Growing Manufacturing Sector Expected to Boost Global Machine Vision Technology Market to US$28.5 bn by 2021

ResearchMoz added Latest Research Report titled " Machine Vision Technology Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 " to it's Large Report database.

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.

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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.

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Table of Content

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)

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