Industry-Driven Demand for Automation to Boost Operations and Productivity Spurs Global Machine Vision Market

San Antonio, US – Frost & Sullivan’s recent analysis, ‘Global Machine Vision Growth Opportunities’, finds that rising demand for automation across industries to improve operations and productivity is boosting the global machine vision market. The industry is expected to generate US $14.02 billion in revenue by 2025, up from US $10.28 billion in 2020, representing a 6.4 percent compound annual growth rate. However, despite supply chain disruptions caused by COVID-19, the sector will surpass 2019 levels by 2022, and positive trends seen across industries—pharmaceuticals, food and beverage processing and packaging, electronics, and semiconductors, and automotive—will be critical in driving market expansion.

Over the forecast period, Asia-Pacific (APAC) will continue to be the largest and fastest-growing market for machine vision systems. The key reason for leveraging the market in the region is industrialization, particularly in automotive, pharmaceuticals, electronics, and semiconductors. Similarly, growth in North America and Europe will be moderate. Demand for automation in manufacturing—food processing, pharmaceuticals, automotive, and medical devices—will propel the machine vision systems industry in the regions.

Vendors should concentrate on the following areas to capitalize on machine vision development opportunities:

Self-optimizing manufacturing: As organizations develop strategies to optimize production with industrial artificial intelligence, they can integrate AI capabilities into existing operating technology (OT) and information technology (IT) to reduce silos.
Robotic-as-a-service (RaaS): Machine vision companies should collaborate with robotics companies and RaaS providers to build solutions that improve the quality and inspection parameters of manufacturing industries without increasing manufacturers’ costs.
Deep Learning and AI: Machine vision vendors should broaden their offerings to address unmet client demands for technological innovation, flexibility, efficiency, and accuracy.

‘Global Machine Vision Growth Opportunities’ is the most recent addition to Frost & Sullivan’s industrial research and analyses available through the Frost & Sullivan Leadership Council, which assists organizations in identifying a continuous flow of growth opportunities to succeed in an unpredictable future.

Stating that demand for machine vision systems will increase as the manufacturing industry worldwide undergoes a transformative change toward Industry 5.0, which will be fully autonomous with human-to-machine interfaces and zero waste, Sujan Sami, Industrial Program Manager, Frost & Sullivan, said, “Further, the change in consumer eating habits and lifestyles due to pandemic has resulted in the growth of food and beverage manufacturing, processing, and packaging companies. As food safety regulations grow stricter globally, food processing and manufacturing industries increasingly depend on machine vision systems for quality control.”

He further added, “As end-users increasingly seek compact, high-quality, and easy-to-integrate vision solutions for their business processes, market leaders are developing strategic partnerships with automation and robotics companies to bring cost-effective business and service models in the machine vision space. Further, market participants’ efforts to provide automation solutions at low costs encourage them to create innovative business models like the subscription-based as-a-service model, which meets customers’ needs for high-quality services at low prices.”

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