What is Global Machine Vision Software Market?
The Global Machine Vision Software Market is a vast and dynamic sector that plays a crucial role in various industries worldwide. This market revolves around the development and distribution of software that enables machines to visually interpret their surroundings. These software systems are designed to capture and process images, then perform necessary inspections automatically. They are typically used in applications that require high-speed inspection and high-fault tolerance. The market's value was estimated at US$ 9069.3 million in 2023, and it's projected to grow significantly in the coming years. The increasing demand for quality inspection and automation, the growing need for AI in machine vision software, and the rising need for vision-guided robotic systems are some of the key factors driving this market's growth.
PC-Based, Web-Based in the Global Machine Vision Software Market:
The Global Machine Vision Software Market is segmented into PC-Based and Web-Based systems. PC-Based machine vision software is installed on a computer and is used to control the machine's vision system. This type of software is typically used in industries where high-speed image processing is required. On the other hand, Web-Based machine vision software is hosted on a server and can be accessed through the internet. This type of software is ideal for businesses that require remote access to their machine vision systems. Both these systems have their unique advantages and are chosen based on the specific needs of the business.
Automotive, Pharmaceuticals & Chemicals, Electronics & Semiconductor, Postal & Logistics, Packaging & Bottling, Othes in the Global Machine Vision Software Market:
The Global Machine Vision Software Market finds its application in various sectors such as Automotive, Pharmaceuticals & Chemicals, Electronics & Semiconductor, Postal & Logistics, Packaging & Bottling, and others. In the automotive industry, this software is used for quality control, part identification, and robot guidance. In the pharmaceuticals and chemicals industry, it's used for packaging inspection, label inspection, and product integrity. In the electronics and semiconductor industry, it's used for component inspection, solder paste inspection, and wafer inspection. In the postal and logistics industry, it's used for parcel sorting, address reading, and barcode reading. In the packaging and bottling industry, it's used for label placement, cap placement, and fill level inspection.
Global Machine Vision Software Market Outlook:
The Global Machine Vision Software Market has shown promising growth in recent years. In 2023, the market was valued at US$ 9069.3 million. However, it's expected to almost double by 2030, reaching an estimated value of US$ 18470 million. This represents a Compound Annual Growth Rate (CAGR) of 10.5% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for this software in various industries, advancements in technology, and the rising need for quality inspection and automation.
| Report Metric | Details |
| Report Name | Machine Vision Software Market |
| Accounted market size in 2023 | US$ 9069.3 million |
| Forecasted market size in 2030 | US$ 18470 million |
| CAGR | 10.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | COGNEX, Adaptive Vision, Omron Microscan Systems, STEMMER IMAGING, Opto Engineering, RoboRealm, Euresys, National Instruments, Janta (Novanta), Matrox Imaging |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
