PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284081
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284081
Machine Vision Camera Market Forecasts to 2028 - Global Analysis By System, Type, Deployment, Camera Type Sensor Type, Component Pixel Type, Lens Type, Spectrum Type, Application, End User and Geography
According to Stratistics MRC, the Global Machine Vision Camera Market is accounted for $12 billion in 2022 and is expected to reach $20 billion by 2028 growing at a CAGR of 9.4% during the forecast period. Digital sensors with specialised optics are used by machine vision cameras to capture images, which are then processed, analysed, and measured by computer hardware and software to produce accurate results. A machine vision camera can easily examine minute object details that are too small to be seen by the human eye if it is built around the right resolution and optics.
According to recent market research, Machine vision cameras are projected to generate over 26% of their revenue from gauging and measurement applications.
Market Dynamics:
Driver:
Increase in demand for artificial intelligence (AI)
Machine vision systems powered by artificial intelligence are capable of quickly identifying and contrasting flaws with significant variability. Manufacturing facilities use AI-based solutions to increase productivity by maximising asset utilisation, reducing downtime, and improving machine efficiency. It is also anticipated that AI-based solutions will increase productivity through quality control by detecting flaws and assisting in the predictive maintenance of factory equipment. Additionally, AI-based systems are able to look back on the past and learn from it, act in the present, and predict the future. As a result, the industry will have several high-growth prospects thanks to the need for AI in machine vision.
Restraint:
Lack of user awareness about rapidly changing machine vision technology
Since most people are not familiar with how this technology works, business owners must train their staff in the technical capabilities of AI-based devices. Machine vision technology is rapidly changing and improving with AI-based solutions. The cost and length of training have increased as a result of these quickly evolving technologies. Inadequate training can also lead to poor programming of machine vision systems, which can lead to erroneous findings. These problems make it difficult for the market to expand since machine vision technology changes quickly.
Opportunity:
Growing demand for vision guided robotics system
In order to automate quality control, product measurement, ideal placement, and predictive maintenance tasks for consumer electronics manufacturers, vision guided robots systems must be used. Even without a safety barrier, a vision-guided robot can safely operate alongside people in a shared office because it can prevent collisions. The usage of industrial robots for automation in the automotive and consumer electronics industries has rapidly increased. The demand to integrate machine vision systems with vision-guided robot controllers is growing as a result of this.
Threat:
Surging risk of cyber-attacks on industrial machine robots and devices
Data hacking and account hacking are two serious concerns that can affect how well industrial robots work. The adoption of cutting-edge technologies in this area, such as AI machine vision and computer vision, will be directly impacted by this. Artificial intelligence (AI)-based machine vision systems are vulnerable to cyber attacks, which can reduce their effectiveness. We may encounter cyber attacks against them that compromise accuracy, safety, and integrity, which can reduce their effectiveness and result in a decline in market value due to manufacturing process flaws. Because of this, the potential of cyber attacks on industrial machine robots and gadgets is a restraint that is slowing market expansion.
COVID-19 Impact:
Ahead of COVID-19, industrial firms all over the world have committed to increasing their investments in automation. Additionally, as companies have come to understand the value of automated quality assurance in manufacturing processes, demand has grown. The COVID-19 outbreak has increased demand for machine vision cameras globally by decreasing human engagement in numerous operations. As a result, machine vision is now widely seen as being a crucial part of the long-term development of automation. Machine vision can quickly identify problems in automated manufacturing processes. Costs are reduced as a consequence, and reaction times are quicker.
The Software segment is expected to be the largest during the forecast period
The Software segment is estimated to have a lucrative growth. An interface for production lines and cameras is provided by software tools in a collection of industrial machine vision software. The programmer can increase the efficiency of a vision system at a reduced cost by using smart cameras with Linux OS. Major corporations are concentrating on creating open system smart cameras as a result, allowing system integrators to incorporate the required application software from either a third-party or open-source software provider.
