Machine Vision Market Size and Share Forecast Outlook From 2024 to 2034

The machine vision market is expected to grow at a CAGR of 8.1% during the projected period. The market value is expected to increase from USD 9.9 billion in 2024 to USD  21.6 billion by 2034.

Attributes Details
Machine Vision Market Size, 2024 USD 9.9 billion
Projected Market Size, 2034 USD 21.6 billion
Value-based CAGR (2024 to 2034) 8.1%

Top Machine Vision Market Dynamics and Industry Trends

  • The increasing need for automation and quality control in various industries is driving the growth of the market. Machine vision systems are being increasingly used to automate processes, thereby reducing human error and increasing efficiency.
  • The rise of Industry 4.0. Industry 4.0 is all about creating smart factories that incorporate the latest technologies such as IoT, big data, and machine learning.
  • The increasing adoption of robotics. As robots become more advanced, they require better vision systems to navigate their surroundings and perform tasks accurately. Machine vision systems are used to enable robots to see, recognize, and interact with objects in their environment.
  • The increasing demand for high-quality inspection systems. Machine vision systems are being used to inspect products for defects, ensuring that they meet quality standards and comply with regulations.

Strategic Opportunities for Machine Vision Providers

The machine vision market is growing rapidly, and manufacturers have numerous opportunities to capitalize on the market potential.

  • The machine vision system has functions such as the ability to improve quality control and efficiency in manufacturing processes, which is expected to create significant opportunities in the market. Machine vision systems can quickly and accurately identify defects in products, reducing the need for manual inspections and potentially improving product quality. These characteristics lead to increased customer satisfaction and reduced production costs.
  • The ability to automate production processes using machine vision by integrating machine vision systems with other automation technologies, manufacturers can improve production speed and reduce the risk of errors. This can lead to increased efficiency and reduced labor costs, while also ensuring that products are consistently produced to a high standard.
  • Increasing need in the food and beverage industry such as packaging and labeling. The machine vision market in the food and beverage industry is highly competitive. To succeed, manufacturers need to stay up-to-date with the latest technologies and ensure that their products meet the specific needs of their target markets.

Factors Restraining the Demand for Machine Vision

Manufacturers in the market face several challenges that need to be addressed to sustain growth and profitability.

  • The high cost to develop and manufacture machine vision systems is ultimately passed on to the end users. The high cost makes it difficult for manufacturers to remain competitive in the market, especially when competing against lower-cost alternatives.
  • The lack of standardization can lead to compatibility issues between different systems, making it difficult for end users to integrate machine vision systems into their existing processes.
  • The machine vision market is also highly competitive, with many players vying for market share. Competition can make it difficult for manufacturers to establish themselves in the market and differentiate their products from those of their competitors. In addition, the market is also highly focused on innovation, with new technologies and products being introduced regularly.
  • Regulatory challenges are expected to hamper the market growth during the forecast period. Different regions and countries have different regulations and standards.
  • Regulatory challenges make it difficult for manufacturers to ensure that their products comply with all the necessary regulations and standards, adding to the complexity and the cost of developing and marketing machine vision systems.

Machine Vision Industry Analysis by Top Investment Segments

1-D Vision System Dominates the Market by Type

Attributes Details
Top Type 1-D Vision System
CAGR (2024 to 2034) 8.0%
  • Increasing need for versatility and cost-effectiveness is driving the segment’s growth. 1-D vision systems are capable of measuring the length, width, height, and position of objects, making them suitable for a wide range of industrial and manufacturing applications.
  • 1-D vision systems are relatively simple and easy to integrate into existing production lines, making them a popular choice for many businesses.
  • Compared to other machine vision systems, 1-D vision systems are often less expensive, making them accessible to a wider range of businesses. Affordability has helped to drive demand for 1-D vision systems and has led to their widespread adoption across various industries.

