2D MACHINE VISION SYSTEM MARKET

KEY FINDINGS

• The increase of Industry 4 worldwide, demands for industrial data communication will grow rapidly. In comparison with 2D machine vision systems for automation, quality control, and inspection, smart factories demand increased. So, it is expected that the demand for 2D machine vision systems will also have a massive increase soon. 
• The combination of AI algorithms with 2D machine vision systems gives rise to more precise image processing, pattern recognition and defect detection that in turn makes the market of automotive, electronics and pharmaceuticals. 
• With e-commerce and logistics sectors experiencing exponential growth, there is now high demand for sorting, packaging, and quality control processes that make use of the 2D machine vision system for reading barcodes, inspecting parcels and inventory management. 
• North America is a substantial market for vendors offering solutions for machine vision. The regional market is expected to grow significantly over the forecast period, owing to the early adoption of automation in the manufacturing and healthcare industries. 
• The rising demand for precise medical imaging and diagnostics promotes the use of 2D machine vision systems for applications like pathology, radiology, and surgical navigation in the healthcare sector, which in turn, results in the expansion of the market. 
• Furthermore, in autonomous vehicles’ development, a perception system would be developed for object detection, navigation and obstacle avoidance that is mainly based on 2D machine vision systems like cameras. 
• The introduction of the intelligent city framework that focuses on traffic management, public safety, and environment monitoring has, to a greater extent, been driven by 2D machine vision systems for number plates recognition, traffic data collection, and surveillance, thereby promoting the growth of smart city projects in urban development. 
• In agriculture, the application of 2D machine vision systems is for crop monitoring, yield estimation, and pest detection, thus enabling precision farming practices and expanding the agricultural sector in the market. 
• Autonomy in health care settings , such as robot surgical operations, automatic dispensing machines, and monitoring patients, which often depend on 2D machine vision for proper information acquisition and analysis, are causing further demand for automation in healthcare solutions. 

2D MACHINE VISION SYSTEM MARKET INTRODUCTION

Digital cameras are used by 2D vision systems to take an object's image. A two-dimensional map of the intensity of the reflected light is recorded and processed using 2D machine vision. Yet there is no height information in the 2D image. Usually, processing involves comparing intensity fluctuations.

In the industrial automation sector, 2D vision systems are widely utilised for a variety of activities, including as feature and position verification, dimension checking, barcode reading, character recognition, label verification, quality inspection, surveillance, object tracking, and presence detection.

2D vision is utilised to do a variety of activities, including positioning, examination, measuring, and reading. When the texture or colour of an object is essential to the solution or in high-contrast applications, this technique is extremely helpful.Parallax, depth of focus, ambient light, and contrast changes are typical 2D machine vision technology constraints.

2D MACHINE VISION SYSTEM MARKET SIZE AND FORECAST

The Global 2D Machine Vision System market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

2D MACHINE VISION SYSTEM MARKET NEW PRODUCT LAUNCH

Cognex launches the process of combining several 2D to one overall image using a camera, vision sensor, or both. See our available machine vision solutions. Solution for 2D machine vision powered by deep learning. Inspection using deep learning technology, InspectorP6xx 2D vision sensors, anomaly detection tool, and classification tool.

Online user interface for labelling, training, and assessment that is either on the device or in the studio, support for SICK Nova Tools plug-ins, and traditional rule-based machine vision software tools are all included. combining many 2D images into a single panoramic image to improve or beforehand process the picture.

Measurement of a specific greyvalue to decide pass/fail is known as thresholding. Pixel counting counts how many pixels are luminous or dark. Comparing segmentation to sewing Edge detection is the process of locating an object's edges in order to establish its orientation, size, or location.

Using connected pixels to identify and extract blobs of a specific shape. Deep learning and neural networks for self-teaching variable decision making. Optical character, Barcode, Data Matrix, and "2D barcode" reading are all forms of pattern recognition that include template matching. automated text reading for recognition. Gauging: determining the size of an object.

2D MACHINE VISION SYSTEM MARKET NEW PRODUCT DEVELOPMENT

2D MACHINE VISION SYSTEM MARKETGEOGRAPHY OVERVIEW

North America 

The North American market, particularly the USA, will be one of the prime markets for (2D Machine Vision System) due to the nature of industrial automation in the region, high consumer spending compared to other regions, and the growth of various industries, mainly AI, along with constant technological advancements. The GDP of the USA is one of the largest in the world, and it is home to various industries such as Pharmaceuticals, Aerospace, and Technology. The average consumer spending in the region was $72K in 2023, and this is set to increase over the forecast period. Industries are focused on industrial automation and increasing efficiency in the region. This will be facilitated by the growth in IoT and AI across the board. Due to tensions in geopolitics, much manufacturing is set to shift towards the USA and Mexico, away from China. This shift will include industries such as semiconductors and automotive. 

Europe 

The European market, particularly Western Europe, is another prime market for (2D Machine Vision System) due to the strong economic conditions in the region, bolstered by robust systems that support sustained growth. This includes research and development of new technologies, constant innovation, and developments across various industries that promote regional growth. Investments are being made to develop and improve existing infrastructure, enabling various industries to thrive. In Western Europe, the margins for (2D Machine Vision System) are higher than in other parts of the world due to regional supply and demand dynamics. Average consumer spending in the region was lower than in the USA in 2023, but it is expected to increase over the forecast period. 

