CHICAGO, UNITED STATES, July 12, 2023/EINPresswire.com/ -- The global 𝐦𝐚𝐜𝐡𝐢𝐧𝐞 𝐯𝐢𝐬𝐢𝐨𝐧 𝐜𝐚𝐦𝐞𝐫𝐚 𝐦𝐚𝐫𝐤𝐞𝐭 is expected to grow at a significant rate over the coming years, registering a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟗.𝟒% from 𝟐𝟎𝟐𝟑 𝐭𝐨 𝟐𝟎𝟑𝟏, and the global market is estimated to reach a valuation of 𝐔𝐒$ 𝟕.𝟖𝟖 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟏. In 𝟐𝟎𝟐𝟐, the global market generated a revenue of 𝐔𝐒$ 𝟑.𝟔𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧.

𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/request-sample/machine-vision-camera-market

The machine vision cameras market is gradually expanding, which will help automate some operations, cut down on the time and manpower needed for inspection and testing, and boost production and efficiency. Additionally, dangerous locations can be employed for machine vision cameras, allowing for remote inspection and removing the need for human interaction.

According to research published in the International Journal of Engineering Research & Technology, using machine vision cameras in manufacturing procedures can save up to 25% of costs. This is due to the fact that machine vision cameras can accurately and efficiently detect product flaws, eliminating the need for manual inspection and rework. In addition, according to research by the Association for Advancing Automation, 60% of manufacturers who used machine vision technology reported lower labor expenses and 90% of them said their productivity had increased. This exemplifies how manufacturers may save a lot of money by using machine vision cameras.

Worldwide, businesses are pushing toward automation by implementing cutting-edge technologies for more effective operations and processes. For years, the manufacturing industries have used cameras for quality control, but with technological improvements and AI, inspection, measurement, and microscopy applications have expanded. The machine vision camera market is being driven by the increasing adoption of cutting-edge technology across sectors.

𝐔𝐒𝐁 𝐈𝐧𝐭𝐞𝐫𝐟𝐚𝐜𝐞 𝐭𝐨 𝐂𝐚𝐩𝐭𝐮𝐫𝐞 𝟑𝟕% 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐒𝐡𝐚𝐫𝐞

The USB interface segment is anticipated to dominate the market with a market share of over 37%. The USB interface is a common option for machine vision cameras, providing plug-and-play simplicity, high-speed data transfer, and interoperability with different computer systems.

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐬 𝐭𝐡𝐞 𝐌𝐚𝐣𝐨𝐫 𝐄𝐧𝐝-𝐔𝐬𝐞𝐫 𝐨𝐟 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐕𝐢𝐬𝐢𝐨𝐧 𝐂𝐚𝐦𝐞𝐫𝐚

The automotive industry generates 31% of the global market revenue share. In order to increase production efficiency and cut costs, the automotive industry is using machine vision cameras for quality control, inspection, and assembly line automation. The use of machine vision cameras, such as parking cameras, CMS cameras for side views, and SVS cameras for a 360-degree view around the automobile, has grown owing to ongoing technical improvement. The market for machine vision cameras is anticipated to grow as ADAS and autonomous vehicles become more prevalent worldwide.

𝐆𝐚𝐮𝐠𝐢𝐧𝐠 𝐚𝐧𝐝 𝐌𝐞𝐚𝐬𝐮𝐫𝐞𝐦𝐞𝐧𝐭 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐂𝐚𝐩𝐭𝐮𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝟐𝟔% 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐒𝐡𝐚𝐫𝐞

According to recent industry research, gauging and measurement applications are expected to account for over 26% of machine vision cameras' revenue. This is a reflection of the growing need for machine vision tools that can precisely assess and quantify goods and operations.

Several variables influence the need for machine vision cameras in gauging and measurement applications. Precision and accuracy in industrial processes are two major motivators. Machine vision cameras offer a highly accurate approach to gauge and measure goods and operations to make sure they adhere to specifications.

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐂𝐚𝐩𝐭𝐮𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝟑𝟑% 𝐨𝐟 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐕𝐢𝐬𝐢𝐨𝐧 𝐂𝐚𝐦𝐞𝐫𝐚 𝐌𝐚𝐫𝐤𝐞𝐭

North America dominates the market, which is expected to account for more than 33% of market revenue. North America is rapidly overtaking Asia Pacific as the largest market, despite Asia Pacific now holding a 36% revenue share.

The robust and technologically sophisticated manufacturing sector in North America is one of the factors contributing to the continent's strong position. The strict laws and requirements for product quality and safety in North America are another factor driving the demand for machine vision cameras in industrial processes. The market in North America is also growing with the introduction of factory automation, which enhances the demand for precise and effective measuring and gauging.

