GLOBAL MACHINE VISION MARKET RESEARCH REPORT, 2023-2030
Market Value:
• 2021 = USD 33.71 Billion
• 2028 = USD 83.83 Billion
• CAGR = 13.9%
Date Published: January 2023
Publisher: Introspective Market Research
Annual Market Size and Forecast
Technological Roadmap & Regulatory Landscape
Analysis on type and applications
Industry Value Chain Analysis
Analysis on Major Trends
Key strategies by Top Market Players
Market Share Analysis 2021
Global Machine Vision Market was valued at USD 33.71 billion in 2021 and is expected to reach USD 83.83 billion by the year 2028, at a CAGR of 13.9%.
Machine vision is referred to as vision system or industrial vision, is a technology used for monitoring all types of machinery processes. It usually consists of different cameras which are installed over the machines depending upon the need so that the entire process can undergo proper vigilance. These cameras are fixed to perform the task of capturing and interpreting along with providing a signal as per the requirements. In addition, machine vision technology works by the precise coordination of software, hardware, and services.
Leading players involved in the Machine Vision Market include:
• Sony Corporation (Japan)
• ISRA Vision (Germany)
• Basler AG (Germany)
• Intel Corporation (US)
• Omron Corporation (Japan)
• Keyence (Japan)
• National Instruments (US)
• Teledyne Technologies (US)
• Cognex Corporation (US)
• Texas Instruments (US)
• Sick AG (Germany)
• FLIR Systems (US) and other players.
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The Machine Vision Market analysis summary is a comprehensive examination of the present developments in many areas that are driving this vertical trend. Market share, applications, market size, statistics, and sales are all summarized in this report. Furthermore, this research highlights a detailed competition analysis of market possibilities, particularly growth plans as claimed by industry specialists. The Machine Vision Market report examines the competitive environment in terms of markets, applications, and regions to assist the vendor in determining a match or alignment between their strengths and future growth potential.
Central to our report are the company profiles and competitive analysis, providing insights into market players' overview, market role, and operating business segments. We evaluate their financial performance, production volume, sales volume, and sales margin, while highlighting recent market developments. Our market research offers invaluable intelligence and strategic insights to drive informed decision-making. By capitalizing on emerging opportunities and understanding the competitive landscape, our report empowers businesses to thrive in the Global Machine Vision Market.
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Segmentation of Machine Vision Market:
By Offering: -
• Hardware
• Software
• Services
By Application: -
• Positioning & Guidance
• Predictive Maintenance
• Quality Assurance & Inspection
• Measurement
• Identification
Market Segment by Regions: -
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
• Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of South America)
Knowing market share in the base year provides you an idea of the competition and size of the suppliers. It reflects the market's fragmentation, accumulation, dominance, and amalgamation features. The Competitive Scenario provides an outlook study of the suppliers' various industry growth plans. This section's news provides vital insights at various stages while keeping up with the industry and engaging players in the economic discussion. Merger & Acquisition, Collaboration, Partnership, Agreement, Investment & Funding, New Product Launch & Enhancement, Recognition, Rewards & Expansion are the categories that the competitive scenario represents. All of the research data collected helps the vendor identify market gaps as well as competitor weaknesses and strengths, helping them to better their service and product.
COVID-19 Impact on Machine Vision Market
COVID-19 has adversely influenced the overall machine vision system market globally, due to the shutdown of manufacturing and production units. Companies operating in the semiconductor industry are experiencing temporary shutdowns of production sites, which has led to a decrease in revenues for the financial year 2020-2021. During this pandemic, the main objective of the companies is to sustain their businesses by producing safe ways to continue their production operations or explore other sustainable ways to get their revenue streams flowing. The machine vision market in the pre-and post-COVID-19 scenario has been analyzed further in this study. Additionally, there is a halt in the manufacturing and adoption of these systems.
Effective Points Covered in Machine Vision Market Report: -
• Details Competitor analysis with accurate, up-to-date demand-side dynamics information.
• Standard performance against major competitors.
• Identify the growth segment of your investment.
• Understanding most recent innovative development and supply chain pattern.
• Establish regional / national strategy based on statistics.
• Develop strategies based on future development possibilities.
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Table Of Content: -
Chapter1:Introduction
1.1
1.2
1.3
1.4
1.5
1.4.1
1.4.2
Chapter
Chapter
4.1
4.1.1
4.1.2
4.1.4
4.1.5
4.3
4.3.1
7.7.4
To Be Continued… About Us:
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Terms of Use:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Top-down and bottom-up approaches are used to validate the global market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
