Industrial Vision Market 2018 By Product, Technology, Applications, Manufacturers | Industry expected to reach at USD 11 billion by 2023

“Industrial Vision Market”
Industrial Vision Market, By Product (Embedded), By Technology (Imaging), By Vertical (Consumer Electronics, Food & Packaging) – Forecast 2023

Market Highlights:

Automotive industry comprises major part in industrial vision market. The implementation of machine vision (MV) in automotive industry is used in a range of applications involving primary inspections and robotic guidance. Adoption of embedded vision sensors can be used to find objects in 2 or 3 dimensional space, adjust paths for the positions of the objects. Robots utilize machine vision for greater accuracy in critical activities, including auto raking (picking parts out of racks), bin picking and the positioning of parts (such as doors and panels) for assembly.

Machine vision systems efficiently perform various types of inspection; this includes surface inspection for cosmetic flaws (such as dings, dents and wrinkles in body panels as well as detection of functional flaws (such as irregularities on the bearing surfaces of automotive rocker arms or the correct spacing and size of mounting holes on disk brake pads. Machine vision systems also validate the presence or absence of parts and the accuracy of their shapes such as in the case of gears, which can have missing or malformed teeth.

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Major Key Players:

Teledyne Dalsa (U.S),

Cognex Corporation (U.S),

Pixelink (U.S),

JAI (U.S),

LMI Technologies (U.S),

Adept Technologies Inc. (U.S),

Basler AG (Germany),

Sick IVP (Germany),

MVTech Software GmBH (Germany), Omron Corporation (Japan) among others

According to MRFR, the global Industrial Vision Market is growing rapidly over 14% of CAGR and is expected to reach at USD 11 billion by the end of forecast period.

Regional Analysis:

By region, MRFR analysis shows that North America region accounts for largest market in global industrial vision market because of leading automation companies reaching out to small and medium sized consumers to explore automation industry. Asia-Pacific is also estimated to be fastest growing market because of major manufacturing hub present in the region. European region is one of the prominent player in global industrial vision market due to the country Germany, which is the major driver in the region because of advancement in automation industry.


By component segment, global industrial vision market consists of hardware and software. Hardware based industrial vision market comprise of image storage and transmission techniques that are primary components of many image-processing applications, especially for medical and military vision systems. Numerous image-processing systems offer some type of image compression to reduce bandwidth consumption or increase the capability of storage systems. In most of the machines non-time critical applications and image-compression algorithms are routinely implemented. However for embedded and high-speed image-processing applications and networks, solid-state image-compression techniques often comprise the best performance.

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Intended Audience

  • Investors and consultants
  • System Integrators
  • Government Organizations
  • Research/Consultancy firms
  • Technology solution providers
  • IT Solution Providers
  • Automotive Manufacturers
  • Original Equipment Manufacturers

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