machine vision systems in industries such as automotive, aerospace, and healthcare.

Germany machine vision market

The machine vision Market in Germanyaccounted for a revenue share of more than 34%. The revenue share can be attributed to the country's strong manufacturing base and leadership in Industry 4.0 initiatives, driving demand for advanced vision inspection systems and quality control solutions.

China machine vision market

The machine vision market in Chinaaccounted for a revenue share of more than 22% in the Asia Pacific market. The revenue share can be attributed to the government's "Made in China 2025" initiative are driving the adoption of machine vision technologies in manufacturing, logistics, and surveillance applications, fueling market growth.

India machine vision market

The machine vision market in Indiaaccounted for a revenue share of 7.5% in the Asia Pacific market. The revenue share can be attributed to the increasing investments in infrastructure development and the adoption of automation technologies across industries such as automotive, electronics, and pharmaceuticals.

Japan machine vision market

The machine vision market in Japanaccounted for a revenue share of more than 25% in the Asia Pacific market. The revenue share can be attributed to the country's leadership in robotics and automation, with industries such as automotive, electronics, and precision manufacturing driving demand for machine vision systems to improve productivity and quality control.

Kingdom of Saudi Arabia (KSA) machine vision market

The growth of the machine vision market in KSA can be attributed to the government initiatives to diversify the economy and boost manufacturing sectors are driving investment in automation technologies, including machine vision systems, to enhance operational efficiency and competitiveness.

Key Machine Vision Market Company Insights

Some of the key players operating in the market include, Keyence Corporation and Sick AG among others.

  • Keyence Corporation develops and manufactures industrial automation and inspection equipment across the globe. The company’s products include code readers, static eliminators, laser markers, sensors, machine vision, microscopes, and measuring systems. Additionally, the company offers pressure, temperature, analog, and flow sensor controllers for monitoring equipment processes.

  • Sick AG is engaged in the production of sensors and sensor solutions for industrial applications. It operates through process automation, logistics automation, and factory automation segments. It provides a broad range of product portfolio including encoders, photoelectric sensors, proximity sensors, opto-electronic protective devices, magnetic cylinder sensors, and safety switches among others.

OMRON Corporation, and National Instruments Corp. are some of the emerging market participants in the target market.

  • OMRON Corporation manufactures automation equipment, systems, and components. The company also specializes in power supplies, robotics, motion/drivers, environment measurement equipment/energy conservation support, automation systems, relays, control components, switches, safety components, sensors, and automation systems, among others. The company is also known for its medical equipment, including nebulizers, blood pressure monitors, and digital thermometers. The company also provides environmental solutions and power distribution and controls for drilling rigs.

  • National Instruments Corp. manufactures and sells virtual instrumentation software and automated test equipment. The company offers its products and solutions to automotive, advanced research, automated test equipment, commercial aerospace, consumer electronics, computers, continuous process manufacturing, government, pharmaceutical, energy, telecommunications, and other industries.

Key Machine Vision Companies:

The following are the leading companies in the machine vision market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these machine vision companies are analyzed to map the supply network.

  • Allied Vision Technologies Gmbh
  • Basler AG
  • Cognex Corporation
  • Keyence Corporation
  • LMI Technologies, Inc.
  • National Instruments Corp.
  • OMRON Corporation
  • Sick AG
  • Tordivel AS

Recent Developments

  • In June 2023, Allied Vision Technologies Gmbh, exhibited a substantial range of technologies and products at ‘Automatica’ in Munich. These included the ‘Alvium G1’ and ‘Alvium G5’ small GigE Vision and 5GigE Vision cameras; the launch of the company’s ‘AI-Blox’ platform together with its upcoming GMSL-2 Alvium GM2 camera; the Nerian 3D depth camera ‘Ruby’; and a look at the company’s Goldeye XSWIR camera.

  • In June 2023, Omron Automation Americas launched the F440 Smart Camera for providing flexibility to machine vision operations. It includes a high resolution sensor, customizable lighting and optics, and a simplified vision system configuration via the ‘AutoVISION’ software. The camera is useful in applications including cap inspection, box count, fill level inspection, measurement, and label barcode & OCR, among others.

  • In June 2023, SICK Ag announced its new multiScan100 family with the launch of the ‘multiScan136’, which uses time of flight (TOF) measurement to create a 3D perception of its surroundings. The multiScan136 provides 3D measurement data for accurate self-localization of vehicles, while simultaneously mapping the environment. It has been indicated for use in mobile robotics in logistics and manufacturing, and indoor & outdoor measurements.

  • .In May 2023, Cognex Corporation launched the ‘Advantage 182’ vision system for the automation of complex location, classification, and inspection tasks, particularly in the life sciences industry. The system features advanced machine vision, barcode reading, and edge learning technology for automating tasks such as presence/absence detection, track-and-trace applications, high-precision alignment, and complex color inspections.

