According to a new market report published by Credence Research Inc “Machine Vision and Inspection System Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022,” the machine vision and inspection market is expected to reach US$ 14.85 Bn by 2022
The purpose of the report is to illustrate the state of the market of Machine Vision And Inspection System, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
Browse here for full report: https://www.credenceresearch.com/report/machine-vision-and-inspection-system
Market Insights
Based on system type, machine vision and inspection solutions are classified into two categories i.e. PC based systems and camera based systems. Computer based solutions accounted for the largest revenue share in 2014 due to their higher processing power and effectiveness in complex operations. Camera based solutions are compact and comparatively cheaper than PC based solutions. In addition, cameras based solutions are easy to operate and required low maintenance cost. Small and medium size organizations are rapidly integrating camera based solutions with their production line for inspection application. This is expected to fuel the demand for camera based machine vision and inspection solutions.
Camera, optics, lighting, software, frame grabber are some major components of machine vision and inspection system. Cameras are used in almost all machine vision and inspection systems and accounted for the largest revenue share compare to other components. Software solutions are expected see the fastest growth through the forecast period with rising demand for simple and user friendly solutions.
Machine vision and inspection systems are be used in broad range of industries including automotive, pharmaceutical, semiconductors, printing, food, healthcare, and several others.
Rising market competition is forcing global manufacturers to reduce production errors and their operating expenses. Thus, global manufacturers are rapidly integrating advanced solutions with their production line in order to produce quality produce while minimizing production errors. Semiconductor segment represents the largest end use segment for machine vision and inspection solutions. This segment is expected to see the significant demand for machine vision and inspection solutions with rising demand for compact electronic devices which would further reduce the size of semiconductor components. Machine vision and inspection solutions are expected to see the substantial growth from Pharmaceutical and food industries due introduction of stringent packaging and product quality regulations.
Growing industrialization in Asia Pacific region represents a huge opportunity for machine vision and inspection solutions providers. Manufacturers in this region are increasingly investing in advanced solutions in order to produce international quality products. North America and Europe are expected to grow at a steady pace with majority of demand from replacement market as manufacturers are replacing their outdated machineries with advanced solutions.
The global machine vision and inspection system market is highly competitive and comprise of large number of multinational players. Some recognize players in this industry are focusing on geographical expansion and development of advanced solutions that match their clients’ requirements. Some major players in this industry include ISRA VISION AG, Cognex Corporation, Edmund Optics Incorporation, and Microscan Systems Incorporation.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Machine Vision And Inspection System buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Machine Vision And Inspection System contains:
Analysis and forecast of Machine Vision And Inspection System market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Machine Vision And Inspection System market;
Assessment and forecast of Machine Vision And Inspection System market development;
Financial and business profiles of the leading companies in the Machine Vision And Inspection System industry.
Scope
– Up to date working Machine Vision And Inspection System data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Machine Vision And Inspection System for the period 2018 to 2026
– Planned Machine Vision And Inspection System additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Machine Vision And Inspection System projects by region, key countries, and companies
– Details of major planned Machine Vision And Inspection System projects in the world up to 2026
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