Summary
The machine vision market is estimated to be valued at USD 11.0 billion in 2021 and reach USD 15.5 billion by 2026, at a CAGR of 7.0%. The major driving factors in the machine vision market is the increasing need for quality inspection and automation, growing demand for vision-guided robotic systems, increasing adoption of vision-guided robotic systems, and many more. The rising security concerns related to industrial machine robots and devices are expected to restraint market growth. Major challenge for the said market is lack of user awareness about rapidly changing machine vision technology
“Position & guidance to grow at the fastest rate in the machine vision market during the forecast period.”
Position & guidance application boosts manufacturers to build multiple products on the same production line and reduces the need for expensive hard tooling to maintain part position during inspection. Also, this application helps to improve the efficiency of production processes by instantaneously detecting the positional relationship between the target and machine tool or table and helps to control the system carefully.
Consumer Electronics is expected to grow with the second-largest CAGR during the forecast period between 2021-2026
There is an increasing demand for machine vision systems in consumer electronics such as smartphones, desktops, and laptops is driving the growth of the machine vision market. Food & beverages is projected to grow at the highest CAGR during the forecast period as machine vision technology plays a vital role in applications like inspection, defect detection, quality inspection Apart from this, increasing demand of packed and instant food has led to the growing demand of machine vision system in Food & beverages sector.
“APAC held the largest market share in the machine vision market between 2021 and 2026.”
Countries such China, Japan, and South Korea are expected to be the major contributors to the market in APAC. The machine vision market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region. However, during the COVID-19 outbreak, the shutdowns and decline in demand have affected the growth of machine vision market in APAC.
The break-up of primary participants for the report has been shown below:
By Company Type: Tier 1 = 55%, Tier 2 = 20%, and Tier 3 = 25%
By Designation: C-Level Executives =75% and Manager = 25%
By Region: North America = 10%, Europe = 20%, APAC = 40%, and RoW = 30%
Machine vision market was dominated by Cognex Corporation (US), Keyence (Japan), Teledyne DALSA (US), TKH Group (Germany),and Basler (Germany).
Research Coverage:
This research report categorizes the machine vision market by component, deployment, product, application, end-user industry, and geography. The report describes the major drivers, restraints, challenges, and opportunities, value chain, trade analysis, technology trends, industry trends, use cases pertaining to the machine vision market, and forecasts the same till 2026.
Key Benefits of Buying the Report
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the machine vision market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes product launches and developments, collaborations, and acquisitions.
4. This report would help understand the pre and post-COVID-19 scenarios as to how would the penetration of machine vision will look like for the forecast period. The region segment includes the country-wise impact analysis of COVID-19 and initiatives taken to overcome these impacts.
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Table of Contents
1 INTRODUCTION 26
1.1 STUDY OBJECTIVES 26
1.2 MARKET DEFINITION 26
1.2.1 INCLUSIONS AND EXCLUSIONS 27
1.3 STUDY SCOPE 28
1.3.1 MARKETS COVERED 28
FIGURE 1 MARKET SEGMENTATION 28
1.3.2 GEOGRAPHIC SCOPE 29
1.3.3 YEARS CONSIDERED 29
1.4 CURRENCY 30
1.5 LIMITATIONS 30
1.6 STAKEHOLDERS 30
1.7 SUMMARY OF CHANGES 31
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 2 MACHINE VISION MARKET: RESEARCH DESIGN 33
2.1.1 SECONDARY DATA 34
2.1.1.1 Major secondary sources 34
2.1.1.2 Key data from secondary sources 35
2.1.2 PRIMARY DATA 35
2.1.2.1 Primary interviews with experts 36
2.1.2.2 Key data from primary sources 36
2.1.2.3 Key industry insights 37
2.1.2.4 Breakdown of primaries 37
2.1.3 SECONDARY AND PRIMARY RESEARCH 38
2.2 MARKET SIZE ESTIMATION 38
FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION 39
2.2.1 BOTTOM-UP APPROACH 39
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE FROM SALES OF MACHINE VISION PRODUCTS AND SOLUTIONS 39
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 40
2.2.1.1 Approach for capturing market share by bottom-up analysis
(demand side) 40
2.2.2 TOP-DOWN APPROACH 40
FIGURE 1 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 40
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 41
FIGURE 2 DATA TRIANGULATION 41
2.4 RESEARCH ASSUMPTIONS 42
2.5 RISK ASSESSMENT 43
TABLE 1 RISK FACTOR ANALYSIS 43
2.6 FORECASTING ASSUMPTIONS 43
2.7 COMPETITIVE LEADERSHIP MAPPING METHODOLOGY 44
TABLE 2 EVALUATION CRITERIA 44
2.7.1 VENDOR INCLUSION CRITERIA 45
2.8 STUDY LIMITATIONS 45
3 EXECUTIVE SUMMARY 46
FIGURE 3 CAMERAS EXPECTED TO DOMINATE MACHINE VISION MARKET DURING FORECAST PERIOD 47
FIGURE 4 QUALITY ASSURANCE AND INSPECTION APPLICATION EXPECTED TO HOLD LARGEST MARKET SHARE IN 2026 47
