Machine Vision (Mv) Camera Market Size to grow by USD 1737.5 million between 2024-2028
According to a research report “ Machine Vision (Mv) Camera Market” by Platform (PC based camera, Smart camera, Wireless camera, Wearable camera) Type (Line scan, Area scan, 3D scan cameras) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1737.5 million, at a CAGR of 9.31% during the forecast period. The machine vision camera market is experiencing significant growth in non-industrial sectors due to the demand for enhanced quality control and error reduction. Key applications include defense surveillance systems, forensics, robotic surgery, intelligent traffic systems, border security, and health monitoring. In agriculture, machine vision cameras are utilized for monitoring processes such as fruit picking and vegetable root removal. Subsequently, these cameras are employed during the quality control stage to inspect fruits and vegetables for defects, ensuring the delivery of high-quality produce to consumers..
Browse market data tables, figures, and in-depth TOC on “Machine Vision (Mv) Camera Market” by Platform (PC based camera, Smart camera, Wireless camera, Wearable camera) Type (Line scan, Area scan, 3D scan cameras) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Platform, the PC based camera segment is projected to dominate the market size in 2024
The Machine Vision (Mv) Camera market is experiencing significant growth due to the increasing demand for automation and quality control in various industries. These advanced imaging solutions enable businesses to enhance productivity, improve product inspection, and ensure consistency in manufacturing processes. Key players in this market include Sony, Basler, and JAI, who are continuously innovating to offer high-performance, cost-effective solutions for diverse applications.
By Type, Line scan segment is expected to hold the largest market size for the year 2024
The Machine Vision (MV) camera market is experiencing significant growth due to increasing automation in various industries. These advanced imaging solutions offer enhanced productivity, improved quality control, and increased efficiency. Key players in this market include Sony, Basler, and JAI. Innovations such as deep learning algorithms and high-resolution sensors are driving market expansion. The global MV camera market is projected to reach USD21.5 billion by 2024, growing at a CAGR of 12.3% during the forecast period.
APAC is forecasted to hold the largest market size by region in 2024
The Machine Vision (MV) camera market is experiencing significant growth due to increasing automation in industries. These cameras, which utilize advanced image processing technology, enhance production efficiency and product quality. Key players in this sector include Sony, Basler, and JAI. Integration of AI and machine learning algorithms is a notable trend, enabling real-time defect detection and predictive maintenance. The market is projected to reach USD36.6 billion by 2026, with automotive and electronics sectors leading the adoption.
The Machine Vision (Mv) Camera Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
Machine Vision (MV) cameras are an essential component of automated industrial processes and robotic systems. These cameras come in various types, including normal lenses for standard imaging and wide-angle lenses for larger fields of view. The choice of lens type depends on the specific application. Handheld MV systems use normal lenses for barcode scanning and pattern recognition. Line scan cameras, with their high-speed data acquisition, are ideal for measuring and inspecting continuous objects. 3D imaging cameras, equipped with SVS (Stereo Vision System) or CMS (Computer Vision System) technology, enable measurement and position guidance in complex environments. Wearable and wireless MV cameras are increasingly popular for real-time monitoring in manufacturing and logistics. Parking cameras, with their wide-angle lenses, provide a comprehensive view for automated parking systems. Smart cameras, integrating image processing capabilities, simplify installation and reduce system complexity. MV cameras play a crucial role in various industries, from automotive to electronics, by ensuring quality control, enhancing productivity, and improving safety. With advancements in technology, the market for MV cameras continues to grow, offering numerous opportunities for innovation and growth.
Market Research Overview
Machine Vision (MV) cameras have become an integral part of various industries, including manufacturing, transportation, aerospace, and agriculture, due to their ability to identify components, perform quality tests, and enhance automation technology. MV cameras come in various types, such as USB3 cameras, line scan cameras, 3D imaging cameras, barcode scanners, SVS cameras, CMS cameras, parking cameras, and autonomous vehicle cameras. The MV camera market is driven by the increasing demand for advanced manufacturing and smart factories, where compact footprint cameras with embedded image processing and AI capabilities are preferred. The transportation sector, including autonomous, connected, and electric vehicles, is also a significant market for MV cameras, which are used for 3D modeling, pattern recognition, and position guidance. Facilities such as power lines and UAV-based inspections also utilize MV cameras with wide-area lenses, telephoto lenses, normal lenses, and wide-angle lenses. Semiconductor manufacturing and microscopy applications require high-resolution and precision cameras. Strategic partnerships between MV camera manufacturers and other tech companies are increasing production capacity and enhancing the capabilities of MV cameras. AI and image recognition algorithms are being integrated into MV cameras for advanced quality assurance and automation in manufacturing industries. Wearable and wireless cameras, as well as PC-based and smart cameras, are also gaining popularity in various applications. Overall, the MV camera market is expected to grow significantly in the coming years due to its wide range of applications and technological advancements.
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