Machine Vision Market Research Report- Global Forecast 2030

Global Machine Vision Market, By Type (1D Machine, 2D Machine Vision, 3D Machine Vision), By Application (Inspection, Gauging, Guidance, Identification), By Components (Hardware, Software), By End Users (Automotive, Electronics & Semiconductor, Healthcare, Food & Packaging) - Forecast till 2030

ID: MRFR/ICT/0981-CR | February 2020 | Region: Global | 90 Pages         

1 Market Dynamics

1.1 Market Drivers 10

1.1.1 Increasing Miniaturization Of Products 10

1.1.2 Need For Quality Inspection 11

1.1.3 Increasing Standardization 11

1.2 Market Restraints 11

1.2.1 Complexity In Integrating Machine Vision Systems 11

1.3 Market Opportunity 12

1.3.1 Trend Towards Automation 12

1.4 Market Challenges 12

1.4.1 Lack Of Awareness 12

1.5 Supply Chain Analysis 13

1.6 Porter’s Five Forces Analysis 14

2 Global Machine Vision Market, By Type

2.1 Introduction 16

2.2 1D Machine 18

2.3 2D Machine Vision 20

2.4 3D Machine Vision 22

3 Global Machine Vision Market, By Application

3.1 Introduction 24

3.2 Inspection 25

3.3 Gauging 27

3.4 Guidance 28

3.5 Identification 30

3.6 Others 31

4 Global Machine Vision Market, By Components

4.1 Introduction 33

4.2 Hardware 34

4.2.1 ASMV 36

4.2.2 Cameras 38

4.2.3 Sensors 39

4.2.4 Illuminations 40

4.2.5 Processors 41

4.2.6 Others 42

4.3 Software 43

5 Global Machine Vision Market, By End User

5.1 Introduction 45

5.2 Automotive 46

5.3 Electronics & Semiconductor 47

5.4 Healthcare 48

5.5 Food & Packaging 50

5.6 Others 51

6 Regional Market Analysis

6.1 Introduction 53

6.2 North America 54

6.3 Europe 58

6.4 Asia-Pacific 62

6.5 Rest Of The World 65

7 Company Profiles

7.1 Introduction 69

7.2 Cognex Corporation 70

7.2.1 Business Overview 70

7.2.2 Product/Services Offering 70

7.2.3 Strategy 71

7.2.4 SWOT Analysis 71

7.3 Microscan Systems 72

7.3.1 Business Overview 72

7.3.2 Product/Services Offering 72

7.3.3 Strategy 72

7.3.4 SWOT Analysis 73

7.4 National Instruments 74

7.4.1 Business Overview 74

7.4.2 Product/Services Offering 74

7.4.3 Strategy 75

7.4.4 SWOT Analysis 75

7.5 Keyence 76

7.5.1 Business Overview 76

7.5.2 Product/Services Offering 76

7.5.3 Strategy 77

7.5.4 SWOT Analysis 77

7.6 FLIR System 78

7.6.1 Business Overview 78

7.6.2 Product/Services Offering 78

7.6.3 Strategy 79

7.6.4 SWOT Analysis 79

7.7 Vitronics 80

7.7.1 Business Overview 80

7.7.2 Product/Services Offering 80

7.8 Perceptron 81

7.8.1 Business Overview 81

7.8.1.1 Product/Services Offering 81

7.9 Basler AG 82

7.9.1 Business Overview 82

7.9.2 Product/Services Offering 82

7.10 Optotune Ag 83

7.10.1 Business Overview 83

7.10.2 Product/Services Offering 83

7.11 USS Vision 84

7.11.1 Business Overview 84

