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Machine Vision (MV) Camera Market by End-user, Type, and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 166
  • SKU: IRTNTR40736
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The machine vision (MV) camera market is estimated to grow at a CAGR of 15.23% between 2022 and 2027. The size of the market is forecast to increase by USD 12,866.27 million. The growth of the market depends on serval factors, including increased demand in non-industrial sectors, increasing adoption of machine vision systems for medical and life science research, and increased demand for vision-guided industrial robots in APAC.

This report extensively covers market segmentation by end-user (industrial and non-industrial), type (vision system, cameras, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Machine Vision Camera Market During the Forecast Period?

Machine Vision Camera Market Size

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Parent Market Analysis

The reports categorize the global machine vision camera market as a part of the global industrial machinery market. The parent, the global industrial machinery market, covers companies engaged in manufacturing industrial machinery and components covering presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Machine Vision Camera Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increased demand from the non-industrial sector is notably driving the market growth, although factors such as the high cost of implementation may impede the market growth.  Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Machine Vision Camera Market Driver

The key market driver for the market is the increased demand from the non-industrial sector. The rising use of machine vision cameras in non-industrial sectors is significantly driving the market growth. The application of machine vision cameras is increasing in various non-industrial domains such as defense surveillance systems, forensics, robotic surgery, intelligent traffic systems, border security, and health monitoring. Machine vision cameras are finding significant applications in stores, supermarkets, and hypermarkets to identify shoplifters. Vendors have further added a feature of self-service that helps customers in making payments at the checkpoint without any assistance.

Machine vision cameras are used in the agriculture sector, to monitor processes such as fruit picking and removing vegetable roots from the farmland. Fruits and vegetables are then inspected for quality during the quality control stage using machine vision systems.

Significant Machine Vision Camera Market Trend

The key market trend for the market is the advent of integrated Industry 4.0 and Quality 4.0 with IoT. The emergence of Industry 4.0 is creating growth opportunities for machine vision cameras, which is one of the key market trends. Advances in data analytics capabilities will result in improved high-volume data access through machine vision systems.

Machine vision cameras enabled with data analytics are used for the inspection of raw materials, flaw detection, final inspections, and quality assurance. Industry 4.0 machine vision cameras enable fast and effective intervention in Industry 4.0 factories. Industry 4.0 and Quality 4.0 are becoming key differentiators across industries and are expected to add value in terms of improved quality, costs, efficiency, market share, and brand recognition. It is expected to change the way end-users operate and use advanced machine vision cameras for better operational performance. This is expected to impact the market in a positive manner during the forecast period.

Major Machine Vision Camera Market Challenge

The key market challenge for the market is the high cost of implementation. The overall price of these systems is considerably high and requires a significant initial one-time payment. This will be a major impediment for end-users, especially small and medium-sized enterprises (SMEs) in developed and developing countries. The costs also appreciate depending on the customization and other operational requirements based on the intended use of the multiple cameras in industrial applications. Although smart cameras have gained a lot of demand, vendors are finding it difficult to produce smart cameras at lower prices.

The rise in competition has also made it difficult for vendors to sell cameras at a higher price. This is because the market is not that concentrated for companies to use their brand image to sell the cameras at a high price. Thus, high implementation costs adversely affect production costs, thereby, reducing the vendors' profit margins and hindering the market growth during the forecast period.

Key Machine Vision Camera Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Machine Vision Camera Market Share by Geography

Global Machine Vision Camera Market Customer Landscape

Who are the Major Machine Vision Camera Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

National Instruments Corp. - The company offers machine vision cameras such as smart cameras and area scan cameras. The company provides integrated solutions involving modular hardware and open, flexible software systems, to support evolving test and measurement needs of organizations.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Basler AG
  • Baumer Holding AG
  • Cognex Corp.
  • Datalogic Spa
  • Decision Technology LLC
  • Hangzhou Hikvision Digital Technology Co. Ltd.
  • Hitachi Ltd.
  • Intel Corp.
  • JAI AS
  • Keyence Corp.
  • OMRON Corp.
  • SICK AG
  • Sony Group Corp.
  • TKH Group NV
  • Teledyne Technologies Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Machine Vision Camera Market?

The market share growth of the industrial segment will be significant during the forecast period. The growth of the industrial segment is attributed to the high adoption of machine vision cameras among the automotive and electronics industries, followed by the metal and food and beverages industries. The automotive industry is expected to register positive year-over-year growth during the forecast period.  The automotive industry uses machine vision in various applications, such as primary inspection and guiding robots. 

