Market Highlights
The
global industrial vision market is considered to garner USD 11 billion during
the forecast period (2017-2023). The global market is estimated to garner 14%
CAGR owing to its several advantages like high-end machine systems which can
perform robust preprocessing, asserts Market Research Future (MRFR). The global
industrial vision market is penetrating the market with whole new innovation in
the healthcare industry. Robotic surgery devices allow the surgeons to
manipulate expert robotic limbs to perform surgeries with fine detail with less
vibrations that is not be possible by the human hand alone. Vision systems are
regarded to be an integral part of several industrial processes as they can
offer accurate, fast, and reproducible inspection capabilities at highly
competitive cost.
Machine
vision market has several advantages including high-end machine systems which
are capable of performing segmentation algorithms and several robust
preprocessing. Such systems perform segmentation algorithms and multiple
preprocessing at real-time rates on the basis of their designs,
application-specific integrated circuits. Such systems are distinct from the
embedded vision computers/processors, smart cameras, or host-based processing
systems that employ simple digital cameras and deliver image data directly to
the host. Industrial vision systems are more robust and demand high stability,
reliability, and accuracy compared to those which are used in educational or
institutional applications. Industrial vision costs lesser than the systems
used in aerospace, military, government applications, and defense. Such factors
are anticipated trigger the industrial vision market growth during the
assessment period. Moreover, robotic vision systems are used across industries
which is resulting in an increased adoption of the technology, thereby
propelling the overall market growth.
On
the flip side, intensive training and education and need of machine vision to
enter into newer markets are considered to restrain the machine vision system
market growth. Moreover, the changing requirements of the end-users with
respect to industrial machine vision applications coupled with the lack of
flexible machine vision solutions are presumed to dampen the market growth in
the coming years.
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Segmentation:
The global
industrial vision market has been segmented on the basis of product, component,
technology, vertical, and region.
By
mode of product, the global industrial vision market has been segmented into
embedded and PC-based. Among these, the embedded system constantly performs the
same basic tasks and rarely requires any hardware changes like adding extra
storage space or memory. It performs a simple role that usually does not change
the requirements for the operating system. On the other hand, PC-based systems
frequently require expertise in order to calibrate and use the most advanced
machine vision system.
By
mode of technology, the global industrial vision market has been segmented into
imaging, laser, and augmented.
By
mode of component, the global industrial vision market has been segmented into
software and hardware.
By
mode of vertical, the global industrial vision market has been segmented into
consumer electronics, automotive, metals, pharmaceutical, food & packaging,
healthcare, and others. Among these, the food & packaging is anticipated to
expand at the highest rate as the food industry offer several opportunities to
the machine vision market and companies have responded by developing
application-specific solutions in areas of sorting, processing, grading,
portioning, and quality check.
Regional Analysis:
Geographically,
the industrial vision market spans across North America, Asia Pacific, Europe
and Rest of the World.
The
North American region is considered to experience the highest market share owing
to the advanced technology implemented in the industries. The Asia-Pacific
region showcases a high growth rate in the market owing to the presence of
major manufacturing countries such as Japan, China, South Korea, and India. On
the other hand, Europe is considered as one of the prominent players in the
market owing to the presence of major automotive manufacturers in this region.
Industry
Updates:
January 03,
2019: A leading provider of engineering and electronics services for the
industrial embedded imaging applications, Critical Link will be showcasing
their two latest technologies at Photonics West, which is the world’s largest
photonics technologies event.
Competitive Dashboard:
The prominent players operating the global industrial vision market are
Teledyne Dalsa (U.S), Basler AG (Germany), MVTech Software GmBH (Germany),
Pixelink (U.S), Omron Corporation (Japan), JAI (U.S), Adept Technologies Inc.
(U.S), Cognex Corporation (U.S), Sick IVP (Germany), and LMI Technologies
(U.S).
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