Frequently asked questions
In 2022, the market for machine vision and inspection systems was estimated to be worth USD 19.3 billion.
The market for machine vision and inspection systems is anticipated to increase at a CAGR of 12.80% from 2023 to 2030, reaching USD 50.58 billion in 2030.
Hardware is the leading segment by component.
3D Machine Vision is the leading segment by technology.
The quality control and inspection segment will experience the highest CAGR throughout the estimated period.
North America dominated the machine vision and inspection system market.
The top players include Basler AG, Cognex Corporation, Adept Technology, Inc., Omron Corporation, Edmund Optics Inc., ISRA VISION AG, Microscan Systems, Inc., Panasonic Corporation, Perceptron Inc., Sony Corporation, and Teledyne Technologies Incorporated.
The rise of e-commerce, quality assurance, higher productivity, industry 4.0 and automation, and technical improvements are the main factors driving the machine vision and inspection system market.
The challenges limiting the growth of the machine vision and inspection system market are high initial costs, lack of skilled workforce, and cybersecurity risks.
The market’s main opportunities are customization for particular applications, the development of collaborative robots, and edge computing solutions.