APAC Machine Vision Systems Market Size (2024 - 2029)

APAC Machine Vision Systems Market Analysis

The Asia Pacific Machine Vision Systems Market is expected to register a CAGR of 9.5% during the forecast period. COVID-19 created significant opportunities in the market. For instance, In 2020, India-based Nagarro launched AI-powered solutions based on machine vision technology to help organizations start work amid the COVID-19 crisis. In June 2020, India-based RayVision, a computer vision-based solution as part of RayReach Technologies, ventured into addressing COVID-19 monitoring, such as detecting face masks violation, crowding violation, social distancing violation, PPE violation, and hand sanitizer usage.

• The growing investment in automation and Industry 4.0 technologies, increasing need for safety and inspection vision systems, and high rate of product innovation are significant factors driving the growth of the Asia Pacific machine vision systems market. Machine vision applications like presence detection to real-time inspection and grading tasks in harsh environments are becoming standard across many industries. The recent COVID-19 has further expanded the scope of these applications.
• Over the year, the 2D machine vision system has gained significant application across the region. However, due to many limitations, many end-user industries are embracing 3D systems. Market vendors like OMRON are increasingly investing in the development of 3D machine vision systems.
• Further, Industry 4.0 fueled the development of technologies like robots playing a crucial role in industrial automation, with many core operations in industries being managed by robots. Also, 3D machine vision supports new applications, such as vision-guided robotics and automated butchering. These vision-guided robots are a combination of 2D and 3D cameras.
• Also, AI-powered machine vision is reshaping entire industries ranging from robotics and retail to healthcare and manufacturing. Companies are shifting from an AI vision solution, integrated image sensor module, cables, and GPU modules, to a ready-to-develop edge AI smart camera vision system, which reduces the effort of software and hardware integration, allowing AI vision developers to focus on application development.

APAC Machine Vision Systems Industry Segmentation

According to the Automated Imaging Association, machine vision includes all industrial and non-industrial applications in which a combination of software and hardware provides operational guidance to devices in the execution of their functions based on the capture and processing of images.

The machine vision system is the substitution of the human visual sense and judgment capabilities with a video camera and computer to perform an inspection task. It is the automatic acquisition and analysis of images to obtain desired data for controlling or evaluating a specific part or activity.

Under component, hardware and software are considered under the scope. The hardware includes vision systems, cameras, optics and illumination systems, frame grabbers, and other types of hardware.

The end-user industry includes electronics and semiconductors, automotive, medical devices and pharmaceuticals, logistic and retail, food and beverages, and other end-user industries.