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Global Machine Vision Market 2017-2021

Global Machine Vision Market 2017-2021

About Machine Vision

The machine vision technology analyzes and inspects images through various machine vision software, hardware, and accessories. This technology includes four processes - identification, guidance, measurement, and inspection. The machine vision technology captures an image; transfers it to the processor; reports it to the processor system for inspection; and then provides the processed results to take action accordingly. The global machine vision market encompasses cameras; vision systems; and others which consists of accessories such as optics, sensors, lighting, frame-grabbers, and cables, which work as supports for the machine vision technology.

Technavio’s analysts forecast the global machine vision market to grow at a CAGR of 8.92% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global machine vision market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Machine Vision Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cognex Corporation
  • Basler
  • Teledyne DALSA
  • OMRON
  • Keyence
Other prominent vendors
  • Datalogic
  • Edmund Optics
  • Allied Vision Technologies
Market driver
  • Increasing demand for machine vision systems from automotive industry.
  • For a full, detailed list, view our report
Market challenge
  • Developing smart cameras at lower price.
  • For a full, detailed list, view our report
Market trend
  • Incorporation of thermal inspection in machine vision systems.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Machine Vision Market 2017-2021

Technavio recognizes the following companies as the key players in the global machine vision market: Cognex Corporation, Basler, Teledyne DALSA, OMRON, and Keyence.

Other Prominent Vendors in the market are: Datalogic, Edmund Optics, and Allied Vision Technologies.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is incorporation of thermal inspection in machine vision systems. After the improvement in the 2-D and 3-D imaging for machine visions there is a vast improvement seen in thermal inspection. Thermal inspection or thermographic imaging are infrared imaging sciences. The broadened product portfolio of manufacturers bears more risk as this brings in innovation and cost. The machine vision vendors are also introducing thermal imaging.”

According to the report, one driver in market is significant cost savings in operation due to process control. Machine vision systems are employed in the initial stage of production. Defective components are immediately removed from the process and are not finished. At times the removed part can be re-introduced into the production process. This saves materials. Defective parts never continue to the subsequent manufacturing phase and therefore incur no further costs. The integration of machine vision systems in manufacturing units helps manufacturers in reducing the labor cost as well as avoiding the corrective action cost. With the rise in the labor cost in the US and China it is becoming difficult for manufacturers to control the cost that may later affect the competitive strategy of a company. The use of machine vision systems helps in automatic capturing of data as well as reducing defects in products and processes.

Further, the report states that one challenges in market is intense competition. There is intense competition in the global machine vision market, which has led to price wars and reduced profit margins for vendors. Although vendors have patented their equipment and systems, there is a significant number of competitors entering the business with a similar type of systems. This creates a high competition. The high competition in the market is because of increased expectation from end-users. This is because there is a fast-technological improvement from normal cameras to smart cameras. In addition, at present, the availability of equipment at low prices has resulted in an increase in competition in the market.

Companies Mentioned

Cognex Corporation, Basler, Teledyne DALSA, OMRON, Keyence, Datalogic, Edmund Optics, and Allied Vision Technologies.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Processes involved in machine vision systems
  • Market landscape
    • Market overview
      • Table Market landscape
    • Market size and forecast
      • Table Global machine vision market 2016-2021 ($ billions)
      • Table Applications using machine vision system
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Market overview
      • Table Global machine vision market share by product type 2016 and 2021 (% share)
    • Global machine vision market by vision system
      • Table Global machine vision market by vision system 2016-2021 ($ billions)
    • Global machine vision market by camera
      • Table Global machine vision market by camera 2016-2021 ($ billions)
    • Global machine vision market by others
      • Table Global machine vision market by others 2016-2021 ($ billions)
  • Market segmentation by end-user
    • Market overview
      • Table Global machine vision market by end-user by revenue 2016 and 2021
    • Global machine vision market by industrial sector
      • Table Global machine vision market in industrial sectors 2016-2021 ($ billions)
      • Table Global machine vision market share by industrial end-users 2016 and 2021 (%)
    • Global machine vision market by non-industrial sector
      • Table Global machine vision market in non-industrial sectors 2016-2021 ($ billions)
  • Geographical segmentation
    • Global machine vision market by geography
      • Table Global machine vision market by geography 2016 and 2021 (% share)
    • Machine vision market in APAC
      • Table Machine vision market in APAC 206-2021 ($ billions)
    • Machine vision market in EMEA
      • Table Machine vision market in EMEA 2016-2021 ($ billions)
    • Machine vision market in Americas
      • Table Machine vision market in Americas 2016-2021 ($ billions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Incorporation of thermal inspection in machine vision systems
    • Requirement from vision guided robots in manufacturing activities
    • Rise in demand for Industrial Internet of Things
    • Advancement in high-speed application
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
    • Key vendor analysis
    • Cognex Corporation
      • Table Product offerings
    • KEYENCE
      • Table KEYENCE: Product categories
    • OMRON
      • Table Product offerings
    • Teledyne DALSA
    • Recent developments
  • Appendix
    • List of abbreviations
  • Explore Technavio

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