7.11.2 Product/Services Offering 84

8 Appendix:

8.1 Scope Of The Study 85

8.1.1 Research Objective 85

8.1.2 Assumption 85

8.1.3 Limitation 86

8.2 Market Structure 86

9 Research Methodologies

9.1 Research Process 87

9.2 Primary Research 88

9.3 Secondary Research 88

9.4 Market Size Estimation 88

9.5 Forecast Model 89

10 List Of Tables

TABLE 1 MARKET FACTOR ANALYSIS 15

TABLE 2 GLOBAL MACHINE VISION MARKET, BY TYPE (USD MILLION) (2020-2027) 17

TABLE 3 GLOBAL MACHINE VISION 1D MACHINE VISION MARKET, BY REGION (USD MILLION) (2020-2027) 19

TABLE 4 GLOBAL MACHINE VISION 2D MACHINE VISION MARKET, BY REGION (USD MILLION) (2020-2027) 21

TABLE 5 GLOBAL MACHINE VISION 3D MACHINE VISION MARKET, BY REGION (USD MILLION) (2020-2027) 23

TABLE 6 GLOBAL MACHINE VISION MARKET, BY APPLICATION (USD MILLION) (2020-2027) 24

TABLE 7 GLOBAL MACHINE VISION INSPECTION MARKET, BY REGION (USD MILLION) (2020-2027) 26

TABLE 8 GLOBAL MACHINE VISION GAUGING MARKET, BY REGION (USD MILLION) (2020-2027) 27

TABLE 9 GLOBAL MACHINE VISION GUIDANCE MARKET, BY REGION (USD MILLION) (2020-2027) 28

TABLE 10 GLOBAL MACHINE VISION IDENTIFICATION MARKET, BY REGION (USD MILLION) (2020-2027) 30

TABLE 11 GLOBAL MACHINE VISION OTHERS MARKET, BY REGION (USD MILLION) (2020-2027) 32

TABLE 12 GLOBAL MACHINE VISION MARKET, BY COMPONENTS (USD MILLION) (2020-2027) 33

TABLE 13 GLOBAL MACHINE VISION HARDWARE MARKET, BY REGION (USD MILLION) (2020-2027) 34

TABLE 14 HARDWARE MARKET, BY COMPONENTS (USD MILLION) (2020-2027) 35

TABLE 15 GLOBAL MACHINE VISION, ASMV MARKET, BY REGION (USD MILLION) (2020-2027) 37

TABLE 16 GLOBAL MACHINE VISION, CAMERAS MARKET, BY REGION (USD MILLION) (2020-2027) 38

TABLE 17 GLOBAL MACHINE VISION, SENSORS MARKET, BY REGION (USD MILLION) (2020-2027) 39

TABLE 18 GLOBAL MACHINE VISION, ILLUMINATIONS MARKET, BY REGION (USD MILLION) (2020-2027) 40

TABLE 19 GLOBAL MACHINE VISION, PROCESSORS MARKET, BY REGION (USD MILLION) (2020-2027) 41

TABLE 20 GLOBAL MACHINE VISION, OTHERS MARKET, BY REGION (USD MILLION) (2020-2027) 42

TABLE 21 GLOBAL MACHINE VISION SOFTWARE MARKET, BY REGION (USD MILLION) (2020-2027) 43

TABLE 22 GLOBAL MACHINE VISION MARKET, BY END USER (USD MILLION) (2020-2027) 45

TABLE 23 GLOBAL MACHINE VISION AUTOMOTIVE MARKET, BY REGION (USD MILLION) (2020-2027) 46

TABLE 24 GLOBAL MACHINE VISION ELECTRONICS & SEMICONDUCTOR MARKET, BY REGION (USD MILLION) (2020-2027) 47

TABLE 25 GLOBAL MACHINE VISION HEALTHCARE MARKET, BY REGION (USD MILLION) (2020-2027) 48

TABLE 26 GLOBAL MACHINE VISION FOOD & PACKAGING MARKET, BY REGION (USD MILLION) (2020-2027) 50

TABLE 27 GLOBAL MACHINE VISION OTHERS MARKET, BY REGION (USD MILLION) (2020-2027) 51

TABLE 28 GLOBAL MACHINE VISION MARKET, BY REGION (USD MILLION) (2020-2027) 53

