Global Industrial Machine Vision Market Expected to reach $16.89 billion by 2026 with a CAGR of 7.8% | Intel, Texas Instruments, Sony, National Instruments, Basler, Baumer Optronic

Global Industrial Machine Vision market is expected to grow from $8.54 billion in 2017 to reach $16.89 billion by 2026 with a CAGR of 7.8%. Rising demand for application specific machine vision systems, increasing demand for quality inspection and automation, rapid growth in vision guided robotic systems and growing acceptance of 3d machine vision systems are some reasons behind the favorable growth of the market. However, shortage of flexible industrial machine vision solutions and changing requirements from end user are some factors limiting the market growth. Moreover, technological advancements and growing initiatives taken by government to support industrial automation will provide an immense growth opportunity for the market.

On the basis of product, PC based vision system segment is expected to account for the largest market share during the forecast period owing to advancements in smart camera technology and increasing penetration of the smart camera-based machine vision systems. Also PC-based vision systems generally have greater processing power and are capable of handling complex operations at relatively high speed compared to smart camera based systems.

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In terms of geography, Asia Pacific region held the largest market share attributed to ongoing large-scale developments in emerging economies. Also emerging countries such as China, Japan, India and South Korea are mainly driving the market due to growing demand for pharmacies, consumer electronics products, automotive and electronics and semiconductors in this region.

Some of the key players in this market include Jai A/S, Intel Corporation, Texas Instruments, Inc, Sony Corporation, National Instruments Corporation, Basler AG, Baumer Optronic GmbH, Allied Vision Technologies GmbH, Teledyne Technologies, Inc., Keyence Corporation, Omron Corporation, Cognex Corporation, Danaher Corporation, IDS Imaging Development Systems GmbH, Datalogic SPA, Matrix Vision GmbH and Stemmer Imaging AG.

Products Covered:
- Smart Cameras-Based Vision System
- PC-Based Vision System

Components Covered:
- Software
- Hardware

Applications Covered:
- Identification
- Positioning & Guidance
- Measurement
- Quality Assurance & Inspection
- Character Recognition
- Symbol Reading
- Part Recognition
- Other Applications

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End Users Covered:
- Machinery
- Rubber and Plastics
- Pharmaceutical
- Metals
- Consumer Electronics
- Automotive
- Solar Panel Manufacturing
- Printing
- Food and Packaging
- Wood and Paper
- Glass
- Electronics and Semiconductor
- Other End Users

Regions Covered:
-North America
-Asia Pacific
-South America
-Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Posted by on Thursday April 18 2019, 2:33 AM EDT. All trademarks acknowledged. Filed under Featured Press Release, Machinery & Parts, Manufacturing, Manufacturing & Construction. Comments and Trackbacks closed. Follow responses: RSS 2.0

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