Machine vision is an automatic inspection that uses image-based technologies for several applications such as process control and robot guidance. The global machine vision market is expected to garner 8.18% CAGR over the review period (2017-2022) and the process would help the market cross USD 15.46 billion valuation by that time. Market Research Future (MRFR) in its recently published report claims that the growth of the market would depend much on its easy percolation into industries.
Factors such as automotive, electronics, and other sectors are bound to take the Machine Vision Market forward in the coming years. The advent of miniaturized products due to progress in the technology can help the market with much opportunity. This technology is primarily used for inspection and measurement of products.
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.
MRFR selected four segments for a detailed analysis of the global machine vision market. These four segments are type, application, component, and end-user. Such an analysis based on segmentations is needed for a proper understanding of the market in the coming years. This would also help in unraveling various factors that can trigger the market growth.
Based on types, the global machine vision market can be segmented by 1D machine, 2D machine, and 3D machine. 3D machine vision segment is expected to gain substantial ground in the coming years owing to the benefits in modelling and correction it provides.
Based on the application, the machine vision market can be segmented into inspection, gauging, guidance, identification, and other. Machine complexities can be understood in a better way with thorough analysis of the end-product from its nascent stage.
Based on components, the machine vision market can be segmented into hardware and software. The hardware segment can be segmented into ASMV, cameras, sensors, illuminations, processors and other. The hardware segment is important in analyzing the entire machine to its minute detail.
Based on the end-user, the machine vision market includes automotive, electronics and semiconductor, healthcare, food and packaging, and other. The electronics and semiconductor segment has a lot of potential owing to its miniature size which needs efficiency in handling.
North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW) are the four major regions included in the global machine vision market report made by MRFR. The report aims at locating growth pockets and understanding different market dynamics for a better predictive study.
Technological superiority and easy integration of latest modes into the mainstream industries have kept North America in the forefront and would continue to do so in the coming years. The regional market is also witnessing significant market investment owing to which the research and development sector is experiencing multifold surge.
Europe is also known for its technological advanced state. Several market titans are based out of this region. At the same time, booming automotive industry and engaging electronics sector are providing much traction for the easy integration of machine vision and its growth.
The APAC region is full of emerging economies where the industrial revamping is creating ample scope for industries to proliferate. For major market players, the region is evolving as a lucrative option. The electronics industry is quite strong because of the presence of China, Japan, Thailand, and others.
TABLE OF CONTENTS
1 Market Dynamics
1.1 Market Drivers
1.1.1 Increasing Miniaturization Of Products
1.1.2 Need For Quality Inspection
1.1.3 Increasing Standardization
1.2 Market Restraints
1.2.1 Complexity In Integrating Machine Vision Systems
1.3 Market Opportunity
1.3.1 Trend Towards Automation
1.4 Market Challenges
1.4.1 Lack Of Awareness
1.5 Supply Chain Analysis
1.6 Porter’s Five Forces Analysis
2 Global Machine Vision Market, By Type
2.2 1D Machine
2.3 2D Machine Vision
2.4 3D Machine Vision
3 Global Machine Vision Market, By Application
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