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))
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