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Increasing Demand from Non-Industrial Sector Contributes to Growth of Global Machine Vision Market

Reviewed

Apr 11 2014

Research and Markets has announced the addition of the "Global Machine Vision Market Report" report to their offering.

The analysts forecast the Global Machine Vision market to grow at a CAGR of 9.40 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from the non-industrial sector. The Global Machine Vision market has also been witnessing the development of next generation machine vision products. However, lack of expertise in organizations could pose a challenge to the growth of this market.

The report, the Global Machine Vision Market Report, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the markets in the Americas and the EMEA and APAC regions; it also covers the Global Machine Vision market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

The key vendors dominating this space include Basler AG, Cognex Corp., and Teledyne Technologies Inc.

Many vendors are developing high-resolution cameras that provide more accurate and clear results and output. Machine vision technology is evolving rapidly and therefore the market creates opportunities for high-resolution cameras. Many end-users prefer high-resolution cameras to improve their accuracy. Additionally, the development of high-resolution cameras helps vendors improve the interoperability features.

In addition, vendors are developing next-generation products that are capable of handling high-bandwidth applications. The increasing adoption of high-bandwidth applications is one of the challenges in the market, and the vendors are developing next-generation products to tackle this problem.

Therefore, the vendors are developing next-generation machine vision components and products, and these products are expected to enhance the market potential in the future.

According to the report, the Global Machine Vision market is witnessing many growth drivers, including the increasing demand from the Non-industrial sector. Several industries including Transportation, Security and Surveillance, Military and Defense, and Traffic Management are opting for machine vision systems to answer their security and safety concerns.

Further, the report states that a major challenge in the market is the lack of expertise. Organizations across industries are not able to implement machine vision systems due to lack of knowledge about this technology.

The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Adept Technology Inc., Allied Vision Technologies GmbH, Bit Flow Inc., ISRA Vision AG, JAI A/S, Matrox Electronic Systems Ltd., MVTec Software GmbH, PPT Vision Inc., Prophotonix Ltd., Stemmer Imaging Ltd., Videk Inc., Vitronics Soltec BV, and ZYGO Corp.

Key Topics Covered:

1. Executive Summary

2. List of Abbreviations

3. Introduction

4. Market Research Methodology

5. Scope of the Report

6. Market Landscape

7. Geographical Segmentation

8. Vendor Landscape

9. Buying Criteria

10. Market Growth Drivers

11. Drivers and their Impact