Machine Vision Market

Date: 1/4/2016

The Machine Vision Market to Grow from USD 8.08 Billion in 2015 to USD 12.50 Billion by 2020, At a CAGR of 9.1% Between 2015 and 2020

Machine Vision Market by PC-Based Systems and Smart Camera-Based Systems, and by Automotive, Electronics & Semiconductor, Healthcare, & ITS Application

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  • Publishing Date: December 2015
  • Report Code: SE 270

The machine vision market is expected to grow from USD 8.08 Billion in 2015 to USD 12.50 Billion by 2020, at a CAGR of 9.1% during the forecast period.

The scope of this report covers machine vision market by component, product, application, vertical, and region. Quality assurance and inspection is expected to have the largest market share in global market. The identification application is expected be the fastest-growing application in various industrial and non-industrial applications during the forecast period.

In future, the camera segment is likely to undergo more advancement with the introduction of 3D machine vision concept and is expected to bring new growth avenues for the machine vision market. Software is expected to be the fastest-growing component during the forecast period.

The APAC market is estimated to be the fastest-growing region between 2015 and 2020. Increasing manufacturing facilities and growing industrial base of China are the factors driving the machine vision market in APAC. Owing to the recent developments and increased expenditure on vision-related R&D activities, Asia-Pacific is expected to be the fastest-growing market.

Major players are Basler AG (Germany), Cognex Corporation (U.S.), Keyence (Japan), Omron Corporation (Japan), National Instruments (U.S.). These players have adopted various strategies such as partnerships, agreements, contracts, mergers and acquisitions, and new product developments to achieve growth in the global machine vision market

The research report segments the machine vision market to following submarkets:

By Component:

  • Hardware
  • Software

By Product:

  • PC-Based Systems
  • Smart Camera Based Systems

By Application:

  • Quality Assurance & Inspection
  • Positioning & Guidance
  • Measurement
  • Identification

By Vertical

  • Industrial
  • Non-Industrial