Automotive Industry Today

Machine Vision Systems Market worth US$ 51.05 Billion in the year 2025

The Insight Partners added “World Machine Vision Systems Market Report 2018-2025” to its research database. The report is spread across 185 pages and supported by 10 company leaders.
Published 23 January 2018
Machine vision is technology which is used to provide imaging- based automotive inspection and is use to analyze some of the application such as process control, robot guidance, automatic inspection and usually in industry. It is an ability of a computer to employs analog to digital conversion and digital to analog processing. Machine vision has a key importance in the area of manufacturing due to increasing demand of manufacturers and customers. It uses industrial image processing by making use camera mounted over production lines in order to inspect product, direct product and guide robots. Some of the problems related to machine vision are flaw detection, robotic guidance, identification and verification. Machine vision includes some of the benefits such as that it performs multiple preprocessing and segmentation algorithms, reduce cost, consistency, error proofing and validation. Machine vision is used by automotive, electronics, solar production, food processing, engine part inspection, printing & packaging, robot guidance and medical inspection.
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The major driving factor fueling the growth of machine vision system is increasing adoption of robots across industrial area which is leading towards vision guided robotic system, over the last few years robotics has undergone remarkable growth. Robots are used in industrial applications to perform tasks, such as welding, part picking, metal working and more. In addition to this there are several other factors which drives the market such as variation among different inspectors, cost-effective, speedy, accurate, high functionality of an inspector and increasing need for quality products. However, the factor hindering the growth of machine vision system are essential training & education, slow process, cannot be operated in hazardous environment and need for expert labors. Rising demand for automation in industries application and evolution of CMOS image sensors is expected to boost the market for machine vision system over the forecast period.

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Machine vision system market is segmented on the basis of type such as smart machine vision systems, pc-based machine vision systems and 3d machine vision systems and the market is further break down on the basis of component which includes cameras, frame grabbers, processors, illumination & optics, vision software and others. Similarly, the market is further segmented on the basis of end user which includes automotive, consumer electronics, food & beverage, pharmaceuticals, logistics and others.
The market is segmented into major regions that include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). The major countries included are considered in the scope of the study such as U.S, Canada, Mexico, France, Germany, Italy, Spain, UK, Japan, China, India, Australia, South Arabia, UAE, South Africa and Brazil. Some of the key players which dominate Machine Vision System are Basler AG, Cognex Corporation, Keyence Corporation, IDS imaging development Systems, OmniVision, DataLogic, Microscan Systems, ISRA Vision AG, Teledyne DALSA Inc. and FLIR Systems.
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