Global Multi-Camera Vision Systems Market 2023-2030

Description

List of Tables

Title: Global Multi-Camera Vision Systems Market Size, Share & Trends Analysis Report by Type (2D Vision Systems and 3D Vision Systems), and by End-User (Automotive & Transportation, Healthcare, Manufacturing, Industrial, and Others)Forecast Period (2023-2030).

The global multi-camera vision systems market is anticipated to grow at a CAGR of 9.8% during the forecast period. The growth of the market is attributed to the factors such as continuous advancements in camera technology, image processing algorithms, and AI enhanced capabilities of multi-camera vision inspection systems. These systems handle complex inspections, identify subtle defects, and perform real-time analysis with high accuracy. In May 2022, SOLOMON Technology Corp., launched META-aivi, which is a portable AI vision system that combines the power of machine vision with human dexterity. META-aivi is compatible with smartphones, tablet devices, IP cameras, body cams, and augmented reality glasses, offering a wide range of options and applications as an AI-powered AR platform for users across all industries and sectors.

Segmental Outlook

The global multi-camera vision systems market is segmented based on the type, and end-user. Based on the type, the market is sub-segmented into 2D vision systems and 3D vision systems. Based on end-user, the market is sub segmented into automotive, healthcare, manufacturing, industrial and others. Among the end user, manufacturing sub-segment is anticipated to hold a considerable share of the market, owing to the rising emphasis on product quality across industries and the growing need for reliable inspection systems. Additionally, multi-camera vision inspection systems offer high accuracy and precision in detecting defects, ensuring that products meet stringent quality standards.

3D Vision Systems Sub-Segment is Anticipated to Hold a Prominent Share in the Global Multi-Camera Vision Systems Market

Among the types, 3D vision systems sub-segment is anticipated to hold a considerable share of the market, owing to the enabling the inspection of multiple angles, dimensions, and features simultaneously, and ensuring comprehensive defect detection in intricate products. Thus, the market players are also focusing on developing new and advanced vision system for catering to the growing demand across the globe. For instance, in October 2022, Hitachi Astemo, Ltd. launched a prototype 360-degree stereo vision system for automated vehicles traveling on regular streets. Based on multi-camera 3D sensing, the all-surrounding sensing system is both high-resolution and highly accurate.

Regional Outlook

The global multi-camera vision systems market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Asia-Pacific regional market is expected to grow considerably over the forecast period. The primary factor driving the market growth includes the growing adoption of multi-camera vision systems in diverse industries including automotive, electronics, packaging, pharmaceuticals, and food and beverages. As these industries increasingly recognize the benefits of automated inspection, the demand for multi-camera vision systems continues to grow.

Europe is Expected to Hold a Prominent Share in the Global Multi-Camera Vision Systems Market

Among all regions, Europe is expected to hold a prominent share of the global multi-camera vision systems market. The regional market growth is attributed to the factors such as the growing adoption of cutting-edge imaging technologies, AI algorithms, and machine learning (ML) techniques to deliver precise and efficient inspection results, aligning with the region's appetite for technological advancements. In addition, multi-camera vision inspection systems help businesses reduce costs and minimize waste by detecting defects early in the production process. Thus, the market players are focusing on the innovative product launches for growth of various industry in this region. For instance, in May 2020, Xylon offered updated hardware/software development kit that provides designers with time and cost saving design tools to quickly implement embedded multi-camera systems for ADAS/AD, machine vision, AR/VR, guided robotics, drones and other vision applications. The logiVID-ZU Vision Development Kit is based on Xilinx® Zynq® UltraScale+™ MPSoC, it includes four Xylon's 2.3-MP HDR automotive video cameras, and supports HDMI video input and HDMI video output.

Market Players Outlook

The major companies serving the global multi-camera vision systems market include: Keyence Corp., Cognex Corp., Industrial Vision Systems Ltd., and VIRTUALEXPO. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2021, VVDN Technologies entered into partnership with NVIDIA Corp. to expand opportunities for advanced AI-enabled camera and vision applications.

The Report Covers:

Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global multi-camera vision systems market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying 'who-stands-where' in the market.

Product Code: OMR2027559

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
3.2. Cognex Corp.
- 3.2.1. Overview
- 3.2.2. Financial Analysis
- 3.2.3. SWOT Analysis
- 3.2.4. Recent Developments
3.3. Industrial Vision Systems Ltd.
- 3.3.1. Overview
- 3.3.2. Financial Analysis
- 3.3.3. SWOT Analysis
- 3.3.4. Recent Developments
3.4. Keyence Corp.
- 3.4.1. Overview
- 3.4.2. Financial Analysis
- 3.4.3. SWOT Analysis
- 3.4.4. Recent Developments
3.5. Key Strategy Analysis

4. Market Segmentation

4.1. Global Multi-camera vision systems Market by Type
- 4.1.1. 2D Vision Systems
- 4.1.2. 3D Vision Systems
4.2. Global Multi-camera vision systems Market by End-User
- 4.2.1. Automotive & Transportation
- 4.2.2. Healthcare
- 4.2.3. Manufacturing
- 4.2.4. Industrial
- 4.2.5. Others (Retail & E-Commerce, Government & Defense)

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Allied Vision Technologies GmbH
6.2. Ark Vision Systems GmbH & Co KG
6.3. Basler AG
6.4. Baumer Holding AG
6.5. HAMAMATSU Group
6.6. IDS Imaging Development Systems GmbH
6.7. MVTec Software GmbH
6.8. Nextsense GMBH
6.9. Novasis Innovazione Srl
6.10. OMRON Corp.
6.11. OPTEX GROUP CO., LTD.
6.12. Pleora Technologies Inc.
6.13. TechnologyAdvice, LLC
6.14. Teledyne FLIR LLC
6.15. Teledyne Technologies Inc.