Machine Vision Market Growth Analysis And Indications – Includes Machine Vision Market Analysis
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Major players in the machine vision market include Cognex Corporation, Keyence Corp., Omron Corporation, Sony Corporation, Teledyne Technologies.
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The machine vision market is expected to reach from $15.13 billion in 2021 to $23.47 billion in 2026 at a rate of 9.2%. The global machine vision market size is then expected to grow at a CAGR of 9.5% from 2026 and reach $36.96 billion in 2031.
North America was the largest region in the global machine vision market.
The machine vision market consists of sales of machine vision devices, software, and services by entities (organizations, sole traders, and partnerships) that allow a computer to examine, analyze, and identify static or moving images. Machine vision systems are a set of connected devices which are designed to automatically direct production and manufacturing procedures such as go/no go assessment and quality control processes using information retrieved from digital images.
Increasing urbanization will support the growth of the machine vision market.
Vision-guided robotic systems are a key trend gaining popularity in the machine vision market. A vision-guided robotic system combines robotic applications with the assistance of a machine vision system. A robotic arm receives accurate coordinates via a specialized camera that takes a picture of an object and analyses it. After that, the robotic arm goes to the appropriate location. In robotics, a machine vision camera, proper illumination, and image processing software make up a machine vision system. Industrial vision systems may be utilized in a variety of applications that need precision and accuracy, depending on the technology employed. Vision guided systems have a very low downtime which makes it reliable as it can detect any movement in the operating environment. They also improve product quality and reduce the production costs which makes it better in terms of return on investment. Machine vision can be used in the automobile sector to detect movement or obstacles in the way of the vehicle using vision-guided robotic systems.
TBRC’s Machine Vision Market Report Is Segments:
By Product: PC Based, Smart Camera Based
By Offering: Hardware, Software, Service
By Deployment Type: General Machine Vision System, Robotic Cell
By Application: Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification, Predictive Maintenance
By End-Use Industry: Automotive, Pharmaceuticals and Chemicals, Electronics and Semiconductor, Pulp and Paper, Printing and Labeling, Food and Beverage, Postal and Logistics, Other End-Users
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Machine Vision Market Report 2022–Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides an overview of the machine vision market globally and regionally, analyzes and forecasts market size, share, machine vision market players, machine vision market segments, leading competitor revenues, profiles and market shares.
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