FIGURE 5 FOOD & PACKAGING INDUSTRY TO REGISTER HIGHEST CAGR IN MACHINE VISION MARKET FROM 2021 TO 2026 48
FIGURE 6 APAC ACCOUNTED FOR LARGEST SHARE OF MACHINE VISION MARKET IN 2020 49
FIGURE 7 GENERAL MACHINE VISION SYSTEMS TO ACCOUNT FOR LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD 50
3.1 COVID-19 IMPACT ON MACHINE VISION MARKET 51
FIGURE 8 MACHINE VISION MARKET, PRE-COVID-19 VS POST-COVID-19 IMPACT 51
3.2 PRE-COVID-19 SCENARIO 51
3.3 POST-COVID-19 52
4 PREMIUM INSIGHTS 53
4.1 MACHINE VISION MARKET, 2021–2026 (USD BILLION) 53
FIGURE 9 GROWING DEMAND OF AI MACHINE VISION DRIVING MACHINE VISION MARKET GROWTH 53
4.2 MACHINE VISION MARKET, BY PRODUCT 54
FIGURE 10 SMART CAMERA BASED MACHINE VISION SYSTEMS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 54
4.3 MACHINE VISION MARKET, BY APPLICATION 54
FIGURE 11 MARKET FOR PREDICTIVE MAINTENANCE PROJECTED TO SHOW HIGHEST CAGR DURING FORECAST PERIOD 54
4.4 MACHINE VISION MARKET IN APAC, BY END-USER INDUSTRY & COUNTRY, 2020 55
FIGURE 12 CHINA ACCOUNTED FOR LARGEST SHARE OF APAC MACHINE VISION MARKET IN 2020 55
4.5 MACHINE VISION MARKET, BY REGION 56
FIGURE 13 APAC ESTIMATD TO HELD LARGEST SHARE OF MACHINE VISION MARKET
IN 2021 56
5 MARKET OVERVIEW 57
5.1 INTRODUCTION 57
5.2 MARKET DYNAMICS 57
FIGURE 14 INCREASING MANUFACTURING OF HYBRID AND ELECTRIC CARS TO DRIVE GROWTH OF MACHINE VISION MARKET 58
5.2.1 DRIVERS 59
FIGURE 15 MACHINE VISION MARKET: DRIVERS AND THEIR IMPACT 59
5.2.1.1 Growing need for quality inspection and automation 59
5.2.1.2 Growing demand for vision-guided robotic systems 60
FIGURE 16 GROWTH OF INDUSTRIAL ROBOTICS, IN TERMS OF GLOBAL OPERATIONAL STOCK, 2009–2019 60
5.2.1.3 Rising need for ASICs 61
5.2.2 RESTRAINTS 62
FIGURE 17 MACHINE VISION MARKET RESTRAINTS AND THEIR IMPACT 62
5.2.2.1 Surging risk of cyber-attacks on industrial machine robots and devices 62
5.2.2.2 Lack of flexible machine vision solutions 63
5.2.2.3 Lack of skilled professionals in manufacturing factories 63
FIGURE 18 UNDERQUALIFIED WORKERS IN VARIOUS COUNTRIES IN 2019 64
5.2.3 OPPORTUNITIES 65
FIGURE 19 MACHINE VISION MARKET OPPORTUNITIES AND THEIR IMPACT 65
5.2.3.1 Increasing manufacturing of hybrid and electric cars 66
FIGURE 20 ESTIMATED SALES OF HYBRID AND ELECTRIC VEHICLES BETWEEN YEAR 2020 & 2040 66
FIGURE 21 SIZE OF GLOBAL MARKET FOR ELECTRIC VEHICLES, 2019–2027 67
5.2.3.2 Remarkable surge in demand for machine vision from food industry post COVID-19 outbreak 67
5.2.3.3 Government initiatives to support industrial automation 68
5.2.3.4 Increasing demand for artificial intelligence (AI) in machine vision 68
5.2.3.5 Government initiatives to boost AI-related technologies 69
5.2.3.6 Growing adoption of Industry 4.0 principles 69
5.2.3.7 Need for miniaturization of cameras and processors 70
5.2.3.8 Increasing wages leading to adoption of vision-guided industrial robots and other automation technologies, especially in China 70
FIGURE 22 AVERAGE YEARLY WAGES IN MANUFACTURING SECTOR IN CHINA 70
5.2.4 CHALLENGES 71
FIGURE 23 MACHINE VISION MARKET CHALLENGES AND THEIR IMPACT 71
5.2.4.1 Complexities associated with integration of machine vision systems 71
5.2.4.2 Lack of user awareness about rapidly changing machine vision technology 72
5.3 VALUE CHAIN ANALYSIS 72
5.3.1 VALUE CHAIN ANALYSIS: MACHINE VISION 73
5.4 REVENUE SHIFT AND NEW REVENUE POCKETS FOR MACHINE VISION MARKET 74
FIGURE 24 REVENUE SHIFT IN MACHINE VISION MARKET 74
5.5 ECOSYSTEM 74
5.5.1 MACHINE VISION MARKET ECOSYSTEM 75
5.5.2 ROLE OF COMPANIES IN ECOSYSTEM/VALUE CHAIN 75
5.6 PORTER’S FIVE FORCES ANALYSIS 76
TABLE 3 MACHINE VISION MARKET: PORTER’S FIVE FORCES ANALYSIS (2020) 76
FIGURE 25 PORTER’S FIVE FORCES ANALYSIS: MACHINE VISION MARKET 77
5.6.1 COMPETITIVE RIVALRY 77
5.6.2 THREAT OF NEW ENTRANTS 78
5.6.3 BARGAINING POWER OF SUPPLIERS 78
5.6.4 BARGAINING POWER OF BUYERS 79
5.6.5 THREAT OF SUBSTITUTES 79
5.7 USE CASES 80
5.7.1 COGNEX’S VIDI MACHINE VISION SYSTEM HELPED IN ENHANCING PART IDENTIFICATION ACCURACY 80
5.7.2 VARTA USES VISIONPRO 3D TO ACHIEVE PRODUCTION SPEED AND PRODUCT QUALITY 80
5.7.3 BDTI OFFERED HYBRID SOLUTION TO RESOLVE CLIENT’S PROBLEM 81
5.7.4 NOVIO PACKAGING REACHED NEW LEVELS OF QUALITY WITH OMRON MACHINE VISION SYSTEM 81
5.7.5 RETAIL: CUSTOMER BEHAVIOR TRACKING 81
5.8 TECHNOLOGY ANALYSIS 82
5.8.1 CARTESIAN ROBOTS/INDUSTRIAL ROBOTICS 82
5.8.2 INDUSTRIAL INTERNET OF THINGS AND AI 82
5.8.3 LIQUID LENSES 83
5.8.4 ROBOTIC VISION 83
5.8.5 5G 83
5.9 INDUSTRY TRENDS 84
5.10 TARIFFS AND REGULATIONS 84
5.10.1 NEGATIVE IMPACT OF TARIFFS ON MACHINE VISION 84
5.10.2 POSITIVE IMPACT OF TARIFFS ON MACHINE VISION 84
5.10.3 REGULATIONS 85
5.10.3.1 CAMERA 85
5.10.3.1.1 EMVA 1288 85
5.10.3.1.2 ASTM E57 85
5.10.3.2 LENS 85
5.11 PRICING ANALYSIS 86
TABLE 4 PRICING ANALYSIS FOR MACHINE VISION CAMERAS AND MODULES 86
FIGURE 26 AVERAGE SELLING PRICE ANALYSIS OF MACHINE VISION CAMERAS 87
TABLE 5 SUBSCRIPTION-BASED MACHINE VISION PRICING 87
5.12 PATENTS ANALYSIS 88
TABLE 6 IMPORTANT PATENTS RELATED TO MACHINE VISION 88
5.13 TRADE ANALYSIS 92
TABLE 7 EXPORTS DATA, BY COUNTRY, 2016–2020 (THOUSAND UNITS) 92
FIGURE 27 EXPORTS DATA FOR HS CODE 852580 FOR TOP FIVE COUNTRIES IN MACHINE VISION MARKET, 2016–2020 (THOUSAND UNITS) 92
TABLE 8 IMPORTS DATA, BY COUNTRY, 2016–2020 (THOUSAND UNITS) 93
FIGURE 28 IMPORTS DATA FOR HS CODE 852580 FOR TOP FIVE COUNTRIES IN MACHINE VISION MARKET, 2016–2020 (THOUSAND UNITS) 93
