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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 2027", market is estimated to be USD 9.5 billion in 2020 and is predicted to reach USD 13.8 billion by 2027, 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 2027"

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

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“Asia-Pacific to hold the largest regional market share in 2020.”

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

Global Machine Vision Market Coverage

Offering Insight and Forecast 2015-2027

• Hardware
• Software

Product Insight and Forecast 2015-2027

• PC Based
• Smart Camera-Based

Application Insight and Forecast 2015-2027

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

End User Insight and Forecast 2015-2027

• 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