Boston, MA -- (SBWIRE) -- 05/16/2017 -- The machine vision technology analyzes and inspects images through various machine vision software, hardware, and accessories. This technology includes four processes - identification, guidance, measurement, and inspection. The machine vision technology captures an image; transfers it to the processor; reports it to the processor system for inspection; and then provides the processed results to take action accordingly. The global machine vision market encompasses cameras; vision systems; and others which consists of accessories such as optics, sensors, lighting, frame-grabbers, and cables, which work as supports for the machine vision technology.

Technavio's analysts forecast the global machine vision market to grow at a CAGR of 8.92% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global machine vision market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

Get More Details on this Report and a Full Table of Contents at Global Machine Vision Market 2017-2021

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Machine Vision Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Cognex Corporation
-Basler
-Teledyne DALSA
-OMRON
-Keyence

Other prominent vendors

-Datalogic
-Edmund Optics
-Allied Vision Technologies

Market driver

-Increasing demand for machine vision systems from automotive industry.
-For a full, detailed list, view our report

Market challenge

-Developing smart cameras at lower price.
-For a full, detailed list, view our report

Market trend

-Incorporation of thermal inspection in machine vision systems.
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Cognex Corporation, Basler, Teledyne DALSA, OMRON, Keyence, Datalogic, Edmund Optics, Allied Vision Technologies

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