The PC-based Segment Dominates the Market by System

Attributes Details
Top System PC based
CAGR (2024 to 2034) 7.6%
  • The dominance of PC-based systems is particularly pronounced in industries such as manufacturing and logistics, where machine vision is used extensively for quality control and automation.
  • The increasing availability of low-cost, high-performance computing hardware is making PC-based machine vision systems more accessible to small and medium-sized businesses, further driving market growth.
  • The PC-based segment is likely to remain dominant in the machine vision market in the foreseeable future, due to its flexibility, scalability, and processing power.

Analysis of Top Countries Manufacturing, Certifying, and Operating Machine Vision Systems

Countries CAGR (2024 to 2034)
China 8.5%
United Kingdom 9.5%
Japan 8.8%
United States 8.3%
South Korea 9.8%

Technological Innovations in the United Kingdom

  • The United Kingdom has a strong reputation for technological innovation, particularly in sectors such as healthcare, automotive, and manufacturing.
  • The use of machine vision technology in these industries enables better quality control, process optimization, and product innovation, which is driving market growth.
  • The United Kingdom government's focus on promoting Industry 4.0 initiatives and digital transformation across various sectors is fueling the demand for machine vision systems. With labor costs rising and skilled labor shortages, United Kingdom’s businesses are increasingly turning to automation solutions like machine vision to streamline operations, reduce errors, and achieve higher levels of precision and consistency in manufacturing and logistics processes

Significant Investments in Research and Development in the United States

  • The United States is widely recognized for its robust manufacturing sector, which heavily utilizes machine vision technology for quality inspection, defect detection, and production optimization.
  • As manufacturers strive to maintain competitiveness and meet stringent quality standards, the demand for machine vision systems continues to grow.
  • The United States is home to many leading machine vision technology companies and research institutions that are driving continuous innovation in the field.
  • With significant investments towards research and development in machine vision technology from the United States government and private sector organizations, the development of next-generation machine vision systems with improved performance, reliability, and functionality is being fostered, further propelling market growth.

Increasing Demand for Automation in Various Industries in China

  • The Chinese government has been actively promoting the development of high-tech industries, including machine vision, through various policy initiatives and funding support. The government initiatives have led to increased investment in the industry and the development of new technologies, further driving demand.
  • The increasing demand for automation in various industries, such as automotive and electronics, has also contributed to the growth of the machine vision market. Machine vision technology is being used to improve efficiency and productivity by automating tasks such as inspection, measurement, and identification.

Increasing Applications of Robotics in Japan

  • Japan faces demographic challenges with an aging population and a declining workforce. To cope with labor shortages and maintain productivity levels, Japanese industries increasingly adopt machine vision systems for automation, robotics, and quality assurance.
  • Japan's reputation for manufacturing excellence and commitment to quality aligns with the objectives of machine vision technology. Machine vision systems are widely used in Japanese manufacturing industries for defect detection, assembly verification, and process optimization, driving market expansion.
  • Japan is a global leader in robotics and artificial intelligence (AI) research and development. Machine vision technology plays a crucial role in robotics applications, enabling robots to perceive and interact with the environment. The integration of machine vision with robotics and AI technologies is further propelling market growth.

Adoption of Automation and Robotics in Various Industries in South Korea

  • The increasing adoption of automation and robotics in various industries in South Korea. With the rise of Industry 4.0, many companies are looking to automate their processes to improve efficiency and reduce costs. Machine vision technology plays a critical role in this automation by providing real-time visual feedback to robots and other automated systems.
  • The growing need for quality control and inspection in manufacturing. With the rise of e-commerce and the increasing importance of product quality, companies are under pressure to ensure that their products meet the highest standards.
  • The South Korean government has been investing heavily in the development of machine vision technology. The government has identified technology as a key area of growth and has been providing funding and support to companies in this space.

Leading Suppliers of Machine Vision

As the machine vision market continues to grow, more and more companies are expected to enter the market, leading to increased competition. Existing players are also likely to ramp up their efforts to innovate and differentiate themselves from the competition. As a result, the machine vision market is expected to remain highly competitive in the foreseeable future.