Machine Vision Camera Market Size

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The industrial segment was valued at USD 5,539.07 million in 2017 and continued to grow until 2021In the electronics industry, the three main functions of machine vision in printed circuit board assembly are solder paste inspection, component placement, and post-reflow inspection. The other industrial end-users of the machine vision camera include industries such as glass, wood, paper, pharmaceutical, plastic, machinery, and solar panel manufacturing. These factors are expected to drive the growth of the industrial segment of the market during the forecast period.

Which are the Key Regions for the Machine Vision Camera Market?

Machine Vision Camera Market Share by Geography

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APAC is estimated to contribute 51% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The MV camera market in APAC is exhibiting strong growth potential owing to the provision of innovative and low-cost cameras in the region by the vendors. The major driver for the growth of the market in the region is the development and increased adoption of machine vision systems in countries such as China, Japan, and Indonesia. The booming automotive and semiconductor industries in China and Japan will support the growth of the market in APAC.

China, Japan, India, Indonesia, Malaysia, and South Korea are emerging as dominant countries for the market in APAC, with the majority of sales witnessed in the automotive and electronics, and semiconductors sectors. The expansion projects announced in these countries are also contributing to market growth in these countries. The focus on infrastructural development by emerging economies also drives the growth of the market in the region.

COVID-19 propelled the growth of the market in focus in the region as governments across different countries in the region took initiatives to track the movement of people and contain the spread of the disease. Additionally, the expansion in the operations of global food and beverage companies in APAC has increased the demand for food safety and inspection systems in the region. Many SMEs have also started adopting automated material handling and packaging systems to compete with global vendors.h It is expected to drive the demand of the market in focus during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by End-user (Industrial and Non-industrial), Type (Vision system, Cameras, and Others), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).

  • End-user Outlook (USD Million, 2017 - 2027)
    • Industrial
    • Non-industrial
  • Type Outlook (USD Million, 2017 - 2027)
    • Vision system
    • Cameras
    • Others
  • Region Outlook (USD Million, 2017 - 2027)
    • APAC
      • China
      • India
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina
      • Rest of the Middle East & Africa

Machine Vision Camera Market Scope

Report Coverage

Details

Page number

166

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 15.23%

Market growth 2023-2027

USD 12,866.27 million

Market structure

Fragmented

YoY growth 2022-2023(%)

