Pune, India -- (SBWIRE) -- 10/26/2017 -- Market Synopsis of Machine Vision Market

Market Scenario

Miniaturization can be considered as a trend of manufacturing smaller, optical and electronic products or devices. Miniaturization can be referred as reduced in size but increase in aptitude. Looking through the current scenario we can see that trend towards small gadgets, smaller sized machines is continuously increasing. Miniaturization of machines is taking rapid footsteps. These miniaturized products have a very complex structure. There is a need of inspecting these miniaturized products. But the inspection of these miniaturized products is beyond the human visual sense. Thus, there is a requirement for more advanced system that can be used for inspection and measurements of miniaturized products.

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The machine vision system successfully substitutes the human visual inspection and judgement capabilities. Machine vision systems use cameras with different functionalities, sensors and image processing for inspections and measurements. The miniaturized products, devices, machines are effectively inspected and measured using machine vision systems.

The global Machine Vision market is expected to reach USD 15.46 billion by the end of 2022 with 8.18% CAGR during forecast period 2017-2022.

Key Players

The prominent players in the market of Machine Vision Market are – Cognex Corporation (U.S.), Vitronic GmbH (Germany), Perceptron, Inc. (U.S.), Microscan Systems (U.S.), Basler AG (Germany.), National Instruments (U.S.), Optotune AG (Switzerland), USS Vision (U.S.), ViDi Systems SA (Switzerland), Keyence (Japan), Omron Corporation (Japan) among others.

Global Machine Vision Market Structure

By Type

1D Machine
2D Machine Vision
3D Machine Vision
By Application

Inspection
Gauging
Guidance
Identification
Others

By Components

- Hardware

ASMV
Cameras
Sensors
Illuminations
Processors
Others

- Software

By End Users

Automotive
Electronics & Semiconductor
Healthcare
Food & Packaging
Others

By Region

North America
Europe
Asia Pacific
Row
Segments:

Global Machine Vision Market for segment on the basis of position, type, technology and application.

Machine Vision Market by Position:

Overhead Beam
Horizontal Beam

Machine Vision Market by Type:

Bidirectional
Unidirectional

Machine Vision Market by Technology:

Wired
Wireless

Machine Vision Market by Application:

Transportation
Retail
Banking & Finance
Hospitality
Sports & Entertainment
Government
Others

Regional Analysis:

Machine Vision Market is growing with the positive growth in all the regions. Increasing application areas year on year and advancement in technology and integration is driving the market on global scale. On the basis of region, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific is dominating the global market with more than 30% of market share followed by Europe which stands as second biggest market due to the heavy demand from automotive and healthcare industry. North America stands as third biggest market.

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Intended Audience

Data Centers
Manufacturing Companies
Software Developers
Energy Generation Companies
Technology Providers
Distributors
Research firms
Consultancy firms
Semiconductor Manufacturers
Stakeholders
End-user sectors
Technology Investors

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