Automotive Machine Vision Market Size, Share, Growth & Forecast 2027

Report Description

Global automotive machine vision market is anticipated to grow with an impressive CAGR during the forecast years on the backbone of growing automation processes in the automotive industry. Surge in the demand for quality inspection and automation further leads the growth of the global automotive machine vision market in the upcoming five years. Higher production of the automotives and growing advancements in the manufacturing technology also supports the growth of the global automotive machine vision market in the next five years. The surge in demand for application-oriented machine vision systems is also boosting the adoption of the technology in the automotives thereby aiding the growth of the global automotive machine vision market in the future five years.

Machine vision is the ability of a computer to see; it employs one or more video cameras, analog-to-digital conversion (ADC) and digital signal processing (DSP). The resulting data goes to a computer or robot controller. Machine vision is similar in complexity to voice recognition. It is a technology and methods used to provide imaging-based automatic inspection and analysis for such applications as automatic inspection, process control, and robot guidance, usually in industry. Application of this technology for the automotives is known as automotive machine vision.

Advantages of Machine Vision Drives Market Growth

Manufacturing players all around the globe have adopted the automotive machine vision technology for its benefits of machine vision systems, particularly in areas where redundant tasks, like inspection, must be performed with precision. The crucial role of automotive machine vision is in high-speed production lines and hazardous environments. The advantages also include increased productivity, reduced machine downtime, and tight process control.

Growing research and development of the self-driving cars also fuels the growth of the global automotive machine vision market in the upcoming five years. Based on vehicle autonomy extensive research is being carried out for the development of the level 4/5 vehicle autonomy for the further advancement in the self-driving cars. Higher investments in these advancements substantiate the growth of the global automotive machine vision market in the future five years.

Growing Production of Autonomous Vehicles Promise Market Growth

Rapidly increasing sales and thus the productions of the automotives further facilitates the market growth. Passenger cars, and commercial vehicles demands have multiplied in the recent years. Although numbers of no automation and manually controlled vehicles have ruled the global numbers of vehicles. Global vehicle production in the year 2021 was 80.15 million units by volume.

Although in the future years, demand for the self-driving autonomous vehicles might increase in the future five years. Current market has by far approached level 2 autonomy of the vehicle, but consistent research and development further is anticipated to have environmental detection. The technology will be able to make informed decision for themselves such as accelerating and decelerating the vehicle’s motion.

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Market Segmentation

The global automotive machine vision market segmentation is based on component, vehicle type, vehicle autonomy, regional distribution, and competitive landscape. Based on component, the market is differentiated between hardware and software. By vehicle type, the market is fragmented between passenger cars and commercial vehicles. Based on vehicle autonomy, the market is bifurcated into level 1, level 2, level 3, and level4/5. The market analysis also studies the regional segmentation, divided among Asia-Pacific region, North American region, European & CIS region, South American region, and Middle East & African region.

Company Profile

CXV Global Ltd., Stemmer Imaging AG, Keyence Corporation, Mech-Mind Robotics Technologies Ltd., AlwaysAI, Inc., are enlisted in a partial list of major market players of the global automotive machine vision market.

Report Scope:

In this report, global automotive machine vision market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Automotive Machine Vision Market, By Component:

Hardware
Software

Automotive Machine Vision Market, By Vehicle Type:

Passenger Car
Commercial Vehicle

Automotive Machine Vision Market, By Vehicle Autonomy:

Level 1
Level 2
Level 3
Level4/5

Automotive Machine Vision Market, By Region:

North America

United States
Mexico
Canada

Asia-Pacific

China
India
Japan
Malaysia
Thailand
Indonesia
Vietnam
South Korea

Europe & CIS

Germany
France
United Kingdom
Spain
Italy
Belgium
Russia

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Turkey
Iran
Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global automotive machine vision market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Automotive Machine Vision Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Automotive Machine Vision Market

