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ASIA-PACIFIC MACHINE VISION MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Asia-Pacific Machine Vision Market by Type (1D Machine Vision, 2D Machine Vision, 3D Machine Vision) Market by Component (Hardware (ASMV, Cameras, Sensors, Illuminations, Processors, Other Hardware Components), Software) Market by Application (Inspection, Gauging, Guidance, Identification, Other Applications) Market by Industry Vertical (Automotive, Electronics & Semiconductor, Healthcare, Food & Packaging, Other Industry Verticals) by Geography


MARKET OVERVIEW

The Asia-Pacific machine vision market is evaluated to generate a CAGR of 6.34% during the forecasting period of 2023-2032, acquiring a revenue share of $8941.48 million by 2032.

The market growth of the region is fuelled by factors such as high demand from the industrial sector, given the rise in outsourcing of manufacturing activities to the Asia-Pacific as well as the implementation of various government initiatives. However, the machine vision market growth in the Asia-Pacific will likely be obstructed by the high costs of implementation.

Asia-Pacific Machine Vision Market

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The Asia-Pacific machine vision market growth study covers the analysis of China, Japan, India, South Korea, Singapore, Australia & New Zealand, and Rest of Asia-Pacific. Manufacturing stands as a crucial pillar of China’s economy, which is presently undergoing rapid transformation. However, with an aging population and escalating labor costs, the conventional reliance on inexpensive migrant workers is no longer sustainable. Consequently, many low-end manufacturing firms, including those in the automotive and electronics sectors, are relocating to Southeast Asia to reduce expenses. In the upcoming five years, the automotive industry is anticipated to expand at an annual rate of 6-7%. Meanwhile, China is ambitiously planning to establish a vast semiconductor industry, with an estimated investment of $18 billion to acquire semiconductor technology and companies.

The 14th Five-Year Plan of Smart Manufacturing envisions that by 2025, more than 70% of large-scale Chinese enterprises will be digitalized, and the construction of over 500 demonstration manufacturing facilities will take place nationwide. Despite accounting for 25% of global production activities, China’s manufacturing productivity remains one-fifth of developed economies. To address this, companies are increasingly embracing Industry 4.0 to enhance productivity and overall efficiency.

On the other hand, owing to its highly developed robotic sector and automation technology, Japan has earned recognition as one of the global leaders in robotics and manufacturing automation. Moreover, Japan’s unemployment rate has witnessed a decline of 2.5%, largely attributed to the aging population. In response to this demographic shift, businesses are increasing the implementation of automation as well as ICS-related tools. These factors, in turn, are set to facilitate the machine vision market growth in the Asia-Pacific over the forecast period. 

The Asia-Pacific machine vision market is segmented into type, component, application, and industry vertical. The application segment includes gauging, inspection, guidance, identification, and other applications. A machine vision system plays a critical role in inspecting and ensuring the quality of products. It is designed to identify defects, contaminants, functional flaws, and other irregularities in manufactured items. 

For instance, it can inspect medicine tablets, verify icons or pixel presence on displays, and measure backlight contrast on touch screens. Additionally, machine vision is valuable in detecting product completeness, ensuring a match between the product and its packaging in industries like food and pharmaceuticals. Inspection-focused machine vision systems continuously monitor the material under observation. Using statistical analysis, they automatically locate potential flaws on the material’s surface and cluster them based on similarities in contrast, texture, and shape. 

Eminent companies operating in the Asia-Pacific machine vision market include Omron Corporation, Keyence Corporation, etc.

Omron Corporation, headquartered in Japan, provides automation components, equipment, as well as systems for social infrastructure systems, industrial automation, environmental, and healthcare solutions. The company also offers products, including relays, sensors, automation systems, safety devices, motion and drives, switches, control devices, driver monitor sensors, tire pressure monitoring systems, electric power steering, road management systems, and integrated control units.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Type, Component, Application, Industry Vertical
Countries AnalyzedChina, Japan, India, South Korea, Singapore, Australia & New Zealand, and Rest of Asia-Pacific
Companies AnalyzedCognex Corporation, USS Vision, Allied Vision Technologies GmbH, Basler AG, Teledyne Technologies Incorporated, Baumer Electric AG, Datalogic SpA, Keyence Corporation, Optotune AG, ISRA Vision AG, National Instruments Corporation, Jai AS, Perceptron Inc, Omron Corporation

