Machine Vision Technology Market Report 2025 (Global Edition)

Global Machine Vision Technology Market Report 2025 Market Size Split by Offering (Hardware, Software, Services), by Product (PC Based, Smart Camera Based), by Application (Quality Assurance and Inspe...

Machine Vision Technology Market Report Description

We have various report editions of Machine Vision Technology Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Machine Vision Technology Market Insights Video

Competitive Landscape of the Machine Vision Technology Market

In the Machine Vision Technology market's competitive landscape, numerous key competitors are driving innovation and growth. The participants in the machine vision industry have employed a variety of inorganic and organic growth strategies, including product launches, collaborations, partnerships, and acquisitions, to enhance their market offerings.

In June 2023, The F440 Smart Camera, which was introduced by Omron Automation Americas, is intended to improve the adaptability of machine vision applications. This compact camera is equipped with a 5MP Sony Pregius IMX264 Global Shutter CMOS Sensor, customizable optics and lighting, and the AutoVISION software, which simplifies system configuration. It is well-suited for a variety of applications, including cap inspection, fill level inspection, box count, label barcode, OCR, and measurement. The F440 is a powerful and versatile solution that is available in a small form factor, thereby meeting the increasing demand for advanced machine vision systems in a variety of industries. (Source: https://automation.omron.com/en/mx/news/press-release-f440-smart-camera-product-launch) In April 2023, Starting with the multiScan136, SICK has introduced its new multiScan100 family, which employs time of flight (TOF) measurement to generate a three-dimensional perception of its environment. High precision is achieved with up to 690,000 measuring points by this 3D LiDAR sensor, which provides mobile platforms with a 360° view. For industrial mobile robots (IMRs), the multiScan136 facilitates navigation, collision prevention, and environment mapping. It is equipped with IP69K rating, multi echo technology, and measurement filters to ensure dependable performance in challenging environments. The sensor's industrial interfaces and compact design facilitate integration, thereby improving IMR applications in logistics and manufacturing. (Source: https://www.sick.com/us/en/improving-industrial-mobile-robots-in-manufacturing-/w/press-MULTISCANPR/) In May 2023, Cognex Corporation introduced the Advantage 182 vision system, which capitalizes on AI-based edge learning technology to serve OEMs in the life sciences sector. This system utilizes sophisticated machine vision and barcode reading to automate intricate tasks such as inspection, classification, and location. Edge learning enables users to rapidly configure inspection applications with minimal training images. Various applications, including blood phase measurement and test tube detection, are easily integrated and reconfigured due to the Advantage 182's modular hardware and software flexibility. This innovation has the potential to improve the scalability and accuracy of the life sciences sector. (Source: https://www.cognex.com/en-in/company/press-releases/2023/advantage-182-press-release)

Top Companies Market Share in Machine Vision Technology Industry: (In no particular order of Rank)

• Cognex Corporation (US)
• Basler AG (Germany)
• Omron Corporation (Japan)
• National Instrument Corporation (US)
• Keyence Corporation (Japan)
• Teledyne Technologies (US)
• Sick AG (Germany)
• TKH Group (Netherland)
• Sony Corporation (Japan)
• Texas Instruments Incorporated (US)
• Intel Corporation (US)
• Atlas Copco (Sweden)
• Microsoft (US)
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Machine Vision Technology Market

Which Region Dominates the Machine Vision Technology Market in 2024?

According to Cognitive Market Research, North America currently dominates the Machine Vision Technology market, and the region is expected to have significant growth during the projected period. This is due to the early implementation of automation in manufacturing. Additionally, the abundance of vendors is indicative of regional origins.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The demand is driven by the increasing use of semiconductors in advanced vehicle vision systems and other intelligent electronic parts in countries such as China, Japan, India, and other Asia Pacific regions.

The current report Scope analyzes Machine Vision Technology Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Machine Vision Technology Market Analysis

According to Cognitive Market Research, the global Machine Vision Technology market size was estimated at USD 13251.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 5300.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Machine Vision Technology market with a market size of USD 4182.17 million in 2024 and is anticipated to grow at a CAGR of 11.0% during the projected period. The U.S. market's Growth of the automotive industry, demand for automation, and the integration of AI.
• The Canada Machine Vision Technology market had a market share of USD 636.07 million in 2024 and is anticipated to grow at a CAGR of 12.0% during the projected period. Canada’s rising automotive sector, government assistance, and innovation investments.
• The Mexico Machine Vision Technology market is anticipated to see growth at a CAGR of 11.7% during the projected period, with a market size of USD 482.35 million in 2024.

