Industrial machine vision market to grow by USD 4,218.42 million from 2022 to 2027 | Significant cost savings in operation due to process control boost the market - Technavio

NEW YORK, Aug. 2, 2023 /PRNewswire/ -- The global industrial machine vision market size is estimated to grow by USD 4,218.42 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 8.4% during the forecast period. APAC will account for 34% of the global market growth. The regional market growth is attributed to factors such as the development and increased adoption of industrial machine vision systems in countries such as China, Japan, and Indonesia. Furthermore, due to the increasing government support and large-scale investments in electric vehicle projects in these countries, the demand for electric vehicles is expected to grow. Additionally, with the provision of innovative and low-cost cameras in the region by the market players and manufacturers the market in this region exhibits strong growth potential. Hence, such factors boost the growth of the regional market during the forecast period. For more insights on the historic period (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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Industrial machine vision market - Segmentation Assessment
Segment Overview
This report extensively covers market segmentation by product type (PC-based and smart camera), component (hardware and software), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

• The market share growth by the PC-based segment will be significant during the forecast period. These systems include an industrial computer that manages and communicates with all the other peripheral devices like lights and cameras. They are used when application requirements require high computing power, multiple cameras, or dedicated Field Programmable Gate Array (FPGA) processors. The rising need for vehicles to be equipped with active safety systems, including external sensors such as cameras, boosts the adoption of PC-based industrial machine vision systems in automobile production. Hence, such factors drive the PC-based segment of the industrial machine vision market during the forecast period.

Insights on the market contribution of various segments, including country and region-wise historic data market data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Industrial machine vision market – Market Dynamics
Key factor driving market growth
Significant cost savings in operation due to process control drive the growth of the industrial machine vision market. Industrial machine vision systems are in the early stages of production, and defective machine vision system components are immediately removed from the process and left unfinished.

The integration of industrial machine vision systems in manufacturing units helps manufacturers reduce labor costs as well as avoid corrective action costs. Hence, such factors boost the growth of the industrial machine vision market during the forecast period.

Leading trends influencing the market 

The rise in demand for Industrial IoT is an emerging trend in the industrial machine vision market. In order to facilitate the production process, the IoT can be integrated with industrial machine vision systems. Furthermore, a fully automated industry i.e. Industry 4.0 includes the development of an IoT ecosystem. This ecosystem enables the creation of automated intelligent production lines where systems, devices, and machines independently communicate and exchange information independently.

Similarly, Industry 4.0 aims to build smart factories where manufacturing processes are decentralized. Also, there are feedback mechanisms that give automated instructions to industrial machines based on production quality. Hence, such trends fuel the growth of the industrial machine vision market during the forecast period.

Major challenges hindering the market growth

Technical issues in deploying machine vision cameras challenge the growth of the industrial machine vision market, industrial machine vision market. These cameras, which are embedded in industrial robots, work efficiently when software and hardware work together. However, if the programmer fails to eliminate all bugs and software errors, the product may not work efficiently. 

The physical combination is also a major challenge that occurs in vision-controlled industrial robots. There may be issues while mounting the camera at a time of physical integration. Hence, such challenges impede the growth of the industrial machine vision market during the forecast period.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Industrial Machine Vision Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the industrial machine vision market between 2023 and 2027
• Precise estimation of the size of the industrial machine vision market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the industrial machine vision market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of industrial machine vision market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global industrial machine vision market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data table on global industrial machine vision market 2017 - 2021 ($ million)

• 4.2 Product type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product type Segment 2017 - 2021 ($ million)

• 4.3 Component Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product Type

• 6.1 Market segments
• Exhibit 30: Chart on Product Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product Type - Market share 2022-2027 (%)

• 6.2 Comparison by Product Type 
• Exhibit 32: Chart on Comparison by Product Type
• Exhibit 33: Data Table on Comparison by Product Type

• 6.3 PC-based - Market size and forecast 2022-2027 
• Exhibit 34: Chart on PC-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on PC-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on PC-based - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on PC-based - Year-over-year growth 2022-2027 (%)

• 6.4 Smart camera - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Smart camera - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Smart camera - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Smart camera - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Smart camera - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product Type 
• Exhibit 42: Market opportunity by Product Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Product Type ($ million)

7 Market Segmentation by Component

• 7.1 Market segments
• Exhibit 44: Chart on Component - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Component - Market share 2022-2027 (%)

• 7.2 Comparison by Component 
• Exhibit 46: Chart on Comparison by Component
• Exhibit 47: Data Table on Comparison by Component

• 7.3 Hardware - Market size and forecast 2022-2027 
• Exhibit 48: Chart on Hardware - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Hardware - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Hardware - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Hardware - Year-over-year growth 2022-2027 (%)

