Overview and Scope
Machine vision systems and components refer to technologies and hardware used in automated visual inspection and analysis processes in industrial and commercial applications. These systems are designed to replicate and improve human vision capabilities for tasks such as quality control, object recognition, measurement, and defect detection in various industries.
Sizing and Forecast
The machine vision system and components market size has grown strongly in recent years. It will grow from $12.21 billion in 2023 to $13.19 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to cost reduction in hardware components, increasing industrial automation, growing demand in automotive industry, regulatory standards and compliance.
The machine vision system and components market size is expected to see strong growth in the next few years. It will grow to $17.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to rise of edge computing, expansion of healthcare applications, growth in robotics and automation, expansion of smart cities and infrastructure. Major trends in the forecast period include advancements in sensor technologies, rapid technological advancements, advancements in 3D vision technology, integration of AI (artificial intelligence) and machine vision.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/machine-vision-systems-and-components-global-market-report
Segmentation & Regional Insights
The machine vision systems and components market covered in this report is segmented –
1) By Product Type: PC Based, Smart Camera Based
2) By Component: Hardware, Software
3) By Technology: Imaging Technology, Laser Technology, Augmented Reality
4) By Application: Quality Assurance And Inspection, Position Guidance, Measurement, Identification, Pattern Recognition, Other Applications
5) By End-User: Automotive, Semiconductor, Metal And Glass, Pharmaceuticals, Wood And Paper, Rubber And Plastic, Food Packaging, Consumer Goods, Other End Users
Top 5 Major Players:
- Sony Corporation,
- Panasonic Corporation,
- Texas Instruments Incorporated,
- Omron Corporation,
- Keyence Corporation
Asia-Pacific was the largest region in the machine vision system and components market in 2023. The regions covered in the machine vision systems and components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample_request?id=14417&type=smp
Major Driver Impacting Market Growth
The growing popularity of the e-commerce industry is expected to propel the growth of the machine vision systems and components market going forward. E-commerce (electronic commerce) refers to the purchase and sale of products and services, as well as the transmission of money or data via an electronic network, typically the Internet. The rise in popularity of e-commerce is attributed to its convenience, accessibility, and growing preference for online shopping. E-commerce utilizes machine vision systems and components for tasks such as automated product inspection, enhancing visual search capabilities, and optimizing logistics through efficient object recognition, ultimately improving the overall customer experience and operational efficiency. For instance, in November 2023, according to the United States Census Bureau, a US-based government agency, e-commerce increased and reached the 3rd quarter of 2023 at 7.6%, compared to the 4th quarter of 2022 by 6.9%. 15.4% of all sales in the second quarter of 2023 were made through online stores. Therefore, the growing popularity of the e-commerce industry is driving the growth of the machine vision systems and components market.
Key Industry Players
Major companies operating in the machine vision systems and components market are Sony Corporation, Panasonic Corporation, Texas Instruments Incorporated, Omron Corporation, Keyence Corporation, Teledyne Technologies Incorporated, Cypress Semiconductor Corporation, National Instruments Corporation, Cognex Corporation, FLIR Systems Inc., Baumer Optronic GmbH, Basler AG, Vitronic GmbH, Perceptron Inc., Point Grey Research Inc., Scorpion Vision Ltd., Hitachi Industrial Equipment Systems Co. Ltd., IDS Imaging Development Systems GmbH, Sick AG, Lumenera Corporation, Adept Technology Inc., Microscan Systems Inc., Allied Vision Technologies GmbH, JAI AS, Optotune AG
The machine vision systems and components market report table of contents includes:
1. Executive Summary
2. Machine Vision Systems And Components Market Characteristics
3. Machine Vision Systems And Components Market Trends And Strategies
4. Machine Vision Systems And Components Market – Macro Economic Scenario
5. Global Machine Vision Systems And Components Market Size and Growth
….
32. Global Machine Vision Systems And Components Market Competitive Benchmarking
33. Global Machine Vision Systems And Components Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Machine Vision Systems And Components Market
35. Machine Vision Systems And Components Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Machine Vision Systems And Components Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Machine Vision Systems And Components Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Machine Vision Systems And Components Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…
Table 76: Sony Corporation Financial Performance
Table 77: Panasonic Corporation Financial Performance
Table 78: Texas Instruments Incorporated Financial Performance
Table 79: Omron Corporation Financial Performance
Table 80: Keyence Corporation Financial Performance
Explore the trending research reports from TBRC:
https://topprnews.com/nano-uav-market-size/
https://topprnews.com/agritech-market-growth-analysis-trends/
https://topprnews.com/asrs-for-garments-on-hangers-market-share
https://goodprnews.com/nano-uav-market-size/
https://goodprnews.com/agritech-market-growth/
https://goodprnews.com/asrs-for-garments-on-hangers-market-share/
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
