DALLAS, May 17, 2011 /PRNewswire/ -- According to a new market research report, "Global Machine Vision and Vision Guided Robotics Market (2010 - 2015)", published by MarketsandMarkets (http://www.marketsandmarkets.com), the total global machine vision system and component market is expected to be worth 15.3 billion USD by 2015, out of which the camera & smart camera will account for nearly 27.3% of the total revenues. The global market is expected to record a CAGR of 9.3% from 2010 to 2015.
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The machine vision system and component market has advanced very fast to meet the growing demand for traditional and non-traditional applications areas. Advancement in processing capabilities has made the machine vision systems more powerful; coupled with the development of smart camera and new interfaces. These advancements have also increased processing power, reduced cost and operational complexities, thereby increasing the scope of machine vision technology for a wider application. The global machine vision system and components market is estimated to reach $9,830.4 million in 2010; growing at an estimated CAGR of 9.3% from 2010 to 2015.
Amongst all the market segments, the optics, lighting & frame grabbers commanded the largest share in terms of revenues in 2010, while camera & smart camera came second in terms of revenues. However, camera & smart camera is the fastest growing market, growing at a CAGR of 10.2% from 2010 to 2015, due to the higher demand for smart camera because of its lower cost of the system and easy to install and use. Processor, software, and hardware market is expected to reach $3,641.6 million in 2015 with an estimated CAGR of 8.8% from 2010 to 2015.
At present, Asia Pacific region dominates the global machine vision system & component market, which is also the fastest growing region, at a double digit CAGR of 11.1% from 2010 to 2015 and this trend is expected to continue in the forecasted period as well; followed by North American region, the second largest market for machine vision, which occupied market share of 32.2% of the overall market in 2010. However, ROW was the smallest market for machine vision system & components in 2010.
Scope of the report
This report analyzes the global machine vision markets based on:
- Machine vision products: - Camera & smart camera - Optics, lighting and frame grabber - Processor, software and hardware - Miscellaneous components - Camera technology - Area and line scan cameras - Camera by frame rates - CCD and CMOS sensor - Cameras by color - Applications: - Industrial - Automotive - Semiconductor - Glass - Metal - Wood and paper - Pharma and cosmetic - Container & packaging - Medical devices - Printing - Food - Other industrial - Non-industrial - Transportation, Traffic management, and road safety - Security & surveillance - Medical Imaging & lab automation - Postal & logistic - Document processing - Military & defense - Other non-industrial - Market players - Camera & smart camera manufacturer - Sensors manufacturers. - Processor and frame grabber manufacturers - Machine vision cable manufacturers - Machine vision lightings manufacturers - Machine vision system manufacturers - LED manufacturers - R&D equipment manufacturers - Distributors and value added resellers
In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analysis of the machine vision systems and component markets in the U.S., Europe, Asia Pacific, and Rest of the World (ROW). The report draws the competitive landscape of the global machine vision market, providing an in-depth comparative analysis of the technological and marketing strategies adopted by key players in order to gain an edge over their competitors.
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