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Machine Vision Market Production, Emerging Technologies and Comprehensive Research Study Till 2022

Author: Akash Sangshetti
by Akash Sangshetti
Posted: Aug 08, 2019

Machine Vision Market – Insight

Machine Vision (MV) refers to the electronic imaging used for process control, inspection getting the automatic guidance. The term MV encompasses several technologies, software and hardware solutions, integrated systems, methods, expertise and actions. Alike conventional Industrial Applications, MV capabilities are extended to Augmented Reality & Virtual Reality as well. Similarly, MV enables ADAS (Advanced Driver Assist Systems), & Smart Security Systems to perceive extensive digital-imaging capabilities to efficiently deliver in low or no light conditions, consuming low battery power without interfering human activity all at once.

Diversified applications are allowing Machine Vision to garner huge traction enabling its Market to grow rapidly. Also, the latest trend of miniaturization of optical and electronic devices is augmenting demand for image processing eventually fostering the MV market growth. Space Robots dictating need for Machine Vision Cameras to see like humans are increasingly becoming reality. Evidently, leading players mentioned above account for the driving force behind the innovations MV witnesses today.

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Acknowledging the seminal work of these players, Market Research Future has recently published a Study report signifying market insights till 2022. In its analysis MRFR asserts that the ever flourishing global market of Machine Vision will garner accruals of USD 15.46 Billion registering a CAGR of 8.18% during 2017-2022.

Machine Vision experiences applications in diversified areas like Hyper spectral cameras allowing combination of spectroscopy and digital imaging explains the market growth. Hyper spectral imaging is extensively used by the military surveillance sector. Similarly adoption of Hyper spectral in various sectors like Mining & Mineralogy, healthcare and Environment Testing fosters the market growth.

Conversely, expensive hyperspectral cameras along with the associated complexities of processing and analyzing imaging data might pose challenges to the market growth. Nevertheless, Smart City Projects where Machine Vision systems are increasingly deployed in the solutions ensuring security and safety including advanced vision technologies will provide immense impetus to the MV market growth.

Key Players

The prominent players in the market of Machine Vision Market are – Cognex Corporation (U.S.), Vitronic GmbH (Germany), Perceptron, Inc. (U.S.), Microscan Systems (U.S.), Basler AG (Germany.), National Instruments (U.S.), Optotune AG (Switzerland), USS Vision (U.S.), ViDi Systems SA (Switzerland), Keyence (Japan), Omron Corporation (Japan) among others.


Global Machine Vision Market for segment on the basis of position, type, technology and application.

Machine Vision Market by Position:

  • Overhead Beam
  • Horizontal Beam

Machine Vision Market by Type:

  • Bidirectional
  • Unidirectional

Machine Vision Market by Technology:

  • Wired
  • Wireless

Machine Vision Market by Application:

  • Transportation
  • Retail
  • Banking & Finance
  • Hospitality
  • Sports & Entertainment
  • Government
  • Others

Worldwide Machine Vision Market – Regional Analysis

Asia Pacific with the largest (30%) market share followed by Europe and North America respectively. APAC dominates the global market, whereas Europe takes the second position owing to the augmented demand from healthcare and automotive sectors. North America is the third largest market for Machine Vision.

Machine Vision Market perceives a positive growth in all the regions on global scale attributing to the increasing application areas every year along with the technological advancements and integration.

Intended Audience

  • Data Centers
  • Manufacturing Companies
  • Software Developers
  • Energy Generation Companies
  • Technology Providers
  • Distributors
  • Research firms
  • Consultancy firms
  • Semiconductor Manufacturers
  • Stakeholders
  • End-user sectors
  • Technology Investors

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List of Figures

Figure 1 Global Machine Vision Market: Drivers & Restraint

Figure 2 Global Machine Vision Market: Supply Chain Process

Figure 3 Global Machine Vision Market: Porter’s Five Forces Analysis

Figure 4 Global Machine Vision Market, By Type

Figure 5 Global Machine Vision Market, By Type (Usd Million) (2016-2022)

Figure 6 1d Machine Vision Systems

Figure 7 Global Machine Vision 1d Machine Vision Market, By Region (Usd Million) (2016-2022)

Figure 8 Global Machine Vision 2d Machine Vision Market, By Region (Usd Million) (2016-2022)

Figure 9 Global Machine Vision 3d Machine Vision Market, By Region (Usd Million) (2016-2022)

Figure 10 Machine Vision Market, By Application

Figure 11 Global Machine Vision Market, By Application (Usd Million) (2016-2022)

Figure 12 Global Machine Vision Inspection Market, By Region (Usd Million) (2016-2022)

Figure 13 Global Machine Vision Gauging Market, By Region (Usd Million) (2016-2022)

Figure 14 Global Machine Vision Guidance Market, By Region (Usd Million) (2016-2022)

Figure 15 Global Machine Vision Identification Market, By Region (Usd Million) (2016-2022)

Figure 16 Global Machine Vision Others Market, By Region (Usd Million) (2016-2022)


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About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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About the Author

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Ma

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Author: Akash Sangshetti

Akash Sangshetti

Member since: Dec 15, 2017
Published articles: 937

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