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 machine vision market is expected to grow from $15.13 billion in 2021 to $23.47 billion in 2026 at a rate of 9.2%. The global machine vision market size is then expected to grow at a CAGR of 9.5% from 2026 and reach $36.96 billion in 2031.

Increasing urbanization will support the growth of the machine vision market.

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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, analyze, 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 go 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, North America was the largest region in the global machine vision market, accounting for 31.5% of the total in 2021.

Vision-guided robotic systems are a key trend gaining popularity in the machine vision market. A vision-guided robotic system combines robotic applications with the assistance of a machine vision system. A robotic arm receives accurate coordinates via a specialized camera that takes a picture of an object and analyses it. After that, the robotic arm goes to the appropriate location. In robotics, a machine vision camera, proper illumination, and image processing software make up a machine vision system. Industrial vision systems may be utilized in a variety of applications that need precision and accuracy, depending on the technology employed. Vision guided systems have a very low downtime which makes it reliable as it can detect any movement in the operating environment. They also improve product quality and reduce the production costs which makes it better in terms of return on investment. Machine vision can be used in the automobile sector to detect movement or obstacles in the way of the vehicle using vision-guided robotic systems.

TBRC’s Machine Vision Market Report Covers:

Major Market Players: Cognex Corporation, Keyence Corp., Omron Corporation, Sony Corporation, Teledyne Technologies

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 Market Report 2022 is one of a series of new reports from The Business Research Company that provides machine vision market overviews, analyzes 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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