DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/79bpfr/global_machine) has announced the addition of the "Global Machine Vision Market 2012-2016" report to their offering.
The analysts forecast the Global Machine Vision market to grow at a CAGR of 9.40 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from the non-industrial sector. The Global Machine Vision market has also been witnessing the development of next generation machine vision products. However, lack of expertise in organizations could pose a challenge to the growth of this market.
The key vendors dominating this space include Basler AG, Cognex Corp., and Teledyne Technologies Inc.
The other vendors mentioned in this report are Allied Vision Technologies GmbH, Bit Flow Inc., ISRA Vision AG, JAI A/S, Matrox Electronic Systems Ltd., MVTec Software GmbH, PPT Vision Inc., Prophotonix Ltd., Stemmer Imaging Ltd., Videk Inc., Vitronics Soltec BV, and Zygo Corp.
Commenting on the report, an analyst from the team said: Many vendors are developing high-resolution cameras that provide more accurate and clear results and output. Machine vision technology is evolving rapidly and therefore the market creates opportunities for high-resolution cameras. Many end-users prefer high-resolution cameras to improve their accuracy. Additionally, the development of high-resolution cameras helps vendors improve the interoperability features. In addition, vendors are developing next-generation products that are capable of handling high-bandwidth applications. The increasing adoption of high-bandwidth applications is one of the challenges in the market, and the vendors are developing next-generation products to tackle this problem.
Therefore, the vendors are developing next-generation machine vision components and products, and these products are expected to enhance the market potential in the future.
For more information visit http://www.researchandmarkets.com/research/79bpfr/global_machine
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