Global Machine Vision Market: Overview
Machine vision is the technique and the technology used to offer automatic analysis and inspection based on images for various applications such as process control, automatic inspection, and robot guidance. There is a wide scope for the growth of the machine vision.
Global Machine Vision Market: Growth Factors
The global machine vision market is anticipated to propel in the coming future. Increasing demand from the industry for machine vision devices is the main reason that has driven the growth of the global market. To add to this, use of advanced technology in the development of machine vision devices is also boosting the growth of the global machine vision market. Further, the affordable cost of labor associated with the machine vision industry is also driving the global market growth. Furthermore, increased job opportunities are also powering the growth of the global machine vision market.
On the other hand, high cost for maintenance costs of machine vision devices is the main reason hampering the growth of global machine vision market. The high cost of transportation is one of the reasons that are decreasing the growth of the global market. Lastly, high cost for raw material is also one of the significant reasons that are restraining the growth of the global market.
Global Machine Vision Market: Segmentation
Based on the types of component, the global machine vision market is mainly classified as FPGA, processor, microcontroller, DSP, optics, microprocessor, LED lighting, frame grabber, application specific, deep learning, and others.
On the basis of product, the global market is divided into smart camera-based machine vision system and PC-based machine vision system.
Based on the application, the global market for machine vision segmented into positioning and guidance, quality control and inspection, identification, measurement, recognition, and others.
On the basis of the camera, the global market is bifurcated into interface standards, sensor type, format, frame rate, and others.
Based on the industrial verticals, the global market for machine vision segmented into consumer electronics, automotive, printing, electronics & semiconductor, wood & paper, metals, rubber & plastics, food & packaging, glass, pharmaceutical, solar panel manufacturing, machinery, and others.
On the basis of non-industrial verticals, the global market is bifurcated into postal & logistics, healthcare & medical imaging, security & surveillance, intelligent transportation system (ITS), consumer electronics, agriculture, autonomous cars, and others.
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Global Machine Vision Market: Regional Analysis
Geographically, the global market for machine vision is significantly segmented into Asia-Pacific, North America, the Middle East and Africa, and Europe. Increasing demand from the industry for machine vision devices is boosting the global market in North America. Use of advanced technology in the development of machine vision devices is lowering the global market in India and China.
Global Machine Vision Market: Competitive Players
Key players in the global machine vision market are Basler AG, Cognex Corporation, National Instruments Corporation, Omron Corporation, Sony Corporation, Keyence Corporation, Texas Instruments, Inc., Teledyne Technologies, Inc., Intel Corporation, Allied Vision Technologies GmbH, JAI A/S, and Baumer Optronic GmbH.