Global Machine Vision Market estimated to be USD 9.5 billion in 2020 and is predicted to reach USD 12.9 billion by 2025, growing at a CAGR of 6.0% during the forecast period (2020-2025))

Published Date: Nov, 2020

The report "Machine Vision Market by Offering (Hardware, Software), by Product (PC Based, Smart-Camera Based), by Application (Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification), by End User (Automotive, Pharmaceuticals & Chemicals, Electronics & Semiconductor, Pulp & Paper, Printing & Labeling, Food & Beverage [Packaging and Bottling], Glass & Metal, Postal & Logistics, Others) - Global Forecast to 2025", market is estimated to be USD 9.5 billion in 2020 and is predicted to reach USD 12.9 billion by 2025, growing at a CAGR of 6.0% during the forecast period. Some of the major factors responsible for the growth of machine vision across the globe are growing demand for quality inspection and automation in various industrial verticals, rising demand for vision-guided robotic systems across the various industries such as chemical, food & beverage, pharmaceutical, packaging, and automotive industries.

Browse 63 market data Tables and 40 Figures spread through 165 Pages and in-depth TOC on "Machine Vision Market by Offering (Hardware, Software), by Product (PC Based, Smart-Camera Based), by Application (Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification), by End User (Automotive, Pharmaceuticals & Chemicals, Electronics & Semiconductor, Pulp & Paper, Printing & Labeling, Food & Beverage [Packaging and Bottling], Glass & Metal, Postal & Logistics, Others) - Global Forecast to 2025"

On the basis of application, the global machine vision market is categorized into quality assurance & inspection, positioning & guidance, measurement, and identification. In 2020, the quality assurance and inspection segment is expected to be largest among all the segments and is projected to maintain its dominance, over the study period. However, identification segment is expected to experience fastest growth rate during the forecast period. This is owing to various advantages and opportunities offered by the technology globally.

Global Machine Vision Market Segmentation Analysis

Segment

Categorization

Leading Category

Offering

Hardware, Software

Hardware (Larger)

Product

PC Based, Smart-Camera Based

PC Based (Larger)

Application

Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification

Quality Assurance and Inspection (Largest)

End User

Automotive, Pharmaceuticals & Chemicals, Electronics & Semiconductor, Pulp & Paper, Printing & Labeling, Food & Beverage [Packaging and Bottling], Glass & Metal, Postal & Logistics, Others

Automotive (Largest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

Asia-Pacific (Largest)

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“Asia-Pacific to hold the largest regional market share in 2019.”

Asia-Pacific is the largest revenue contributor in the machine vision market. The Asia-Pacific region, in particular countries such as China, Taiwan, Japan, South Korea, and India, are experiencing increase in terms of adoption of machine vision products and solutions compared with other regions.

Some of the major players in the global machine vision market include Microscan Systems, Inc., Basler AG, OMRON Corporation, Keyence Corporation, Cognex Corporation, National Instruments Corporation, Intel Corporation, ISRA Vision, Sick AG, and FLIR Systems.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2025

Historical Period

2015–2019

Base Year

2019

Forecast Period

2020–2025

Segments Covered in the Study

Offering, Product, Application, End User, 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

Microscan Systems, Inc., Basler AG, OMRON Corporation, Keyence Corporation, Cognex Corporation, National Instruments Corporation, Intel Corporation, ISRA Vision, Sick AG, and FLIR Systems

Global Machine Vision Market Coverage

Offering Insight and Forecast 2015-2025

  • Hardware
  • Software

Product Insight and Forecast 2015-2025

  • PC Based
  • Smart Camera-Based

Application Insight and Forecast 2015-2025

  • Quality Assurance and Inspection
  • Positioning and Guidance
  • Measurement
  • Identification

End User Insight and Forecast 2015-2025

  • Automotive
  • Pharmaceuticals & Chemicals
  • Electronics & Semiconductor
  • Pulp & Paper
  • Printing & Labeling
  • Food & Beverage (Packaging and Bottling)
  • Glass & Metal
  • Postal & Logistics
  • Others

Geographical Segmentation

Machine Vision Market by Region

North America

  • By Offering
  • By Product
  • By Application
  • By End User
  • By Country – U.S., Canada, and Mexico

Europe

  • By Offering
  • By Product
  • By Application
  • By End User
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Offering
  • By Product
  • By Application
  • By End User
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Offering
  • By Product
  • By Application
  • By End User
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
Our Industry
Global Machine Vision Market estimated to be USD 9.5 billion in 2020 and is predicted to reach USD 12.9 billion by 2025, growing at a CAGR of 6.0% during the forecast period (2020-2025))