Information and communication technology (ICT) have become crucial to the social infrastructure, therefore systems that allow society to function more efficiently are increasingly needed. Machine vision (MV) is a technology that meets these expectations and controls the movement of machinery by processing visual information. Machine vision plays vital role of factory automation (FA) in industrial manufacturing. Moreover, machine vision has also extended its scope to the fields of medicine, security, and agriculture. The growth is mainly driven by the introduction of innovative image sensing devices and the development of computing technologies, including communication. With technological advancements, machine vision not only serves as a replacement for human vision but also handle multidimensional invisible information.
 
Machine vision (MV) uses automated technology for capturing images and transferring it to a PC. The captured images are then processed for inspection. A camera along with an image sensor is used to capture images, where in vision software analyzes it and information is communicated to the other equipment. Advancements in machine vision (MV) technology including vision-guided robotics and smart cameras have augmented the scope of the MV market with a broader application in the manufacturing sectors. These systems are utilized in applications such as manufacturing of semiconductor, pharmaceuticals, electronics, medical devices, automotive, packaging, and consumer goods.
 
Factory automation systems are used in discrete industry and process industry applications. Mexico factory automation and machine vision market is classified by technology into Industrial Control Systems (ICS), Enterprise Resource Planning (ERP), Manufacturing Execution System (MES), and Information Technology System (ITS). Different types of machine vision (MV) systems are PC-based, smart camera based and embedded based systems. Machine vision (MV) systems include various components such as camera, optics frame grabber and lighting, software and hardware.
 
The machine vision (MV) and factory automation (FA) is a promising trend in the manufacturing industry offering smart manufacturing setup. Factory Automation (FA) offers standard production, cost efficiency, quality, reliability and flexibility in the production process. The several devices and mechanical instruments are coupled with the IT systems or smart computing for the improved results in automation. Moreover, the software systems such as Enterprise Resource planning (ERP) are helping the Mexico factory automation market to extend their service offerings.
 
Proximity to the U.S. and Government of Mexico’s movement to augment manufacturing activities has fueled the factory automation (FA) and machine vision (MV) market to the new heights. Shifting of manufacturing base of automotive companies from China to Mexico and increased in foreign direct investment is also contributing to the growth of the market. Additionally, emerging applications such as Human Machine Interface (HMI), Heating Ventilation Air Conditioning (HVAC) systems, and electronic power distribution systems is further expected to fuel the demand of automation systems in the near future. Reduction in size of hardware along with decreasing price of sensors and components, embedded systems has seen reasonable growth. Emerging trend such as nanotechnology, nanotech sensors, machine-to-machine communication systems and Internet of things is further expected to escalate growth for the factory automation (FA) and machine vision (MV) market.
 
Market players are focused on offering product that communicate with multiple I/Os and serial and parallel interfaces. For instance, machine vision (MV) system developers are providing PC-based functionality coupled with motion control, data acquisition, and image-processing hardware and software. Moreover, companies such as Keyence Corporation and Panasonic Corporation provide developers a number of ways for their products to communicate with serial and parallel interfaces and multiple I/Os. Industrial-automation companies such as Omron are trying to get an edge in the machine-vision marketplace, whereas other machine-vision companies such as Coreco Imaging, Inc., Matrox Imaging, and National Instruments Corp. are leveraging their hardware and software expertise in a number of low-cost programmable machine-vision systems.
 
Some of the leading players in the market include ABB LTD (Switzerland), Siemens Ag (Germany), Rockwell Automation Inc (U.S.), Emerson Electric Company (U.S), Honeywell International Inc (U.S.), Johnson Controls Inc (U.S), General Electric Company (U.S.), Schneider Electric SA (France), Teledyne Dalsa Inc (Canada), Texas Instruments Inc (U.S), Eastman Kodak (U.S.) and Yokogawa Electric Corporation (Japan).
 
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
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  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 
 
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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