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CANADA MACHINE VISION MARKET FORECAST 2023-2030

SCOPE OF THE REPORT

Canada 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)

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MARKET OVERVIEW

The Canada machine vision market is forecasted to record a CAGR of 7.17% during the projection years of 2023-2030, capturing a revenue share of $526.67 million by 2030.

In Canada, manufacturers recognize the importance of innovation and technology investments to maintain competitiveness in a landscape marked by rising input and labor costs, as well as stiff competition from global manufacturing giants. Staying ahead necessitates continuous technological advancements to preserve operating margins.

The automotive sector plays a vital role in Canada’s manufacturing industry, boasting over five heavy-duty assembly plants, more than 540 OEM parts manufacturers, 400 dealerships, and numerous other automotive-related industries. This sector alone contributes approximately 10% of all vehicles produced in North America, solidifying its position as the manufacturing industry’s biggest contributor.

Overall, the manufacturing industry contributes approximately 11% to Canada’s GDP and remains a leading investor in research and development as well as the adoption of cutting-edge technologies. Notably, The National Research Council of Canada Industrial Research Assistance Program actively promotes collaboration between Canadian and United Kingdom SMEs to tackle key challenges in advanced manufacturing processes. These strategic partnerships aim to identify broader opportunities for Canada-United Kingdom collaboration, leveraging the advanced manufacturing capabilities of each country. Hence, the aforementioned factors are anticipated to proliferate the Canada machine vision market growth during the forecasted period.

Canada Machine Vision Market

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The Canada machine vision market is segmented into type, component, application, and industry vertical. The industry vertical segment includes automotive, healthcare, electronics & semiconductor, food & packaging, and other verticals. The automotive industry’s growing reliance on automation serves as a significant driving force behind the widespread adoption of machine vision systems. As one of the most fiercely competitive sectors globally, automotive manufacturers continually introduce newer and more efficient vehicle models. Meeting the demands of such an industry requires a substantial level of automation, made possible by sophisticated machine vision systems tailored to suit all automated requirements.

These systems, including vision-guided robots, play a crucial role across the entire automotive manufacturing process – from inspecting engines, tires, and electronics to assembling panels into the final vehicle. Machine vision plays a pivotal role in guiding and inspecting robots, enabling seamless automation in the industry. The integration of advanced machine vision technology in the automotive sector also ensures higher precision, efficiency, and quality, positioning manufacturers to meet evolving consumer needs and maintain their competitive edge. Hence, as the demand for commercial and electric vehicles continues to rise, the market for machine vision in Canada is also expected to experience significant growth during the forecast period.

Some of the top firms operating in the Canada machine vision market are National Instruments Corporation, Jai AS, etc.

National Instruments Corporation, headquartered in the United States, manufactures, designs, and distributes tools to engineers as well as scientists. In addition to offering a suite of hardware, software products, and related driver hardware and software products for testing, the company also provides hardware services & maintenance, coupled with software maintenance services.

The company caters to various applications and industries such as automated test equipment, continuous process manufacturing, advanced research, medical research/pharmaceutical, government/defense, commercial aerospace, automotive, computers and electronics, and others. It operates in the Americas, Asia-Pacific, Europe, and the Middle East & Africa.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2030
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Type, Component, Application, Industry Vertical
Countries AnalyzedCanada
Companies AnalyzedCognex Corporation, USS Vision, Allied Vision Technologies GmbH, Basler AG, Teledyne Technologies Incorporated, Datalogic SpA, Keyence Corporation, National Instruments Corporation, Jai AS, Perceptron Inc, Omron Corporation

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS
    4. KEY GROWTH ENABLERS
    5. KEY CHALLENGES
    6. MAJOR MARKET FINDINGS
  3. KEY ANALYTICS
    1. CRISIS SCENARIO ANALYSIS
      1. IMPACT OF COVID-19 ON MACHINE VISION MARKET
    2. PESTLE ANALYSIS
      1. POLITICAL
      2. ECONOMICAL
      3. SOCIAL
      4. TECHNOLOGICAL
      5. LEGAL
      6. ENVIRONMENT
    3. KEY MARKET TRENDS
    4. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    5. MARKET CONCENTRATION ANALYSIS
    6. KEY BUYING CRITERIA
      1. ACCURACY
      2. COST EFFECTIVENESS
      3. FLEXIBILITY
  4. 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
  5. 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
  6. 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
  7. 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
  8. 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. COGNEX CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      4. DATALOGIC SPA
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      5. JAI AS
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      6. KEYENCE CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      7. NATIONAL INSTRUMENTS CORPORATION (NI)
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      8. OMRON CORPORATION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      9. PERCEPTRON INC
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      10. TELEDYNE TECHNOLOGIES INCORPORATED
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST
      11. USS VISION
        1. COMPANY OVERVIEW
        2. PRODUCTS LIST