6 MACHINE VISION MARKET, BY COMPONENT 94
6.1 INTRODUCTION 95
FIGURE 29 MACHINE VISION MARKET FOR SOFTWARE COMPONENTS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 95
TABLE 9 MACHINE VISION MARKET, BY COMPONENT, 2018–2020 (USD MILLION) 96
TABLE 10 MACHINE VISION MARKET, BY COMPONENT, 2021–2026 (USD MILLION) 96
6.2 HARDWARE 96
TABLE 11 MACHINE VISION MARKET, BY HARDWARE, 2018–2020 (USD MILLION) 96
TABLE 12 MACHINE VISION MARKET, BY HARDWARE, 2021–2026 (USD MILLION) 97
TABLE 13 MACHINE VISION HARDWARE MARKET FOR CAMERAS, IN TERMS OF VALUE AND VOLUME, 2018–2020 97
TABLE 14 MACHINE VISION HARDWARE MARKET FOR CAMERAS, IN TERMS OF VALUE AND VOLUME, 2021–2026 97
6.2.1 CAMERAS 98
6.2.1.1 Cameras are principal components of machine vision systems 98
TABLE 15 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY PRODUCT,
2018–2026 (USD MILLION) 98
TABLE 16 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY PRODUCT,
2021–2026 (USD MILLION) 98
6.2.1.2 Interface standard 98
6.2.1.2.1 USB 2.0 98
6.2.1.2.2 USB 3.0 99
6.2.1.2.3 Camera link 99
6.2.1.2.4 Camera Link HS 99
6.2.1.2.5 GigE 99
6.2.1.2.6 10 GigE & 25 GigE bandwidth over GigE Vision standard 100
6.2.1.2.7 Others (CoaXPress, EMVA-1288, GenICam) 100
TABLE 17 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY INTERFACE STANDARD, 2018–2026 (USD MILLION) 100
TABLE 18 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY INTERFACE STANDARD, 2021–2026 (USD MILLION) 101
6.2.1.3 Imaging spectrum 101
6.2.1.3.1 Visible light 101
6.2.1.3.2 Visible + IR/IR 101
TABLE 19 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY IMAGING SPECTRUM, 2018–2020 (USD MILLION) 102
TABLE 20 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY IMAGING SPECTRUM, 2021–2026 (USD MILLION) 102
6.2.1.4 By frame rate 103
6.2.1.4.1 Less than 25 (frame per second) fps 103
6.2.1.4.2 25–125 frame per second (fps) 103
6.2.1.4.3 More than 125 fps 103
TABLE 21 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY FRAME RATE, 2018–2020 (USD MILLION) 103
TABLE 22 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY FRAME RATE, 2021–2026 (USD MILLION) 103
6.2.1.5 By format 104
6.2.1.5.1 Line scan 104
6.2.1.5.2 Area scan 104
TABLE 23 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY FORMAT,
2018–2020 (USD MILLION) 104
TABLE 24 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY FORMAT,
2021–2026 (USD MILLION) 104
6.2.1.6 By sensor 105
6.2.1.6.1 CMOS 105
6.2.1.7 CCD 105
TABLE 25 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY SENSOR,
2018–2020 (USD MILLION) 105
TABLE 26 MACHINE VISION HARDWARE MARKET FOR CAMERAS, BY SENSOR,
2021–2026 (USD MILLION) 105
6.2.2 FRAME GRABBERS 106
6.2.2.1 Frame grabbers are deployed in machine vision systems to capture video frames digitally 106
6.2.3 OPTICS 106
6.2.3.1 Camera lenses capture images on photographic films or other media to store images chemically or electronically 106
6.2.4 LED LIGHTING 106
6.2.4.1 LED lighting conditions determine quality of images captured by machine vision cameras 106
6.2.5 PROCESSORS 107
6.2.5.1 FPGA uses arrays of programmable logic blocks to design desired logic 107
6.2.5.2 DSP 107
6.2.5.2.1 DSP has specially designed architecture to fetch multiple data and instructions simultaneously 107
6.2.5.3 Microcontroller and microprocessor 107
6.2.5.3.1 Microcontrollers and microprocessors are designed for real-time applications 107
6.2.5.4 Vision Processing Unit (VPU) 108
6.2.5.4.1 VPU fulfills growing need for faster processing and compact sizing for data generation in vision-related applications 108
TABLE 27 MACHINE VISION HARDWARE MARKET, BY PROCESSOR,
2018–2020 (USD MILLION) 108
TABLE 28 MACHINE VISION HARDWARE MARKET, BY PROCESSOR,
2021–2026 (USD MILLION) 108
6.3 SOFTWARE 108
TABLE 29 MACHINE VISION MARKET, BY SOFTWARE, 2018–2020 (USD MILLION) 109
TABLE 30 MACHINE VISION MARKET, BY SOFTWARE, 2021–2026 (USD MILLION) 109
6.3.1 TRADITIONAL SOFTWARE 109
6.3.1.1 Traditional software provide framework to develop and deploy machine vision applications 109
6.3.2 DEEP LEARNING SOFTWARE 110
6.3.2.1 Deep learning frameworks offer great flexibility to design and train customized deep neural networks 110
6.3.2.2 Convolutional neural networks (CNN) 110
6.3.2.3 Recurrent neural network (RNN) 111
7 MACHINE VISION MARKET, BY DEPLOYMENT 112
7.1 INTRODUCTION 113
FIGURE 30 GENERAL MACHINE VISION SYSTEMS TO HOLD MAJOR MARKET SHARE DURING FORECAST PERIOD 113
TABLE 31 MACHINE VISION MARKET, BY DEPLOYMENT, 2018–2020 (USD MILLION) 113
TABLE 32 MACHINE VISION MARKET, BY DEPLOYMENT, 2021–2026 (USD MILLION) 113
7.2 GENERAL 114
7.2.1 GENERAL MACHINE VISION SYSTEMS TAKE ACCURATE PICTURES TO INSPECT MATERIALS AS THEY COME DOWN ASSEMBLY LINE 114
7.3 ROBOTICS CELL 114
7.3.1 ROBOTICS CELLS ARE ADOPTED IN MANUFACTURING PLANTS AND INTEGRATED WITH LOW-COST SMART CAMERAS AND PATTERN-MATCHING SOFTWARE 114
TABLE 33 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY DEPLOYMENT, 2018–2020 (USD MILLION) 115
TABLE 34 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY DEPLOYMENT, 2021–2026 (USD MILLION) 115
TABLE 35 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY,
BY DEPLOYMENT, 2018–2020 (USD MILLION) 115
TABLE 36 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY,
BY DEPLOYMENT, 2021–2026 (USD MILLION) 115
TABLE 37 MACHINE VISION MARKET FOR ELECTRONICS & SEMICONDUCTOR INDUSTRY, BY DEPLOYMENT, 2018–2020 (USD MILLION) 116
