According
to the Association of Advanced Automation (AIA), companies are
spending considerably on technology that helps electronic devices
recognize images. Although vision technology is still at a nascent
stage, new upgrades and technological advancements in both industrial
and non-industrial sectors are constantly coming up and fueling the
global machine vision technology market.
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Machine
Vision Technology Market – Overview
Today’s
production technologies extend more and more beyond the limits of
human visual capacities. Cameras and their allied computing systems
provide to machines or devices the ability to actually see and
recognize objects or situations in order to make the right decisions.
This is where the machine vision technology comes in.
Machine
vision technology has the ability to automatically inspect the images
it captures and analyze them accordingly. The technology is also used
in process control, robot guidance, and automatic inspection in the
industrial sector. The number of applications where machine vision
technology plays a crucial role is increasing rapidly.
According
to a leading market research firm, the global machine vision
technology market is expected to rise and reach US$28.50 billion by
2021, from a market value of US$15.70 billion in 2014.
Recent
Technological Advancements in Machine Vision will Accelerate
Manufacturing Application
Machine
vision technology, which helps computers visualize and understand
their surroundings, is undergoing a remarkable boom across the globe.
Over the last decade, machine vision technology has matured
significantly, becoming an integral part of many industries and in
some cases an indispensable tool for manufacturing automation.
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The
expanding manufacturing sector is one of the main factors behind the
growth of the machine vision technology market worldwide. Machine
vision technology is widely used in the manufacturing sector for
inspection of components, microchips, microprocessors, cars,
resistors such as capacitors and lead frames, food, and
pharmaceuticals.
Machine
vision systems are used widely to solve conventional problems of
industrial inspection, in turn allowing for complete automation and
increasing the accuracy and efficiency of the inspection process.
Moreover,
shift in demand towards automation is driving the demand from the
machine vision technology market. In the automotive industry, the
technology is used in control systems for industrial robots,
inspection of painted surfaces, checking engine blocks, and welding
quality control.
Machine
vision technology helps in boosting the overall quality automation,
which includes component measurement, defect detection, tolerance
monitoring, and quality inspection.
Role
of Industry-leading Players in the Growth of the Market
The
efficient and accurate measuring and analysis done by computers is
what’s majorly driving the demand for machine vision technology
across the globe.
Cognex
Corporation (Massachusetts) is one of the key players in the global
market for machine vision technology that help companies improve
their manufacturing quality and performance by verifying assembly,
tracking and capturing information at every stage of the production
process, and eliminating defects.
Some
of the other players in the market are Keyence Corporation (Japan),
OMRON Corporation (Japan) and Seeing Machines Ltd. (Australia), Adept
Technology Inc. (California), Allied Vision Technologies Inc.
(Germany), Microscan Systems Inc.(Washington), Basler AG (Germany),
ISRA Vision AG (Germany), and Electro Scientific Industries Inc.
(Oregon).
These
companies are constantly looking out for new ways to upgrade the
systems and introduce new products and technologies to the global
market.
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