Los Angeles, CA (PRWEB) August 16, 2014
Machine vision cameras have a buyer power score of 3.9 out of 5, indicating significant power for buyers. Machine vision cameras are connected to computing modules via USB, FireWire, or other connections and have a wide range of resolutions, frame rates and other capabilities. According to IBISWorld procurement analyst Kevin Young, “buyers benefit from very low market concentration, which gives them many suppliers to choose from in the fragmented market.” A significantly increasing influx of imports helps keep prices low by encouraging competition among domestic manufacturers. In spite of volatile demand trends and prices for upstream commodity inputs like copper and steel, machine vision camera price changes have been relatively stable. Temperate price changes allow buyers to predict and budget purchases with confidence.
The prices of semiconductors, computers, peripherals and other components required to produce machine vision cameras have fallen significantly throughout the past three years, putting downward pressure on market prices and benefiting buyer power. “Low switching costs also indicate that buyers can easily switch suppliers in the event that the product or service becomes unsatisfactory,” says Young. The total cost of ownership for machine vision cameras is medium, allowing buyers to use cameras for extensive service lives with minimal risk of stark operational cost changes.
Still, other aspects of the machine vision camera market are detrimental to buyer power. Despite falling input prices, demand from the commercial sector caused the average price of machine vision cameras to increase in the past three years. In the three years to 2017, emerging demand for machine vision cameras in the production lines of Asia and India will further pressure prices upward. Additionally, buyer power suffers from a lack of substitute goods. Buyers are advised to procure cameras directly from manufacturers, if possible, because these suppliers typically charge less of a markup than distributors.
For more information, visit IBISWorld’s Machine Vision Cameras procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of machine vision cameras. These high-tech cameras capture and scan images as a way to automatically inspect industrial processes. The image's correspondence to user-inputted parameters determines whether a product passes or fails an automatic inspection, or prompts another action from the industrial system.
Recent Price Trend
Product Life Cycle
Total Cost of Ownership
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Market Share Concentration
Buying Lead Time
Key RFP Elements
Buyer Power Factors
About IBISWorld Inc.
IBISWorld is one of the world's leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld’s procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.