Machine Vision Market Size

Machine Vision Market Overview

Machine Vision Market is projected to grow from USD 16.7 billion in 2025 to USD 41.8 billion by 2034, exhibiting a compound annual growth rate (CAGR) of 10.69% during the forecast period (2025 - 2034). Additionally, the market size for Machine Vision Market was valued at USD 15.5 billion in 2024.

The market is expanding due to rising demand for industrial automation across various industries, including semiconductors, consumer electronics, consumer goods, and food and packaging.

Figure 1: Machine Vision Market Size, 2025-2034 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Machine Vision Market Trends

Increasing Industrial Automation For Advanced Processing Boosts Market Growth

Recently, it has been observed that automation, especially industrial automation, is trending in the market. Since its inception, machine vision has constantly been advancing in optical technology, processors, and software algorithms, making it easier for end-users. Aside from robotic precision, advances in machine vision have enabled automated machines to perform more complex and precise tasks. In 3-D bin picking, for example, random parts are recognized and picked quickly and easily from a bin through emerging technology.

As machine vision technology becomes increasingly integrated with automated machines, benefits such as high speed, accuracy, efficiency, and reduced costs will be recognized. To ensure each operation in the assembly process is completed correctly, SDC uses machine vision in almost every machine it builds. To determine whether a part should be "rejected" or moved forward in the automation process, the vision system sends a "pass/fail" message to the machine using machine vision; parts can also be tracked and where they are in the automation process based on their pass/fail results.

Machine Vision Market Segment Insight

Machine Vision End-User Insights

Based on end-user type, the Machine Vision market segmentation includes Automotive, Pharmaceuticals & Chemicals, Electronics & Semiconductors, Pulp & Paper, Printing & Labeling, Food & Beverage, Glass & Metal, Postal & Logistics, and Others. The automotive industry is one of the fastest-growing market for machine vision, expected to register a growth of 8.68% through the forecast period. The primary end-use market for machine vision systems globally is the automotive sector. In the upcoming years, the sector is expected to grow rapidly.

Moreover, installed MV systems in the automobile industry are frequently utilized for inspection tasks like assembly verification, error proofing, presence/absence checking, and final inspection. Moreover, these MV systems are deployed in the automotive industry for robotic guidance, testing automation, and dimensional gauging.

Figure 2: Machine Vision Market, by End-user, 2022 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The food and beverage industry leads the market with a share of 22% in 2023 and is expected to grow at a CAGR of 6.25% through the forecast period. MV systems are widely utilized in packaging and bottling processes in the food and beverage industries. Machine vision systems are anticipated to experience significant growth in the pharmaceuticals and chemicals, printing and labeling, and other industry verticals, such as agriculture, rubber and plastic processing, solar paneling, machinery and equipment, and security and surveillance, after the end-use industry segment for food and beverage. Furthermore, the food and beverage industry is one of the most significant industries for machine vision systems because of the rising safety culture and stringent government laws that require enterprises to use advanced inspection techniques as part of automation.

Machine Vision by Product Insights

The machine vision market is segmented into PC-based and smart camera-based segments based on product type. The PC-based segment holds a market share of 61.3% in 2023 and is expected to grow at a CAGR of 6.9% through the forecast period. The market's most popular product category was PC-based MV systems. The increase in the use of cameras for 3D sensing and imaging is blamed for the surge.

On the other hand, smart camera-based systems are anticipated to increase rapidly during the forecast period. Throughout the projected period, the segment is expected to increase the fastest. The significant segment growth can be attributed to the increasing use of cameras for 3D imaging.

Vision systems, often known as "machine vision systems," comprise several cameras. Depending on the needs, these cameras are sometimes positioned over the assembly lines to view and evaluate the products and collect data. This encourages these systems to use smart cameras more frequently.

Machine Vision by Application Insights

Based on application type, the machine vision market segmentation includes quality assurance and inspection, positioning and guidance, measurement, and identification. The quality assurance and inspection segment accounted for the largest share of this market, with a share of 35.4% in 2022 and is also projected to drive the market at a CAGR of 7.9% through the forecast period. Particularly in the packaging industry, the systems are widely utilized for label, barcode, and text identification. This automates packing tasks, which reduces the time spent on them, eliminates human mistakes, and boosts productivity.

Furthermore, 2D machine vision has difficulty assessing issues with image inspection like color irregularity, distortion level, or inspecting the solder or welding profile. However, this problem is resolved by 3D machine vision by identifying height and surface details. One of the key factors propelling the growth of this market is the quick uptake of 3D machine vision for scanning and assessing the quality of objects in industrial sectors like automotive, electronics, semiconductor, and pharmaceutical.

The packaging, pharmaceutical, and consumer products industries all often employ technology. The use of technology in these industries has significantly decreased the number of counterfeit goods produced, thus helping the market gain momentum for more adoption. In addition to using machine imaging for identification, other applications include traffic monitoring, number plate recognition, and camera surveillance.

