Machine vision market is the technology in which a computer is given an ability to see real world object and extract information from it. The extracted information is processed further as per the demand of the user. Keeping track on the quality of product and regular inspection of product line is the key concern for manufacturing firm these days. Rise in automotive demand, regulation for quality inspection in industry, adoption of Industry 4.0 and growing demand for Artificial Intelligence (AI) is the major driving factors.
Less flexibility in working of machine is another restraining factor in this market. Slow adoption of this technology due to lack of awareness hinders the growth of this market. Beside these restraints, there is enormous opportunity for growth of this market which includes rapid industrialization in emerging economies, adoption of 3D machine vision technology in various sectors.
Geographically market is divided into North America, Asia Pacific, Europe and Rest of the world. Asia pacific region is expected to dominate the market, countries such as China and India is rapidly growing in electronics, healthcare, industrial and other sector where machine vision technology is widely implemented. The growth of APAC market will continue due to immense growth of automotive market in the region. North America and Europe has already implemented such technology in various sector therefore, expected to grow at stagnant growth rate. Rest of the world is also adopting such technology to make their industry more efficient.
The presence of large number of companies in the segment makes it highly competitive. The key players incorporate continuous research and development to improve their product portfolio to gain competitive advantage. The rise in automation in various vertical of industry has propelled the competition among existing and emerging players. Major players in the segment are Keyence Corp., Cognex Corp., Sony Corp., Omron Microscan System, Inc., National Instruments, Sensory Inc., Pro photonix, Perceptron, Inc., Teledyne Dalsa, Inc., USS Vision Inc., Adept technology, Inc., Framos. These players capture the major segment of the market. The report includes detailed analysis of companies, market overview, analyst insights and market segmentation.
The market study of global machine vision market is incorporated by extensive primary and secondary research conducted by research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings the authenticity in our reports.
Secondary sources include:
- Financial reports of companies involved in the market
- Whitepapers such as research-papers and news blogs
- Company websites and their product catalogue.
The report is intended for researchers and developers in IT segment, emerging software and financial companies in the market, investing companies, government organizations for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, growth opportunity in market, product types. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models such as PEST analysis, Porter five analysis delivering insights into the market for better business decisions.
Global Machine Vision market is segmented on the basis of regional outlook and following segments:
1. Global Machine Vision Market Research and Analysis, By Type
2. Global Machine Vision Market Research and Analysis, By Application
3. Global Machine Vision Market Research and Analysis, By Component
4. Global Machine Vision Market Research and Analysis, By Industry vertical
THE REPORT COVERS:
- Comprehensive research methodology of Machine Vision Market
- This report also includes detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Machine Vision Market
- Insights about market determinants which are stimulating the Machine Vision Market
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.