EUROPE MACHINE VISION MARKET FORECAST 2023-2032

The Europe machine vision market growth assessment comprises the examination of the United Kingdom, Germany, France, Spain, Italy, and Rest of Europe. The increasing demand to reduce manufacturing costs is set to play an essential role in fueling market growth in the United Kingdom. Despite contributing 9% of the GDP, the country’s manufacturing segment lags behind other major economies such as Germany, China, and the United States. A key challenge in the sector is the high number of job vacancies resulting from skill shortages attributed to rapid technological advancements. Besides, this poses a potential barrier to productivity growth, as well.

However, a recent study revealed that 80% of manufacturers agree that the implementation of smart manufacturing technologies will enhance their supply chain relationships. Furthermore, around 89% of manufacturers anticipate that these technologies will empower their employees to work more efficiently. Hence, in order to stay competitive in the global market, manufacturers are considering making substantial investments in adopting smart production practices.

On the other hand, Germany has shown remarkable progress in research and development (R&D) spending, which has continuously increased and more than doubled over the past two decades, reaching 3.5% of GDP by 2025. In 2020, Germany’s national R&D spending exceeded the EU target of 3%, accounting for 3.16% of its GDP. The country’s automotive industry leads in terms of private R&D expenditure, closely followed by the engineering and pharmaceutical & chemical sectors. Moreover, sustainability in the manufacturing sector is expected to drive further advancements in the German market over the upcoming years. Collectively, the aforementioned factors are anticipated to boost the Europe machine vision market growth during the forecast period.

The Europe machine vision market is segmented into type, component, application, and industry vertical. The component segment includes hardware and software. Software plays a crucial and indispensable role in analyzing images captured and processed by the camera. It acts as a control hub, managing various components like sensors, illumination, and equipment, enabling precise object snapshotting as needed. 

As the ultimate controller of the hardware interface and key functions like image acquisition, processing, and analysis, selecting the right software necessitates careful attention. The machine vision (MV) software, in this regard, serves as the intelligence behind the inspection system, forming its centerpiece. Furthermore, the choice of software significantly influences factors like program generation and debugging time, making it a critical aspect to consider for an efficient image analysis process.

Key players operating in the Europe machine vision market include Allied Vision Technologies GmbH, Basler AG, etc.

Basler AG, headquarters in Germany, is engaged in offering industrial cameras for a diverse range of applications. The company’s offerings include line scan cameras, area scan cameras, 3D cameras, network cameras, software, lenses, powerpack microscopy, cables, and additional accessories. Moreover, it also provides embedded vision kits, components for embedded vision, as well as cameras for embedded vision.