Machine Vision Market Report Scope

Report Attribute

Details

Market Size Value in 2023

USD 18,475.6 million

Revenue forecast in 2030

USD 41.6 billion

Growth rate

CAGR of 12.7% from 2024 to 2030

Actual Data

2017 - 2030

Forecast period

2023 - 2030

Quantitative units                                    

Revenue in USD Million and CAGR from 2024 to 2030

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Offering (Hardware, Software, Services), Product, Application, End-Use Industry, and Region

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

U.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, Australia, Singapore, Brazil, Israel, KSA, UAE, and South Africa

Key companies profiled

Allied Vision Technologies GmbH, Basler AG, Cognex Corporation, Keyence Corporation, LMI Technologies, Inc., National Instruments Corpor., OMRON Corporation, Sick AG, Tordivel AS

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

 

Global Machine Vision Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global machine vision market report on the basis of offerings, products, applications, end-use industry, and region:

Global Machine Vision Market Report Segmentation

  • Offering Outlook (Revenue, USD Million, 2017 - 2030)

    • Hardware

      • Camera

      • Frame Grabber

      • Optics/Lenses

      • LED Lighting

      • Processor

    • Software

      • Barcode Reading

      • Standard Algorithm

      • Deep Learning Software

    • Services

      • Integration

      • Solution Management

  • Product Outlook (Revenue, USD Million, 2017 - 2030)

    • PC Based

    • Smart Camera Based

  • Application Outlook (Revenue, USD Million, 2017 - 2030)

    • Quality Assurance and Inspection

    • Positioning and Guidance

    • Measurement

    • Identification

    • Predictive Maintenance

  • End-use Industry Outlook (Revenue, USD Million, 2017 - 2030)

    • Automotive

    • Pharmaceuticals & Chemicals

    • Electronics & Semiconductor

    • Pulp & Paper

    • Printing & Labeling

    • Food & Beverage (Packaging and Bottling)

    • Glass & Metal

    • Postal & Logistics

    • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)

  • Regional Outlook (Revenue, USD Million, 2017 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    •  Europe

      • U.K.