Europe Machine Vision Technology Market Analysis

According to Cognitive Market Research, the global Machine Vision Technology market size was estimated at USD 13251.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3975.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.5% from 2024 to 2031.

• The United Kingdom Machine Vision Technology market had a market share of USD 667.88 million in 2024 and is anticipated to grow at a CAGR of 12.3% during the projected period. In the UK, Machine Vision Technology sales see an upswing due to the increasing Industrial automation, robotics adoption, and quality inspection requirements.
• The France Machine Vision Technology market is anticipated to see growth at a CAGR of 10.7% during the projected period, with a market size of USD 365.74 million in 2024.
• According to Cognitive Market Research, the German Machine Vision Technology market size was valued at USD 787.14 million in 2024 and is anticipated to grow at a CAGR of 11.7% during the projected period. In Germany, Machine Vision Technology surged due to the Increased Quality control, technological advancements, and the automotive industry.
• The Italy Machine Vision Technology market is anticipated to see growth at a CAGR of 10.9% during the projected period, with a market size of USD 341.89 million in 2024.
• The Russia Machine Vision Technology market is anticipated to see growth at a CAGR of 10.5% during the projected period, with a market size of USD 616.19 million in 2024.
• The Spain Machine Vision Technology market is anticipated to see growth at a CAGR of 10.6% during the projected period with a market size of USD 325.99 million in 2024
• The Luxembourg Machine Vision Technology market is anticipated to see growth at a CAGR of 11.6% during the projected period, with a market size of USD 123.24 million in 2024.
• The Portugal Machine Vision Technology market is anticipated to see growth at a CAGR of 11.3% during the projected period, with a market size of USD 83.48 million in 2024.
• The Greece Machine Vision Technology market is anticipated to see growth at a CAGR of 11.8% during the projected period, with a market size of USD 47.71 million in 2024.
• The Rest of Europe's Machine Vision Technology market is anticipated to see growth at a CAGR of 10.2% during the projected period, with a market size of USD 616.19 million in 2024.

Asia Pacific Machine Vision Technology Market Analysis

According to Cognitive Market Research, the global Machine Vision Technology market size was estimated at USD 13251.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 3047.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Machine Vision Technology market size was valued at USD 1371.53 million in 2024 and is anticipated to grow at a CAGR of 14.5% during the projected period. Machine Vision Technology surged in China due to Increased Advancements in artificial intelligence, industrial automation, and manufacturing expansion.
• The Japan Machine Vision Technology market is anticipated to see growth at a CAGR of 13.5% during the projected period, with a market size of USD 420.60 million in 2024.
• The India Machine Vision Technology market had a market share of USD 365.74 million in 2024 and is anticipated to grow at a CAGR of 16.8% during the projected period. India's rising Government initiatives, industrial development, and automation demand.
• The South Korean Machine Vision Technology market is anticipated to see growth at a CAGR of 14.1% during the projected period, with a market size of USD 304.78 million in 2024.
• The Australian Machine Vision Technology market is anticipated to see growth at a CAGR of 14.7% during the projected period, with a market size of USD 158.49 million in 2024.
• The South East Asia Machine Vision Technology market is anticipated to see growth at a CAGR of 16.0% during the projected period, with a market size of USD 210.30 million in 2024.
• The Rest of Asia Pacific Machine Vision Technology market is anticipated to see growth at a CAGR of 14.8% during the projected period, with a market size of USD 216.40 million in 2024.

South America Machine Vision Technology Market Analysis

According to Cognitive Market Research, the global Machine Vision Technology market size was estimated at USD 13251.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 662.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Machine Vision Technology market size was valued at USD 283.58 million in 2024 and is anticipated to grow at a CAGR of 13.0% during the projected period. Machine Vision Technology flourished in Brazil due to Increasing automation in various sectors, with a particular emphasis on automotive and manufacturing.
• Argentina's Machine Vision Technology market had a market share of USD 111.31 million in 2024 and is anticipated to grow at a CAGR of 13.3% during the projected period. Argentina's increasing demand for quality control and surveillance.
• Colombia Machine Vision Technology market is anticipated to see growth at a CAGR of 12.2% during the projected period, with a market size of USD 58.97 million in 2024.
• Peru Machine Vision Technology market is anticipated to see growth at a CAGR of 12.6% during the projected period, with a market size of USD 54.33 million in 2024.
• Chile Machine Vision Technology market is anticipated to see growth at a CAGR of 12.7% during the projected period, with a market size of USD 47.71 million in 2024.
• The Rest of Latin America's Machine Vision Technology market is anticipated to see growth at a CAGR of 11.5% during the projected period, with a market size of USD 106.67 million in 2024.

