Europe holds a strong position in robotics, having 32% of current world markets. Industrial robotics has around one-third of the world market. Europe 2D and 3D Machine Vision Systems Market is projected to reach US$ 11,591.1 Mn by 2030 from US$ 4,789.7 Mn in 2021. The market is registering growth at a CAGR of 10.6% over the forecast period 2022-2030.
Machine vision is an automated technology where images are taken and transferred to the PC and processed thereafter to inspect and report the processed results. According to the Automated Imaging Association (AIA), machine vision encompasses all industrial and non-industrial applications in which a combination of hardware and software provides operational guidance to devices in the execution of their functions based on the capture and processing of images. Machine vision systems rely on digital sensors protected inside industrial cameras with specialized optics to acquire images so that computer hardware and software can process, analyze, and measure various characteristics for decision making. Further, where human vision is best for qualitative interpretation of a complex, unstructured scene, machine vision excels at quantitative measurement of a structured scene because of its speed, accuracy, and repeatability. For example, on a production line, a machine vision system can inspect hundreds, or even thousands, of parts per minute.
The market is majorly driven by factors such as the increasing need for quality inspection and automation and a rise in mass production of products. A machine vision system built around the right camera resolution and optics can easily inspect object details too small to be seen by the human eye.
Machine vision systems which are used for inspection, monitor the visual appearance of the observed material. The system automatically identifies potential defects in the material’s surface using statistical analysis and then classifies the defects into groups based on similarity, contrast, texture, and/or geometry. Thus, a machine vision system for inspection detects defects, contaminants, functional flaws, and other irregularities in manufactured products. Hence, machine vision improves quality and productivity in industries such as automation and food processing, while driving down the manufacturing cost. Further, the rise in mass production of products is propelling market growth. This is because, by deploying a machine vision system, manufacturing organizations can benefit from the increased flexibility, lower product defects, and increased overall production quality enabled by machine vision technology. Moreover, in the automotive and consumer electronics industries, the usage of industrial robots for automation has increased dramatically. As a result, there is a growing demand for machine vision systems to be integrated with vision-guided robot controllers. However, the difficulty in the integration of rule-based algorithms to perform complex inspections is hindering the market growth.
Key Insights of the Report:
Key Takeaways from the Europe 2D and 3D Machine Vision Systems Market Report:
Competitive Landscape:
The key players in the Europe 2D and 3D Machine Vision Systems Market are Cognex Corporation, Keyence Corporation, Flir Systems Inc., and Applied Vision Corp. among others.
Segmentation Overview
The following are the various segments of the Europe 2D and 3D Machine Vision Systems Market:
By Type segment of the Europe 2D and 3D Machine Vision Systems Market is sub-segmented into:
By Components segment of the Europe 2D and 3D Machine Vision Systems Market is sub-segmented into:
By Platform segment of the Europe 2D and 3D Machine Vision Systems Market is sub-segmented into:
By Function Module segment of the Europe 2D and 3D Machine Vision Systems Market is sub-segmented into:
By Camera Vision and Lenses segment of the Europe 2D and 3D Machine Vision Systems Market is sub-segmented into:
By Industry segment of the Europe 2D and 3D Machine Vision Systems Market is sub-segmented into:
By Region/Country segment of the Europe 2D and 3D Machine Vision Systems Market is sub-segmented into:
The Europe 2D and 3D Machine Vision Systems Market was valued at US$ 4,789.7 Mn in 2021.
Machine vision is an automated technology where images are taken and transferred to the PC and processed thereafter to inspect and report the processed results.
Where human vision is best for qualitative interpretation of a complex, unstructured scene, machine vision excels at quantitative measurement of a structured scene because of its speed, accuracy, and repeatability.
The Europe 2D and 3D Machine Vision Systems Market is projected to expand at a CAGR of 10.6% over the forecast period 2022-2030.
The market is majorly driven by factors such as the increasing need for quality inspection & automation and a rise in mass-production of products.
Machine vision system automatically identifies potential defects in the material’s surface using statistical analysis and then classifies the defects into groups based on similarity, contrast, texture, and/ or geometry.
The difficulty in the integration of rule-based algorithms to perform complex inspections is hindering the market growth.
The various segmentations considered to analyze the Europe 2D and 3D Machine Vision Systems Market are based on type, components, platform, function module, camera vision & lenses, industry, and country.
Hardware component holds the highest share in the Europe 2D and 3D Machine Vision Systems Market.
PC-based platform dominates the market in 2021.
Gauging/ measurement segment leads the Europe 2D and 3D Machine Vision Systems Market in 2021.
Automotive segment holds the highest market share in 2021.
The key players in the Europe 2D and 3D Machine Vision Systems Market are Cognex Corporation, Keyence Corporation, Flir Systems Inc., and Applied Vision Corp. among others.
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