DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Machine Vision Market Analysis By Product (PC Based, Smart Camera Based), By Application (Quality Assurance, Positioning and Guidance, Measurement, Identification), By Offering, And Segment Forecasts, 2014 - 2025" report to their offering.
The global machine vision market is expected to reach USD 19.22 billion by 2025
The ability of machine vision systems to process a large amount of information in a fraction of seconds is a major factor driving the market growth. The quick processing ability of machine vision systems is paving the way for manufacturers to achieve new milestones in manufacturing products with negligible defects. Moreover, the increasing adoption of robots across industrial sectors is leading toward the application of vision-guided robotic systems. Industrial verticals, such as automotive, pharmaceutical, packaging, and food & beverage, are prominent sectors where robotic systems are used, eventually fueling the demand for machine vision systems.
The machine vision technology encompasses various components in order to capture images of products to analyze them depending on different parameters of quality and safety. The technology is a combination of software and hardware that provides operational control to devices to execute functions such as capturing and processing of images and measuring various characteristics required for decision making. Major components of the system comprise lighting, lens, image sensors, vision processing, and communication devices. Machine vision systems assist in resolving complicated industrial tasks with reliability.
Industrial machine vision systems are usually more robust and demand high reliability, stability, and accuracy as compared to those used in institutional or educational applications. They cost lesser than systems used in military, aerospace, defense, and government applications. These factors are expected to lead to a greater adaptability of the technology in industrial sectors. In addition, the robotic vision systems used across the industries are also leading to the increasing adoption of the technology, thereby strengthening the overall market.
The Asia Pacific region contributed to the largest market share in 2015, which can be attributed to ample opportunities offered on account of large manufacturing practices carried out in the region. Countries such as China, Japan, South Korea, and India are considered to be potential markets for upcoming technologies, including machine vision. The region's huge industrial expansion has been contributing to the prosperity and development of various innovations and the adoption of different technologies significantly.
In addition, factors such as increasing focus on developments and expenditures in vision-related research activities along with the growing manufacturing base in the region are expected to spur the technology market growth in Asia Pacific, in turn boosting the overall market at a notable pace. The market is anticipated to exhibit the fastest growth of 10.4% over the forecast period.
The industry is facing challenges due to lack of awareness among users about the rapidly advancing machine vision technology. Moreover, the complexity of integrating machine vision systems are the major difficulties being faced by manufacturers, which is also restraining the smoother growth of the industry.
Key Topics Covered:
1. Methodology and Scope
2. Executive Summary
3. Machine Vision Industry Outlook
4. Machine Vision: Offering Outlook
5. Machine Vision: Product Outlook
6. Machine Vision: Application Outlook
7. Machine Vision: Regional Outlook
8. Competitive Landscape
9. Company Profiles
- Allied Vision Technologies GmbH
- Basler AG
- Cognex Corporation
- Keyence Corporation
- LMI Technologies, Inc.
- Microscan Systems, Inc.
- National Instruments Corporation
- OMRON Corporation
- Sick AG
- Tordivel AS
For more information about this report visit https://www.researchandmarkets.com/research/9bzrkt/machine_vision