Middle East Machine Vision Technology Market Analysis

According to Cognitive Market Research, the global Machine Vision Technology market size was estimated at USD 13251.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 265.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031..

• The GCC Countries Machine Vision Technology market is anticipated to see growth at a CAGR of 13.5% during the projected period, with a market size of USD 113.43 million in 2024. Machine Vision Technology sales flourish due to the Increasing utilization of automation and vision-controlled robotics in industries such as pharmaceuticals and food and beverage.
• The Egypt Machine Vision Technology market is anticipated to see growth at a CAGR of 13.0% during the projected period, with a market size of USD 27.83 million in 2024.
• The South Africa Machine Vision Technology market is anticipated to see growth at a CAGR of 13.7% during the projected period, with a market size of USD 41.87 million in 2024. Machine Vision Technology sales flourished in South Africa due to increase in the demand for automation and quality control in a variety of industrial sectors.
• The Turkey Machine Vision Technology market is anticipated to see growth at a CAGR of 12.2% during the projected period, with a market size of USD 22.79 million in 2024.
• The Nigeria Machine Vision Technology market is anticipated to see growth at a CAGR of 11.8% during the projected period, with a market size of USD 27.83 million in 2024.
• The Rest of the MEA Machine Vision Technology market is anticipated to see growth at a CAGR of 11.7% during the projected period, with a market size of USD 31.27 million in 2024.

Machine Vision Technology Market Analysis

Machine Vision Technology Market Offering Segment Analysis

According to Cognitive Market Research, Hardware are likely to dominate the Machine Vision Technology Market over the forecast period as a result of the main components that are necessary for efficient operation, such as cameras, lenses, frame grabbers, and processors.

The Software is the fastest-growing segment in the Machine Vision Technology Market spurred by the growing usage of cutting-edge technologies such as artificial intelligence and deep learning, which in turn boost the capabilities of machine vision systems' capabilities.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Machine Vision Technology Industry. Request a Free Sample PDF!

Machine Vision Technology Market Product Segment Analysis

According to Cognitive Market Research, the PC Based segment holds the largest share of the market owing to the fact that it is adaptable and has the capacity to deal with a considerable number of applications.

In the Machine Vision Technology Market, the Smart Camera Based sector has been expanding at a rapid pace, driven by the growing need for small, self-contained systems that provide simplicity of integration and sophisticated capabilities such as artificial intelligence and deep learning.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Machine Vision Technology Application Segment Analysis

Machine Vision Technology Market Application Segment Analysis

According to Cognitive Market Research, The Quality Assurance and Inspection segment holds the largest market share as a result of the intense need for inspection procedures that are accurate and dependable across a variety of sectors.

In the Machine Vision Technology market, the rapidly growing sector is the Identification category. The growth in this category is driven by the growing need for cutting-edge technologies like as artificial intelligence and deep learning, which improve the capabilities of machine vision systems to perform precise identification and recognition jobs.

• Quality Assurance and Inspection
• Positioning and Guidance
• Measurement
• Identification
• Predictive Maintenance

Machine Vision Technology End-use Segment Analysis

Machine Vision Technology Market End-use Segment Analysis

According to Cognitive Market Research, the Automotive sector segment dominates the market due to the industry's significant requirement for manufacturing processes that are both precise and efficient. Quality inspection, automation, and the preservation of safety in production lines are all dependent on machine vision systems.

Pharmaceuticals & Chemicals is projected to be the fastest-growing segment in the Machine Vision Technology market. This is due to the growing demand for inspection processes that are both precise and reliable. In the production of pharmaceuticals and compounds, machine vision systems are essential for the automation of measurements, the enhancement of safety, and the maintenance of quality control.

• Automotive
• Pharmaceuticals & Chemicals
• Electronics & Semiconductor
• Pulp & Paper
• Printing & Labeling
• Food & Beverage (Packaging and Bottling)
• Glass & Metal
• Postal & Logistics
• Others

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

LinkedIn

Profile

Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion