What Is the Projected Growth of the Machine Vision Market?

# What Is the Projected Growth of the Machine Vision Market? The <a href="https://www.fortunebusinessinsights.com/machine-vision-market-105188">Machine Vision Market Growth</a> has been experiencing substantial momentum in recent years. The global machine vision market size was valued at USD 10.75 billion in 2023 and is projected to grow from USD 11.61 billion in 2024 to USD 22.59 billion by 2032, exhibiting a CAGR of 8.7% during the forecast period. Asia Pacific dominated the global market with a share of 31.44% in 2023. This report explores key market trends, major growth drivers, and detailed market segmentation by [key segment categories].The machine vision market is expanding as industries increasingly adopt AI-driven image processing for quality control, automation, and defect detection. Advancements in deep learning, 3D vision, and edge computing are enhancing precision and efficiency. With the rise of Industry 4.0, machine vision systems continue to evolve to meet growing industrial demands.Get your free sample report PDF brochure: <a href="https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/105188">https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/105188</a><h2>Which Companies Are Leading in the Machine Vision Market?</h2>Major companies operating in the semiconductor machinery market include Cognex Corporation (U.S.), Basler AG (Germany), Omron Corporation (Japan), Keyence (Japan), National Instruments (U.S.), Sony Corporation (Japan), Teledyne Technologies (U.S.), Texas Instruments (U.S.), Intel Corporation (U.S.), ViDi Systems SA (Switzerland)Key highlights of the Report: • Market Performance • Market Outlook • COVID-19 Impact on the Market • Porter's Five Forces Analysis • Historical, Current and Future Market Trends • Market Drivers and Success Factors • SWOT Analysis • Structure of the Market • Value Chain Analysis • Comprehensive Mapping of the Competitive Landscape<h2> What comprehensive insights does the research report on Machine Vision provide, and which regions are analyzed in detail?</h2>The research report on Machine Vision provides a comprehensive assessment of the market, offering strategic insights into future trends, growth drivers, supplier and demand landscapes, year-over-year (Y-o-Y) growth, compound annual growth rate (CAGR), and pricing dynamics. It also incorporates key business analytical frameworks such as Porter’s Five Forces, PESTLE Analysis, Value Chain Analysis, 4 Ps (Product, Price, Place, Promotion), Market Attractiveness Index, BPS (Basis Point Share) Analysis, and Ecosystem Mapping. Additionally, the report provides an in-depth regional analysis across major geographical markets, including:<ul data-start="886" data-end="1372"><li data-start="886" data-end="930">North America (U.S., Canada, Mexico)</li><li data-start="931" data-end="999">Europe (Germany, U.K., France, Italy, Spain, Rest of Europe)</li><li data-start="1000" data-end="1088">Asia Pacific (China, India, Japan, South Korea, Australia, Rest of Asia Pacific)</li><li data-start="1089" data-end="1153">South America (Brazil, Argentina, Rest of South America)</li><li data-start="1154" data-end="1372">Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA) These insights empower stakeholders to understand market dynamics, identify growth opportunities, and make strategic decisions across regions.</li></ul><h2>What Are the Recent Industry Developments in the Machine Vision Market?</h2><ul><li>German innovator in lighting technology SAC Sirius Advanced Cybernetics GmbH ("SAC") has been acquired by Cognex. The acquisition broadens Cognex's reach into sectors like automotive and consumer electronics that produce products quickly and with little tolerance for failures that endanger safety.</li><li>To support the NVIDIA® Jetson OrinTM Nano system-on-modules (SOMs), which have raised the bar for entry-level edge Artificial Intelligence (AI) and robotics, Basler introduced add-on camera kits with 5 and 13 MP.</li><li>The 2-megapixel Optimom from Teledyne e2v is a collection of turnkey optical modules that can be "instantly" integrated into embedded-vision systems. It has a compact board, an FPC connector that is widely used in the industry, an integrated low-noise global shutter image sensor from Teledyne e2v, and supplemental lenses.</li><li>The innovative "VT-S10 Series" PCB inspection system has been released by OMRON Corporation. With the help of this system, high-precision inspection of electronic substrates is automated without the need for specialized knowledge.</li><li>Cognex unveiled its newest line of portable barcode scanners, the DataMan 8700 Series, which is based on a brand-new technology platform. The apparatus offers state-of-the-art performance and is incredibly easy to use, requiring no prior tuning or operator training.</li></ul>About Fortune Business Insights™ Fortune Business Insights™ delivers accurate industry insights and strategic analysis to help businesses of all sizes make informed decisions. Our research services provide in-depth market assessments, equipping organizations with the knowledge needed to confidently address industry-specific challenges and seize growth opportunities.