Machine Vision Camera Market 2023-2027: A Descriptive Analysis Of Five Forces Model, Market Dynamics, And Segmentation - Technavio

(MENAFN- PR Newswire)

NEW YORK, Feb. 1, 2023 /PRNewswire/ -- According to Technavio, the global machine vision camera market size is estimated to grow by USD 12,866.27 million from 2022 to 2027. The market is estimated to grow at a CAGR of 15.23% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 51% of the market's growth during the forecast period.
The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market.
For more Insights on market size,
request a sample report

continue reading



Technavio has announced its latest market research report titled Global Machine Vision Camera Market 2023-2027

Global machine vision camera market - Five forces
The global machine vision (MV) camera market is fragmented , and the five forces analysis covers–

• Bargaining power of buyers
  
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For an interpretation of Porter's five forces model – buy the report!

Global machine vision camera market – Customer landscape

The report includes the market's adoption lifecycle, 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.

Global machine vision camera market - Segmentation assessment

Segment overview
Technavio has segmented the market based on end-user (industrial and non-industrial) and type (vision system, cameras, and others).

• The industrial segment will account for a significant share of the market's growth during the forecast period. Factors such as the high adoption of machine vision cameras in the automotive, electronics, metal, and food and beverages industries are driving the growth of this segment. The automotive industry is expected to register positive year-over-year growth during the forecast period. The industry uses machine vision in various applications, such as primary inspection and guiding robots.

Geography overview
Based on geography, the global machine vision camera market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global machine vision camera market.

• APAC
  is estimated to account for 51% of the growth of the global market during the forecast period. The growth of the market in the region is attributed to factors such as the provision of innovative and low-cost cameras by vendors. The development and increase in the adoption of machine vision systems in countries such as China, Japan, and Indonesia are also driving the regional market's growth.

download a sample report

Global machine vision camera market
– Market dynamics
Key factor driving market growth

• The increase in demand from the non-industrial sector is driving the growth of the market.
• Machine vision cameras are used in various non-industrial domains such as defense surveillance systems, forensics, robotic surgery, intelligent traffic systems, border security, and health monitoring.
• They are also used in stores, supermarkets, and hypermarkets to identify shoplifters.
• In the agriculture sector, machine vision cameras are used to monitor processes such as fruit picking and removing vegetable roots from farmlands.
• These factors will fuel the growth of the market during the forecast period.

Leading trends influencing the market

• The advent of integrated Industry 4.0 and Quality 4.0 with IoT is driving the growth of the market.
• Advances in data analytics capabilities will lead to improvements in high-volume data access through machine vision systems.
• Machine vision cameras 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 factories.
• Industry 4.0 and Quality 4.0 are expected to change the way end-users operate and use advanced machine vision cameras.
• These factors are expected to have a positive impact on the market during the forecast period

Major challenges hindering the market growth

• The high cost of implementation is challenging the growth of the market.
• These systems require a high initial one-time payment, which is a hindrance for small and medium-sized enterprises (SMEs).
• The costs also increase depending on the customization and other operational requirements as per the intended use of multiple cameras in industrial applications.
• The rise in competition has made it difficult for vendors to sell cameras at a higher price.
• Thus, high implementation costs adversely affect production costs, which in turn, will reduce vendors' profit margins and hinder the market growth during the forecast period.

drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. find more insights in a sample report!

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 camera market between 2023 and 2027
• Precise estimation of the size of the machine vision camera market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the machine vision camera market across APAC, North America, Europe, Middle East and Africa, and South America
• A 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

Gain instant access to 17,000+ market research reports.

technavio's subscription platform

Related Reports:

The machine tools market size is expected to increase by USD 24.32 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.58%. This report extensively covers the market segmentation by end-user (automotive, industrial machinery, precision engineering, transportation, and others) and geography (APAC, Europe, North America, the Middle East and Africa, and South America).

The metal sawing machine market size is expected to increase by USD 770.42 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.29%. This report extensively covers market segmentation by end-user (automotive, general machinery, aerospace and defense, marine, and others) and geography (APAC, Europe, North America, Middle East and Africa, and South America).

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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's industrials market
reports

Table of contents

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

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website:

SOURCE Technavio

MENAFN01022023003732001241ID1105511473