The global machine vision market is projected to grow from $15.83 billion in 2025 to $23.63 billion by 2030, at a compound annual growth rate (CAGR) of 8.3%, according to a new report from MarketsandMarkets™.
What’s Driving the Growth?
Government-led automation initiatives across the world are playing a key role in boosting demand for machine vision technologies, particularly in manufacturing and process industries. These systems help manufacturers improve product quality, minimize defects, and increase production efficiency.
For example, Singapore’s government partnered with organizations like the Singapore Food Manufacturing Association (SFMA) to introduce automation in food processing. Similar initiatives globally are expected to further accelerate machine vision adoption.
Market Snapshot:
- Market Size (2025): $15.83 billion
- Estimated Value (2030): $23.63 billion
- CAGR: 8.3% (2025–2030)
- Regions Covered: North America, Europe, Asia-Pacific, and Rest of the World
- Key Drivers:
- Rising demand for quality control and safety in manufacturing
- Adoption of smart technologies and automation
- Key Challenges:
- High system costs and lack of awareness
- Opportunities:
- Growth in electric and hybrid vehicle production
Fastest Growing Segments:
Smart Camera-Based Systems
Smart camera-based machine vision is expected to grow at the fastest rate. These all-in-one systems combine imaging, processing, and communication in a compact form—ideal for tasks like inspection, barcode reading, and guidance. Advanced versions now deliver performance comparable to PC-based systems.
Top smart camera providers include:
- Basler AG (Germany)
- Cognex Corporation (U.S.)
- KEYENCE Corporation (U.S.)
- Teledyne Technologies Inc. (U.S.)
Consumer Products
The electronics and consumer goods sectors are also fueling growth. Companies like Foxconn deploy machine vision for quality assurance in tasks like touch panel lamination, screen-printing alignment, and serial number verification during mobile device assembly.
Asia Pacific Leading the Way
The Asia Pacific region is forecast to see the fastest growth. Countries like China and India are heavily investing in factory automation. Government programs like “Make in India” and increasing quality expectations are driving machine vision adoption in automotive, electronics, and pharma industries.
Key players shaping the market include:
- Cognex Corporation (U.S.)
- KEYENCE Corporation (Japan)
- Teledyne Technologies Inc. (U.S.)
- Basler AG (Germany)
- Omron Corporation (Japan)
For more information and to download the full report, visit:
🔗 Machine Vision Market Report – MarketsandMarkets™
To read more on insight on market intelligence and forecasts, see articles from our European specialist, Dr.-Ing. Ronald Müller HERE
