DELRAY BEACH, Fla., May 20, 2025 /PRNewswire/ -- The global machine vision market is expected to grow from USD 15.83 billion in 2025 to USD 23.63 billion in 2030, at a CAGR of 8.3% according to a new report by MarketsandMarkets. Governments worldwide support the adoption of various automation technologies for the development of the manufacturing sector. As process industries are a vital part of the manufacturing sector, governments worldwide are focused on bringing automation into the sector.
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Machine Vision Market Report Scope:
Report Coverage | Details |
Market Revenue in 2025 | $ 15.83 billion |
Estimated Value by 2030 | $ 23.63 billion |
Growth Rate | Poised to grow at a CAGR of 8.3% |
Market Size Available for | 2024-2030 |
Forecast Period | 2025-2030 |
Forecast Units | Value (USD Million/Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Component, Type, Deployment, Vision Type and Region |
Geographies Covered | North America, Europe, Asia Pacific, and Rest of World |
Key Market Challenge | Lack of awareness and high cost associated with machine vision systems |
Key Market Opportunities | Surging market demand for hybrid and electric vehicles |
Key Market Drivers | Growing emphasis on safety and improved product quality in industrial sector |
The process automation market is especially benefiting from government initiatives. For instance, in 2022, the Government of Singapore partnered with associations such as the Singapore Food Manufacturing Association (SFMA) and the Food Innovation & Resource Centre (FIRC) to deploy the latest automation technologies in the food & beverage industry. Industrial automation helps manufacturing firms mass-produce their products with minimum defects and superior quality, resulting in higher output and better productivity. Machine vision is one of the important systems required for industrial automation. Thus, the increasing government-led initiatives for factory automation worldwide are expected to boost the demand for machine vision and create growth opportunities for the market players.
Smart camera-based machine vision segment to register highest CAGR during forecast year
Smart camera-based machine vision systems consist of an embedded controller with integrated vision software directly connected to one or more cameras, which may differ in image resolution, size, and imaging rates. These systems are generally used for simple tasks such as monitoring and are easy to operate. Different types of smart camera technologies include 2D imaging, 3D sensing, ultrasonic, and infrared. Smart cameras offer a streamlined design that lowers system costs while maintaining functional capacity. When equipped with advanced processors, they can deliver processing performance comparable to that of PC-based systems, enabling them to handle complex machine vision tasks independently without external computing support. Companies manufacturing and distributing smart cameras for machine vision include Basler AG (Germany), Cognex Corporation (US), KEYENCE CORPORATION (US), and Teledyne Technologies Inc. (US).
Consumer product segment expected to register second-highest CAGR during forecast period
Electronics assembly uses machine vision to aid production and test circuitry. Key consumer product manufacturers increasingly deploy machine vision systems to improve quality and productivity. For example, Foxconn uses cameras by Microscan throughout its operations. Typical machine vision applications in this industry include cover glass assembly, touch panel lamination, and screen-printing alignment in display manufacturing. In mobile and wearable device assembly, which requires fast production ramp-up with quick product changeover, machine vision is used for pre-assembly insertion check, post-assembly verification, precision robot guidance, and serial number and bar code reading. Machine vision is also used in alignment, gauging, and machines tending for original equipment manufacturers (OEMs) and machine builders' display manufacturing and module assembly needs.
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Asia Pacific expected to register highest CAGR in machine vision market during forecast period
Asia Pacific is segmented into China, Japan, South Korea, India, Indonesia, Singapore, Australia, and the Rest of Asia Pacific. The strong growth of the economies of China and India and the massive shift to automation and intelligent technologies in different spheres is noteworthy. The machine vision industry in China is growing steadily due to the rising number of industrial automation projects, particularly in the automotive, electronics, and pharmaceutical sectors. India's machine vision market is booming due to government initiatives such as "Make in India" and the increasing need for quality inspection and process optimization in the manufacturing segment.
Major companies operating in the machine vision companies include Cognex Corporation (US), KEYENCE CORPORATION (Japan), Teledyne Technologies Inc. (US), Basler AG (Germany), and Omron Corporation (Japan).
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