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Industrial Machine Vision Market to grow by USD 5.22 Billion from 2024-2028, driven by cost savings via process control and AI’s market impact – Technavio

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NEW YORK, Nov. 27, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global industrial machine vision market size is estimated to grow by USD 5.22 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.45% during the forecast period. Significant cost savings in operation due to process control is driving market growth, with a trend towards rise in demand for industrial IoT. However, technical issues in deploying machine vision cameras poses a challenge.Key market players include Adimec Advanced Image Systems bv, ADLINK Technology Inc., Advantech Co. Ltd., Allied Vision Technologies GmbH, AOS Technologies AG, Basler AG, Baumer Holding AG, Cognex Corp., Datalogic SpA, Edmund Optics Inc., ifm electronic gmbh, iX Cameras Ltd, JAI AS, Keyence Corp., Nippon Electro Sensory Devices Co. Ltd., OMRON Corp., Optronis GmbH, Sony Group Corp., Teledyne Technologies Inc., and Toshiba Corp..

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Industrial Machine Vision Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.45%

Market growth 2024-2028

USD 5219.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.42

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 36%

Key countries

US, Canada, China, Japan, and Germany

Key companies profiled

Adimec Advanced Image Systems bv, ADLINK Technology Inc., Advantech Co. Ltd., Allied Vision Technologies GmbH, AOS Technologies AG, Basler AG, Baumer Holding AG, Cognex Corp., Datalogic SpA, Edmund Optics Inc., ifm electronic gmbh, iX Cameras Ltd, JAI AS, Keyence Corp., Nippon Electro Sensory Devices Co. Ltd., OMRON Corp., Optronis GmbH, Sony Group Corp., Teledyne Technologies Inc., and Toshiba Corp.

Market Driver

The Industrial Machine Vision market is thriving due to the increasing trend towards automation and productivity in various industries. Machine Vision technology is essential for automating quality inspection, measurement, and control processes, reducing labor costs, and improving product quality. Smart Factories are integrating AI vision processors, robotics, and IoT to create collaborative work environments. The Automotive sector is a major adopter, using vision-guided robots for object detection, defect detection, and robot guidance. However, challenges such as cyber-attacks, integration, and training persist. Embedded Vision applications in sectors like Pharmaceuticals, Consumer Electronics, and Agriculture are growing, with high processing power, multi-camera support, and deep learning capabilities. Machine Vision solutions include PC-based and smart camera-based systems, hardware, software, and services, catering to various industrial verticals. 

The Industrial Internet of Things (IIoT) is revolutionizing the industrial machine vision market by enabling wireless integration with machine vision systems. This innovation reduces wiring costs through the use of acoustic sensors and wireless mesh networks, all connected to a software system. In the realm of Industry 4.0, an automated industrial setup is developed, which creates a connected ecosystem of devices, machines, and systems. This ecosystem facilitates communication and information exchange, resulting in smart factories with cyber-physical production systems (CPPS) consisting of interconnected machines, logistics systems, and production facilities, all utilizing ICT technologies. 

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 Market Challenges

The Industrial Machine Vision market is thriving as automation and productivity become top priorities for businesses. Machine Vision technology is revolutionizing industries like Automotive, Pharmaceutical, and Consumer Electronics by automating quality inspection and process control. However, challenges persist, such as labor costs, integration with smart factories, and cybersecurity concerns. AI Vision Processors, Robotics, and Vision-Guided Robots are driving advancements in quality control, object detection, and defect detection. The market includes various components like PC-based and smart camera-based systems, frame grabbers, LED lighting, and optics. Challenges include safety standards, real-time decision-making, and training. The market offers plug-and-play solutions, software components, and deep learning capabilities to address these challenges. Applications range from counterfeit product detection to traffic monitoring and dimensional gauging. The future of Machine Vision lies in collaboration with robotics, IoT, and autonomous vehicles.Industrial machine vision cameras integrated into industrial robots require both software and hardware to function efficiently. Image clarity is crucial for accurate analysis, and low-resolution cameras may compromise this. External factors like light sources or windows can also impact image quality. The software must analyze images effectively to extract valuable data. However, bugs and software errors can hinder this process. Ensuring clear images and eliminating software issues are essential for the successful implementation of vision-controlled industrial robots.

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Segment Overview 

This industrial machine vision market report extensively covers market segmentation by

Product Type1.1 PC-based1.2 Smart cameraComponent 2.1 Hardware2.2 SoftwareGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 PC-based- PC-based industrial machine vision systems consist of an industrial computer that manages and communicates with peripheral devices such as lights and cameras. The computer processes inputs from cameras and analyzes information using machine vision software, making decisions that are then communicated to the devices. These systems offer high processing power, flexibility, and the ability to handle multiple cameras or dedicated FPGA processors. The automotive and electronics industries are major adopters of PC-based industrial machine vision systems. In automobile production, these systems are used for structure surveillance, product and quality inspection, and tracking faults or damages. In the electronics industry, PC-based machine vision is essential for functions like solder paste inspection, component placement, and post-reflow inspection. The increasing demand for active safety systems in vehicles and advanced manufacturing processes in electronics is driving the growth of the PC-based industrial machine vision market. Overall, the flexibility and versatility of PC-based systems make them an ideal choice for various applications, contributing to the market’s expansion during the forecast period.

