Asia-Pacific Machine Vision Market set to Progress with a CAGR of 8.39% Through 2028 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific Machine Vision Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The machine vision market in the Asia-Pacific is set to progress with a CAGR of 8.39% over the forecast period from 2022 to 2028.

Thailand is a rising machine vision market in the ASEAN and the APAC regions. It ranks first in motor vehicle production in the ASEAN and sixth in the world for commercial vehicle production. In the field of electronics, Thailand is the second-leading producer and exporter of data storage units like hard disk drives globally.

The nation also has the highest concentration of automotive companies in Asia and the 12th largest capacity in the world for automotive production, thus directly providing vehicles to the Philippines, Vietnam, Indonesia, and ASEAN countries. These factors are boosting the demand for machine vision systems, which is expected to drive the market growth.

Australia is one of the world's advanced economies and is increasingly adopting automation in its manufacturing facilities to modernize the economy, reduce the overall production time, ensure the safety of workers, and connect to remote areas. For this purpose, manufacturers, along with support from the government, are adopting robots, embedded with machine vision systems, to manage tasks that need human inspection.

Their market penetration is not only limited to the more eminent industries such as aerospace, defense, and automotive, but has also gained popularity in plastic & polymer and food & beverage industries. These developments indicate a positive outlook for the machine vision market growth in the Asia-Pacific over the forecasted period.

Key Topics Covered:

1. Asia-Pacific Machine Vision Market - Summary

2. Industry Outlook

2.1. Impact of Covid-19 on the Machine Vision Industry

2.2. Key Insights

2.2.1. Integration of Machine Vision With Cloud Technology

2.2.2. Asia-Pacific Dominates the Market

2.2.3. 3D Measurement is the Fastest Evolving Type

2.2.4. Growing Interest for Automation in Industrial Applications

2.3. Porter's Five Forces Analysis

2.4. Key Impact Analysis

2.4.1. Accuracy

2.4.2. Cost-Effectiveness

2.4.3. Flexibility

2.5. Market Attractiveness Index

2.6. Key Market Strategies

2.6.1. Acquisitions

2.6.2. Product Developments

2.6.3. Investments & Expansions

2.7. Market Drivers

2.7.1. Increased Need for Smart Factories

2.7.2. Widening Applications of MV Systems

2.7.3. Rising Need for Proper Defect Detection

2.7.4. Growing Trend of Miniaturized Products

2.8. Market Challenges

2.8.1. Lack of Expertise

2.8.2. Unawareness About the Benefits of MV Systems

2.8.3. Complications in Implementation of MV Systems

2.8.4. Lack of Standardization

2.9. Market Opportunities

2.9.1. Constant Developments in CMOS Image Sensors

2.9.2. Industrial Internet of Things (IIoT) to Offer Lucrative Growth Opportunities

3. Asia-Pacific Machine Vision Market Outlook - by Type

3.1. 1D Machine Vision

3.2. 2D Machine Vision

3.3. 3D Machine Vision

4. Asia-Pacific Machine Vision Market Outlook - by Components

4.1. Hardware

4.1.1. ASMV

4.1.2. Cameras

4.1.3. Sensors

4.1.4. Illuminations

4.1.5. Processors

4.1.6. Other Hardware

4.2. Software

5. Asia-Pacific Machine Vision Market Outlook - by Application

5.1. Inspection

5.2. Gauging

5.3. Guidance

5.4. Identification

5.5. Other Applications

6. Asia-Pacific Machine Vision Market Outlook - by Verticals

6.1. Automotive

6.2. Electronics & Semiconductors

6.3. Healthcare

6.4. Food & Packaging

6.5. Other Verticals

7. Asia-Pacific Machine Vision Market - Country Outlook

Companies Mentioned

• Cognex Corporation
• Allied Vision Technologies GmbH
• Basler AG
• Teledyne Technologies Incorporated
• Baumer Electric AG
• Datalogic Spa
• Uss Vision
• Keyence Corporation
• Flir Systems Incorporated
• Jai As
• Perceptron Incorporated
• Optotune AG
• Isra Vision AG
• Omron Corporation
• National Instruments Corporation

For more information about this report visit https://www.researchandmarkets.com/r/4lnvtl