Latest published report by fortune business insights titled “Machine Vision Market Research Report by 2024?. This report provides an in-depth analysis of the machine vision industry, providing information about its current state. It assesses and verifies critical market metrics such as CAGR, gross margin, revenue, pricing, production growth rate, volume, value, market share, and annual growth. This analysis, using both advanced primary and secondary research methods.

Machine Vision Market Size, Share & COVID-19 Impact Analysis, By Type (1-D Vision System, 2-D Vision System, and 3-D Vision System), By System (PC based, Smart Camera, and Others), By Industry (Semiconductor, Healthcare, Automotive, Manufacturing, and Others), and Regional Forecast, 2023-2030

Market Overview:

The global machine vision market size was valued at USD 9.01 billion in 2022 and is projected to grow from USD 9.68 billion in 2023 to USD 16.82 billion by 2030, exhibiting a CAGR of 8.2% during the forecast period of 2023-2030. The North America dominated the machine vision market with a share of 38.62% in 2022.

The purpose of this report is to provide market and strategic insights to help decision-makers make informed investment decisions and identify potential gaps and growth opportunities. The Machine Vision Market report provides a thorough overview of marketing strategies, allowing leading players to make informed decisions. Report provides depth analysis of machine vision industry this analysis, using both advanced primary and secondary research methods, includes:

  • Company Profiles: Learn about major companies’ markets, production capacity, revenues, market shares, recent innovations, and gross profit margins.
  • Examine market dynamics: including drivers, constraints, opportunities, influencers, challenges, and trends.

Machine Vision Market Key Players:

  • Cognex Corporation (U.S.)
  • Basler AG (Germany)
  • Omron Corporation (Japan)
  • Keyence (Japan)
  • National Instruments (U.S.)
  • Sony Corporation (Japan)
  • Teledyne Technologies (U.S.)
  • Texas Instruments (U.S.)
  • Intel Corporation (U.S.)
  • ViDi Systems SA (Switzerland)

Machine Vision Market Drivers:

  • Advancements in Artificial Intelligence: Integration of AI and machine learning technologies enhances the capabilities and accuracy of machine vision systems.
  • Increasing Demand for Automation: The push for higher efficiency and precision in manufacturing and industrial processes drives the adoption of machine vision technologies.
  • Growth of the Industrial Internet of Things (IIoT): The rise of IIoT and connected devices boosts the need for machine vision systems to monitor and analyze production processes in real-time.
  • Technological Innovations: Continuous advancements in camera technology, image processing, and software improve the performance and affordability of machine vision solutions.
  • Rising Quality Control Requirements: Increasing emphasis on quality assurance and defect detection in various industries fuels the demand for advanced machine vision systems.

Reasons to Buy This Report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the Machine Vision Market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the machine vision industry. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Insights:

  • North America (By Type, System, Industry and Country)
    • U.S. (By System)
    • Canada (By System)
    • Mexico (By System)
  • Europe (By Type, System, Industry and Country)
    • U.K. (By System)
    • Germany (By System)
    • France (By System)
    • Italy (By System)
    • Spain (By System)
    • Russia (By System)
    • Benelux (By System)
    • Nordics (By System)
    • Rest of Europe
  • Asia Pacific (By Type, System, Industry and Country)
    • China (By System)
    • India (By System)
    • Japan (By System)
    • South Korea (By System)
    • ASEAN (By System)
    • Oceania (By System)
    • Rest of Asia Pacific
  • The Middle East & Africa (By Type, System, Industry and Country)
    • South Africa (By System)
    • North Africa (By System)
    • GCC (By System)
    • Israel (By System)
    • Turkey (By System)
    • Rest of the Middle East & Africa
  • South America (By Type, System, Industry and Country)
    • Brazil (By System)
    • Argentina (By System)
    • Rest of Latin America

Key Industry Developments

  • German innovator in lighting technology SAC Sirius Advanced Cybernetics GmbH (“SAC”) has been acquired by Cognex. The acquisition broadens Cognex’s reach into sectors like automotive and consumer electronics that produce products quickly and with little tolerance for failures that endanger safety.
  • To support the NVIDIA® Jetson OrinTM Nano system-on-modules (SOMs), which have raised the bar for entry-level edge Artificial Intelligence (AI) and robotics, Basler introduced add-on camera kits with 5 and 13 MP.
  • The 2-megapixel Optimom from Teledyne e2v is a collection of turnkey optical modules that can be “instantly” integrated into embedded-vision systems. It has a compact board, an FPC connector that is widely used in the industry, an integrated low-noise global shutter image sensor from Teledyne e2v, and supplemental lenses.
  • The innovative “VT-S10 Series” PCB inspection system has been released by OMRON Corporation. With the help of this system, high-precision inspection of electronic substrates is automated without the need for specialized knowledge.
  • Cognex unveiled its newest line of portable barcode scanners, the DataMan 8700 Series, which is based on a brand-new technology platform. The apparatus offers state-of-the-art performance and is incredibly easy to use, requiring no prior tuning or operator training.

Table of Content :

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Machine Vision Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Industry Developments – Merger, Acquisitions, and Partnerships
    • Porter’s Five Forces Analysis
    • SWOT Analysis
    • Technological Developments
    • Value Chain Analysis

TOC Continued…!

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