The global machine vision market size was estimated at USD 20,378.6 million in 2024 and is projected to grow at a CAGR of 13.0% from 2025 to 2030. The increasing need for quality inspection and productivity is driving the development of machine vision technology. Additionally, the surge in the implementation of advanced technologies by manufacturers is contributing to the development of machine vision industry growth. The increasing need for machine vision systems to be integrated with vision-guided robot controllers has witnessed a significant surge in use for automation across sectors such as automotive and aerospace, which is expected to drive market growth in the coming years.
The increasing demand for automation across various industries is further enhancing the machine vision industry expansion. Industries are striving for greater efficiency, accuracy, and productivity, making automation increasingly indispensable. Machine vision systems play a crucial role by providing real-time visual inspection, quality control, and process optimization. These systems enable rapid and precise identification of defects, measurement of components, and monitoring of production processes by leveraging advanced imaging technology, reducing manual intervention and minimizing errors, thereby driving the machine vision industry expansion.
Additionally, advancements in artificial intelligence (AI) and automation are enhancing precision and efficiency in manufacturing, healthcare, automotive, and other sectors, propelling the machine vision market. Software components have become more sophisticated, offering advanced image processing, pattern recognition, and deep learning capabilities. This progress has enabled machine vision systems to handle complex tasks in industries such as manufacturing, healthcare, and autonomous vehicles, driving market expansion. These trends collectively enhance user experience and drive the machine vision industry's growth.
Furthermore, the growing demand for vision-guided robotics systems is leading to significant changes in the machine vision market. The rapid growth in the use of industrial robots for automation, especially in the automotive and consumer electronics sectors, is increasing the need to integrate machine vision systems with vision-guided robot controllers. Machine vision systems enhance the efficiency of robots by enabling them to perceive and respond to their environments. These factors are driving the machine vision industry's growth.
Moreover, machine vision companies focus on developing smart camera vision systems, providing comprehensive training and support, forming strategic alliances, improving imaging capabilities and integrating AI, expanding product lines, deeply understanding target market needs, and leveraging licensing and partnerships to broaden product offerings. By implementing these strategies, companies aim to enhance productivity, improve quality control standards, and better serve application-specific customer requirements in diverse industries, further driving the machine vision industry expansion. Such strategies by key companies are expected to drive the machine vision industry growth in the coming years.
The hardware segment accounted for the largest market share of over 61% in 2024. This dominance is driven by the continued launch of advanced, cutting-edge hardware. The notable advancements and innovations observed in the hardware segment are fueled by the need for durable solutions that can function effectively in various environments and offer protection against factors such as dirt, dust, vibration, and extreme temperatures, while also catering to specific power requirements. Advanced products also deliver sufficient processing power to run complex algorithms and provide essential input/output features vital for industrial vision sensors. This focus on durability, versatility, and processing capacity underscores the crucial role of hardware in facilitating efficient and dependable machine vision systems across different industries.
The software segment is expected to witness the fastest CAGR of over 13% from 2025 to 2030. The need for precise and consistent quality inspection, defect detection, and process automation in various industries is propelling the adoption of machine vision technology. Machine vision systems maintain a high level of error recognition for extended periods, enabling high-speed production lines, clean room environments, microscopic inspection, closed-loop process control, and precise non-contact measurement. These factors are driving segmental growth.
The PC-based segment accounted for the largest market share in 2024, driven by its high processing power, speed, and adaptability in handling complex machine vision tasks. PC-based systems offer advanced image processing and AI-driven algorithms, enabling precise defect detection and quality control. Their customizability and scalability make them ideal for industries requiring sophisticated vision solutions, such as manufacturing and automation. As demand for high-performance, flexible vision systems grows, PC-based machine vision continues to lead the market, ensuring accuracy in detecting product variances and enhancing operational efficiency.
The smart camera-based segment is expected to witness the fastest CAGR from 2025 to 2030. driven by its compact design, built-in processing capabilities, and automation efficiency. These standalone systems enhance industrial decision-making by reading labels, directing products, and reducing human errors. Their ability to streamline inspections and improve accuracy is fueling adoption across various industries, making smart camera-based machine vision a key trend in automation and quality control.
