MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Machine Vision Market Research Report: Forecast (2024–2030). This report provides a detailed assessment of the Machine Vision Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.
Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.
Market Timeline Overview
- Historical Years: 2019-22
- Base Years: 2023
- Forecast year - 2024-2030
This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.
Download a FREE PDF Sample of the Report: https://www.marknteladvisors.com/query/request-sample/machine-vision-market.html (Discover the market potential, platform-specific insights, and key industry trends.)
Machine Vision Market Outlook
According to the report 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. The market growth of machine vision components in the automotive sector is due to increased demand and adoption.
The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.
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Machine Vision Market Drivers:
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.
View Full Report (All Data, In One Place): https://www.marknteladvisors.com/research-library/machine-vision-market.html (Explore in-depth analyses, technological trends, and investment patterns.)
Machine Vision Market Challenge:
Lack of Skilled Professional to Operate Machine Vision Solutions Impeding the Growth of the Market – Machine vision systems and solutions consist of various intricate technologies and devices including sensors, lenses, processors, and artificial intelligence algorithms. These systems and solutions require highly skilled technicians, operators, and professionals to operate and perform the operations. Moreover, the complexity associated with the transmission of data, calculation, and screening further necessitates the skilled professional demand in the factories and manufacturing units. However, there is a shortage of skilled professionals in these required fields such as optics, data interpretation, etc., which in turn hampers the adoption of machine vision solutions at wider rates. Furthermore, factories with advanced machine vision solutions require individuals with complex skill sets and the shortage of individuals results in the reduced operational efficiency of the manufacturing unit. Furthermore, training the existing staff and hiring new professionals further adds a layer of expense to the overall business which restricts the businesses from adopting machine vision technologies. Small and Medium enterprises often face budget constraints in the adoption of machine vision solutions owing to highly-priced skilled professionals, thereby restraining the growth of the Global Machine Vision Market.
Machine Vision Market Segmentation
The study categorizes the Machine Vision Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.
By Component
- Hardware- Market Size & Forecast 2019-2030, USD Million
- Cameras- Market Size & Forecast 2019-2030, USD Million
- Optics- Market Size & Forecast 2019-2030, USD Million
- Frame Grabbers- Market Size & Forecast 2019-2030, USD Million
- LED Lighting- Market Size & Forecast 2019-2030, USD Million
- Others (Processors, Sensors, etc.) - Market Size & Forecast 2019-2030, USD Million
- Software- Market Size & Forecast 2019-2030, USD Million
- Deep Learning Software- Market Size & Forecast 2019-2030, USD Million
- Image Acquisition Software- Market Size & Forecast 2019-2030, USD Million
- Image Processing Software- Market Size & Forecast 2019-2030, USD Million
- Others (Application Software, Open Source Software, etc.) - Market Size & Forecast 2019-2030, USD Million
- Services - Market Size & Forecast 2019-2030, USD Million
By End User
- Automotive- Market Size & Forecast 2019-2030, USD Million
- Electronics- Market Size & Forecast 2019-2030, USD Million
- Food and Beverages- Market Size & Forecast 2019-2030, USD Million
- Healthcare- Market Size & Forecast 2019-2030, USD Million
- Textile- Market Size & Forecast 2019-2030, USD Million
- Others (Retail, Printing, etc.) - Market Size & Forecast 2019-2030, USD Million
By Application
- Quality Assurance & Inspection- Market Size & Forecast 2019-2030, USD Million
- Guidance & Navigation- Market Size & Forecast 2019-2030, USD Million
- Identification & Verification- Market Size & Forecast 2019-2030, USD Million
- Others (Process Control, Management, etc.) - Market Size & Forecast 2019-2030, USD Million
By Product Type
- PC-Based Machine Vision- Market Size & Forecast 2019-2030, USD Million
- Smart Camera-Based Machine Vision- Market Size & Forecast 2019-2030, USD Million
By Technology
- 1-D- Market Size & Forecast 2019-2030, USD Million
- 2-D- Market Size & Forecast 2019-2030, USD Million
- 3-D- Market Size & Forecast 2019-2030, USD Million
By Deployment
- General- Market Size & Forecast 2019-2030, USD Million
- Robotic Cell- Market Size & Forecast 2019-2030, USD Million
Geographical Analysis
The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Talk to Our Industry Analyst: https://www.marknteladvisors.com/query/talk-to-our-consultant/machine-vision-market.html Get personalized insights into company strategies and regional market dynamics.)
Leading Companies in Machine Vision Market Worldwide: Players, Analysis & Future Outlook
- 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
- Others
Key Highlights of the Report
- Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
- Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
- Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
- Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.
Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences
Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/machine-vision-market.html
Frequently Asked Questions (FAQ)
- What is the projected growth rate of the Machine Vision Market?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the Machine Vision Market?
4. Who are the prominent players in the Machine Vision Market?
5. How is the competition structured in this market?
6. How can I access the full report?
About Us
MarkNtel Advisors is a global research and consulting leader providing actionable intelligence across the ICT & electronics industry, spanning electronic equipment & services, software, and digital infrastructure. We analyze the impact of technologies like AI, IoT, and cloud computing on global business ecosystems. Through Consulting Services, we help technology providers and investors interpret emerging market data, refine digital strategies, and adapt to continuous innovation cycles in the connected economy.
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