HOME Top Market Reports Machine Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor) and Software (Deep Learning and Application Specific)), Product (PC Systems and Smart Camera Systems), Application, Vertical, and Geography - Global Forecast to 2022

Machine Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor) and Software (Deep Learning and Application Specific)), Product (PC Systems and Smart Camera Systems), Application, Vertical, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: SE 2701

 

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The overall machine vision market is expected to grow from USD 8.12 Billion in 2015 to USD 14.43 Billion by 2022, at a CAGR of 8.15% between 2016 and 2022. This report provides the market size and future growth potential of the machine vision market across different segments such as component, product, application, vertical, and geography. The study identifies and analyses the market dynamics such as drivers, restraints, opportunities, and industry-specific challenges for the market. It also profiles the key players operating in the studied market. Increasing need for quality inspection and automation is expected to propel the growth of the machine vision market. The base year considered for the study is 2015, and the market size forecast is provided for the period between 2016 and 2022.

The research methodology used to estimate and forecast the machine vision market begins with capturing data on key vendor revenues through secondary research. Some of the secondary sources include associations such as European Machine Vision Association, Japan Industrial Imaging Association, and Automated Imaging Association. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the size of the overall studied market from the revenue of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments that have been verified through primary research by conducting extensive interviews with key experts such as CEOs, VPs, and directors. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of primary respondents is depicted in the below figure.

Machine Vision Market

To know about the assumptions considered for the study, download the pdf brochure

The machine vision ecosystem includes research and development (R&D), followed by manufacturers and system integrators such as Cognex Corporation (U.S.), Basler AG (Germany), Omron Corporation (Japan), National Instruments Corporation (U.S.), Keyence Corporation (Japan), Sony Corporation (Japan), Teledyne Technologies, Inc. (U.S.), Texas Instruments, Inc. (U.S.), Allied Vision Technologies GmbH (Germany), Intel Corporation (U.S.), Baumer Optronic GmbH (Germany), and JAI A/S (Denmark). These companies further sell these systems to end users and cater to their unique business requirements.

Key Target Audience

  • Semiconductor product designers and fabricators
  • Application providers
  • Professional service/solution providers
  • Research organizations
  • Technology standard organizations, forums, alliances, and associations
  • Technology investors

Scope of the Report

The machine vision market has been covered in detail in this report. To provide a holistic picture, the current market demand and forecasts have also been included in the report. The machine vision market has been segmented as follows:

By Component:

  • Hardware
    • Camera
      • Sensor Type (CMOS and CCD)
      • Interface Standards (Camera Link, GigE Vision, USB 3.0, CoaXPress, and Others)
      • Frame Rate (Area Scan and Line Scan)
      • Format (25–125 fps, >125 fps, <25 fps)
    • Processor (FPGA, DSP, Microcontroller, and Microprocessor)
    • Optics
    • Frame Grabber
    • LED Lighting
    • Others
  • Software
    • Deep Learning
    • Application Specific

By Product:

  • PC-Based Machine Vision System
  • Smart Camera-Based Machine Vision System

By Application:

  • Quality Control and Inspection
  • Positioning and Guidance
  • Measurement
  • Identification
  • Recognition

By Vertical:

  • Industrial
    • Automotive
    • Consumer Electronics
    • Electronics & Semiconductor
    • Printing
    • Metals
    • Wood & Paper
    • Food & Packaging
    • Rubber & Plastics
    • Pharmaceutical
    • Glass
    • Machinery
    • Solar Panel Manufacturing
  • Nonindustrial
    • Healthcare & Medical Imaging
    • Postal & Logistics
    • Intelligent Transportation System (ITS)
    • Security & Surveillance
    • Agriculture
    • Consumer Electronics
    • Autonomous Cars

