DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Machine Vision Systems Market to 2025 - Global Analysis and Forecasts by Type, Components, End-users" report to their offering.
Global machine vision systems market is expected to grow US$ 14.48 billion by 2025 from US$ 7.50 billion in 2015
Machine vision systems can perform complex repetitive tasks with higher accuracy and consistency. Machine vision systems include components such as image sensors, processors, PLC, frame grabbers and more, which are driven by a software package to execute user defined applications. Machine vision systems are also employed in non-inspection applications such as guiding robots, pick and place the parts, dispensing liquids and many more.
Key trend which will predominantly impacts the market in coming year is emergence of Industrial IoT (IIoT) or Industry 4.0. IIoT connects information technology with production technology, hence involving widespread analytics and data capture to frequently optimize the processes of factories. Machine vision is one of the most critical and basic technologies to provide IIoT with information. Manufacturing's rapid amendment of IIoT has led to a renaissance in robotics and the renewed need for machine vision. Moreover, the conventional manufacturing systems are anticipated to renovate owing to the implementation of smart IoT technologies throughout the manufacturing operations. Also, investments in machine vision systems are known to perfectly fit in the vision of future manufacturing for automated inspection and quality management application.
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.
Key Industry Dynamics
Key Market Drivers
- Rapid Expansion in Manufacturing Industry
- Burgeoning Demand for Cost-Effective Vision Inspection Technology
- Extensive Demand for High-Quality Product Inspection
- Surging requirement of High Production Output in Manufacturing Industries
Key Market Restraints
- High Labor Cost
- Complicated End-User Requirements
- Lack of Standardization
Key Market Opportunities
- Introduction of IoT and Industry 4.
- Wide Spread of Factory Automation
- Emergence of Industrial IoT
- New Technology - CoaxPress
- Adoption of Machine Vision in Non-Industrial Sector
- Increased Pharmaceutical Regulations
- Basler AG
- Cognex Corporation
- Keyence Corporation
- IDS Imaging development Systems
- Microscan Systems
- ISRA Vision AG
- Teledyne DALSA Inc.
- FLIR Systems
For more information about this report visit http://www.researchandmarkets.com/research/2xtv33/machine_vision