Global Camera Inspection Market Growth

According to the data of Markets and Markets, from 2010 to 2020, the scale of the global machine vision market has been on the rise. In 2020, the global machine vision market reached 10.7 billion US dollars, with a compound growth rate of 14.48% in the past five years. The first application of machine vision comes from the development of "robot". In the 1970s, the appearance of CCD image sensor and the replacement of silicon target camera by CCD camera is an important turning point in the development of machine vision. In the 1980s, the rapid progress of CPU, DSP and other image processing hardware technology provided the basic conditions for the rapid development of machine vision. Since the 20th century, the global machine vision industry started rapid growth, European and American enterprises in the global machine vision industry in a leading position.

According to Markets and Markets, Europe has the largest market share in machine vision globally, accounting for 36.4%. Next is North America, with a global share of 29.3%. With the growth of the Asia-Pacific region, where countries such as China, Japan, India and South Korea have some of the largest manufacturing facilities, automation of the manufacturing process has been regarded as a top priority, accounting for 25.3% of the global market share; South America, the Middle East and Africa accounted for 9.1 percent. Although the market share of Asia-Pacific and other regions has increased under the attention of the country, the current global machine vision industry is still dominated by European and American enterprises.

Since 2010, with the development of automation technology and the continuous innovation of industrial robot technology, the global demand for industrial robots has significantly accelerated. According to the latest report released by the International Federation of Robotics (IFR), the number of robot installations worldwide increased gradually from 2012 to 2018, although there were some in 2019