TABLE 38 MACHINE VISION MARKET FOR ELECTRONICS & SEMICONDUCTOR INDUSTRY, BY DEPLOYMENT, 2021–2026 (USD MILLION) 116
TABLE 39 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY DEPLOYMENT, 2018–2020 (USD MILLION) 116
TABLE 40 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY DEPLOYMENT, 2021–2026 (USD MILLION) 116
TABLE 41 MACHINE VISION MARKET FOR METALS INDUSTRY, BY DEPLOYMENT,
2018–2020 (USD MILLION) 117
TABLE 42 MACHINE VISION MARKET FOR METALS INDUSTRY, BY DEPLOYMENT,
2021–2026 (USD MILLION) 117
TABLE 43 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY DEPLOYMENT, 2018–2020 (USD MILLION) 117
TABLE 44 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY DEPLOYMENT, 2021–2026 (USD MILLION) 118
TABLE 45 MACHINE VISION MARKET FOOD & PACKAGING INDUSTRY, BY DEPLOYMENT, 2018–2020 (USD MILLION) 118
TABLE 46 MACHINE VISION MARKET FOOD & PACKAGING INDUSTRY, BY DEPLOYMENT, 2021–2026 (USD MILLION) 118
TABLE 47 MACHINE VISION MARKET FOR RUBBER & PLASTICS INDUSTRY,
BY DEPLOYMENT, 2018–2020 (USD MILLION) 118
TABLE 48 MACHINE VISION MARKET FOR RUBBER & PLASTICS INDUSTRY,
BY DEPLOYMENT, 2021–2026 (USD MILLION) 119
TABLE 49 MACHINE VISION MARKET FOR PHARMACEUTICALS INDUSTRY,
BY DEPLOYMENT, 2021–2026 (USD MILLION) 119
TABLE 50 MACHINE VISION MARKET FOR PHARMACEUTICALS INDUSTRY,
BY DEPLOYMENT, 2021–2026 (USD MILLION) 119
TABLE 51 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY DEPLOYMENT,
2018–2020 (USD MILLION) 120
TABLE 52 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY DEPLOYMENT,
2021–2026 (USD MILLION) 120
TABLE 53 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY DEPLOYMENT, 2018–2020 (USD MILLION) 120
TABLE 54 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY DEPLOYMENT, 2021–2026 (USD MILLION) 120
TABLE 55 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY DEPLOYMENT, 2018–2020 (USD MILLION) 121
TABLE 56 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY DEPLOYMENT, 2021–2026 (USD MILLION) 121
TABLE 57 MACHINE VISION MARKET FOR TEXTILES INDUSTRY, BY DEPLOYMENT,
2018–2020 (USD MILLION) 121
TABLE 58 MACHINE VISION MARKET FOR TEXTILES INDUSTRY, BY DEPLOYMENT,
2021–2026 (USD MILLION) 121
8 MACHINE VISION MARKET, BY PRODUCT 122
8.1 INTRODUCTION 123
FIGURE 31 SMART CAMERA BASED MACHINE VISION SYSTEMS TO WITNESS HIGHER CAGR FROM 2021 TO 2026 123
TABLE 59 MACHINE VISION MARKET, BY PRODUCT, 2018–2020 (USD MILLION) 123
TABLE 60 MACHINE VISION MARKET, BY PRODUCT, 2021–2026 (USD MILLION) 124
8.2 PC-BASED MACHINE VISION SYSTEM 124
8.2.1 PC-BASED MACHINE VISION SYSTEMS CAN DETECT UNEXPECTED VARIATIONS IN CERTAIN TASKS 124
TABLE 61 PC BASED MACHINE VISION SYSTEM MARKET, BY REGION,
2018–2020 (USD MILLION) 125
TABLE 62 PC-BASED MACHINE VISION SYSTEM MARKET, BY REGION,
2021–2026 (USD MILLION) 125
TABLE 63 PC-BASED MACHINE VISION SYSTEM MARKET, BY APPLICATION,
2018–2020 (USD MILLION) 125
TABLE 64 PC-BASED MACHINE VISION SYSTEM MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 126
TABLE 65 PC-BASED MACHINE VISION SYSTEM MARKET, BY END-USER INDUSTRY, 2018–2020 (USD MILLION) 126
TABLE 66 PC-BASED MACHINE VISION SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION) 127
TABLE 67 PC-BASED MACHINE VISION SYSTEM MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 127
TABLE 68 PC-BASED MACHINE VISION SYSTEM MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 128
TABLE 69 PC-BASED MACHINE VISION SYSTEM MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 128
TABLE 70 PC-BASED MACHINE VISION SYSTEM MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 128
TABLE 71 PC-BASED MACHINE VISION SYSTEM MARKET FOR ELECTRONICS & SEMICONDUCTORS INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 129
TABLE 72 PC-BASED MACHINE VISION SYSTEM MARKET FOR ELECTRONICS & SEMICONDUCTORS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 129
TABLE 73 PC-BASED MACHINE VISION SYSTEM MARKET FOR PRINTING INDUSTRY,
BY REGION, 2018–2020 (USD MILLION) 129
TABLE 74 PC-BASED MACHINE VISION SYSTEM MARKET FOR PRINTING INDUSTRY,
BY REGION, 2021–2026 (USD MILLION) 130
TABLE 75 PC-BASED MACHINE VISION SYSTEM MARKET FOR METALS INDUSTRY,
BY REGION, 2018–2020 (USD MILLION) 130
TABLE 76 PC-BASED MACHINE VISION SYSTEM MARKET FOR METALS INDUSTRY,
BY REGION, 2021–2026 130
TABLE 77 PC-BASED MACHINE VISION SYSTEM MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 131
TABLE 78 PC-BASED MACHINE VISION SYSTEM MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 131
TABLE 79 PC-BASED MACHINE VISION SYSTEM MARKET FOR FOOD & PACKAGING INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 131
TABLE 80 PC-BASED MACHINE VISION SYSTEM MARKET FOR FOOD & PACKAGING INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 132
TABLE 81 PC-BASED MACHINE VISION SYSTEM MARKET FOR RUBBER & PLASTICS INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 132
TABLE 82 PC-BASED MACHINE VISION SYSTEM MARKET FOR RUBBER & PLASTICS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 132
TABLE 83 PC-BASED MACHINE VISION SYSTEM MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 133
TABLE 84 PC-BASED MACHINE VISION SYSTEM MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 133
TABLE 85 PC-BASED MACHINE VISION SYSTEM MARKET FOR GLASS INDUSTRY,
BY REGION, 2018–2020 (USD MILLION) 133
TABLE 86 PC-BASED MACHINE VISION SYSTEM MARKET FOR GLASS INDUSTRY,
BY REGION, 2021–2026 (USD MILLION) 134
