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Published Date: 2015-08-04Number of Pages: 93

Machine Vision Technology Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021

Global Machine Vision Technology Market: Snapshot

The global market for machine vision technology is gaining significantly from the expansion in the manufacturing industry. The increasing need for lead frames, microchips, examine resistors, capacitors, and various other automobile components has escalated the demand for machine vision technology, reflecting positively on this market. In 2014, the market stood at US$15.7 bn. Progressing at a CAGR of 8.40% during the period from 2015 to 2021, the opportunity in this market is expected to rise to US$28.5 bn by the end of the forecast period. The increasing shift towards automation is projected to fuel the demand of this technology in the years to come.

Demand for PC-based Machine Vision Systems to Remain Strong

Embedded machine vision systems, PC-based machine vision systems, and smart camera-based machine vision systems are the main products available in the global market for machine vision technology. Of these, the demand for PC-based machine vision systems is much higher than others. In 2015, this segment occupied a total share of 60% in the overall market. With the significant increase in the need for highly advanced inspection methods in a number of industries, the demand for PC-based machine vision systems is anticipated to remain strong in the years to come. Other products are also expected to witness increasing demand over the next few years.

Machine vision technology finds significant application in industrial and non-industrial application. The overall market is led by industrial applications, which is further classified into packaging, automobiles, textiles, semiconductors, and electronics. In 2014, the semiconductors sub-segment emerged as the key industrial application of machine vision technology with a share of 22.1%. Lab automation, medical imaging, banking, traffic controlling, and security and surveillance are the main non-industrial applications, which utilize machine vision technology.

Asia Pacific to Retain Leadership in Global Machine Vision Technology Market

Based on the geography, the global market for machine vision technology has been classified into Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW). Among these, APAC acquired the leading position in the global market, thanks to the remarkable rise in the manufacturing sector. Proliferating at a CAGR of 7.30% between 2015 and 2021, this regional market is anticipated to continue on the dominant position over the next few years. However, the lack of system operators may limit the growth of this regional market to some extent.

The machine vision technology finds a widespread application in the industrial sector in Asia Pacific. PC-based machine vision technology enjoys the most prominent demand in this regional market. Among other regional markets, Europe has occupied the second position in the worldwide market for machine vision technology and is projected to maintain its place over the forthcoming years.

Cognex Corp., Basler AG, Allied Vision Technologies Inc., Adept Technology Inc., Keyence Corp., ISRA Vision AG, Microscan Systems Inc., Electro Scientific Industries Inc., OMRON Corp., and Seeing Machines Ltd. are some of the prominent participants in the global machine vision technology market.

 

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Research Methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Market Overview

3.1 Introduction

3.2 Key Trends Analysis

3.3 Market Dynamics

     3.3.1 Market drivers

           3.3.1.1 Shift of demand towards automation

           3.3.1.2 Global increase in manufacturing sectors

     3.3.2 Market restraints

           3.3.2.1 Inefficiency among system operators due to lack of training

           3.3.2.2 Lack of standardization

     3.3.3 Market opportunities

           3.3.3.1 Introduction of improved 3D machine vision technology

           3.3.3.2 Introduction of machine vision in harvesting

3.4 Market attractiveness analysis for machine vision technology market

3.5 Competitive Landscape

     3.5.1 Machine vision technology market: Market positioning of key players

     3.5.2 Competitive Strategies Adopted by Leading Players

 

Chapter 4 Global Machine Vision Technology Market: By Product Types

4.1 Machine Vision Technology Market: Overview

     4.1.1 Global Machine Vision Technology Market Revenue Share, by Product Types, 2014 – 2021

4.2 PC-Based Machine Vision Technology Market

     4.2.1 PC based Machine Vision Technology Market, 2014 – 2021 (USD Billion)

4.3 Embedded Machine Vision Technology Market

     4.3.1 Embedded Machine Vision Technology Market, 2014 – 2021 (USD Billion)

4.4 Smart Camera-Based Machine Vision Technology Market

     4.4.1 Smart Camera-Based Machine Vision Technology Market, 2014 – 2021 (USD Billion)

 

