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Factory Automation and Machine Vision Market is Projected to Grow at a Healthy CAGR During 2016 – 2024
The entire data about the worldwide "Factory Automation and Machine Vision Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024" going from the fundamental presentation and history of the market to the broke down information with respect to the market development and improvement are given in the worldwide Factory Automation and Machine Vision Market report. The changed market report gives in-detail broke down information to manage its clients in comprehension and envisioning the development and advancement of the worldwide Factory Automation and Machine Vision Market for an explicit figure period. After profound research and examination by the specialists, they likewise revealed the information about the solid contenders contributing in the market development and extension and testing each other as far as interest, supply, generation, esteem estimation, income, and deals.
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Information and communication technology (ICT) have become vital part of social infrastructure. Hence, such system that permits society for better and efficient functioning is needed. The machine vision (MV) is a new concept that meets such expectations. This technology controls machine movement by processing visual information. Machine vision (MV) acts as a backbone for factory automation (FA) in any manufacturing industries. Moreover, machine vision (MV) has extended its advantage in several applications such as security, medicine, and agriculture. Machine vision (MV) automatically captures pictures & transfers files on computer. Captured pictures go through inspection. Small camera is fixed along with image sensor for capturing the image where vision software examines image and data are communicated to other peripheral devices.
Global Factory Automation and Machine Vision Market: Segmentation
The global factory automation and machine vision market is bifurcated based on applications as original equipment manufacturers (OEMs), automotive, power, plastics, oil & gas, pharmaceuticals, textile, food processing, chemicals, and printing & packaging. The global market is further segmented based on technology as information technology system, distributed control systems (DCS), supervisory control and data acquisition (SCADA), enterprise resource planning (ERP), programmable logic control (PLC), and manufacturing execution system (MES). The field devices segment is further sub-segmented as motion & drives, robotics, relays & switches, sensors, and others.
Global Factory Automation and Machine Vision Market: Growth Factors
Introduction of advanced computing technologies, image-sensing devices along with communication are driving the global market. With introduction of technological advancements, it is able to perform multidimensional invisible information. This in turn is expected to fuel the global factory automation and machine vision market growth in future. Moreover, advanced technologies including smart cameras and vision-guided robotics may augment the scope of the factory automation and machine vision in manufacturing sectors. Factory automation and machine vision systems are used in many manufacturing applications such as consumer goods, semiconductors, medical devices, packaging, pharmaceuticals, automotive, and electronics may to propel in the global market growth.
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Global Factory Automation and Machine Vision Market: Regional Analysis
Mexico is one of the dominating regions in the global factory automation and machine vision market. Manufacturing activities in this region took the factory automation and machine vision to the new heights. Manufacturing bases are shifting to Mexico from China contributing for the largest foreign direct investment and leading to market growth. However, increasing scope of factory automation and machine vision in the heating ventilation air conditioning (HVAC) systems, electronic power distribution systems, and human machine interface (HMI) are also anticipated to witness growth in future.
Global Factory Automation and Machine Vision Market: Competitive Players
Some key players dominating the global factory automation and machine vision market are Johnson Controls Inc, Siemens Ag, Emerson Electric Company, ABB LTD, Rockwell Automation Inc., and Honeywell International Inc. Other major players influencing the global market are Eastman Kodak, General Electric Company, Yokogawa Electric Corporation, Teledyne Dalsa Inc, Texas Instruments Inc, and Schneider Electric SA.
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