TABLE 29 NORTH AMERICA MACHINE VISION MARKET, BY COUNTRY (USD MILLION) (2020-2027) 54

TABLE 30 NORTH AMERICA MACHINE VISION MARKET, BY TYPE (USD MILLION) (2020-2027) 55

TABLE 31 NORTH AMERICA MACHINE VISION MARKET, BY COMPONENTS (USD MILLION) (2020-2027) 56

TABLE 32 NORTH AMERICA MACHINE VISION MARKET, BY HARDWARE (USD MILLION) (2020-2027) 56

TABLE 33 NORTH AMERICA MACHINE VISION MARKET, BY APPLICATION (USD MILLION) (2020-2027) 57

TABLE 34 NORTH AMERICA MACHINE VISION MARKET, BY END USER (USD MILLION) (2020-2027) 57

TABLE 35 EUROPE MACHINE VISION MARKET, BY COUNTRY (USD MILLION) (2020-2027) 58

TABLE 36 EUROPE MACHINE VISION MARKET, BY TYPE (USD MILLION) (2020-2027) 59

TABLE 37 EUROPE MACHINE VISION MARKET, BY COMPONENTS (USD MILLION) (2020-2027) 60

TABLE 38 EUROPE MACHINE VISION MARKET, BY HARDWARE (USD MILLION) (2020-2027) 60

TABLE 39 EUROPE MACHINE VISION MARKET, BY APPLICATION (USD MILLION) (2020-2027) 61

TABLE 40 EUROPE MACHINE VISION MARKET, BY END USER (USD MILLION) (2020-2027) 61

TABLE 41 ASIA PACIFIC MACHINE VISION MARKET, BY COUNTRY (USD MILLION) (2020-2027) 62

TABLE 42 ASIA PACIFIC MACHINE VISION MARKET, BY TYPE (USD MILLION) (2020-2027) 63

TABLE 43 ASIA PACIFIC MACHINE VISION MARKET, BY COMPONENTS (USD MILLION) (2020-2027) 63

TABLE 44 ASIA PACIFIC MACHINE VISION MARKET, BY HARDWARE (USD MILLION) (2020-2027) 64

TABLE 45 ASIA PACIFIC MACHINE VISION MARKET, BY APPLICATION (USD MILLION) (2020-2027) 64

TABLE 46 ASIA PACIFIC MACHINE VISION MARKET, BY END USER (USD MILLION) (2020-2027) 65

TABLE 47 REST OF THE WORLD MACHINE VISION MARKET, BY TYPE (USD MILLION) (2020-2027) 66

TABLE 48 REST OF THE WORLD MACHINE VISION MARKET, BY COMPONENTS (USD MILLION) (2020-2027) 66

TABLE 49 REST OF THE WORLD MACHINE VISION MARKET, BY HARDWARE (USD MILLION) (2020-2027) 67

TABLE 50 REST OF THE WORLD MACHINE VISION MARKET, BY APPLICATION (USD MILLION) (2020-2027) 67

TABLE 51 REST OF THE WORLD MACHINE VISION MARKET, BY END USER (USD MILLION) (2020-2027) 68


11 List Of Figures

FIGURE 1 GLOBAL MACHINE VISION MARKET: DRIVERS & RESTRAINT 10

FIGURE 2 GLOBAL MACHINE VISION MARKET: SUPPLY CHAIN PROCESS 13

FIGURE 3 GLOBAL MACHINE VISION MARKET: PORTER’S FIVE FORCES ANALYSIS 14

FIGURE 4 GLOBAL MACHINE VISION MARKET, BY TYPE 16

FIGURE 5 GLOBAL MACHINE VISION MARKET, BY TYPE (USD MILLION) (2020-2027) 17

FIGURE 6 1D MACHINE VISION SYSTEMS 18

FIGURE 7 GLOBAL MACHINE VISION 1D MACHINE VISION MARKET, BY REGION (USD MILLION) (2020-2027) 19

FIGURE 8 GLOBAL MACHINE VISION 2D MACHINE VISION MARKET, BY REGION (USD MILLION) (2020-2027) 21

FIGURE 9 GLOBAL MACHINE VISION 3D MACHINE VISION MARKET, BY REGION (USD MILLION) (2020-2027) 23

FIGURE 10 MACHINE VISION MARKET, BY APPLICATION 24

FIGURE 11 GLOBAL MACHINE VISION MARKET, BY APPLICATION (USD MILLION) (2020-2027) 25