TABLE 87 PC-BASED MACHINE VISION SYSTEM MARKET FOR MACHINERY INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 134
TABLE 88 PC-BASED MACHINE VISION SYSTEM MARKET FOR MACHINERY INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 134
TABLE 89 PC-BASED MACHINE VISION SYSTEM MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 135
TABLE 90 PC-BASED MACHINE VISION SYSTEM MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 135
TABLE 91 PC-BASED MACHINE VISION SYSTEM MARKET FOR TEXTILES INDUSTRY,
BY REGION, 2018–2020 (USD MILLION) 135
TABLE 92 PC-BASED MACHINE VISION SYSTEM MARKET FOR TEXTILES INDUSTRY,
BY REGION, 2021–2026 (USD MILLION) 136
8.3 SMART CAMERA-BASED MACHINE VISION SYSTEM 136
8.3.1 SMART CAMERA-BASED VISION SYSTEMS CONSIST OF EMBEDDED CONTROLLERS WITH INTEGRATED VISION SOFTWARE 136
TABLE 93 SMART CAMERA-BASED MACHINE VISION SYSTEM MARKET, BY REGION, 2018–2020 (USD MILLION) 137
TABLE 94 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET, BY REGION, 2021–2026 (USD MILLION) 137
TABLE 95 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET,
BY APPLICATION, 2018–2020 (USD MILLION) 137
TABLE 96 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET,
BY APPLICATION, 2021–2026 (USD MILLION) 138
TABLE 97 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET, BY END-USER INDUSTRY, 2018–2020 (USD MILLION) 138
TABLE 98 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION) 139
TABLE 99 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 139
TABLE 100 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 140
TABLE 101 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 140
TABLE 102 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR CONSUMER ELECTRONICS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 140
TABLE 103 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR ELECTRONICS & SEMICONDUCTOR INDUSTRY, BY REGION,
2018–2020 (USD MILLION) 141
TABLE 104 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR ELECTRONICS & SEMICONDUCTOR INDUSTRY, BY REGION,
2021–2026 (USD MILLION) 141
TABLE 105 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR PRINTING INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 142
TABLE 106 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR PRINTING INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 142
TABLE 107 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR METALS INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 142
TABLE 108 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR METALS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 143
TABLE 109 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 143
TABLE 110 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 143
TABLE 111 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR FOOD & PACKAGING INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 144
TABLE 112 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR FOOD & PACKAGING INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 144
TABLE 113 CAMERA BASED MACHINE VISION SYSTEM MARKET FOR RUBBER & PLASTICS INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 144
TABLE 114 CAMERA BASED MACHINE VISION SYSTEM MARKET FOR RUBBER & PLASTICS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 145
TABLE 115 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 145
TABLE 116 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 145
TABLE 117 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR GLASS INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 146
TABLE 118 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR GLASS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 146
TABLE 119 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR MACHINERY INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 146
TABLE 120 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR MACHINERY INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 147
TABLE 121 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 147
TABLE 122 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 147
TABLE 123 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR TEXTILES INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 148
TABLE 124 SMART CAMERA BASED MACHINE VISION SYSTEM MARKET FOR TEXTILES INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 148
9 INDUSTRIAL MACHINE VISION MARKET, BY APPLICATION 149
9.1 INTRODUCTION 150
FIGURE 32 PREDICTIVE MAINTENANCE APPLICATION EXPECTED TO REGISTER HIGHEST CAGR IN MACHINE VISION MARKET BETWEEN 2021 AND 2026 150
TABLE 125 MACHINE VISION MARKET, BY APPLICATION, 2018–2020 (USD MILLION) 150
TABLE 126 MACHINE VISION MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 151
9.2 QUALITY ASSURANCE & INSPECTION 151
9.2.1 MACHINE VISION SYSTEMS ARE GO-TO APPLICATIONS FOR ACCURATE
AND FAST INSPECTIONS 151
TABLE 127 MACHINE VISION MARKET FOR QUALITY ASSURANCE & INSPECTION APPLICATION, BY PRODUCT, 2018–2020 (USD MILLION) 152
TABLE 128 MACHINE VISION MARKET FOR QUALITY ASSURANCE & INSPECTION APPLICATION, BY PRODUCT, 2021–2026 (USD MILLION) 152
9.3 POSITIONING & GUIDANCE 152
9.3.1 POSITIONING TOOLS, CO-ORDINATE LOCATORS, AND PATTERN IDENTIFIERS DESIGNED TO INCREASE PRODUCTIVITY 152
TABLE 129 MACHINE VISION MARKET FOR POSITIONING & GUIDANCE APPLICATION,
BY PRODUCT, 2018–2020 (USD MILLION) 153
TABLE 130 MACHINE VISION MARKET FOR POSITIONING AND GUIDANCE APPLICATION, BY PRODUCT, 2021–2026 (USD MILLION) 153
