Machine Vision Market Projected to Hit USD 21.3 Billion at a 7.2% CAGR by 2030- Report by Market Research Future (MRFR)

Market Research Future Insights

According to MRFR analysis, Machine Vision market is expected to register a CAGR of 7.2% from 2023 to 2030 and hold a value of over USD 21.3 Billion by 2030. The machine vision market is a rapidly growing sector that encompasses technologies and systems designed to enable computers to visually perceive, analyze, and understand their surroundings.

It combines elements of computer vision, image processing, and artificial intelligence (AI) to interpret visual data and make informed decisions. Machine vision systems typically utilize cameras, sensors, and specialized software to capture and process images or video in real-time. These systems can perform a variety of tasks, including object detection, recognition, measurement, inspection, and quality control across various industries.

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Key Players

• Omron Corporation
• Keyence Corporation
• Cognex Corporatio
• Teledyne FLIR LLC
• Atlas Copco AB
• National Instruments Corporation
• Vitronic Machine Vision LTD
• Basler AG
• Optotune
• USS Vision LLC
• TKH Group
• SICK AG
• MVTEC Software GMBH
• Datalogic S.P.A.,
• Zebra Technologies Corp.

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Regional Analysis

North America has been a key region for the machine vision market. The presence of major machine vision technology providers and manufacturers in the United States and Canada has contributed to the market’s growth. The region has witnessed widespread adoption of machine vision systems across industries such as automotive, electronics, pharmaceuticals, and logistics.

Europe is another prominent region in the machine vision market. Countries like Germany, the United Kingdom, and France have a strong presence of manufacturing industries that extensively use machine vision technology for quality control, inspection, and process automation. The European Union’s emphasis on Industry 4.0 and smart manufacturing has further boosted the demand for machine vision systems.

The Asia Pacific region is experiencing rapid growth in the machine vision market. Countries like China, Japan, South Korea, and Taiwan are major contributors to the market’s expansion. The region’s strong manufacturing base, particularly in automotive, electronics, and semiconductor industries, has driven the adoption of machine vision for improving production efficiency and quality control.

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Market Segmentation

Machine Vision market has been segmented into Vertical Type, Deployment Type, Solution Type.

Product:  PC-Based, Smart Camera Based

Application: Quality Assurance & Inspection, Positioning & Guidance, Measurement, Identification

End-User: Automotive, Pharmaceuticals & Chemicals, Electronics & Semiconductor, Pulp & Paper, Printing & Labeling, Food & Beverage, Glass & Metal, Postal & Logistics

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