Europe holds a strong position in robotics, having 32% of current world markets. Industrial robotics has around one-third of the world market. Europe 2D and 3D Machine Vision Systems Market is projected to reach US$ 11,591.1 Mn by 2030 from US$ 4,789.7 Mn in 2021. The market is registering growth at a CAGR of 10.6% over the forecast period 2022-2030. 

Machine vision is an automated technology where images are taken and transferred to the PC and processed thereafter to inspect and report the processed results. According to the Automated Imaging Association (AIA), machine vision encompasses all industrial and non-industrial applications in which a combination of hardware and software provides operational guidance to devices in the execution of their functions based on the capture and processing of images. Machine vision systems rely on digital sensors protected inside industrial cameras with specialized optics to acquire images so that computer hardware and software can process, analyze, and measure various characteristics for decision making. Further, where human vision is best for qualitative interpretation of a complex, unstructured scene, machine vision excels at quantitative measurement of a structured scene because of its speed, accuracy, and repeatability. For example, on a production line, a machine vision system can inspect hundreds, or even thousands, of parts per minute.

The market is majorly driven by factors such as the increasing need for quality inspection and automation and a rise in mass production of products. A machine vision system built around the right camera resolution and optics can easily inspect object details too small to be seen by the human eye. 

Machine vision systems which are used for inspection, monitor the visual appearance of the observed material. The system automatically identifies potential defects in the material’s surface using statistical analysis and then classifies the defects into groups based on similarity, contrast, texture, and/or geometry. Thus, a machine vision system for inspection detects defects, contaminants, functional flaws, and other irregularities in manufactured products. Hence, machine vision improves quality and productivity in industries such as automation and food processing, while driving down the manufacturing cost. Further, the rise in mass production of products is propelling market growth. This is because, by deploying a machine vision system, manufacturing organizations can benefit from the increased flexibility, lower product defects, and increased overall production quality enabled by machine vision technology. Moreover, in the automotive and consumer electronics industries, the usage of industrial robots for automation has increased dramatically. As a result, there is a growing demand for machine vision systems to be integrated with vision-guided robot controllers. However, the difficulty in the integration of rule-based algorithms to perform complex inspections is hindering the market growth. 

Key Insights of the Report: 

• The latest study published by Astute Analytica analyzes the Europe 2D and 3D Machine Vision Systems Market for the study period of 2017-2030; where the historical years are 2017-2020, the base year is 2021, and the forecast period is 2022-2030.  
• The research report offers a detailed study of market determinants including market drivers, restraints, opportunities, and trends; along with an attractive presentation in the form of impact analysis to gain a simpler and easy comparison view of all market determinants.  
• The research study is a compilation of 15 chapters distributed across 196 pages with 35 lists of tables and 104 lists of figures.  
• The market is segmented based on type, components, platform, function module, camera vision & lenses, industry, and country. 
• The market estimates are presented in terms of value (US$ Mn).
• Along with market estimations, the market study was conducted on the basis of various economic models such as PESTLE and Porter’s five force models. 
• A detailed value chain analysis of the industry was conducted. It includes raw material providers, manufacturers, distributors, technology integrators/service providers, and end-users. 
• The competitive dashboard section includes analysis on the basis of Concentration Ratio (CR), based on market size and market presence of key companies.  

Key Takeaways from the Europe 2D and 3D Machine Vision Systems Market Report:

• Based on type, the 2D vision systems hold the highest share in the Europe 2D and 3D Machine Vision Systems Market. This is because these systems are compatible with most software packages and are the default technology used for most machine vision applications. Further, 2D systems are available in a continually expanding range of resolutions. However, the 3D vision systems segment is projected to register the highest CAGR during the forecast period from 2022-2030.
• In terms of components, the hardware segment dominates the market in 2021. Machine vision systems include hardware such as a camera, lens, and lighting. These components are needed to ensure that the machine vision solution satisfies the business requirements and has the right blend of performance and reliability.
• Based on the platform, the PC-based platform type leads the machine vision systems market of Europe in 2021. PCs tend to offer greater power and speed. However, the camera-based vision system holds the highest growth rate over the projection period. 
• In terms of a function module, the gauging/measurement segment holds the highest market share in 2021. A machine vision system for gauging calculates the distances between two or more points on an object and determines whether these measurements adhere to the specifications. However, the inspection & verification segment is estimated to dominate the market by 2030. 
• Based on camera vision and lenses, the camera vision segment holds the highest share in the Europe 2D and 3D Machine Vision Systems Market in 2021 and is further projected to continue its dominance over the forecast period. 
• In terms of industry, industrial application dominates the market in 2021. Further, within the industrial application, the automotive industry holds the highest market share in 2021. Machine vision cameras and associated technologies play a critical role in the safety of autonomous cars, by assisting the car in identifying and recognizing potential hazards. 
• Western Europe is the highest shareholder region in the Europe 2D and 3D Machine Vision Systems Market in 2021. Further, Germany in western Europe is the highest shareholder country while Italy possesses the highest CAGR over the forecast period. 

Competitive Landscape:

The key players in the Europe 2D and 3D Machine Vision Systems Market are Cognex Corporation, Keyence Corporation, Flir Systems Inc., and Applied Vision Corp. among others.

Segmentation Overview

The following are the various segments of the Europe 2D and 3D Machine Vision Systems Market:

By Type segment of the Europe 2D and 3D Machine Vision Systems Market is sub-segmented into:

• 1D Vision Systems
• 2D Vision Systems
  • Area Scan
  • Line Scan
• 3D Vision Systems

By Components segment of the Europe 2D and 3D Machine Vision Systems Market is sub-segmented into:

• Hardware
  • Lighting System
  • Optical system (Camera & lenses)
  • Sensors
  • Infrared Detectors
  • Industrial X-Rays
  • Others
• Software
  • On-premises
  • Cloud
• Services
  • Maintenance & Support
  • Consulting & Training

By Platform segment of the Europe 2D and 3D Machine Vision Systems Market is sub-segmented into:

• PC Based
• Camera-Based Vision System 

By Function Module segment of the Europe 2D and 3D Machine Vision Systems Market is sub-segmented into:

• Positioning/ Guidance/ Location
• Identification
• Inspection and Verification
• Gauging/ Measurement
• Soldering and Welding
• Material Handling
• Assembling and Disassembling
• Painting and Dispensing
• Others

By Camera Vision and Lenses segment of the Europe 2D and 3D Machine Vision Systems Market is sub-segmented into:

• Lens
  • Telecentric Lenses
  • Macro and Fixed Focal Lenses
  • 360-degree view lenses
  • Infrared & UV lenses
    • Short Wave Infrared Lenses
    • Medium Wave Infrared Lenses
    • Long Wave Infrared Lenses
    • Ultraviolet Lenses
• Camera Vision
  • Area Scan Camera
  • Line Scan Cameras
  • Others

 By Industry segment of the Europe 2D and 3D Machine Vision Systems Market is sub-segmented into:

• Industrial Applications
  • Automotive
  • Electronics Manufacturing
  • Food & Beverage Manufacturing
  • Packaging
  • Semiconductors
  • Pharmaceuticals
  • Warehouse & Logistics
  • Wood & Paper
  • Textiles
  • Glass
  • Rubber & Plastic
• Non-Industrial Applications
  • Printing
  • Sports & Entertainment
  • Intelligent Transportation
  • Medical Imaging
  • Retail
  • Other

By Region/Country segment of the Europe 2D and 3D Machine Vision Systems Market is sub-segmented into:

• Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
• Eastern Europe
  • Poland 
  • Russia
  • Rest of Eastern Europe