Dallas, TX -- (SBWire) -- 12/08/2014 --The report "Machine Vision 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)", the total value of machine vision market is expected to reach $9.50 Billion by 2020 at an estimated to grow at a CAGR of 12.51% from 2014 to 2020, which includes an in-depth analysis of the market by component, product, technology, application, verticals,and geography.
Browse 145 market data tables and 83 figures spread through 243 pages and in-depth TOC on "Machine Vision Market- Analysis & Forecast (2014 - 2020)".
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The global machine vision market is expected to grow at a CAGR of 12.51% from 2014 to 2020; it holds a great potential across the automation industry.Machine Vision systems areused in many applications to provide more accuracy in the manufacturing procedures and for proper inspection in detecting flaws.
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 an broad technology that combines lighting, optics, electronics, information technology, software and automation technology.
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The report is segmented into component, product, technology, application, verticalsand geography; each of these segments is further divided into sub-segments.The total market size of machine vision systems market is expected to reach $9.50 Billion by 2020 atan estimated 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 Systems Market Analysis & Forecast (2013-2018)
Machine Vision Systems Market categorizes global market by Component (Optics, Software), Product (PC Based, Embedded),Technology (Imaging, Laser, Augmented), Application, Vertical (Pharmaceutical, Security, Automotive, Defense) & by Geography.