As someone who has been doing this exact thing for over 20 years I find it amazing there isn't a more mainstream piece of software. Illustrator and Corel Draw's tracing features are a little hit and miss. Assuming you want the vectors for something like laser engraving (my use case) then you also want the ability to draw dimensioned shapes alongside that and niether Corel nor Adobe make technical drawing applications. Incredibly there isn't a vectorisation tool or addon for AutoCAD.
The only software I've found that can do it properly is
Techsoft 2D Design, an applicaiton we use in schools here in the UK. It looks pretty ancient but its very good at what it does which is teaching technical drawing and vectorising images for projects and laser manufacture.