      • Germany

      • France

      • Italy

    • Asia Pacific

      • China

      • Japan

      • Australia

      • Singapore

      • South Korea

    • South America

      • Brazil

    • Middle East & Africa

      • Israel

      • KSA

      • UAE

      • South Africa

Frequently Asked Questions About This Report

Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation and Scope
                    1.2. Market Definitions
                    1.3. Research Methodology
                        1.3.1. Information Procurement
                        1.3.2. Information or Data Analysis
                        1.3.3. Market Formulation & Data Visualization
                        1.3.4. Data Validation & Publishing
                    1.4. Research Scope and Assumptions
                        1.4.1. List of Data Sources
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segment Outlook
                    2.3. Competitive Insights
Chapter 3. Industry Outlook
                    3.1. Market Introduction/Lineage Outlook
                    3.2. Industry Value Chain Analysis
                    3.3. Market Dynamics
                        3.3.1. Market Drivers Analysis
                        3.3.2. Market Restraints Analysis
                        3.3.3. Industry Opportunities
                        3.3.4. Industry Challenges
                    3.4. Machine Vision Market Analysis Tools
                        3.4.1. Porter’s Analysis
                            3.4.1.1. Bargaining power of the suppliers
                            3.4.1.2. Bargaining power of the buyers
                            3.4.1.3. Threats of substitution
                            3.4.1.4. Threats from new entrants
                            3.4.1.5. Competitive rivalry
                        3.4.2. PESTEL Analysis
                            3.4.2.1. Political landscape
                            3.4.2.2. Economic and Social landscape
                            3.4.2.3. Technological landscape
                            3.4.2.4. Environmental landscape
                            3.4.2.5. Legal landscape
                        3.4.3. Use Case Analysis by End-use Verticals in Machine Vision Market
Chapter 4. Machine Vision Market: Offering Estimates & Trend Analysis
                    4.1. Segment Dashboard
                    4.2. Machine Vision Market: Offering Movement Analysis, USD Million, 2023 & 2030
                    4.3. Hardware
                        4.3.1. Hardware Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                        4.3.2. Camera
                            4.3.2.1. Camera Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                        4.3.3. Frame Grabber
                            4.3.3.1. Frame Grabber Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                        4.3.4. Optics/Lenses
                            4.3.4.1. Optics/Lenses Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                        4.3.5. LED Lighting
                            4.3.5.1. LED Lighting Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                    4.4. Software
                        4.4.1. Software Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                        4.4.2. Barcode Reading
                            4.4.2.1. Barcode Reading Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                        4.4.3. Standard Algorithm
                            4.4.3.1. Standard Algorithm Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                        4.4.4. Deep Learning Software
                            4.4.4.1. Deep Learning Software Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                    4.5. Service
                        4.5.1. Software Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                        4.5.2. Integration
                            4.5.2.1. Integration Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                        4.5.3. Solution Management
                            4.5.3.1. Solution Management Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 5. Machine Vision Market: Product Estimates & Trend Analysis
                    5.1. Segment Dashboard
                    5.2. Machine Vision Market: Product Movement Analysis, USD Million, 2023 & 2030
                    5.3. PC Based
                        5.3.1. PC Based Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                    5.4. Smart Camera Based
                        5.4.1. Smart Camera Based Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 6. Machine Vision Market: Application Estimates & Trend Analysis
                    6.1. Segment Dashboard
                    6.2. Machine Vision Market: Application Movement Analysis, USD Million, 2023 & 2030
                    6.3. Quality Assurance & Inspection
                        6.3.1. Quality Assurance & Inspection Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                    6.4. Positioning & Guidance
                        6.4.1. Positioning & Guidance Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                    6.5. Measurement
                        6.5.1. Measurement Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                    6.6. Identification
                        6.6.1. Identification Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                    6.7. Predictive Maintenance
                        6.7.1. Predictive Maintenance Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 7. Machine Vision Market: End-Use Estimates & Trend Analysis
                    7.1. Segment Dashboard
                    7.2. Machine Vision Market: End-Use Movement Analysis, USD Million, 2023 & 2030
                    7.3. Automotive
                        7.3.1. Automotive Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                    7.4. Pharmaceuticals & Chemicals
                        7.4.1. Pharmaceuticals & Chemicals Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                    7.5. Electronics & Semiconductor
                        7.5.1. Electronics & Semiconductor Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                    7.6. Pulp & Paper
                        7.6.1. Pulp & Paper Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                    7.7. Printing & Labeling
                        7.7.1. Printing & Labeling Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                    7.8. Food & Beverage (Packaging and Bottling)
                        7.8.1. Food & Beverage (Packaging and Bottling) Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                    7.9. Glass & Metal
                        7.9.1. Glass & Metal Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                    7.10. Postal & Logistics
                        7.10.1. Postal & Logistics Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
                    7.11. Others
                        7.11.1. Others Market Revenue Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8. Machine Vision Market: Regional Estimates & Trend Analysis
                    8.1. Machine Vision Market Share, By Region, 2023 & 2030, USD Million
                    8.2. North America
                        8.2.1. North America Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                        8.2.2. North America Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                        8.2.3. North America Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                        8.2.4. North America Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                        8.2.5. North America Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.2.6. U.S.
                            8.2.6.1. U.S. Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.2.6.2. U.S. Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.2.6.3. U.S. Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.2.6.4. U.S. Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.2.6.5. U.S. Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.2.6.6. U.S. Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.2.7. Canada
                            8.2.7.1. Canada Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.2.7.2. Canada Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.2.7.3. Canada Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.2.7.4. Canada Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.2.7.5. Canada Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.2.7.6. Canada Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.2.8. Mexico
                            8.2.8.1. Mexico Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.2.8.2. Mexico Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.2.8.3. Mexico Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.2.8.4. Mexico Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.2.8.5. Mexico Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.2.8.6. Mexico Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                    8.3. Europe
                        8.3.1. Europe Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                        8.3.2. Europe Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                        8.3.3. Europe Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                        8.3.4. Europe Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                        8.3.5. Europe Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.3.6. U.K.
                            8.3.6.1. U.K. Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.3.6.2. U.K. Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.3.6.3. U.K. Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.3.6.4. U.K. Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.3.6.5. U.K. Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.3.6.6. U.K. Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.3.7. Germany
                            8.3.7.1. Germany Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.3.7.2. Germany Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.3.7.3. Germany Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.3.7.4. Germany Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.3.7.5. Germany Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.3.7.6. Germany Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.3.8. France
                            8.3.8.1. France Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.3.8.2. France Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.3.8.3. France Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.3.8.4. France Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.3.8.5. France Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.3.8.6. France Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.3.9. Italy
                            8.3.9.1. Italy Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.3.9.2. Italy Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.3.9.3. Italy Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.3.9.4. Italy Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.3.9.5. Italy Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.3.9.6. Italy Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                    8.4. Asia Pacific
                        8.4.1. Asia Pacific Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                        8.4.2. Asia Pacific Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                        8.4.3. Asia Pacific Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                        8.4.4. Asia Pacific Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                        8.4.5. Asia Pacific Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.4.6. China
                            8.4.6.1. China Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.4.6.2. China Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.4.6.3. China Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.4.6.4. China Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.4.6.5. China Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.4.6.6. China Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.4.7. Japan
                            8.4.7.1. Japan Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.4.7.2. Japan Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.4.7.3. Japan Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.4.7.4. Japan Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.4.7.5. Japan Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.4.7.6. Japan Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.4.8. Australia
                            8.4.8.1. Australia Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.4.8.2. Australia Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.4.8.3. Australia Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.4.8.4. Australia Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.4.8.5. Australia Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.4.8.6. Australia Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.4.9. Singapore
                            8.4.9.1. Singapore Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.4.9.2. Singapore Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.4.9.3. Singapore Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.4.9.4. Singapore Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.4.9.5. Singapore Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.4.9.6. Singapore Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.4.10. India
                            8.4.10.1. India Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.4.10.2. India Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.4.10.3. India Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.4.10.4. India Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.4.10.5. India Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.4.10.6. India Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.4.11. Singapore
                            8.4.11.1. Singapore Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.4.11.2. Singapore Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.4.11.3. Singapore Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.4.11.4. Singapore Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.4.11.5. Singapore Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.4.11.6. Singapore Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                    8.5. South America
                        8.5.1. South America Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                        8.5.2. South America Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                        8.5.3. South America Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                        8.5.4. South America Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                        8.5.5. South America Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.5.6. Brazil
                            8.5.6.1. Brazil Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.5.6.2. Brazil Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.5.6.3. Brazil Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.5.6.4. Brazil Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.5.6.5. Brazil Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.5.6.6. Brazil Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                    8.6. Middle East and Africa
                        8.6.1. Middle East and Africa Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                        8.6.2. Middle East and Africa Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                        8.6.3. Middle East and Africa Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                        8.6.4. Middle East and Africa Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                        8.6.5. Middle East and Africa Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.6.6. Israel
                            8.6.6.1. Israel Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.6.6.2. Israel Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.6.6.3. Israel Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.6.6.4. Israel Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.6.6.5. Israel Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.6.6.6. Israel Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.6.7. Kingdom of Saudi Arabia (KSA)
                            8.6.7.1. Kingdom of Saudi Arabia (KSA) Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.6.7.2. Kingdom of Saudi Arabia (KSA) Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.6.7.3. Kingdom of Saudi Arabia (KSA) Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.6.7.4. Kingdom of Saudi Arabia (KSA) Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.6.7.5. Kingdom of Saudi Arabia (KSA) Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.6.7.6. Kingdom of Saudi Arabia (KSA) Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.6.8. UAE
                            8.6.8.1. UAE Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.6.8.2. UAE Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.6.8.3. UAE Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.6.8.4. UAE Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.6.8.5. UAE Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.6.8.6. UAE Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
                        8.6.9. South Africa
                            8.6.9.1. SOUTH AFRICA Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.6.9.2. SOUTH AFRICA Machine Vision Market Estimates and Forecasts, 2017 - 2030 (USD Million)
                            8.6.9.3. SOUTH AFRICA Machine Vision Market Estimates and Forecasts, by Offering, 2017 - 2030 (USD Million)
                            8.6.9.4. SOUTH AFRICA Machine Vision Market Estimates and Forecasts, by Product, 2017 - 2030 (USD Million)
                            8.6.9.5. SOUTH AFRICA Machine Vision Market Estimates and Forecasts, By Application, 2017 - 2030 (USD Million)
                            8.6.9.6. SOUTH AFRICA Machine Vision Market Estimates and Forecasts, By End-use, 2017 - 2030 (USD Million)
Chapter 9. Competitive Landscape
                    9.1. Recent Developments & Impact Analysis by Key Market Participants
                    9.2. Company Categorization
                    9.3. Company Market Positioning
                    9.4. Company Market Share Analysis
                    9.5. Strategy Mapping
                        9.5.1. Expansion
                        9.5.2. Mergers & Acquisition
                        9.5.3. Partnerships & Collaborations
                        9.5.4. New Transport Launches
                        9.5.5. Research And Development
                    9.6. Company Profiles
                        9.6.1. Allied Vision Technologies GmbH (A subsidiary of TKH Group NV)
                            9.6.1.1. Participant’s Overview
                            9.6.1.2. Financial Performance
                            9.6.1.3. Product Benchmarking
                            9.6.1.4. Recent Developments
                        9.6.2. Altair Engineering
                            9.6.2.1. Participant’s Overview
                            9.6.2.2. Financial Performance
                            9.6.2.3. Product Benchmarking
                            9.6.2.4. Recent Developments
                        9.6.3. Basler AG
                            9.6.3.1. Participant’s Overview
                            9.6.3.2. Financial Performance
                            9.6.3.3. Product Benchmarking
                            9.6.3.4. Recent Developments
                        9.6.4. Cognex Corporation
                            9.6.4.1. Participant’s Overview
                            9.6.4.2. Financial Performance
                            9.6.4.3. Product Benchmarking
                            9.6.4.4. Recent Developments
                        9.6.5. Keyence Corporation
                            9.6.5.1. Participant’s Overview
                            9.6.5.2. Financial Performance
                            9.6.5.3. Product Benchmarking
                            9.6.5.4. Recent Developments
                        9.6.6. LMI Technologies, Inc. (A subsidiary of TKH Group NV)
                            9.6.6.1. Participant’s Overview
                            9.6.6.2. Financial Performance
                            9.6.6.3. Product Benchmarking
                            9.6.6.4. Recent Developments
                        9.6.7. National Instruments Corp
                            9.6.7.1. Participant’s Overview
                            9.6.7.2. Financial Performance
                            9.6.7.3. Product Benchmarking
                            9.6.7.4. Recent Developments
                        9.6.8. OMRON Corporation
                            9.6.8.1. Participant’s Overview
                            9.6.8.2. Financial Performance
                            9.6.8.3. Product Benchmarking
                            9.6.8.4. Recent Developments
                        9.6.9. Sick AG
                            9.6.9.1. Participant’s Overview
                            9.6.9.2. Financial Performance
                            9.6.9.3. Product Benchmarking
                            9.6.9.4. Recent Developments
                        9.6.10. Tordivel AS
                            9.6.10.1. Participant’s Overview
                            9.6.10.2. Financial Performance
                            9.6.10.3. Product Benchmarking
                            9.6.10.4. Recent Developments


