Growing Non Industrial Application will escalate the Machine Vision Systems Market at a CAGR of 7.0%Published Date: Feb 2017
Latest market study on “Machine Vision Systems to 2025 by Type (Smart Machine Vision Systems, PC-Based Machine Vision Systems and 3D Machine Vision Systems), Components (Cameras, Frame Grabbers, Processors, Illuminations & Optics, Vision Software and Others) and End-users (Automotive, Consumer Electronics, Food & Beverage, Pharmaceuticals, Logistics and Others) – Global Analysis and Forecast”, the machine vision systems market is estimated to reach US$ 14.48 billion by 2025 from US$ 7.50 billion in 2015. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.
Browse market data tables and in-depth TOC of the Global Machine Vision Systems Market (2016–2025)
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The global machine vision systems market for the end-user industries is fragmented into Automotive, Consumer Electronics, Food & Beverage, Pharmaceuticals, Logistics and Others. The segmentation is based upon need for machine vision systems to improve mobility and security. Consumer electronics in the machine vision systems market acquires the majority share, followed by automotive and food & beverages. Short product lifecycles of the consumer electronics products, high quality standards requirements by consumers and high labor investments have resulted in the increasing adoptions of machine visions systems by consumer electronics manufacturers worldwide.
Emergence of industrial Internet of things and novel technologies like CoaXPress are some of the trends contributing to the growth of machine vision systems market. Almost all the industry verticals are increasingly demanding in this market.
Machine Vision Systems are the next generation intelligent systems mainly used in industrial applications for detection, identification, measurement, inspection and so on. Recently ISRA Vision AG, one of the leading competitors in the market launched a new solution that performs the optical inspection of plastic films that is used in various end-user purposes. Detecting defects, optimizing processes, increasing yield-optical inspections are some of the functions of the solution. Such developments in the market are anticipated to further fuel the growth of machine vision systems in the years to come.
Some of the leading machine vision systems market players are Basler AG, Cognex Corporation, Keyence Corporation, Omron Corporation and National Instruments. OmniVision, DataLogic, and Microscan Systems among others.
Machine Vision Systems, Global Breakdown by Regions, 2015 (%)
Source: The Insight Partners Analysis, December 2016
The report segments the global machine vision systems market as follows:
Global Machine Vision Systems Market – By Types
Smart Machine Vision Systems
PC-Based Smart Machine Vision Systems
3D Machine Vision Systems
Global Machine Vision Systems Market – By Components
Illuminations & Optics
Global Machine Vision Systems Market – By End-users
Food and Beverage
Global Machine Vision Systems Market – By Geography Global Machine Vision Systems Market By Geography
Asia Pacific (APAC)
Middle East & Africa (MEA)
South America (SA)