FIGURE 12 GLOBAL MACHINE VISION INSPECTION MARKET, BY REGION (USD MILLION) (2020-2027) 26

FIGURE 13 GLOBAL MACHINE VISION GAUGING MARKET, BY REGION (USD MILLION) (2020-2027) 28

FIGURE 14 GLOBAL MACHINE VISION GUIDANCE MARKET, BY REGION (USD MILLION) (2020-2027) 29

FIGURE 15 GLOBAL MACHINE VISION IDENTIFICATION MARKET, BY REGION (USD MILLION) (2020-2027) 31

FIGURE 16 GLOBAL MACHINE VISION OTHERS MARKET, BY REGION (USD MILLION) (2020-2027) 32

FIGURE 17 GLOBAL MACHINE VISION MARKET, BY COMPONENTS 33

FIGURE 18 GLOBAL MACHINE VISION MARKET, BY COMPONENTS (USD MILLION) (2020-2027) 34

FIGURE 19 GLOBAL MACHINE VISION HARDWARE MARKET, BY REGION (USD MILLION) (2020-2027) 35

FIGURE 20 HARDWARE MARKET, BY COMPONENTS (USD MILLION) (2020-2027) 36

FIGURE 21 GLOBAL MACHINE VISION, ASMV MARKET, BY REGION (USD MILLION) (2020-2027) 37

FIGURE 22 GLOBAL MACHINE VISION, CAMERAS MARKET, BY REGION (USD MILLION) (2020-2027) 38

FIGURE 23 GLOBAL MACHINE VISION, SENSORS MARKET, BY REGION (USD MILLION) (2020-2027) 40

FIGURE 24 GLOBAL MACHINE VISION, ILLUMINATIONS MARKET, BY REGION (USD MILLION) (2020-2027) 41

FIGURE 25 GLOBAL MACHINE VISION, PROCESSORS MARKET, BY REGION (USD MILLION) (2020-2027) 42

FIGURE 26 GLOBAL MACHINE VISION, OTHERS MARKET, BY REGION (USD MILLION) (2020-2027) 43

FIGURE 27 GLOBAL MACHINE VISION SOFTWARE MARKET, BY REGION (USD MILLION) (2020-2027) 44

FIGURE 28 GLOBAL MACHINE VISION MARKET, BY APPLICATION 45

FIGURE 29 GLOBAL MACHINE VISION MARKET, BY END USER (USD MILLION) (2020-2027) 46

FIGURE 30 GLOBAL MACHINE VISION AUTOMOTIVE MARKET, BY REGION (USD MILLION) (2020-2027) 47

FIGURE 31 GLOBAL MACHINE VISION ELECTRONICS & SEMICONDUCTOR MARKET, BY REGION (USD MILLION) (2020-2027) 48

FIGURE 32 GLOBAL MACHINE VISION HEALTHCARE MARKET, BY REGION (USD MILLION) (2020-2027) 49

FIGURE 33 GLOBAL MACHINE VISION FOOD & PACKAGING MARKET, BY REGION (USD MILLION) (2020-2027) 51

FIGURE 34 GLOBAL MACHINE VISION OTHERS MARKET, BY REGION (USD MILLION) (2020-2027) 52

FIGURE 35 GLOBAL MACHINE VISION MARKET, BY REGION (USD MILLION) (2020-2027) 54

FIGURE 36 NORTH AMERICA MACHINE VISION MARKET, BY COUNTRY (USD MILLION) (2020-2027) 55

FIGURE 37 EUROPE MACHINE VISION MARKET, BY COUNTRY (USD MILLION) (2020-2027) 59

FIGURE 38 ASIA PACIFIC MACHINE VISION MARKET, BY COUNTRY (USD MILLION) (2020-2027) 63

FIGURE 39 GLOBAL MACHINE VISION MARKET STRUCTURE 86

FIGURE 40 MRFR RESEARH PROCESS 87

Machine Vision Market

Machine Vision Market is Predicted to Reach US$ 15.7 Billion by 2030 Registering a CAGR of 7.6%

Segmentation

By Type 1 D Machine 2 D Machine Vision 3 D Machine Vision
By Application Inspection Gauging Guidance Identification
By Components Hardware Software
By End Users Automotive Electronics & Semiconductor Healthcare Food & Packaging