List of Tables

Table 1 List of Abrevation
Table 2 Global MACHINE VISION Market revenue estimates and forecast, by Offering, 2017 - 2030 (USD Million)
Table 3 Global MACHINE VISION Market revenue estimates and forecast, by Product, 2017 - 2030 (USD Million)
Table 4 Global MACHINE VISION Market revenue estimates and forecast, By Appication, 2017 - 2030 (USD Million)
Table 5 Global MACHINE VISION Market revenue estimates and forecast, By End-use, 2017 - 2030 (USD Million)
Table 6 Global MACHINE VISION Market revenue, by Region, 2023 & 2030 (USD Million)
Table 7 North America MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 8 North America MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 9 North America MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 10 North America MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 11 North America MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 12 U.S. MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 13 U.S. MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 14 U.S. MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 15 U.S. MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 16 U.S. MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 17 Canada MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 18 Canada MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 19 Canada MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 20 Canada MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 21 Canada MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 22 Mexico MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 23 Mexico MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 24 Mexico MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 25 Mexico MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 26 Mexico MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 27 Europe MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 28 Europe MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 29 Europe MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 30 Europe MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 31 Europe MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 32 U.K. MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 33 U.K. MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 34 U.K. MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 35 U.K. MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 36 U.K. MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 37 Germany MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 38 Germany MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 39 Germany MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 40 Germany MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 41 Germany MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 42 Germany MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 43 France MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 44 France MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 45 France MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 46 France MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 47 France MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 48 Italy MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 49 Italy MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 50 Italy MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 51 Italy MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 52 Italy MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 53 Asia Pacific MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 54 Asia Pacific MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 55 Asia Pacific MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 56 Asia Pacific MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 57 Asia Pacific MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 58 China MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 59 China MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 60 China MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 61 China MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 62 China MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 63 Japan MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 64 Japan MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 65 Japan MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 66 Japan MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 67 Japan MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 68 Australia MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 69 Australia MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 70 Australia MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 71 Australia MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 72 Australia MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 73 Singapore MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 74 Singapore MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 75 Singapore MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 76 Singapore MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 77 Singapore MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 78 India MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 79 India MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 80 India MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 81 India MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 82 India MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 83 South Korea MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 84 South Korea MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 85 South Korea MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 86 South Korea MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 87 South Korea MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 88 South America MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 89 South America MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 90 South America MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 91 South America MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 92 South America MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 93 Brazil MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 94 Brazil MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 95 Brazil MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 96 Brazil MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 97 Brazil MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 98 Middle East & Africa MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 99 Middle East & Africa MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 100 Middle East & Africa MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 101 Middle East & Africa MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 102 Middle East & Africa MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million)
Table 103 Israel MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 104 Israel MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 105 Israel MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 106 Israel MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 107 Israel MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million) Participant’s Overview
Table 108 KSA MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 109 KSA MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 110 KSA MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 111 KSA MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 112 KSA MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million) Participant’s Overview
Table 113 UAE MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 114 UAE MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 115 UAE MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 116 UAE MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 117 UAE MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million) Participant’s Overview
Table 118 South Africa MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Table 119 South Africa MACHINE VISION Market estimates & forecasts, by offering, 2017 - 2030 (USD Million)
Table 120 South Africa MACHINE VISION Market estimates & forecasts, by product, 2017 - 2030 (USD Million)
Table 121 South Africa MACHINE VISION Market estimates & forecasts, by application, 2017 - 2030 (USD Million)
Table 122 South Africa MACHINE VISION Market estimates & forecasts, by end-use, 2017 - 2030 (USD Million) Participant’s Overview
Table 123 Financial Performance
Table 124 Deployment-model Benchmarking
Table 125 Key companies undergoing expansion
Table 126 Key companies involved in mergers & acquisitions
Table 127 Key companies undertaking partnerships and collaboration
Table 128 Key companies launching new product/component launches