The quality assurance and inspection segment accounted for the largest market share in 2024, driven by the growing adoption of machine vision for stringent quality control. Industries are increasingly leveraging advanced vision systems to detect defects, contamination, and production flaws, ensuring product safety and compliance. From pharmaceuticals to manufacturing, machine vision plays a critical role in maintaining high-quality standards and enhancing customer satisfaction. As businesses prioritize automation and precision in quality control, the demand for machine vision in inspection processes continues to rise.
The identification segment is expected to witness the fastest CAGR from 2025 to 2030, driven by the increasing adoption of machine vision for barcode scanning, pattern recognition, and object identification. Businesses are leveraging this technology to enhance product tracking, streamline inventory management, and optimize logistics. As automation becomes essential for efficiency, machine vision-powered identification is transforming supply chains and operational workflows across industries, fueling rapid adoption in the coming years.
The automotive segment accounted for the largest market share in 2024. The automotive industry utilizes machine vision for enhancing vehicle perception, driver assistance systems, and overall safety. AI-powered machine vision systems are being adopted by OEMs and suppliers for heightened inspection confidence, parts traceability, and operational transparency. These systems play a role in automating inspection tasks requiring high precision. The integration of computer vision algorithms for object detection, lane tracking, and gesture recognition contributes to the development of advanced driver assistance systems (ADAS) and autonomous vehicles.
The pharmaceuticals & chemicals segment is expected to register the fastest CAGR from 2025 to 2030, driven by strict regulatory compliance, quality control demands, and the push for automation. AI-powered machine vision is revolutionizing defect detection, label verification, and packaging integrity, ensuring precision and efficiency. With increased focus on traceability and cost reduction, industries are adopting machine vision to enhance manufacturing, streamline quality assurance, and meet evolving compliance standards.
North America machine vision market is expected to grow at a CAGR of over 11% from 2025 to 2030, primarily driven by the continuous development of 3D technology-based machine vision systems. Furthermore, factors such as the continued evolution of CMOS image sensors and the surge in demand for automation in industrial applications support the growth of the regional market.
The U.S. machine vision market is expected to grow at the fastest CAGR of over 12% from 2025 to 2030, driven by the concentration of key vendors who are continuously working toward developing 3D technology-based machine vision systems. Furthermore, factors such as the continued evolution of CMOS image sensors and the surge in demand for automation in industrial applications support the growth of the regional market.
Europe machine vision market is expected to grow at a CAGR of over 10% from 2025 to 2030. The wide range of industrial automation applications, coupled with increasing government initiatives focused on developing advanced robotics for industries, is boosting the growth of the Europe machine vision market. In Germany, approximately half the sales of machine vision systems producers are for parts inspection. Metrological applications for both 2D and 3D rose in Germany in 2020. Other critical applications include the recognition of parts and characters, vision-guided robotic systems, and code reading. The industrial sector in European countries is moving toward digital transformation.
The UK machine vision market is expected to grow at a significant rate in the coming years, attributed to the increased automation across various industries, particularly in manufacturing and logistics, driven by the need for efficiency and quality control. Furthermore, the country has a strong reputation for technological innovation and research excellence. The U.K. government and industry associations support research and innovation in machine vision through funding programs, grants, and collaborative initiatives.
Machine vision market in Germany is experiencing the fastest growth driven by technological advancements. Key trends in the country include the increasing sales of 3D cameras, the adoption of Short-Wave Infrared (SWIR) cameras, multispectral and hyperspectral vision systems, and embedded vision technology. These advancements and emphasis on the integration of digital technologies, automation, and data analytics in manufacturing processes are fueling the growth of the market.
Machine vision market in Asia-Pacific dominated the global market with a share of over 43% in 2024. The growth is attributed to the lucrative opportunities in automotive, pharmaceutical, packaging, and other industrial applications in the region. The Asia Pacific region is witnessing rapid industrialization and manufacturing expansion, particularly in countries such as China, Japan, South Korea, Taiwan, and India. The increasing adoption of automation and robotics in manufacturing processes is driving the demand for machine vision systems for surface inspection, defect detection, color verification, product quality & consistency; accurate dimension measurement such as length, angles, shapes, & distances; product identification, verification, and traceability; sorting and classifying objects; and assembly verification; among others.
Japan machine vision market is gaining traction in high-precision manufacturing, particularly in industries such as automotive, electronics, semiconductor, and robotics. The adoption of machine vision technology is driven by the need to maintain high product standards, improve production efficiency, and reduce costs. In addition, Japan's aging population and labor shortage create challenges for traditional manufacturing processes. Machine vision technology helps alleviate these challenges by automating repetitive tasks and reducing the reliance on manual labor. The Japanese government supports research and development in advanced technologies, including machine vision, through funding programs, grants, and incentives.
