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 Machine Vision 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.
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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.
Detailed 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.
Impact of COVID-19 on the Global Machine
Vision Market at: https://www.marketresearchfuture.com/report/covid-19-impact-machine-vision-market
Competitive Analysis
The market is estimated to be energized by the
incentives offered by the governments and the initiatives taken to spur the
global market. The trade blockades are, however, estimated to slow down the
momentum that could be attained by the market. The companies in the market are
estimated to solely focus on getting their growth paths back on track to
maximize the opportunities that may arise. The reinforcement of the
distribution channels is estimated to further place the market in the right
place for the future. The emphasis on marketing strategies is estimated to
decline due to the focus being placed on cost optimization. The contender's
progress in the market is estimated to be bolstered by the innovations that are
being undertaken to enhance the core product offering in the upcoming period.
The notable contenders in the machine vision market
are Vitronic GmbH (Germany), Basler AG (Germany.), National Instruments (U.S.),
Perceptron, Inc. (U.S.), Omron Corporation (Japan), Microscan Systems (U.S.),
Cognex Corporation (U.S.), ViDi Systems SA (Switzerland), Optotune AG
(Switzerland), USS Vision (U.S.), Keyence (Japan), among others.
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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