Rapidly expanding manufacturing industry worldwide will raise Machine Vision Systems Market by 2025 with a CAGR of 7.0%. Latest market study on “Machine Vision Systems to 2025 by Type (Smart Machine Vision Systems, PC-Based Machine Vision Systems and 3D Machine Vision Systems), Components (Cameras, Frame Grabbers, Processors, Illuminations & Optics, Vision Software and Others) and End-users (Automotive, Consumer Electronics, Food & Beverage, Pharmaceuticals, Logistics and Others) – Global Analysis and Forecast”, the machine vision systems market is estimated to reach US$ 14.48 billion by 2025 from US$ 7.50 billion in 2015. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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The global machine vision systems market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to account for the largest share of the global machine vision systems market in 2016, followed by Europe. Germany and UK being two key countries in Europe region which will lead machine vision systems market in this region and is also expected to continue its dominance throughout the forecast period from 2016 to 2025. The report profiles key players such Basler AG, Cognex Corporation, Keyence Corporation, Omron Corporation and National Instruments. OmniVision, DataLogic, and Microscan Systems among others.

Government initiatives worldwide to support the growth of manufacturing sector

For a sustainable economic development, countries are increasingly focusing on boosting industrialization, especially in the manufacturing and process industries. Governments of various countries, especially India and China, are taking initiatives through regulations, innovation promotion, and knowledge brokerage to achieve inclusive and sustainable industrialization. The rapidly changing technology landscape in the manufacturing and process industries worldwide has also been encouraging the manufacturing companies to invest in advanced systems and processes, which can help achieve high operational efficiencies and also enable companies to meet challenging demands of today’s customers. The present century is characterized by tough competition in all major industry verticals. The manufacturers of various systems are facing tough competition on parameters such as costs, quality, technology, service, and time-to-market. Thus, to maintain market position and to achieve sustainable development, manufacturers are increasingly investing in advanced systems.

Machine Vision Systems are the next generation intelligent systems mainly used in industrial applications for detection, identification, measurement, inspection and so on. These systems play major roles in robotics; these are used to guide the autonomous robots also known as ‘self-navigating robots’. Various industries such as automotive, food & beverage, pharmaceuticals are much concerned about reducing labor intensive processes, increasing accuracy and speed; machine vision systems are in demand to overcome these concerns. Machine vision systems can perform complex repetitive tasks with higher accuracy and consistency. Machine vision systems include components such as image sensors, processors, PLC, frame grabbers and more, which are driven by a software package to execute user defined applications.

Component -Based Market Insights

On the basis of component, the global machine vision systems market is segmented into cameras, frame grabbers, processors, illuminations & optics, vision software, and others. A machine vision system works tirelessly performing 100%, resulting in improved product quality, increasing yields and reducing production cost. A machine vision system involves many critical components such as sensor (camera), processor, lens, lightings, and frame grabbers. Every machine vision system is reliable on these critical components for better results. The form of components varies with different types of machine vision systems. For example, PC-Based vision systems would require these components discretely; whereas, a smart camera vision system will have these components integrated in one module. Machine vision components play a vital role in every industry wherein machine vision systems are deployed.

Type-Based Market Insights

On the basis of type, the global machine vision systems market is bifurcated into smart machine vision systems, PC-based vision systems and 3D machine vision systems. Machine vision systems are amalgamation of computer vision into industrial manufacturing processes. Machine vision make use of industrial image processing by using cameras which are placed over production lines and cells with the intention to visually examine, inspect products and control robots in real time without human intervention. Machine vision is also known as industrial vision and comprises of several cameras for capturing, interpreting and motioning individually with a control system connected to some pre-determined standards.

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