Overview Machine Vision Market: Global Industry Trends Opportunity and Forecast 2018-2023
Added: (Mon Dec 10 2018)
Pressbox (Press Release) -
Over the past few years, the global machine vision market has witnessed a healthy growth. The trend of product miniaturization has increased the demand for machine vision systems as they play an important role in inspecting defects in both industrial and non-industrial applications.
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Global Machine Vision Market Summary:
Based on type, the market has been segregated as vision systems, cameras and others. At present, vision systems dominate the market, holding the largest share, as these devices are able to detect errors and timely deliver information.
On the basis of components, the machine vision market has been bifurcated into the hardware and software categories. Amongst these, hardware components account for the majority of the total market share as they play a vital role in integrating smart components in order to improve the efficiency of machine vision systems.
The market has also been segmented on the basis of applications into positioning, identification, verification, measurement and flaw detection. Positioning currently represents the largest segment, holding the dominant share.
The market has also been divided on the basis of industry into automotive; medical and pharmaceutical; electronics and semiconductor; food, packaging and printing; security and surveillance; intelligent traffic system; and identification.
Region-wise, Asia Pacific is the leading market, accounting for the majority of the global share. Rapid industrial expansion in countries like China, Japan, India and South Korea is contributing to the development of several innovative products and adoption of advanced technologies in the region. Other major markets include Europe, North America, Middle East and Africa, and Latin America.
The competitive landscape of the market has also been examined with some of the key players being Cognex Corporation, Basler AG, Omron Corporation, National Instruments Corporation, Keyence Corporation, Sony Corporation, Teledyne Technologies, Inc., Texas Instruments, Inc., Allied Vision Technologies GmbH, Intel Corporation, Baumer Optronic GmbH and Jai A/S.
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