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON ASIA-PACIFIC MACHINE VISION MARKET
    5. MAJOR MARKET FINDINGS
      1. RISING NEED FOR PROPER DEFECT DETECTION
      2. 3D MEASUREMENT IS THE FASTEST-EVOLVING TYPE
      3. GROWING AUTOMATION IN INDUSTRIAL APPLICATIONS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. GROWING NEED FOR SMART FACTORIES
      2. BROADENING APPLICATIONS OF MV SYSTEMS
      3. EXTENDING REQUIREMENTS FOR EFFICIENT DEFECT DETECTION
    2. KEY RESTRAINTS
      1. INADEQUATE EXPERTISE
      2. ABSENCE OF AWARENESS ABOUT MV SYSTEM BENEFITS
      3. IMPLEMENTATION DIFFICULTIES 
      4. LACK OF STANDARDIZATION
  4. KEY ANALYTICS
    1. KEY MARKET TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET CONCENTRATION ANALYSIS
    5. KEY BUYING CRITERIA
      1. ACCURACY
      2. COST EFFECTIVENESS
      3. FLEXIBILITY
  5. MARKET BY TYPE
    1. 1D MACHINE VISION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. 2D MACHINE VISION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. 3D MACHINE VISION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  6. MARKET BY COMPONENT
    1. HARDWARE
      1. ASMV
        1. MARKET FORECAST FIGURE
        2. SEGMENT ANALYSIS
      2. CAMERAS
        1. MARKET FORECAST FIGURE
        2. SEGMENT ANALYSIS
      3. SENSORS
        1. MARKET FORECAST FIGURE
        2. SEGMENT ANALYSIS
      4. ILLUMINATIONS
        1. MARKET FORECAST FIGURE
        2. SEGMENT ANALYSIS
      5. PROCESSORS
        1. MARKET FORECAST FIGURE
        2. SEGMENT ANALYSIS
      6. OTHER HARDWARE COMPONENTS
        1. MARKET FORECAST FIGURE
        2. SEGMENT ANALYSIS
    2. SOFTWARE
  7. MARKET BY APPLICATION
    1. INSPECTION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. GAUGING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. GUIDANCE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. IDENTIFICATION
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER APPLICATIONS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  8. MARKET BY INDUSTRY VERTICAL
    1. AUTOMOTIVE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    2. ELECTRONICS & SEMICONDUCTOR
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    3. HEALTHCARE
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    4. FOOD & PACKAGING
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
    5. OTHER INDUSTRY VERTICALS
      1. MARKET FORECAST FIGURE
      2. SEGMENT ANALYSIS
  9. GEOGRAPHICAL ANALYSIS
    1. ASIA-PACIFIC
      1. MARKET ESTIMATES & SIZES
      2. ASIA-PACIFIC MACHINE VISION MARKET DRIVERS
      3. ASIA-PACIFIC MACHINE VISION MARKET CHALLENGES
      4. KEY PLAYERS IN ASIA-PACIFIC MACHINE VISION MARKET
      5. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA MACHINE VISION MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN MACHINE VISION MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA MACHINE VISION MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA MACHINE VISION MARKET SIZE & OPPORTUNITIES
        5. SINGAPORE
          1. SINGAPORE MACHINE VISION MARKET SIZE & OPPORTUNITIES
        6. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND MACHINE VISION MARKET SIZE & OPPORTUNITIES
        7. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC MACHINE VISION MARKET SIZE & OPPORTUNITIES
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. ALLIED VISION TECHNOLOGIES GMBH
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      2. BASLER AG
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      3. BAUMER ELECTRIC AG
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      4. COGNEX CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      5. DATALOGIC SPA
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      6. ISRA VISION AG
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      7. JAI AS
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      8. KEYENCE CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      9. NATIONAL INSTRUMENTS CORPORATION (NI)
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      10. OMRON CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      11. OPTOTUNE AG
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      12. PERCEPTRON INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      13. TELEDYNE TECHNOLOGIES INCORPORATED
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      14. USS VISION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – MACHINE VISION

TABLE 2: ASIA-PACIFIC MACHINE VISION MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 3: ASIA-PACIFIC MACHINE VISION MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: ASIA-PACIFIC MACHINE VISION MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC MACHINE VISION MARKET, BY COMPONENT, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC MACHINE VISION MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC MACHINE VISION MARKET, BY HARDWARE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC MACHINE VISION MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC MACHINE VISION MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC MACHINE VISION MARKET, BY INDUSTRY VERTICAL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 11: ASIA-PACIFIC MACHINE VISION MARKET, BY INDUSTRY VERTICAL, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: ASIA-PACIFIC MACHINE VISION MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