Recent Developments in the Machine Vision Market

  • In 2023, SICK Ag has introduced its latest product, the 'multiScan136' as part of the multiScan100 family, which utilizes time of flight (TOF) measurement to create a 3D perception of its surroundings. The multiScan136 is capable of providing 3D measurement data that enables accurate self-localization of vehicles while mapping the environment simultaneously. Its applications include use in mobile robotics for logistics and manufacturing, as well as indoor and outdoor measurements.
  • In 2023, Omron Automation Americas has launched a new product, the F440 Smart Camera, designed to provide greater flexibility to machine vision operations. This camera comes equipped with a high-resolution sensor, customizable lighting, and optics, and a simplified vision system configuration that can be easily set up using the user-friendly 'AutoVISION' software. The camera serves as an ideal solution for numerous applications, including cap inspection, box count, fill level inspection, measurement, and label barcode & OCR, among others.

Key Machine Vision Market Players and Concentration

  • Cognex Corporation
  • Basler AG
  • Teledyne Technologies, Inc.
  • Keyence Corporation
  • Omron Corporation
  • National Instruments Corporation
  • Sony Corporation
  • Allied Vision Technologies GmbH
  • Texas Instruments, Inc.
  • FLIR Systems, Inc.

Scope and Coverage of the Machine Vision Market Report

  • Machine Vision Camera Market Landscape
  • Application Analysis Of Machine Vision Market Assessment
  • Robotic Vision Industry Outlook
  • 3D Machine Vision Market Analysis
  • Computer Vision Pricing Scenario

Top Segments Studied in the Machine Vision Market Research Report

By Material Type:

  • 1-D Vision System
  • 2-D Vision System
  • 3-D Vision System

By System Type:

  • PC based
  • Smart Camera
  • Others

By Industry:

  • Semiconductor
  • Healthcare
  • Automotive
  • Manufacturing
  • Others

By Region:

  • North America
  • Latin America
  • East Asia
  • South Asia
  • Europe
  • Oceania
  • MEA

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
  • 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type
    • 5.1. 1-D Vision System
    • 5.2. 2-D Vision System
    • 5.3. 3-D Vision System
  • 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By System
    • 6.1. PC based
    • 6.2. Smart Camera
    • 6.3. Others
  • 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Industry
    • 7.1. Semiconductor
    • 7.2. Healthcare
    • 7.3. Automotive
    • 7.4. Manufacturing
    • 7.5. Others
  • 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
    • 8.1. North America
    • 8.2. Latin America
    • 8.3. Western Europe
    • 8.4. Eastern Europe
    • 8.5. South Asia and Pacific
    • 8.6. East Asia
    • 8.7. Middle East and Africa
  • 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 16. Key Countries Market Analysis
  • 17. Market Structure Analysis
  • 18. Competition Analysis
    • 18.1. Cognex Corporation
    • 18.2. Basler AG
    • 18.3. Omron Corporation
    • 18.4. Keyence
    • 18.5. National Instruments
    • 18.6. Sony Corporation
    • 18.7. Teledyne Technologies
    • 18.8. Texas Instruments
    • 18.9. Intel Corporation
    • 18.10. ViDi Systems SA
  • 19. Assumptions & Acronyms Used
  • 20. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034

Table 2: Global Market Value (US$ Million) Forecast by Type, 2019 to 2034

Table 3: Global Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 4: Global Market Value (US$ Million) Forecast by Industry, 2019 to 2034

Table 5: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 6: North America Market Value (US$ Million) Forecast by Type, 2019 to 2034

Table 7: North America Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 8: North America Market Value (US$ Million) Forecast by Industry, 2019 to 2034

Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 10: Latin America Market Value (US$ Million) Forecast by Type, 2019 to 2034

Table 11: Latin America Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 12: Latin America Market Value (US$ Million) Forecast by Industry, 2019 to 2034

Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 14: Western Europe Market Value (US$ Million) Forecast by Type, 2019 to 2034

Table 15: Western Europe Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 16: Western Europe Market Value (US$ Million) Forecast by Industry, 2019 to 2034

Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 18: Eastern Europe Market Value (US$ Million) Forecast by Type, 2019 to 2034

Table 19: Eastern Europe Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 20: Eastern Europe Market Value (US$ Million) Forecast by Industry, 2019 to 2034

Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Type, 2019 to 2034

Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by Industry, 2019 to 2034

Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 26: East Asia Market Value (US$ Million) Forecast by Type, 2019 to 2034

Table 27: East Asia Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 28: East Asia Market Value (US$ Million) Forecast by Industry, 2019 to 2034

Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Type, 2019 to 2034

Table 31: Middle East and Africa Market Value (US$ Million) Forecast by System, 2019 to 2034

Table 32: Middle East and Africa Market Value (US$ Million) Forecast by Industry, 2019 to 2034

List of Figures

Figure 1: Global Market Value (US$ Million) by Type, 2024 to 2034

Figure 2: Global Market Value (US$ Million) by System, 2024 to 2034

Figure 3: Global Market Value (US$ Million) by Industry, 2024 to 2034

Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034

Figure 8: Global Market Value (US$ Million) Analysis by Type, 2019 to 2034

Figure 9: Global Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 10: Global Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 11: Global Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 12: Global Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 13: Global Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 14: Global Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 15: Global Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 16: Global Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 17: Global Market Attractiveness by Type, 2024 to 2034

Figure 18: Global Market Attractiveness by System, 2024 to 2034

Figure 19: Global Market Attractiveness by Industry, 2024 to 2034

Figure 20: Global Market Attractiveness by Region, 2024 to 2034

Figure 21: North America Market Value (US$ Million) by Type, 2024 to 2034

Figure 22: North America Market Value (US$ Million) by System, 2024 to 2034

Figure 23: North America Market Value (US$ Million) by Industry, 2024 to 2034

Figure 24: North America Market Value (US$ Million) by Country, 2024 to 2034

Figure 25: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 28: North America Market Value (US$ Million) Analysis by Type, 2019 to 2034

Figure 29: North America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 30: North America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 31: North America Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 32: North America Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 33: North America Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 34: North America Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 35: North America Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 36: North America Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 37: North America Market Attractiveness by Type, 2024 to 2034

Figure 38: North America Market Attractiveness by System, 2024 to 2034

Figure 39: North America Market Attractiveness by Industry, 2024 to 2034

Figure 40: North America Market Attractiveness by Country, 2024 to 2034

Figure 41: Latin America Market Value (US$ Million) by Type, 2024 to 2034

Figure 42: Latin America Market Value (US$ Million) by System, 2024 to 2034

Figure 43: Latin America Market Value (US$ Million) by Industry, 2024 to 2034

Figure 44: Latin America Market Value (US$ Million) by Country, 2024 to 2034

Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 48: Latin America Market Value (US$ Million) Analysis by Type, 2019 to 2034

Figure 49: Latin America Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 51: Latin America Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 52: Latin America Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 53: Latin America Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 54: Latin America Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 57: Latin America Market Attractiveness by Type, 2024 to 2034

Figure 58: Latin America Market Attractiveness by System, 2024 to 2034

Figure 59: Latin America Market Attractiveness by Industry, 2024 to 2034

Figure 60: Latin America Market Attractiveness by Country, 2024 to 2034

Figure 61: Western Europe Market Value (US$ Million) by Type, 2024 to 2034

Figure 62: Western Europe Market Value (US$ Million) by System, 2024 to 2034

Figure 63: Western Europe Market Value (US$ Million) by Industry, 2024 to 2034

Figure 64: Western Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 68: Western Europe Market Value (US$ Million) Analysis by Type, 2019 to 2034

Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 71: Western Europe Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 72: Western Europe Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 74: Western Europe Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 75: Western Europe Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 77: Western Europe Market Attractiveness by Type, 2024 to 2034

