Industrial Automation Magazine India

Machine vision applications span across industries, driving remarkable growth and innovation in this dynamic sector.

Chicago, November 2023 – The global Machine vision market is expected to grow from USD 12.9 billion in 2023 to USD 18.4 billion by 2028, registering a CAGR of 7.3% according to a new report by MarketsandMarkets™. The growth of the machine vision market is propelled by rising demand for water and wastewater treatment, increasing use of machine visions in drug safety, and fiscal policy measures by regional financial institutions to boost the machine vision market.

The machine vision industry is experiencing a surge in widespread deployment. This expansion is propelled by the convergence of cutting-edge technologies, a growing demand for automation, and the imperative for precision, quality assurance, and operational efficiency. Machine vision applications span across industries, driving remarkable growth and innovation in this dynamic sector.

The machine vision market has witnessed substantial growth in camera technology. High-resolution cameras with advanced features, such as higher frame rates, lower latency, and enhanced image processing capabilities, have become essential for applications like automation, robotics, and quality inspection. The demand for specialised cameras tailored to specific industry needs has also surged, contributing to the market's expansion.

The smart camera-based machine vision system is experiencing substantial growth. Its compact form factor, embedded processing capabilities, and seamless integration make it a preferred choice across industries. As automation and quality control requirements surge, smart camera systems are integral to improving efficiency and precision, fueling their rapid expansion.

The utilisation of machine vision technology has witnessed substantial growth within the food and packaging sector. This advancement has revolutionised quality control and operational efficiency. Automated inspection systems have become indispensable, detecting imperfections, guaranteeing precise labeling, and ensuring product integrity. Consequently, manufacturing processes have become more streamlined, errors have significantly reduced, and compliance with rigorous industry regulations has improved, ultimately elevating product safety and customer contentment.