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Industrial Machine Vision Lens Market

Industrial Machine Vision Lens Market Forecasts to 2028 – Global Analysis By Product (Smart Camera, PC), Type (S-Mount, C-Mount), Camera (Area Scan, Line Scan), Application (Measurement, Identification) and By Geography

4.7 (48 reviews)
Published: August 2021 ID: SMRC20913
4.7 (48 reviews)
Published: August 2021 ID: SMRC20913

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Industrial Machine Vision Lens Market is accounted for $6,650.57 million in 2020 and is expected to reach $14,360.10 million by 2028 growing at a CAGR of 10.1% during the forecast period. Growing industrialization, rise in the need for quality inspection and automation and increasing use of machine learning are driving the market growth. However, lack of skilled professionals is hampering the growth of the market.

Industrial machine vision lenses are used to provide images through the lens in the output device for analysis and inspection in various industrial applications. Machine vision lenses are a combination of smart cameras and smart sensors. form of technology that would allow a computer system to examine, analyze and recognize objects or items which are in motion. Machine vision is different compared to computer vision.

Based on the deployment, the robotic cell segment is going to have lucrative growth during the forecast period due to the developments in AI and machine learning robotic cell reduces the work force required, which consequently results in reducing the cost of company. This factor is predicted to be driving the robot cell deployment segment.

By geography, Europe is going to have high growth during the forecast period due to the cost of production and the lower cost of capital machinery rendering it appropriate to audit, gauge and quantify the performance of the workforce in the region.

Some of the key players profiled in the Industrial Machine Vision Lens Market include NAVITAR, Sony Corporation, Intel Corporation, Teledyne Technologies Incorporated , OMRON Corporation , AlphaTechSys Automation LLP, Cognex Corporation and ISRA VISION AG.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 6,650.57 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

10.1%

Predicted 2028 Value:

USD 14,360.10 million

Forecast Years:

2021-2028

Tables, Graphs& Figures

144

Chapters Covered:

Product, Offering, Type, Camera, Deployment, Application and Region

Core Drivers and Opportunities:

  • Growing industrialization
  • Rise in the need for quality inspection
  • Increasing use of machine learning

Restraining Factors & Market Threats:

  • Lack of skilled professionals
  • Rising security concerns


Products Covered:
• Smart Camera Based
• Personal Computer-Based   

Offerings Covered:
• Hardware
• Software

Types Covered:
• S-Mount
• C-Mount
• F-Mount
• CS-Mount

Cameras Covered:
• Area Scan Camera
• Line Scan Camera   

Deployments Covered:
• General Machine Vision System
• Robotic Cell   

Applications Covered:
• Quality Assurance & Inspection
• Measurement
• Identification and Predictive Maintenance
• Positioning & Guidance   

 Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Industrial Machine Vision Lens Market is majorly driven by growing industrialization, rise in the need for quality inspection and automation and increasing use of machine learning.

The robotic cell segment is growing at a highest CAGR due to due to the developments in AI and machine learning robotic cell reduces the work force required, which consequently results in reducing the cost of company.

Europe dominated with a significant market share due to the factors such as the cost of production and the lower cost of capital machinery rendering it appropriate to audit, gauge and quantify the performance of the workforce in the region.

Asia Pacific market is growing at a highest CAGR owing to the presence of large number of manufacturing units in the region due to the availability of the labor at a cheaper rate.

Key players in Industrial Machine Vision Lens Market include NAVITAR, Sony Corporation, Intel Corporation, Teledyne Technologies Incorporated, OMRON Corporation, AlphaTechSys Automation LLP, Cognex Corporation and ISRA VISION AG.

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