Global Industrial Machine Vision Market Is Set For Global Lead With Immense Development Trends By 2026|Top Players Are Basler AG, Omron Corporation, Keyence Corporation, National Instruments, Sony Corporation, Teledyne Technologies, Inc., Allied Vision Technologies GmbH, Texas Instruments Inc., Intel Corporation & Others
Global industrial machine vision market is estimated to reach USD 44.2 billion by 2026, registering a substantial CAGR of 9.4% in the forecast period of 2019-2026 due to rising demand for quality inspection, increasing need for specific machine vision systems migration towards 3D-based machine vision systems and rising number of applications in various industrial sectors.
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To get thorough knowledge of market, this industrial machine vision market report has turned out as a transparent, wide-ranging and supreme in quality. A market research study of this industrial machine vision report help businesses in gaining knowledge about what is already there in the market, what market looks forward to, the competitive background and steps to take up to outshine the rivals. What is more, this industrial machine vision market research report also provides a careful investigation of the current state of the market which covers several market dynamics. This industrial machine vision market report performs research and analysis of data relevant to marketing problem.
Major Market Competitors/Players: Global Industrial Machine Vision Market
Few of the major competitors currently working in global industrial machine vision market are
- Cognex Corporation,
- Basler AG,
- Omron Corporation,
- Keyence Corporation,
- National Instruments,
- Sony Corporation,
- Teledyne Technologies, Inc.,
- Allied Vision Technologies GmbH,
- Texas Instruments Inc.,
- Intel Corporation,
- Baumer Optronic GmbH,
- JAI A/S,
- MVTec Software GmbH,
- Tordivel AS,
Market Drivers:
Rising demand for quality inspection
Increasing need for specific machine vision systems migration towards 3D-based machine vision systems
Rising number of applications in various industrial sectors
Market Restraints:
Absence of flexible machine vision solutions
Unpredictable end-user needs is restraining the market growth
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Segmentation: Global Industrial Machine Vision Market
By Component
Camera
Frame Grabber
Optics
LED Lighting
Processor
Software Tools
Deep learning
By Product
PC-based Machine Vision Systems
Smart Camera-based Vision Systems
By End-User
Automotive
Glass
Metal
Wood
Pharmaceutical and Cosmetics
Semiconductor
Electrical/Electronic
Rubber and Plastic
Medical Devices
Printing
Food and Beverage
Others
By Application
Identification
Positioning & Guidance
Measurement
Quality Assurance & Inspection
Character Recognition
Symbol Reading Part Recognition
Others
By Geography
North America
South America
Europe
Asia-Pacific
Middle East and Africa
Key Developments in the Market
In November 2018, new Multi-Spectrum Vision System CV-X Series was launched by the Keyence. The new device offers flexibility in terms of color control and synchronising light.
In July 2018, Launch of FHV7-series Smart Camera combined with illumination and image processing functionality was announced by the OMRON Corporation.
Competitive Analysis:
Global industrial machine vision market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of industrial machine vision market for Global, Europe, North America, Asia Pacific and South America.
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Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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