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is anticipated to witness the fastest CAGR growth during the forecast period. With the advent of the autonomous car and automation within the production facility itself, the automobile industry is undergoing a fast transformation. The use of machine vision cameras, such as parking cameras, CMS cameras for side views, and SVS cameras for a 360-degree view surrounding the automobile, has grown as a result of ongoing technical improvement. The market for machine vision cameras is anticipated to be driven by the growing use of ADAS and autonomous cars worldwide. Additionally, the machine vision cameras are used for measurement during the development of new parts and in the inspection phase of the automotive manufacturing process. These programmes make use of line scan cameras, 3D imaging cameras, barcode scanners, and other devices.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period. This enormous market share and regional expansion may be responsible for the lucrative potential in the automotive, packaging, pharmaceutical, and other industrial applications in the Asia Pacific region. As the region develops itself as a hub for global manufacturing, the technology is anticipated to gain significant pace throughout the anticipated timeframe. Two important countries with the ability to provide a variety of options for both advancing and established technologies like machine vision are China and Japan. The growth and prosperity of the local economy are facilitated by a variety of industrial sectors.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the dominance of the region's main market for Machine Vision systems, the semiconductor sector. In order to integrate into automation applications like autonomous cars, AI-driven been picking, improved inspection technologies, and so forth, MV technologies are also becoming smaller and smarter. All of this is anticipated to increase demand for MV systems in the area.
Key players in the market:
Some of the key players profiled in the Machine Vision Camera Market include Qualcomm Technologies, Hexagon AB, LMI Technologies, Toshiba Teli, Cognex, Nikon, USS Vision, National Instruments Corporation, Sony Corp. and Teledyne DALSA Inc.
Key Developments:
In March 2021, Cognex introduced the DataMan 8700 Series, the latest generation of portable barcode readers. The gadget is cutting-edge in terms of performance and is extremely simple to operate, requiring no prior tweaking or operator training.
In March 2021, Cognex released Cognex Edge Intelligence (EI) which uses barcode scanning performance monitoring and device management to assist clients in avoiding downtime and enhance the efficiency of manufacturing and shipping operations.
Types Covered:
- 3-D Vision System
- 1-D Vision System
- 2-D Vision System
Deployments Covered:
- Robotic cells
- General
Camera Types Covered:
- Area Scan Camera
- Line Scan Camera
Sensor Types Covered:
- MIG Sensor
- Complementary Metal Oxide Semiconductor (CMOS)
- N-Type MOS Sensor
- Charge-Coupled Device (CCD)
- Other Sensor Types
Components Covered:
- Software
- Hardware
- Other Components
Pixel Types Covered:
- More than 12MP
- Less than 1MP
- 8-12MP
- 1-3MP
- 3-5MP
- 5-8MP
Lens Types Covered:
- Normal Lens
- Wide Angle Lens
- Telephoto Lens
Spectrum Types Covered:
- Visible Light
- Infrared
- X-Ray
Applications Covered:
- Intelligent Transportation System (ITS)
- Quality Assurance and Inspection
- Security and Surveillance
- Medical and Life Sciences
- Measurement
- Identification
- Pattern Recognition
- Position Guidance
