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Machine vision is a technology that
helps the computer to visualize the work environment. This technology
is used to automatically inspect the images it captures and analyze
them. It helps in robot guidance, process control, and automatic
inspection in the industry. This technology is rapidly replacing
manual inspection and measurements with image processing and smart
cameras. These smart cameras independently run and function without
depending upon the computers. Furthermore, adoption of machine vision
system in industrial and non-industrial sectors is expected to
escalate the demand and growth of this market.
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The Machine Vision Technology
Market was valued at USD 15.70 billion in 2014, which is expected to
reach USD 28.50 billion by 2021, growing at a CAGR of 8.4% from 2015
to 2021.
Increasing manufacturing sectors is one of the important factors
driving the rise in demand of machine vision technology market
globally. Machine vision technology is largely used in manufacturing
sectors for inspection of microchips, resistors, and components such
as lead frames and capacitors. In the automotive industry, these
technologies are used in control systems for inspection of painted
surfaces, industrial robots, welding quality control, checking engine
block. Moreover, shift in demand towards automation is also driving
the demand of this market. The measuring and analyzing is done more
accurately, precisely, and efficiently by computers as compared to
manual systems, thus demand for machine vision technology is expected
to increase. Furthermore, the accuracy, of the machine vision helps
in boosting quality automation which includes defect detection,
quality inspection, component measurement, and tolerance monitoring.
Global Machine Vision Technology Market: By Product Type
> PC based machine vision technology
> Embedded machine vision technology
> Smart cameras based machine vision technology
PC based machine vision held the largest market share followed by
embedded and smart camera based machine vision technologies in 2014
globally. Growing demand for technologically advanced methods for
testing and inspection in various industries has stimulated the
demand for PC based machine vision globally.
Free Sample Research Report for this Market at:
Global Machine Vision Technology Market: By Application
Industrial applications
> Semiconductors (This segment held largest market share of 22.1%
in 2014)
> Electronics
> Packaging
> Textiles
> Automobiles
> Others
Non-industrial applications
> Security and surveillance
> Banking
> Traffic controlling
> Lab automation and medical imaging
>Others
Geographically, Asia-Pacific held the largest market share of machine
vision technology in 2014 due to the increasing manufacturing sectors
in this region. Moreover, APAC is followed by Europe, North America
and Rest of the World in 2014.
Some of the leading players in the market are Cognex Corporation
(Massachusetts), Basler AG (Germany), Allied Vision Technologies Inc.
(Germany), Adept Technology Inc. (California), Keyence Corporation
(Japan), ISRA Vision AG (Germany)., Microscan Systems
Inc.(Washington), Electro Scientific Industries Inc. (Oregon), OMRON
Corporation (Japan) and Seeing Machines Ltd. (Australia) among
others. The report provides estimates in terms of revenue (USD
Billion) from 2015 to 2021 by studying the global machine vision
technology market.
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