Machine Vision Market Growth, Outlook, Demand, Key Player Analysis and Opportunity

1. Global Machine Vision Market Research Report and Outlook By 2023 Copyright © IMARC Service Pvt Ltd. All Rights Reserved

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3. Report Description and Highlights Report Description Machine Vision Market Report By Product (Vision Systems, Cameras and Others), Application (Positioning, Identification, Verification, Measurement and Others), Component, Industry, Region Over the past few years, the global machine vision market has witnessed a healthy growth. The trend of product miniaturization has increased the demand for machine vision systems as they play an important role in inspecting defects in both industrial and non-industrial applications. Market Overview: According to the latest report by IMARC Group, titled “Machine Vision Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global machine vision market reached a value of US$ 8.4 Billion in 2017. Machine vision (MV) refers to the technology which performs image-based automatic inspections by employing video cameras, digital signal processing (DSP) and analog to digital conversion (ADC). The data captured is then transferred to a computer for further analysis and to provide the desired output. The two main aspects of machine vision systems are sensitivity and resolution. Sensitivity refers to the machine’s capability of inspecting objects in dim light or detecting weak impulses at invisible wavelengths, whereas resolution assists in differentiating objects. Nowadays, machine vision systems are gaining traction as they help in lowering production cost, increasing productivity, improving quality and reducing equipment cost.

4. Report Description and Highlights Report Description • Global Machine Vision Market Trends: • The ongoing trend of product miniaturization has made machine vision systems vital for inspecting measurements and defects in miniaturized products. These systems can inspect minute details which may otherwise be too small for the human vision to detect. Machine vision systems prevent defective components from reaching the later stages of production by identifying them at earlier stages which subsequently helps in minimizing unnecessary costs. Owing to this, machine vision systems are increasingly being incorporated in several manufacturing industries. In line with increasing automation, the adoption of robots is also rising across various industry verticals. As these robots rely on machine vision to perform tasks, this is projected to proliferate the demand for machine vision systems across the globe. On account of these factors, the market value is forecasted to reach US$ 13.5 Billion by 2023, expanding at a CAGR of around 8% during 2018-2023. • Machine Vision Market Segmentation: • Market Segmentation by Product Type • Vision Systems • Cameras • Request for a sample report: https://www.imarcgroup.com/request?type=report&id=1075&flag=B

5. Market Forecast Sample Figure: Global: Machine Vision Market Forecast: Value (in Billion US$), 2018-2023

6. Market Segmentation Report Description • Others • Based on type, the market has been segregated as vision systems, cameras and others. At present, vision systems dominate the market, holding the largest share, as these devices are able to detect errors and timely deliver information. • Market Segmentation by Component • Hardware • Software • On the basis of components, the machine vision market has been bifurcated into the hardware and software categories. Amongst these, hardware components account for the majority of the total market share as they play a vital role in integrating smart components in order to improve the efficiency of machine vision systems. • Market Segmentation by Application • Positioning • For more information, click here: https://www.imarcgroup.com/machine-vision-market

7. Market Segmentation Report Description • Identification • Verification • Measurement • Flaw Detection • Others • The market has also been segmented on the basis of applications into positioning, identification, verification, measurement and flaw detection. Positioning currently represents the largest segment, holding the dominant share. • Market Segmentation by Region • North America • Europe • Asia Pacific • Latin America • Middle East and Africa • Region-wise, Asia Pacific is the leading market, accounting for the majority of the global share. Rapid industrial expansion in countries like China, Japan, India and South Korea is contributing to the development of several innovative products and adoption of advanced technologies in the region.

8. Regional Segmentation North America Europe Asia- Pacific Middle East and Africa Latin America

9. Market Segmentation Report Description • Other major markets include Europe, North America, Middle East and Africa, and Latin America. • Market Segmentation by Industry • Automotive • Medical and Pharmaceutical • Electronics and Semiconductor • Food, Packaging and Printing • Security and Surveillance • Intelligent Traffic System • Identification • Others • The market has also been divided on the basis of industry into automotive; medical and pharmaceutical; electronics and semiconductor; food, packaging and printing; security and surveillance; intelligent traffic system; and identification. • Competitive Landscape: • The competitive landscape of the market has also been examined with some of the key players.

10. Market Segmentation Report Description • Cognex Corporation • Basler AG • Omron Corporation • National Instruments Corporation • Keyence Corporation • Sony Corporation • Teledyne Technologies • Texas Instruments Inc.Allied Vision Technologies GmbH • Intel Corporation • Baumer Optronic GmbH • Jai A/S. • In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

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13. Partial List of Clients • We are the trusted business partners to the world's leading corporates, governments, and institutions A partial List of our Clients

14. Report Description and Highlights Report Description © 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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