- Other Applications
End Users Covered:
- Aerospace
- Automotive
- Food Processing
- Healthcare
- Electronics & Semiconductor
- Manufacturing
- Retail
- Banking
- Printing
- Solar Panal Manufacturing
- Pharmaceuticals
- Wood & Paper
- Glass
- Rubber & Plastic
- Machinery
- Textile
- Metals
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Machine Vision Camera Market, By System
- 5.1 Introduction
- 5.2 Smart Camera
- 5.3 PC based
- 5.4 Compact
- 5.5 Wearable Camera
- 5.6 Wireless Camera
- 5.7 Other Systems
6 Global Machine Vision Camera Market, By Type
- 6.1 Introduction
- 6.2 3-D Vision System
- 6.3 1-D Vision System
- 6.4 2-D Vision System
7 Global Machine Vision Camera Market, By Deployment
- 7.1 Introduction
- 7.2 Robotic cells
- 7.3 General
8 Global Machine Vision Camera Market, By Camera Type
- 8.1 Introduction
- 8.2 Area Scan Camera
- 8.3 Line Scan Camera
9 Global Machine Vision Camera Market, By Sensor Type
- 9.1 Introduction
- 9.2 MIG Sensor
- 9.3 Complementary Metal Oxide Semiconductor (CMOS)
- 9.4 N-Type MOS Sensor
- 9.5 Charge-Coupled Device (CCD)
- 9.6 Other Sensor Types
10 Global Machine Vision Camera Market, By Component
- 10.1 Introduction
- 10.2 Software
- 10.3 Hardware
- 10.3.1 Frame grabber
- 10.3.2 Camera
- 10.3.3 Lighting
- 10.3.4 Optics
- 10.3.5 Processors
- 10.4 Other Components
11 Global Machine Vision Camera Market, By Pixel Type
- 11.1 Introduction
- 11.2 More than 12MP
- 11.3 Less than 1MP
- 11.4 8-12MP
- 11.5 1-3MP
- 11.6 3-5MP
- 11.7 5-8MP
12 Global Machine Vision Camera Market, By Lens Type
- 12.1 Introduction
- 12.2 Normal Lens
- 12.3 Wide Angle Lens
- 12.4 Telephoto Lens
13 Global Machine Vision Camera Market, By Spectrum Type
- 13.1 Introduction
- 13.2 Visible Light
- 13.3 Infrared
- 13.4 X-Ray
14 Global Machine Vision Camera Market, By Application
- 14.1 Introduction
- 14.2 Intelligent Transportation System (ITS)
- 14.3 Quality Assurance and Inspection
- 14.4 Security and Surveillance
- 14.5 Medical and Life Sciences
- 14.6 Measurement
- 14.7 Identification
- 14.8 Pattern Recognition
- 14.14 Position Guidance
- 14.10 Other Applications
15 Global Machine Vision Camera Market, By End User
- 15.1 Introduction
- 15.2 Aerospace
- 15.3 Automotive
- 15.4 Food Processing
- 15.5 Healthcare
- 15.6 Electronics & Semiconductor
- 15.7 Manufacturing
- 15.8 Retail
- 15.9 Banking
- 15.10 Printing
- 15.11 Solar Panal Manufacturing
- 15.12 Pharmaceuticals
- 15.13 Wood & Paper
- 15.14 Glass
- 15.15 Rubber & Plastic
- 15.16 Machinery
- 15.17 Textile
- 15.18 Metals
- 15.19 Other End Users
16 Global Machine Vision Camera Market, By Geography
- 16.1 Introduction
- 16.2 North America
- 16.2.1 US
- 16.2.2 Canada
- 16.2.3 Mexico
- 16.3 Europe
- 16.3.1 Germany
- 16.3.2 UK
- 16.3.3 Italy
- 16.3.4 France
- 16.3.5 Spain
- 16.3.6 Rest of Europe
- 16.4 Asia Pacific
- 16.4.1 Japan
- 16.4.2 China
- 16.4.3 India
- 16.4.4 Australia
- 16.4.5 New Zealand
- 16.4.6 South Korea
- 16.4.7 Rest of Asia Pacific
- 16.5 South America
- 16.5.1 Argentina
- 16.5.2 Brazil
- 16.5.3 Chile
- 16.5.4 Rest of South America
- 16.6 Middle East & Africa
- 16.6.1 Saudi Arabia
- 16.6.2 UAE
- 16.6.3 Qatar
- 16.6.4 South Africa
- 16.6.5 Rest of Middle East & Africa
17 Key Developments
- 17.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 17.2 Acquisitions & Mergers
- 17.3 New Product Launch
- 17.4 Expansions
- 17.5 Other Key Strategies
18 Company Profiling
- 18.1 Qualcomm Technologies
- 18.2 Hexagon AB
- 18.3 LMI Technologies
- 18.4 Toshiba Teli
- 18.5 Cognex
- 18.6 Nikon
- 18.7 USS Vision
- 18.8 National Instruments Corporation
- 18.9 Sony Corp.
- 18.10 Teledyne DALSA Inc.