List of Figures

Fig. 1 Machine Vision Market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Market snapshot
Fig. 7 Segment snapshot, by Service and Transport
Fig. 8 Segment snapshot By End-Use
Fig. 9 Competitive landscape snapshot
Fig. 10 MACHINE VISION Market value, 2017 - 2030 (USD Million)
Fig. 11 MACHINE VISION Market - Industry value chain analysis
Fig. 12 MACHINE VISION Market - Market trends
Fig. 13 MACHINE VISION Market: Porter’s analysis
Fig. 14 MACHINE VISION Market: PESTEL analysis
Fig. 15 MACHINE VISION Market, by Offering: Key takeaways
Fig. 16 MACHINE VISION Market, by Offering : Market share, 2023 & 2030
Fig. 17 Hardware MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 18 Camera MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 19 Frame Grabber MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 20 Optics/Lenses MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 21 LED Lighting MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 22 Processor MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 23 Software MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 24 Barcode Reading MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 25 Standard Algorithm MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 26 Deep Learning Software MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 27 MACHINE VISION Market, by Product: Key takeaways
Fig. 28 MACHINE VISION Market, by Product: Market share, 2023 & 2030
Fig. 29 PC Based MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 30 Smart Camera Based MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 31 MACHINE VISION Market, by Application: Key takeaways
Fig. 32 MACHINE VISION Market, by Application: Market share, 2023 & 2030
Fig. 33 Quality Assurance & Inspection MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 34 Positioning & Guidance MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 35 Measurement MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 36 Identification MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 37 Predictive Maintenance MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 38 MACHINE VISION Market, By End-Use: Key takeaways
Fig. 39 MACHINE VISION Market, By End-Use: Market share, 2023 & 2030
Fig. 40 Automotive MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 41 Pharmaceuticals & Chemicals MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 42 Electronics & Semiconductor MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 43 Pulp & Paper MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 44 Printing & Labeling MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 45 Food & Beverage (Packaging and Bottling) MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 46 Glass & Metal (Packaging and Bottling) MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 47 Postal & Logistics (Packaging and Bottling) MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 48 Other (Packaging and Bottling) MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 49 Global MACHINE VISION Market revenue, by Region, 2023 & 2030 (USD Million)
Fig. 50 North America MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 51 U.S. MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 52 Canada MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 53 Mexico MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 54 Europe MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 55 U.K. MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 56 Germany MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 57 France MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 58 Italy MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 59 Asia Pacific MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 60 China MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 61 Japan MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 62 Australia MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 63 Singapore MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 64 India MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 65 South Korea MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 66 South America MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 67 Brazil MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 68 Middle East & Africa MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 69 Israel MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 70 KSA MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 71 UAE MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 72 South Africa MACHINE VISION Market estimates & forecasts, 2017 - 2030 (USD Million)
Fig. 73 Key company categorization
Fig. 74 MACHINE VISION Market - Key company market share analysis, 2023
Fig. 75 Strategic Framework

