According
to a new market report published by Transparency Market Research
“Machine Vision Technology Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2021,” the market was
valued at USD 15.70 billion in 2014, which is expected to reach USD
28.50 billion by 2021, growing at a CAGR of 8.4% from 2015 to 2021.
Browse
the full Machine Vision Technology Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 - 2021 report at
http://www.transparencymarketresearch.com/machine-vision-technologies.html
Increasing
manufacturing sectors is one of the important factors driving the
rise in demand of machine vision technology market globally. Machine
vision technology is largely used in manufacturing sectors for
inspection of microchips, resistors, and components such as lead
frames and capacitors. In the automotive industry, these technologies
are used in control systems for inspection of painted surfaces,
industrial robots, welding quality control, checking engine block.
Moreover, shift in demand towards automation is also driving the
demand of this market. The measuring and analyzing is done more
accurately, precisely, and efficiently by computers as compared to
manual systems, thus demand for machine vision technology is expected
to increase. Furthermore, the accuracy, of the machine vision helps
in boosting quality automation which includes defect detection,
quality inspection, component measurement, and tolerance monitoring.
Machine
vision technology market is segmented on the basis of product types
which includes embedded, PC based and smart cameras based machine
vision technology. Among these three types of product, PC based
machine vision held the largest market share followed by embedded and
smart camera based machine vision technologies in 2014 globally.
Growing demand for technologically advanced methods for testing and
inspection in various industries has stimulated the demand for PC
based machine vision globally.
The
machine vision technology market is further segmented on the basis of
application which includes industrial and non-industrial application.
Among these, industrial application held the largest market share
followed by non-industrial applications. The industrial segment is
sub divided into semiconductors, electronics, packaging, textiles,
automobiles and others. Semiconductors segment held largest market
share of 22.1% in 2014. Moreover, non-industrial application covers
security and surveillance, banking, traffic controlling, lab
automation and medical imaging and the others segment include barcode
scanners, biometric systems and others. The others segment held
largest market share of 24.4% in 2014 under non-industrial
application.
machine-vision-technologies
Geographically
the market is segmented into North America, Europe, Asia-Pacific and
Rest of the World. Asia-Pacific held the largest market share of
machine vision technology in 2014 due to the increasing manufacturing
sectors in this region. Moreover, APAC is followed by Europe, North
America and Rest of the World in 2014.
Some
of the leading players in the market are Cognex Corporation
(Massachusetts), Basler AG (Germany), Allied Vision Technologies Inc.
(Germany), Adept Technology Inc. (California), Keyence Corporation
(Japan), ISRA Vision AG (Germany)., Microscan Systems
Inc.(Washington), Electro Scientific Industries Inc. (Oregon), OMRON
Corporation (Japan) and Seeing Machines Ltd. (Australia) among
others. The report provides estimates in terms of revenue (USD
Billion) from 2015 to 2021 by studying the global machine vision
technology market.
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The
market has been segmented as follow:
Global
Machine Vision Technology Market: By Product Type
PC
based machine vision technology
Embedded
machine vision technology
Smart
cameras based machine vision technology
Global
Machine Vision Technology Market: By Application
Industrial
applications
Semiconductors
Electronics
Packaging
Textiles
Automobiles
Others
Non-industrial
applications
Security
and surveillance
Banking
Traffic
controlling
Lab
automation and medical imaging
Others
Global
Machine Vision Technology Market: By Geography
North
America
U.S.
Canada
Rest
of North America
Europe
U.K.
Italy
Spain
France
Germany
Rest
of Europe
Asia
Pacific
India
China
Japan
Rest
of Asia Pacific
Rest
of the World
Latin
America
Middle
East
Rest
of Rest of the World
The
report provides a cross-sectional analysis of all the segments with
respect to the above mentioned regions.
About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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