Chapter 5 Global Machine Vision Technology Market: By Applications

5.1 Machine Vision Technology Market Overview: By Applications

     5.1.1 Global Machine Vision Technology Market Revenue Share, by Applications, 2014 – 2021

5.2 Industrial applications

     5.2.1 Global Machine Vision Technology Market Revenue, Industrial Application, 2014 – 2021 (USD Billion)

     5.2.2 Semiconductors

           5.2.2.1 Global Semiconductors Market Revenue, Industrial Application, 2014 – 2021 (USD Billion)

     5.2.3 Electricals

           5.2.3.1 Global Electricals Market Revenue, Industrial Application, 2014 – 2021 (USD Billion)

     5.2.4 Packaging

           5.2.4.1 Global Packaging Market Revenue, Industrial Application, 2014 – 2021 (USD Billion)

     5.2.5 Textiles

           5.2.5.1 Global Textiles Market Revenue, Industrial Application, 2014 – 2021 (USD Billion)

     5.2.6 Automobiles

           5.2.6.1 Global Automobiles Market Revenue, Industrial Application, 2014 – 2021 (USD Billion)

     5.2.7 Others

           5.2.7.1 Global Others Market Revenue, Industrial Application, 2014 – 2021 (USD Billion)

5.3 Non-industrial applications

     5.3.1 Global Machine Vision Technology Market Revenue, Non-industrial Application, 2014 – 2021 (USD Billion)

     5.3.2 Security and surveillance

           5.3.2.1 Global Security and Surveillance Market Revenue, Non-industrial Application, 2014 – 2021 (USD Billion)

     5.3.3 Banking

           5.3.3.1 Global Banking Market Revenue, Non-industrial Application, 2014 – 2021 (USD Billion)

     5.3.4 Traffic Controlling

           5.3.4.1 Global Traffic Controlling Market Revenue, Non-industrial Application, 2014 – 2021 (USD Billion)

     5.3.5 Lab automation and medical imaging

           5.3.5.1 Global Lab Automation And Medical Imaging Market Revenue, Non-industrial Application, 2014 – 2021 (USD Billion)

     5.3.6 Others

           5.3.6.1 Global Others Market Revenue, Non-industrial Application, 2014 – 2021 (USD Billion)

 