9.4 MEASUREMENT 153
9.4.1 MACHINE VISION MEASUREMENT TOOLS, COMBINED WITH RIGHT OPTICS AND STABLE LIGHTING, PROVIDE PRECISION REPEATABILITY TO ENSURE MANUFACTURING ACCURACY 153
TABLE 131 MACHINE VISION MARKET FOR MEASUREMENT APPLICATION, BY PRODUCT, 2018–2020 (USD MILLION) 154
TABLE 132 MACHINE VISION MARKET FOR MEASUREMENT APPLICATION, BY PRODUCT, 2021–2026 (USD MILLION) 154
9.5 IDENTIFICATION 154
9.5.1 VISION SYSTEMS READ VARIOUS CODES & ALPHANUMERIC CHARACTERS PRINTED ON PARTS FOR THEIR IDENTIFICATION 154
TABLE 133 MACHINE VISION MARKET FOR IDENTIFICATION APPLICATION, BY PRODUCT, 2018–2020 (USD MILLION) 155
TABLE 134 MACHINE VISION MARKET FOR IDENTIFICATION APPLICATION, BY PRODUCT, 2021–2026 (USD MILLION) 155
9.6 PREDICTIVE MAINTENANCE 156
9.6.1 PREDICTIVE MAINTENANCE CAN BE USEFUL DURING MACHINE DOWNTIME 156
TABLE 135 MACHINE VISION MARKET FOR PREDICTIVE MAINTENANCE APPLICATION,
BY PRODUCT, 2018–2020 (USD MILLION) 156
TABLE 136 MACHINE VISION MARKET FOR PREDICTIVE MAINTENANCE APPLICATION,
BY PRODUCT, 2021–2026 (USD MILLION) 156
10 MACHINE VISION MARKET, BY END-USER INDUSTRY 157
10.1 INTRODUCTION 158
FIGURE 33 AUTOMOTIVE END-USER INDUSTRY TO HOLD LARGEST SHARE OF MACHINE VISION MARKET IN 2021 158
TABLE 137 MACHINE VISION MARKET, BY END-USER INDUSTRY,
2018–2020 (USD MILLION) 159
TABLE 138 MACHINE VISION MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION) 159
10.2 AUTOMOTIVE 160
10.2.1 MACHINE VISION SYSTEMS OFFER HIGH ACCURACY IN BIN PICKING AND POSITIONING OF PARTS FOR ASSEMBLY IN AUTOMOTIVE INDUSTRY 160
TABLE 139 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION,
2018–2020 (USD MILLION) 161
TABLE 140 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION,
2021–2026 (USD MILLION) 161
TABLE 141 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY PRODUCT, 2018–2020 (USD MILLION) 161
TABLE 142 MACHINE VISION MARKET FOR AUTOMOTIVE INDUSTRY, BY PRODUCT, 2021–2026 (USD MILLION) 162
10.3 ELECTRONICS & SEMICONDUCTOR 162
10.3.1 MACHINE VISION SYSTEMS IMPROVE PRODUCT QUALITY AND INCREASE PRODUCTION VOLUME IN ELECTRONICS & SEMICONDUCTOR INDUSTRY 162
TABLE 143 MACHINE VISION MARKET FOR ELECTRONICS & SEMICONDUCTOR INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 163
TABLE 144 MACHINE VISION MARKET FOR ELECTRONICS & SEMICONDUCTOR INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 163
TABLE 145 MACHINE VISION MARKET FOR ELECTRONICS & SEMICONDUCTOR INDUSTRY, BY PRODUCT, 2018–2020 (USD MILLION) 163
TABLE 146 MACHINE VISION MARKET FOR ELECTRONICS & SEMICONDUCTOR INDUSTRY, BY PRODUCT, 2021–2026 (USD MILLION) 164
10.4 CONSUMER ELECTRONICS 164
10.4.1 2D AND 3D MACHINE VISION SYSTEMS ARE POWERFUL TECHNOLOGIES
FOR ELECTRONICS ASSEMBLY APPLICATIONS 164
TABLE 147 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY,
BY REGION, 2018–2020 (USD MILLION) 165
TABLE 148 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY,
BY REGION, 2021–2026 (USD MILLION) 165
TABLE 149 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY,
BY PRODUCT, 2018–2020 (USD MILLION) 165
TABLE 150 MACHINE VISION MARKET FOR CONSUMER ELECTRONICS INDUSTRY,
BY PRODUCT, 2021–2026 (USD MILLION) 166
10.5 GLASS 166
10.5.1 MODERN MACHINE VISION TECHNOLOGY IMPROVES OPERATIONAL EFFICIENCY, TRACES DEFECTS, REDUCES WASTE, AND PROVIDES DETAILED STATISTICAL INFORMATION 166
TABLE 151 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY REGION,
2018–2020 (USD MILLION) 167
TABLE 152 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY REGION,
2021–2026 (USD MILLION) 167
TABLE 153 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY PRODUCT,
2018–2020 (USD MILLION) 168
TABLE 154 MACHINE VISION MARKET FOR GLASS INDUSTRY, BY PRODUCT,
2021–2026 (USD MILLION) 168
10.6 METALS 168
10.6.1 MACHINE VISION SYSTEMS ENHANCE PRODUCT QUALITY BY 3D INSPECTION AND ARE EASY TO INTEGRATE WITH EXISTING MANUFACTURING SYSTEMS IN METALS INDUSTRY 168
TABLE 155 MACHINE VISION MARKET FOR METALS INDUSTRY, BY REGION,
2018–2020 (USD MILLION) 168
TABLE 156 MACHINE VISION MARKET FOR METALS INDUSTRY, BY REGION,
2021–2026 (USD MILLION) 169
TABLE 157 MACHINE VISION MARKET FOR METALS INDUSTRY, BY PRODUCT,
2018–2020 (USD MILLION) 169
TABLE 158 MACHINE VISION MARKET FOR METALS INDUSTRY, BY PRODUCT,
2021–2026 (USD MILLION) 169
10.7 WOOD AND PAPER 170
10.7.1 MACHINE VISION TECHNOLOGY IS USED TO SCAN BOARDS FOR KNOTS AND OTHER VISUAL DEFECTS FOR DOORS OR WINDOWS IN WOOD AND PAPER INDUSTRY 170
TABLE 159 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 170
TABLE 160 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 170
TABLE 161 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY PRODUCT, 2018–2020 (USD MILLION) 171
TABLE 162 MACHINE VISION MARKET FOR WOOD & PAPER INDUSTRY, BY PRODUCT, 2021–2026 (USD MILLION) 171
10.8 PHARMACEUTICALS 171
10.8.1 MACHINE VISION SYSTEMS ARE USED TO DETECT DEFECTS AND ENSURE HIGH PRODUCT QUALITY 171
TABLE 163 MACHINE VISION MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 172
TABLE 164 MACHINE VISION MARKET FOR PHARMACEUTICALS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 172
TABLE 165 MACHINE VISION MARKET FOR PHARMACEUTICALS INDUSTRY, BY PRODUCT, 2018–2020 (USD MILLION) 173
TABLE 166 MACHINE VISION MARKET FOR PHARMACEUTICALS INDUSTRY, BY PRODUCT, 2021–2026 (USD MILLION) 173
10.9 FOOD AND PACKAGING 173
10.9.1 FOOD 173