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Market Segmentation

  • Offering Outlook (Revenue, USD Million; 2017 - 2030)
    • Hardware
    • Software
    • Services
  • Product Outlook (Revenue, USD Million; 2017 - 2030)
    • PC Based
    • Smart Camera Based
  • Application Outlook (Revenue, USD Million; 2017 - 2030)
    • Quality Assurance and Inspection
    • Positioning and Guidance
    • Measurement
    • Identification
    • Predictive Maintenance
  • End-Use Industry Outlook (Revenue, USD Million; 2017 - 2030)
    • Automotive
    • Pharmaceuticals & Chemicals
    • Electronics & Semiconductor
    • Pulp & Paper
    • Printing & Labeling
    • Food & Beverage (Packaging and Bottling)
    • Glass & Metal
    • Postal & Logistics
    • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
  • Regional Outlook (Revenue, USD Million; 2017 - 2030)
    • North America
      • North America Machine Vision Market by Offering
        • Hardware
        • Software
        • Services
      • North America Machine Vision Market by Product
        • PC Based
        • Smart Camera Based
      • North America Machine Vision Market by Application
        • Quality Assurance and Inspection
        • Positioning and Guidance
        • Measurement
        • Identification
      • North America Machine Vision Market by End-Use Industry
        • Automotive
        • Pharmaceuticals & Chemicals
        • Electronics & Semiconductor
        • Pulp & Paper
        • Printing & Labeling
        • Food & Beverage
        • Glass & Metal
        • Postal & Logistics
        • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • U.S.
        • U.S. Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • U.S. Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • U.S. Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • U.S. Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • Canada
        • Canada Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • Canada Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • Canada Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • Canada Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • Mexico
        • Mexico Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • Mexico Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • Mexico Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • Mexico Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
    • Europe
      • Europe Machine Vision Market by Offering
        • Hardware
        • Software
        • Services
      • Europe Machine Vision Market by Product
        • PC Based
        • Smart Camera Based
      • Europe Machine Vision Market by Application
        • Quality Assurance and Inspection
        • Positioning and Guidance
        • Measurement
        • Identification
      • Europe Machine Vision Market by End-Use Industry
        • Automotive
        • Pharmaceuticals & Chemicals
        • Electronics & Semiconductor
        • Pulp & Paper
        • Printing & Labeling
        • Food & Beverage
        • Glass & Metal
        • Postal & Logistics
        • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • U.K.
        • U.K. Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • U.K. Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • U.K. Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • U.K. Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • Germany
        • Germany Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • Germany Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • Germany Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • Germany Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • France
        • France Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • France Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • France Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • France Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • Italy
        • Italy Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • Italy Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • Italy Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • Italy Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
    • Asia Pacific
      • Asia Pacific Machine Vision Market by Offering
        • Hardware
        • Software
        • Services
      • Asia Pacific Machine Vision Market by Product
        • PC Based
        • Smart Camera Based
      • Asia Pacific Machine Vision Market by Application
        • Quality Assurance and Inspection
        • Positioning and Guidance
        • Measurement
        • Identification
      • Asia Pacific Machine Vision Market by End-Use Industry
        • Automotive
        • Pharmaceuticals & Chemicals
        • Electronics & Semiconductor
        • Pulp & Paper
        • Printing & Labeling
        • Food & Beverage
        • Glass & Metal
        • Postal & Logistics
        • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • China
        • China Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • China Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • China Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • China Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • Japan
        • Japan Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • Japan Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • Japan Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • Japan Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • Australia
        • Australia Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • Australia Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • Australia Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • Australia Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • Singapore
        • Singapore Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • Singapore Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • Singapore Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • Singapore Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • South Korea
        • South Korea Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • South Korea Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • South Korea Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • South Korea Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
    • South America
      • South America Machine Vision Market by Offering
        • Hardware
        • Software
        • Services
      • South America Machine Vision Market by Product
        • PC Based
        • Smart Camera Based
      • South America Machine Vision Market by Application
        • Quality Assurance and Inspection
        • Positioning and Guidance
        • Measurement
        • Identification
      • South America Machine Vision Market by End-Use Industry
        • Automotive
        • Pharmaceuticals & Chemicals
        • Electronics & Semiconductor
        • Pulp & Paper
        • Printing & Labeling
        • Food & Beverage
        • Glass & Metal
        • Postal & Logistics
        • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • Brazil
        • Brazil Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • Brazil Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • Brazil Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • Brazil Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
    • Middle East & Africa
      • Middle East & Africa Machine Vision Market by Offering
        • Hardware
        • Software
        • Services
      • Middle East & Africa Machine Vision Market by Product
        • PC Based
        • Smart Camera Based
      • Middle East & Africa Machine Vision Market by Application
        • Quality Assurance and Inspection
        • Positioning and Guidance
        • Measurement
        • Identification
      • Middle East & Africa Machine Vision Market by End-Use Industry
        • Automotive
        • Pharmaceuticals & Chemicals
        • Electronics & Semiconductor
        • Pulp & Paper
        • Printing & Labeling
        • Food & Beverage
        • Glass & Metal
        • Postal & Logistics
        • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • Israel
        • Israel Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • Israel Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • Israel Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • Israel Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • KSA
        • KSA Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • KSA Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • KSA Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • KSA Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • UAE
        • UAE Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • UAE Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • UAE Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • UAE Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)
      • South Africa
        • South Africa Machine Vision Market by Offering
          • Hardware
          • Software
          • Services
        • South Africa Machine Vision Market by Product
          • PC Based
          • Smart Camera Based
        • South Africa Machine Vision Market by Application
          • Quality Assurance and Inspection
          • Positioning and Guidance
          • Measurement
          • Identification
        • South Africa Machine Vision Market by End-Use Industry
          • Automotive
          • Pharmaceuticals & Chemicals
          • Electronics & Semiconductor
          • Pulp & Paper
          • Printing & Labeling
          • Food & Beverage
          • Glass & Metal
          • Postal & Logistics
          • Others (Agriculture, Security & Surveillance, Rubber, Plastics, Solar Paneling, Machinery, and Others)

Machine Vision Market Dynamics

Drivers: Increasing Need For Quality Inspection And Productivity

Machine vision systems use smart cameras for inspections and measurements, automating product direction and label reading. They employ 2D and 3D cameras, with 2D being the major application. However, 3D systems are gaining popularity as they allow clean part pick-up with known positional data, driving the Machine Vision market growth. Machine Vision is a digital model of an object’s location and shape. It uses video cameras and signal processing for detection, inspection, and work performance analysis. 3D imaging in these systems is done via scanning or snapshot technologies. Scanning creates 3D images by moving the object or camera, while snapshot technology captures a photo to create a 3D image. Machine Vision systems can inspect numerous parts per minute on the production line, surpassing human inspection in accuracy, speed, and reliability. Human inspection often leads to errors, affecting productivity and quality. Machine Vision’s efficiency is beneficial when keen observation is required in production. The rising labor cost in manufacturing is likely to boost Machine Vision adoption across various sectors like automotive, electronics, pharmaceuticals, and more. Implementing Machine Vision optimizes manufacturing costs, attracting manufacturers to adopt this technology.

