Machine Vision Market Performance: Size, Share, Growth, and Trends

Fortune business insights recently published a detailed market research study focused on the “The machine vision market share Report 2024” delivering key insights and providing a competitive advantage to clients through a detailed report. Machine Vision Market Size, Share & COVID-19 Impact Analysis, By Type (1-D Vision System, 2-D Vision System, and 3-D Vision System), By System (PC based, Smart Camera, and Others), By Industry (Semiconductor, Healthcare, Automotive, Manufacturing, and Others), and Regional Forecast, 2023-2030

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The competitive landscape of the market for machine vision market is determined by assessing the major industry participants, production capacity, production capacity utilization rate, machine vision marketM’s production chain, pricing by each manufacturer and the revenue generated by each manufacturer in the machine vision marketM globally.

Top key players of machine vision market:

• Cognex Corporation (U.S.)
• Basler AG (Germany)
• Omron Corporation (Japan)
• Keyence (Japan)
• National Instruments (U.S.)
• Sony Corporation (Japan)
• Teledyne Technologies (U.S.)
• Texas Instruments (U.S.)
• Intel Corporation (U.S.)
• ViDi Systems SA (Switzerland)

Market atributes:

Report Componant	Aspects
Forecast Period	2022-2030
Projected market valuve 2022	USD 9.01 billion
Forecasted market valuve 2030	USD 16.82 billion
Compound Annual Growth Rate	8.2

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Drivers and restraints:

• Driver: Advancements in Artificial Intelligence and Machine Learning

  The integration of AI and machine learning technologies enhances the capabilities of machine vision systems, improving accuracy, efficiency, and application versatility.

• Driver: Increasing Automation in Manufacturing

  The push towards automation in manufacturing processes drives demand for machine vision systems, which are crucial for quality control, defect detection, and process optimization.

• Driver: Rising Demand for Quality and Safety

  Growing consumer expectations for high-quality and safe products lead to increased adoption of machine vision systems for rigorous inspection and quality assurance across various industries.

• Restraint: High Initial Costs

  The high cost of advanced machine vision systems, including hardware and software components, can be a significant barrier for small and medium-sized enterprises looking to invest in these technologies.

• Restraint: Complexity of Integration

  Integrating machine vision systems into existing manufacturing processes or IT infrastructures can be complex and require specialized expertise, potentially leading to increased implementation time and costs.

Regional analysis:

• North America (By Type, System, Industry and Country)
  • U.S. (By System)
  • Canada (By System)
  • Mexico (By System)
• Europe (By Type, System, Industry and Country)
  • U.K. (By System)
  • Germany (By System)
  • France (By System)
  • Italy (By System)
  • Spain (By System)
  • Russia (By System)
  • Benelux (By System)
  • Nordics (By System)
  • Rest of Europe
• Asia Pacific (By Type, System, Industry and Country)
  • China (By System)
  • India (By System)
  • Japan (By System)
  • South Korea (By System)
  • ASEAN (By System)
  • Oceania (By System)
  • Rest of Asia Pacific
• The Middle East & Africa (By Type, System, Industry and Country)
  • South Africa (By System)
  • North Africa (By System)
  • GCC (By System)
  • Israel (By System)
  • Turkey (By System)
  • Rest of the Middle East & Africa
• South America (By Type, System, Industry and Country)
  • Brazil (By System)
  • Argentina (By System)
  • Rest of Latin America

Table of Content :

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

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Key industry developments:

• December 2022 - German innovator in lighting technology SAC Sirius Advanced Cybernetics GmbH ("SAC") has been acquired by Cognex. The acquisition broadens Cognex's reach into sectors like automotive and consumer electronics that produce products quickly and with little tolerance for failures that endanger safety.
• September 2022 - To support the NVIDIA® Jetson OrinTM Nano system-on-modules (SOMs), which have raised the bar for entry-level edge Artificial Intelligence (AI) and robotics, Basler introduced add-on camera kits with 5 and 13 MP.
• September 2022 - The 2-megapixel Optimom from Teledyne e2v is a collection of turnkey optical modules that can be "instantly" integrated into embedded-vision systems. It has a compact board, an FPC connector that is widely used in the industry, an integrated low-noise global shutter image sensor from Teledyne e2v, and supplemental lenses.
• August 2021- The innovative "VT-S10 Series" PCB inspection system has been released by OMRON Corporation. With the help of this system, high-precision inspection of electronic substrates is automated without the need for specialized knowledge.
• March 2021- Cognex unveiled its newest line of portable barcode scanners, the DataMan 8700 Series, which is based on a brand-new technology platform. The apparatus offers state-of-the-art performance and is incredibly easy to use, requiring no prior tuning or operator training.

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Key questions are answer in this report:

• What is the market size of machine vision market 2024?
• Who are top key players in this report?
• what are drivers in the machine vision industry?
• what is the future projection of machine vision industry?