• 7.4 Software - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Software - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Software - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Software - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Software - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Component 
• Exhibit 56: Market opportunity by Component ($ million)
• Exhibit 57: Data Table on Market opportunity by Component ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 59: Chart on Market share by geography 2022-2027 (%)
• Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 61: Chart on Geographic comparison
• Exhibit 62: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 63: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 64: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 66: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Canada - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027 
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Germany - Market size and forecast 2022-2027 
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ million)
• Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 Adimec Advanced Image Systems bv 
• Exhibit 111: Adimec Advanced Image Systems bv - Overview
• Exhibit 112: Adimec Advanced Image Systems bv - Product / Service
• Exhibit 113: Adimec Advanced Image Systems bv - Key offerings

• 12.4 Allied Vision Technologies GmbH 
• Exhibit 114: Allied Vision Technologies GmbH - Overview
• Exhibit 115: Allied Vision Technologies GmbH - Product / Service
• Exhibit 116: Allied Vision Technologies GmbH - Key offerings

• 12.5 AOS Technologies AG
• Exhibit 117: AOS Technologies AG - Overview
• Exhibit 118: AOS Technologies AG - Product / Service
• Exhibit 119: AOS Technologies AG - Key offerings

• 12.6 Basler AG
• Exhibit 120: Basler AG - Overview
• Exhibit 121: Basler AG - Product / Service
• Exhibit 122: Basler AG - Key offerings

• 12.7 Baumer Holding AG
• Exhibit 123: Baumer Holding AG - Overview
• Exhibit 124: Baumer Holding AG - Product / Service
• Exhibit 125: Baumer Holding AG - Key offerings

• 12.8 Cognex Corp.
• Exhibit 126: Cognex Corp. - Overview
• Exhibit 127: Cognex Corp. - Product / Service
• Exhibit 128: Cognex Corp. - Key offerings

• 12.9 Datalogic SpA
• Exhibit 129: Datalogic SpA - Overview
• Exhibit 130: Datalogic SpA - Business segments
• Exhibit 131: Datalogic SpA - Key offerings
• Exhibit 132: Datalogic SpA - Segment focus

• 12.10 Edmund Optics Inc.
• Exhibit 133: Edmund Optics Inc. - Overview
• Exhibit 134: Edmund Optics Inc. - Product / Service
• Exhibit 135: Edmund Optics Inc. - Key offerings

• 12.11 ifm electronic gmbh
• Exhibit 136: ifm electronic gmbh - Overview
• Exhibit 137: ifm electronic gmbh - Product / Service
• Exhibit 138: ifm electronic gmbh - Key offerings

• 12.12 JAI AS
• Exhibit 139: JAI AS - Overview
• Exhibit 140: JAI AS - Product / Service
• Exhibit 141: JAI AS - Key offerings

• 12.13 Keyence Corp.
• Exhibit 142: Keyence Corp. - Overview
• Exhibit 143: Keyence Corp. - Product / Service
• Exhibit 144: Keyence Corp. - Key offerings

• 12.14 OMRON Corp.
• Exhibit 145: OMRON Corp. - Overview
• Exhibit 146: OMRON Corp. - Business segments
• Exhibit 147: OMRON Corp. - Key news
• Exhibit 148: OMRON Corp. - Key offerings
• Exhibit 149: OMRON Corp. - Segment focus

• 12.15 Sony Group Corp.
• Exhibit 150: Sony Group Corp. - Overview
• Exhibit 151: Sony Group Corp. - Business segments
• Exhibit 152: Sony Group Corp. - Key news
• Exhibit 153: Sony Group Corp. - Key offerings
• Exhibit 154: Sony Group Corp. - Segment focus

• 12.16 Teledyne Technologies Inc. 
• Exhibit 155: Teledyne Technologies Inc. - Overview
• Exhibit 156: Teledyne Technologies Inc. - Business segments
• Exhibit 157: Teledyne Technologies Inc. - Key news
• Exhibit 158: Teledyne Technologies Inc. - Key offerings
• Exhibit 159: Teledyne Technologies Inc. - Segment focus

• 12.17 Toshiba Corp.
• Exhibit 160: Toshiba Corp. - Overview
• Exhibit 161: Toshiba Corp. - Business segments
• Exhibit 162: Toshiba Corp. - Key news
• Exhibit 163: Toshiba Corp. - Key offerings
• Exhibit 164: Toshiba Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 165: Inclusions checklist
• Exhibit 166: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 167: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 168: Research methodology
• Exhibit 169: Validation techniques employed for market sizing
• Exhibit 170: Information sources

• 13.5 List of abbreviations 
• Exhibit 171: List of abbreviations

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