Machine Vision Market Growth and Business Opportunities in Coming Years 2023- 2030


Machine Vision Market size was valued at USD 13.3 billion in 2021 and is expected to reach USD 22.2 billion by 2028, and grow at a CAGR of 7.6 % over the forecast period 2022-2028.

Machine Vision Market Overview

Machine Vision market research is a comprehensive examination of the industry, with an emphasis on global market trends. The report's goal is to give readers a thorough overview of the market, as well as a detailed analysis of market segmentation by end-user industry and geography. The study includes a market attractiveness analysis, which looks at market size, growth rate, and general market dynamics. The global market is expected to expand significantly over the forecast period.

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Major Market Players

Allied Vision Technologies, Cognex Corporation, LMI Technologies, National Instruments Corporation, Sick, Basler, Keyence Corporation, Microscan Systems, OMRON Corporation and Tordivel.

The analysis provides critical market information, significant market trends and prospects, as well as market position statistics for the industry's leading players. The study examines the demand and supply side components of the Machine Vision market, as well as key industry trends, over the forecast period. The study includes a competitive landscape and an analysis of Porter's Five Forces model for the industry to provide market participants with a comprehensive understanding of the market.

Market Segmentations

To provide a complete picture of the industry, the report segments the Machine Vision market by application, end-user, and geography. All segments were scrutinized in light of current and projected market trends. The report's conclusion looks into the global market's overall scope as well as the possibility of investing in specific market segments. The report provides a comprehensive picture of the market by combining qualitative and quantitative data. It researches and forecasts the global market in a number of categories.

Machine Vision Market Segmentation

BY COMPONENT

  • Hardware

  • Software

  • Service

BY PRODUCT

  • Smart Cameras

  • PC- based

BY DEPLOYMENT

  • Robotic cell

  • General machine vision system

BY APPLICATION

  • Quality Assurance & Inspection

  • Measurement

  • Predictive maintenance

  • Positioning & Guidance

  • Identification

BY END-USE INDUSTRY

  • Automotive

  • Food & Packaging

  • Consumer Electronics

  • Metals

  • Pharmaceuticals

  • Printing

  • Solar Panel Manufacturing

  • Electronics and Semiconductor

  • Glass

  • Wood and Paper

  • Rubber & Plastics

  • Machinery/Equipment

  • Textile  

Machine Vision Market Segmentation, By Region

  • North America [United States, Canada]
  • Europe [Germany, France, U.K., Italy, Russia]
  • Asia-Pacific  [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
  • Latin America [Mexico, Brazil, Argentina]
  • Middle East & Africa [Turkey, Saudi Arabia, UAE]

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(Do you have any specific queries regarding this research? Let’s talk to our market experts to understand a better view of the market status.)

Competitive Outlook

The research focuses on significant developments in the Machine Vision industry, as well as organic and inorganic growth strategies. Many businesses place a premium on product launches, product approvals, and other organic growth strategies such as patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies employed in the market. Market participants have been able to expand their client base and operations as a result of these efforts.

Company biographies, SWOT analyses, and market strategies are also included in the research. The study also includes information on key industry players, such as firm biographies, components and services offered, financial figures, and current changes. Market participants in the global Machine Vision market can anticipate profitable growth opportunities in the future due to rising demand in the global industry.

Regional Analysis

After studying political, economic, social, and technological elements affecting the Machine Vision market in various locations, the research includes a comprehensive PEST analysis for all regions, including Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.

Table of Content

Chapter 1. Introduction

Chapter 2. Research Methodology

Chapter 3. Market Dynamics

Chapter 4. Impact Analysis

Chapter 5. Value Chain Analysis

Chapter 7. Porter’s 5 Forces Model

Chapter 8. PEST Analysis

Continued…

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Published in

Electronics

Published on

Jan 31, 2023

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