The Industrial Machine Vision Camera Global Market Report 2023 by The Business Research Company, provides industrial machine vision camera market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Industrial Machine Vision Camera Global Market Report 2023, the global industrial machine vision camera market size is expected to grow from $2.30 billion in 2022 to $2.47 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global industrial machine vision camera market size is expected to reach $3.31 billion in 2027 at a CAGR of 7.6%.
The surge in the adoption of industrial robots is expected to propel the growth of the industrial machine vision camera market going forward. Industrial robots refer to a mechanical device that has been designed to automatically carry out production-related duties in industrial settings. An industrial machine vision camera is used in industrial robots to allow them to adjust to environmental obstacles and provide productive benefits.
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The industrial machine vision camera market is segmented:
1) By Product Type: Line Scan Camera, Area Scan Camera
2) By Component: Hardware, Software
3) By Applications: Manufacturing, Medical And Life Sciences, Security And Surveillance, Intelligent Transportation System, Other Applications
Technological advancements are a key trend gaining popularity in the industrial machine vision camera market. Companies operating in the industrial machine vision camera market are adopting new technologies to sustain their position in the market. For instance, in July 2022, Nikon Corporation, a Japan-based consumer and professional digital camera manufacturer launched ‘LuFact’ a new ultra-compact machine vision camera. The LuFact camera is designed in such a way that it has a separate camera head that captures interface conversion units and process images. It is uniquely designed with image processing technology and it can reduce heating in the existing machinery as well as the production line by installing the camera head and I/F conversion unit separately.
The industrial machine vision camera market report table of contents includes:
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