11.87

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 51%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Adimec Advanced Image Systems BV, Alpha MOS, AMETEK Inc., Banner Engineering Corp., Basler AG, Baumer Holding AG, Cognex Corp., Datalogic Spa, Decision Technology LLC, Hangzhou Hikvision Digital Technology Co. Ltd., Hitachi Ltd., Intel Corp., JAI AS, Keyence Corp., National Instruments Corp., OMRON Corp., SICK AG, Sony Group Corp., TKH Group NV, and Teledyne Technologies Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Machine Vision Camera Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the machine vision (MV) camera market between 2023 and 2027
  • Precise estimation of the machine vision camera market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of machine vision camera market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global machine vision camera market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global machine vision camera market 2017 - 2021 ($ million)
    • 4.2 End-user Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Industrial - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
    • 6.4 Non-industrial - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Non-industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Non-industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Non-industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Non-industrial - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 42: Market opportunity by End-user ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 43: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 45: Chart on Comparison by Type
      • Exhibit 46: Data Table on Comparison by Type
    • 7.3 Vision system - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Vision system - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Vision system - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Vision system - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Vision system - Year-over-year growth 2022-2027 (%)
    • 7.4 Cameras - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Cameras - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Cameras - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Cameras - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Cameras - Year-over-year growth 2022-2027 (%)
    • 7.5 Others - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 59: Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Adimec Advanced Image Systems BV
              • Exhibit 112: Adimec Advanced Image Systems BV - Overview
              • Exhibit 113: Adimec Advanced Image Systems BV - Product / Service
              • Exhibit 114: Adimec Advanced Image Systems BV - Key offerings
            • 12.4 Alpha MOS
              • Exhibit 115: Alpha MOS - Overview
              • Exhibit 116: Alpha MOS - Business segments
              • Exhibit 117: Alpha MOS - Key offerings
              • Exhibit 118: Alpha MOS - Segment focus
            • 12.5 Banner Engineering Corp.
              • Exhibit 119: Banner Engineering Corp. - Overview
              • Exhibit 120: Banner Engineering Corp. - Product / Service
              • Exhibit 121: Banner Engineering Corp. - Key offerings
            • 12.6 Basler AG
              • Exhibit 122: Basler AG - Overview
              • Exhibit 123: Basler AG - Product / Service
              • Exhibit 124: Basler AG - Key offerings
            • 12.7 Baumer Holding AG
              • Exhibit 125: Baumer Holding AG - Overview
              • Exhibit 126: Baumer Holding AG - Product / Service
              • Exhibit 127: Baumer Holding AG - Key offerings
            • 12.8 Cognex Corp.
              • Exhibit 128: Cognex Corp. - Overview
              • Exhibit 129: Cognex Corp. - Product / Service
              • Exhibit 130: Cognex Corp. - Key offerings
            • 12.9 Datalogic Spa
              • Exhibit 131: Datalogic Spa - Overview
              • Exhibit 132: Datalogic Spa - Business segments
              • Exhibit 133: Datalogic Spa - Key news
              • Exhibit 134: Datalogic Spa - Key offerings
              • Exhibit 135: Datalogic Spa - Segment focus
            • 12.10 Decision Technology LLC
              • Exhibit 136: Decision Technology LLC - Overview
              • Exhibit 137: Decision Technology LLC - Product / Service
              • Exhibit 138: Decision Technology LLC - Key offerings
            • 12.11 Hangzhou Hikvision Digital Technology Co. Ltd.
              • Exhibit 139: Hangzhou Hikvision Digital Technology Co. Ltd. - Overview
              • Exhibit 140: Hangzhou Hikvision Digital Technology Co. Ltd. - Product / Service
              • Exhibit 141: Hangzhou Hikvision Digital Technology Co. Ltd. - Key offerings
            • 12.12 Hitachi Ltd.
              • Exhibit 142: Hitachi Ltd. - Overview
              • Exhibit 143: Hitachi Ltd. - Business segments
              • Exhibit 144: Hitachi Ltd. - Key news
              • Exhibit 145: Hitachi Ltd. - Key offerings
              • Exhibit 146: Hitachi Ltd. - Segment focus
            • 12.13 Intel Corp.
              • Exhibit 147: Intel Corp. - Overview
              • Exhibit 148: Intel Corp. - Business segments
              • Exhibit 149: Intel Corp. - Key news
              • Exhibit 150: Intel Corp. - Key offerings
              • Exhibit 151: Intel Corp. - Segment focus
            • 12.14 JAI AS
              • Exhibit 152: JAI AS - Overview
              • Exhibit 153: JAI AS - Product / Service
              • Exhibit 154: JAI AS - Key offerings
            • 12.15 National Instruments Corp.
              • Exhibit 155: National Instruments Corp. - Overview
              • Exhibit 156: National Instruments Corp. - Product / Service
              • Exhibit 157: National Instruments Corp. - Key news
              • Exhibit 158: National Instruments Corp. - Key offerings
            • 12.16 OMRON Corp.
              • Exhibit 159: OMRON Corp. - Overview
              • Exhibit 160: OMRON Corp. - Business segments
              • Exhibit 161: OMRON Corp. - Key news
              • Exhibit 162: OMRON Corp. - Key offerings
              • Exhibit 163: OMRON Corp. - Segment focus
            • 12.17 Teledyne Technologies Inc.
              • Exhibit 164: Teledyne Technologies Inc. - Overview
              • Exhibit 165: Teledyne Technologies Inc. - Business segments
              • Exhibit 166: Teledyne Technologies Inc. - Key news
              • Exhibit 167: Teledyne Technologies Inc. - Key offerings
              • Exhibit 168: Teledyne Technologies Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 169: Inclusions checklist
                • Exhibit 170: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 171: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 172: Research methodology
                • Exhibit 173: Validation techniques employed for market sizing
                • Exhibit 174: Information sources
              • 13.5 List of abbreviations
                • Exhibit 175: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Machine Vision Camera market growth will increase by $12866.27 million during 2023-2027.
              The machine vision camera market is expected to grow at a CAGR of 15.23% during 2023-2027.
              Technavio has segmented the machine vision camera market by end-user (Industrial, Non-industrial, and 3D) ,type (Vision system, Cameras, and Others) , and geography (APAC, North America, Europe, Middle East and Africa, and South America).
              Adimec Advanced Image Systems BV, Alpha MOS, AMETEK Inc., Banner Engineering Corp., Basler AG, Baumer Holding AG, Cognex Corp., Datalogic Spa, Decision Technology LLC, Hangzhou Hikvision Digital Technology Co. Ltd., Hitachi Ltd., Intel Corp., JAI AS, Keyence Corp., National Instruments Corp., OMRON Corp., SICK AG, Sony Group Corp., TKH Group NV, Teledyne Technologies Inc. are a few of the key vendors in the machine vision camera market.
              APAC will register the highest growth rate of 50.66% among the other regions. Therefore, the machine vision camera market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the machine vision camera market growth are:
              • Increased demand in non-industrial sectors
              • Augmented demand for smart cameras
              The machine vision camera market vendors should focus on grabbing business opportunities from the industrial segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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