Global Markets for Machine Vision Technologies

Report Highlights

BCC Research estimates the global market for machine vision (MV) system components totalled $14.4 billion in 2013 and $15.7 billion in 2014. The market should reach $17.1 billion in 2015 and about $26.9 billion in 2020, registering a compound annual growth (CAGR) of 9.4% over the next five years.

Report Includes

• An overview of the global market for machine vision (MV), an automated technology through which images are captured and transferred to a PC and processed thereafter, for inspection and reporting of the processed results.
• Analyses of global market trends, with data from 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) from 2015 through 2020.
• Examinations of the global market for the various components that make up an MV system, as well as the advances in MV technology, such as smart cameras and vision-guided robotics, that have facilitated and accelerated varied applications for industrial as well as nonindustrial use in the near future.
• Discussion of the structure of the industries involved in the research, development, design, and manufacture of MV components and systems.
• Comprehensive company profiles of major manufacturers.

Report Scope

The scope of this report is the market for MV hardware and software, including smart cameras and smart sensors, compact vision systems, personal computer-based MV systems, MV lighting and cameras, and frame grabbers.

A variety of factors were considered in making the market forecast, including plant construction and upgrades, the rate at which new MV technology is being applied in new areas, the underlying economic growth of the overall market, and the growth rates reported by manufacturers and users of MV products.

The report will look at the global market for the various components that comprise an MV system. These components have been undergoing constant upgrades in terms of sophistication, but providing easier operation.

In addition, the prices of these components continue to fall, so the MV industry has been characterized by improving price and performance ratios. This has made the market for MV components very competitive. This study will examine the nature of the competition and offer a regional breakdown of this market. In addition, there will be a look at future global markets for MV systems and the technologies that will be involved.

Starting with some basic manufacturing applications two decades ago in a few selected countries, the growth of this technology has allowed it to penetrate varied nonmanufacturing fields, and the market has become global in nature.

Recent advances in MV technology have facilitated and accelerated varied applications for manufacturing as well as nonmanufacturing use in the near future. This report investigates the present global and regional markets for these various applications and provides a realistic forecast of their growth.

The major objective of this report is to determine the worldwide market for MV systems and its growth potential over the next five years. It also highlights the various technologies involved and improvements in them.

There is a look at the structure of the industries involved in the research, development, design and manufacture of MV components and systems. Profiles of global manufacturers are provided along with a discussion of the global competition in this ever-expanding market. An analysis of patents issued to various companies for related technologies and processes is contained in this study. Forecasts take into account product and technology life cycles.

Information has been provided in a simple-to-understand and easy-to-grasp format. Necessary figures regarding global and regional sales and forecasts of MV systems and components for both the manufacturing and nonmanufacturing sectors are provided as easy-to-read figures and tables.

Analyst Credentials

Srinivasa Rajaram is a mechanical engineer with more than 40 years of experience in designing factory layouts and setting up factories. He has set up factories for the production of weighing and dynamic balancing machines in India and has experience in designing, producing and servicing that equipment. He was Senior Vice President at M/S Schenck Avery Limited, an Indo-German joint venture, and has set up an automatic paint shop for painting various components of weighing and dynamic balancing equipment.