Machine Vision Market – Insight
Machine Vision (MV) refers to the electronic imaging used for process control, inspection getting the automatic guidance. The term MV encompasses several technologies, software and hardware solutions, integrated systems, methods, expertise and actions. Alike conventional Industrial Applications, MV capabilities are extended to Augmented Reality & Virtual Reality as well. Similarly, MV enables ADAS (Advanced Driver Assist Systems), & Smart Security Systems to perceive extensive digital-imaging capabilities to efficiently deliver in low or no light conditions, consuming low battery power without interfering human activity all at once.
Diversified applications are allowing Machine Vision to garner huge traction enabling its Market to grow rapidly. Also, the latest trend of miniaturization of optical and electronic devices is augmenting demand for image processing eventually fostering the MV market growth. Space Robots dictating need for Machine Vision Cameras to see like humans are increasingly becoming reality. Evidently, leading players mentioned above account for the driving force behind the innovations MV witnesses today.
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Acknowledging the seminal work of these players, Market Research Future has recently published a Study report signifying market insights till 2022. In its analysis MRFR asserts that the ever flourishing global market of Machine Vision will garner accruals of USD 15.46 Billion registering a CAGR of 8.18% during 2017-2022.
Machine Vision experiences applications in diversified areas like Hyper spectral cameras allowing combination of spectroscopy and digital imaging explains the market growth. Hyper spectral imaging is extensively used by the military surveillance sector. Similarly adoption of Hyper spectral in various sectors like Mining & Mineralogy, healthcare and Environment Testing fosters the market growth.
Conversely, expensive hyperspectral cameras along with the associated complexities of processing and analyzing imaging data might pose challenges to the market growth. Nevertheless, Smart City Projects where Machine Vision systems are increasingly deployed in the solutions ensuring security and safety including advanced vision technologies will provide immense impetus to the MV market growth.
Key Players
The prominent players in the market of Machine Vision Market are – Cognex Corporation (U.S.), Vitronic GmbH (Germany), Perceptron, Inc. (U.S.), Microscan Systems (U.S.), Basler AG (Germany.), National Instruments (U.S.), Optotune AG (Switzerland), USS Vision (U.S.), ViDi Systems SA (Switzerland), Keyence (Japan), Omron Corporation (Japan) among others.
Segments:
Global Machine Vision Market for segment on the basis of position, type, technology and application.
Machine Vision Market by Position:
- Overhead Beam
- Horizontal Beam
Machine Vision Market by Type:
- Bidirectional
- Unidirectional
Machine Vision Market by Technology:
- Wired
- Wireless
Machine Vision Market by Application:
- Transportation
- Retail
- Banking & Finance
- Hospitality
- Sports & Entertainment
- Government
- Others
Worldwide Machine Vision Market – Regional Analysis
Asia Pacific with the largest (30%) market share followed by Europe and North America respectively. APAC dominates the global market, whereas Europe takes the second position owing to the augmented demand from healthcare and automotive sectors. North America is the third largest market for Machine Vision.
Machine Vision Market perceives a positive growth in all the regions on global scale attributing to the increasing application areas every year along with the technological advancements and integration.
Intended Audience
- Data Centers
- Manufacturing Companies
- Software Developers
- Energy Generation Companies
- Technology Providers
- Distributors
- Research firms
- Consultancy firms
- Semiconductor Manufacturers
- Stakeholders
- End-user sectors
- Technology Investors
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TABLE OF CONTENTS
List of Figures
Figure 1 Global Machine Vision Market: Drivers & Restraint
Figure 2 Global Machine Vision Market: Supply Chain Process
Figure 3 Global Machine Vision Market: Porter’s Five Forces Analysis
Figure 4 Global Machine Vision Market, By Type
Figure 5 Global Machine Vision Market, By Type (Usd Million) (2016-2022)
Figure 6 1d Machine Vision Systems
Figure 7 Global Machine Vision 1d Machine Vision Market, By Region (Usd Million) (2016-2022)
Figure 8 Global Machine Vision 2d Machine Vision Market, By Region (Usd Million) (2016-2022)
Figure 9 Global Machine Vision 3d Machine Vision Market, By Region (Usd Million) (2016-2022)
Figure 10 Machine Vision Market, By Application
Figure 11 Global Machine Vision Market, By Application (Usd Million) (2016-2022)
Figure 12 Global Machine Vision Inspection Market, By Region (Usd Million) (2016-2022)
Figure 13 Global Machine Vision Gauging Market, By Region (Usd Million) (2016-2022)
Figure 14 Global Machine Vision Guidance Market, By Region (Usd Million) (2016-2022)
Figure 15 Global Machine Vision Identification Market, By Region (Usd Million) (2016-2022)
Figure 16 Global Machine Vision Others Market, By Region (Usd Million) (2016-2022)
Continued…
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The global machine vision market is expected to garner 8.18% CAGR over the review period (2017-2022) and the process would help the market cross USD 15.46 billion valuation by that time.
Market Research Future (MRFR) in its recently published report claims that the growth of the market would depend much on its easy percolation into industries.Factors such as automotive, electronics, and other sectors are bound to take the Machine Vision Market forward in the coming years.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1510Regional Analysis:North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW) are the four major regions included in the global machine vision market report made by MRFR.
The report aims at locating growth pockets and understanding different market dynamics for a better predictive study.Technological superiority and easy integration of latest modes into the mainstream industries have kept North America in the forefront and would continue to do so in the coming years.
At the same time, booming automotive industry and engaging electronics sector are providing much traction for the easy integration of machine vision and its growth.The APAC region is full of emerging economies where the industrial revamping is creating ample scope for industries to proliferate.
The electronics industry is quite strong because of the presence of China, Japan, Thailand, and others.Key PlayersThe prominent players in the Machine Vision Market are – Cognex Corporation (U.S.), Vitronic GmbH (Germany), Perceptron, Inc. (U.S.), Microscan Systems (U.S.), Basler AG (Germany.
The Spirulina Market is expected to grow at a CAGR of 10.3% from 2020-2030, according to a new research report by Next Move Strategy ConsultingSpirulina is a blue green algae with high nutrient content, usually consumed by human & animals.
It is also used as a complementary diet ingredient in aquaculture & poultry feeds owing to the presence of high protein & vitamin content.According to the report, growth in health consciousness among people and the rising demand for dietary supplements are major factors driving the spirulina market growth.
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Powder segment is expected to account for the major market share & dominate the market growth over the forecast period.North America dominates the spirulina market in terms of market size over the forecast period, owing to rising health consciousness among people.
Hansen Holding A/S, Algenol Biofuels Inc., Dongtai City Spirulina Bio-engineering Co., Ltd., Prolgae, Parry Neutraceuticals, Sensient Technologies Corporation, DDW Inc., Algatec and Naturex S.A.Browse key industry insights from the report, “Spirulina Market Size By Type (ArthrospiraPlatensis and Arthrospira Maxima) By Application (Nutraceuticals, Food & Beverages, Cosmetics, Animal Feed, and Others), By Drug Formulation (Powder, Tablet & Capsule, Liquid, and Granule & Gelling Agent)Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020–2030” in detail along with the table of contents:Key Insights from the Spirulina Market Report:Asia Pacific is the fastest growing region in Spirulina market owing to the rising demand of spirulina from various industries such as cosmetics, food , healthcare and others and government initiatives to promote local spirulina production.The Food & Beverages segment dominates the market in terms of application and is expected to grow at a significant CAGR to maintain the lead till 2030.Some of the major players in the market are DIC Corporation, Cyanotech Corporation, Chr.