𝐓𝐨𝐩 𝟗 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐂𝐚𝐩𝐭𝐮𝐫𝐞 𝐎𝐯𝐞𝐫 𝟒𝟑% 𝐨𝐟 𝐑𝐞𝐯𝐞𝐧𝐮𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐜𝐡𝐢𝐧𝐞 𝐕𝐢𝐬𝐢𝐨𝐧 𝐂𝐚𝐦𝐞𝐫𝐚 𝐌𝐚𝐫𝐤𝐞𝐭

The increased need for automated tools in many industries has created a highly competitive market. According to Astute Analytica, this market will reach $7.88 billion in market size by 2031, demonstrating a great deal of growth potential.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐌𝐨𝐫𝐞 𝐅𝐮𝐥𝐥 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/industry-report/machine-vision-camera-market

Few significant businesses dominate the market, with the top 9 controlling over 43% of the revenue share. With 8% and 7% revenue shares, respectively, Basler AG and Teledyne DALSA are the two biggest competitors. This emphasizes the significance of innovative product development, strategic alliances, and successful marketing approaches in achieving a competitive edge in this market.

Companies must perform research to find future trends and customer needs if they want to stay ahead of the competition. This can assist them in customizing their goods and services to match consumer needs and outperform their rivals. Additionally, businesses should look into new alliances and collaborations to increase their skills and attract more clients.

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

• Absolute Vision
• Adept Technology
• AE Robotics Co., Ltd.
• Allied Vision Technologies GmbH
• Basler AG
• Baumer
• CIS Corporation
• Cognex Corporation
• Dahua Technology Co., Ltd
• Eastman Kodak Company
• Electro Scientific Industries
• FRAMOS
• Hexagon AB
• Hikrobot Co., Ltd.
• ISRA Vision AG
• JAI
• Keyence Corporation
• Microscan Systems
• Mikrotron
• National Instruments Corporation
• OMRON Corporation
• Photron
• Qualcomm Technologies
• STEMMER IMAGING AG
• SVS-Vistek GmbH
• Teledyne FLIR LLC
• The Lucid Vision Labs
• Toshiba
• USS Vision
• Other prominent players

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐮𝐭𝐥𝐢𝐧𝐞

𝐓𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐦𝐚𝐜𝐡𝐢𝐧𝐞 𝐯𝐢𝐬𝐢𝐨𝐧 𝐜𝐚𝐦𝐞𝐫𝐚 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐜𝐮𝐬𝐞𝐬 𝐨𝐧 𝐏𝐫𝐨𝐝𝐮𝐜𝐭, 𝐈𝐧𝐭𝐞𝐫𝐟𝐚𝐜𝐞, 𝐑𝐞𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧, 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧, 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲, 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧.

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭

• Camera
• Accessories (Lenses)
• Services
o Maintenance & Support
o Consulting & Training
𝐁𝐲 𝐈𝐧𝐭𝐞𝐫𝐟𝐚𝐜𝐞
• Camera Link
• GigE
• USB
• CoaXPress
𝐁𝐲 𝐑𝐞𝐬𝐨𝐥𝐮𝐭𝐢𝐨𝐧
• VGA to 127M
• Main 1M-25M
𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
• Absence/presence detection
• Gauging & measurement
• Quality Inspection & Verification
o Bar code reading
o Color verification
o Defect detection
o Optical character recognition and verification
o Part verification
o Pattern matching
• Others
𝐁𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
• Automotive
• Electrical & electronics
• Aerospace & Defense
• Food & Beverage
• Healthcare & Pharmaceutical
• Metal processing
• Warehouse & logistics
• Retail & E-commerce
• Others
𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧
• North America
o The U.S.
o Canada
o Mexico
• Europe
• Western Europe
 The UK
 Germany
 France
 Italy
 Spain
• Rest of Western Europe
Eastern Europe
 Poland
 Russia
• Rest of Eastern Europe
Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• South Korea
• ASEAN
• Rest of Asia Pacific
Middle East & Africa (MEA)
• Saudi Arabia
• South Africa
• UAE
• Rest of MEA
South America
• Argentina
• Brazil
• Rest of South America

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/request-sample/machine-vision-camera-market

𝐀𝐛𝐨𝐮𝐭 𝐀𝐬𝐭𝐮𝐭𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐚:

Astute Analytica is a global analytics and advisory company that has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in-depth, and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the globe.

They are able to make well-calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment-wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of the best cost-effective, value-added package from us, should you decide to engage with us.

Aamir Beg
Astute Analytica
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