By Geography:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • Product Matrix which gives a detailed comparison of product portfolio of each company
  • Company information: Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Package Size
    1.7 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Factor Analysis
           2.2.1 Demand Side
                    2.2.1.1 Regulatory Mandates for Food, Pharma, and Automotive Sectors
                    2.2.1.2 Increasing Demand for Industrial Control and Factory Automation
           2.2.2 Supply-Side Analysis
                    2.2.2.1 Growing Adoption of Artificial Intelligence
                    2.2.2.2 Shift From CCD-Based Sensors to CMOS-Based Image Sensors
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions

3 Executive Summary (Page No. - 32)

4 Premium Insights (Page No. - 38)
    4.1 Attractive Market Opportunities in the Machine Vision Market
    4.2 Machine Vision Market, By Vertical (2016–2022)
    4.3 Machine Vision Market, By Application (2016–2022)
    4.4 Machine Vision Market, By Region and Application
    4.5 Machine Vision Market, By Geography (2016–2022)
    4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Market Evolution
    5.3 Market Segmentation
           5.3.1 By Component
           5.3.2 By Product
           5.3.3 By Application
           5.3.4 By Vertical
           5.3.5 By Geography
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Need for Quality Inspection and Automation
                    5.4.1.2 Growing Demand for Vision-Guided Robotic Systems
                    5.4.1.3 Growing Demand for Application-Specific Machine Vision Systems
                    5.4.1.4 Increasing Adoption of 3d Machine Vision Systems
           5.4.2 Restraints
                    5.4.2.1 Varying End-User Requirements
                    5.4.2.2 Lack of Flexible Machine Vision Solutions
           5.4.3 Opportunities
                    5.4.3.1 Rise in Factory Wages and Increase in Profit Margins Leading to Huge Investments in Vision-Guided Industrial Robots and Other Automation Technologies in China
                    5.4.3.2 Advancements in Vision Technology and Industrial Expansion
                    5.4.3.3 Growing Adoption of Machine Vision Technology in Unmanned Aerial Vehicle (UAV) Drones
           5.4.4 Challenges
                    5.4.4.1 Complexity in Integrating Machine Vision Systems
                    5.4.4.2 Lack of User Awareness About Rapidly Changing Machine Vision Technology

6 Industry Trends (Page No. - 53)
    6.1 Introduction
    6.2 Value Chain Analysis
           6.2.1 R&D
           6.2.2 Machine Vision Component Manufacturers
           6.2.3 Original Equipment Manufacturers (OEMS)
           6.2.4 System Integrators
           6.2.5 Resellers and Distributors
           6.2.6 End Users
    6.3 Industry and Technology Trends
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat of New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry

7 Machine Vision Market, By Component (Page No. - 62)
    7.1 Introduction
    7.2 Hardware
           7.2.1 Camera
                    7.2.1.1 Interface Standards
                               7.2.1.1.1 Camera Link
                               7.2.1.1.2 Gige
                               7.2.1.1.3 USB 3.0
                               7.2.1.1.4 Coaxpress
                               7.2.1.1.5 Others
                    7.2.1.2 By Frame Rate
                               7.2.1.2.1 <25 FPS
                               7.2.1.2.2 25–125 FPS
                               7.2.1.2.3 >125 FPS
                    7.2.1.3 By Format
                               7.2.1.3.1 Line Scan
                               7.2.1.3.2 Area Scan
                    7.2.1.4 By Sensor Type
                               7.2.1.4.1 CMOS
                               7.2.1.4.2 CCD
           7.2.2 Frame GrABBer
           7.2.3 Optics
           7.2.4 LED Lighting
           7.2.5 Processor
                    7.2.5.1 FPGA
                    7.2.5.2 DSP
                    7.2.5.3 Microcontroller and Microprocessor
    7.3 Software
           7.3.1 Application Specific
           7.3.2 Deep Learning Software

8 Machine Vision Market, By Product (Page No. - 75)
    8.1 Introduction
    8.2 PC-Based Machine Vision Systems
    8.3 Smart Camera-Based Vision Systems

