The Industrial Machine Vision Camera Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Industrial Machine Vision Camera Global Market Report 2024, The industrial machine vision camera market size has grown rapidly in recent years. It will grow from $10.02 billion in 2023 to $11.71 billion in 2024 at a compound annual growth rate (CAGR) of 16.8%. The growth in the historic period can be attributed to automation in manufacturing, quality control requirements, cost reduction and efficiency, increasing applications, rise of industry 40.
The industrial machine vision camera market size is expected to see rapid growth in the next few years. It will grow to $20.61 billion in 2028 at a compound annual growth rate (CAGR) of 15.2%. The growth in the forecast period can be attributed to robotic automation expansion, iot connectivity, focus on edge computing, customization and integration services, regulatory compliance and standards. Major trends in the forecast period include demand for 3d vision technology, ai and machine learning integration, advancements in imaging technologies, high-resolution imaging, 3d vision technology.
The surge in the adoption of industrial robots is expected to propel the growth of the industrial machine vision camera market going forward. Industrial robots refer to a mechanical device that has been designed to automatically carry out production-related duties in industrial settings. An industrial machine vision camera is used in industrial robots to allow them to adjust to environmental obstacles and provide productive benefits. For instance, in October 2021, according to the International Federation of Robotics, a Germany-based non-profit organization, global robotic sales have increased by 10%. In 2021, there were 3 million industrial robots installed and operational in industries around the world. In 2021, the global installation of industrial robots is expected to increase by 13% to 435,000 units. Therefore, the surge in the adoption of industrial robots is driving the growth of the industrial machine vision camera market.
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The industrial machine vision camera market covered in this report is segmented –
1) Industrial Machine Vision Camera Market By Component: Hardware, Software
2) Industrial Machine Vision Camera Market By Product Type: Line Scan Camera, Area Scan Camera
3) Industrial Machine Vision Camera Market By Applications: Manufacturing, Medical And Life Sciences, Security And Surveillance, Intelligent Transportation System, Other Applications
Top Major Players
Teledyne Technologies Incorporated
Cognex Corporation
TKH GROUP
Basler AG
IDS Imaging Development Systems GmbH
Technological advancements are a key trend gaining popularity in the industrial machine vision camera market. Companies operating in the industrial machine vision camera market are adopting new technologies to sustain their position in the market. For instance, in July 2022, Nikon Corporation, a Japan-based consumer and professional digital camera manufacturer launched ‘LuFact’ a new ultra-compact machine vision camera. The LuFact camera is designed in such a way that it has a separate camera head that captures interface conversion units and process images. It is uniquely designed with image processing technology, and it can reduce heating in the existing machinery as well as the production line by installing the camera head and I/F conversion unit separately.
The industrial machine vision camera market report table of contents includes:
1. Executive Summary
2. Industrial Machine Vision Camera Market Characteristics
3. Industrial Machine Vision Camera Market Trends And Strategies
4. Industrial Machine Vision Camera Market – Macro Economic Scenario
5. Global Industrial Machine Vision Camera Market Size and Growth
…….
31. Global Industrial Machine Vision Camera Market Competitive Benchmarking
32. Global Industrial Machine Vision Camera Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Industrial Machine Vision Camera Market
34. Industrial Machine Vision Camera Market Future Outlook and Potential Analysis
35. Appendix
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