Key Players

  • Cognex Corporation (U.S.)
  • Vitronic GmbH (Germany)
  • Perceptron Inc. (U.S.)
  • Microscan Systems (U.S.)
  • Basler AG (Germany.)
  • National Instruments (U.S.)
  • Optotune AG (Switzerland)
  • USS Vision (U.S.)
  • ViDi Systems SA (Switzerland)
  • Keyence (Japan)
  • Omron Corporation (Japan)

Drivers

  • Rising Need for quality and automation
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Market Overview


Market Research Future (MRFR) expects the Global Machine Vision Market size to reach USD 21.35 Billion with an 12.55% CAGR from 2017-2022 (forecast period). Miniaturization can be seen as a trend in the manufacture of smaller, optical and electronic products or devices. Miniaturization can be referred to as a reduction in size but an increase in aptitude. Considering the current scenario, we can see that the trend towards small gadgets is gradually growing. Miniaturization of machines is taking rapid steps. These miniaturized products have a very intricate structure. There is a need to inspect these miniaturized products. But the inspection of these miniaturized products goes beyond the human visual sense. The machine vision system successfully replaces human visual inspection and judgment capabilities. Machine vision systems use cameras with various features, sensors, and image processing for inspection and measurement. Miniaturized products, devices, machines are inspected and measured efficiently using machine vision systems.


COVID-19 Impact on the Global Machine Vision Market


Human vision is limited to a specific electromagnetic wavelength, i.e., 390 to 770 nanometers (nm), which varies greatly from the functionality of video cameras. Industrial automation is now increasingly gaining popularity in manufacturing as well as in other related operations. Manufacturing firms are introducing automation to improve operating efficiency in their day-to-day functions. In terms of the production of products during the pandemic, where human interactions have limited, machine vision technology has helped ensure continuity of production. In addition, the machine vision industry plays a vital role in the battle against coronavirus through automated lab systems that process and test vaccines, thermal imaging to detect body temperature in crowded locations, inspection systems, pharmaceuticals, and medical products. However, the pharmaceutical industry is stated to be an early adopter of this technology as it provides product safety assurance as well as integrity to the current digital infrastructure.


The demand for machine vision technology is on the rise during the ongoing COVID-19 pandemic. However, this demand is expected to be hindered by the reduction in IT expenditure budgets as a result of the lockdowns imposed, as well as the serious losses incurred by companies worldwide. While relaxation in the lockdowns is expected to improve demand for machine vision infrastructure, the market is recovering at a significant pace, mainly due to the remote work policy adopted by most companies to stop the spread of COVID-19 in their workplaces. In addition, technology providers assist and support their clients' operations with their expertise in remote engineering services in order to ensure the continuity of their business. These industries belong to a number of sectors, such as textiles, agriculture, pharmaceuticals, and other mass-production industries, which need quality assurance. As a result, the demand for machine vision technology and its related infrastructure is expected to increase due to the growing adoption of digital assurance mechanisms that offer higher accuracy and operational efficiency compared to human beings.


Market Dynamics


Drivers



  • Rising need for quality inspection and automation


Manufacturing companies across the globe are preparing to invest more in automation post-COVID-19, and the need for automated quality assurance has also increased as businesses have recognized its significance in manufacturing processes. However, this need is further increased due to the outbreak of COVID-19 due to less human involvement in the process. This culminated in widespread recognition of machine vision as an integral part of the long-term automation development processes.


Restraints



  • Changing end-user requirements


The significance of machine vision is likely to rise in the manufacturing sector as the industry is experiencing a gradual transformation from product standardization to product customization. It is difficult to create a standard machine vision system since there are many manufacturing sectors to be covered, and the specifications vary on the basis of individual customer requirements.


Market Segmentation


Global Machine Vision Industry has been segmented into Type, Application, Components, and End-User.



  • By type, the global machine vision market has been segmented into 1D Machine, 2D Machine Vision, 3D Machine Vision.

  • By application, the global machine vision market has been segmented into Inspection, Gauging, Guidance, Identification, Others.

  • By components, the global machine vision market has been segmented into Hardware and Software. Hardware- ASMV, Cameras, Sensors, Illuminations, Processors, Others

  • By end-users, the global machine vision market has been segmented into Automotive, Electronics & Semiconductor, Healthcare, Food & Packaging, Others.


