The global machine vision market is expected to experience a recovery in 2024, with an annual growth rate of about 1.4%. This growth is partly due to the continued expansion of the 3D camera market, while the recovery of the semiconductor and electronics industry, an important application area of machine vision, is also having a positive impact, and the growth momentum is expected to be better than the manufacturing market in 2024. In addition, some VBS01-EPD companies’ revenue growth is also coming from mergers and acquisitions, which are actively expanding their machine vision product lines in order to provide customers with more comprehensive solutions. M&a activity is common in all areas of industrial automation, and seems to have been particularly active recently in machine vision.

VBS01-EPD

Machine vision revenue growth is expected to be strongest in the Americas and EMEA (Europe, Middle East and Africa) regions.

The chart above shows the growth trends of the global machine vision market by major regions, with the Americas and EMEA (Europe, Middle East and Africa) regions expected to see the most significant growth by 2028, with VBS01-EPD growth rates of 12.6% and 12.3% respectively. This growth potential is mainly driven by deepening cooperation and mergers and acquisitions among large machine vision vendors. Companies are looking for ways to expand their product portfolios to develop comprehensive product and service solutions that meet the needs of their customers. As new suppliers continue to emerge in the machine vision market, global companies are keen to work with these “small and beautiful” companies to gain technology and expertise in various parts of machine vision.