9 Machine Vision Market, By Application (Page No. - 102)
    9.1 Introduction
    9.2 Quality Assurance & Inspection
    9.3 Positioning and Guidance
    9.4 Measurement
    9.5 Identification

10 Machine Vision Market, By Vertical (Page No. - 108)
     10.1 Introduction
     10.2 Industrial Vertical
             10.2.1 Automotive
             10.2.2 Electronics and Semiconductor
             10.2.3 Consumer Electronics
             10.2.4 Glass
             10.2.5 Metals
             10.2.6 Wood and Paper
             10.2.7 Pharmaceutical
             10.2.8 Food and Packaging
             10.2.9 Rubber and Plastic
             10.2.10 Printing
             10.2.11 Machinery
             10.2.12 Solar Panel Manufacturing
     10.3 Nonindustrial Vertical
             10.3.1 Healthcare
             10.3.2 Postal and Logistics
             10.3.3 Security and Surveillance
             10.3.4 Intelligent Transportation Systems
             10.3.5 Agriculture
             10.3.6 Consumer Electronics
             10.3.7 Autonomous Cars

11 Geographic Analysis (Page No. - 116)
     11.1 Introduction
     11.2 North America
             11.2.1 US
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 Germany
             11.3.2 UK
             11.3.3 France
             11.3.4 Italy
             11.3.5 Spain
             11.3.6 Rest of Europe (RoE)
     11.4 Asia Pacific (APAC)
             11.4.1 China
             11.4.2 Japan
             11.4.3 South Korea
             11.4.4 India
             11.4.5 Rest of APAC (RoAPAC)
     11.5 Rest of the World (RoW)
             11.5.1 South America
             11.5.2 Middle East
             11.5.3 Africa

12 Competitive Landscape (Page No. - 129)
     12.1 Overview
     12.2 Key Players in the Machine Vision Market
     12.3 Competitive Situations and Trends
             12.3.1 Product Launches and Developments
             12.3.2 Partnerships, Collaborations, and Agreements
             12.3.3 Mergers & Acquisitions
             12.3.4 Other Developments
             12.3.5 Expansions

13 Company Profiles (Page No. - 137)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     13.1 Introduction
     13.2 Cognex Corporation
     13.3 Basler AG
     13.4 Omron Corporation
     13.5 National Instruments Corporation
     13.6 Keyence Corporation
     13.7 Sony Corporation
     13.8 Teledyne Technologies, Inc.
     13.9 Texas Instruments, Inc
     13.10 Allied Vision Technologies GmbH
     13.11 Intel Corporation
     13.12 Baumer Optronic GmbH
     13.13 Jai A/S

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 169)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (79 Tables)

