The growing demand for industrial automation in multiple end-use industries, the rising demand for quality inspection are some of the prime factors which is driving the demand for Machine Vision Market.
JERSEY CITY, N.J. , May 23, 2022 /PRNewswire/ — Verified Market Research recently published a report, “Machine Vision Market” By Offering (Hardware, Software), By Application (Measurement, Identification), By End Use Industry (Automotive, Pharmaceuticals & Chemicals), and By Geography. According to Verified Market Research, the Global Machine Vision Market size was valued at USD 12.30 Billion in 2021 and is projected to reach USD 18.65 Billion by 2030, growing at a CAGR of 5.26% from 2022 to 2030.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=3983
Browse in-depth TOC on “Machine Vision Market“
202 – Pages
126 – Tables
37 – Figures
Global Machine Vision Market Overview
Rapid growth and innovation in the machine vision system have bought a new wave of industrial applications. The system has become the superior technology for automated inspection in manufacturing worldwide. It helps the business to achieve the needed quality by identifying the defect more efficiently than the human. Therefore, machine vision systems are increasingly becoming popular in the industrial automation sector. Furthermore, machine vision systems have also emerged in the areas such as food production, autonomous vehicles, security, packaging, and logistics. Industrial robotics is becoming increasingly used in the world today.
For instance, according to the New World Robotics 2020 Industrial Robots report, there are around 2.7 million industrial robots operating in factories around the world. Automotive and consumer electronics are some of the key industries for robotics deployment. According to robotics industry statistics for 2021, there are nearly 1287 robots per 10,000 employees in the automotive industry. The vision-guided robotics have become popular in recent years. Which has led to the increasing use of the machine vision system in robots. When robots are integrated with the machine vision system, it gives better accuracy, understanding, and orientation. Therefore, the rising deployment of industrial robots is driving the growth of the Global Machine Vision Market.
- In January 2021, LMI Technologies, Inc. announced the acquisition of FringeAI, an innovative AI and IIoT/5G inspection company based in Boston, U.S. to increase the capability of LMIs’ existing portfolio of 3D sensors hardware and web-based inspection software.
The major players in the market are LMI Technologies, Inc., TKH Group, Tordivel AS, Microscan Systems, Inc., Cognex Corporation, Sick AG, National Instruments Corporation, Teledyne DALSA, Keyence, and Basler.
Verified Market Research has segmented the Global Machine Vision Market On the basis of Offering, Application, End Use Industry, and Geography.
- Machine Vision Market, By Offering
- Machine Vision Market, By Application
- Quality Assurance and Inspection
- Positioning and Guidance
- Machine Vision Market, By End Use Industry
- Pharmaceuticals & Chemicals
- Electronics & Semiconductor
- Printing & Labeling
- Food & Beverage (Packaging and Bottling)
- Machine Vision Market, by Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
Browse Related Reports:
Smart Manufacturing Market By Component (Hardware, Software, Services), By Technology (Machine Execution Systems, Programmable Logic Controller, SCADA), By End-use (Automotive, Aerospace & Defense, Chemicals & Materials), By Geography, Forecast, 2021-2028
Industrial Automation Oil And Gas Market By Process (Upstream Process, Midstream Process, Downstream Process), By Solution (Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC)), By Instruments (Field Instruments, Control Valves), By Geography, Forecast, 2021-2028
Industrial Automation Market By Components (Enterprise-level Controls, Plant Instrumentation), By End Users (Oil and Gas, Chemicals and Materials, Paper and Pulp), By Geography, Forecast, 2021-2028
Machine Vision and Vision Guided Robotics Market By Type (PC-based Machine Vision Systems, Smart Camera Based Machine Vision Systems), By Application (Industrial Application Areas, Non-industrial Application Areas), By Geography, Forecast, 2021-2028
7 Leading Industrial Control And Factory Automation Companies – carving the technological masterpiece
Visualize Machine Vision Market using Verified Market Intelligence:-:
Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.
VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: [email protected]
Follow Us: LinkedIn | Twitter
SOURCE Verified Market Research