Machine Vision Systems and Components Market Report 2026

The machine vision systems and components market size has grown strongly in recent years. It will grow from $14.11 billion in 2025 to $15.01 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to quality control automation, semiconductor manufacturing growth, adoption of camera-based inspection, demand for defect reduction, industrial digitization.

The machine vision systems and components market size is expected to see strong growth in the next few years. It will grow to $19.11 billion in 2030 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to ai-driven inspection demand, smart factory deployment, growth of electric vehicle production, demand for zero-defect manufacturing, real-time analytics integration. Major trends in the forecast period include expansion of automated visual inspection, adoption of ai-based vision algorithms, integration with robotics systems, demand for high-speed inspection, growth of smart camera systems.

The increasing popularity of the e-commerce industry is expected to drive the growth of the machine vision systems and components market in the coming years. E-commerce, or electronic commerce, involves the buying and selling of products and services, as well as the transfer of money or data via electronic networks, typically the Internet. Its rising popularity is driven by convenience, accessibility, and the growing preference for online shopping. E-commerce leverages machine vision systems and components for tasks such as automated product inspection, enhanced visual search, and optimized logistics through efficient object recognition, improving both customer experience and operational efficiency. For example, in November 2023, the United States Census Bureau, a US-based government agency, reported that e-commerce sales reached 7.6% in the third quarter of 2023, up from 6.9% in the fourth quarter of 2022, with 15.4% of all sales in the second quarter of 2023 occurring through online stores. Therefore, the growing adoption of e-commerce is fueling the machine vision systems and components market.

Leading companies in the machine vision systems and components market are focusing on advanced solutions, such as autonomous machine vision systems, to boost efficiency and innovation across industries. Autonomous machine vision systems are self-contained inspection solutions that use cameras and processing algorithms to make independent decisions without human intervention. For instance, in April 2024, Cognex Corporation, a US-based provider of industrial machine vision systems, launched the In Sight L38 3D Vision System, an AI-powered solution combining 2D and 3D imaging with embedded AI algorithms for fast, reliable automated inspections. The In Sight L38 supports diverse inspection and measurement applications, detecting variable or undefined features, performing precise 3D measurements, and identifying defects often missed by traditional 2D systems, making it ideal for manufacturing automation, quality control, and complex assembly lines. This launch represents a major advancement in the machine vision market, strengthening Cognex’s position and providing industrial customers with a powerful, easy-to-deploy solution that enhances inspection accuracy and operational efficiency.

In October 2023, Cognex Corporation, a US-based industrial machine vision company, acquired Moritex Corporation. This strategic acquisition positions Cognex to expand its market reach and seamlessly deliver cutting-edge solutions to Moritex's extensive customer network. The move enhances Cognex's capabilities, enabling the provision of a more comprehensive machine vision offering to meet evolving industry demands. Moritex Corporation, based in the US, specializes in manufacturing machine vision optical components.

Major companies operating in the machine vision systems and components market are Sony Corporation, Panasonic Corporation, Texas Instruments Incorporated, Omron Corporation, Keyence Corporation, Teledyne Technologies Incorporated, Cypress Semiconductor Corporation, National Instruments Corporation, Cognex Corporation, FLIR Systems Inc., Baumer Optronic GmbH, Basler AG, Vitronic GmbH, Perceptron Inc., Point Grey Research Inc., Scorpion Vision Ltd., Hitachi Industrial Equipment Systems Co. Ltd., IDS Imaging Development Systems GmbH, Sick AG, Lumenera Corporation, Adept Technology Inc., Microscan Systems Inc., Allied Vision Technologies GmbH, JAI AS, Optotune AG.

Asia-Pacific was the largest region in the machine vision system and components market in 2025. The regions covered in the machine vision systems and components market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the machine vision systems and components market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The machine vision system and components market consists of revenues earned by entities by providing services such as consultation and needs analysis, integration services, software development and customization, technical support and maintenance, and quality assurance and validation. The market value includes the value of related goods sold by the service provider or included within the service offering. The machine vision system and components market also includes sales of cameras, frame grabbers, lighting, processors, sensors, industrial protocols, and optics. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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