Chapter 6 Global Machine Vision Technology Market –By Geography

6.1 Global Machine Vision Technology Market: Regional overview

     6.1.1 Global Machine Vision Technology Market Revenue Share, by Geography, 2014 and 2021

6.2 North America

     6.2.1 North America Machine Vision Technology Market, 2014 – 2021, (USD Billion)

           6.2.1.1 North America Machine Vision Technology Market, by Product Type, 2014 – 2021, (USD Billion)

           6.2.1.2 North America Machine Vision Technology Market, by Application, 2014 – 2021, (USD Billion)

     6.2.2 U.S.

           6.2.2.1 U.S. Machine Vision Technology Market, 2014 – 2021, (USD Billion)

     6.2.3 Canada

           6.2.3.1 Canada Machine Vision Technology Market, 2014 – 2021, (USD Billion)

     6.2.4 Rest of North America

           6.2.4.1 Rest of North America Machine Vision Technology Market, 2014 – 2021, (USD Billion)

6.3 Europe

     6.3.1 Europe Machine Vision Technology Market, 2014 – 2021, (USD Billion)

           6.3.1.1 Europe Machine Vision Technology Market, by Product Type, 2014 – 2021, (USD Billion)

           6.3.1.2 Europe Machine Vision Technology Market, by Application, 2014 – 2021, (USD Billion)

     6.3.2 U.K.

           6.3.2.1 U.K. Machine Vision Technology Market, 2014 – 2021, (USD Billion)

     6.3.3 France

           6.3.3.1 France Machine Vision Technology Market, 2014 – 2021, (USD Billion)

     6.3.4 Germany

           6.3.4.1 Germany Machine Vision Technology Market, 2014 – 2021, (USD Billion)

     6.3.5 Italy

           6.3.5.1 Italy Machine Vision Technology Market, 2014 – 2021, (USD Billion)

     6.3.6 Spain

           6.3.6.1 Spain Machine Vision Technology Market, 2014 – 2021, (USD Billion)

     6.3.7 Rest of Europe

           6.3.7.1 Rest of Europe Machine Vision Technology Market, 2014 – 2021, (USD Billion)

6.4 Asia Pacific (APAC)

     6.4.1 Asia Pacific Machine Vision Technology Market, 2014 – 2021, (USD Billion)

           6.4.1.1 Asia Pacific Machine Vision Technology Market, by Product Type, 2014 – 2021, (USD Billion)

           6.4.1.2 Asia Pacific Machine Vision Technology Market, by Application, 2014 – 2021, (USD Billion)

     6.4.2 India

           6.4.2.1 India Machine Vision Technology Market, 2014 – 2021, (USD Billion)

     6.4.3 China

           6.4.3.1 China Machine Vision Technology Market, 2014 – 2021, (USD Billion)

     6.4.4 Japan

           6.4.4.1 Japan Machine Vision Technology Market, 2014 – 2021, (USD Billion)

     6.4.5 Rest of Asia Pacific

           6.4.5.1 Rest of Asia Pacific Machine Vision Technology Market, 2014 – 2021, (USD Billion)

6.5 Rest of the World (RoW)

     6.5.1 RoW Machine Vision Technology Market, 2014 – 2021, (USD Billion)

           6.5.1.1 RoW Machine Vision Technology Market, by Product Type, 2014 – 2021, (USD Billion)

           6.5.1.2 RoW Machine Vision Technology Market, by Application, 2014 – 2021, (USD Billion)

     6.5.2 Latin America

           6.5.2.1 Latin America Machine Vision Technology Market, 2014 – 2021, (USD Billion)

     6.5.3 Middle East

           6.5.3.1 Middle East Machine Vision Technology Market, 2014 – 2021, (USD Billion)

     6.5.4 Rest of RoW

           6.5.4.1 Rest of RoW Machine Vision Technology Market, 2014 – 2021, (USD Billion)

 

Chapter 7 Company Profiles

7.1 Allied Vision Technologies Inc.

7.2 Basler AG

7.3 Adept Technology Inc.

7.4 Cognex Corporation

7.5 Keyence corporation

7.6 ISRA Vision AG.

7.7 Microscan Systems Inc.

7.8 Electro Scientific Industries Inc.

7.9 OMRON Corporation

7.10 Seeing Machines Ltd.

List of Figures

 

FIG. 1 Machine vision technology market by product type, 2014

FIG. 2 Machine Vision Technology Market: Market Positioning of Key Players, 2014 (%)

FIG. 3 Global Machine Vision Technology market revenue share, by product types, 2014 and 2021

FIG. 4 PC-Based Machine Vision Technology Market Revenue, 2014 – 2021 (USD Billion)

FIG. 5 Embedded Machine Vision Technology Market Revenue, 2014 – 2021 (USD Billion)

FIG. 6 Smart Camera-Based Machine Vision Technology Market Revenue, 2014 – 2021 (USD Billion)

FIG. 7 Global Machine Vision Technology Market Revenue Share, by Applications, 2014 – 2021

FIG. 8 Global Machine Vision Technology Market Revenue, Industrial Application, 2014 – 2021 (USD Billion)

FIG. 9 Global Semiconductors Market Revenue, Industrial Application 2014 – 2021 (USD Billion)

FIG. 10 Global Electricals Market Revenue, Industrial Application, 2014 – 2021 (USD Billion)

FIG. 11 Global Packaging Market Revenue, Industrial Application, 2014 – 2021 (USD Billion)