5. Voice of Customer

5.1. Factors Influencing Purchase Decision

5.2. Brand Satisfaction Level

5.3. Challenges/Unmet Needs

6. Global Automotive Machine Vision Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Component (Hardware, Software)

6.2.2. By Vehicle Type (Passenger Car, Commercial Vehicle)

6.2.3. By Vehicle Autonomy (Level 1, Level 2, Level 3, Level4/5)

6.2.4. By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)

6.2.5. By Company (2021)

6.3. Product Market Map (By Component, By Region)

7. North America Automotive Machine Vision Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Component

7.2.2. By Vehicle Type

7.2.3. By Vehicle Autonomy

7.2.4. By Country (United States; Canada; Mexico)

7.3. Product Market Map (By Component, By Country)

7.4. North America: Country Analysis

7.4.1. United States Automotive Machine Vision Market Outlook

7.4.1.1. Market Size & Forecast

7.4.1.1.1. By Value

7.4.1.2. Market Share & Forecast

7.4.1.2.1. By Component

7.4.1.2.2. By Vehicle Type

7.4.1.2.3. By Vehicle Autonomy

7.4.2. Canada Automotive Machine Vision Market Outlook

7.4.2.1. Market Size & Forecast

7.4.2.1.1. By Value

7.4.2.2. Market Share & Forecast

7.4.2.2.1. By Component

7.4.2.2.2. By Vehicle Type

7.4.2.2.3. By Vehicle Autonomy

7.4.3. Mexico Automotive Machine Vision Market Outlook

7.4.3.1. Market Size & Forecast

7.4.3.1.1. By Value

7.4.3.2. Market Share & Forecast

7.4.3.2.1. By Component

7.4.3.2.2. By Vehicle Type

7.4.3.2.3. By Vehicle Autonomy

8. Asia Pacific Automotive Machine Vision Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Component

8.2.2. By Vehicle Type

8.2.3. By Vehicle Autonomy

8.2.4. By Country (China, India, Japan, Malaysia, Thailand, Indonesia, Vietnam, South Korea)

8.3. Product Market Map (By Component, By Country)

8.4. Asia Pacific: Country Analysis

8.4.1. China Automotive Machine Vision Market Outlook

8.4.1.1. Market Size & Forecast

8.4.1.1.1. By Value

8.4.1.2. Market Share & Forecast

8.4.1.2.1. By Component

8.4.1.2.2. By Vehicle Type

8.4.1.2.3. By Vehicle Autonomy

8.4.2. India Automotive Machine Vision Market Outlook

8.4.2.1. Market Size & Forecast

8.4.2.1.1. By Value

8.4.2.2. Market Share & Forecast

8.4.2.2.1. By Component

8.4.2.2.2. By Vehicle Type

8.4.2.2.3. By Vehicle Autonomy

8.4.3. Japan Automotive Machine Vision Market Outlook

8.4.3.1. Market Size & Forecast

8.4.3.1.1. By Value

8.4.3.2. Market Share & Forecast

8.4.3.2.1. By Component

8.4.3.2.2. By Vehicle Type

8.4.3.2.3. By Vehicle Autonomy

8.4.4. Malaysia Automotive Machine Vision Market Outlook

8.4.4.1. Market Size & Forecast

8.4.4.1.1. By Value

8.4.4.2. Market Share & Forecast

8.4.4.2.1. By Component

8.4.4.2.2. By Vehicle Type

8.4.4.2.3. By Vehicle Autonomy

8.4.5. Thailand Automotive Machine Vision Market Outlook

8.4.5.1. Market Size & Forecast

8.4.5.1.1. By Value

8.4.5.2. Market Share & Forecast

8.4.5.2.1. By Component

8.4.5.2.2. By Vehicle Type

8.4.5.2.3. By Vehicle Autonomy

8.4.6. Indonesia Automotive Machine Vision Market Outlook

8.4.6.1. Market Size & Forecast

8.4.6.1.1. By Value

8.4.6.2. Market Share & Forecast

8.4.6.2.1. By Component

8.4.6.2.2. By Vehicle Type

8.4.6.2.3. By Vehicle Autonomy

8.4.7. Vietnam Automotive Machine Vision Market Outlook

8.4.7.1. Market Size & Forecast

8.4.7.1.1. By Value

8.4.7.2. Market Share & Forecast

8.4.7.2.1. By Component

8.4.7.2.2. By Vehicle Type

8.4.7.2.3. By Vehicle Autonomy

8.4.8. South Korea Automotive Machine Vision Market Outlook

8.4.8.1. Market Size & Forecast

8.4.8.1.1. By Value

8.4.8.2. Market Share & Forecast

8.4.8.2.1. By Component

8.4.8.2.2. By Vehicle Type

8.4.8.2.3. By Vehicle Autonomy

9. Europe & CIS Automotive Machine Vision Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Component

9.2.2. By Vehicle Type

9.2.3. By Vehicle Autonomy

9.2.4. By Country (Germany, France, United Kingdom, Spain, Italy, Belgium, Russia)

9.3. Product Market Map (By Component, By Country)

9.4. Europe & CIS: Country Analysis

9.4.1. Germany Automotive Machine Vision Market Outlook

9.4.1.1. Market Size & Forecast

9.4.1.1.1. By Value

9.4.1.2. Market Share & Forecast

9.4.1.2.1. By Component

9.4.1.2.2. By Vehicle Type

9.4.1.2.3. By Vehicle Autonomy

9.4.2. France Automotive Machine Vision Market Outlook

9.4.2.1. Market Size & Forecast

9.4.2.1.1. By Value

9.4.2.2. Market Share & Forecast

9.4.2.2.1. By Component

9.4.2.2.2. By Vehicle Type

9.4.2.2.3. By Vehicle Autonomy

9.4.3. United Kingdom Automotive Machine Vision Market Outlook

9.4.3.1. Market Size & Forecast

9.4.3.1.1. By Value

9.4.3.2. Market Share & Forecast

9.4.3.2.1. By Component

9.4.3.2.2. By Vehicle Type

9.4.3.2.3. By Vehicle Autonomy