Machine vision market China is rapidly expanding, as the country is one of the world's largest manufacturing hubs, with a diverse range of industries, including electronics, automotive, semiconductor, pharmaceuticals, and consumer goods that are widely increasing the adoption of machine vision systems. The increasing emphasis on product quality, safety, and compliance with regulatory standards is driving the demand for machine vision systems in China. The country is one of the largest markets for industrial robots, with the manufacturing and logistics sectors being the key adopters. Machine vision technology enables vision-guided robotics for applications such as pick-and-place, sorting, and quality inspection, driving the demand for machine vision systems in conjunction with robotics.
Some of the key players operating in the market are Cognex Corporation and OMRON Corporation, among others.
Cognex Corporation is a manufacturer of machine vision products, sensors, and software. The company operates through two business divisions, namely the Modular Vision Systems Division (MVSD) and Surface Inspection Systems Division (SISD). In addition, it operates through a single segment called machine vision technology, which offers a range of vision and ID products to meet consumer needs at different prices and performance points.
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.
Allied Vision Technologies GmbH and Sick AG are some of the emerging market participants in the machine vision market.
Allied Vision Technologies GmbH offers digital cameras, embedded vision solutions, related software and accessories, and customization services. The company’s cameras are used for image processing in life sciences and industrial applications. The company also offers Vimba, a software development kit for the integration and customization of machine vision cameras for OEM customers, and related accessories.
Sick AG is engaged in the production of sensors and sensor solutions for industrial applications. The company operates through three segments, namely process automation, logistics automation, and factory automation. It offers various products, such as encoders, photoelectric sensors, proximity sensors, optoelectronic protective devices, magnetic cylinder sensors, and safety switches.
The following are the leading companies in the machine vision market. These companies collectively hold the largest market share and dictate industry trends.
View a comprehensive list of companies in the Machine Vision Market
In July 2024, OMRON Corporation released a software update for its FH Vision System and FHV7 Smart Camera, integrating Digimarc decoding technology. This enhancement enables advanced digital product identification using digital watermarks, ensuring accurate packaging verification at high speeds of over 2,000 parts per minute. The integration offers enhanced detection accuracy, rapid processing, flexible camera integration, robust redundancy, and comprehensive inspection types, reinforcing OMRON's commitment to innovation and providing consumer goods manufacturers with valuable tools for quality assurance and efficiency.
In June 2024, SICK AG launched the Inspector83x 2D vision sensor, a standalone solution for automated inspection tasks like defect detection, sorting, and OCR/OCV, processing up to 15 inspections per second. The system combines AI-enabled and rules-based algorithms, allowing AI training with just a few images directly on the device. Featuring up to 5 MPixel resolution, built-in lighting, a quad-core CPU, dual-port Ethernet, C-mount lens threading, and a port for external illumination, it comes with SICK Nova, the company’s configurable machine vision software.
In April 2024, Cognex Corporation launched the In-Sight L38 3D Vision System, the world's first AI-powered 3D vision system designed for fast deployment and reliable inspections in manufacturing automation. The system combines AI, 2D, and 3D vision technologies, creating unique projection images that simplify training and reveal features not visible with traditional 2D imaging.
