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Provides a comprehensive guide about how to use machine vision for Industry 4.0 applications like analysis of images for automated inspections, object detection, object tracking etc. Includes case studies of Robotics Internet of Things with its current and future applications in Healthcare, Agriculture, Transportation, etc. It highlights the inclusion of impaired people in industry, like intelligent assistant that helps deaf-mute people to transmit instructions and warnings in a manufacturing process. It examines the significant technological advancements in machine vision for industrial Internet of things and explores the commercial benefits using the real world applications from healthcare to transportation. Provides a conceptual framework of Machine vision for the various Industrial applications. Addresses scientific aspects for a wider audience such as senior and junior engineers, undergraduate and post-graduate students, researchers, and anyone else interested in the trends, development, and opportunities for the Machine Vision for Industry 4.0 applications.