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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