Report Attribute |
Details |
Market size value in 2025 |
USD 22,620.2 million |
Revenue forecast in 2030 |
USD 41,744.0 million |
Growth rate |
CAGR of 13.0% from 2025 to 2030 |
Base year for estimation |
2024 |
Historical data |
2018 - 2023 |
Forecast period |
2025 - 2030 |
Quantitative units |
Revenue in USD million and CAGR from 2025 to 2030 |
Report Product |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Offering, product, application, end-use |
Country scope |
U.S.; Canada; Mexico; UK; Germany; France; Italy; China; Australia; Japan; India; South Korea; Singapore; Brazil; Israel; South Africa; Saudi Arabia; U.A.E. |
Key companies profiled |
Allied Vision Technologies; Basler AG; Cognex Corporation; Keyence Corporation; LMI Technologies; Stemmer Imaging; National Instruments Corporation; OMRON Corporation; Sick AG |
Customization scope |
Free report customization (equivalent to up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet you exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest technology trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the machine vision market report based on offering, product, application, and end-use:
Offering Outlook (Revenue, USD Million, 2018 - 2030)
Hardware
Camera
2D
3D
Frame Grabber
Optics/Lenses
LED Lighting
Processor
Software
Barcode Reading
Standard Algorithm
Deep Learning Software
Services
Integration
Solution Management
Product Outlook (Revenue, USD Million, 2018 - 2030)
PC Based
Smart Camera Based
Application Outlook (Revenue, USD Million, 2018 - 2030)
Quality Assurance and Inspection
Positioning and Guidance
Measurement
Identification
Predictive Maintenance
End-use Outlook (Revenue, USD Million, 2018 - 2030)
Automotive
Pharmaceuticals & Chemicals
Electronics & Semiconductor
Pulp & Paper
Printing & Labeling
Food & Beverage (Packaging and Bottling)
Glass & Metal
Postal & Logistics
Others
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Asia Pacific
China
Japan
India
South Korea
Australia
Singapore
Latin America
Brazil
Middle East & Africa
Israel
Saudi Arabia
South Africa
UAE
b. The global machine vision market size was valued at USD 20,378.6 million in 2024 and is expected to reach USD 22,620.2 million in 2025.
b. The global machine vision market is expected to advance at a compound annual growth rate of 13.0% from 2025 to 2030 to reach USD 41,744.0 million by 2030.
b. The hardware segment accounted for the largest share of more than 61% in 2024 in the machine vision market driven by the continued launch of advanced, cutting-edge hardware
b. The PC-based segment dominated the market in 2024, driven by its high processing power, speed, and adaptability in handling complex machine vision tasks.
b. The quality assurance and inspection segment accounted for the largest market share in 2024, driven by the growing adoption of machine vision for stringent quality control.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.2.1. Information analysis
1.2.2. Market formulation & data visualization
1.2.3. Data validation & publishing
1.3. Research Scope and Assumptions
1.3.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
Chapter 3. Machine Vision Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Technology Challenge
3.3. Machine Vision Market Analysis Tools
3.3.1. Technology Analysis - Porter’s
3.3.1.1. Bargaining power of the suppliers
3.3.1.2. Bargaining power of the buyers
3.3.1.3. Threats of substitution
3.3.1.4. Threats from new entrants
3.3.1.5. Competitive rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political landscape
3.3.2.2. Economic and social landscape
3.3.2.3. Technological landscape
Chapter 4. Machine Vision Market: Offering Estimates & Trend Analysis
4.1. Segment Dashboard
4.2. Machine Vision Market: Offering Movement Analysis, USD Million, 2024 & 2030
4.3. Hardware
4.3.1. Hardware Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.2. Camera
4.3.2.1. Camera Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.2.2. 2D
4.3.2.2.1. 2D Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.2.3. 3D
4.3.2.3.1. 3D Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.3. Frame Grabber
4.3.3.1. Frame Grabber Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.4. Optics/Lenses
4.3.4.1. Optics/Lenses Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.5. LED Lighting
4.3.5.1. LED Lighting Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.3.6. Processor
4.3.6.1. Processor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Software
4.4.1. Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.2. Barcode Reading
4.4.2.1. Barcode Reading Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.3. Standard Algorithm
4.4.3.1. Standard Algorithm Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4.4. Deep Learning Software
4.4.4.1. Deep Learning Software Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Services
4.5.1. Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5.2. Integration
4.5.2.1. Integration Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5.3. Solution Management
4.5.3.1. Solution Management Market Revenue Estimates and Forecasts, 2018 - 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, 2024 & 2030
5.3. PC based
5.3.1. PC based Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Smart Camera based
5.4.1. Smart Camera based Market Revenue Estimates and Forecasts, 2018 - 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, 2024 & 2030
6.3. Quality Assurance & Inspection
6.3.1. Quality Assurance & Inspection Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Positioning & Guidance
6.4.1. Positioning & Guidance Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Measurement
6.5.1. Measurement Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6. Identification
6.6.1. Identification Market Revenue Estimates and Forecasts, 2018 - 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, 2024 & 2030
7.3. Automotive
7.3.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Pharmaceuticals & Chemicals
7.4.1. Pharmaceuticals & Chemicals Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Electronics & Semiconductor
7.5.1. Electronics & Semiconductor Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Pulp & Paper
7.6.1. Pulp & Paper Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.7. Printing & Labeling
7.7.1. Printing & Labeling Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.8. Food & Beverage (Packaging and Bottling)
7.8.1. Food & Beverage (Packaging and Bottling) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.9. Glass & Metal
7.9.1. Glass & Metal Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.10. Postal & Logistics
7.10.1. Postal & Logistics Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.11. Others
7.11.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Regional Estimates & Trend Analysis
