Global Machine Vision Market Insights, Forecast to 2030

The global Machine Vision market is projected to grow from US$ 8991.9 million in 2024 to US$ 11380 million by 2030, at a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period.

The continuous miniaturization of semiconductors has made it impossible for the human eye to detect flaws in the production processes thereby requiring the need for robots that use machine vision. This will bolster the machine vision market growth in the coming years. 

The rising trend of automation in the logistics industry will surge the growth of the market in the forthcoming years. 

Ecological loss and climate change are putting pressure on the agriculture industry to deliver enhanced crop yield for meeting the demand of a large population, in turn, driving the growth of the global machine vision market.

Machine Vision Market Trends

Food industry

The growing focus on food quality, safety, and stricter regulatory guidelines by FDA has mandated the use of machine vision technology for food processors and OEM manufacturers. Barcode readers were the norm. However, in recent years solid hardware solutions like cameras have entered thereby driving the growth of the machine vision market. They combine character reading with pattern searches to detect date codes, product descriptions, and equipment traceability. The cameras make use of programming and vision capabilities to manage the hygiene of equipment and the quality of food products. Moreover, it is also used for assessing container integrity, labeling, and checking the appropriate quantity of food packets. Cross-packet contamination, accumulation of debris, and temperature checks are done regularly. On top of it measuring the allergen levels, food ripeness, color, and spoilage is a must. 

Semiconductor industry

Robots have become ubiquitous in the semiconductor manufacturing process. They are efficient to perform on-the-fly testing and use an attached camera with a microscope to detect and classify defects. A high-resolution image-based comparison is performed on the wafer side by side. Chips with similar geometries are compared with one another to ensure time to market and no significant production downtime. This will drive the machine vision market growth during the forecast period. The chips are also compared with cell-to-cell, dye, and pixel levels. All the data gets registered and the problematic wafer area is prepared for the classification stage. Herein the type of fault is determined for fixing the fabrication process. Computer vision algorithms are used for feature extractions and the images are tagged with their fault type for final recovery. 

Logistics industry

The high demand for automation and the need for improving employee productivity are driving the massive adoption of machine vision systems. This will bolster the growth of the global machine vision market. The smart cameras based on pattern recognition identify container sha[es, dimensions to optimize the loading of a truck. The inbuilt sensors and 3D cameras are ideal for package sorting, date code inspection, and gloss detection. The verification is done in precise terms and the measurement is accurate. Objects are located even in low contrast situations removing concerns of displacement. Barcodes and images are taken from multiple angles and there is no need for manual intervention. Service throughput and preventative maintenance are also possible. Moving more products per hour with negligible mistakes decreases operational costs in the long run and increases customer satisfaction. 

Agricultural Industry

The rising population explosion and global warming-initiated ecological loss are creating tremendous pressure on the agricultural industry to meet the worldwide food demand. Precision-based crops use machine vision technology. This will drive the growth of the machine vision market. The computer vision algorithms combine satellite imagery and identify the patterns in the field. Any anomaly detection is sent to the farmers for further scrutiny. The inherent artificial intelligence provides them the information on what weed types are attacking the crops in real-time. The drones capture multi-spectral imagery with high resolutions and the deep learning models use cloud computing to predict crop health issues. Vast farmlands are scanned frequently to provide real-time threat detection. Customized herbicides are prepared for removing the weed types. The algorithms also keep track of the spread of disease and infestations at the time they originate. These solutions are phasing out time-consuming and expensive crop monitoring practices. 

Machine Vision Market Share Analysis

Based on type, the hardware segment will dominate the machine vision market share as objects such as cameras, frame grabbers, and sensors are getting deployed extensively in machine vision technologies for use in several industry verticals.

Based on application, the food industry will be the most lucrative as F&B companies are developing application-specific technologies for quality checking, processing, sorting, and grading. 

APAC is expected to be the fastest-growing market.APAC is expected to be the fastest-growing market.

• Cognex
• Basler
• Omron
• National Instruments
• Keyence
• Sony
• Teledyne Technologies
• Texas Instruments
• Allied Vision Technologies
• Intel
• Baumer Optronic

Machine Vision Market by Type

• Hardware (Camera, Frame Grabber, Optics, Processor)
• Software (Deep Learning and Application Specific)

Machine Vision Market by Application

• Semiconductor Industry
• Food Industry
• Logistics
• Agricultural
• Other

Machine Vision Market by Region

• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Indonesia
• Singapore
• Malaysia
• Philippines
• Thailand
• Vietnam
• Rest of Asia-Pacific
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Rest of Europe
• Central & South America
• Brazil
• Rest of Central & South America
• Middle East & Africa
• GCC Countries
• Turkey
• Egypt
• South Africa
• Rest of the Middle East & Africa

Machine Vision Market Scope

1. What is the projected growth of the Machine Vision Market?

Ans. The Machine Vision Market is expected to grow significantly, driven by advancements in AI and automation across various industries, including manufacturing and healthcare.

2. What key industries are driving demand in the Machine Vision Market?

Ans. Major contributors include manufacturing, automotive, healthcare, and retail, leveraging machine vision for quality inspection, automation, and data analysis.

3. Can I get a customized version of the Machine Vision Market report?

Ans. Yes, tailored reports to meet specific business requirements are available. Please contact the sales team for details.