The Rise of Machine Vision Market: Innovations and Analysis

Global machine vision market is anticipated to grow at a CAGR of 7.3% during the forecast period (2024–2031). The market growth is driven by the increasing demand for industrial applications and the increase in demand for vision-guided robotics systems. Industrial machine vision system plays a crucial role in ensuring product quality. 

The market is also growing attributing to the incorporation of vision-guided robotics technologies. The use of industrial robots for automation in sectors such as automotive and consumer electronics sectors has experienced massive growth. The resulting systems utilize advanced image processing and analysis techniques to extract meaningful information from captured images or videos, enabling real-time decision-making and automation.

Browse the full report description of “Machine Vision Market Size, Share & Trends Analysis Report by Type (One Dimension (1D), Two Dimension (2D), Three Dimension (3D), and Area or Line Scan), by Application (Identification, Guidance and Positioning, Measurement, and Quality Assurance and Inspection), by Component (Camera, Lenses, Lighting Source, Processor, and Software) and by Industry Vertical (Automotive, Machinery, Food & Packaging, Non-Industrial, Healthcare, and Security & Surveillance) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/machine-vision-market

Machine vision systems offer precise, rapid, and reliable delivery reliability. However, they require high investments in the training and education of operators which plays a very important role in technology to enter new markets. This system provides the flexibility to inspect various products with the help of using smart cameras. Adopting a machine vision system necessitates specialized equipped knowledge. 

Recent Developments 

•  In April 2024, Cognex launched the 380 Modular Vision Tunnel, powered by the Cognex Data Man 380 barcode reader. This tunnel solution is designed for minimal footprint, maximum depth of field, and versatility and scalability.

• In June 2023, Allied Vision Technologies GmbH exhibited a substantial range of technologies and products at 'Automatic' in Munich. These included the 'Alvium G1' and 'Alvium G5 small GigE Vision and 5GigE Vision cameras, the launch of the company’s ‘AI-Blox’ platform together with its upcoming GMSL-2 Alvium GM2 camera, the Nerian 3D depth camera ‘Ruby’, and a look at the company’s Goldeye XSWIR camera.

• In June 2023, Omron Automation Americas launched the F440 Smart Camera to provide flexibility to machine vision operations. It includes a high-resolution sensor, customizable lighting and optics, and a simplified vision system configuration via the ‘Auto VISION software. The camera is useful in applications including cap inspection, box count, fill level inspection, measurement, and label barcode & OCR (Optical Character Recognition), among others.

• In May 2023, Cognex Corporation launched the ‘Advantage 182’ vision system for the automation of complex location, classification, and inspection tasks, particularly in the life sciences industry. The system features advanced machine vision, barcode reading, and edge learning technology for automating tasks such as presence/absence detection, track-and-trace applications, high-precision alignment, and complex color inspections.

Market Coverage  

· The market number available for 2023-2031 

· Base year: 2023 

· Forecast period: 2024-2031 

· Segment Covered- 

o By Type

o By Application

o By Component 

o By Industry Vertical 

· Regions Covered- 

o North America 

o Europe 

o Asia-Pacific 

o Rest of the World

• Competitive Landscape: Basler AG, Cognex Corp., KEYENCE CORP., OMRON Corp., and Sony Group Co. among others.

Key questions addressed by the report 

• What is the market's growth rate? 
• Which segment and region dominate the market in the base year? 
• Which segment and region will project the fastest growth in the market? 
• Who is the leader in the market? 
• How are players addressing challenges to sustain growth? 
• Where is the investment opportunity? 

Global Machine Vision Market Report Segment 

By Type

• One Dimension (1D)
• Two Dimensions (2D)
• Three Dimensions (3D)
• Area or Line Scan 

By Application

• Identification
• Guidance & Positioning 
• Measurement 
• Quality Assurance and Inspection

By Component 

• Camera
• Lenses
• Lighting Source
• Processor
• Software

By Industry Vertical

• Automotive
• Machinery 
• Food & Packaging 
• Non-Industrial
• Healthcare
• Security & Surveillance 

Global Machine Vision Market Report Segment by Region 

North America 

· United States 

· Canada 

Europe 

· UK 

· Germany 

· Italy 

· Spain 

· France 

· Rest of Europe 

Asia-Pacific 

· China 

· India 

· Japan 

· South Korea 

· Rest of Asia-Pacific 

Rest of the World 

· Latin America

· Middle East and Africa

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