New York, According to a new market research report published by Global Insight Services “Industrial Machine Vision Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Industrial machine vision is a technology used to automatically inspect and analyze images for various manufacturing purposes. It is typically used to inspect products for defects, to ensure proper assembly, and to verify product dimensions. Machine vision systems can be either standalone or integrated into other manufacturing systems such as robots or conveyors.
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Key Trends
Some key trends in industrial machine vision technology include the following:
1. Increased use of artificial intelligence and machine learning algorithms to improve image processing and analysis.
2. Increased use of 3D imaging and reconstruction techniques.
3. Increased use of high-speed cameras and image sensors.
4. Increased use of embedded vision systems.
Key Drivers
Some of the key drivers of the industrial machine vision market include growing demand for quality inspection in various industries, rising need for automation in various industrial processes, and increasing adoption of machine vision in logistics. Additionally, technological advancements in machine vision cameras, software, and processors are expected to drive market growth.
Quality inspection is one of the major applications of machine vision. Machine vision systems are used for quality inspection of various products in industries such as food & beverage, pharmaceuticals, semiconductor, and automotive. These systems help in detecting defects in products and help in maintaining the quality of the products.
Market Segments
The Industrial Machine Vision Market is segmented by deployment, component, product, and region. By deployment, the market is divided into general & robotic cell. Based on component, it is bifurcated into hardware and software. On the basis of product, it is classified into pc-based and smart-camera based. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Industrial Machine Vision Market includes players such as Allied Vision Technologies GmbH, Basler AG, Cognex Corporation, Keyence Corporation, LMI Technologies, Inc., Microscan Systems, Inc., National Instruments Corporation, OMRON Corporation, Sick AG and Tordivel AS.
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Reasons to buy Industrial Machine Vision Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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