Machine Vision Market-Overview
The path-breaking imaging technologies are estimated to spur the machine vision market in 2020. The AI and analytics reports are made by Market Research Future, which includes market possibilities for progress. The market is intended to earn USD 15.46 billion with the support of an 8.18% CAGR by the end of 2022.
The applications in smart security systems are predicted to spur the Machine Vision Market share in the forthcoming years. The ability to interface easily with human activity is estimated to provide favourable leverage to the machine vision market size.
Key Players
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.
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Segmental Analysis:
The segmental study of the machine vision market is conducted on the basis of type, application, component, end-user and region. The application-based segmentation of the machine vision market comprises of gauging, guidance, inspection, identification, and other. Based on the type, the machine vision market comprises of 2D machine vision, 1D machine, and 3D machine vision. Based on the component, the machine vision market is segmented into hardware such as cameras, illuminations, sensors, ASMV, processors and others and software. Based on the end-users, the machine vision market consists of electronics and semiconductor, automotive, healthcare, food and packaging, and others. Based on the regions, the machine vision market consists of North America, Europe, APAC and the rest of the regions in the world.
Regional Analysis:
The regional scrutiny of the machine vision market consists of North America, Europe, APAC and the rest of the regions in the world. The machine vision market is rising with an optimistic development in all the regions. The application areas in the market year on year, progression in technology and incorporation is motivating the machine vision market on a global scale. The Asia Pacific region is governing the global machine vision market with more than 30% of market portion shadowed by the European region which takes the second key market stake due to the substantial demand from the healthcare and automotive industry. The North American region stands in as the third biggest machine vision market.
Industry Updates:
July 2020 Valmet will be delivering a new-generation machine vision system to ITC in India. The novel Valmet IQ Web Inspection System (WIS) will be fitted on ITC’s packaging board machine the BM7, substituting the current WIS system. The innovative Valmet IQ WIS will permit the mill to examine and develop paper quality in better detail. The package comprises of two camera beams, and dual-LED light beams for transmission, maximum high angle reflection with sidelight and bottom high angle reflection employing multi-geometry technology with smart 8K Dual-line TDI cameras.
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Intended Audience
- Data Centers
- Manufacturing Companies
- Software Developers
- Energy Generation Companies
- Technology Providers
- Distributors
- Research firms
- Consultancy firms
- Semiconductor Manufacturers
- Stakeholders
- End-user sectors
- Technology Investors
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