8.1. Machine Vision Market by Region, 2024 & 2030
8.2. North America
8.2.1. North America Machine Vision Market Estimates & Forecasts, 2018 - 2030 (USD Million)
8.2.2. U.S.
8.2.2.1. Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.2.3. Canada
8.2.3.1. Canada Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.2.4. Mexico
8.2.4.1. Mexico Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.3. Europe
8.3.1. Europe Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.3.2. U.K.
8.3.2.1. U.K. Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.3.3. Germany
8.3.3.1. Germany Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.3.4. France
8.3.4.1. France Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.3.5. Italy
8.3.5.1. Italy Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.4. Asia Pacific
8.4.1. Asia Pacific Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.4.2. China
8.4.2.1. China Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.4.3. Japan
8.4.3.1. Japan Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.4.4. India
8.4.4.1. India Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.4.5. South Korea
8.4.5.1. South Korea Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.4.6. Australia
8.4.6.1. Australia Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.4.7. Singapore
8.4.7.1. Singapore Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.5. Latin America
8.5.1. Latin America Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.5.2. Brazil
8.5.2.1. Brazil Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.6. Middle East and Africa
8.6.1. Middle East and Africa Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.6.2. Israel
8.6.2.1. Israel Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.6.3. Saudi Arabia
8.6.3.1. Saudi Arabia Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.6.4. South Africa
8.6.4.1. South Africa Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
8.6.5. UAE
8.6.5.1. UAE Machine Vision Market Estimates and Forecasts, 2018 - 2030 (USD million)
Chapter 9. Competitive Landscape
9.1. Company Categorization
9.2. Company Market Positioning
9.3. Company Heat Map Analysis
9.4. Company Profiles/Listing
9.4.1. Allied Vision Technologies GmbH
9.4.1.1. Participant’s Overview
9.4.1.2. Financial Performance
9.4.1.3. Product Benchmarking
9.4.1.4. Strategic Initiatives
9.4.2. Basler AG
9.4.2.1. Participant’s Overview
9.4.2.2. Financial Performance
9.4.2.3. Product Benchmarking
9.4.2.4. Strategic Initiatives
9.4.3. Cognex Corporation
9.4.3.1. Participant’s Overview
9.4.3.2. Financial Performance
9.4.3.3. Product Benchmarking
9.4.3.4. Strategic Initiatives
9.4.4. Keyence Corporation
9.4.4.1. Participant’s Overview
9.4.4.2. Financial Performance
9.4.4.3. Product Benchmarking
9.4.4.4. Strategic Initiatives
9.4.5. LMI Technologies, Inc. (A subsidiary of TKH Group NV)
9.4.5.1. Participant’s Overview
9.4.5.2. Financial Performance
9.4.5.3. Product Benchmarking
9.4.5.4. Strategic Initiatives
9.4.6. Stemmer Imaging
9.4.6.1. Participant’s Overview
9.4.6.2. Financial Performance
9.4.6.3. Product Benchmarking
9.4.6.4. Strategic Initiatives
9.4.7. National Instruments Corporation
9.4.7.1. Participant’s Overview
9.4.7.2. Financial Performance
9.4.7.3. Product Benchmarking
9.4.7.4. Strategic Initiatives
9.4.8. OMRON Corporation
9.4.8.1. Participant’s Overview
9.4.8.2. Financial Performance
9.4.8.3. Product Benchmarking
9.4.8.4. Strategic Initiatives
9.4.9. Sick AG
9.4.9.1. Participant’s Overview
9.4.9.2. Financial Performance
9.4.9.3. Product Benchmarking
9.4.9.4. Strategic Initiatives
9.4.10. Tordivel AS
9.4.10.1. Participant’s Overview
9.4.10.2. Financial Performance
9.4.10.3. Product Benchmarking
9.4.10.4. Strategic Initiatives
List of Tables
Table 1 Machine vision market size estimates & forecasts 2018 - 2030 (USD Million)
Table 2 Machine vision market, by offering 2018 - 2030 (USD Million)
Table 3 Machine vision market, by product 2018 - 2030 (USD Million)
Table 4 Machine vision market, by application 2018 - 2030 (USD Million)
Table 5 Machine vision market, by end use 2018 - 2030 (USD Million)
Table 6 Hardware market estimates & forecasts, 2018 - 2030 (USD Million)
Table 7 Camera market estimates & forecasts, 2018 - 2030 (USD Million)
Table 8 2D market estimates & forecasts, 2018 - 2030 (USD Million)
Table 9 3D market estimates & forecasts, 2018 - 2030 (USD Million)
Table 10 Frame Grabber market estimates & forecasts, 2018 - 2030 (USD Million)
Table 11 Optics/Lenses market estimates & forecasts, 2018 - 2030 (USD Million)
Table 12 LED Lighting market estimates & forecasts, 2018 - 2030 (USD Million)
Table 13 Processor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 14 Software market estimates & forecasts, 2018 - 2030 (USD Million)
Table 15 Barcode Reading market estimates & forecasts, 2018 - 2030 (USD Million)
