Machine Vision Systems: A Global Strategic Business Report
San Jose, CA (PRWEB) March 11, 2008
Machine vision market mainly consists of suppliers of vision systems, system integrators, OEMs and suppliers of vision components. Advances in manufacturing and quality control related inspection activities are propelling demand for high-valued added machine vision systems.
United States dominates the worldwide machine vision systems market, with sales estimated at US$826.6 million in 2007. Asia-Pacific is expected to emerge as the fastest growing market, registering a CAGR of close to 10%. The global market for machine vision systems in automotive industry is estimated at US$935 million in 2007. In the United States, market for machine vision systems in electronics industry is projected to be US$308 million by 2010.
The market structure is highly fragmented. The industry comprises a few large players whose end-use markets include the electronics and semiconductor sectors, while a vast number of smaller players, mainly system integrators and providers, focus on different end-use sectors. Key players listed in the report include Cognex Corp., Omron Electronics LLC, RVSI Inspection, Electro Scientific Industries, Agilent Technologies, Inc., ICOS Vision Systems Corp. N.V., and Data Translation.
"Machine Vision Systems: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with hard-to-find data and analytics for key regional markets such as the United States, Japan and Europe, alongside up and coming markets such as Asia-Pacific. The report provides a comprehensive review of market trends and issues, drivers, business profile, players, competitive landscape, recent developments, mergers, acquisitions, alliances, product launches and other strategic industry activities.
Market analytics are presented in US dollars over the years 2000 through 2015. End use segments independently analyzed include Automotive, Electronics, Semiconductors, Food Processing and Pharmaceuticals.
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