Asia-Pacific Industrial Machine Vision Market – Industry Trends and Forecast to 2024

  • Semiconductors and Electronics
  • Published Report
  • Jan 2018
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Asia-Pacific Industrial Machine Vision Market By Component Type (Camera, Frame Grabber, Optics, LED Lighting, Processor, Software Tools), By Product (PC-based Machine Vision Systems, Smart Camera-based Vision Systems), By Vertical (Automotive, Glass, Metal, Wood, Pharmaceutical and Cosmetics, Semiconductor, Electrical/Electronic, Rubber and Plastic, Medical Devices, Printing, Food and Beverage, Others), By Countries (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Singapore, Indonesia, Philippines and Rest of APAC) – Industry Trends and Forecast to 2024

Asia-Pacific Industrial Machine Vision Market is expected to reach USD 16,746.7 million by 2024, from USD 7,974.7 million in 2016 growing at a CAGR of 9.8% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

The major factors driving the growth of this market are rising demand for quality inspection and increasing need for specific machine vision systems migration towards 3D-based machine vision systems rising number of applications in various industrial sectors On the other hand, absence of flexible machine vision solutions and unpredictable end-user needs hinders the market growth.

Market Segmentation:  Asia-Pacific Industrial Machine Vision Market

  • The Asia-Pacific industrial machine vision market is segmented on the basis of component type, product, application and vertical. On the basis of component type, the Asia-Pacific industrial machine vision market is segmented into cameras, frame grabbers, optics, led lighting, software tools and processor In 2017, cameras segment is expected to dominate the APAC industrial machine vision market with 73.5% market share and is expected to reach USD 12,455.6 million by 2024, growing with the highest CAGR of 9.9% in the forecast period 2017 to 2024.
  • On the basis of product the Asia-Pacific industrial machine vision market is segmented into PC-based machine vision systems and smart camera-based vision systems In 2017, PC-based machine vision systems is expected to dominate the APAC industrial machine vision market with 77.9% market share and is expected to reach USD 12,831.3 million by 2024, growing with a CAGR of 9.5% in the forecast period 2017 to 2024.
  • On the basis of application the Asia-Pacific industrial machine vision market is segmented into inspection, measurement, positioning and guidance, symbol reading, character recognition, part recognition and others In 2017, inspection is expected to dominate the Asia-Pacific industrial machine vision market with 56.4% market share and is expected to reach USD 9,345.1 million by 2024, growing with a CAGR of 9.6% in the forecast period 2017 to 2024.
  • On the basis of vertical the APAV industrial machine vision market is segmented into automotive, electrical/electronics, food and beverage, rubber and plastic, metal, semiconductors, pharmaceuticals and cosmetics, medical devices, printing, glass, wood, others In 2017, automotive is expected to dominate the APAC industrial machine vision market with 41.3% market share and is expected to reach USD 6,901.4 million by 2024, growing with a CAGR of 9.7% in the forecast period 2017 to 2024.

Key Drivers: Asia-Pacific Industrial Machine Vision Market

Asia-Pacific industrial machine vision market is rising demand for quality inspection and increasing need for specific machine vision systems migration towards 3D-based machine vision systems rising number of applications in various industrial sectors

Key Points: Asia-Pacific Industrial Machine Vision Market

  • Asia-Pacific industrial machine vision market is dominated by Cognex Corporation, followed by KEYENCE CORPORATION and Sony.
  • Cameras segment is expected to dominate the APAC industrial machine vision market.
  • The industrial machine vision market in the Asia-Pacific region is leading in China, Japan, India and South Korea. Japan accounts for the highest market share in this region.

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