Machine Vision Systems Market Technology (Imaging, Laser, Augmented) Worth $9.50 Billion by 2020 - New Report by MarketsandMarkets
(PRWEB) October 23, 2014 -- The report “Machine Vision Market by Component (Optics, Software), Product (PC Based, Embedded), Application, Vertical (Pharmaceutical, Security, Automotive, Defense) & by Geography- Analysis & Forecast (2014 - 2020)”, defines and segments the global Machine Vision Market into various sub segments with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with the adoption trends.
Some of the major players in the market are Cognex Corporation (U.S), Teledyne Dalsa (U.S), Basler AG (Germany), Soliton Technologies (India),Vitronic GmbH (Germany), Sick IVP (Germany), JAI (U.S), LMI Technologies (U.S), Adept Technologies Inc (U.S), MVTech Software GmBH (Germany), Omron Corporation (Japan), Absolute Vision (U.K), Stemmer Imaging (U.K), ISRA Vision (Germany), and Edmund Optics (U.S), Pixelink (U.S) among others.
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The Americas is the major market for machine vision systems; however, Asia-Pacific is expected to grow at the highest CAGR of 13.57% from 2014 to 2020. The verticals market for the machine vision systems can be divided into industrial and non-industrial. The vertical market accounts for a better share in future.
The report provides the profile of all major companies in the electronics and robotics industry in the machine vision systems market. It also provides the competitive landscape of the key players, which indicate the growth strategy of the market. It covers the entire value chain for the market from the raw material supplier to the end user. Along with the value chain, this report also provides an in-depth view on the market segmentation such as application, technology, component, verticals, product and geography, and the drivers and restraints for machine vision systems. This market is estimated to reach $9.50 Billion by 2020, at a CAGR of 12.51% from 2014 to 2020.
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Early buyers will receive 10% customization on this report.
This report describes the market trends, drivers, and challenges with respect to the global machine vision market and projects the market size from 2013 to 2020, based on the component, product, technology, application, verticals, and geography. This report gives a detailed view of the market across regions, namely – the Americas, Europe, APAC and RoW (the Middle East and Africa).The Americas dominates the market with regards to the market size in terms of value; however, APAC is expected to grow at the highest CAGR in the machine vision market.
The competitive landscape of the market presents a very interesting picture. The market is witnessing new product launches and large scale collaborations, and agreements and partnerships across the value chain, with a number of tier-one players around the globe.
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Gutenberg’s invention of printing press left so many scribes jobless. But, it did kick start the movement called renaissance which led to industrial revolution which utilized human capital for more productive purposes than being a mere human copying machine. Analogously, machine vision is slated to replace the dispensable human resources from jobs which require consistent monitoring and quick reactions to situations. These machines are veritably called (I) MACHINES as they can both see and act intelligently.
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