Table 1 Currency Table
Table 2 Machine Vision Market: Market Size in Terms of Value, 2014–2022
Table 3 Machine Vision Market, By Camera, 2014–2022
Table 4 Machine Vision Market, By Component, 2014–2022 (USD Million)
Table 5 Machine Vision Market, By Hardware, 2014–2022 (USD Million)
Table 6 Machine Vision Market, By Camera, 2014–2022 (Million Units & USD Million)
Table 7 Market for Cameras, By Interface Standards, 2014–2022 (USD Million)
Table 8 Market for Cameras, By Frame Rate, 2014–2022 (USD Million)
Table 9 Market for Cameras, By Format, 2014–2022 (USD Million)
Table 10 Market for Cameras, By Sensor Type, 2014–2022 (USD Million)
Table 11 Market for Cameras, By Processor, 2014–2022 (USD Million)
Table 12 Machine Vision Camera Market, By Software, 2014–2022 (USD Million)
Table 13 Machine Vision Camera Market, By Product, 2014–2022 (USD Million)
Table 14 PC-Based Machine Vision Product Market, By Region, 2014–2022 (USD Million)
Table 15 Machine Vision Market for PC-Based Products, By Industrial Vertical, 2014–2022 (USD Million)
Table 16 PC-Based Machine Vision Product Market for Automotive Vertical, By Region, 2014–2022 (USD Million)
Table 17 PC-Based Machine Vision Product Market for Consumer Electronics Vertical, By Region, 2014–2022 (USD Million)
Table 18 PC-Based Product Machine Vision Market for Electronics and Semiconductor Vertical, By Region, 2014–2022 (USD Million)
Table 19 PC-Based Machine Vision Product Market for Printing Vertical, By Region, 2014–2022 (USD Million)
Table 20 Market for PC-Based Machine Vision Product Markets for Metals Vertical, By Region, 2014–2022 (USD Million)
Table 21 PC-Based Machine Vision Product Market for Wood and Paper Vertical, By Region, 2014–2022 (USD Million)
Table 22 PC-Based Machine Vision Product Market for Food and Packaging Vertical, By Region, 2014–2022 (USD Million)
Table 23 PC-Based Machine Vision Product Market for Rubber and Plastic Vertical, By Region, 2014–2022 (USD Million)
Table 24 PC-Based Machine Vision Product Market for Pharmaceutical Vertical, By Region, 2014–2022 (USD Million)
Table 25 PC-Based Machine Vision Product Market for Glass Vertical, By Region, 2014–2022 (USD Million)
Table 26 PC-Based Machine Vision Product Market for Machinery Vertical, By Region, 2014–2022 (USD Million)
Table 27 PC-Based Machine Vision Product Market for Solar Panel Manufacturing Vertical, By Region, 2014–2022 (USD Million)
Table 28 Machine Vision Market for PC-Based Products, By Nonindustrial Vertical, 2014–2022 (USD Million)
Table 29 PC-Based Machine Vision Product Market for Healthcare and Medical Imaging Vertical, By Region, 2014–2022 (USD Million)
Table 30 PC-Based Machine Vision Product Market for Postal and Logistics Vertical, By Region, 2014–2022 (USD Million)
Table 31 PC-Based Machine Vision Product Market for Its Vertical, By Region, 2014–2022 (USD Million)
Table 32 PC-Based Machine Vision Product Market for Security and Surveillance Vertical, By Region, 2014–2022 (USD Million)
Table 33 PC-Based Machine Vision Product Market for Agriculture Vertical, By Region, 2014–2022 (USD Million)
Table 34 Machine Vision Market for Smart Camera-Based Products, By Region, 2014–2022 (USD Million)
Table 35 Smart Camera-Based Product Machine Vision Market, By Industrial Vertical, 2014–2022 (USD Million)
Table 36 Smart Camera-Based Machine Vision Product Market for Automotive Vertical, By Region, 2014–2022 (USD Million)
Table 37 Smart Camera-Based Machine Vision Product Market for Consumer Electronics Vertical, By Region, 2014–2022 (USD Million)
Table 38 Smart Camera-Based Machine Vision Product Market for Electronics and Semiconductor Vertical, By Region, 2014–2022 (USD Million)
Table 39 Smart Camera-Based Machine Vision Product Market for Printing Vertical, By Region, 2014–2022 (USD Million)