Implementation Of Advanced Technologies By Manufacturer

The Machine Vision (MV) market is poised for growth, driven by advancements in computing technologies and image sensors. MV technology, which captures and processes images for inspection, is becoming increasingly sophisticated, with applications in various sectors including pharmaceuticals, semiconductors, consumer electronics, medical devices, and food & beverage. The rise in industrial automation, particularly in the automotive and electronics sectors, has led to a surge in the use of robots, necessitating the integration of MV systems for enhanced efficiency. These systems have been pivotal during the COVID-19 pandemic, with robots replacing humans in hospitals to maintain social distancing. MV systems with 3D cameras digitize images for further examination, alerting medical staff when a patient requires attention. They also aid in precise pick-and-place tasks in manufacturing. The rapid industrialization in Asia Pacific countries like Japan, China, India, and South Korea presents potential growth opportunities for the MV market. Industrial MV systems, known for their robustness and precision, are expected to drive market growth significantly.

Restrains: Lack Of Skilled Labour And Inconsistency In The End-User Requirements Or Demands

Installing Machine Vision (MV) in small and medium-sized enterprises can be challenging due to varying end-user requirements and space constraints. MV systems, expected to be efficient and reliable, often face conflicts between low-margin operations and the need for quality and safety in industries like food & beverage. The systems should be affordable, high-quality, programmable, and user-friendly. They must withstand harsh production conditions and deliver precise outputs with minimal errors. The unpredictability of products in some sectors complicates system design and configuration. As the manufacturing industry shifts from standardization to customization, the demand for MV is expected to rise. However, building a standard MV system is difficult due to the diverse manufacturing industries and varying customer requirements. The system design should ensure mechanical stability amidst workplace disturbances, and camera lenses should resist vibration. Developers need exact object samples for inspection, but product variations can lead to implementation challenges and end-user inconsistencies. MV usage requires high-flex cabling for repetitive robot tasks. Communication gaps between system developers and end-users can lead to inappropriate system configuration, potentially obstructing MV adoption and impacting market growth.

What Does This Report Include?

This section will provide insights into the contents included in this machine vision market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Machine vision market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Machine vision market quantitative analysis

  • Market size, estimates, and forecast from 2017 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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Research Methodology

A three-pronged approach was followed for deducing the machine vision market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for machine vision market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of machine vision market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Machine Vision Market Categorization:

The machine vision market was categorized into five segments, namely offering (Hardware, Software, Services), product (PC Based, Smart Camera Based), application (Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification), end-use industry (Automotive, Pharmaceuticals & Chemicals, Electronics & Semiconductor, Pulp & Paper, Printing & Labeling, Food & Beverage (Packaging and Bottling), Glass & Metal, Postal & Logistics), and regions (North America, Europe, Asia Pacific, South America, Middle East & Africa).

Segment Market Methodology:

The machine vision market was segmented into offering, product, application, end-use industry, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The machine vision market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into fifteen countries, namely, the U.S.; Canada; Mexico; the UK.; Germany; France; Italy; China; Japan; Australia; Singapore; India; South Korea; Brazil; Israel.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Machine vision market companies & financials:

The machine vision market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Allied Vision Technologies GmbH , Allied Vision Technologies GmbH is a provider of digital cameras, embedded vision solutions, and related software and accessories. They also offer customization services. Their cameras are utilized in life sciences and industrial applications for image processing. They also provide Vimba, a software development kit that allows OEM customers to integrate and customize machine vision cameras. The company categorizes its product applications under various sectors including AI & embedded vision, entertainment & sports, logistics, security & traffic, science & research, healthcare & medical, and inspection & automation. Allied Vision operates as a subsidiary of TKH GROUP, a provider of smart manufacturing, vision, and connectivity systems. To cater to its customers, the company has appointed distributors and sales representatives in several countries such as Germany, France, Canada, the U.S., Singapore, Norway, Malaysia, India, and China.

  • OMRON Corporation , OMRON Corporation is a manufacturer of automation equipment, systems, and components, with specialties in power supplies, robotics, motion/drivers, environment measurement equipment, energy conservation support, and more. They are also recognized for their medical equipment such as nebulizers, blood pressure monitors, and digital thermometers. Additionally, they provide environmental solutions and power distribution and controls for drilling rigs. OMRON operates in four key areas: Industrial Automation Business (IAB), Healthcare Business (HCB), Electrical & Mechanical Components Business (EMC), and Social Systems Solution and Service Business (SSB). The company has a broad geographic presence, spanning nearly 120 countries across the Americas, Europe, Asia, Africa, and Oceania. OMRON is committed to research and development (R&D), investing USD 445.00 million in 2019, USD 426.31 million in 2020, and USD 391.68 million in 2021. Their R&D facility and automation center in Singapore is dedicated to developing innovative manufacturing solutions using advanced technologies like IoT, AI, and robotics. OMRON is listed on the Tokyo Stock Exchange and the Osaka Securities Exchange under the ticker symbol OMRNY.

  • MVTEC SOFTWARE GMBH , MVTec Software GmbH is a leading provider of machine vision software, serving a wide range of applications such as surface inspection, optical testing systems, quality checks, metrology, and surveillance. The company’s offerings extend to various machine vision applications, quality assurance, robotic vision, and material flow control. MVTec’s technological tools, including Deep Learning, Matching, 3D Vision, Bar & Data Code Reading, OCR & OCV, Sample Based Identification (SBI), Inspection, Subpixel, Classification, Measuring, Morphology, BLOB Analysis, and Filtering, are designed to meet diverse industrial needs. The company’s software solutions are tailored to the requirements of various sectors and industries, including agriculture, automotive, education, electric components, food, glass, metal & paper, industrial machinery, packing, logistics, and semiconductors. MVTec’s software portfolio, based on machine vision, includes Halcon and Merlic. Halcon, standard software, comes with an integrated development platform (HDevelop), offering a flexible architecture that facilitates the development of any machine vision application. Merlic, on the other hand, is an all-in-one software that capitalizes on the company’s machine vision expertise to deliver dependable and consistent performance.

