Global Machine Vision Market By Deployment and by Region

by Oliver Smith Sr. SEO Executive

The GMI Research envisages an increasing demand in the Machine Vision Market over the forecast period. This is because of their assistance to enhance quality and certify safe examination, packaging as well as imparting personalized point and click interface to decrease the need of labor training.

Introduction of the Machine Vision Market

Machine vision (MV) refers to the technology used to offer imaging-based automatic examination and interpretation for applications, such as robot guidance, process control, and automotive inspection. The technology has the potential to detect objects without contemplating the position of the object.

Key Players of Market:

  • Basler AG
  • Cognex Corporation
  • Omron Corporation
  • Keyence Corporation
  • National Instruments Corporation
  • Teledyne Technologies, Inc.
  • Texas Instruments, Inc.
  • Sony Corporation
  • Allied Vision Technologies GmbH
  • Baumer Optronic GmbH
  • Jai A/S
  • Intel Corporation

Machine Vision Market Dynamics

The factors compounding the growth of the global machine vision market include the growing demand for examination and quality certitude, the augmenting requirement for vision-guided robotic systems, and the increasing production of electric and hybrid cars. In addition, the accelerating penetration of machine vision systems and robust demand to reduce human interference across several end-use industry verticals to sustain quality is further strengthening the market size.

Furthermore, the accelerating number of government initiatives to encourage industrialization and the espousal of industry 4.0, as well as the drift towards compact product design, has further compelled the market growth. Besides this, the incorporation and technological developments in imaging technology, such as deep learning, vision processing unit, machine learning, hybrid sensor, advanced 360-degree camera, and hyperspectral imaging, and the developing demand for artificial intelligence pave the way for market growth. However, the insufficient adjustable machine vision solutions and the notable changes in the end-user needs hinder the machine vision market growth.

Application Segment Drivers

The identification segment is anticipated to witness a higher Compound Annual Growth Rate over the forecast period. This is because of its more diverse application for safety purposes in traffic supervision, camera supervision, identifying number plates, and other applications. Also, the increasing implementation of machine vision technology, primarily in the packaging industry, to scan and identify labels, texts, and barcodes are further impelling the machine vision market growth.

Geographical Drivers

Based on the regional analysis, Asia-pacific is predicted to dominate the market over the coming years. APAC region is regarded as a production hub offering huge growth opportunities for the machine vision market. For example, China is accounted as a perfect destination for manufacturing units, such as electronics and automotive. Thus, all these factors, along with the rigorous demand for mechanization across various industries, will further pave the way for market growth.  

Machine Vision Market Segmentation:

Segmentation by Deployment

·         General machine vision system

·         Robotic cell

Global Machine Vision Market by Offering

·         Hardware

o   Camera

o   Interface Standards

o   Camera Link

o   Gige

o   USB 3.0

o   Coaxpress

o   Others

o   Imaging Spectrum

o   Visible

o   Visible +IR/IR

o   By Frame Rate

o   <25 FPS

o   25–125 FPS

o   >125 FPS

o   By Format

o   Line Scan

o   Area Scan

o   By Sensor Type

o   CMOS

o   CCD

o   Frame GrABBer

o   Optics

o   LED Lighting

o   Processor

o   FPGA

o   DSP

o   Microcontroller and Microprocessor

·         Software

o   Application-Specific

o   Deep Learning Software

Segmentation by Product

·         PC-Based Machine Vision Systems

·         Smart Camera-Based Vision Systems

Segmentation by Application

·         Quality Assurance & Inspection

·         Positioning and Guidance

·         Measurement

·         Identification

·         Predictive Maintenance

Segmentation by End-user Industry

·         Automotive

·         Electronics & Semiconductor

·         Consumer Electronics

·         Glass

·         Metals

·         Wood & Paper

·         Pharmaceutical

·         Food & Packaging

·         Rubber and Plastic

·         Printing

·         Machinery/Equipment

·         Solar Panel Manufacturing

·         Textile

Segmentation by Region:

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         RoW

o   UAE

o   Brazil

o   South Africa

o   Saudi Arabia

About GMI Research

A market research and consulting organization, GMI, provides insights and research reports to various enterprises. The detailed reports serve as a helping hand for clients to formulate viable business policies and achieve long term growth. The large team of analysts and industry experts provides an all-inclusive solution including a précised forecast, factors impacting the market growth, market restraints, share, size, and other aspects to acknowledge them with the approaching challenges. 

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About Oliver Smith Professional   Sr. SEO Executive

1,016 connections, 47 recommendations, 2,607 honor points.
Joined APSense since, July 20th, 2020, From Gurgaon, India.

Created on Sep 16th 2021 03:50. Viewed 265 times.


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