The global market for machine vision and vision-guided robotics market is anticipated to grow at a considerable rate and is expected to reach USD 13.18 Billion by 2030, growing at a CAGR of 9.61% during the forecast period 2022-2030. The global machine vision and vision-guided robotics market are driven by the rise in demand for smart cameras for optical character recognition and pharmaceutical packaging and an increase in compatibility with various systems. Technological development has reduced operational costs and complexities, thus allowing technologies to be used in wider applications.
The Covid-19 outbreak is expected to proliferate the growth of the machine vision and vision-guided robotics market and it has become an integral part of the long-term automation advancement process. Manufacturing companies are planning to invest in automation and the need for automated quality assurance has increased in industries. This is because there is a need to have less intervention of humans involved in the process. Amidst the COVID-19 pandemic, the companies are facing huge cash flow issues and are postponing their new projects of machine vision in their factories.
Browse 63 market data Tables and 40 Figures spread through 210 Pages and in-depth TOC on " Machine Vision and Vision Guided Robotics Market by Product (PC-Based Machine Vision Systems, Smart Camera-Based Machine Vision Systems, and Vision Guided Robotics), by Offering (Hardware (Camera, Frame Grabber, Optics/Lenses, LED Lighting, and Processor), by Software(Barcode Reading, Standard Algorithm, and Deep Learning Software), and Services(Integration and Solution Management)), by Application (Quality Assurance & Inspection, Positioning & Guidance, Measurement, and Identification), by End-Use Industry (Industrial and Non- Industrial), and by Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)
The Smart Camera-based machine vision market to grow at a faster rate during the forecast period
Smart camera-based machine vision systems are expected to hold the largest market share in the forecast period and have enhanced the market potential in various non-conventional industries. The smart camera has high demand because it involves less cost, is easy to install and use, and the growing adoption of cameras in 3D imaging.
Global Machine Vision and Vision Guided Robotics Market Segmentation Analysis
Segment |
Categorization |
Leading Category |
Product |
PC-Based Machine Vision Systems, Smart Camera-Based Machine Vision Systems, Vision Guided Robotics |
Smart Camera-Based Machine Vision Systems (Largest) |
Offering |
Hardware (Camera, Frame Grabbers, Optics/Lenses, LED Lighting, and Processors), Software (Barcode Reading, Standard Algorithm, and Deep Learning Software), and Services (Integration and Solution Management)
|
Cameras (Largest) Deep-Learning Software ( Fastest) |
Application |
Quality Assurance & Inspection, Positioning & Guidance, Measurement, and Identification |
Quality Assurance and inspection (Fastest) |
End-Use Industry |
Industrial and Non-Industrial |
Industrial (Automobiles, Food & Beverage – Largest) Non-Industrial (Traffic Management and Security-Fastest) |
Region |
North America, Europe, Asia-Pacific, and Rest of the World |
Asia-Pacific (Fastest) |
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Machine Vision and Vision Guided Robotics Market
Geography Insight
Geographically, APAC is anticipated to grow at the fastest rate in the vision-guided robotics market during the forecast period 2022-2030. The Asian manufacturing industries are adopting innovative technologies which include robotics and vision-guided technology. Moreover, there is a rise in demand for consumer electronic products in the emerging Asian markets which will boost the market growth.
Competitive Insight
Some of the key players operating in the machine vision and vision robotics market: Cognex Corporation, Basler AG, Absolute Vision, ISRA Vision AG, Teledyne Digital Imaging Inc., STEMMER IMAGING AG, Eastman Kodak Company, OMRON Corporation, Allied Vision Technologies GmbH, and KEYENCE CORPORATION.
Scope of the Report
Report Metric |
Details |
Market Size Available for the Years in the Study |
2018-2030 |
Historical Period |
2018–2022 |
Base Year |
2022 |
Forecast Period |
2022–2030 |
Segments Covered in the Study |
Product, Offering, Application, End-Use Industry, and Region |
Geographies Covered in the Study |
North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.) |
Companies Covered in the Study |
Cognex Corporation, Basler AG, Absolute Vision, ISRA Vision AG, Teledyne Digital Imaging Inc., STEMMER IMAGING AG, Eastman Kodak Company, OMRON Corporation, Allied Vision Technologies GmbH, and KEYENCE CORPORATION.
|
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The report provides the market value for the base year 2020 and a yearly forecast till 2027 in terms of revenue (USD Million). The report segments the machine vision and vision robotics market on the basis of product, offering, application, end-use industry, and region.
Machine Vision and Vision Guided Robotics Market Coverage
Product Insight and Forecast 2018-2030
Offering Insight and Forecast 2018-2030
Application Insight and Forecast 2018-2030
End-Use Industry Insight and Forecast 2018-2030
Geographical Segmentation
Machine Vision and Vision Guided Robotics Market by Region
North America
Europe
Asia-Pacific (APAC)
Rest of the World (RoW)