[188 Pages Report] The Computer Vision in Manufacturing Market size was estimated at USD 6.95 billion in 2023 and expected to reach USD 8.00 billion in 2024, at a CAGR 15.28% to reach USD 18.83 billion by 2030.
Computer vision in manufacturing is a technology that uses digital images and video to provide automated visual inspection and analysis. It enables machines to accurately detect, classify, and track objects in the environment. Computer vision is used for various tasks such as defect detection, quality control, automation of assembly lines, robotic navigation, and more. Computer vision systems are becoming more popular and widely adopted as manufacturers strive to increase efficiency and reduce costs. The inclination of industrial automation and the expansion of the manufacturing sector has considerably surged the usage of computer vision systems. On the other hand, the complexities related to deployment, the cost-intensive nature of technology, and the limited availability of skilled personnel hinder the adoption of the technology. However, continuous advancements in computer vision systems and utilization of robotics technology, and investments in smart factories worldwide are expected to proliferate the use of computer vision in manufacturing in the coming years.
Regional Insights
The large manufacturing sector in China, the U.S., Germany, Italy, Canada, and other major economies and the year-on-year growth of the global production output from the industrialized economies supports the adoption of computer vision in manufacturing. The expansion of automotive manufacturing backed by electric vehicle initiatives and a surge in pharmaceutical research to lessen the burden of communicable and non-communicable disorders have stimulated rapid innovations in digital technologies and their deployment. In addition, Industry 4.0 policies launched in South Korea, India, the U.S., Saudi Arabia, Germany, France, China, Japan, and other countries provide huge scope for the utilization of computer vision systems as production facilities adopt lean manufacturing approaches and demand for smart manufacturing rises. Although high energy prices and disruptions in logistical operations of raw materials and components adversely affect the operation of manufacturing sectors, changes made in regulatory frameworks and initiatives launched to boost domestic production capacities coupled with the development of new products by market players are expected to encourage the use of computer vision in manufacturing in the near future.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Computer Vision in Manufacturing Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Computer Vision in Manufacturing Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Computer Vision in Manufacturing Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Artemis Vision, Basler AG, Baumer Holding AG, Clarifai, Inc., Cognex Corporation, Fastec Imaging Corporation, Fujitsu Limited, General Electric Company, Google LLC by Alphabet, Inc., Heliovision, IFM Electronic GmbH, Industrial Video & Control Co., Intel Corporation, International Business Machines Corporation, ISRA VISION GmbH, Keyence Corporation, Microsoft Corporation, ML2Grow, Nexus Integra, NVIDIA Corporation, OMRON Corporation, Oracle Corporation, Sick AG, Siemens AG, Softengi, Teledyne Technologies Incorporated, Xometry Europe GmbH, and Zebra Technologies Corporation.
Market Segmentation & Coverage
This research report categorizes the Computer Vision in Manufacturing Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Product
- PC-based Machine Vision Systems
- Smart Camera-Based Vision Systems
- Component
- Hardware
- Cameras
- Frame Grabbers
- Image Sensors
- LED Lighting
- Optics
- Processors
- Software
- Hardware
- Application
- Identification
- Measurement
- Positioning & Guidance
- Predictive Maintenance
- Quality Assurance & Inspection
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Computer Vision in Manufacturing Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Computer Vision in Manufacturing Market?
- What are the technology trends and regulatory frameworks in the Computer Vision in Manufacturing Market?
- What is the market share of the leading vendors in the Computer Vision in Manufacturing Market?
- Which modes and strategic moves are suitable for entering the Computer Vision in Manufacturing Market?
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