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Machine Vision Market Worth 14.43 Billion USD by 2022


News provided by

MarketsandMarkets

19 Dec, 2016, 13:30 GMT

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PUNE, India, December 19, 2016 /PRNewswire/ --

According to the new market research report, "Machine Vision Market by Component (Hardware (Camera, Frame Grabber, Optics, Processor) and Software (Deep Learning and Application Specific)), Product (PC Systems and Smart Camera Systems), Application, Vertical, and Geography - Global Forecast to 2022", published by MarketsandMarkets, the overall market is expected to be valued at USD 14.43 Billion by 2022, growing at a CAGR of 8.15% between 2016 and 2022.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )


Browse 79 market data Tables and 73 Figures spread through 178 Pages and in-depth TOC on "Machine Vision Market"

http://www.marketsandmarkets.com/Market-Reports/machine-vision-systems-market-963.html

Early buyers will receive 10% customization on this report.

The major factors driving the growth of the machine vision market are the increasing need for quality inspection and automation across industry verticals, surge in demand for vision-guided robotic systems in automotive, pharmaceutical, food and packaging, and industrial sectors, and growing demand for application-specific machine vision systems.

"Machine vision market for smart camera-based systems is expected to grow at the highest CAGR during the forecast period" 

Unlike PC-based systems, smart camera-based machine vision systems can accomplish the task of decoding algorithms, and traceability applications such as ID code reading, quality assessment, text verification, and label inspection more economically. Smart camera-based machine vision systems are flexible as it is easier to implement changes in their regulations and standards in future. The market for smart camera-based machine vision systems is expected to grow at the highest rate during the forecast period.

Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=963

"Quality assurance and inspection application expected to hold the largest size of the machine vision market between 2016 and 2022" 

Factors such as increasing demand for quality products, high manufacturing capacity, and shortage of skilled labor significantly drive the market for the quality assurance and inspection application. Moreover, an increasing demand for smart cameras is expected to drive the overall machine vision market for cameras.

"Machine vision market in APAC expected to grow at the highest rate during the forecast period" 

The countries in APAC such as China, Japan, India, and South Korea have some of the largest manufacturing facilities in the world, wherein automation of manufacturing processes has already been taking place. This factor is driving the growth of the market in APAC. In addition, intense competition in the market for consumer electronics is likely to boost the adoption of machine vision systems in APAC.

Buy Now @ https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=963

The major companies involved in the development of machine vision systems include Cognex Corporation (U.S.), Basler AG (Germany), Omron Corporation (Japan), National Instruments Corporation (U.S.), Keyence Corporation (Japan), Sony Corporation (Japan), Teledyne Technologies, Inc. (U.S.), Texas Instruments, Inc. (U.S.), Allied Vision Technologies GmbH (Germany), Intel Corporation (U.S.), Baumer Optronic GmbH (Germany), and JAI A/S (Denmark), among others.

Browse Related Reports 

Industrial Control and Factory Automation Market by Technology (SCADA, PAC & RTU, DCS, Safety, MES & MOM, PLM), Component (Industrial Robots, Machine Vision, Control Valves, Enclosures, Cables), Industry (Process, and Discrete) - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/factory-industrial-automation-sme-smb-market-541.html

3D Machine Vision Market by Component (Camera, Frame grabber, Software), Product (PC-based and Smart Camera-based) Application, Vertical (Automotive, Consumer Electronics, Postal & Logistics, ITS) and Geography - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/3d-machine-vision-market-4125387.html

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Email: sales@marketsandmarkets.com


Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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