Global Machine Vision Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Component;

Hardware and Software.

By Application;

Quality Assurance & Inspection, Positioning & Guidance, Measurement and Identification.

By End-Use Industry;

Automotive, Pharmaceuticals & Chemicals, Electronics & Semiconductor, Pulp & Paper, Printing & Labeling, Food & Beverage (Packaging and Bottling), Glass & Metal, Postal & Logistics and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn247171566 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Machine Vision Market (USD Million), 2021 - 2031

In the year 2024, the Global Machine Vision Market was valued at USD 17,006.11 million. The size of this market is expected to increase to USD 29,145.49 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8%.

The global machine vision market is rapidly expanding, driven by advancements in technology and increasing applications across various industries. Machine vision systems use cameras and image processing software to perform automated inspection and analysis tasks, replacing or enhancing human vision capabilities. These systems are crucial in sectors like manufacturing, healthcare, automotive, and agriculture, where precise and reliable visual data is essential for quality control, automation, and process optimization.

One of the primary drivers of growth in the machine vision market is the demand for quality inspection and defect detection in manufacturing processes. Industries rely on machine vision to ensure products meet stringent quality standards, leading to improved efficiency and reduced costs. Moreover, the integration of artificial intelligence and deep learning algorithms into machine vision systems enhances their capability to handle complex tasks and adapt to varying conditions.

The healthcare sector also benefits significantly from machine vision technologies, employing them for medical imaging, diagnostics, and patient monitoring. Machine vision systems enable healthcare professionals to obtain detailed, real-time insights, aiding in early disease detection and treatment planning. Similarly, in agriculture, these systems are used for crop monitoring, yield prediction, and precision farming, contributing to increased productivity and sustainability.

As machine vision technology continues to evolve, with advancements in sensors, software algorithms, and connectivity, the market is poised for continued expansion. Innovations such as 3D vision, hyperspectral imaging, and edge computing are opening up new opportunities across industries, driving further adoption and investment in machine vision solutions globally.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Application
    3. Market Snapshot, By End-Use Industry
    4. Market Snapshot, By Region
  4. Global Machine Vision Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Automation Demand
        2. Quality Control Needs
        3. Technological Advancements
      2. Restraints
        1. High Initial Costs
        2. Integration Challenges
        3. Skill Gap
      3. Opportunities
        1. Industry 4.0 Adoption
        2. Emerging Markets
        3. AI Integration
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Compititive Rivalry
  5. Market Segmentation
    1. Global Machine Vision Market, By Component, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software
    2. Global Machine Vision Market, By Application, 2021 - 2031 (USD Million)
      1. Quality Assurance & Inspection
      2. Positioning & Guidanc
      3. Measurement
      4. Identification
    3. Global Machine Vision Market, By End-Use Industry, 2021 - 2031 (USD Million)
      1. Automotive
      2. Pharmaceuticals & Chemicals
      3. Electronics & Semiconductor
      4. Pulp & Paper
      5. Printing & Labeling
      6. Food & Beverage (Packaging and Bottling)
      7. Glass & Metal
      8. Postal & Logistics
      9. Others
    4. Global Machine Vision Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Basler AG
      2. Cognex Corporation
      3. Keyence Corporation
      4. Microscan Systems; Inc
      5. National Instruments Corporation
      6. OMRON Corporation.
  7. Analyst Views
  8. Future Outlook of the Market