Machine Vision Market - To Grow From $8.08 Billion in 2015 to $12.50 Billion by 2020

18 Dec, 2015, 08:00 ET from Research and Markets

DUBLIN, December 18, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/6gzxzx/machine_vision) has announced the addition of the "Machine Vision Market - Global Forecast to 2020" report to their offering. 

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Forecast the machine vision market to grow from USD 8.08 Billion in 2015 to USD 12.50 Billion by 2020, at a CAGR of 9.1% between 2015 and 2020. 

Increasing need for quality inspection and automation, growing demand for vision-guided robotics system, rise in wages of labor in china which increases the investment opportunities in vision-guided robots, growing number of regulatory mandates in manufacturing industries, and growing demand for application-specific machine vision systems among the consumers' activities are creating a huge demand for machine vision across the world. Growing manufacturing facilities in the developing regions and advancements in vision technology and industrial expansion are exploring machine vision in new market avenues. 

The scope of this report covers machine vision market by component, product, application, vertical, and region. Quality assurance and inspection is expected to have the largest market share in global market. The identification application is expected be the fastest-growing application in various industrial and non-industrial applications during the forecast period. 

In future, the camera segment is likely to undergo more advancement with the introduction of 3D machine vision concept and is expected to bring new growth avenues for the machine vision market. Software is expected to be the fastest-growing component during the forecast period. 

The APAC market is estimated to be the fastest-growing region between 2015 and 2020. Increasing manufacturing facilities and growing industrial base of China are the factors driving the machine vision market in APAC. Owing to the recent developments and increased expenditure on vision-related R&D activities, Asia-Pacific is expected to be the fastest-growing market. 

Conversely, factors inhibiting the market growth are the varying end-user requirements and lack of flexible machine vision solutions.

Key Target audience: 

  • Product manufacturers and suppliers
  • OEMs
  • System integrators
  • Component manufacturers
  • Software providers
  • Suppliers & distributors
  • End users

Companies Mentioned: 

  • Adept Technology, Inc.
  • Basler AG
  • Cognex Corporation
  • IDS Imaging Development Systems GmbH
  • ISRA Vision AG
  • Keyence Corporation
  • Microscan Systems, Inc.
  • Mvtec Software GmbH
  • National Instruments
  • Omron Corporation
  • Perceptron, Inc.
  • Sony Corporation
  • Teledyne Technologies Incorporated
  • Vitronic GmbH

Key Topics Covered: 

1 Introduction 

2 Research Methodology 

3 Executive Summary 

4 Premium Insights 

5 Market Overview 

6 Industry Trends 

7 Machine Vision Market, By Component 

8 Machine Vision Market, By Product 

9 Machine Vision Market, By Application 

10 Machine Vision Market, By Vertical 

11 Geographical Analysis 

12 Competitive Landscape 

13 Company Profiles 

For more information visit http://www.researchandmarkets.com/research/6gzxzx/machine_vision

Research and Markets: 

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SOURCE Research and Markets