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Machine Vision Market Share

ID: MRFR//0981-CR | 110 Pages | Author: Ankit Gupta| November 2022

Introduction: Navigating the Competitive Landscape of Machine Vision

The market for machine vision is in a state of unprecedented competition, with technology rapidly adopted, regulations changing and increased demands for accuracy and speed. The major players – the system suppliers, the IT-integrators, the system-integrators, and the innovative AI-startups – are all fighting for leadership, deploying advanced features such as AI-based analytics, automation, and IoT integration. The system suppliers are focused on hardware performance, while the IT-integrators are working to develop a seamless solution that optimizes the operational flow. The new entrants are using biometrics and green IT to differentiate their products and to appeal to the consumers’ green consciousness. Strategically, the focus is shifting to a more integrated solution that enhances real-time data processing and decision-making. This dynamic environment requires a deep understanding of the technological differentiators to successfully navigate the competition and capitalize on the market opportunities.

Competitive Positioning

Full-Suite Integrators

The following manufacturers offer complete solutions, integrating hardware and software for a wide range of applications.

VendorCompetitive EdgeSolution FocusRegional Focus
Cognex Corporation Industry leader in vision systems Machine vision software and hardware Global
Keyence Corporation Innovative sensor technology Vision systems and sensors Asia, North America, Europe
Omron Corporation Strong automation integration Vision and automation solutions Global

Specialized Technology Vendors

These are the vision system manufacturers who have specialized in one of the specialized fields of machine vision and have developed their own special solutions.

VendorCompetitive EdgeSolution FocusRegional Focus
Teledyne FLIR LLC Advanced thermal imaging technology Thermal imaging and vision systems Global
Basler AG High-quality camera solutions Industrial cameras and components Global
MVTEC Software GMBH Robust image processing software Machine vision software solutions Global

Infrastructure & Equipment Providers

These suppliers provide the essential components and the necessary environment for the machine vision systems to operate.

VendorCompetitive EdgeSolution FocusRegional Focus
SICK AG Comprehensive sensor portfolio Sensors and automation solutions Global
Datalogic S.P.A. Strong in barcode and vision systems Barcode readers and vision systems Global
Zebra Technologies Corp. Leader in data capture solutions Data capture and machine vision Global

Emerging Innovators

These companies have specialized in new products and new technologies, often aimed at specific applications or markets.

VendorCompetitive EdgeSolution FocusRegional Focus
Optotune Dynamic optical components Adaptive optics and lenses Global
USS Vision LLC Custom vision solutions Tailored machine vision systems North America
TKH Group Integrated technology solutions Vision and connectivity solutions Europe, North America
Vitronic Machine Vision LTD High-performance vision systems Industrial machine vision solutions Global
Atlas Copco AB Strong in industrial automation Automation and vision systems Global
National Instruments Corporation Versatile measurement solutions Test and measurement systems Global

Emerging Players & Regional Champions

  • Cognex (US): Cognex is a specialist in the field of machine vision. The company has recently been awarded a contract to supply a major car manufacturer with a vision-based quality inspection system. Cognex has taken on the established suppliers by introducing advanced AI-based analytics.
  • Basler AG, Germany, is a company that specializes in high-quality camera systems and image processing software. Basler recently completed a large project in the field of logistics and provides cost-effective solutions for small and medium-sized enterprises.
  • The company, which is based in the United States, offers a range of sensors and machine vision systems. It has just entered into a partnership with a robot manufacturer to develop a solution for automating inspections. This places it in a position to compete with the traditional machine vision companies.
  • Isra Vision AG (Germany): This manufacturer of surface-inspection systems has recently expanded into the food industry with a new product line, challenging the established market leaders by focusing on a narrow range of applications with a high degree of precision.
  • SICK AG (Germany): SICK, which manufactures sensors for machine vision, has recently launched a new series of smart cameras that complement existing offerings by integrating IoT features.

Regional Trends: The Machine Vision market is experiencing significant growth in North America and Europe, driven by the rapid development of artificial intelligence and automation. The newcomers are focused on niche applications and specialized solutions, especially in the fields of automobiles, logistics and food. The combination of machine vision with the Internet of Things and artificial intelligence is also becoming increasingly popular, which not only enhances the value of traditional systems, but also creates new opportunities for local champions.

Collaborations & M&A Movements

  • Cognex and Keyence have formed a partnership to develop advanced vision systems that will make it easier to automate the manufacturing process, thus strengthening their competitive position in the field of industrial automation.
  • Strategically, Teledyne acquired FLIR in order to broaden its portfolio of products in the fields of infra-red sensing and machine vision, thereby significantly increasing its market share in the defense and industrial markets.
  • Sony and Basler are combining their latest sensors into Basler's machine vision cameras to enhance image quality and performance and thus compete more successfully against competitors in the high-resolution image field.

Competitive Summary Table

CapabilityLeading PlayersRemarks
Biometric Self-Boarding Cognex, Basler COGNEX has been able to install advanced facial recognition systems in airports, making boarding much quicker. Basler’s high-resolution cameras are also used in this application, because of their accuracy.
AI-Powered Ops Mgmt Siemens, Honeywell Artificial intelligence (AI) is used to optimize production processes in the industry, resulting in a significant reduction in downtime. Artificial intelligence from Honeywell is integrated in various industries and makes decision-making processes better.
Border Control NEC, Thales Biometric systems developed by NEC have been installed in many countries. They have been able to speed up border control and improve security. Thales is offering a comprehensive system that integrates artificial intelligence for real-time threat detection.
Sustainability Omron, Keyence O-rings are made of a material that is not soluble in water. Then the o-ring is put on the shaft and tightened up. The design of our products is based on the concept of “Long Life.”
Passenger Experience Zebra Technologies, Datalogic Zebra is a leading provider of check-in and mobile data capture solutions. Datalogic's innovative vision technology increases the speed and accuracy of service in retail.

Conclusion: Navigating the Competitive Machine Vision Landscape

The Machine Vision Market is highly competitive and fragmented as we approach 2025, with a combination of established and newcomers vying for market share. The market is expected to grow in Asia-Pacific and North America, largely driven by automation and artificial intelligence. Suppliers need to strategically position themselves by delivering capabilities such as AI integration, automation efficiency, sustainable practices, and operational flexibility. The leading companies are focusing on enhancing their technological offerings and customer relationships, while newcomers are rapidly innovating to disrupt the established order. The ability to respond to changing market requirements and invest in advanced capabilities will ultimately determine the market leaders.

Covered Aspects:
Report Attribute/Metric Details
Base Year For Estimation 2023
Historical Data 2019 to 2022
Forecast Period 2023-2030
Growth Rate 7.2% (2023-2030)
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