Global Market for Machine Vision Systems to Reach US$4.76 Billion by 2010, According to a New Report by Global Industry Analysts, Inc.

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Worldwide market for machine vision systems is projected to reach US$4.76 billion by 2010. Advancements in technology such as increase in the speed of data transfer & processing and miniaturization of cameras are main growth drivers to increase the number of application possibilities for machine vision technologies. In addition, rising competition and labor costs coupled with declining expenditures for machine vision hardware & enhanced user-friendliness of the software are other factors that guide demand.

Machine Vision Systems: A Global Strategic Business Report

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.

For more details about this research report, please visit

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

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