Table 40 Smart Camera-Based Machine Vision Product Market for Metal Vertical, By Region, 2014–2022 (USD Million)
Table 41 Smart Camera-Based Machine Vision Product Market for Wood & Paper, By Region, 2014–2022 (USD Million)
Table 42 Smart Camera-Based Machine Vision Product Market for Food & Packaging Vertical, By Region, 2014–2022 (USD Million)
Table 43 Camera-Based Machine Vision Product Market for Rubber & Plastic Vertical, By Region, 2014–2022 (USD Million)
Table 44 Smart Camera-Based Machine Vision Product Market for Pharmaceutical Vertical, By Region, 2014–2022 (USD Million)
Table 45 Smart Camera-Based Machine Vision Product Market for Glass Vertical, By Region, 2014–2022 (USD Million)
Table 46 Smart Camera-Based Machine Vision Product Market for Machinery Vertical, By Region, 2014–2022 (USD Million)
Table 47 Smart Camera-Based Machine Vision Product Market for Solar Panel Manufacturing Vertical, By Region, 2014–2022 (USD Million)
Table 48 Smart Camera-Based Machine Vision Product Market, By Nonindustrial Vertical, 2014–2022 (USD Million)
Table 49 Smart Camera-Based Machine Vision Product Market for Healthcare Vertical, By Region, 2014–2022 (USD Million)
Table 50 Smart Camera-Based Machine Vision Product Market for Postal & Logistics Vertical, By Region, 2014–2022 (USD Million)
Table 51 Smart Camera-Based Machine Vision Product Market for Its Vertical, By Region, 2014–2022 (USD Million)
Table 52 Smart Camera-Based Machine Vision Product Market for Security and Surveillance Vertical, By Region, 2014–2022 (USD Million)
Table 53 Smart Camera-Based Machine Vision Product Market for Agriculture Vertical, By Region, 2014–2022 (USD Million)
Table 54 Smart Camera-Based Machine Vision Product Market for Consumer Electronics Vertical, By Region, 2014–2022 (USD Million)
Table 55 Smart Camera-Based Machine Vision Product Market for Autonomous Cars Vertical, By Region, 2014–2022 (USD Million)
Table 56 Machine Vision Market for Cameras, By Application, 2014–2022 (USD Million)
Table 57 Machine Vision Camera Market for Quality Assurance and Inspection Application, By Product, 2014–2022 (USD Billion)
Table 58 Machine Vision Camera Market for Positioning and Guidance Application, By Product, 2014–2022 (USD Million)
Table 59 Machine Vision Camera Market for Measurement Application, By Product, 2014–2022 (USD Million)
Table 60 Machine Vision Camera Market for Identification Application, By Product, 2014–2022 (USD Million)
Table 61 Machine Vision Market, By Vertical, 2014–2022 (USD Billion)
Table 62 Machine Vision Market, By Industrial Vertical, 2014–2022 (USD Million)
Table 63 Machine Vision Market, By Nonindustrial Vertical, 2014–2022 (USD Million)
Table 64 Machine Vision Market, By Region, 2014–2022 (USD Million)
Table 65 Machine Vision Market in North America, By Country, 2014–2022 (USD Million)
Table 66 Machine Vision Market in North America, By Vertical, 2014–2022 (USD Million)
Table 67 Machine Vision Market in Europe, By Country, 2014–2022 (USD Million)
Table 68 Machine Vision Market in Europe, By Vertical, 2014–2022 (USD Million)
Table 69 Machine Vision Market in APAC, By Country, 2014–2022 (USD Million)
Table 70 Machine Vision Market in APAC, By Vertical, 2014–2022 (USD Million)
Table 71 Machine Vision Market in RoW, By Region, 2014–2022 (USD Million)
Table 72 Machine Vision Market in RoW, By Vertical, 2014–2022 (USD Million)
Table 73 Company Revenues of Major Players, USD Billion (2013–2015)
Table 74 Top 5 Players in the Machine Vision Market, 2015
Table 75 Product Launches and Developments (2014–2016)
Table 76 Partnerships, Collaborations, and Agreements (2014–2016)
Table 77 Mergers & Acquisitions (2016)
Table 78 Other Developments (2015)
Table 79 Expansions (2014–2016)


