MACHINE VISION SYSTEMS AND COMPONENTS MARKET SIZE, SHARE, TRENDS, GROWTH AND DEMAND FORECAST TO 2023

The increasing demand for embedded vision, growing use of robotics in automation, and cumulative demand for non-industrial applications (such as medical imaging, intelligence transportation systems, security and surveillance, and logistics) are driving the growth of the machine vision system and component market. In addition, growth of 3D technologies, simplification, improved computer performance, and standardization of components have also benefitted the wide acceptance of the machine vision systems in many consumer applications.

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Based on product type, the global machine vision system and components market can be segmented, as PC-based machine vision systems, embedded machine vision systems, and smart camera-based machine vision systems. On the basis of technology, the market can be further categorized into   imaging technology, laser technology, and augmented reality.

Based on the end-user, the global machine vision and component market can be divided into automotive, (including assembly verification, print verification, electric controls, dimensional gauging, flaw detection, code reading, brakes), semiconductor (including IR vision technology, robot vision, semiconductor fabrication, macro

defects inspection, printed circuit board (PCB) inspection), consumer electronics, glass (including cut plate inspection, interleaving powder coverage measurement, mirrored glass inspection, and others), metal, pharmaceuticals, wood and paper, rubber and plastics, food packaging, printing and others.

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North America and Europe accounted for the majority of the machine vision system and components markets, in 2014. The European machine vision system and component market is largely driven by the demand from automotive industries, in Germany, Italy and France. The North American machine vision system and component market is expected to show a moderate growth, during the forecast period. The improvements in the manufacturing industry, post economic slowdown along with high demand of robotics from U.S. is expected to drive the market of the machine vision systems, in this region.

Asia Pacific has been recognized as the fastest growing machine vision systems and component market, in 2014. The surging industrialization, along with growing automotive manufacturing industries, is the major growth drivers of the Asia pacific machine vision systems and component market.  U.S., Canada, Germany, U.K., Italy, France, Japan, China, India, Brazil, and South Korea are the leaders of the machine vision systems and component market globally.

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Some of the competitors in the machine vision systems & components market, are Vitronic GMBH, Scorpion Vision Ltd., Qualcomm Inc., Point Grey Research Inc., Perceptron Inc., Omron Corporation, National Instruments, Microscan Systems, Machine Vision Technology Ltd., Lumenera Corporation, Keyence Corporation, IDS Imaging Development Systems GmbH, Cypress Semiconductor Corporation, Cognex Corporation, Basler AG, Allied Vision Technologies, and Adept Technology Inc.

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