TABLE 13: ASIA-PACIFIC MACHINE VISION MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 14: KEY PLAYERS OPERATING IN ASIA-PACIFIC MACHINE VISION MARKET

TABLE 15: LIST OF MERGERS & ACQUISITIONS

TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 17: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: PROCESS OF MACHINE VISION

FIGURE 2: KEY MARKET TRENDS

FIGURE 3: PORTER’S FIVE FORCES ANALYSIS

FIGURE 4: GROWTH PROSPECT MAPPING FOR ASIA-PACIFIC

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: KEY BUYING CRITERIA

FIGURE 7: ASIA-PACIFIC MACHINE VISION MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 8: ASIA-PACIFIC MACHINE VISION MARKET, BY 1D MACHINE VISION, 2023-2032 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC MACHINE VISION MARKET, BY 2D MACHINE VISION, 2023-2032 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC MACHINE VISION MARKET, BY 3D MACHINE VISION, 2023-2032 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC MACHINE VISION MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2022

FIGURE 12: ASIA-PACIFIC MACHINE VISION MARKET, BY HARDWARE, 2023-2032 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC MACHINE VISION MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2022

FIGURE 14: ASIA-PACIFIC MACHINE VISION MARKET, BY ASMV, 2023-2032 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC MACHINE VISION MARKET, BY DEF1, 2023-2032 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC MACHINE VISION MARKET, BY SENSORS, 2023-2032 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC MACHINE VISION MARKET, BY ILLUMINATIONS, 2023-2032 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC MACHINE VISION MARKET, BY PROCESSORS, 2023-2032 (IN $ MILLION)

FIGURE 19: ASIA-PACIFIC MACHINE VISION MARKET, BY OTHER HARDWARE COMPONENTS, 2023-2032 (IN $ MILLION)

FIGURE 20: ASIA-PACIFIC MACHINE VISION MARKET, BY SOFTWARE, 2023-2032 (IN $ MILLION)

FIGURE 21: ASIA-PACIFIC MACHINE VISION MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 22: ASIA-PACIFIC MACHINE VISION MARKET, BY INSPECTION, 2023-2032 (IN $ MILLION)

FIGURE 23: ASIA-PACIFIC MACHINE VISION MARKET, BY GAUGING, 2023-2032 (IN $ MILLION)

FIGURE 24: ASIA-PACIFIC MACHINE VISION MARKET, BY GUIDANCE, 2023-2032 (IN $ MILLION)

FIGURE 25: ASIA-PACIFIC MACHINE VISION MARKET, BY IDENTIFICATION, 2023-2032 (IN $ MILLION)

FIGURE 26: ASIA-PACIFIC MACHINE VISION MARKET, BY OTHER APPLICATIONS, 2023-2032 (IN $ MILLION)

FIGURE 27: ASIA-PACIFIC MACHINE VISION MARKET, GROWTH POTENTIAL, BY INDUSTRY VERTICAL, IN 2022

FIGURE 28: ASIA-PACIFIC MACHINE VISION MARKET, BY AUTOMOTIVE, 2023-2032 (IN $ MILLION)

FIGURE 29: ASIA-PACIFIC MACHINE VISION MARKET, BY ELECTRONICS & SEMICONDUCTOR, 2023-2032 (IN $ MILLION)

FIGURE 30: ASIA-PACIFIC MACHINE VISION MARKET, BY HEALTHCARE, 2023-2032 (IN $ MILLION)

FIGURE 31: ASIA-PACIFIC MACHINE VISION MARKET, BY FOOD & PACKAGING, 2023-2032 (IN $ MILLION)

FIGURE 32: ASIA-PACIFIC MACHINE VISION MARKET, BY OTHER INDUSTRY VERTICALS, 2023-2032 (IN $ MILLION)

FIGURE 33: ASIA-PACIFIC MACHINE VISION MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN%)

FIGURE 34: CHINA MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 35: JAPAN MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 36: INDIA MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 37: SOUTH KOREA MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 38: SINGAPORE MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 39: AUSTRALIA & NEW ZEALAND MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

FIGURE 40: REST OF ASIA-PACIFIC MACHINE VISION MARKET, 2023-2032 (IN $ MILLION)

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