List of Figures (73 Figures)

Figure 1 Machine Vision Market Segmentation
Figure 2 Machine Vision Market: Research Design
Figure 3 Research Flow
Figure 4 Global Industrial Control and Factory Automation Market (2013–2022)
Figure 5 Global Artificial Intelligence Chipset Market (2013–2022)
Figure 6 Market Size Estimation Methodology: Bottom-Up Approach
Figure 7 Market Size Estimation Methodology: Top-Down Approach
Figure 8 Data Triangulation
Figure 9 Machine Vision Market (2014–2022)
Figure 10 Machine Vision Market for Identification Application Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 11 Market for Smart Camera-Based Machine Vision Systems Expected to Grow at the Highest Rate During the Forecast Period
Figure 12 Hardware Component Expected to Hold the Largest Size of the Overall Machine Vision Market During the Forecast Period
Figure 13 Market for Nonindustrial Vertical Expected to Grow at A Higher Rate During the Forecast Period
Figure 14 APAC Held the Largest Size of the Machine Vision Market in 2015
Figure 15 Machine Vision Market Expected to Grow at A Significant Rate Owing to Increasing Need for Quality Inspection Between 2016 and 2022
Figure 16 Industrial Vertical Expected to Hold the Largest Size of the Overall Machine Vision Market During the Forecast Period
Figure 17 Machine Vision Market for Identification Application Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 18 APAC Expected to Hold the Largest Share of the Machine Vision Market in 2016
Figure 19 Machine Vision Market in China Expected to Grow at the Highest Rate During the Forecast Period
Figure 20 APAC Expected to Dominate the Overall Machine Vision Market Between 2016 and 2022
Figure 21 Evolution of Machine Vision Technology
Figure 22 Machine Vision Market, By Geography
Figure 23 Increasing Adoption of 3d Machine Vision Systems is Driving the Growth of the Machine Vision Market
Figure 24 Growth of Industrial Robotics in Terms of Shipment Between 2010 and 2015
Figure 25 Average Yearly Wages in the Manufacturing Sector in China
Figure 26 Growing Market for UAV Drones for Inspection and Monitoring Application (2013–2020)
Figure 27 Value Chain Analysis: Maximum Value Added During Component and Equipment Manufacturing and System Integration Stages
Figure 28 Increasing Adoption of Cloud Computing Technique is A Leading Trend in the Machine Vision Market
Figure 29 Porter’s Five Forces Analysis, 2015
Figure 30 Porter Five Force Analysis, 2015
Figure 31 Machine Vision Market: Threat of New Entrants
Figure 32 Machine Vision Market: Threat of Substitutes
Figure 33 Machine Vision Market: Bargaining Power of Suppliers
Figure 34 Machine Vision Market: Bargaining Power of Buyers
Figure 35 Machine Vision Market: Intensity of Competitive Rivalry
Figure 36 Machine Vision Market for Software Component Expected to Grow at A Higher Rate During the Forecast Period
Figure 37 Camera Link Interface Standard Expected to Hold the Largest Size of the Machine Vision Market for Hardware Component During the Forecast Period
Figure 38 The Machine Vision Market for Cameras Based on Area Scan Format Expected to Grow at A Higher Rate During the Forecast Period
Figure 39 FPGA Processor-Based Cameras to Lead the Machine Vision Market Between 2016 and 2022
Figure 40 Smart Camera-Based Machine Vision Systems Expected to Dominate the Market During the Forecast Period
Figure 41 Pharmaceutical Industrial Vertical Expected to Hold the Largest Size of the Machine Vision Market for PC-Based Products By 2022
Figure 42 Machine Vision Market in APAC for PC-Based Products Expected to Grow at the Highest Rate During the Forecast Period
Figure 43 Healthcare & Medical Imaging Vertical Expected to Dominate the Machine Vision Market for PC-Based Products Between 2016 and 2022
Figure 44 APAC to Lead the Market for Smart Camera-Based Machine Vision Products During 2016–2022
Figure 45 Smart Camera-Based Machine Vision Product Market for Autonomous Cars Expected to Grow at the Highest Rate During the Forecast Period
Figure 46 The Smart Camera-Based Machine Vision Product Market in APAC for Consumer Electronics Vertical Expected to Hold the Largest Size By 2022
Figure 47 Machine Vision Market for Identification Application Expected to Grow at the Highest Rate During the Forecast Period
Figure 48 Smart Camera-Based Product Market for Positioning and Guidance Application Expected to Grow at A Higher Rate During the Forecast Period
Figure 49 Smart Camera-Based Products Expected to Hold A Larger Market Size for Identification Application During the Forecast Period
Figure 50 Industrial Vertical Likely to Hold A Larger Size of the Machine Vision Market Between 2016 and 2022
Figure 51 Geographic Snapshot of the Machine Vision Market (2016–2022)
Figure 52 Snapshot of the Machine Vision Market in North America
Figure 53 Germany Expected to Hold the Largest Size of the European Machine Vision Market By 2022
Figure 54 Snapshot of the Machine Vision Market in APAC
Figure 55 Machine Vision Market for Nonindustrial Vertical in RoW Expected to Grow at A Higher Rate Between 2016 and 2022
Figure 56 Companies Adopted Product Launches and Developments as the Key Growth Strategy Between 2012 and 2016
Figure 57 Cognex Corporation Registered the Highest CAGR in Terms of Revenue Between 2013 and 2015
Figure 58 Market Evolution Framework —Product Launches and Developments as the Major Strategy Adopted By Key Players (2013–2016)
Figure 59 Battle for Market Ranking: Product Launches and Developments as the Key Growth Strategy
Figure 60 Geographic Revenue Mix of Major Market Players
Figure 61 Cognex Corporation: Company Snapshot
Figure 62 Cognex Corporation: SWOT Analysis
Figure 63 Basler AG: Company Snapshot
Figure 64 Basler AG: SWOT Analysis
Figure 65 Omron Corporation: Company Snapshot
Figure 66 Omron Corporation: SWOT Analysis
Figure 67 National Instruments Corporation: Company Snapshot
Figure 68 National Instruments Corporation: SWOT Analysis
Figure 69 Keyence Corporation: SWOT Analysis
Figure 70 Sony Corporation: Company Snapshot
Figure 71 Teledyne Technologies, Inc.: Company Snapshot
Figure 72 Texas Instruments, Inc.: Company Snapshot
Figure 73 Intel Corporation: Company Snapshot

