Enjoy complimentary customisation on priority with our Enterprise License!
The Machine Vision (MV) market size is projected to reach a value of USD 8.95 billion, at a CAGR of 10.87% between 2023 and 2028. The market for machine vision systems is experiencing notable growth, driven by several key factors. Significant cost savings in operations due to advanced process control technologies are boosting adoption across various industries. The escalating demand in the Asia-Pacific (APAC) region, driven by industrialization and infrastructure development, presents a substantial growth opportunity for companies offering systems such as industrial machine vision. Additionally, there is a rise in demand for machine vision systems from the APAC region, reflecting its growing industrial base and technological advancements. The automotive industry is a major contributor to this trend, with increasing demand for machine vision systems to enhance manufacturing precision and quality control. These systems are crucial for automating inspections and improving operational efficiency, making them highly sought after in both emerging and established markets. As a result, the market continues to expand, offering new opportunities for innovation and development.
_market_size_abstract_2023_v1.jpg.webp?v4.1.20)
Market Forecast 2024-2028
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.