United States Industrial Machine Vision Market Overview
United States Industrial Machine Vision Market Size was valued at USD 0.2 Billion in 2022. The Industrial Machine Vision Market industry is projected to grow from USD 0.3 Billion in 2023 to USD 0.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.30% during the forecast period (2024 - 2032). Increasing demand for automation in industries to improve productivity and reduce costs and advancements in imaging and machine vision technologies are the main market drivers anticipated to propel the Industrial Machine Vision Market in the United States.
Figure1: United States Industrial Machine Vision Market, 2018 - 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
United States Industrial Machine Vision Market Trends
Increasing demand for smart cameras propels market growth
Market CAGR for Industrial Machines Vision is driven by the increasing need for smart cameras. Smart cameras frequently assist a machine vision system by digitizing and sending images for computer processing. A smart camera contains a single integrated image sensor. They are typically designed specifically for particular applications that require a small footprint due to space constraints. Smart cameras are used for a variety of automated functions, including augmenting a multipart machine vision system and serving as autonomous image-processing devices. Smart cameras are regarded as an effective solution for streamlining automation methods or integrating vision systems into manufacturing operations since they are cost-effective and simple to utilize. Smart cameras are in high demand in industrial production, as manufacturers frequently employ them for inspection and quality assurance. As a result, rising demand for smart cameras will fuel growth in the machine vision systems market across a range of industrial applications.
In addition, machine vision systems run quality tests, direct machines, manage processes, identify components, scan codes, and provide useful data for production optimization. Modern production lines are advanced and automated. Machine vision allows manufacturing organizations to remain competitive while preventing the exodus of important technologies. Recognizing patterns and abnormalities in production processes early on with machine vision prepares the groundwork for the future smart factory. Machine vision ensures both production safety and end-product quality. Thus, driving the United States Industrial Machine Vision market revenue.
United States Industrial Machine Vision Market Segment Insights
Industrial Machine Vision Component Insights
The United States Industrial Machine Vision Market segmentation, based on Component, includes Hardware and Software. The software segment is expected to expand at the greatest CAGR between 2024 and 2032. Software components in the machine vision market have grown dramatically. They've become more complex, with superior image processing, pattern recognition, and deep learning capabilities. This progress has enabled machine vision systems to undertake complicated tasks in areas such as manufacturing, healthcare, and self-driving cars, resulting in market growth.
Figure 2: United States Industrial Machine Vision Market, By Component, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Industrial Machine Vision Product Insights
United States Industrial Machine Vision Product-based market segmentation covers PC-based and Smart Camera-based. In 2023, the PC-based sector accounted for more than 54% of the global market. The ever-increasing processing power of current computers benefits PC-based systems, enabling them to do more complex image processing and analysis tasks in real time. Additionally, compared to embedded systems, PC-based solutions provide more flexibility and customization choices. This makes it possible to customize the vision solution to fit certain industrial applications with different needs and levels of complexity.
Industrial Machine Vision Application Insights
The United States Industrial Machine Vision Market segmentation, based on Application, includes Measurement, Identification, Positioning and Guidance, Quality Assurance and Inspection and Others. The identification category led the market. Machine imaging is also utilized for identification in camera surveillance, traffic monitoring, and number plate recognition for security.
Industrial Machine Vision End-User Insights
The United States Industrial Machine Vision Market is segmented by End-User into Automotive, Pharmaceutical & Healthcare, Food and Beverage, Electronics & Semiconductor, Packaging, Process Control, Printing & Labeling, and Others. The food and beverage industry is expected to experience the fastest growth rate during the projection period. MV systems are widely utilized in the food and beverage sector for packaging and bottling activities. Following the food and beverage end-use industry segment, machine vision systems are expected to grow significantly in pharmaceuticals and chemicals, printing and labeling, and other industry verticals such as agriculture, rubber and plastic processing, solar paneling, machinery and equipment, and security and surveillance.
United States Industrial Machine Vision Country Insights
The United States accounted for a large market base for Machine Vision due to the growing adoption of machine vision system technology by vision companies. Exploration for new applications in a variety of industries is driving the machine vision market, which is being pushed by companies such as Google and Verizon. Additional causes include the rising need for automation, advances in image and machine vision technology, and the requirement for efficient and accurate quality control in industries such as manufacturing, automotive, and electronics. It enables businesses to streamline manufacturing processes, decrease errors, and improve overall operational efficiency.
United States Industrial Machine Vision Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their Type lines, which will help the Industrial Machine Vision Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new Type launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Industrial Machine Vision industry must offer cost-effective items.
Major players in the Industrial Machine Vision Market are attempting to increase market demand by investing in research and development operations, including National Instruments, Cognex Corporation, Microscan Systems, Allied Vision Technologies GmbH, Basler AG, Machine Vision Technology, Keyence Corporation, Cognex, Omron Corporation, Sony Corporation, Teledyne Technologies, Texas Instruments, Baumer Optronic, tordivel, MVTec Software, SICK, and ISRA VISION among others.
Key Companies in the Industrial Machine Vision Market include
United States Industrial Machine Vision Industry Developments
In May 2019, Stemmer Imaging increased its foothold in international markets by the acquisition of Infaimon S.L.
In April 2019, JDA Software, Inc. and Panasonic Corporation signed a joint venture agreement to expand sales of the companies' collaborative solutions for the Japanese manufacturing, logistics, and retail industries.
In February 2022, Basler AG is expanding its 3D imaging offering by adding an industrial-grade stereo camera series to its product portfolio. Robots outfitted with Basler stereo cameras can see their surroundings in real time. The five model variants are offered at basic distances of 65 and 160 millimeters in both monochrome and color. The cameras come with a pre-installed, flexible onboard software package appropriate for common robotics applications like object recognition and bin picking. This increases the demand for machine vision systems.
Industrial Machine Vision Market Segmentation
Industrial Machine Vision Component Outlook
Industrial Machine Vision Product Outlook
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PC-based
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Smart Camera-based
Industrial Machine Vision Application Outlook
Industrial Machine Vision End-User Outlook
| Report Attribute/Metric |
Details |
| Market Size 2022 |
USD 0.2 Billion |
| Market Size 2023 |
USD 0.3 Billion |
| Market Size 2032 |
USD 0.8 Billion |
| Compound Annual Growth Rate (CAGR) |
13.30% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2019-2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Component, Product, Application, End-User, and Region |
| Countries Covered |
United States |
| Key Companies Profiled |
National Instruments, Cognex Corporation, Microscan Systems, Allied Vision Technologies GmbH, Basler AG, Machine Vision Technology, Keyence Corporation, Cognex, Omron Corporation, Sony Corporation, Teledyne Technologies, Texas Instruments, Baumer Optronic, tordivel, MVTec Software, SICK, and ISRA VISION among others. |
| Key Market Opportunities |
Expansion into emerging industries such as healthcare, agriculture, and logistics, where machine vision can be applied for various applications like medical imaging, crop monitoring, and package inspection. |
| Key Market Dynamics |
Rising adoption of Industry 4.0 and smart manufacturing concepts, driving the integration of machine vision systems for real-time monitoring and decision-making. |
Frequently Asked Questions (FAQ) :
The United States Industrial Machine Vision Market size was valued at USD 0.3 Billion in 2023.
The market is projected to grow at a CAGR of 13.30% during the forecast period, 2024-2032.
The key players in the market are Teledyne Technologies, Texas Instruments, Baumer Optronic, tordivel, MVTec Software, SICK, and ISRA VISION among others.
The PC-based category dominated the market in 2023.
The software had the largest share in the market.
