The Global Machine Vision Cameras Market is Predict to reach $4.5 Billion by 2028, at a CAGR of 9.3%

Published Date: 20-Jan-2023

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Machine Vision Cameras Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Machine Vision Cameras Market size is expected to reach $4.5 billion by 2028, rising at a market growth of 9.3% CAGR during the forecast period.

The Automotive segment is showcasing a CAGR of 9% during (2022 - 2028). Machine vision (MV) is employed in various applications, principally inspections and robotic guiding, in the automotive industry. Robots use machine vision for much greater accuracy in critical tasks such as auto racing (picking parts out of racks), bin picking, and positioning parts (like doors and panels) for assembly. Machine vision uses embedded vision sensors to identify things in 2 or 3-dimensional space and fine-tune paths for the positions of the objects.

The CMOS Sensor-based Cameras segment acquired maximum revenue share in the Global Machine Vision Cameras Market by Sensor Type in 2021 thereby, achieving a market value of $3.5 billion by 2028. Although more expensive than CCD sensors, CMOS sensors provide several benefits. First of all, they are of higher quality than CCD sensors. However, the technology of the newest generation of CCD sensors drives them closer to CMOS sensors). Additionally, they have low-light vision adaptations. Low light levels won't cause any issues, so. Furthermore, they are energy-efficient and read data faster than conventional CCD sensors.

The Quality Assurance & Inspection segment has shown the growth rate of 9.7% during (2022 - 2028). For quality control applications, machine vision systems and cameras can be exceptionally proficient at various activities, including gauging, guiding, identification, and inspection. A degree of automation, reliability, consistency, and accuracy that is 24 hours a day and beyond the capacity of human perception is also made possible by machine vision cameras. Additionally, robots make extensive use of machine vision cameras, which are perfect for unpleasant, hazardous, or boring tasks for human workers.

The PC based Camera segment is generating highest revenue share in the Global Machine Vision Cameras Market by Platform Type in 2021 achieving a market value of $2.6 billion by 2028. Multiple camera applications may benefit from PC-based vision since it is more practical and affordable. General inspection applications for determining the presence of parts are among the numerous camera applications. Compared to using separate Smart cameras, using PC-based vision is more affordable and simpler because all cameras are connected back to the same interface.

The 3D segment is exhibiting a CAGR of 10% during (2022 - 2028). Multiple cameras are used in 3D machine vision systems to view the target objects' surroundings, location, and orientation. The devices may carry out numerous tasks thanks to their multiple cameras or laser displacement sensors. Systems that use laser displacement sensor technology may perform surface inspection tasks, such as volume and distance measurements, which makes it possible to identify shapes and create 3D images even with fewer cameras.

The Line Scan segment is leading the Global Machine Vision Cameras Market by Camera Type in 2021 thereby, achieving a market value of $2.1 billion by 2028. The fundamentally different designs of the two technologies account for why line-scan cameras are more suited than area-scan cameras for this kind of continuous activity. On the other hand, the lone row of light-sensitive pixels in line scan cameras are used to scan moving items at a high line frequency continuously.

The Asia Pacific market dominated the Global Machine Vision Cameras Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.6 billion by 2028. The Europe market is exhibiting a CAGR of 8.6% during (2022 - 2028). Additionally, The North America market would display a CAGR of 8.8% during (2022 - 2028).

Full Report: https://www.kbvresearch.com/machine-vision-cameras-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of ISRA Vision AG (Atlas Copco), Sick AG, Microsoft Corporation, Ametek, Inc., Cognex Corporation, Basler AG, Omron Corporation, Keyence Corporation, National Instruments Corporation, and Texas Instruments, Inc.

Global Machine Vision Cameras Market Segmentation

By End User

  • Manufacturing & Packaging
  • Automotive
  • Industrial
  • Healthcare
  • Others

By Sensor Type

  • CMOS Sensor-based Cameras
  • CCD Sensor-based Cameras

By Application

  • Measurement
  • Position Guidance
  • Quality Assurance & Inspection
  • Identification
  • Others

By Platform Type

  • PC based Camera
  • Smart Camera
  • Wireless Cameras & Wearable Cameras

By Vision Type

  • 2D
  • 3D
  • Others

By Camera Type

  • Line Scan
  • Area Scan
  • 3D Scan

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • ISRA Vision AG (Atlas Copco)
  • Sick AG
  • Microsoft Corporation
  • Ametek, Inc.
  • Cognex Corporation
  • Basler AG
  • Omron Corporation
  • Keyence Corporation
  • National Instruments Corporation
  • Texas Instruments, Inc.

Unique Offerings from KBV Research

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Machine Vision Cameras Market Future Scope & Opportunities 2022-2028

Europe Machine Vision Cameras Market Size & Growth Forecast 2022-2028

Asia Pacific Machine Vision Cameras Market Size, Share & Industry Outlook to 2028

LAMEA Machine Vision Cameras Market Growth, Trends & Forecasts 2022-2028

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