10.9.1.1 Machine vision systems use algorithms to understand characteristics such as size, growth stage, and variety of foods 173
10.9.2 PACKAGING 174
10.9.2.1 Machine vision helps reduce errors in inspection of packaging processes 174
TABLE 167 MACHINE VISION MARKET FOR FOOD & PACKAGING INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 174
TABLE 168 MACHINE VISION MARKET FOR FOOD & PACKAGING INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 174
TABLE 169 MACHINE VISION MARKET FOR FOOD & PACKAGING INDUSTRY,
BY PRODUCT, 2018–2020 (USD MILLION) 175
TABLE 170 MACHINE VISION MARKET FOR FOOD AND PACKAGING INDUSTRY,
BY PRODUCT, 2021–2026 (USD MILLION) 175
10.10 RUBBER & PLASTICS 175
10.10.1 MACHINE VISION SYSTEMS ARE DESIGNED TO EXAMINE AND EVALUATE QUALITY OF PARTS 175
TABLE 171 MACHINE VISION MARKET FOR RUBBER & PLASTICS INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 176
TABLE 172 MACHINE VISION MARKET FOR RUBBER & PLASTICS INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 176
TABLE 173 MACHINE VISION MARKET FOR RUBBER & PLASTICS INDUSTRY,
BY PRODUCT, 2018–2020 (USD MILLION) 176
TABLE 174 MACHINE VISION MARKET FOR RUBBER & PLASTICS INDUSTRY,
BY PRODUCT, 2021–2026 (USD MILLION) 177
10.11 PRINTING 177
10.11.1 MACHINE VISION SYSTEMS ARE WIDELY USED IN LABEL PRINTERS 177
TABLE 175 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY REGION,
2018–2020 (USD MILLION) 177
TABLE 176 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY REGION,
2021–2026 (USD MILLION) 178
TABLE 177 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY PRODUCT,
2018–2020 (USD MILLION) 178
TABLE 178 MACHINE VISION MARKET FOR PRINTING INDUSTRY, BY PRODUCT,
2021–2026 (USD MILLION) 178
10.12 MACHINERY 179
10.12.1 MACHINE VISION SYSTEMS HELP IN COMPLETING PROCESSES FASTER, DETECTING DEFECTS, AND VALIDATING PRODUCT QUALITY 179
TABLE 179 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY REGION,
2018–2020 (USD MILLION) 179
TABLE 180 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY REGION,
2021–2026 (USD MILLION) 179
TABLE 181 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY PRODUCT,
2018–2020 (USD MILLION) 180
TABLE 182 MACHINE VISION MARKET FOR MACHINERY INDUSTRY, BY PRODUCT,
2021–2026 (USD MILLION) 180
10.13 SOLAR PANEL MANUFACTURING 180
10.13.1 INDUSTRIAL MACHINE VISION-BASED INSPECTION TOOLS EXAMINE QUALITY OF SOLAR PANELS 180
TABLE 183 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2018–2020 (USD MILLION) 181
TABLE 184 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY REGION, 2021–2026 (USD MILLION) 181
TABLE 185 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY PRODUCT, 2018–2020 (USD MILLION) 182
TABLE 186 MACHINE VISION MARKET FOR SOLAR PANEL MANUFACTURING INDUSTRY, BY PRODUCT, 2021–2026 (USD MILLION) 182
10.14 TEXTILES 182
10.14.1 MACHINE VISION SYSTEMS HELP MANUFACTURERS PRODUCE HIGH-QUALITY TEXTILES WHILE MINIMIZING COSTS AND MAXIMIZING PROFITS 182
TABLE 187 MACHINE VISION MARKET FOR TEXTILES INDUSTRY, BY REGION,
2018-2020 (USD MILLION) 183
TABLE 188 MACHINE VISION MARKET FOR TEXTILES INDUSTRY, BY REGION,
2021–2026 (USD MILLION) 183
TABLE 189 MACHINE VISION MARKET FOR TEXTILES INDUSTRY, BY PRODUCT,
2018-–2020 (USD MILLION) 184
TABLE 190 MACHINE VISION MARKET FOR TEXTILES INDUSTRY, BY PRODUCT,
2021–2026 (USD MILLION) 184
11 GEOGRAPHIC ANALYSIS 185
11.1 INTRODUCTION 186
FIGURE 34 GEOGRAPHIC SNAPSHOT OF MACHINE VISION MARKET (2021–2026) 187
TABLE 191 MACHINE VISION MARKET, BY REGION, 2018–2020 (USD MILLION) 187
TABLE 192 MACHINE VISION MARKET, BY REGION, 2021–2026 (USD MILLION) 187
11.2 NORTH AMERICA 188
FIGURE 35 NORTH AMERICA: MACHINE VISION MARKET SNAPSHOT 189
TABLE 193 MACHINE VISION MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2020 (USD MILLION) 189
TABLE 194 MACHINE VISION MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2026 (USD MILLION) 189
TABLE 195 MACHINE VISION MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2018–2020 (USD MILLION) 190
TABLE 196 MACHINE VISION MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2021–2026 (USD MILLION) 190
11.2.1 US 191
11.2.1.1 US offers ideal environment for innovations, which has facilitated massive advancements in machine vision technologies and standards 191
11.2.2 CANADA 191
11.2.2.1 Canada is among leading contributors to development of machine vision technologies 191
11.2.3 MEXICO 192
11.2.3.1 Mexico is evolving as major industrial hub in North America 192
11.3 EUROPE 192
FIGURE 36 EUROPE: MACHINE VISION MARKET SNAPSHOT 193
TABLE 197 MACHINE VISION MARKET IN EUROPE, BY COUNTRY,
2018–2020 (USD MILLION) 193
TABLE 198 MACHINE VISION MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD MILLION) 194
TABLE 199 MACHINE VISION MARKET IN EUROPE, BY END-USER INDUSTRY,
2018–2020 (USD MILLION) 194
TABLE 200 MACHINE VISION MARKET IN EUROPE, BY END-USER INDUSTRY,
2021–2026 (USD MILLION) 195
11.3.1 GERMANY 195
11.3.1.1 Increasing demand for robots in automotive and electronics industries is driving growth of market for camera-based machine vision systems 195
11.3.2 UK 196
11.3.2.1 Manufacturers based in UK are progressively considering machine vision systems to improve their product quality and minimize waste 196
11.3.3 FRANCE 196
11.3.3.1 France heavily focuses on its aerospace & defense industry 196
11.3.4 ITALY 196
11.3.5 SPAIN 197
11.3.5.1 Growth of market in Spain is driven by industries such as consumer electronics and pharmaceuticals 197