According to MarketsandMarkets’ forecast, the overall machine vision market was valued at USD 8.12 Billion in 2015 and is expected to reach USD 14.43 Billion by 2022, growing at a CAGR of 8.15% between 2016 and 2022. The growth of this market is driven by the increasing need for quality inspection and automation across industry verticals, surge in demand for vision-guided robotic systems in automotive, pharmaceutical, food and packaging, and industrial sectors, and growing demand for application-specific machine vision systems.

This report covers the machine vision market based on component, product, application, vertical, and geography. The hardware component held the largest size of the studied market in 2015. Rapid changes in terms of manufacturing technology, innovation, and technical advancements in automotive and pharmaceutical industries are expected to drive the machine vision market. Under the hardware component, the camera segment held the largest size of the machine vision market and the market for the same is expected to grow at the highest rate during the forecast period. In future, the camera segment is likely to undergo more advancement with the introduction of 3D machine vision concept and is expected to bring new growth avenues for the studied market.

With regard to the application segment, the market for the identification application is expected to grow at the highest rate during the forecast period. Machine vision systems are widely used for identifying the labels, barcodes, and texts to help in the entire automatic operation of packaging. It is mostly used in healthcare and consumer packaged goods sectors to resist the counterfeit products. This system makes the process fast and eliminates duplicate packets. It is also used for security purpose such as camera surveillance, traffic monitoring, number plate recognition, lane identification, and other intelligent transportation system.

In terms of the product segment, PC-based systems held the largest market size during the forecast period. The rise in wages of labor in China and developing countries, growing number of regulatory mandates in manufacturing industries, and growing demand for application-specific machine vision systems are creating a huge demand for machine vision systems across the world.

