Machine Vision Systems Market

Date: 5/11/2015

Machine Vision Systems Market Is Expected To Reach $9.50 Billion by 2020 Estimated CAGR Of 12.51% from 2014 To 2020

Machine Vision Systems Market by Component (Optics, Software), Product (PC Based, Embedded), Technology (Imaging, Laser, Augmented), Application, Vertical (Pharmaceutical, Security, Automotive, Defense) & by Geography- Analysis & Forecast (2014 - 2020)

  • By: marketsandmarkets.com
  • Publishing Date: September 2014
  • Report Code: SE 2701

Machine vision is a combination of mechanical, optical, electronics and software systems which are used to examine natural objects and materials, and manufacturing processes to detect defects. It also improves quality and operating efficiency. The global market for machine vision system is primarily driven by the increasing need of quality assurance and digital automation.

Machine vision is a technology which deals with images or sequences of images with the objective of manipulating and analyzing them in order improve quality, to restore images, to understand and interpret the images. It is a method used to provide imaging based automatic inspection and analysis for applications such as; automatic inspection, process control, and robot guidance in industry. Vision technology is a broad technology that combines lighting, optics, electronics, information technology, and software and automation technology.

The Americas is the major market for machine vision systems; however, Asia-Pacific is expected to grow at the highest CAGR of 13.57% from 2014 to 2020. The verticals market for the machine vision systems can be divided into industrial and non-industrial. The vertical market accounts for a better share in future.

The report provides the profile of all major companies in the electronics and robotics industry in the machine vision systems market. It also provides the competitive landscape of the key players, which indicate the growth strategy of the market. It covers the entire value chain for the market from the raw material supplier to the end user. Along with the value chain, this report also provides an in-depth view on the market segmentation such as application, technology, component, verticals, product and geography, and the drivers and restraints for machine vision systems. This market is estimated to reach $9.50 Billion by 2020, at a CAGR of 12.51% from 2014 to 2020.

Some of the major players in the market are Cognex Corporation (U.S), Teledyne Dalsa (U.S), Basler AG (Germany), Soliton Technologies (India),Vitronic GmbH (Germany), Sick IVP (Germany), JAI (U.S), LMI Technologies (U.S), Adept Technologies Inc (U.S), MVTech Software GmBH (Germany), Omron Corporation (Japan), Absolute Vision (U.K), Stemmer Imaging (U.K), ISRA Vision (Germany), and Edmund Optics (U.S), Pixelink (U.S) among others.

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Machine Vision System Panel PCAIS’s new, open architecture, Industry 4.0 Touch Panel PCs for embedded machine visions deliver 2D or 3D image processing and offer high performance processors, Ethernet and serial interfaces, which are required for automatic inspection, process control and robot guidance industries. As an enabling visualization, control and monitoring solution, AIS‘s Multi-functional HMI facilitates Machine Vision (MV), which is the technology and methods used to provide imaging-based automatic inspection and analysis. Machine Vision is simply the ability of a computer to "see." A machine-vision system employs one or more video cameras, analog-to-digital conversion (ADC), and digital signal processing (DSP). The resulting data goes to a computer or robot controller.