FIG. 12 Global Textiles Market Revenue, Industrial Application, 2014 – 2021 (USD Billion)

FIG. 13 Global Automobiles Market Revenue, Industrial Application, 2014 – 2021 (USD Billion)

FIG. 14 Global Others Market Revenue, Industrial Application, 2014 – 2021 (USD Billion)

FIG. 15 Global Machine Vision Technology Market Revenue, Non-industrial Application, 2014 – 2021 (USD Billion)

FIG. 16 Global Security and Surveillance Market Revenue, Non-industrial Application, 2014 – 2021 (USD Billion)

FIG. 17 Global Banking Market Revenue, Non-industrial Application, 2014 – 2021 (USD Billion)

FIG. 18 Global Traffic Controlling Market Revenue, Non-industrial Application, 2014 – 2021 (USD Billion)

FIG. 19 Global Lab Automation and Medical Imaging Market Revenue, Non-industrial Application, 2014 – 2021 (USD Billion)

FIG. 20 Global Others Market Revenue, Non-industrial Application, 2014 – 2021 (USD Billion)

FIG. 21 Global Machine Vision Technology Market Revenue Share, by Geography, 2014 and 2021

FIG. 22 North America Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 23 U.S. Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 24 Canada Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 25 Rest of North America Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 26 Europe Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 27 U.K. Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 28 France Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 29 Germany Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 30 Italy Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 31 Spain Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 32 Rest of Europe Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 33 Asia Pacific Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 34 India Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 35 China Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 36 Japan Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 37 Rest of Asia Pacific Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 38 RoW Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 39 Latin America Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 40 Middle East Machine Vision Technology Market, 2014 – 2021, (USD Billion)

FIG. 41 Rest of RoW Machine Vision Technology Market, 2014 – 2021, (USD Billion)

List of Tables

 

TABLE 1 Global Machine Vision Technology Market Snapshot

TABLE 2 Drivers for machine vision technology market: Impact analysis

TABLE 3 Restraints for machine vision technology market

TABLE 4 North America Machine Vision Technology Market, by Product Type, 2014 –     2021,      (USD Billion)

TABLE 5 North America Machine Vision Technology Market, by Application, 2014 –           2021, (USD Billion)

TABLE 6 North America Machine Vision Technology Market, by Industrial Application,  2014 – 2021, (USD Billion)

TABLE 7 North America Machine Vision Technology Market, by Non-industrial Application,  2014 – 2021, (USD Billion)

TABLE 8 Europe Machine Vision Technology Market, by Product Type, 2014 – 2021, (USD Billion)

TABLE 9 Europe Machine Vision Technology Market, by Application, 2014 – 2021, (USD Billion)

TABLE 10 Europe Machine Vision Technology Market, by Industrial Application, 2014 – 2021, (USD Billion)

TABLE 11 Europe Machine Vision Technology Market, by Non-industrial Application, 2014 – 2021, (USD Billion)

TABLE 12 Asia Pacific Machine Vision Technology Market, by Product Type, 2014 – 2021, (USD Billion)

TABLE 13 Asia Pacific Machine Vision Technology Market, by Application, 2014 – 2021, (USD Billion)

TABLE 14 Asia Pacific Machine Vision Technology Market, by Industrial Application, 2014 – 2021, (USD Billion)

TABLE 15 Asia Pacific Machine Vision Technology Market, by Non-industrial Application, 2014 – 2021, (USD Billion)

TABLE 16 RoW Machine Vision Technology Market, by Product Type, 2014 – 2021, (USD Billion)

TABLE 17 RoW Machine Vision Technology Market, by Application, 2014 – 2021, (USD Billion)

TABLE 18 RoW Machine Vision Technology Market, by Industrial Application, 2014 – 2021, (USD Billion)

TABLE 19 RoW Machine Vision Technology Market, by Non-industrial Application, 2014 – 2021, (USD Billion)

 

Machine vision is a technology that helps the computer to visualize the work environment. This technology is used to automatically inspect the images it captures and analyze them. It helps in robot guidance, process control, and automatic inspection in the industry. This technology is rapidly replacing manual inspection and measurements with image processing and smart cameras. These smart cameras independently run and function without depending upon the computers. Furthermore, adoption of machine vision system in industrial and non-industrial sectors is expected to escalate the demand and growth of this market.