Table 16 Standard Algorithm market estimates & forecasts, 2018 - 2030 (USD Million)
Table 17 Deep Learning Software market estimates & forecasts, 2018 - 2030 (USD Million)
Table 18 Services market estimates & forecasts, 2018 - 2030 (USD Million)
Table 19 Integration market estimates & forecasts, 2018 - 2030 (USD Million)
Table 20 Solution Management market estimates & forecasts, 2018 - 2030 (USD Million)
Table 21 PC based market estimates & forecasts, 2018 - 2030 (USD Million)
Table 22 Smart camera-based market estimates & forecasts, 2018 - 2030 (USD Million)
Table 23 Quality assurance & inspection market estimates & forecasts, 2018 - 2030 (USD Million)
Table 24 positioning & guidance market estimates & forecasts, 2018 - 2030 (USD Million)
Table 25 Measurement market estimates & forecasts, 2018 - 2030 (USD Million)
Table 26 Identification market estimates & forecasts, 2018 - 2030 (USD Million)
Table 27 Automotive market estimates & forecasts, 2018 - 2030 (USD Million)
Table 28 Pharmaceuticals & Chemicals market estimates & forecasts, 2018 - 2030 (USD Million)
Table 29 Electronics & Semiconductor market estimates & forecasts, 2018 - 2030 (USD Million)
Table 30 Pulp & Paper market estimates & forecasts, 2018 - 2030 (USD Million)
Table 31 Printing & Labeling market estimates & forecasts, 2018 - 2030 (USD Million)
Table 32 Food & Beverage market estimates & forecasts, 2018 - 2030 (USD Million)
Table 33 Glass & Metal market estimates & forecasts, 2018 - 2030 (USD Million)
Table 34 Postal & Logistics market estimates & forecasts, 2018 - 2030 (USD Million)
Table 35 Others market estimates & forecasts, 2018 - 2030 (USD Million)
Table 36 North America machine vision market, by offering 2018 - 2030 (USD Million)
Table 37 North America machine vision market, by product 2018 - 2030 (USD Million)
Table 38 North America machine vision market, by application 2018 - 2030 (USD Million)
Table 39 North America machine vision market, by end use 2018 - 2030 (USD Million)
Table 40 U.S. machine vision market, by offering 2018 - 2030 (USD Million)
Table 41 U.S. machine vision market, by product 2018 - 2030 (USD Million)
Table 42 U.S. machine vision market, by application 2018 - 2030 (USD Million)
Table 43 U.S. machine vision market, by end use 2018 - 2030 (USD Million)
Table 44 Canada machine vision market, by offering 2018 - 2030 (USD Million)
Table 45 Canada machine vision market, by product 2018 - 2030 (USD Million)
Table 46 Canada machine vision market, by application 2018 - 2030 (USD Million)
Table 47 Canada machine vision market, by end use 2018 - 2030 (USD Million)
Table 48 Mexico machine vision market, by offering 2018 - 2030 (USD Million)
Table 49 Mexico machine vision market, by product 2018 - 2030 (USD Million)
Table 50 Mexico machine vision market, by application 2018 - 2030 (USD Million)
Table 51 Mexico machine vision market, by end use 2018 - 2030 (USD Million)
Table 52 Europe machine vision market, by offering 2018 - 2030 (USD Million)
Table 53 Europe machine vision market, by product 2018 - 2030 (USD Million)
Table 54 Europe machine vision market, by application 2018 - 2030 (USD Million)
Table 55 Europe machine vision market, by end use 2018 - 2030 (USD Million)
Table 56 UK machine vision market, by offering 2018 - 2030 (USD Million)
Table 57 UK machine vision market, by product 2018 - 2030 (USD Million)
Table 58 UK machine vision market, by application 2018 - 2030 (USD Million)
Table 59 UK machine vision market, by end use 2018 - 2030 (USD Million)
Table 60 Germany machine vision market, by offering 2018 - 2030 (USD Million)
Table 61 Germany machine vision market, by product 2018 - 2030 (USD Million)
Table 62 Germany machine vision market, by application 2018 - 2030 (USD Million)
Table 63 Germany machine vision market, by end use 2018 - 2030 (USD Million)
Table 64 France machine vision market, by offering 2018 - 2030 (USD Million)
Table 65 France machine vision market, by product 2018 - 2030 (USD Million)
Table 66 France machine vision market, by application 2018 - 2030 (USD Million)
Table 67 France machine vision market, by end use 2018 - 2030 (USD Million)
Table 68 Italy machine vision market, by offering 2018 - 2030 (USD Million)
Table 69 Italy machine vision market, by product 2018 - 2030 (USD Million)
Table 70 Italy machine vision market, by application 2018 - 2030 (USD Million)
Table 71 Italy machine vision market, by end use 2018 - 2030 (USD Million)
Table 72 Asia-Pacific machine vision market, by offering 2018 - 2030 (USD Million)
Table 73 Asia-Pacific machine vision market, by product 2018 - 2030 (USD Million)
Table 74 Asia-Pacific machine vision market, by application 2018 - 2030 (USD Million)
Table 75 Asia-Pacific machine vision market, by end use 2018 - 2030 (USD Million)
Table 76 China machine vision market, by offering 2018 - 2030 (USD Million)
Table 77 China machine vision market, by product 2018 - 2030 (USD Million)
