Machine Vision Systems - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Machine Vision Systems Market is accounted for $13.53 billion in 2018 and is expected to reach $33.78 billion by 2027 growing at a CAGR of 10.7% during the forecast period. Huge investments in R&D of smart camera, diverse applications of machine vision system, and persistent evolution of CMOS image sensors are the major factors driving the market growth. However, lack of accuracy against high contrast images may hinder the growth of the market.
Machine vision deals with the understanding and interpretation of images obtained during the production process. It is being used increasingly in industrial automation, which is being used in almost all of the manufacturing industries. It increases the efficiency and accuracy of the inspection process. It also has the ability to simultaneously deal with optics, information technology, mechanics and industrial automation.
By Type, 3D Measurement segment is likely to have a huge demand due to its applications in 3D imaging, which are important components of the market. By geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the significant growth of electronics and automotive industries in the regions.
Some of the key players in Machine Vision Systems Market include Toshiba Corporation, Sony Corporation, National Instruments, Cognex Corporation, Keyence Corporation, Omron Corporation, Microscan Systems Inc, Basler Ag, Ids Imaging Development Systems GmbH, MVTEC Software GmbH, Isra Vision Ag, Panasonic, Intel Corporation, Jai A/S, and Canon Inc.
• 3D Measurement
• 2D Measurement
• 1D Measurement
• Embedded Systems
• Smart Camera Based
• Personal Computer-Based
• Security & Surveillance
• Intelligent Transportation Systems (ITS)
• Flaw Detection
• Predictive Maintenance
• Quality Assurance & Inspection
• Non-Inspection Applications
End Users Covered:
• Semiconductor and Electronic Manufacturing
• Food & Beverage
• Life Sciences
• Intelligent Plant
• Medical Imaging
• Robotic Vacuum Cleaner
• Customized Consumption and Intelligent Security
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- 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
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