The Global Machine Vision Market size is valued at USD 13.1 billion in 2024 & is estimated to grow at a CAGR of around 7.5% during the forecast period, i.e., 2024-30.
Key Findings of the Study: Machine Vision Market
Global Machine Vision Market Driver: Proliferation in Electronics Manufacturing Boosting Machine Vision Market Growth
The increasing demand for consumer electronics such as mobile phones, laptops, washing machines, refrigerators, etc., across the globe has been surging the manufacturing of electronics and electronic parts worldwide. The rising consumer inclination towards smart home devices, 5G devices, routers, etc., has been further increasing the overall electronic manufacturing sector. The intricate designs and complex manufacturing processes of consumer electronic parts require precise and consistent solutions to ensure the quality of the electronic products. Machine vision solutions with cameras, sensors, frames, processors, etc., enable advanced inspection and quality control of the electronic, thereby increasing their adoption. Moreover, machine vision solutions detect minute defects in the circuit boards, semiconductor chips, etc., which further increase their adoption in electronic manufacturing. Additionally, the machine vision systems often enabled with AI (Artificial Intelligence) technologies enable the manufacturers to control their unit operations in electronic manufacturing at each step precisely which further augments their adoption in the overall electronic manufacturing sector. Companies such as Cognex Corporation, Texas Instruments, etc., have been launching various AI-enabled machine vision solutions for the electronics industry, which is further increasing the growth of the Global Machine Vision Market.
Access Free Sample Report – https://www.marknteladvisors.com/query/request-sample/machine-vision-market.html
Scope of the Report and Machine Vision Market Segmentation
By Component
-Hardware
–Cameras
–Optics
–Frame Grabbers
–LED Lighting
–Others (Processors, Sensors, etc.)
-Software
–Deep Learning Software
–Image Acquisition Software
–Image Processing Software
–Others (Application Software, Open Source Software, etc.)
-Services
- the hardware segment holds a considerable market share in the machine vision market globally driven by the increasing incorporation of various cameras, processors, sensors, lenses, etc., in the manufacturing units.
By End User
-Automotive
-Electronics
-Food and Beverages
-Healthcare
-Textile
-Others (Retail, Printing, etc.)
By Application
-Quality Assurance & Inspection
-Guidance & Navigation
-Identification & Verification
-Others (Process Control, Management, etc.)
By Product Type
-PC-Based Machine Vision
-Smart Camera-Based Machine Vision
By Technology
-1-D
-2-D
-3-D
By Deployment
-General
-Robotic Cell
Top leading companies in the Machine Vision Market includes:
Cognex Corporation, Basler AG, Keyence Corporation, Teledyne Technologies, TKH Group, Omron Automation, Emerson Electric Co., Sick Ag, Sony Corporation, Intel Corporation, Texas Instruments Incorporated, Ametek Inc., Qualitas Technologies Pvt Ltd, Baumer India Pvt Ltd, Optotune, among others
Machine Vision Market Development
- In 2024: Cognex Incorporation introduced the 380 Modular Vision Tunnel, a new addition to the Modular Vision Tunnel portfolio, featuring the powerful DataMan® 380 barcode reader.
- In 2024: Basler AG launched new racer 2 L 8k and 16k line scan cameras equipped with the latest Gpixel sensors and CXP-12 interface.
For more detailed information about the Machine Vision market report, click here – https://www.marknteladvisors.com/research-library/machine-vision-market.html
Geographical analysis:
North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Others
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
- Asia-Pacific holds a significant market share in the machine vision market worldwide owing to its high manufacturing capabilities.
Note: If you require specific information not covered in the current report, we can provide it through customized option
Related Reports: –
https://www.openpr.com/news/3396952/global-workplace-safety-market-reach-usd-14-9-billion-in-2023
https://www.openpr.com/news/3391034/global-pea-protein-market-size-hits-usd-1-4-billion-mark-in-2022
https://www.openpr.com/news/3391023/global-green-hydrogen-market-expected-to-witness-a-15-7-cagr
Why choose Us?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
For Media Inquiries, Please Contact:
Call: +1 628 895 8081 | +91 120 4278433
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