Table 78 China machine vision market, by application 2018 - 2030 (USD Million)
Table 79 China machine vision market, by end use 2018 - 2030 (USD Million)
Table 80 Japan machine vision market, by offering 2018 - 2030 (USD Million)
Table 81 Japan machine vision market, by product 2018 - 2030 (USD Million)
Table 82 Japan machine vision market, by application 2018 - 2030 (USD Million)
Table 83 Japan machine vision market, by end use 2018 - 2030 (USD Million)
Table 84 India machine vision market, by offering 2018 - 2030 (USD Million)
Table 85 India machine vision market, by product 2018 - 2030 (USD Million)
Table 86 India machine vision market, by application 2018 - 2030 (USD Million)
Table 87 India machine vision market, by end use 2018 - 2030 (USD Million)
Table 88 South Korea machine vision market, by offering 2018 - 2030 (USD Million)
Table 89 South Korea machine vision market, by product 2018 - 2030 (USD Million)
Table 90 South Korea machine vision market, by application 2018 - 2030 (USD Million)
Table 91 South Korea machine vision market, by end use 2018 - 2030 (USD Million)
Table 92 Australia machine vision market, by offering 2018 - 2030 (USD Million)
Table 93 Australia machine vision market, by product 2018 - 2030 (USD Million)
Table 94 Australia machine vision market, by application 2018 - 2030 (USD Million)
Table 95 Australia machine vision market, by end use 2018 - 2030 (USD Million)
Table 96 Singapore machine vision market, by offering 2018 - 2030 (USD Million)
Table 97 Singapore machine vision market, by product 2018 - 2030 (USD Million)
Table 98 Singapore machine vision market, by application 2018 - 2030 (USD Million)
Table 99 Singapore machine vision market, by end use 2018 - 2030 (USD Million)
Table 100 Latin America machine vision market, by offering 2018 - 2030 (USD Million)
Table 101 Latin America machine vision market, by product 2018 - 2030 (USD Million)
Table 102 Latin America machine vision market, by application 2018 - 2030 (USD Million)
Table 103 Latin America machine vision market, by end use 2018 - 2030 (USD Million)
Table 104 Brazil machine vision market, by offering 2018 - 2030 (USD Million)
Table 105 Brazil machine vision market, by product 2018 - 2030 (USD Million)
Table 106 Brazil machine vision market, by application 2018 - 2030 (USD Million)
Table 107 Brazil machine vision market, by end use 2018 - 2030 (USD Million)
Table 108 Saudi Arabia machine vision market, by offering 2018 - 2030 (USD Million)
Table 109 Saudi Arabia machine vision market, by product 2018 - 2030 (USD Million)
Table 110 Saudi Arabia machine vision market, by application 2018 - 2030 (USD Million)
Table 111 Saudi Arabia machine vision market, by end use 2018 - 2030 (USD Million)
Table 112 Israel machine vision market, by offering 2018 - 2030 (USD Million)
Table 113 Israel machine vision market, by product 2018 - 2030 (USD Million)
Table 114 Israel machine vision market, by application 2018 - 2030 (USD Million)
Table 115 Israel machine vision market, by end use 2018 - 2030 (USD Million)
Table 116 UAE machine vision market, by offering 2018 - 2030 (USD Million)
Table 117 UAE machine vision market, by product 2018 - 2030 (USD Million)
Table 118 UAE machine vision market, by application 2018 - 2030 (USD Million)
Table 119 UAE machine vision market, by end use 2018 - 2030 (USD Million)
Table 120 South Africa machine vision market, by offering 2018 - 2030 (USD Million)
Table 121 South Africa machine vision market, by product 2018 - 2030 (USD Million)
Table 122 South Africa machine vision market, by application 2018 - 2030 (USD Million)
Table 123 South Africa machine vision market, by end use 2018 - 2030 (USD Million)
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 Machine vision market snapshot
Fig. 7 Machine vision market segment snapshot
Fig. 8 Machine vision market competitive landscape snapshot
Fig. 9 Market research process
Fig. 10 Market driver relevance analysis (current & future impact)
Fig. 11 Market restraint relevance analysis (current & future impact)
Fig. 12 Machine vision market, by offering, key takeaways
Fig. 13 Machine vision market, by offering, market share, 2024 & 2030
Fig. 14 Hardware market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 15 Camera market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 16 2D market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 17 3D market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 18 Frame grabber market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 19 Optics/Lenses market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 20 LED lighting market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 21 Processor market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 22 Software market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 23 Barcode reading market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 24 Standard algorithm market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 25 Deep learning software market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 26 Services market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 27 Integration market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 28 Solution management market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 29 Machine vision market, by product, key takeaways
