Robotics and machine vision are interconnected technologies that are shaping and improving various industries. Robotics enhances perception, precision, accuracy, automation, and productivity beyond human capabilities. By utilizing cameras, sensors, and vision systems, robots can collect visual data, allowing them to make real-time, informed decisions.

Machine vision enhances the precision and accuracy of robotic operations. Robots can rely on visual data to perform tasks with a level of detail and accuracy that might be challenging through other means. The integration of machine vision into robotics facilitates automation by allowing robots to identify and adapt to changing environments autonomously. This synergy results in increased efficiency and productivity across various industries.

AI Tech Insights: Zebra Technologies to Acquire Photoneo, Expanding 3D Machine Vision Portfolio

Machine vision finds its applications in industries such as automotive, consumer packaged goods (CPG), electronics & semiconductor, healthcare, pharmaceuticals, transportation & logistics, among others. In consumer packaged goods, machine vision is widely used for defect detection, color inspection, label verification, packaging integrity, automated sorting & packaging, fill level inspection, product counting, foreign object detection, barcode reading, batch and lot traceability, etc. CPG industry has accounted for the significant share of the market in 2023 due to wide application scope of machine vision in this industry.

Apart from CPG, automotive industry is expected record the significant growth rate during the forecast period. During the automobile manufacturing process, machine vision is used in defect detection, assembly verification, and quality inspection, among others. In addition, many companies are investing in autonomous cars or self-driving cars. In such cars, machine vision is used for object detection and recognition, collision avoidance systems and driver monitoring systems.

Machine vision market is segmented into hardware, software, and services. Hardware segment includes camera, sensors, vision controller, frame grabber, etc. In 2023, the hardware segment is estimated to account for the significant market share. In end-use industries, machine vision cameras are used for several applications such as detection, inspection and operation monitoring. However, the software segment is expected to record significant growth during the forecast period.

Among the major regions, Europe is estimated to show significant growth of the global machine vision market in coming years. A strong backing from the government for Industry 4.0 and well established automotive, CPG, transportation & logistics industry and the increasing penetration of automation in these industries are driving the adoption of machine vision; thereby driving the regional market growth.

AI Tech Insights: E2IP’s Edge AI Sensing Platform with Machine Vision. An ST Micro based Edge AI platform

Machine Vision Market

Major players operating in the global machine vision market are Bosch, Cognex, HIK Robot, Intel, Keyence, Omron, Sick, Tamron, Texas Instruments, and Zebra, among others. In addition, there are several prominent start-ups that are working in the field of machine vision. Aeye, Aibee, Algolux, Clarifai, Cogniac, Deepomatic, PerceptIn, Taranis, Traptic and Veo Robotics are the leading start-ups in machine vision market.

Major market players are adopting organic and inorganic strategies to expand their business. Some of the important developments in recent past are mentioned below

  • In August 2023, Cognex, a leader in industrial machine vision, announced that it has agreed to acquire Moritex which is engaged in the development, manufacture and sale of machine vision optical components with a strong presence in Japan.
  • In June 2023, Omron, a global leader in industrial automation solutions, has announced the launch of the new Omron MicroHAWK F440-F smart camera. It has smart camera with a 35 frame-per-second 5-megapixel monochrome global shutter sensor that can provide high performance to any machine vision application.

TRENDING REPORTS

AI Tech Insights: Tavus Unveils AI Models Enabling Real-Time, Face-To-Face Interaction With True Vision and Audio

About  Intent Market Research™

Intent Market Research (IMR) is a market research firm dedicated to providing unique, data-driven insights that support sustainable and inclusive business growth. We specialize in comprehensive market research reports and consulting services across diverse industries including chemicals, healthcare, automotive, energy, packaging, and semiconductor & electronics.

Our approach centers on delivering transformative market intelligence through syndicated reports, custom research, and strategic consulting services. We work closely with clients to develop tailored solutions that address unique business challenges, offering quantifiable market insights and forward-looking strategies. Our team of expert analysts and consultants combines cutting-edge competencies with a robust research methodology to help businesses explore new markets, develop innovative products, and uncover growth opportunities.

At IMR, we are committed to ethical standards and compliance, conducting research with transparency and integrity. We prioritize data privacy, maintain strict confidentiality, and adhere to industry regulations. Our goal is to empower businesses with comprehensive, fact-based insights that drive sustainable advantages and meaningful organizational change.

To find out more, visit Intent Market Research™ or follow us on LinkedIn. 

Contact:
Mr. Jay Kumar
Intent Market Research

1846 E Innovation Park DR Site
100 ORO Valley
AZ 85755

USA: +1 463-583-2713
Email: sales@intentmarketsearch.com