In this competitive world quality plays a vital role. Maintaining the quality and the relationships with customers is an important element that enhances the growth. For ensuring that level of quality, mainly in a long-run, is a difficult task. Moreover, the rules and regulations have become stricter due to which the quality inspection has become a very important aspect for every manufacturer. Recently customers have become more knowledgeable therefore they have quality as their priority. For quality inspections mistakes may lead to loss or even cause a break of any rules or regulation. Thus, to avoid mistakes, have a proper defect detection along with tolerance monitoring machine vision systems are widely adopted. Some machine vision systems also provide component measurement and some also provide feedback data to the customer about their product quality and process capability.
Global Machine Vision Market is expected to show rapid growth in the coming years especially from the automotive industry. On the basis of Type, the global market has been segmented on the basis of 1D, 2D and 3D machine vision. Growing industrialization and high investment on the quality and inspection of in the industry is leading to high demand for the machine vision systems. On the basis of Type, 2D Machine vision is dominating the market and holds the largest market share. growing industries such as Automotive, Healthcare and Automotive are the major driver for the growth of 2D machine vision systems whereas advancement and automation in the manufacturing is pushing the market of 3D machine vision.
The global Machine Vision market is expected to reach USD 15.46 billion by the end of 2022 with 8.18% CAGR during forecast period 2017-2022.
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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
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.
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 – 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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