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Machine Vision Camera Market by End-user, Product, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 12
  • SKU: IRTNTR40736
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The machine vision camera market share is expected to increase by USD 15.07 bn from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 7.25%.

This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (line scan, area scan, and 3D), end user (industrial and non-industrial), and geography (APAC, Europe, North America, South America, and MEA). The market report also offers information on several market vendors, including Basler AG, Baumer Holding AG, Cognex Corp., FLIR Systems Inc., Hitachi Kokusai Electric America, Ltd., National Instruments Corp., OMRON Corp., Sony Corp., Teledyne DALSA Inc., and TKH Group NV among others.

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

Machine Vision Camera Market Size

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

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 research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key 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 market growth. The application of machine vision cameras is increasing in various non-industrial domains such as defence 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.

Key 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.

Key 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. Sensors are solid electronic devices containing thousands of pixels and are important parts of cameras. Even though many vendors provide smart cameras, very few vendors offer the sensors in the market. Two cameras with the same pixel number may have differing image clarity, and for the vendors of the cameras, it becomes challenging to produce cameras with high sensitivity and clarity at a low price. 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.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global machine vision camera market as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major Machine Vision Camera Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Basler AG
  • Baumer Holding AG
  • Cognex Corp.
  • FLIR Systems Inc.
  • Hitachi Kokusai Electric America, Ltd.
  • National Instruments Corp.
  • OMRON Corp.
  • Sony Corp.
  • Teledyne DALSA Inc.
  • TKH Group NV

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Machine Vision Camera Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global electrical components and equipment market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Machine Vision Camera Market?

Machine Vision Camera Market Market segmentation by region

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43% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for the market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The development and increased adoption of machine vision systems in countries such as China, Japan, and Indonesia will facilitate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic led to a decrease in spending on the automotive and electronics industry, which reduced the demand for machine vision cameras in the region, as most projects were put on hold in 2020. However, in 2021, most of the industrial activities resumed, which will fuel the growth of the market in the region during the forecast period.

What are the Revenue-generating Product Segments in the Machine Vision Camera Market?

Machine Vision Camera Market Segmentation

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The market share growth by the line scan segment will be significant during the forecast period. A line scan machine vision camera reads the image data one line at a time instead of observing the image as a whole. Its seamless recording style allows for the inspection of over-long objects or even endless webs of material. These characteristics make line scan machine vision cameras perfect for a variety of processes such as quality assurance and sorting procedures.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.

 

Machine Vision Camera Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.25%

Market growth 2021-2025

USD 15.07 billion

Market structure

Fragmented

YoY growth (%)

7.00

Regional analysis

APAC, Europe, North America, South America, MEA

Performing market contribution

APAC at 43%

Key consumer countries

China, US, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Basler AG, Baumer Holding AG, Cognex Corp., FLIR Systems Inc., Hitachi Kokusai Electric America, Ltd., National Instruments Corp., OMRON Corp., Sony Corp., Teledyne DALSA Inc., and TKH Group NV

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, Market condition analysis for the forecast period

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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 2021-2025
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the market industry across APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis – Electrical components and equipment market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
    • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 15: Product - Market share 2020-2025 (%)
  • 5.2 Comparison by Product
    • Exhibit 16: Comparison by Product
  • 5.3 Line Scan - Market size and forecast 2020-2025
    • Exhibit 17: Line Scan - Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: Line Scan - Year-over-year growth 2020-2025 (%)
  • 5.4 Area Scan - Market size and forecast 2020-2025
  • 5.5 3D
    • Exhibit 15: Product - Market share 2020-2025 (%)
    • Exhibit 16: Comparison by Product
  • Market size and forecast 2020-2025 54
  • Market opportunity by Product 56
  • Market Segmentation by End-user 57
  • Market segments 58
  • Comparison by End user 59
  • Industrial - Market size and forecast 2020-2025 60
  • Non-industrial - Market size and forecast 2020-2025 63
  • Market opportunity by End user 65
  • Customer landscape 66
  • Geographic Landscape 68
  • Geographic segmentation 69
  • Geographic comparison 71
  • APAC - Market size and forecast 2020-2025 72
  • Europe - Market size and forecast 2020-2025 75
  • North America - Market size and forecast 2020-2025 78
  • South America - Market size and forecast 2020-2025 81
  • MEA - Market size and forecast 2020-2025 84
  • Key leading countries 87
  • Market opportunity by geography 88
  • Drivers, Challenges, and Trends 90
  • Market drivers 91
  • Market challenges 94
  • Market trends 97
  • Vendor Landscape 100
  • Vendor landscape 101
  • Landscape disruption 102
  • Vendor Analysis 104
  • Vendors covered 105
  • Market positioning of vendors 107
  • Basler AG 109
  • Baumer Holding AG 111
  • Cognex Corp 113
  • FLIR Systems Inc 115
  • Hitachi Kokusai Electric America, Ltd 117
  • National Instruments Corp 120
  • OMRON Corp 122
  • Sony Corp 124
  • Teledyne DALSA Inc 127
  • TKH Group NV 128
  • Appendix 130
  • Scope of the report 131
  • Currency conversion rates for US$ 132
  • Research methodology 133

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
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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
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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 market growth will increase by $15.07 bn during 2021-2025.
The machine vision camera market market is expected to grow at a CAGR of 7.25% during 2021-2025.
Technavio has segmented the machine vision camera market market by product (Line Scan, Area Scan, and 3D) ,end user (Industrial and Non-industrial) , and geography (APAC, Europe, North America, South America, and MEA).
Basler AG, Baumer Holding AG, Cognex Corp., FLIR Systems Inc., Hitachi Kokusai Electric America, Ltd., National Instruments Corp., OMRON Corp., Sony Corp., Teledyne DALSA Inc., TKH Group NV are a few of the key vendors in the machine vision camera market market.
APAC will register the highest growth rate of 43% among the other regions. Therefore, the machine vision camera market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Japan
  • Germany
  • South Korea (Republic of Korea)
The key factors driving the machine vision camera market market growth are:
  • increased demand from non-industrial sector
  • increasing number of strategic alliances
The machine vision camera market market vendors should focus on grabbing business opportunities from the line scan 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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  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

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