The report "Machine Vision Market by Component (Optics, Software), Product (PC Based, Embedded), Technology (Imaging, Laser, Augmented), Application, Vertical (Pharmaceutical, Security, Automotive, Defense) & by Geography- Analysis & Forecast (2014 - 2020)", published by MarketsandMarkets, the machine vision market is expected to reach $9.50 billion by 2020 at an estimated CAGR of 12.51% from 2014 to 2020. Report includes an in-depth analysis of the market by component, product, technology, application, verticals, and geography.
The global Machine Vision Market is expected to grow at a CAGR of 12.51% from 2014 to 2020; it holds a great potential across the automation industry. Machine Vision systems are used in many applications to provide more accuracy in the manufacturing procedures and for proper inspection in detecting flaws.
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 acrossregions, 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.
The major players in the machine vision industry 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.