Regional Analysis



  • APAC to dominate the global market


The Asia Pacific is dominating the global market with more than 30% of the market share, followed by Europe, which is the second-largest market due to the strong demand from the automotive and healthcare industries. North America is the third-largest market. APAC's machine vision market is projected to hold a substantial market share during the forecast period, as APAC countries such as India, China, Japan, and South Korea have the largest manufacturing facilities where automation of manufacturing processes has been given the highest priority. In addition, strong competition between consumer electronics companies in APAC is likely to fuel the adoption of machine vision systems in the region. However, the outbreak of COVID-19 has had a major effect on the manufacturing sector of APAC. As the neighbouring countries are interconnected through trade relations and the supply chain, the entire region is affected by the outbreak of COVID-19, which will have a major effect on the demand in the region during the forecast period.


Competitive Landscape


Prominent players continue to strive for new product innovations and venture capital investments to gain market share. In addition, growing investment in R&D activities to enhance machine vision technology and related technologies will open up growth opportunities for the industry. Prominent players are undertaking strategic initiatives such as distribution alliances, partnerships, mergers, and acquisitions to improve their market position.


Key Players


Notable players in the market of Machine Vision market are – Cognex Corporation (U.S.), Vitronic GmbH (Germany), Perceptron, Inc. (U.S.), Microscan Systems (U.S.), Basler AG (Germany.), National Instruments (U.S.), Optotune AG (Switzerland), USS Vision (U.S.), ViDi Systems SA (Switzerland), Keyence (Japan), Omron Corporation (Japan), among others.


Recent Developments



  • In May 2020, Cognex launched the Insight D900 embedded vision system. The system is the first-of-its-kind solution, as it features Cognex's ViDi deep learning software within the In-Sight industrial-grade smart camera. The self-contained system is designed to solve a wide range of complex in-line inspection applications, like optical character recognition (OCR), assembly verification, and defect detection.

  • In February 2020, Basler released its latest AI Vision Solution Kit with Cloud Connection. Extends embedded vision development kits with software components that allow flexible access to cloud services. The AI Vision Solution Kit will enable developers to use, train and deploy machine learning models provided in the cloud on the edge device. For this reason, pre-trained neural networks are made available in the cloud as software containers designed for direct use. Users will have the option to extend these networks.


Report Overview


This research report examines crucial factors, constraints, and obstacles in the global machine vision market, regional and segment revenue forecasts, and assessments. The base year is 2017; the projection is 2017-2022. The segmentation of the market is described in the following manner.


Segmentation Table


By Type



  • 1D Machine

  • 2D Machine Vision

  • 3D Machine Vision


By Application



  • Inspection

  • Gauging

  • Guidance

  • Identification

  • Others


By Components



  • Hardware

  • Software


By End-Users



  • Automotive

  • Electronics & Semiconductor

  • Healthcare

  • Food & Packaging

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 21.35 Billion
  CAGR   12.55%
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Components
  Geographies Covered    North America, Europe, Asia-Pacific
  Key Vendors   Cognex Corporation (U.S.) Vitronic GmbH (Germany) Perceptron Inc. (U.S.) Microscan Systems (U.S.) Basler AG (Germany.) National Instruments (U.S.) Optotune AG (Switzerland) USS Vision (U.S.) ViDi Systems SA (Switzerland) Keyence (Japan) Omron Corporation (Japan)
  Key Market Opportunities   
  Key Market Drivers   Rising need for quality inspection and automation


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Frequently Asked Questions (FAQ) :

2020-2027 is the growth period of the market

The market will be rising at 12.55% CAGR in the coming years

Vitronic GmbH (Germany), Cognex Corporation (U.S.), Microscan Systems (U.S.), Basler AG (Germany.), Perceptron, Inc. (U.S.) are the leading companies actively participating in the growth of the market globally

The market will be gaining a valuation of USD 15.46 billion by the end of 2022

The swelling application areas every year and advancement in technology and integration are mainly driving the market on globally.

Asia Pacific is leading the global market with more than 30% of market share.

Europe stands as second biggest market in the market share for having heavy demand from automotive and healthcare industry.