Machine Vision Market 2020 Global Opportunities, Industry Size, Growth, Development Status, Segmentation and Regional Forecast to 2022

iCrowd Newswire
31 Jul 2020, 10:24 GMT+10

Market Research Future published a research report on "Global Machine Vision Market Research Report- Forecast 2022" - Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Machine Vision Market- Overview

The need for technology that effectively encompasses all non-industrial and industrial applications is anticipated to promote the growth of the machine vision market. Reports that deliver insights into the information and communication technology industry has been offered by Market Research Future, which generates reports on industry verticals that judge the market progress and options for growth. An income valued at USD 15.46 billion is expected to be created by the end of 2022, with an 8.18 % CAGR.

There is also an increasing consensus to implement machine vision in signature identification, optical character recognition, handwriting recognition, object recognition, materials inspection, and currency inspection so as to considerably reduce errors. Moreover, the leaning towards the use of image processing for miniaturization by the use of optical and electronic products or devices is expected to promote the Machine Vision Market in the forthcoming period.

Key Players

The prominent players in the market of Machine Vision Market are - Cognex Corporation (U.S.), Vitronic GmbH (Germany), Perceptron, Inc. (U.S.), Microscan Systems (U.S.), Basler AG (Germany.), National Instruments (U.S.), Optotune AG (Switzerland), USS Vision (U.S.), ViDi Systems SA (Switzerland), Keyence (Japan), Omron Corporation (Japan) among others.

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Segmental Analysis:

The segmental examination of the machine vision market is conducted on the basis of type, application, component, end-user, and region. On the basis of the types, the machine vision market is segmented into 2D machine vision, 1D machine vision, and 3D machine vision. Based on the applications, the machine vision market is segmented into inspection, guidance, gauging, identification, and others. On the basis of components, the machine vision market is segmented into sensors, ASMV, illuminations, cameras, processors and others. Based on the end-users, the machine vision market is segmented into electronics & semiconductors, automotive, healthcare, food & packaging, and others. On the basis of regions, the machine vision market is segmented into Europe, North America, Asia Pacific and other regions in the world.

Regional Analysis:

The regional insights into the machine vision market include regions such as Europe, North America, Asia Pacific and other regions in the world. The machine vision market is mounting with constructive growth in all the regions. The collective application areas as per year on year basis and the advancements in the technology and integration are motivating the machine vision market on a global scale. The Asia Pacific region is steering the market with more than a 30% market share, followed by the European region, which stands as the second major market owing to the substantial demand from the healthcare and automotive industry. The North American regional market stands as follows the APAC and European regions in terms of the overall growth.

Industry Updates:

Oct 2019 Cognex has declared the purchase of SUALAB, a Korean supplier of deep learning machine vision solutions. With a purchase price tag of a projected USD 168.6 million, Cognex will take up the whole company and its intellectual assets. The purchase supposedly will improve Cognex´s leadership in the field of deep learning-based machine vision, and the computerization of visual inspection jobs in the industrial sector.

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Intended Audience

Data Centers

Manufacturing Companies

Software Developers

Energy Generation Companies

Technology Providers

Distributors

Research firms

Consultancy firms

Semiconductor Manufacturers

Stakeholders

End-user sectors

Technology Investors

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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