Global Industrial Vision Market Synopsis
The data
experts at Market Research Future Reports (MRFR) have conducted a thorough
analysis of the global Industrial Vision Market. As per the analysis, the market is projected
to hold a value of USD 11 billion, expanding at a CAGR of 14% during the
forecast period from 2017 to 2023. The ability to be able to perform various pre-processing
and segmentation algorithms is anticipated to be a pivotal factor driving the
global industrial vision market 2020.
Advantages,
such as high performance and robust pre-processing can prompt the rise of the
industrial vision market. The industrial vision technology has redefined the
healthcare industry with the introduction of robotic surgery. In this surgery,
it allow surgeons to perform with less vibrations and fine detail. Vision systems
are known as the integral part of different industries as they offer fast,
accurate, and reproducible inspection capabilities at decent cost.
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The
distinctness of systems that perform multiple pre-processing and segmentation
algorithms at real-time rates based on their designs and application-specific
integrated circuits in smart cameras, embedded vision computers or processors,
or host-based processing systems can prompt the expansion of the market. Plus,
the rise in utility of simple digital cameras and the need for the delivery of
image data directly to a host can spur the expansion of the market. On the
downside, lack of flexibility of machine vision solutions can dampen the
industrial vision market growth in the near future.
Segmental
Analysis
The
segmental study of the industrial vision market is based on component, product,
technology, and vertical.
The
product based segments of the industrial vision market are embedded and
PC-based. Amongst all these, the high performance threshold embedded system to
constantly perform basic tasks can prompt the market growth. Plus, the rarely
requirement for hardware changes, such as addition of extra storage space is
not required.
The
technology-based segments of the industrial vision market are laser, imaging,
and augmented.
The
component based segments of the market are software and hardware.
The
vertical based segments of the industrial vision market are automotive,
consumer electronics, food & packaging, metals, pharmaceutical, healthcare,
and others. The rise in application of industrial vision market in the food and
packaging sector is expected to cause the market to rise at a decent pace.
Regional
Insights
North
America industrial vision market is expected to generate substantial revenue in
the years to come. The industrial vision market in North America is considered
to secure the highest share of the global industrial vision market. It is due
to advancement in technology and its implementation in the industries. In Asia
Pacific, the region is expected to showcases a decent growth rate of the
industrial vision market. In addition, the presence of numerous reputed
providers of industrial vision manufacturers in countries, such as South Korea,
India, Japan, and China can support the expansion of the market. On the other
hand, in Europe, the rise in concentration of industrial vision solution
providers are expected to impel the expansion of the market. The existence of
major automotive dealers can shore up the industrial vision market in Europe.
The high robustness, need for high stability, reliability, and better accuracy
in aerospace, government, and military applications can bolster the rise of
industrial vision market in Europe through the assessment period.
Competitive
Dashboard
MRFR
discerned some reputed players of the industrial vision global market. They
are; Basler AG (Germany), Teledyne Dalsa (U.S), MVTech Software GmBH (Germany),
Sick IVP (Germany), Omron Corporation (Japan), Pixelink (U.S), JAI (U.S),
Cognex Corporation (U.S), Adept Technologies Inc. (U.S), and LMI Technologies
(U.S).
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