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Research Analysis

Industrial Machine Vision refers to the use of advanced image processing technology in manufacturing environments to automate inspection, measurement, and quality control processes. This technology enhances productivity, reduces labor costs, and improves product quality by minimizing errors in manual processes. Smart factories are increasingly adopting Machine Vision to enable real-time decision-making, ensuring adherence to safety standards, and enhancing the capabilities of robotics in automotive sector applications. Vision-guided robots and AI vision processors are key components of this technology, enabling automated quality inspection and process control solutions. However, challenges such as cyber-attacks and integration issues persist, requiring continuous innovation in Machine Vision Market offerings. Pharmaceutical and chemical industries are significant industrial verticals leveraging Machine Vision for product inspection and ensuring regulatory compliance.

Market Research Overview

Industrial Machine Vision is a critical component of automation and productivity in modern manufacturing, enabling real-time inspection, measurements, and quality control in various industries. Machine Vision systems are essential for smart factories, utilizing AI vision processors, robotics, and IoT to streamline production processes, reduce labor costs, and ensure product quality. These systems can detect objects, defects, and perform dimensional gauging in real-time, integrating seamlessly with collaborative robotics and plug-and-play solutions. The Machine Vision Market encompasses various sectors, including automotive, consumer electronics, pharmaceuticals, and agriculture, among others. Applications range from automated quality inspection and process control solutions to safety and security systems, such as camera surveillance and traffic monitoring. Machine Vision systems offer high processing power, multi-camera support, and deep learning capabilities, enabling real-time decision-making and improving operational efficiency. However, challenges include integration issues, cyber-attacks, and training requirements. Key components of Machine Vision systems include cameras, sensors, processors, frame grabbers, LED lighting, optics, barcode reading technology, and deep learning software. These systems are essential for industries seeking to maintain quality standards, ensure regulatory compliance, and optimize production processes.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Product TypePC-basedSmart CameraComponentHardwareSoftwareGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Mouser Electronics Explores How Artificial Intelligence Shapes Everyday Technologies and Experiences

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SHANGHAI, April 20, 2026 /PRNewswire/ — Mouser Electronics, Inc., the authorized global distributor with the newest electronic components and industrial automation products, today announced the first 2026 installment of its Empowering Innovation Together (EIT) technology series, Engineering AI for Daily Life. This installment explores how artificial intelligence is increasingly embedded in everyday products and services, from assisted search and messaging tools to healthcare wearables that monitor personal well-being. As AI capabilities expand across consumer and connected devices, engineers continue to design systems that make these technologies more useful, intuitive, and trustworthy in real-world applications.

“AI is quickly moving from experimental technology into products people rely on every day, and engineers play a major role in shaping how it’s applied,” said Jeff Newell, President of Mouser Electronics. “As AI becomes embedded across consumer devices and connected systems, it’s important that these technologies are designed to support human expertise while remaining reliable and trustworthy. This EIT segment helps engineers explore the tools and insights they need to build the next generation of AI-enabled solutions.”

As AI agents and intelligent tools become integrated into homes, connected devices, and digital services, engineers are developing systems that enhance user judgment and keep users in control while maintaining transparency and privacy. New AI-powered platforms already demonstrate this potential – turning simple conversations into complete travel itineraries or providing deeper health insights through connected devices.

On The Tech Between Us podcast, Raymond Yin, Director of Technical Content at Mouser Electronics, and Dr. Marisa Tschopp, Senior Researcher at scip AG in Zurich, examine the new role of AI in human interaction and day-to-day experiences. They explore how AI advancements shape technology-enabled collaboration, including the long-term impact of daily integration and applications for mental health.

“AI is moving beyond experimental settings into the products people rely on every day,” said Yin. “Our first EIT navigates the next era in AI innovation, looking at how to use the technology to enhance people’s abilities and rethink how we can live for the better.”

In addition to the podcast, the EIT series includes an in-depth video, technical articles, a topic-related infographic, as well as subscriber-exclusive content, diving into everyday AI. By examining the range of cases where AI can level up technical expertise, engineers can build a class of tools to help reshape how people think, decide, and create while protecting privacy and control.

Established in 2015, Mouser’s Empowering Innovation Together program is one of the electronic component industry’s most recognized educational programs. To learn more, visit https://www.mouser.com/empowering-innovation/engineering-ai-daily/ and follow Mouser on Facebook, LinkedIn, X, and YouTube.