  • STEMMER IMAGING , Stemmer Imaging is a global frontrunner in the field of machine vision technology, providing comprehensive machine vision solutions and exceptional customer service. The company specializes in delivering customized solutions, which include pre-configured components and subsystems, designed to minimize time and effort while integrating vertical applications and client-specific solutions. Stemmer Imaging’s product portfolio is categorized under various headings such as vision systems, illumination, optics, cameras, cables, and computers. The company serves a diverse range of markets, including automotive, defense, security & aerospace, electronics, semiconductors & solar, factory automation, food & beverage, pharmaceutical, print & packaging, and traffic, rail & transport. Stemmer Imaging has a global footprint, with operations in numerous countries, including Austria, Brazil, Denmark, Finland, France, Germany, Italy, Mexico, Poland, Spain, Portugal, and the UK, among others. The company is publicly traded on the Frankfurt Stock Exchange.

  • Basler AG , Basler AG is a company that specializes in the development and production of digital cameras for a variety of applications, including medical devices, traffic systems, industrial uses, and video surveillance. The company’s product range includes PowerPack Microscopy equipment, network cameras, and 3D cameras, which are used in logistics, industrial image processing, imaging, and inspection. In addition, Basler AG provides area scan cameras for factory automation and traffic monitoring, as well as line scan cameras for sorting procedures and quality assurance. The company also supplies related software and components, such as cables, lenses, and lens adapters. Furthermore, Basler AG has a global presence, with representative offices and subsidiaries operating in the U.S, Europe, and the Asia Pacific region.

  • Cognex Corporation , Cognex Corporation is a renowned producer of machine vision products, sensors, and software. The company operates under two main divisions: the Modular Vision Systems Division (MVSD) and the Surface Inspection Systems Division (SISD), both of which focus on machine vision technology. Cognex offers a diverse array of vision and ID products, designed to cater to various consumer requirements at different price points and performance levels. The company serves a wide range of industries and markets its MVSD products through a direct sales force and a global network of distribution and integration partners. In terms of financials, the company invested USD 119.4 million, USD 130.9 million, and USD 135.3 million in 2019, 2020, and 2021 respectively. Cognex is listed on The NASDAQ Stock Market LLC, trading under the symbol CGNX. The company has a robust global presence, with operations in various countries, including California, China, India, Austria, Germany, and the UK, among others.

  • Keyence Corporation , Keyence Corporation is a global provider of industrial automation and inspection equipment. Their product range includes code readers, static eliminators, laser markers, sensors, machine vision systems, microscopes, and measuring systems. They also offer controllers for pressure, temperature, analog, and flow sensors to monitor equipment processes. Keyence serves a diverse range of industries such as medical devices, manufacturing, automotive, industrial equipment, semiconductor, logistics, and home appliances. With a customer base of over 250,000 across various regions including North America, Europe, Asia, East Asia, Middle East, and Africa, the company is truly global. Keyence is also committed to R&D, investing USD 150.96 million, USD 145.94 million, and USD 146.58 million in 2020, 2021, and 2022 respectively.

  • LMI Technologies, Inc. ,LMI Technologies, Inc., a subsidiary of TKH Group NV, is a leading provider of 3D scanning and inspection products. The company offers 3D sensor solutions for process control and industrial measurement in various sectors including transportation, rubber & tire, metal, livestock, glass, electronics, and automotive. LMI caters to system integrators and OEMs involved in global industrial factory automation. It provides solutions for constructing, aligning, and scanning 3D models, along with 3D scanning technology. The company boasts more than 100 patents and has deployed over 60,000 sensors in the field.

  • National Instruments Corp. , National Instruments Corp. is a leading provider of virtual instrumentation software and automated test equipment. The company’s offerings cater to a wide range of industries including automotive, advanced research, automated test equipment, commercial aerospace, consumer electronics, computers, continuous process manufacturing, government, pharmaceutical, energy, telecommunications, and more. Key products include LabVIEW, NI TestStand, NI InsightCM Enterprise, NI VeriStand, NI DIAdem, and NI Multisim. In addition, the company offers machine vision products like platform modules, and standalone or computer-based devices. With a strong global footprint spanning the Americas, Asia-Pacific, Europe, and the Middle East & Africa, the company is a major player in its field. It has also made substantial investments in R&D, spending USD 272 million, USD 280 million, and USD 336 million in 2019, 2020, and 2021 respectively. The company is publicly traded on the NASDAQ Stock Market under the ticker symbol NATI.

  • Sick AG , Sick AG, a global company with presence in regions including the U.S., Germany, Italy, Sweden, Hungary, Malaysia, China, Singapore, and Japan, specializes in manufacturing sensors and sensor solutions for industrial use. It operates in three segments: process automation, logistics automation, and factory automation. The company’s extensive product portfolio includes encoders, photoelectric sensors, proximity sensors, opto-electronic protective devices, magnetic cylinder sensors, and safety switches, among others. Sick AG’s sensor products significantly enhance the automation of industrial production and logistics processes, thereby improving facility productivity and product quality. The company caters to a wide range of industries such as automotive, consumer goods, electronics, handling and assembly technology, packaging, pharma robotics, industrial vehicles, retail and warehousing, chemicals, oil and gas, metal and steel, waste and recycling, and postal industries. Sick AG is committed to innovation, investing USD 226.21 million, USD 247.00 million, and an undisclosed amount in research and development activities in 2019, 2020, and 2021 respectively.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Machine Vision Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Machine Vision Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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