Fast Market Research announces the availability of the new TechNavio report, "Global Machine Vision Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 08/18/2015 -- Machine vision technology helps analyze and inspect images through various machine vision software, hardware, and accessories. It includes four processes: guidance, identification, measurement, and inspection. The machine vision technology captures an image, transfers it to processor systems for inspection, and reports the processed results. Machine vision products have been used in the industrial and non-industrial sectors. However, the application of smart cameras and vision-guided robotics has enhanced the market potential in various non-conventional industries.
Technavio's analysts forecast the global machine vision market to grow at a CAGR of 8.77% over the period 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "Cloud technology has evolved over the years and companies around the world are looking to implement and use cloud technology as a basic business enabler in the changing and competitive business environment. Since cloud technology can be used to upload and retrieve critical data at anytime and anywhere with 24*7 access, the machine vision users and vendors are also looking to the cloud as the next innovation in the machine vision market. Vendors are trying to provide customer support, critical data information, training, a periodic maintenance service, and updates through the cloud, thereby differentiating themselves from their competitors. Moreover, the use of the cloud helps increase operational efficiency by reducing costs, increasing flexibility, and offering easy customization, better employee utilization, better storage, and easy access."
Get More Details on this Report and a Full Table of Contents at Global Machine Vision Market 2015-2019
According to the report, the automotive and the electronics and semiconductor industries were the traditional end-users for vision systems due to increased need for quality inspection and collection of visual data. But now more non-traditional end-users have started using cameras and machine vison components for their specific requirements, increasing the demand in the machine vision market. Traffic management, life sciences, and robotics will see much demand in the machine vision market during the forecast years. The need for effective traffic management, capturing license plate numbers, and speed trap capture are creating much demand for MVs in traffic management. Similarly, automated microscopy and image analysis for clinical applications are increasing the demand for MVs in the life science field. The robotics industry has developed considerably during the last decade, creating much demand for MVs in the near future.
Further, the report states that need for ease of use and reduced difficulty in operating machine vision products is proving to be a challenge for the machine vision product vendors.
The key players in the Global Machine Vision Market are Basler, Cognex and Teledyne Technologies while other prominent vendors include Absolute Vision, Adept Technology, Allied Vision Technologies, Bit Flow, Datalogic, Edmund Optics, ISRA Vision, JAI, Keyence, LMI Technologies, Matrox Electronic Systems, MVTec Software, National Instruments, Omron, Pixelink, PPT Vision, Prophotonix, Sick, Soliton Technologies, Stemmer Imaging, Videk, Vitronics Soltec and ZYGO
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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