Industrial Machine Vision - Global Market Outlook (2020 -2028)
According to Stratistics MRC, the Global Industrial Machine Vision Market is accounted for $9.85 billion in 2020 and is expected to reach $20.52 billion by 2028 growing at a CAGR of 9.6% during the forecast period. Growing demand for vision-guided robotic systems and rising command for application-specific machine vision systems are the major factors driving the market growth. However, the lack of flexible industrial machine vision solutions is hampering market growth.
Machine vision usually consists of industrial and non-industrial applications. It includes the grouping of various software and hardware that guides operational devices to capture and process image. The machine vision consists of details of the project, requirements and after that coming with a solution.
Based on the end user, the food & beverages segment is estimated to have a lucrative growth due to it involves a range of processes that include portioning, grading, processing, and quality checking. Stringent government regulations about the quality of food products are further fueling the adoption of the technology in the food & beverages segment.
By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the rising number of industries in emerging economies including China, India, Japan, and South Korea. The growing trend of the drift toward 3D-based industrial machine vision systems is expected to propel regional market growth.
Some of the key players profiled in the Industrial Machine Vision Market include Basler, Baumer Optronic, Cognex, Intel, Isra Vision, Jai A/S, Keyence Corporation, MVTec Software, National Instruments, Omron, SICK, Sony, Teledyne Technologies, Texas Instruments, and Tordivel.
Product Types Covered:
• PC-Based Machine Vision Systems
• Smart Camera-Based Vision Systems
• Quality Assurance and Inspection
• Positioning and Guidance
End Users Covered:
• Consumer Electronics
• Electronics and Semiconductor
• Wood and Paper
• Food and Beverages
• Rubber and Plastics
• Pharmaceuticals and Cosmetics
• Solar Panel Manufacturing
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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