Global Industrial Machine Vision Market to Witness Growth Rate of 9.4% in the Forecast Period of 2019 to 2026

Industrial Machine Vision Market is expected to grow at 9.4% for 2019 to 2026 to an estimated value of USD 44.2 billion by 2026 with factors such as dearth of flexible machine vision solutions and complexity associated with the integration of machine vision system.

Industrial machine vision market has shown a significant adoption rate and preferences from the Asia- Pacific region. Increasing automation in manufacturing industry will enhance the market growth in the region.

Industrial Machine Vision Market Scenario

According to Data Bridge Market Research the industrial machine vision market in developing regions is witnessing a growth in terms of its adoption rate, due to increasing adoption of industry 4.0, rising demand for quality inspection & automation, increasing production of electric & hybrid cars, and growing government initiatives to support industrial automation.

Now the question is which are the regions that industrial machine vision market players should target? Data Bridge Market Research has estimated market leaders to target Asia- Pacific developing regions to help them in attaining better volume of revenue generation.

Industrial machine vision market is becoming more competitive every year with smart camera-based vision systems currently being the largest market product for the forecast period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the industrial machine vision market.

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Industrial Machine Vision Market Development

Cognex Corporation announced the acquisition of SUALAB in October 2019 which will help the company to enhance their deep learning abilities. With this acquisition, the company will strengthen their market position and will be able to serve better services & products to their customer worldwide.

Scope of the Industrial Machine Vision Market

Industrial machine vision market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa.

  • All country based analysis of the industrial machine vision market is further analyzed based on maximum granularity into further segmentation. On the component type, the market is segmented into camera, frame grabber, optics, LED lighting, processor and software tools. Product segment of the market is divided into PC-based machine vision systems and smart camera-based vision systems. The end- user segment of the market is divided into automotive, glass, metal, wood, pharmaceutical and cosmetics, semiconductor, electrical/electronic, rubber and plastic, medical devices, printing, food and beverage and others. Application segment of the market is divided into identification, positioning & guidance, measurement, quality assurance & inspection, character recognition, symbol reading part recognition and others.
  • Industrial machine vision is a technology which uses video camera, digital signal processing and analog-to-digital conversion so that they can allow the computer to capture, inspect and analyze any object. They provide ability to the computers so that they can easily evaluate & analyze images. PC-based machine vision systems and smart camera-based vision systems are two of the common types of the industrial machine vision system. They are widely used in industrial applications such as character recognition, symbol reading part recognition, quality assurance & inspection, identification, positioning & guidance and others.

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Key Pointers Covered in the Industrial Machine Vision Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • 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
  • FLIR Systems, Inc
  •  AMETEK.Inc
  • Qualitas Technologies Pvt Ltd
  • Cadence Design Systems, Inc.
  • CEVA, Inc.
  • Inuitive

Above are the key players covered in the report, to know about more and exhaustive list of industrial machine vision companies, contact us

Research Methodology: Global Industrial Machine Vision Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecast using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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