North America Machine Vision Market – Size, Outlook, Trends and Forecast (2024

North America Machine Vision Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Machine vision is a technology in which various methods used to provide imaging-based automatic inspection and analysis for applications as automatic inspection, process control and robot guidance usually in industry. These are having the capability to process a significant amount of information in a fraction of seconds, which is majorly driving the market.

North America Machine Vision Market Segments Size & Growth:

Machine vision market is valued at $2.584 Billion in 2017 and is expected to reach $4.451 Billion by 2024 at a CAGR of 7.80%. The critical growth factors were influencing the market growth such as a need for quality inspection & automation, increasing adoption of 3D machine vision systems, growing demand for vision-guided robotics systems and rise in the order of automation in industrial applications. Demand for miniaturisation of machine vision systems is providing opportunities in the market. However, essential requirement to enable entry of machine vision in newer markets is a significant restraint in the market.

North America Machine Vision Market Segments Share:

North America machine vision market share as a component is classified into software and hardware. Among which software is dominating the market and growing at a higher CAGR over the forecast period. The smart camera is the dominant segment of its applications in 3D imaging has a high demand in which this application has driven machine vision market.

Machine vision by type is categorised into 1D, 2D and 3D. There is a high demand for 3D imaging in a production line, and it is growing trend in the industries.

North America Machine Vision Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Various organisations and enterprises have adopted 3d imaging technologies, and due to this traction in 3D imaging in the market, machine vision is majorly being driven. Growing awareness among people of 3D imaging and demand for high-resolution visualisation is driving 3D imaging in machine vision market.

Based on product, Machine vision market is marketed into PC based machine vision and

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North America Machine Vision Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

smart camera based machine vision. Among which PC based machine vision systems accounted for the most significant share owing to the regulatory mandates in manufacturing industries. PC based systems have the higher processing power and are capable of handling complex operations at a relative speed with efficiency. These features are majorly driving the PC based machines on the market.

Applications in machine vision include quality assurance and inspection, positioning and guidance, measurement and identification. There is a high demand for quality products along with enhancements inaccuracy, high manufacturing capacity and the shortage of skilled labour is driving the market for the quality assurance and inspection application.

Machine vision on end users is categorised into automotive, electronics and semiconductors, consumer electronics, pharmaceutical, food & processing, packaging and others. Various Industries propelling the growth such as Food & packaging, automotive, medicine, and other industrial verticals owing to abilities such as improved detection of objects, enhanced analysis, monitoring tolerance, and accurate component measuring. These features are expected to boost the global market growth over the forecast period.

Geographical analysis of various regions U.S, Canada, Mexico and others. Profitable integration of cloud technology with

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