 

New technology and its upgrades are important factors that drive the global machine vision technology market. All machines are now automated, thus reducing the amount of manual work. Presently, technological advancement is used in both industrial and non-industrial sectors. Smart cameras, PC-based and embedded machine vision systems are primarily used in electronics, semiconductors, pharmaceuticals, automotive, and packaging.

 

The global machine vision technology market is likely to grow at a rapid pace due to increasing need for machine vision technology in manufacturing, and non-manufacturing sectors. This technology assists in detecting damaged products, guiding robotic actuators, and inspecting engine parts among others. These tasks are carried out by the machine vision system accurately and efficiently, thus avoiding the risk of error while processing.

 

Inefficiency of system operators due to lack of training is acting as a restraining factor in machine vision technology market. Another major restraint of this market is lack of standardization. All technology systems have to maintain the same standard, thus making all the devices compatible with each other. It means that a particular product must follow certain standards and specified properties which helps it to function with another complementary product easily.

Introduction of new 3D vision technology is acting as one of the major opportunity in machine vision technology market. Currently, the machine vision is used display 2D images instead of 3D data. This technology is required to work in a 3D space, with data present in a solid model. This improved 3D vision technology provides the ability to rotate and zoom in. These are not present in today’s 3D vision systems. The new 3D vision technology has 3D edge tools along with blob, pattern matching and other vision tools for 3D environments.

 

This research study analyzes the machine vision technology market at a global level. Moreover, in terms of revenue it provides estimates from 2015 to 2021. It identifies the restraints and drivers affecting the industry and analyzes their impact during the forecast period. It also identifies the major opportunities for market growth in the upcoming years.

 

The report geographically segments the machine vision technology market into North America, Europe, Asia-Pacific, and Rest of the World. These segments have been estimated in terms of revenue (USD billion). Based on product types of machine vision technology, the report segments the market into embedded, PC based and smart cameras. Further, it segments the market based on industrial and non-industrial segments. Industrial segment includes semiconductors, electronics, packaging, textiles, automobiles and others. Further, non-industrial application includes security and surveillance, banking, traffic controlling, lab automation and imaging and others. These segments have also been estimated based on geography in terms of revenue (USD billion).

 

The study includes market attractiveness analysis, in which the benchmark of the applications is done based on market scope, growth rate and general attractiveness.

 

The report provides market share analysis of different industry participants. The key players are also profiled based on company overview, business strategies, financial overview, and recent developments. Major market players in this report include Allied Vision technologies Inc. (Germany), Basler AG (Germany), Cognex Corporation (Massachusetts), Keyence Corporation (Japan), Omron Corporation (Japan) among others.

 

The report segments the machine vision technology market as:

 

Machine Vision Technology Market: By Product Type

  • PC based machine vision technology
  • Embedded machine vision technology
  • Smart cameras based machine vision technology

Machine Vision Technology Market: By Application

  • Industrial applications

    • Semiconductors
    • Electronics
    • Packaging
    • Textiles
    • Automobiles
    • Others
  • Non-industrial applications

    • Security and surveillance
    • Banking
    • Traffic controlling
    • Lab automation and medical imaging
    • Others

Machine Vision Technology Market: By Geography

  • North America

    • U.S.
    • Canada
    • Rest of North America
  • Europe

    • U.K.
    • Italy
    • Spain
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific

    • India
    • China
    • Japan
    • Rest of Asia Pacific
  • Rest of the World

    • Latin America
    • Middle East
    • Rest of Rest of the World

The report provides a cross-sectional analysis of all the above segments with respect to the following regions:

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World (RoW)


 
 
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