Machine Vision Market

APAC held the largest share of the machine vision market in 2015. APAC is expected to provide ample of opportunities for machine vision systems since it is considered as the manufacturing hub of the world. China has been a potential market for all the emerging technologies including machine vision. Its massive manufacturing industries have contributed to the growth and prosperity of the country. Increasing manufacturing facilities and growing industrial base of China are the factors driving the machine vision market in APAC. Owing to the recent developments and increased expenditure on vision-related R&D activities, APAC is expected to be the fastest-growing market.

The major challenges for the companies in the market are complexity in integrating machine vision systems and lack of user awareness about rapidly changing machine vision technology. The major vendors in the machine vision market include Cognex Corporation (U.S.), Basler AG (Germany), Omron Corporation (Japan), National Instruments Corporation (U.S.), Keyence Corporation (Japan), Sony Corporation (Japan), Teledyne Technologies, Inc. (U.S.), Texas Instruments, Inc. (U.S.), Allied Vision Technologies GmbH (Germany), Intel Corporation (U.S.), Baumer Optronic GmbH (Germany), and JAI A/S (Denmark). These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and expansions to cater to the customer demands.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Available Customizations Title

Client Customization Problem Statement :

This assignment was for “Assessment of new product launch: Lensless Smart Sensor”. The client needed to understand in-depth analysis of Machine Vision systems market for various application and by different geographic market. The client was interested into various camera types and their market share in different industries/applications. The client was also interested in knowing detailed supply chain, pricing analysis and competitor analysis for this market.

Solution Provided:

MnM carried out a detailed search of the public domain and its own proprietary & non-proprietary databa....

MnM carried out a detailed search of the public domain and its own proprietary & non-proprietary database on target machine vision systems market to orient the project, develop the industry structure including, manufacturers/suppliers, distributors, customers, associations, regulatory authorities and allied stakeholders. Exhaustive interviews were conducted from sales, marketing, production, R&D, technical experts using a semi-structured Discussion Guide to understand and provide the in-depth analysis of the market. These interviews were used to draw out information such as major customers, end user industry demand, customers activity, trends, future growth, etc. Similarly among regulatory authorities, associations and others bodies, MnM also obtained detailed information on market sizes, usage trends, future growth prospective for target end user industries along with the major consumer details.

Value Delivered

  • MnM’s client was able to understand the current scenario of the Machine Vision Systems market. Also, the market forecasts were provided to focus client’s attention to the high growth camera markets of Machine Vision systems.
  • The application and industry market with the market size and their product line also helped the client to target the new product launch in different application segments
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Client Consult Problem Statement :

MnM’s client who is one of the leading industry players in image sensors was about to launch new product in image sensor market. As a result client was interested in knowing the market potential of machine vision industry. The key objective for the study involved :

  1. Potential market of machine vision industry
  2. Competitive landscape machine vision industry
  3. Go to market strategy for client
  4. Competitive landscape

Solution Provided:
  1. Methodology Adopted by MnM : MnM completed this study through a combination of extensi....
  1. Methodology Adopted by MnM : MnM completed this study through a combination of extensive secondary research followed by primary discussions with Key Opinion Leaders, machine vision industry players, and their customers. Exhaustive interviews were conducted from sales, marketing, production, R&D, technical experts using a semi- structured questionnaire to understand and provide the In-depth analysis. MnM also obtained information on, usage trends, future growth prospects for target end user from various industrial verticals. The findings of these approaches were verified by using top down and bottom up approaches
  2. Actual Solution Provided: -
    • TAM of machine vision market
    • Geographical contribution focusing on this market with detailed analysis of regional driving, restraining factors
    • Analysis of best industry vertical to enter into the market
    • Impact of technological advancements in pressure relief valves, rupture disc and explosion vent market

Value Delivered:

MnM’s client was able to understand the existing market scenario of machine vision market.

The competitors benchmarking also helped to understand the client’s present situation in the value chain of this industry. In addition detailed Competitive Landscape covered by the percentage breakups of strategies used by the key industry players of this industry

Go to market strategy specially for new product of the client

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Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit http://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

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