With increasing demand for automation processes, machine vision system has observed an increase in its adoption, as it eliminates the supervision and evaluation of products in an industry. Machine vision systems effectively extract information of a product by its digital images generated with the use of digital sensors.
The maximum adoption of machine vision systems is observed under the industrial vertical for a product’s information, evaluation, and rectification. Machine vision systems makes use of computer science, optical science, mechanical engineering, and industrial automation to extract the information and characteristics of a product. Various components of a machine vision system are lighting instrument, lenses, image sensors and vision processing.
Machine Vision Systems are used during manufacturing process for the inspection of mobile devices, medical devices, pharmaceuticals, food & beverages, semiconductors and electronics. Various applications of a machine vision system are measurement, counting, decoding, and recognition.
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Machine Vision System Market: Drivers and Challenges
Replacement of humans by machine and transiting towards automation is the primary factor driving the growth of machine vision system market. The replacements results into higher production yield, and reduced labor cost. In addition to this, factors such as performing repetitive tasks with an enhanced accuracy with a faster and a consistent rate also drives the demand for machine vision systems. Furthermore, various application of machine vision systems also governs the growth of overall machine vision systems market.
The primary factor challenging the growth of machine vision system is its high operating cost, especially at industries where a lower volume of products are to be catered. Other factors restraining the demand of machine vision systems is its lack of accuracy against high contrast images and its interdependency on its component parts i.e. if one component fails to function, the processing of machine vision systems comes to a halt.
Machine Vision System Market: Segmentation
Global Machine Vision System Market can be segmented on the basis of Type & Industry Verticals –
Segmentation for Machine Vision System Market by Type:
On the basis of Type, Machine Vision System Market can be segmented as:
- Smart Vision Systems
- PC-based Machine Vision Systems
- 3-D Machine Vision Systems
Segmentation for Machine Vision System Market by Industry Verticals:
On the basis of Industry Verticals, Machine Vision System Market can be segmented as:
- Consumer Electronics
- Food & Beverages
Machine Vision System Market: Key Players
Some of the key players of machine vision system market are Cognex Corporation, Basler AG, OMRON Corporation, National Instruments, KEYENCE CORPORATION, Teledyne DALSA Inc., Texas Instruments Incorporated, Allied Vision Technologies GmbH and Intel Corporation.
Machine Vision System Market: Regional Overview
By geography, Machine Vision System market can be segmented across North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa. Among various regions, North America is expected to dominate the global Machine Vision System Market during the forecast period, owing to high density industrial base in the region. APEJ is expected to grow at the fastest rate in the forecast period, corresponding to the increasing demand for automation in its industries.
The report covers exhaustive analysis on:
- Global Machine Vision System Market Segments
- Global Machine Vision System Market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Global Machine Vision System Market Size & Forecast 2017 to 2027
- Supply & Demand Value Chain for Machine Vision System Market
- Global Machine Vision System Market Current Trends/Issues/Challenges
- Competition & Companies involved in Machine Vision System Market
- Machine Vision System Technology
- Value Chain of Light Modules and Light Engines
- Global Machine Vision System Market Drivers and Restraints
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics of the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance
- Must-have information for market players to sustain and enhance their market footprint