Machine Vision Global Market – Overview
Machines are everywhere and the rising adoption of automation is letting the companies to adopt the latest trends in machine vision technology for smart cities, security solutions and people management. Machine vision is an image based recognition technology providing the inspection and analysis in various applications across different industrial verticals. This technology provides a computer system with an ability to see, identify and analyse like humans. The machine vision technology market captures various end users and various different vendors contributing to the formation of a machine vision enabled systems. A major trend that tend to drive the market growth is miniaturization of manufacturing equipment, optical products, electronic devices and products. The machine vision uses cameras for visual inspection and judgement capabilities. However, there are certain factors that tend to slow down the growth of Machine Vision Market. These cameras can be tricked or fooled easily in order to get a illegal access to other property. Apple’s Face ID locking and unlocking system is one of the application of machine vision, but a numerous attempts had been made to trick the system and it was successful. While the technology is in the beta stage, it will soon have a high level of advancement because of the abilities of machine to converse with each other.
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Industry/ Innovation/ Related News
January 23, 2018 – Industrial Sensor Vision International Corporation (ISVI – US) designer and manufacturer of high-resolution, high-speed camera technology announced Framos (a well positioned machine vision industry leader) as its global distributor of its products. Together with Framos’ knowledge to enable machines to see and think, ISVI is looking forward to provide broad scale imaging innovation.
January 29, 2018 – Himax Technologies, Inc. (US) a leading supplier and manufacturer of display drivers and other semiconductor products, also offering digital camera solutions, including 3D sensing and machine vision, used in variety of applications such as IoT & etc. announced the acquisition of a technology company – Nano 3D (US) mastering assets, related to intellectual property & business
The prominent players in the market of Machine Vision Market are – Cognex Corporation (U.S.), Vitronic GmbH (Germany), Perceptron, Inc. (U.S.), Microscan Systems (U.S.), Basler AG (Germany.), National Instruments (U.S.), Optotune AG (Switzerland), USS Vision (U.S.), ViDi Systems SA (Switzerland), Keyence (Japan), Omron Corporation (Japan) among others.
Worldwide Machine Vision Market – Segmentations
for the convenience of the report and enhanced understanding; The Machine Vision Market is divided in to 5 key dynamics
- By Type: Comprises 1D, 2D & 3D Machine Vision.
- By Application: Identification, Inspection, Gauging, Guidance, among other.
- By Component: Hardware (ASMV, Cameras, Sensors, Illuminations, Processors and other) and Software.
- By End Users: Electronics and Semiconductor, Automotive, Food and Packaging, Healthcare, and other.
- By Regions: APAC, Europe, North America and Rest of the World.
Worldwide Machine Vision Market – Regional Analysis
Asia Pacific with the largest (30%) market share followed by Europe and North America respectively. APAC dominates the global market, whereas Europe takes the second position owing to the augmented demand from healthcare and automotive sectors. North America is the third largest market for Machine Vision.
Machine Vision Market perceives a positive growth in all the regions on global scale attributing to the increasing application areas every year along with the technological advancements and integration.
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- Data Centers
- Manufacturing Companies
- Software Developers
- Energy Generation Companies
- Technology Providers
- Research firms
- Consultancy firms
- Semiconductor Manufacturers
- End-user sectors
- Technology Investors
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