Press release
Research shows how to gain international footprint in Machine Vision industry
Machine vision system is the automatic analysis and inspection of the production line, based on imaging, used in process control, verification, measurements, robot guidance, and other functions. Machine vision includes a complete solution starting from acquiring an image to interacting to management information system. The incapability of human inspector to maintain a high level of error recognition for a long period of time can be overcome by replacing them with machine vision system and services. The global machine vision market is expected to grow at a CAGR of 9.8% from 2017 to 2025.Based on component, the market comprises smart camera, embedded system, frame grabber, lighting, and lenses. By application, the market is divided into positioning, identification, verification, measurement, and flaw detection. Market by type comprises 1D, 2D, and 3D measurements. Based on industry verticals market is classified as industrial, healthcare, electronics, automotive and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
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Market Dynamics:
Drivers:
• Cost-effective, faster, and high functionality & accuracy for an inspection procedure.
• Continued evolution of CMOS image sensors.
• Rise in demand for automation in industrial applications.
Restraints:
• Intensive training and education.
Market Players:
The top players in the global machine vision market include Cognex Corporation, Teledyne Technologies, Inc., Keyence Corporation, Datalogic, IVISYS, Microscan, National Instruments, Optotune, ProPhotnix, and ViDi Systems.
MARKET LANDSCAPE
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BY COMPONENT
• Smart Camera
• Embedded System
• Frame Grabber
• Lighting
• Lenses
BY TYPE
• 1D Measurement
• 2D Measurement
• 3D Measurement
BY APPLICATION
• Positioning
• Identification
• Verification
• Measurement
• Flaw Detection
BY INDUSTRY VERTICAL
• Industrial
• Healthcare
• Electronics
• Automotive
• Others
By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
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