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NORTH AMERICA MACHINE VISION MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

North America 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 North America machine vision market is projected to grow with a CAGR of 4.95% over the forecasted period of 2023-2032, acquiring a revenue share of $4225.51 million by 2032.

The continuous research directed toward the development of efficient machine vision systems for aerospace & defense as well as the healthcare industry, in addition to the presence of global players, are among the key factors associated with the market growth of the region. However, the shift of manufacturing facilities to low-cost Asian countries may hamper the growth of the North America machine vision market.

North America Machine Vision Market

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The North America machine vision market growth evaluation covers a detailed analysis of the United States and Canada. North America, particularly the United States, has seen a notable prevalence of the fourth industrial revolution, where data is harnessed on a large scale to integrate various manufacturing systems across the supply chain. The country is also a key player in the global automotive market, housing more than 13 major automobile manufacturers. Besides, the automotive sector remains one of the primary revenue generators within the manufacturing industry.

To bolster the sector’s growth and foster technological advancements, the formation of the ‘Advanced Manufacturing Partnership (AMP)’ was initiated in the United States, encouraging collaboration between industry, universities, and the federal government. This strategic approach has given the nation a significant competitive edge in the global economy. Another pivotal initiative, the National Network for Manufacturing Innovation (NNMI), has established regional hubs aimed at developing and adopting cutting-edge manufacturing technologies to create innovative products.

In addition, the growth of the manufacturing market in the United States is further expected to be boosted by the development of next-generation, energy-efficient, high-power electronic chips and devices. Wide-bandgap semiconductor technologies are also being pursued to compete with current silicon-based power electronics, making them cost-competitive over the upcoming years. Furthermore, coupled with a thriving economy and a rebounding manufacturing sector, the United States is poised to maintain its strong position as an exporter. Hence, these factors are set to propel the machine vision market growth in North America during the forecast years.

The North America machine vision market is segmented into type, component, application, and industry vertical. The type segment includes 1D machine vision, 2D machine vision, and 3D machine vision. 1D machine vision is a widely used type of vision system that analyzes one line of data at a time rather than processing the entire product as a whole. This method is commonly employed to assess variances between the most recent products passing through the production line.

Organizations utilize 1D systems to detect and classify defects in materials as they continuously move along a single line during the manufacturing process. Instead of examining the complete image, these systems focus on analyzing the digital signal one line at a time, comparing differences between earlier and later acquired lines. One of the primary applications for 1D machine vision is defect detection and classification in materials produced continuously, such as paper, metals, plastics, and non-woven materials.

Some of the leading enterprises operating in the North America machine vision market are Teledyne Technologies Incorporated, Cognex Corporation, etc.

Teledyne Technologies Incorporated, headquartered in the United States, is a major provider of digital imaging products & software, instrumentation, engineered systems and aerospace & defense electronics. The company also supplies engineered systems for applications such as space, defense, environmental, and energy. It caters to clients across numerous avenues, including factory automation, air & water quality environmental monitoring, and deep-water oil & gas exploration, among others.

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 AnalyzedThe United States and Canada
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 NORTH AMERICA 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. NORTH AMERICA
      1. MARKET SIZE & ESTIMATES
      2. NORTH AMERICA MACHINE VISION MARKET DRIVERS
      3. NORTH AMERICA MACHINE VISION MARKET CHALLENGES
      4. KEY PLAYERS IN NORTH AMERICA MACHINE VISION MARKET
      5. COUNTRY ANALYSIS
        1. UNITED STATES
          1. UNITED STATES MACHINE VISION MARKET SIZE & OPPORTUNITIES
        2. CANADA
          1. CANADA 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: NORTH AMERICA MACHINE VISION MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)

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

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

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

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

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

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

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

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

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

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

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

TABLE 14: KEY PLAYERS OPERATING IN NORTH AMERICA 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 NORTH AMERICA

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: KEY BUYING CRITERIA

FIGURE 7: NORTH AMERICA MACHINE VISION MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

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

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

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

FIGURE 11: NORTH AMERICA MACHINE VISION MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2022

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

FIGURE 13: NORTH AMERICA MACHINE VISION MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2022

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

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

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

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

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

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

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

FIGURE 21: NORTH AMERICA MACHINE VISION MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

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

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

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

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

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

FIGURE 27: NORTH AMERICA MACHINE VISION MARKET, GROWTH POTENTIAL, BY INDUSTRY VERTICAL, IN 2022

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

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

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

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

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

FIGURE 33: NORTH AMERICA MACHINE VISION MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

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

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

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