9.4.4. Spain Automotive Machine Vision Market Outlook

9.4.4.1. Market Size & Forecast

9.4.4.1.1. By Value

9.4.4.2. Market Share & Forecast

9.4.4.2.1. By Component

9.4.4.2.2. By Vehicle Type

9.4.4.2.3. By Vehicle Autonomy

9.4.5. Italy Automotive Machine Vision Market Outlook

9.4.5.1. Market Size & Forecast

9.4.5.1.1. By Value

9.4.5.2. Market Share & Forecast

9.4.5.2.1. By Component

9.4.5.2.2. By Vehicle Type

9.4.5.2.3. By Vehicle Autonomy

9.4.6. Belgium Automotive Machine Vision Market Outlook

9.4.6.1. Market Size & Forecast

9.4.6.1.1. By Value

9.4.6.2. Market Share & Forecast

9.4.6.2.1. By Component

9.4.6.2.2. By Vehicle Type

9.4.6.2.3. By Vehicle Autonomy

9.4.7. Russia Automotive Machine Vision Market Outlook

9.4.7.1. Market Size & Forecast

9.4.7.1.1. By Value

9.4.7.2. Market Share & Forecast

9.4.7.2.1. By Component

9.4.7.2.2. By Vehicle Type

9.4.7.2.3. By Vehicle Autonomy

10. South America Automotive Machine Vision Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Component

10.2.2. By Vehicle Type

10.2.3. By Vehicle Autonomy

10.2.4. By Country (Brazil, Argentina, Colombia)

10.3. Product Market Map (By Component, By Country)

10.4. South America: Country Analysis

10.4.1. Brazil Automotive Machine Vision Market Outlook

10.4.1.1. Market Size & Forecast

10.4.1.1.1. By Value

10.4.1.2. Market Share & Forecast

10.4.1.2.1. By Component

10.4.1.2.2. By Vehicle Type

10.4.1.2.3. By Vehicle Autonomy

10.4.2. Argentina Automotive Machine Vision Market Outlook

10.4.2.1. Market Size & Forecast

10.4.2.1.1. By Value

10.4.2.2. Market Share & Forecast

10.4.2.2.1. By Component

10.4.2.2.2. By Vehicle Type

10.4.2.2.3. By Vehicle Autonomy

10.4.3. Colombia Automotive Machine Vision Market Outlook

10.4.3.1. Market Size & Forecast

10.4.3.1.1. By Value

10.4.3.2. Market Share & Forecast

10.4.3.2.1. By Component

10.4.3.2.2. By Vehicle Type

10.4.3.2.3. By Vehicle Autonomy

11. Middle East and Africa Automotive Machine Vision Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Component

11.2.2. By Vehicle Type

11.2.3. By Vehicle Autonomy

11.2.4. By Country (South Africa, Turkey, Iran, Egypt)

11.3. Product Market Map (By Component, By Country)

11.4. Middle East and Africa: Country Analysis

11.4.1. South Africa Automotive Machine Vision Market Outlook

11.4.1.1. Market Size & Forecast

11.4.1.1.1. By Value

11.4.1.2. Market Share & Forecast

11.4.1.2.1. By Component

11.4.1.2.2. By Vehicle Type

11.4.1.2.3. By Vehicle Autonomy

11.4.2. Turkey Automotive Machine Vision Market Outlook

11.4.2.1. Market Size & Forecast

11.4.2.1.1. By Value

11.4.2.2. Market Share & Forecast

11.4.2.2.1. By Component

11.4.2.2.2. By Vehicle Type

11.4.2.2.3. By Vehicle Autonomy

11.4.3. Iran Automotive Machine Vision Market Outlook

11.4.3.1. Market Size & Forecast

11.4.3.1.1. By Value

11.4.3.2. Market Share & Forecast

11.4.3.2.1. By Component

11.4.3.2.2. By Vehicle Type

11.4.3.2.3. By Vehicle Autonomy

11.4.4. Egypt Automotive Machine Vision Market Outlook

11.4.4.1. Market Size & Forecast

11.4.4.1.1. By Value

11.4.4.2. Market Share & Forecast

11.4.4.2.1. By Component

11.4.4.2.2. By Vehicle Type

11.4.4.2.3. By Vehicle Autonomy

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Partial List of Leading Companies)

14.1.1. CXV Global Ltd.

14.1.2. Stemmer Imaging AG

14.1.3. Keyence Corporation

14.1.4. Mech-Mind Robotics Technologies Ltd.

14.1.5. AlwaysAI, Inc.

15. Strategic Recommendations

16. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

What major factors drive Global Automotive Machine Vision Market growth?

Global automotive machine vision market may grow with impressive CAGR during the forecast period, 2023-2027, on account of growing instances of automation of automotive manufacturing and inspection of the process.

What segment may lead the Global Automotive Machine Vision Market analysis based on vehicle type?

Based on vehicle type, the market is bifurcated into passenger car and commercial vehicle. Commercial vehicles are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years due to growing demands for the vehicle and increasing production of the same.

Which companies dominate the Global Automotive Machine Vision Market?

CXV Global Ltd., Stemmer Imaging AG, Keyence Corporation, Mech-Mind Robotics Technologies Ltd., AlwaysAI, Inc., among others are some of the leading companies dedicated toward providing related products and services of automotive machine vision and support the future growth of the global automotive machine vision market in the upcoming five years.

What strategic recommendations may the new market players follow in future?

New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.