Figure 78: Western Europe Market Attractiveness by System, 2024 to 2034

Figure 79: Western Europe Market Attractiveness by Industry, 2024 to 2034

Figure 80: Western Europe Market Attractiveness by Country, 2024 to 2034

Figure 81: Eastern Europe Market Value (US$ Million) by Type, 2024 to 2034

Figure 82: Eastern Europe Market Value (US$ Million) by System, 2024 to 2034

Figure 83: Eastern Europe Market Value (US$ Million) by Industry, 2024 to 2034

Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Type, 2019 to 2034

Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 91: Eastern Europe Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 94: Eastern Europe Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 97: Eastern Europe Market Attractiveness by Type, 2024 to 2034

Figure 98: Eastern Europe Market Attractiveness by System, 2024 to 2034

Figure 99: Eastern Europe Market Attractiveness by Industry, 2024 to 2034

Figure 100: Eastern Europe Market Attractiveness by Country, 2024 to 2034

Figure 101: South Asia and Pacific Market Value (US$ Million) by Type, 2024 to 2034

Figure 102: South Asia and Pacific Market Value (US$ Million) by System, 2024 to 2034

Figure 103: South Asia and Pacific Market Value (US$ Million) by Industry, 2024 to 2034

Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034

Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Type, 2019 to 2034

Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 117: South Asia and Pacific Market Attractiveness by Type, 2024 to 2034

Figure 118: South Asia and Pacific Market Attractiveness by System, 2024 to 2034

Figure 119: South Asia and Pacific Market Attractiveness by Industry, 2024 to 2034

Figure 120: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034

Figure 121: East Asia Market Value (US$ Million) by Type, 2024 to 2034

Figure 122: East Asia Market Value (US$ Million) by System, 2024 to 2034

Figure 123: East Asia Market Value (US$ Million) by Industry, 2024 to 2034

Figure 124: East Asia Market Value (US$ Million) by Country, 2024 to 2034

Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 128: East Asia Market Value (US$ Million) Analysis by Type, 2019 to 2034

Figure 129: East Asia Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 131: East Asia Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 132: East Asia Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 133: East Asia Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 134: East Asia Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 135: East Asia Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 137: East Asia Market Attractiveness by Type, 2024 to 2034

Figure 138: East Asia Market Attractiveness by System, 2024 to 2034

Figure 139: East Asia Market Attractiveness by Industry, 2024 to 2034

Figure 140: East Asia Market Attractiveness by Country, 2024 to 2034

Figure 141: Middle East and Africa Market Value (US$ Million) by Type, 2024 to 2034

Figure 142: Middle East and Africa Market Value (US$ Million) by System, 2024 to 2034

Figure 143: Middle East and Africa Market Value (US$ Million) by Industry, 2024 to 2034

Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034

Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Type, 2019 to 2034

Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Type, 2024 to 2034

Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Type, 2024 to 2034

Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by System, 2019 to 2034

Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by System, 2024 to 2034

Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by System, 2024 to 2034

Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by Industry, 2019 to 2034

Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by Industry, 2024 to 2034

Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by Industry, 2024 to 2034

Figure 157: Middle East and Africa Market Attractiveness by Type, 2024 to 2034

Figure 158: Middle East and Africa Market Attractiveness by System, 2024 to 2034

Figure 159: Middle East and Africa Market Attractiveness by Industry, 2024 to 2034

Figure 160: Middle East and Africa Market Attractiveness by Country, 2024 to 2034

Frequently Asked Questions

How Big is the Machine Vision Market in 2024?

The machine vision market is expected to be valued at USD 9.9 billion in 2024.

What is China’s Market Outlook?

The market in China is expected to progress at a CAGR of 8.5 % through 2034.

Which Type Segment Contributes More to the Machine Vision Market?

Within the type, the 1-D vision system segment is expected to register an 8.0% market CAGR from 2024 to 2034

What is the United States Market Outlook?

The United States market is expected to grow at an 8.3% CAGR from 2024 to 2034.

What is the Projected Market Value by 2034?

The global market is set to reach a valuation of around USD 21.6 billion by the end of 2034.

What Was the Historical CAGR for the Market?

The demand for machine vision system increased at a 10.7% CAGR from 2019 to 2023.

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