BANGALORE, India, Dec. 10, 2019 /PRNewswire/ -- Machine vision is the software used to provide automated inspection and evaluation based on imaging for applications such as automatic inspection, process control, and robot guidance, typically in manufacturing.
TRENDS INFLUENCING THE GLOBAL MACHINE VISION MARKET SHARE
Increasing demand for vision-guided robotic system.
Increasing application in pharmaceutical and food packaging industry.
During the forecast period, the machine vision market in APAC is expected to increase at the highest CAGR. As it is considered a manufacturing hub for most sectors, APAC is expected to provide ample growth opportunities for the sector.
China is an ideal destination for numerous industries ' production units, including electronics and automotive. Because of the country's increasing demand for automation, the market in China is projected to see a higher growth than in other APAC countries.
The Key Manufacturers In Machine Vision Market Include
Allied Vision Technologies
By The Product Type, Machine Vision Market Is Primarily Split Into
By The End Users/Application, Machine Vision Market Report Covers The Following Segments
Intelligent Transportation System
The Study Objectives Of This Report Are:
To study and analyze the global Machine Vision market size (value & volume) by company, key regions/countries, products and application, history data from 2013 to 2017, and forecast to 2025.
To understand the structure of Machine Vision market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Machine Vision manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in the next few years.
To analyze the Machine Vision with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Machine Vision submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
REPORTS COVERING SPECIFIC SUBSETS OF MACHINE VISION MARKET
1. GLOBAL INDUSTRIAL MACHINE VISION MARKET
This report studies the size (value and volume) of the Industrial Machine Vision market by players, countries, product types and end industries, 2013-2017 historical data and 2018-2025 forecast data; this report also studies the global competitive landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The global market size of Industrial Machine Vision was 8.44 Billion US$ in 2018, with a CAGR of 6.86% between 2019 and 2025.
Governments of various countries around the world are promoting manufacturing investment, which includes the use of various automation products for structural growth. It is expected that AI integration in industrial machine vision technology will fuel the growth of the industrial machine vision market for software during the forecast period as deep learning enables machines to recognize images.
TRENDS INFLUENCING THE GLOBAL INDUSTRIAL MACHINE VISION MARKET SHARE
Increasing need for quality inspection and automation.
Growing demand for AI and IoT integrated machine vision system.
Increasing adoption of Industrial 4.0
Development of new connected technologies.
Government initiatives to support smart factories.
2. GLOBAL MACHINE VISION TECHNOLOGY MARKET
Demand for minimal human intervention to maintain performance across various verticals, especially those with advanced manufacturing techniques, has grown significantly over the past few years.
Machine vision technologies comprise of smart cameras that run and function independently without having to depend on the computers. In addition, the adoption of machine vision systems in industrial and non-industrial sectors is expected to increase this market's demand and growth.
The global market size of Machine Vision Technology was 8.44 Billion US$ in 2018, with a CAGR of 6.86% between 2019 and 2025.
Trends Influencing The Machine Vision Technology Market Share
Advancements in imaging technology
Increasing demand for minimum human intervention to maintain quality
Region Wise Machine Vision Technology Market
Due to factors such as increased demand for quality inspection & assurance, adoption of Industrial 4.0, and government initiatives to support smart factories, North America and Asia Pacific together has dominated and led the global machine vision market in 2018.
These regions are expected to see above-average growth during the forecast period, particularly in Asia Pacific. Additionally, the presence of a large manufacturing hub in each of these regions, coupled with enormous investments for automation, is expected to drive market growth during the forecast period.
3. GLOBAL 3D MACHINE VISION MARKET
3D machine vision is used in different industries including automotive, healthcare, defense, microelectronics, consumer electronics, and logistics. The adoption of automation across all vertical industries, especially in the automotive and consumer electronics, is growing day by day, which is one of the key factors in 3D machine vision market growth.
The global market size of 3D Machine Vision was 1.06 Billion US$ in 2018, with a CAGR of 9.75% between 2019 and 2025.
Trends Influencing Global 3d Machine Vision Market Share
Increasing demand for non-industrial 3D machine vision systems
Region Wise Global 3d Machine Vision Market Analysis
Asia Pacific dominates the market share of 3D machine vision, and in the coming years the market for 3D machine vision is expected to grow at a high rate in this region.
The main reason for the growth of APAC's market for 3D machine vision is the growing adoption of automation across all industries, especially in consumer electronics and automotive.
4. GLOBAL MACHINE VISION SYSTEMS MARKET
Machine vision is the software and methods used to provide automated inspection and evaluation based on imaging for applications such as automatic inspection, process control, and robot guidance, typically in manufacturing.
The global market size of Machine Vision Systems was 8.44 Billion US$ in 2018, with a CAGR of 6.86% between 2019 and 2025.
The significant driver of the global machine vision system market is the growing need for industrial automation. In addition, the current consumer miniaturization trend has made machine vision systems an important device for miniaturized product inspection and measurement. Machine vision systems are thus widely adopted in manufacturing industries in order to avoid errors and to have adequate identification of defects along with monitoring of sensitivity.
Trends Influencing The Global Machine Vision Systems Market Share
Increasing factory or industrial automation
Increasing demand from numerous end-user industries
Raising trends of product miniaturization
5. GLOBAL MACHINE VISION SYSTEMS AND COMPONENTS MARKET
This study presents the global market size of Machine Vision Systems and Components (value, production and consumption), divides the breakdown by manufacturers, area, form and application (data status 2014-2019 and forecast to 2025).
The global market size of Machine Vision Systems and Components was 8.44 Billion US$ in 2018, with a CAGR of 6.86% between 2019 and 2025.
This study focuses on the volume and quality of Machine Vision Lenses at international, regional and corporate level. From a global perspective, by analyzing historical data and future prospects, this report represents the overall market size of Machine Vision Lenses.
The global market size of Machine Vision Lenses was 1.57 Billion US$ in 2018, with a CAGR of 13.05% between 2019 and 2025.
The study focuses on a number of key regions in the region: North America, Europe, China and Japan.
The report provides the production capacity, ex-factory cost, revenue and market share for major producer at the company level.
7. GLOBAL VISION SENSOR MARKET
During the forecast period, 3D vision sensors will hold the largest market share for the vision sensor market. 1D and 2D vision sensors for inspection, calculation, code reading and localization applications across end-user industries such as automotive, electronics & semiconductors, pharmaceuticals, food & packaging is also expected to drive the demand.
The global market size of Vision Sensor was 1.84 Billion US$ in 2018, with a CAGR of 10.21% between 2019 and 2025.
During the forecast period, these sensors will be on demand from APAC, Europe, and North America.
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