PUBLISHER: The Business Research Company | PRODUCT CODE: 1693209
PUBLISHER: The Business Research Company | PRODUCT CODE: 1693209
Machine vision software refers to programs and algorithms used to analyze, interpret, and make decisions based on visual data from cameras and other imaging devices. It enables machines to see and understand their surroundings, allowing for automated inspection, measurement, and control in various industries.
The main technologies of machine vision software are personal computer-based machine vision, smart camera-based machine vision, and embedded machine vision. Personal computer-based machine vision refers to the use of a computer, typically a PC, to process and analyze images captured by cameras or image acquisition boards. It is used in quality control and inspection, robotics and automation, packaging and labeling, surface inspection, security and surveillance, and other applications by manufacturing, automotive, electronics and semiconductor, healthcare, transportation and logistics, retail and consumer electronics, banking and finance, and other end users.
The main technologies of machine vision software are personal computer-based machine vision, smart camera-based machine vision, and embedded machine vision. Personal computer-based machine vision refers to the use of a computer, typically a PC, to process and analyze images captured by cameras or image acquisition boards. It is used in quality control and inspection, robotics and automation, packaging and labeling, surface inspection, security and surveillance, and other applications by manufacturing, automotive, electronics and semiconductor, healthcare, transportation and logistics, retail and consumer electronics, banking and finance, and other end users.
The machine vision software market size has grown rapidly in recent years. It will grow from $1.76 billion in 2024 to $2.1 billion in 2025 at a compound annual growth rate (CAGR) of 19.0%. The growth in the historic period can be attributed to rising demand for quality inspection in manufacturing, growing popularity of machine vision in different verticals, extensive advantages in several applications, inventory management and customer analytics in e-commerce and retail, sluggish market growth due to the pandemic.
The machine vision software market size is expected to see rapid growth in the next few years. It will grow to $4.26 billion in 2029 at a compound annual growth rate (CAGR) of 19.4%. The growth in the forecast period can be attributed to increasing adoption of automation in manufacturing, increasing demand for quality inspection, enhancement of product quality, automating challenging or tedious visual inspection tasks, increasing adoption of industry 4.0 technologies. Major trends in the forecast period include technological advancements, integration of machine vision in robotics for industrial automation, adoption of industry 4.0 technologies in manufacturing, strategic partnership and collaboration with new entrants, expansion of machine vision applications.
The growing demand for quality inspection is expected to drive the growth of the machine vision software market in the future. Quality inspection involves the methodical evaluation and assessment of products or processes to ensure they meet predefined standards and specifications, ensuring consistency, reliability, and compliance with regulations. Machine vision software enhances quality inspection by offering automated and precise analysis of products or processes using image processing and pattern recognition algorithms, which enables faster and more accurate detection of defects or inconsistencies. This leads to improved quality control, reducing errors and ensuring higher product quality across industries. For example, in September 2024, the International Federation of Robotics, a Germany-based non-profit organization, reported that industrial robot sales in the UK reached a record high in 2023, with 3,830 units installed, reflecting a 51% increase from the previous year. Therefore, the growing demand for quality inspection is driving the expansion of the machine vision software market.
Major companies operating in the machine vision software market focus on innovative technologies, such as fixed-mount barcode reader technology. Fixed-mount barcode reader technology refers to scanning devices permanently mounted in a fixed location, such as a conveyor belt or a checkout counter. For instance, in February 2022, Cognex Corporation, a US-based manufacturer of machine vision systems, software, and sensors, launched DataMan 280 Series Fixed-Mount Barcode, designed to handle a wide variety of ID applications, such as challenging 1D, 2D, and Direct Part Mark (DPM) code applications in the logistics and industrial sectors. The DataMan 280 has dynamic image generation technology and a high-resolution sensor to enhance code processing and coverage. This technology increases throughput and overall equipment effectiveness (OEE) while enabling users to read complicated barcodes accurately. It also provides connectivity choices for today's Industry 4.0 manufacturing needs. DataMan 280 is perfect for presentation scanning, bottle and package reading, pallet scanning, and reading codes on parts of automobiles and medical devices. Combined with Cognex Edge Intelligence (EI), it offers cutting-edge Industry 4.0 capabilities like simple web browser connectivity, device management, and performance tracking.
In October 2024, Exaktera, a US-based company specializing in the development and manufacturing of optical measurement engineering systems, acquired iiM GmbH for an undisclosed amount. This acquisition enhances Exaktera's ability to offer premium LED solutions and broadens its engineering expertise in optical measurement, thanks to iiM's technical knowledge and complementary product offerings. iiM GmbH is a Germany-based developer of LEDs designed for machine vision lighting.
Major companies operating in the machine vision software market are Alphabet Inc., Microsoft Inc., Intel Corporation, Texas Instruments Incorporated, Atlas Copco AB, Keyence Corporation, Omron Microscan Systems Inc., Teledyne Technologies, Zebra Technologies Corporation, FLIR Systems Inc., TKH Group, National Instrument Corporation, Cognex Corporation, Datalogic S.p.A., Baumer Holding AG, Basler AG, Key Technology Inc., Sick AG, Vitronic GmbH, Isra Vision AG, Stemmer Imaging AG, Matrox Imaging, Allied Vision Technologies GmbH, Qualitas Technologies Pvt. Ltd., MVTec Software GmbH
North America was the largest region in the machine vision software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the machine vision software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the machine vision software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The machine vision software market includes revenues earned by entities by providing services such as software licenses, subscriptions, and customization and integration services. The market value includes the value of related goods sold by the service provider or included within the service offering. The machine vision software market also includes sales of cameras, frame grabbers, lenses, lighting, processors, memory, interfaces, controllers, and robotic arms. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Machine Vision Software Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on machine vision software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for machine vision software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The machine vision software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.