During the projected period, the predictive maintenance segment is anticipated to grow the fastest. When an item is in a state of degradation, predictive maintenance is performed, which lowers the cost compared to other methods.

Machine Vision Regional Insights

This market has been segmented by region into North America, Europe, Asia-Pacific, and the rest of the world. The Asia-Pacific region accounted for the largest share of this market, with a share of 40.4%, and is expected to dominate the market through the forecast period. The major nations in the region, including China, Japan, India, and South Korea, which have the most progressive factories and where the automation of manufacturing processes has been prioritized, are responsible for the market's expansion. The region's rapid industrial growth has greatly aided in the development and success of several innovations by adopting diverse technologies.

However, the North American region is the second largest market and is projected to boost the machine vision market with a CAGR of 5.31% in the upcoming years. Furthermore, the North American market for providers of machine vision systems is considerable. The regional market is predicted to grow significantly throughout the forecast period due to early factory automation adoption and a sizable number of market suppliers with a regional origin. This is explained by escalating technological development and spending on R&D in the region's nations. The United States is a world leader in R&D for technical advancements and effective engineering techniques. The dominance of the semiconductor industry in the region is another element anticipated to promote market revenue growth.

Figure 3: Machine Vision Market, by Region, 2022 & 2030 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

More intelligent manufacturing and logistics solutions are required as industrial output becomes more networked. Due to automation and the widespread availability of computing power, Industry 4.0 in logistics and warehousing is on the rise. Industry 4.0 is a result of the interconnectedness of machines and their processing. Moreover, it permits Internet of Things-powered autonomous production techniques.

Machine Vision Key Market Players & Competitive Insights

The market in Asia Pacific is also anticipated to increase due to additional variables, including a greater emphasis on advancements, spending on vision-related research activities, and an expanding industrial base in the area.

Major players in the Machine Vision market include Omron Corporation, Keyence Corporation, Cognex Corporation, 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., and Zebra Technologies Corp., are among the others.

Key Companies in the Machine Vision market include

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  Omron Corporation

  
  


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  Cognex Corporation

  
  


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  Keyence Corporation

  
  


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  Deci AI

  
  


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  Eko

  
  


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  Lenovo

  
  


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  Relation Therapeutics

  
  


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  Teledyne FLIR LLC

  
  


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  Atlas Copco AB

  
  


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  National Instruments Corporation

  
  


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  Vitronic Machine Vision LTD

  
  


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  Basler AG, Optotune

  
  


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  USS Vision LLC

  
  


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  TKH Group, SICK AG

  
  


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  MVTEC Software GMBH

  
  


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  Datalogic S.P.A,

  
  


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  Zebra Technologies Corp

  
  

Machine Vision Industry Developments

In June 2023, Allied Vision Technologies Gmbh showcased a range of products at ‘Automatica’ in Munich, including the Alvium G1 and Alvium G5 GigE Vision cameras. In addition, they launched the AI-Blox platform alongside the GMSL-2 Alvium GM2 camera. Also on display was the Nerian 3D depth camera ‘Ruby’ and the company’s Goldeye XSWIR camera. Allied Vision also exhibited the Goldeye XSWIR camera, which brings sensitivity into the SWIR range – as much as 2.2 µm, which is essential for demanding imaging tasks, along with the LASER World of PHOTONICS conference.

In June 2023, Omron Automation Americas created a buzz in the industry by launching the F440 Smart Camera versatile for machine vision tasks. It consists of high-resolution sensors, programmable lighting and optics, and an easy-to-use vision system through ‘AutoVISION’ software. Useful applications include cap inspection, box count, fill level inspection, measurement, and other applications such as label barcode & OCR cameras.

In June 2022, SICK Ag presented the new family of multiScan100 with the introduction of the multiScan136, which employs the time of flight TOF measuring technique to form spatial views. The multiScan136 not only self localizes vehicles by using the provided 3D measurement data but also creates a map of its surroundings. It has been specified to be used in mobile robotics in the logistics and manufacturing context, and also in both indoor and outdoor measurements.

In May 2022, Cognex Corporation introduced the Advantage 182 vision system, which aims at automating complicated locational verification tasks, sorting tasks and inspection tasks aimed at the life sciences sector. The system incorporates cutting-edge machine vision, barcode reading and edge learning technology, and many others suitable for more automated tasks, presence/absence detection, track and trace, high-end precision alignments, and complex color inspections.

Machine Vision Market Segmentation

Machine Vision Product Outlook

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  PC-Based

  
  


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  Smart Camera Based

  
  

Machine Vision Application Outlook

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  Quality Assurance & Inspection

  
  


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  Positioning & Guidance

  
  


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  Measurement

  
  


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  Identification

  
  

Machine Vision End-User Outlook

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  Automotive

  
  


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  Pharmaceuticals & Chemicals

  
  


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  Electronics & Semiconductor

  
  


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  Pulp & Paper

  
  


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  Printing & Labeling

  
  


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  Food & Beverage

  
  


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  Glass & Metal

  
  


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  Postal & Logistics

  
  


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  Others

  
  

Machine Vision Regional Outlook