For more Mouser news and our latest new product introductions, visit https://www.mouser.com/newsroom/.

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SOURCE Mouser Electronics

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The Global Economy Could Split in Very Different Directions by 2050

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Research from the BCG Henderson Institute Details Four Plausible Scenarios for the World over the Next 25 Years, Based on Analysis of More Than 100 Megatrends and a Century of Historical Data

BOSTON, April 20, 2026 /PRNewswire/ — The global economy could follow markedly different paths over the next 25 years. For business leaders, the challenge is how to make decisions today while preparing for a wide range of possible futures.

New Scenarios 2050 research from the BCG Henderson Institute (BHI), Boston Consulting Group’s think tank, anticipates four distinct futures that push boundaries but remain plausible. The report explores what each scenario could mean for businesses and how early signals may indicate which direction the world is heading.

Among the findings:

Global GDP growth could slow to about 1.8% or rise to 5.0% annually, with the economy reaching anywhere from 1.6 to 3.4 times today’s size.Global trade could fall to about 35% of GDP—roughly Cold War–era levels—or remain near current levels of about 60%.Defense spending could climb to as much as 7% of global GDP.Low-carbon electricity could account for 55% to 90% of power generation.

The report, Beyond Tomorrow: Four Scenarios for the World of 2050, is based on a century of historical data and analysis of more than 100 megatrends across technology, geopolitics, climate, society, and economics.

“The decisions made in the next 5 years will shape the next 25,” said Nikolaus Lang, global leader of the BCG Henderson Institute and a coauthor of the report. “Too often, the future is framed in extremes—either collapse or abundance. In reality, leaders need to be ready for a range of outcomes and make decisions that hold up across very different conditions.”

Four Plausible Futures Leaders Should Plan For

Each scenario presents a different operating environment for businesses, reflecting the range of conditions leaders may face.

Scenario 1: AI Abundance. Global cooperation on AI standards leads to faster productivity growth, wider access to technology, and abundant low-carbon energy:

Global GDP more than triples, growing by about 5% annually from 2025 to 2050—the highest level across BHI’s four plausible scenarios.Average working hours fall by about 25%, with four- or even three-day workweeks becoming common in some regions.AI-supported advances in new materials and carbon removal put the world on a delayed but credible path to net zero emissions.

Scenario 2: Battling Blocs. Geopolitical tensions divide the world into competing blocs, reducing cooperation and reshaping global trade:

Global trade falls to about 35% of global GDP, down from 57% in 2024—reversing decades of globalization.Defense spending rises to about 7% of global GDP, the highest across BHI’s four scenarios, as countries prioritize security and self-sufficiency.Global GDP growth slows to about 1.8% annually, the lowest across the four scenarios, underpinned by government spending on national security, pensions, and climate mitigation.

Scenario 3: Climate Coalition. A series of extreme weather events in the late 2020s push governments, industries, and consumers to prioritize climate resilience, accelerating the shift to low-carbon energy and infrastructure:

Global warming stabilizes at about 1.8°C.Carbon markets expand globally, with most major economies participating by 2040.The share of fossil fuels in the energy mix falls from 81% today to 35% in 2050, while electricity is generated almost entirely from low-carbon sources.Global GDP growth averages about 2.5% annually, reflecting a focus on the climate transition, slower population growth, and aging societies.

Scenario 4: Digital Darwinism. Rapid technological progress continues under limited regulation, driving strong growth while concentrating wealth and power among leading companies and tech-rich nations:

Global GDP grows at 4% per year, resulting in a near tripling of GDP.The richest 1% holds nearly half of global wealth, while the middle class continues to shrink.Gig-style and short-term contract work expands as AI and automation displace routine knowledge work.Defense spending rises to about 4% of GDP, up from 2.4% in 2024, as the global order becomes more fragmented. At the same time, global trade and supply chains remain open, driven by commercial interests.

What Leaders Can Do Now

 Across all four scenarios, the report highlights “low regret” moves that make sense for business leaders today, including:

Enhance structural resilience. Rebalance toward resilience over efficiency to maintain operations in a more volatile environment.Reimagine talent for aging populations and AI. Build strategies for intergenerational work, more flexible roles, and talent mobility—and recruit more widely, especially from emerging labor markets.Build digital flexibility and trust. Take a modular approach to tech and data stacks that accounts for rapidly changing technologies.Sharpen sensing and influencing capabilities. Develop sensing capacities along dimensions like regulation, geopolitics, resources, and technology. Build the capability to act on them quickly.Embrace a broader societal role. Prepare to shoulder more responsibility for workers’ well-being, local resilience, crisis management, and community needs.

