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The machine vision market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India

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The machine vision market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India

February 24
20:34 2020
Machine Vision Market by Deployment (General & Robotic cell), Component (Hardware and Software), Product (PC-based and Smart camera-based), Application, End-user Industry & Region – Forecast till 2025

The global machine vision market size is expected to grow from USD 10.7 billion in 2020 to USD 14.7 billion by 2025, at a CAGR of 6.5% during the forecast period. The major driving factors in the machine vision market is the increasing need for quality inspection and automation, growing demand for vision-guided robotic systems, increasing adoption of vision-guided robotic systems, and many more. 

Based on deployment, the machine vision market has been segmented into a general machine vision system and robotic cell. Machine vision cameras mounted on the assembly line provide better flexibility and accuracy for the inspection rather than robots that are integrated with machine vision cameras. Also, the robot keeps moving due which might result in blurred images. Further, the machine vision cameras are not that technically advanced which can provide images clear and static images while the robot is moving. Therefore, the market share of machine vision camera deployment in robots is significantly less in number as compared to machine vision cameras deployed on the assembly line. Therefore, the traditional machine vision system is more deployed as compared to the robotic cell.

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Based on components, the software machine vision market is expected to grow at the fastest rate during the forecast period. The integration of AI in industrial machine vision software is expected to fuel the growth of the industrial machine vision market for software during the forecasted period as deep learning enables machines to recognize objects. Also, deep learning-based machine vision software helps in minimizing human intervention and provide a real-time solution by distinguishing the acceptable variations in products and the defects in manufacturing industries.

Based on the product, the PC based machine vision system is expected to hold a major share in the future as these systems are simple to handle and have faster processing power units compared to smart camera-based systems. Also, unlike smart camera-based PCs are highly upgradeable and can swap the components easily. However, it is only suitable where space is not an issue.

Based on application, quality assurance and inspection to hold the largest market share in the machine vision market during the forecast period. The key factors driving the growth of the industrial machine vision market for quality assurance and inspection applications include the increasing demand for quality products, growing manufacturing capacity, and shortage of skilled labor. Semiconductor and electronics companies are highly dependent on the vision inspection technology to check their product quality as well to speed-up their production processes

 

Based on the end-user industry, the food and packaging industry grow at the fastest rate in the machine vision market during the forecast period. The food industry provides several opportunities for the machine vision market, and several companies have responded by developing application-specific solutions in the areas of grading, sorting, portioning, processing, and quality checking during processing and packaging. Therefore, to provide quality assurance and inspection, minimize the labor cost and increase the efficiency machine vision systems are being deployed at the highest rate in the food and packaging industry.

APAC machine vision market held the largest market share in 2019. The machine vision market in APAC is expected to hold a major market share during the forecast period as countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities wherein automation of manufacturing processes has been taken as the highest priority. Also, strong competition among consumer electronics companies in APAC is likely to boost the adoption of machine vision systems in the region.

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