Global machine vision system market size is expected to reach $18.7 billion by 2022 from $10.6 billion in 2015, growing at a CAGR of 8.7% from 2016 to 2022. Machine vision technology substitutes the human visual sense and judgment capabilities with digital cameras and image processing to complement manual inspections and measurements. Varied industries incorporate this technology to automate the production and improve product quality & speed. Machine vision system automatically acquires and analyzes the image to deliver desired information and control machines or processes.
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Machine vision system enable high-speed production lines, clean room environments, hazardous environments, microscopic inspection, closed-loop process control, and precise non-contact measurement. Continued evolution of CMOS image sensors and rise in demand for automation in industrial applications are expected to foster high growth of machine vision system market during the forecast period. Furthermore, increase in demand for miniaturized production line monitoring systems and automated guided robots is expected to act as an opportunity for the market.
The global machine vision system market is segmented based on component, type, application, industry vertical, and geography. Based on component, it is categorized into smart camera, embedded system, frame grabber, lighting, and lenses. Market by type comprises of 1D, 2D, and 3D measurement. By application, market is segmented into positioning, identification, verification, measurement, and flaw detection. By industry vertical, the market is divided into industrial, healthcare, electronics, automotive, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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POTENTIAL BENEFITS FOR STAKEHOLDERS
The global machine vision system market is segmented based on component, type, application, industry vertical, and geography.
BY INDUSTRY VERTICAL
Other players in the value chain include (profiles not included in the report)
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