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – MACHINE VISION

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

TABLE 3: CANADA MACHINE VISION MARKET, BY TYPE, FORECAST YEARS, 2023-2030 (IN $ MILLION)

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

TABLE 5: CANADA MACHINE VISION MARKET, BY COMPONENT, FORECAST YEARS, 2023-2030 (IN $ MILLION)

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

TABLE 7: CANADA MACHINE VISION MARKET, BY HARDWARE, FORECAST YEARS, 2023-2030 (IN $ MILLION)

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

TABLE 9: CANADA MACHINE VISION MARKET, BY APPLICATION, FORECAST YEARS, 2023-2030 (IN $ MILLION)

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

TABLE 11: CANADA MACHINE VISION MARKET, BY INDUSTRY VERTICAL, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 12: LIST OF MERGERS & ACQUISITIONS

TABLE 13: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 14: 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: KEY BUYING CRITERIA

FIGURE 5: CANADA MACHINE VISION MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 6: CANADA MACHINE VISION MARKET, BY 1D MACHINE VISION, 2023-2030 (IN $ MILLION)

FIGURE 7: CANADA MACHINE VISION MARKET, BY 2D MACHINE VISION, 2023-2030 (IN $ MILLION)

FIGURE 8: CANADA MACHINE VISION MARKET, BY 3D MACHINE VISION, 2023-2030 (IN $ MILLION)

FIGURE 9: CANADA MACHINE VISION MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2022

FIGURE 10: CANADA MACHINE VISION MARKET, BY HARDWARE, 2023-2030 (IN $ MILLION)

FIGURE 11: CANADA MACHINE VISION MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2022

FIGURE 12: CANADA MACHINE VISION MARKET, BY ASMV, 2023-2030 (IN $ MILLION)

FIGURE 13: CANADA MACHINE VISION MARKET, BY DEF1, 2023-2030 (IN $ MILLION)

FIGURE 14: CANADA MACHINE VISION MARKET, BY SENSORS, 2023-2030 (IN $ MILLION)

FIGURE 15: CANADA MACHINE VISION MARKET, BY ILLUMINATIONS, 2023-2030 (IN $ MILLION)

FIGURE 16: CANADA MACHINE VISION MARKET, BY PROCESSORS, 2023-2030 (IN $ MILLION)

FIGURE 17: CANADA MACHINE VISION MARKET, BY OTHER HARDWARE COMPONENTS, 2023-2030 (IN $ MILLION)

FIGURE 18: CANADA MACHINE VISION MARKET, BY SOFTWARE, 2023-2030 (IN $ MILLION)

FIGURE 19: CANADA MACHINE VISION MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 20: CANADA MACHINE VISION MARKET, BY INSPECTION, 2023-2030 (IN $ MILLION)

FIGURE 21: CANADA MACHINE VISION MARKET, BY GAUGING, 2023-2030 (IN $ MILLION)

FIGURE 22: CANADA MACHINE VISION MARKET, BY GUIDANCE, 2023-2030 (IN $ MILLION)

FIGURE 23: CANADA MACHINE VISION MARKET, BY IDENTIFICATION, 2023-2030 (IN $ MILLION)

FIGURE 24: CANADA MACHINE VISION MARKET, BY OTHER APPLICATIONS, 2023-2030 (IN $ MILLION)

FIGURE 25: CANADA MACHINE VISION MARKET, GROWTH POTENTIAL, BY INDUSTRY VERTICAL, IN 2022

FIGURE 26: CANADA MACHINE VISION MARKET, BY AUTOMOTIVE, 2023-2030 (IN $ MILLION)

FIGURE 27: CANADA MACHINE VISION MARKET, BY ELECTRONICS & SEMICONDUCTOR, 2023-2030 (IN $ MILLION)

FIGURE 28: CANADA MACHINE VISION MARKET, BY HEALTHCARE, 2023-2030 (IN $ MILLION)

FIGURE 29: CANADA MACHINE VISION MARKET, BY FOOD & PACKAGING, 2023-2030 (IN $ MILLION)

FIGURE 30: CANADA MACHINE VISION MARKET, BY OTHER INDUSTRY VERTICALS, 2023-2030 (IN $ MILLION)

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