Learn about the global machine vision market through The Business Research Company, which provides information on machine vision market size, machine vision market drivers and restraints, machine vision market players, the COVID-19 impact on the machine vision market, and more.

The global machine vision market size is expected to grow from $12.09 billion in 2021 to $13.52 billion in 2022 at a compound annual growth rate (CAGR) of 11.8%. The growth in the machine vision market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The machine vision market is expected to reach $18.50 billion in 2026 at a CAGR of 8.2%.

The growing need for quality inspection and automation is expected to propel the growth of the machine vision market over the forecast period.

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The machine vision market consists of sales of machine vision devices, software, and services by entities (organizations, sole traders, and partnerships) that allow a computer to examine, analyse, and identify static or moving images. Machine vision systems are a set of connected devices which are designed to automatically direct production and manufacturing procedures such as go/no assessment and quality control processes using information retrieved from digital images.

Global Machine Vision Market Segments Include:

By Product: PC-Based, Smart Camera-Based

By Offering: Hardware, Software, Service

By Deployment Type: General Machine Vision System, Robotic Cell

By Application: Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification, Predictive Maintenance

By End-Use Industry: Automotive, Pharmaceuticals and Chemicals, Electronics and Semiconductor, Pulp and Paper, Printing and Labeling, Food and Beverage, Postal and Logistics, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global machine vision market in 2021.

The implementation of Artificial Intelligence (AI) is shaping the machine vision market. Artificial intelligence focuses on learning, reasoning, and self-correction and is processed by machines such as computers. Major companies operating in the machine vision systems sector are focused on artificial intelligence-based techniques to strengthen their position.

TBRC’s machine vision market report covers:

Major Market Players: Allied Vision Technologies GmbH, Basler AG, Cognex Corporation, FLIR Systems, Intel Corporation, ISRA Vision, Keyence Corporation, LMI Technologies Inc., Microscan Systems Inc., National Instruments, Omron Corporation, Optotune AG, Sick AG, Sony Corporation, Teledyne Technologies, Texas Instruments, Tordivel AS, USS Vision, ViDi Systems SA, Bosch Rexroth, Euclid Labs, Perception Inc., Vitronic GmbH.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Machine Vision Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides machine vision market overviews, analyses and forecasts market size, share, machine vision market players, machine vision market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s machine vision market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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