Eastern Europe is anticipated to experience a higher growth rate compared to Western Europe, as significant shifts in manufacturing and development are taking place in countries like Poland and Hungary. However, the Russia-Ukraine war is currently disrupting growth in this region, with the lack of an immediate resolution negatively impacting growth and creating instability in neighboring areas. Despite these challenges, technological hubs are emerging in Eastern Europe, driven by lower labor costs and a strong supply of technological capabilities compared to Western Europe. 

There is a significant boom in manufacturing within Europe, especially in the semiconductor industry, which is expected to influence other industries. Major improvements in the development of sectors such as renewable energy, industrial automation, automotive manufacturing, battery manufacturing and recycling, and AI are poised to promote the growth of (2D Machine Vision System) in the region. 

Asia 

Asia will continue to be the global manufacturing hub for (2D Machine Vision System Market) over the forecast period with China dominating the manufacturing. However, there will be a shift in manufacturing towards other Asian countries such as India and Vietnam. The technological developments will come from China, Japan, South Korea, and India for the region. There is a trend to improve the efficiency as well as the quality of goods and services to keep up with the standards that are present internationally as well as win the fight in terms of pricing in this region. The demand in this region will also be driven by infrastructural developments that will take place over the forecast period to improve the output for various industries in different countries.    

There will be higher growth in the Middle East as investments fall into place to improve their standing in various industries away from petroleum. Plans such as Saudi Arabia Vision 2030, Qatar Vision 2030, and Abu Dhabi 2030 will cause developments across multiple industries in the region. There is a focus on improving the manufacturing sector as well as the knowledge-based services to cater to the needs of the region and the rest of the world. Due to the shifting nature of fossil fuels, the region will be ready with multiple other revenue sources by the time comes, though fossil fuels are not going away any time soon. 

Africa 

Africa is expected to see the largest growth in (2D Machine Vision System Market) over the forecast period, as the region prepares to advance across multiple fronts. This growth aligns with the surge of investments targeting key sectors such as agriculture, mining, financial services, manufacturing, logistics, automotive, and healthcare. These investments are poised to stimulate overall regional growth, creating ripple effects across other industries as consumer spending increases, access to products improves, and product offerings expand. This development is supported by both established companies and startups in the region, with assistance from various charitable organizations. Additionally, the presence of a young workforce will address various existing regional challenges. There has been an improvement in political stability, which has attracted and will continue to attract more foreign investments. Initiatives like the African Continental Free Trade Area (AfCFTA) are set to facilitate the easier movement of goods and services within the region, further enhancing the economic landscape. 

RoW 

Latin America and the Oceania region will showcase growth over the forecast period in (2D Machine Vision System Market). In Latin America, the focus in the forecast period will be to improve their manufacturing capabilities which is supported by foreign investments in the region. This will be across industries mainly automotive and medical devices. There will also be an increase in mining activities over the forecast period in this region. The area is ripe for industrial automation to enable improvements in manufacturing across different industries and efficiency improvements. This will lead to growth of other industries in the region. 

2D MACHINE VISION SYSTEM MARKET MARGIN COMPARISON

INNOVATION INVESTMENTS BY REGION

USA– $210 billion is allocated to federal R&D with main focus on health research, clean energy, semiconductor manufacturing, sustainable textiles, clean energy, and advanced manufacturing. Investments by private players are mainly focused on technological development including 5G infrastructure and AI in the region. 

Europe– EIC is investing €1 billion to innovative companies in sectors like AI, biotechnology, and semiconductors. There is also a focus on developing the ecosystem in the continent as well as improving the infrastructure for developing industries such as electric vehicles and sustainable materials. Private players are targeting data centers, AI, battery plants, and high end technological R&D investments. 

Asia– There are investments to tackle a range of scientific and technological advancements in this region mainly coming in from China, India, South Korea, and Japan. This will include artificial intelligence, 5G, cloud computing, pharmaceutical, local manufacturing, and financial technologies. Many countries are aiming to be digital hubs including Saudi Arabia. 

Africa– Investments in the region are focused on improving the technological capabilities in the region along with socio-economic development and growth. Private participants of investments in this region is venture capital dominated who are targeting the various growth elements of the region as social stability improves. The major industries are fintech, easier lending, and manufacturing. 

Latin America – The focus in the region is for fintech, e-commerce, and mobility sectors. There are also investments in improving manufacturing in the region. Local investments is focused on improving the healthcare, and transportation infrastructure in the region. The region is attracting foreign investments to improve their ability to utilize the natural resources present in the region. 

Rest of the World– The investments in this region are focused on clean energy, green metals, and sustainable materials. Funds in Australia are focused on solar energy and battery technologies, along with high end futuristic areas such as quantum computing. The main countries of private investment in ROW will be Australia, Canada, and New Zealand. 

2D MACHINE VISION SYSTEM MARKET COMPANY PROFILES

• Cognex
• SenseTime
• AG Basler
• THE IMPERX, INC.
• Vision of USS
• OMRON Corporation  
• Keyence Corporation 
• National Instruments Corp.  
• Sony Semiconductor Solutions Corporation

2D MACHINE VISION SYSTEM MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many 2D Machine Vision System are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global 2D Machine Vision System and key vendor selection criteria
3. Where is the 2D Machine Vision System manufactured? What is the average margin per unit?
4. Market share of Global 2D Machine Vision System market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global 2D Machine Vision System in-house
6. key predictions for next 5 years in Global 2D Machine Vision System market
7. Average B-2-B 2D Machine Vision System market price in all segments
8. Latest trends in 2D Machine Vision System market, by every market segment
9. The market size (both volume and value) of the 2D Machine Vision System market in 2024-2030 and every year in between?
10. Production breakup of 2D Machine Vision System market, by suppliers and their OEM relationship