Global Machine Vision Systems market is expected to grow from US$ 8.1billion in 2015 to US$ 15.01 billion by 2025 at a CAGR of 7.0% between 2015 and 2025.
Machine Vision Systems are the next generation intelligent systems mainly used in industrial applications for detection, identification, measurement, inspection and so on. These systems play major roles in robotics; these are used to guide the autonomous robots also known as ‘self-navigating robots’. Various industries such as automotive, food & beverage, pharmaceuticals are much concerned about reducing labor intensive processes, increasing accuracy and speed; machine vision systems are in demand to overcome these concerns.
The Machine Vision Systems market report focuses on an in-depth segmentation of this market based by type, components, and end-users. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. Machine vision and components market is expected to experience significant growth in the coming years due to the increasing demand in industries such as automation, robotics and nonâ€“manufacturing which include intelligent transport system, logistics and medical, exhibiting substantial Machine Vision Systems market growth.
The Machine Vision Systems market report aims to provide an overview of global machine vision systems market with detailed Machine Vision Systems market segmentation. Also, it analyzes the current machine vision systems market scenario and forecasts the market till 2025. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The Machine Vision Systems market report also provides porter’s five forces analysis and SWOT analysis for all company profiled in the Machine Vision Systems market report.
Machine Vision Systems market has set the highest growth record in North America in 2014. Whereas, Europe is the major manufacturer and exporter of these systems worldwide. Rapidly growing economies in Asia-Pacific (APAC) with significant growth in automotive sector will pave the path for increasing adoption and propel the market for machine vision systems. The region is expected to lead the market with highest CAGR during the forecast period.
Some of the key players of machine vision systems market include
Omron Corporation and National Instruments