Industrial Machine Vision Market Key Highlights:
- Market Size (2024): USD 9,850 Million
- Projected Market Size (2034): USD 19,380 Million
- CAGR (2024-2034): 7%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Industrial Machine Vision Market Definition
The industrial machine vision market refers to the production, distribution, and use of machine vision, which is the technology and methods used to provide imaging-based automatic inspection and analysis for automatic inspection, robot guidance, and process control, generally in the industry. This machine vision helps industries monitor product assembly sequences, advanced robotic surgery in healthcare, and cashier-less stores. It is also helpful in supply chain management, tracking and sorting of items, and barcode reading. There is a high demand for this technology in quality inspection, quality assurance, positioning, guidance, identification, and measurement applications, which help the growth of the industrial machine vision market.
However, the risk factors of the market include the risk of cyber-attacks on industrial machine devices and robots, changing raw material prices, lack of skilled personnel, and the high level of accuracy required that can hamper the market’s growth. The future scope of the market includes achieving higher efficiency, the rise of e-commerce, improving operational efficiency, integration of smart technologies, and focus on eco-friendly products that will help the growth of the industrial machine vision market.
Industrial Machine Vision Market Segmentation:
By Component
By Product
- PC-based
- Smart Camera-based
By Application
- Measurement
- Identification
- Positioning and Guidance
- Quality Assurance and Inspection
- Other Applications
By End-user
- Automotive
- Pharmaceutical & Healthcare
- Food and Beverage
- Electronics & Semiconductor
- Packaging
- Process Control
- Printing & Labeling
- Others
Industrial Machine Vision Market Companies:
- National Instruments
- Cognex Corporation
- Microscan Systems
- Allied Vision Technologies GmbH
- Basler AG
- Machine Vision Technology
- Keyence Corporation
- Cognex
- Omron Corporation
- Sony Corporation
- Teledyne Technologies
- Texas Instruments
- Baumer Optronic
- tordivel
- MVTec Software
- SICK
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