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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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.
Market Definition: Global Industrial Machine Vision Market
Machine Vision compromises of industrial and non-industrial applications. It includes the combination of various software and hardware which provides the guidance to operational devices in order to capture and process of image. The Machine Vision includes details of project, requirements and then coming with a solution.
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, ISRA VISION, Sick, FLIR Systems, Inc., AMETEK.Inc, Qualitas Technologies Pvt Ltd, SUALAB, Cadence Design Systems, Inc., CEVA, Inc., Inuitive and others.
- 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
- Absence of flexible machine vision solutions
- Unpredictable end-user needs is restraining the market growth
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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.
Segmentation: Global Industrial Machine Vision Market
- Frame Grabber
- LED Lighting
- Software Tools
- Deep learning
- PC-based Machine Vision Systems
- Smart Camera-based Vision Systems
- Pharmaceutical and Cosmetics
- Rubber and Plastic
- Medical Devices
- Food and Beverage
- Positioning & Guidance
- Quality Assurance & Inspection
- Character Recognition
- Symbol Reading Part Recognition
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
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