Pune, India — (PRESS RELEASE JET) — 10/26/2017 — Market Synopsis of Machine Vision Market
Miniaturization can be considered as a trend of manufacturing smaller, optical and electronic products or devices. Miniaturization can be referred as reduced in size but increase in aptitude. Looking through the current scenario we can see that trend towards small gadgets, smaller sized machines is continuously increasing. Miniaturization of machines is taking rapid footsteps. These miniaturized products have a very complex structure. There is a need of inspecting these miniaturized products. But the inspection of these miniaturized products is beyond the human visual sense. Thus, there is a requirement for more advanced system that can be used for inspection and measurements of miniaturized products.
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The machine vision system successfully substitutes the human visual inspection and judgement capabilities. Machine vision systems use cameras with different functionalities, sensors and image processing for inspections and measurements. The miniaturized products, devices, machines are effectively inspected and measured using machine vision systems.
The global Machine Vision market is expected to reach USD 15.46 billion by the end of 2022 with 8.18% CAGR during forecast period 2017-2022.
The prominent players in the market of Machine Vision Market are – Cognex Corporation (U.S.), Vitronic GmbH (Germany), Perceptron, Inc. (U.S.), Microscan Systems (U.S.), Basler AG (Germany.), National Instruments (U.S.), Optotune AG (Switzerland), USS Vision (U.S.), ViDi Systems SA (Switzerland), Keyence (Japan), Omron Corporation (Japan) among others.
Global Machine Vision Market Structure
2D Machine Vision
3D Machine Vision
By End Users
Electronics & Semiconductor
Food & Packaging
Global Machine Vision Market for segment on the basis of position, type, technology and application.
Machine Vision Market by Position:
Machine Vision Market by Type:
Machine Vision Market by Technology:
Machine Vision Market by Application:
Banking & Finance
Sports & Entertainment
Machine Vision Market is growing with the positive growth in all the regions. Increasing application areas year on year and advancement in technology and integration is driving the market on global scale. On the basis of region, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World. Asia Pacific is dominating the global market with more than 30% of market share followed by Europe which stands as second biggest market due to the heavy demand from automotive and healthcare industry. North America stands as third biggest market.
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