Automation Fuels Expansion In Industrial Machine Vision Market: A Key Catalyst Accelerating Industrial Machine Vision Market Growth in 2025

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Industrial Machine Vision Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the industrial machine vision has seen a robust growth in the last few years. The market is projected to expand from $11.92 billion in 2024 to $12.89 billion in 2025, registering a Compound Annual Growth Rate (CAGR) of 8.1%. Factors such as the necessity for quality control and inspection, developments in computing capabilities, reduction in costs leading to enhanced affordability, and amalgamation with industry 4.0 and automation were instrumental in driving growth in this historical duration.

Industrial Machine Vision Market Size Forecast: What's the Projected Valuation by 2029?
The market for industrial machine vision is projected to undergo substantial expansion in the coming years, with an estimated valuation of $17.47 billion by 2029, representing a compound annual growth rate (CAGR) of 7.9%. This anticipated growth within the forecasted timeline can be tied to the application of robot vision in collaborative robotics (cobots), the use of edge computing for instantaneous processing, and integration with the Internet of Things (IOT) and connectivity. Notable trends within this period will include the growing acceptance of explainable AI, advancements in hyperspectral image capturing, synergy with augmented reality (AR), and virtual reality (VR), the use of edge AI for immediate decision making, alongside an emphasis on sustainability and energy efficiency.

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What Are the Drivers Transforming the Industrial Machine Vision Market?
The expanding need for automation is set to accelerate the development of the industrial machine vision market. Automation involves the use of technology and machinery to carry out operations without the need for direct human involvement. The need for automation is fueled by efficiency, cost-effectiveness, quality control, and technological advancements. With the aid of automation, industrial machine vision systems can enhance efficiency at work, improve inventory management, identify production process flaws, and facilitate quicker, more accurate, and more productive manufacturing processes. For example, in October 2022, the International Federation of Robotics, a non-profit organization based in Germany, reported that the number of industrial robots installed in the Americas saw an upward trend, rising by 31% to 50,712 units compared to the previous year. Consequently, this ascending demand for automation is fostering the growth of the industrial machine vision market.

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What Long-Term Trends Will Define the Future of the Industrial Machine Vision Market?
Leading corporations in the industrial machine vision sector are concentrating their efforts on creating ground-breaking machine vision solutions such as machine vision cameras to improve their proficiency in machine vision solution provision. These solutions target industrial automation and machine vision and address the demand for advanced imaging capabilities in compact designs. For instance, Nikon Corporation, a reputed digital camera manufacturer based in Japan, unveiled a new ultra-compact machine vision camera named 'LuFact' in July 2022. The LuFact camera is innovatively designed with a distinct camera head that receives interface conversion units and processes images. It integrates image processing technology and can decrease the heat in existing machinery and production lines by installing the camera head and I/F conversion unit separately. This creative camera is custom-made for uses that involve high-performance imaging in confined spaces or situations where compactness is critical.

Which Segments in the Industrial Machine Vision Market Offer the Most Profit Potential?
The industrial machine vision market covered in this report is segmented -

1) By Component: Hardware, Software
2) By Product: PC-Based, Smart Camera-Based
3) By Technology: Laser, Imaging, Augmented
4) By Application: Measurement, Identification, Positioning And Guidance, Quality Assurance And Inspection, Other Applications
5) By End-User: Automotive, Pharmaceutical And Healthcare, Food And Beverage, Electronics And Semiconductor, Packaging, Process Control, Printing And Labeling, Other End-Users

Subsegments:
1) By Hardware: Cameras, Lenses, Frame Grabbers, Lighting Systems, Processors, Industrial PCs
2) By Software: Imaging And Image Processing Software, Machine Learning And Artificial Intelligence (AI) Software, Vision System Integration Software, Data Management And Analysis Software

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Which Firms Dominate the Industrial Machine Vision Market by Market Share and Revenue in 2025?
Major companies operating in the industrial machine vision market are Siemens AG, Sony Corporation, Panasonic Corporation, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Group, Emerson Electric Co., Rockwell Automation Inc., Keyence Corporation, Omron Corporation, Fanuc Corporation, Zebra Technologies, Synopsys Inc., Coherent Inc., Sick AG, FLIR Systems, Cognex Corporation, Datalogic S.p.A., Balluff Automation India Pvt. Ltd., National Instruments, LMI Technologies Inc., Basler AG, Vitronic GmbH, Baumer Group

Which Regions Offer the Highest Growth Potential in the Industrial Machine Vision Market?
North America was the largest region in the industrial machine vision market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial machine vision market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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