Roundup Of Machine Vision Industry Forecasts And Market Estimates, 2017

Research report recognizes the following companies as the key players in the global machine vision market: Cognex Corporation, Basler, Teledyne DALSA, OMRON, and Keyence.

Other Prominent Vendors in the market are: Datalogic, Edmund Optics, and Allied Vision Technologies.

Ready more details of the report at: http://www.orbisresearch.com/reports/index/global-machine-vision-market-2017-2021

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is incorporation of thermal inspection in machine vision systems. After the improvement in the 2-D and 3-D imaging for machine visions there is a vast improvement seen in thermal inspection. Thermal inspection or thermographic imaging are infrared imaging sciences. The broadened product portfolio of manufacturers bears more risk as this brings in innovation and cost. The machine vision vendors are also introducing thermal imaging.”

Research analysts forecast the Global Machine Vision Market to grow at a CAGR of 8.92% during the period 2017-2021.

According to the report, one driver in market is significant cost savings in operation due to process control. Machine vision systems are employed in the initial stage of production. Defective components are immediately removed from the process and are not finished. At times the removed part can be re-introduced into the production process. This saves materials. Defective parts never continue to the subsequent manufacturing phase and therefore incur no further costs. The integration of machine vision systems in manufacturing units helps manufacturers in reducing the labor cost as well as avoiding the corrective action cost. With the rise in the labor cost in the US and China it is becoming difficult for manufacturers to control the cost that may later affect the competitive strategy of a company. The use of machine vision systems helps in automatic capturing of data as well as reducing defects in products and processes.

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The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Further, the report states that one challenges in market is intense competition. There is intense competition in the global machine vision market, which has led to price wars and reduced profit margins for vendors. Although vendors have patented their equipment and systems, there is a significant number of competitors entering the business with a similar type of systems. This creates a high competition. The high competition in the market is because of increased expectation from end-users. This is because there is a fast-technological improvement from normal cameras to smart cameras. In addition, at present, the availability of equipment at low prices has resulted in an increase in competition in the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.

Market driver

• Increasing demand for machine vision systems from automotive industry.
• For a full, detailed list, view our report

Market challenge

• Developing smart cameras at lower price.
• For a full, detailed list, view our report

Market trend

• Incorporation of thermal inspection in machine vision systems.
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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