Machine Vision Systems and Components Market Size, Share, Development, Growth and Demand Forecast to 2020 By P&S Market Research

Machine vision systems are the technologies and processes that are used to provide imaging-based automatic inspection, robot guidance, and process control, for the industrial automation, and consumer electronics industries. Technological advancements in electronics industry, such as miniaturization of electronics component, improvement in the power efficiency of imaging sensors, and higher efficiency of digital signal processors (DSP), have benefited the machine vision system market. With these advancements, the acceptance of machine vision systems and components have increased across various applications, such as safety equipment devices, cameras, encoding and decoding algorithms, traceability applications, such as text verification, ID code reading, label inspection, and mark quality valuation.

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The increasing demand for embedded vision, growing use of robotics in automation, and cumulative demand for non-industrial applications (such as medical imaging, intelligence transportation systems, security and surveillance, and logistics) are driving the growth of the machine vision system and component market. In addition, growth of 3D technologies, simplification, improved computer performance, and standardization of components have also benefitted the wide acceptance of the machine vision systems in many consumer applications.

Based on the components, the global machine vision system & component market can be broadly classified, as camera (including analog camera, and digital camera), frame grabber, LED and optics, hardware and software, and others. On the basis of application, the machine vision system market can be classified, as tracking, quality assurance and inspection, location, identification, and measurement. Based on product type, the global machine vision system and components market can be segmented, as PC-based machine vision systems, embedded machine vision systems, and smart camera-based machine vision systems.

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North America and Europe accounted for the majority of the machine vision system and components markets, in 2014. The European machine vision system and component market is largely driven by the demand from automotive industries, in Germany, Italy and France. The North American machine vision system and component market is expected to show a moderate growth, during the forecast period. The improvements in the manufacturing industry, post economic slowdown along with high demand of robotics from U.S. is expected to drive the market of the machine vision systems, in this region. Asia Pacific has been recognized as the fastest growing machine vision systems and component market, in 2014. The surging industrialization, along with growing automotive manufacturing industries, is the major growth drivers of the Asia pacific machine vision systems and component market.  U.S., Canada, Germany, U.K., Italy, France, Japan, China, India, Brazil, and South Korea are the leaders of the machine vision systems and component market globally.

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