A recent report by MarketsandMarkets projects that the global machine vision market will grow from USD 15.83 billion in 2025 to USD 23.63 billion by 2030, representing a compound annual growth rate (CAGR) of 8.3%. The forecast attributes this growth to the increasing adoption of automation technologies across the manufacturing sector, supported by government initiatives worldwide.
The report notes that industrial process automation continues to expand, with machine vision systems playing a critical role in ensuring production efficiency and product quality. For instance, in Singapore, the government collaborated with industry associations in 2022 to introduce automation technologies into the food and beverage sector, aiming to improve manufacturing outputs and reduce defects.
Smart camera-based machine vision systems are expected to register the highest growth rate during the forecast period. These systems integrate embedded controllers with vision software and offer capabilities such as 2D imaging, 3D sensing, ultrasonic, and infrared functionalities. Manufacturers such as Basler AG, Cognex Corporation, KEYENCE CORPORATION, and Teledyne Technologies Inc. are identified as key suppliers of these systems.
The consumer products segment is anticipated to record the second-highest CAGR, driven by the use of machine vision in electronics manufacturing. Companies such as Foxconn employ these systems for a variety of applications including assembly verification and barcode reading. The report outlines their role in tasks such as screen-printing alignment, pre- and post-assembly inspection, and robotic guidance in mobile device production.
Regionally, the Asia Pacific market is expected to experience the highest growth, led by China and India. China’s expansion in industrial automation and India’s government-backed initiatives like “Make in India” are contributing to rising demand for machine vision systems. The report attributes growth in this region to widespread automation adoption across sectors including automotive, electronics, and pharmaceuticals.