“No one can predict exactly what 2050 will look like, but the forces shaping it are already visible,” said Alan Iny, a partner and director at BCG, a BCG Henderson Institute Fellow, and a coauthor of the report. “Planning for a single future is a gamble. The advantage will go to leaders who prepare for multiple futures and act to shape them before the direction of the world is clear.”

Download the publication here: https://www.bcg.com/publications/2026/beyond-tomorrow-four-scenarios-for-the-world-of-2050

Media Contact:                            
Eric Gregoire
+1 617 850 3783
gregoire.eric@bcg.com

About the BCG Henderson Institute
The BCG Henderson Institute is Boston Consulting Group’s strategy think tank, dedicated to exploring and developing valuable new insights from business, technology, and science by embracing the powerful technology of ideas. The Institute engages leaders in provocative discussion and experimentation to expand the boundaries of business theory and practice and to translate innovative ideas from within and beyond business. For more ideas and inspiration from the Institute, please visit our website and follow us on LinkedIn and X (formerly Twitter).

About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we work closely with clients to embrace a transformational approach aimed at benefiting all stakeholders—empowering organizations to grow, build sustainable competitive advantage, and drive positive societal impact.

Our diverse, global teams bring deep industry and functional expertise and a range of perspectives that question the status quo and spark change. BCG delivers solutions through leading-edge management consulting, technology and design, and corporate and digital ventures. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, fueled by the goal of helping our clients thrive and enabling them to make the world a better place.

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SOURCE Boston Consulting Group (BCG)

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DEKRA Korea to Acquire Global Product Service, Strengthening Consumer Electronics Testing and Certification Capabilities in Korea

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GIMHAE-SI, South Korea, April 20, 2026 /PRNewswire/ — DEKRA, a leading global provider of testing, inspection, and certification services, today announced it has signed a definitive agreement to acquire Global Product Service Co., Ltd (GPS), a prominent South Korean company renowned for its expertise in consumer electronics product testing and certification.

This strategic acquisition will significantly enhance DEKRA Korea’s capabilities within the rapidly growing consumer electronics sector, bringing together DEKRA’s global network and comprehensive service portfolio with GPS’s deep-rooted local knowledge and decades of experience serving South Korea’s leading manufacturers.

GPS has established a strong reputation for its in-depth technical expertise and unwavering commitment to quality, particularly within the consumer electronics market. For many years, GPS has been a trusted partner to major South Korean electronics companies, providing testing and certification services that ensure product safety, performance, and compliance with international standards.

The successful acquisition is a result of the strong collaboration and commitment from both DEKRA and GPS. Key representatives who participated in the signing, embodying this collaboration, were Dr. Kilian Aviles, Executive Vice President of DEKRA Group and Head of Asia Pacific Region; Ming Sheng, Vice President of Automotive Testing, DEKRA China; Young Seok Lee, CEO of Global Product Service Co., Ltd; and Seong Su Kim, Director of Global Product Service Co., Ltd.

“We are thrilled to welcome Global Product Service Co., Ltd to the DEKRA family,” said Dr. Kilian Aviles, Executive Vice President of DEKRA Group and Head of Asia Pacific Region. “This acquisition represents a significant milestone in our growth strategy in South Korea. GPS’s deep understanding of the local market, combined with their specialized expertise in consumer electronics, perfectly complements DEKRA’s global strengths. Together, we will offer unparalleled testing and certification solutions to our clients, empowering them to bring innovative and reliable products to market with greater speed and confidence.”

The integration of GPS into DEKRA Korea will leverage synergies in technology, talent, and market reach. This will enable DEKRA to further support South Korean manufacturers as they navigate complex global regulatory landscapes and strive for excellence in product development and quality assurance. Clients can expect a seamless transition and continued access to the high-quality services they have come to rely on from both organizations.

Young Seok Lee, CEO of Global Product Service Co., Ltd commented, “Joining forces with DEKRA is an exciting opportunity for GPS. DEKRA’s global reach and extensive resources will allow us to expand our service offerings and better serve our existing and future clients. We are confident that this partnership will create significant value for the South Korean consumer electronics industry, providing enhanced support and innovation.”

About DEKRA

For more than 100 years, DEKRA has been a trusted name in safety. Founded in 1925 with the original goal of improving road safety through vehicle inspections, DEKRA has grown to become the world’s largest independent, non-listed expert organization in the field of testing, inspection, and certification. Today, as a global partner, the company supports its customers with comprehensive services and solutions to drive safety and sustainability forward—fully aligned with DEKRA’s anniversary motto, “Securing the Future.” In 2024, DEKRA generated revenue of 4.3 billion euros. Around 48,000 employees are providing qualified and independent expert services in approximately 60 countries across five continents. DEKRA holds a Platinum rating from EcoVadis, placing it among the top 1% of the world’s most sustainable companies.

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SOURCE DEKRA Asia Pacific

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