11.3.6 REST OF EUROPE 197
11.4 APAC 197
FIGURE 37 APAC: MACHINE VISION MARKET SNAPSHOT 198
TABLE 201 MACHINE VISION MARKET IN APAC, BY COUNTRY,
2018–2020 (USD MILLION) 198
TABLE 202 MACHINE VISION MARKET IN APAC, BY COUNTRY,
2021–2026 (USD MILLION) 199
TABLE 203 MACHINE VISION MARKET IN APAC, BY END–USER INDUSTRY,
2018–2020 (USD MILLION) 199
TABLE 204 MACHINE VISION MARKET IN APAC, BY END-USER INDUSTRY,
2021–2026 (USD MILLION) 200
11.4.1 CHINA 200
11.4.1.1 China has robust export industry that manufactures products for global market 200
11.4.2 JAPAN 201
11.4.2.1 Manufacturers in Japan have been early adopters of machine vision systems as they consider this technology to be a quality-enhancing element in their manufacturing processes 201
11.4.3 SOUTH KOREA 201
11.4.3.1 South Korea is among leading manufacturers of robots in world 201
11.4.4 INDIA 202
11.4.4.1 Manufacturing sector in India is expected to grow further in near future, which will require automated quality check mechanisms 202
11.4.5 REST OF APAC 202
11.5 ROW 203
FIGURE 38 ROW: MACHINE VISION MARKET SNAPSHOT 203
TABLE 205 MACHINE VISION MARKET IN ROW, BY REGION, 2018–2020 (USD MILLION) 203
TABLE 206 MACHINE VISION MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION) 204
TABLE 207 MACHINE VISION MARKET IN ROW, BY END–USER INDUSTRY,
2018–2020 (USD MILLION) 204
TABLE 208 MACHINE VISION MARKET IN ROW, BY END-USER INDUSTRY,
2021–2026 (USD MILLION) 205
11.5.1 SOUTH AMERICA 205
11.5.1.1 South America has significant potential to use machine vision systems 205
11.5.2 MIDDLE EAST 206
11.5.2.1 Increasing manufacturing activities in Israel, Middle East, and
North Africa are boosting market growth 206
11.5.3 AFRICA 206
11.5.3.1 Growing production in food & beverages, automotive, and pharmaceuticals industries is key driver for growth of machine
vision market 206
12 COMPETITIVE LANDSCAPE 207
12.1 OVERVIEW 207
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 207
12.2.1 OVERVIEW OF STRATEGIES DEPLOYED BY MACHINE VISION OEMS 207
12.3 COMPNAY REVENUE ANALYSIS, 2016–2020 210
TABLE 209 TOP FIVE PLAYERS REVENUE ANALYSIS RELATED TO MACHINE VISION SEGMENT, 2016–2020 (USD MILLION) 210
FIGURE 39 5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS, 2016–2020 210
12.4 MARKET SHARE ANALYSIS, 2020 211
FIGURE 40 SHARE OF MAJOR PLAYERS IN MACHINE VISION MARKET, 2020 211
TABLE 210 MACHINE VISION MARKET: DEGREE OF COMPETITION 212
12.5 RANKING OF KEY PLAYERS IN MACHINE VISION MARKET 213
FIGURE 41 MACHINE VISION HARDWARE MARKET: RANKING OF KEY PLAYERS, 2020 213
12.6 COMPANY EVALUATION QUADRANT 214
12.6.1 STAR 214
12.6.2 PERVASIVE 214
12.6.3 EMERGING LEADER 214
12.6.4 PARTICIPANT 214
FIGURE 42 MACHINE VISION MARKET: COMPANY EVALUATION QUADRANT, 2020 215
12.7 STARTUP/SME EVALUATION QUADRANT 216
12.7.1 PROGRESSIVE COMPANY 216
12.7.2 RESPONSIVE COMPANY 216
12.7.3 DYNAMIC COMPANY 216
12.7.4 STARTING BLOCK 216
FIGURE 43 MACHINE VISION MARKET: STARTUP/SME EVALUATION QUADRANT, 2020 217
12.8 MACHINE VISION MARKET: COMPANY FOOTPRINT 218
TABLE 211 FOOTPRINT OF COMPANIES 218
TABLE 212 APPLICATION FOOTPRINT OF COMPANIES 219
TABLE 213 PRODUCT FOOTPRINT OF COMPANIES 221
TABLE 214 REGION FOOTPRINT OF COMPANIES 222
13 COMPANY PROFILE 223
13.1 KEY PLAYERS 223
(Business overview, Products offered, Recent Developments, MNM view)*
13.1.1 COGNEX CORPORATION 223
TABLE 215 COGNEX: BUSINESS OVERVIEW 223
FIGURE 44 COGNEX: COMPANY SNAPSHOT 224
13.1.2 BASLER 228
TABLE 216 BASLER: BUSINESS OVERVIEW 228
FIGURE 45 BASLER: COMPANY SNAPSHOT 228
13.1.3 OMRON CORPORATION 233
TABLE 217 OMRON CORPORATION: BUSINESS OVERVIEW 233
FIGURE 46 OMRON CORPORATION: COMPANY SNAPSHOT 234
13.1.4 KEYENCE CORPORATION 238
TABLE 218 KEYENCE: BUSINESS OVERVIEW 238
FIGURE 47 KEYENCE: COMPANY SNAPSHOT 238
13.1.5 TELEDYNE TECHNOLOGIES 241
TABLE 219 TELEDYNE TECHNOLOGIES: BUSINESS OVERVIEW 241
FIGURE 48 TELEDYNE TECHNOLOGIES: COMPANY SNAPSHOT 242
13.1.6 TKH GROUP 246
TABLE 220 TKH GROUP: BUSINESS OVERVIEW 246
FIGURE 49 TKH GROUP: COMPANY SNAPSHOT 247
13.1.7 NATIONAL INSTRUMENTS 250
TABLE 221 NATIONAL INSTRUMENTS: BUSINESS OVERVIEW 250
FIGURE 50 NATIONAL INSTRUMENTS: COMPANY SNAPSHOT 250
13.1.8 SONY CORPORATION 253
TABLE 222 SONY CORPORATION: BUSINESS OVERVIEW 253
FIGURE 51 SONY CORPORATION: COMPANY SNAPSHOT 254
13.1.9 TEXAS INSTRUMENTS 257
TABLE 223 TEXAS INSTRUMENTS: BUSINESS OVERVIEW 257
FIGURE 52 TEXAS INSTRUMENTS: COMPANY SNAPSHOT 258
13.1.10 INTEL CORPORATION 260
TABLE 224 INTEL CORPORATION: BUSINESS OVERVIEW 260
FIGURE 53 INTEL CORPORATION: COMPANY SNAPSHOT 261
13.1.11 ISRA VISION AG 264
TABLE 225 ISRA VISION AG: BUSINESS OVERVIEW 264
FIGURE 54 ISRA VISION AG: COMPANY SNAPSHOT 265
13.1.12 SICK AG 268
TABLE 226 SICK AG: BUSINESS OVERVIEW 268
FIGURE 55 SICK AG: COMPANY SNAPSHOT 268
13.1.13 MICROSOFT 271
TABLE 227 MICROSOFT: BUSINESS OVERVIEW 271
FIGURE 56 MICROSOFT: COMPANY SNAPSHOT 272
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
13.2 OTHER COMPANY PROFILES 275
13.2.1 AMETEK INC. 275
13.2.2 QUALITAS TECHNOLOGIES 276
13.2.3 BAUMER OPTRONIC 277
13.2.4 ALGOLUX 278
13.2.5 TORDIVEL AS 279
13.2.6 INUITIVE 280
13.2.7 MVTEC SOFTWARE GMBH 281
13.2.8 JAI A/S 282
13.2.9 INDUSTRIAL VISION SYSTEMS LTD. 283
14 APPENDIX 284
14.1 DISCUSSION GUIDE 284
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 286
14.3 RELATED REPORTS 288
14.4 AUTHOR DETAILS 289
