Machine Vision Systems & Components Market- Analysis & Forecast (2014 - 2020)

Browse 140 market data tables and 90 figures spread through 287 pages and in-depth TOC on “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)”.


Dallas, TX -- (SBWIRE) -- 10/09/2014 -- 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.

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.

The Americas is the major market for machine vision systems; however, Asia-Pacific is expected to grow at the highest CAGR of 13.57% from 2014 to 2020. The verticals market for the machine vision systems can be divided into industrial and non-industrial. The vertical market accounts for a better share in future.

The report provides the profile of all major companies in the electronics and robotics industry in the machine vision systems market. It also provides the competitive landscape of the key players, which indicate the growth strategy of the market. It covers the entire value chain for the market from the raw material supplier to the end user. Along with the value chain, this report also provides an in-depth view on the market segmentationsuch as application, technology, component, verticals, product and geography, and the drivers and restraints for machine vision systems. This market is estimated to reach $9.50 Billion by 2020, at a CAGR of 12.51% from 2014 to 2020.

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Machine vision is a combination of mechanical, optical, electronics and software systems which are used to examine natural objects and materials, and manufacturing processes to detect defects. It also improves quality and operating efficiency. The global market for machine vision system is primarily driven by the increasing need of quality assurance and digital automation.

This report describes the market trends, drivers, and challenges with respect to the global machine vision market and projects the market size from 2013 to 2020, based on the component, product, technology, application, verticals, and geography. This report gives a detailed view of the market acrossregions, namely – the Americas, Europe, APAC and RoW (the Middle East and Africa).The Americas dominates the market with regards to the market size in terms of value; however, APAC is expected to grow at the highest CAGR in the machine vision market.

Quality is the byword in the manufacturing vertical, be it of the product or process. Through Six Sigma, developed by Motorola, championed by GE ,companies seeks to improve the quality of process outputs by identifying and removing the causes of defects (errors) and minimizing variability in manufacturing and business processes. By understanding Joseph Juran’s trilogy they understand the cost of poor quality prodcuts. (i)Machines can act as the ideal facilitator in helping companies obtain the holy grail called “QUALITY”. For example they can search for manufacturing defects on flat panel televisions, LCD monitors and all other kinds of displays during the production process. By introducing automated imaging systems in the production process of solar cell manufacturing the benefits we obtain are higher production yields and lower scrap values, and end-users will benefit from higher efficiency, longer life and lower maintenance costs of products and buildings where solar cell panels are an integrated part.

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In automotive sector, they are being used for such applications as inspecting for gap and flushness measurements on cars being repaired after crashes, inspecting for wheel alignment, verifying headlight aiming, and verifying color match properties. BMW has developed a technology called NIGHT VISION which ensures more safety at night. BMW Night Vision with Dynamic light spot detects pedestrians in the dark even from a long distance – and selectively illuminates them.

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