Latest News- Machine Vision (MV) Camera Market: PC based camera is expected to lead the Platform segment during 2025-2029

The Machine Vision (MV) Camera Market is being driven by Increased demand in non-industrial sectors

The Machine Vision (MV) Camera Market is expected to grow at a CAGR of 9.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2016.1 million. In the realm of Machine Vision (MV) systems, smart cameras play a pivotal role by digitizing and transferring frames for subsequent computer analysis. These compact devices, equipped with a single embedded image sensor, are custom-built for applications where space constraints are a concern. Smart cameras are versatile tools, employed for a myriad of automated functions, either as an auxiliary component to a multi-part MV system or as standalone image-processing units. Given their cost-effectiveness and user-friendly nature, smart cameras have gained significant traction in industrial production, particularly for inspection and quality assurance purposes. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Platform
  • PC based camera
  • Smart camera
  • Wireless camera
  • Wearable camera
• Type
  • Line scan
  • Area scan
  • 3D scan cameras
• Hardware Standard
  • Camera Link HS
  • Camera Link
  • GigE Vision
  • CoaXPress
  • USB3 Vision
  • Others
• Process Type
  • 1D Image Sensor
  • 2D Image Sensor
  • 3D Image Sensor
• Spectrum Type
  • Infrared Spectrum
  • X-Ray Spectrum
  • Visible Light Spectrum
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America
    • Brazil

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased demand in non-industrial sectors
• Increasing adoption of machine vision systems for medical and life science research
• Increased demand for vision-guided industrial robots in APAC

However, the market also witnesses some limitations, which are as follows:

• High cost of implementation
• Technical issues in deploying machine vision cameras
• Low frequency of repurchase

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Market Scope in Machine Vision (MV) Camera Market Research Report

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Research Analysis Overview

Machine vision cameras play a crucial role in various industries, including manufacturing, transportation, electronics, and automotive, by facilitating automation, quality control, and decision-making through advanced technologies such as high resolution, digital sensors, and image recognition. Applications range from online shopping and mobile mapping to industrial production, oil & gas, and automotive ADAS systems. Three-dimensional parts inspection, microscopy, and 360-degree view are also enabled by these cameras. Preventive intervention is ensured through real-time process control and inspection, while robotics and connectors are essential components in their implementation. Computer hardware, optics, and advanced technologies continue to drive innovation in machine vision cameras for industries like semiconductors and vehicle component suppliers. SVS cameras and parking cameras are other notable applications in this field.

Market Research Overview

The Machine Vision (MV) Camera Market is a significant segment of the global industrial machinery and supplies and components market, which encompasses companies manufacturing machinery and components for industrial inspection, process optimization, and predictive maintenance. Key drivers fueling market growth include the increasing adoption of computer vision algorithms for image analysis in industries such as automotive, electronics, and pharmaceuticals. Additionally, digital twin technology, real-time image processing, and smart manufacturing are transforming industrial processes, leading to increased efficiency and productivity. Furthermore, the integration of MV cameras in autonomous vehicles and supply chain management systems is expanding their application scope. The global industrial machinery and supplies and components market's growth is attributed to the rising demand for industrial output in process and discrete industries, particularly in developing countries, where there is a surging need for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/