Fig. 30 Machine vision market, by product, market share, 2024 & 2030
Fig. 31 PC based market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 32 Smart camera based market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 33 Machine vision market, by application, key takeaways
Fig. 34 Machine vision market, by application, market share, 2024 & 2030
Fig. 35 Quality assurance & inspection market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 36 Positioning & guidance market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 37 Measurement market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 38 Identification market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 39 Machine vision market, by end use, key takeaways
Fig. 40 Machine vision market, by end use, market share, 2024 & 2030
Fig. 41 Automotive market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 42 Pharmaceuticals & chemicals market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 43 Electronics & semiconductor market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 44 Pulp & paper market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 45 Printing & labeling market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 46 Food & beverage market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 47 Glass & metal market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 48 Postal & logistics market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 49 Others market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 50 Regional marketplace: key takeaways
Fig. 51 North America machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 52 U.S. machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 53 Canada machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 54 Mexico machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 55 Europe machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 56 U.K. machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 57 Germany machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 58 France machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 59 Italy machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 60 Asia Pacific machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 61 Japan machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 62 China machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 63 South Korea machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 64 India machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 65 Australia machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 66 Singapore machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 67 Latin America machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 68 Brazil machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 69 MEA machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 70 Israel machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 71 Saudi Arabia machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 72 South Africa machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 73 UAE machine vision market estimates & forecast, 2018 - 2030 (USD Million)
Fig. 74 Key company categorization
Fig. 75 Strategy framework
Market Segmentation
Report content
Qualitative Analysis
Quantitative Analysis
Research Methodology
Grand View Research employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation that looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain, and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
• Market drivers and restraints, along with their current and expected impact
• Raw material scenario and supply v/s price trends
• Regulatory scenario and expected developments
• Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting for our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
• Market-leading companies
• Raw material suppliers
• Product distributors
• Buyers
The key objectives of primary research are as follows:
• To validate our data in terms of accuracy and acceptability
• To gain an insight in to the current market and future expectations
Data Collection Matrix
Perspective |
Primary research |
Secondary research |
Supply-side |
|
|
Demand-side |
|
|
Industry Analysis Matrix
Qualitative analysis |
Quantitative analysis |
|
|
"The quality of research they have done for us has been excellent."