List of Tables
- Table 1 Global Machine Vision Camera Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Machine Vision Camera Market Outlook, By System (2020-2028) ($MN)
- Table 3 Global Machine Vision Camera Market Outlook, By Smart Camera (2020-2028) ($MN)
- Table 4 Global Machine Vision Camera Market Outlook, By PC based (2020-2028) ($MN)
- Table 5 Global Machine Vision Camera Market Outlook, By Compact (2020-2028) ($MN)
- Table 6 Global Machine Vision Camera Market Outlook, By Wearable Camera (2020-2028) ($MN)
- Table 7 Global Machine Vision Camera Market Outlook, By Wireless Camera (2020-2028) ($MN)
- Table 8 Global Machine Vision Camera Market Outlook, By Other Systems (2020-2028) ($MN)
- Table 9 Global Machine Vision Camera Market Outlook, By Type (2020-2028) ($MN)
- Table 10 Global Machine Vision Camera Market Outlook, By 3-D Vision System (2020-2028) ($MN)
- Table 11 Global Machine Vision Camera Market Outlook, By 1-D Vision System (2020-2028) ($MN)
- Table 12 Global Machine Vision Camera Market Outlook, By 2-D Vision System (2020-2028) ($MN)
- Table 13 Global Machine Vision Camera Market Outlook, By Deployment (2020-2028) ($MN)
- Table 14 Global Machine Vision Camera Market Outlook, By Robotic cells (2020-2028) ($MN)
- Table 15 Global Machine Vision Camera Market Outlook, By General (2020-2028) ($MN)
- Table 16 Global Machine Vision Camera Market Outlook, By Camera Type (2020-2028) ($MN)
- Table 17 Global Machine Vision Camera Market Outlook, By Area Scan Camera (2020-2028) ($MN)
- Table 18 Global Machine Vision Camera Market Outlook, By Line Scan Camera (2020-2028) ($MN)
- Table 19 Global Machine Vision Camera Market Outlook, By Sensor Type (2020-2028) ($MN)
- Table 20 Global Machine Vision Camera Market Outlook, By MIG Sensor (2020-2028) ($MN)
- Table 21 Global Machine Vision Camera Market Outlook, By Complementary Metal Oxide Semiconductor (CMOS) (2020-2028) ($MN)
- Table 22 Global Machine Vision Camera Market Outlook, By N-Type MOS Sensor (2020-2028) ($MN)
- Table 23 Global Machine Vision Camera Market Outlook, By Charge-Coupled Device (CCD) (2020-2028) ($MN)
- Table 24 Global Machine Vision Camera Market Outlook, By Other Sensor Types (2020-2028) ($MN)
- Table 25 Global Machine Vision Camera Market Outlook, By Component (2020-2028) ($MN)
- Table 26 Global Machine Vision Camera Market Outlook, By Software (2020-2028) ($MN)
- Table 27 Global Machine Vision Camera Market Outlook, By Hardware (2020-2028) ($MN)
- Table 28 Global Machine Vision Camera Market Outlook, By Frame grabber (2020-2028) ($MN)
- Table 29 Global Machine Vision Camera Market Outlook, By Camera (2020-2028) ($MN)
- Table 30 Global Machine Vision Camera Market Outlook, By Lighting (2020-2028) ($MN)
- Table 31 Global Machine Vision Camera Market Outlook, By Optics (2020-2028) ($MN)
- Table 32 Global Machine Vision Camera Market Outlook, By Processors (2020-2028) ($MN)
- Table 33 Global Machine Vision Camera Market Outlook, By Other Components (2020-2028) ($MN)
- Table 34 Global Machine Vision Camera Market Outlook, By Pixel Type (2020-2028) ($MN)
- Table 35 Global Machine Vision Camera Market Outlook, By More than 12MP (2020-2028) ($MN)
- Table 36 Global Machine Vision Camera Market Outlook, By Less than 1MP (2020-2028) ($MN)
- Table 37 Global Machine Vision Camera Market Outlook, By 8-12MP (2020-2028) ($MN)
- Table 38 Global Machine Vision Camera Market Outlook, By 1-3MP (2020-2028) ($MN)
- Table 39 Global Machine Vision Camera Market Outlook, By 3-5MP (2020-2028) ($MN)
- Table 40 Global Machine Vision Camera Market Outlook, By 5-8MP (2020-2028) ($MN)
- Table 41 Global Machine Vision Camera Market Outlook, By Lens Type (2020-2028) ($MN)
- Table 42 Global Machine Vision Camera Market Outlook, By Normal Lens (2020-2028) ($MN)
- Table 43 Global Machine Vision Camera Market Outlook, By Wide Angle Lens (2020-2028) ($MN)
- Table 44 Global Machine Vision Camera Market Outlook, By Telephoto Lens (2020-2028) ($MN)
- Table 45 Global Machine Vision Camera Market Outlook, By Spectrum Type (2020-2028) ($MN)
- Table 46 Global Machine Vision Camera Market Outlook, By Visible Light (2020-2028) ($MN)
- Table 47 Global Machine Vision Camera Market Outlook, By Infrared (2020-2028) ($MN)
- Table 48 Global Machine Vision Camera Market Outlook, By X-Ray (2020-2028) ($MN)
- Table 49 Global Machine Vision Camera Market Outlook, By Application (2020-2028) ($MN)
- Table 50 Global Machine Vision Camera Market Outlook, By Intelligent Transportation System (ITS) (2020-2028) ($MN)
- Table 51 Global Machine Vision Camera Market Outlook, By Quality Assurance and Inspection (2020-2028) ($MN)
- Table 52 Global Machine Vision Camera Market Outlook, By Security and Surveillance (2020-2028) ($MN)
- Table 53 Global Machine Vision Camera Market Outlook, By Medical and Life Sciences (2020-2028) ($MN)
- Table 54 Global Machine Vision Camera Market Outlook, By Measurement (2020-2028) ($MN)
- Table 55 Global Machine Vision Camera Market Outlook, By Identification (2020-2028) ($MN)
- Table 56 Global Machine Vision Camera Market Outlook, By Pattern Recognition (2020-2028) ($MN)
- Table 57 Global Machine Vision Camera Market Outlook, By Position Guidance (2020-2028) ($MN)
- Table 58 Global Machine Vision Camera Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 59 Global Machine Vision Camera Market Outlook, By End User (2020-2028) ($MN)
- Table 60 Global Machine Vision Camera Market Outlook, By Aerospace (2020-2028) ($MN)
- Table 61 Global Machine Vision Camera Market Outlook, By Automotive (2020-2028) ($MN)
- Table 62 Global Machine Vision Camera Market Outlook, By Food Processing (2020-2028) ($MN)
- Table 63 Global Machine Vision Camera Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 64 Global Machine Vision Camera Market Outlook, By Electronics & Semiconductor (2020-2028) ($MN)
- Table 65 Global Machine Vision Camera Market Outlook, By Manufacturing (2020-2028) ($MN)
- Table 66 Global Machine Vision Camera Market Outlook, By Retail (2020-2028) ($MN)
- Table 67 Global Machine Vision Camera Market Outlook, By Banking (2020-2028) ($MN)
- Table 68 Global Machine Vision Camera Market Outlook, By Printing (2020-2028) ($MN)
- Table 69 Global Machine Vision Camera Market Outlook, By Solar Panal Manufacturing (2020-2028) ($MN)
- Table 70 Global Machine Vision Camera Market Outlook, By Pharmaceuticals (2020-2028) ($MN)
- Table 71 Global Machine Vision Camera Market Outlook, By Wood & Paper (2020-2028) ($MN)
- Table 72 Global Machine Vision Camera Market Outlook, By Glass (2020-2028) ($MN)
- Table 73 Global Machine Vision Camera Market Outlook, By Rubber & Plastic (2020-2028) ($MN)
- Table 74 Global Machine Vision Camera Market Outlook, By Machinery (2020-2028) ($MN)
- Table 75 Global Machine Vision Camera Market Outlook, By Textile (2020-2028) ($MN)
- Table 76 Global Machine Vision Camera Market Outlook, By Metals (2020-2028) ($MN)
- Table 77 Global Machine Vision Camera Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
