Machine vision and inspection solutions are becoming integral part of the industrial automation process. Rising awareness about the benefits of machine vision and inspection is increasing the demand for machine vision and inspection solutions globally. In addition, the demand for machine vision and inspection systems is growing rapidly with continuous advancement and reducing prices. These solutions expanded its applications from manufacturing to non-manufacturing applications. All the above factors are expected to fuel the growth of machine vision and inspection systems through the forecast period 2015 – 2023. This represents the positive outlook for machine vision and inspection solutions providers.
Machine vision and inspection solutions providers are closely working with manufacturers in order to provide solutions that match their customers’ exact requirements. This report highlights current trends and key opportunities in the global machine vision and inspection market. The study also includes market size and forecast of different type of machine vision and inspection solutions in the global, regional as well as country specific markets.
This report provides historical market size (revenue size in US$ Mn) of machine vision and inspection system for the year 2013, market estimates for 2014 and forecast for the period 2015 to 2023. The report includes pricing, demand-supply, technology and regional trends. Machine vision and inspection systems market is classified on the basis of components, application, industrial verticals, system type and regional market. The report provides exhaustive analysis along with market size and forecast for each of these segments. The report also highlights key investment areas in the global as well as each regional markets. The study also includes market size and forecast for major countries in each regional market. The study also provides high level market analysis such PESTEL analysis, market positioning and key investment analysis.
The report includes profiles of the key machine vision and inspection solutions providers. Company profile covers business overview, financial overview, recent developments, market wining strategies and product portfolio related to machine vision and inspection solutions. This study will help machine vision and inspection solutions providers, system integrators and other trade partners across the value chain to identify key potential areas and formulate their strategies.
Market Segmentation:
Types of Machine Vision and Inspection Technologies – Market Analysis
Based on the type, machine vision and inspection systems are classified into two major categories – computer systems and camera systems. Computer based machine vision and inspection solutions accounted for the largest revenue share. PC-based machine vision systems are traditionally used for identification and inspection applications. These solutions are always preferred over camera based solutions due to their higher processing power, efficiency to handle complex operations and high operating speed. Computer based solutions can be easily upgraded with advanced software solutions available and easily swapped with required hardware components. This makes PC-based solutions highly customizable. Initially, PC based solutions are used for identifying and measuring components on an assembly line. Now, with advancement in software and hardware components it is being used in robotic arms to identify and remove flawed products in assembly line.
Camera systems are continuously evolving at an exponential pace with an introduction of smart cameras and expected to see the fastest growth through the forecast period 2015 – 2023. Camera based machine vision systems are comparatively cheaper, easy to use and simple to integrate with existing infrastructure. Smart cameras are replacing PC based solutions that work in combination of cameras, frame grabbers, lighting, and PCs which reduces overall installation cost for users. Camera based machine vision systems are expected to see the fastest growth throughout the forecast period with rising awareness about the benefits of smart cameras in industrial applications.
Application Segmentation Analysis – Machine Vision and Inspection Market
We have considered Machine vision and inspection solutions used in following end use verticals:
Semiconductor industry represents the largest end-use vertical for Machine vision and inspection systems. Machine vision and inspection systems are commonly used for inspection of microchips, silicon wafers, other components such as capacitors, resistors, and lead frames. In order to improve the efficiency of semiconductor inspection process manufacturers are incorporating advanced vision lighting, high-speed image processing and camera systems. Reducing size and complexity in manufacturing of electronic devices, rising need to reduce flaws and reduce operating costs are expected to fuel the demand for sophisticated machine vision and inspection systems from semiconductor industry. In the automobile industry, machine vision and inspection systems are used in inspection of painting machines, control systems for industrial robots, rapid-prototyping, welding quality control, testing of the engine block and identification of defects on other components. Presently, the increasing complexities in automobiles have made them prone to many production errors. Rising market competition is forcing automobile manufacturers to reduce production errors and operating costs. Integration of Machine vision and inspection systems with production line helps to avoid errors throughout the production process. This is influencing automobile manufacturers to invest in Machine vision and inspection technologies. Pharmaceutical industry represents the fastest growing end-use application segment with the introduction of stringent regulations to maintain the product quality and data mentioned on pharmaceutical products.
Geography Segmentation Analysis – Machine Vision and Inspection Market
The global machine vision and inspection market is classified into North America, Europe, Asia-Pacific and Rest of the World (RoW) by regions. Asia-pacific accounted for the largest revenue share in the global machine vision and inspection market. Asia Pacific is also expected to be the fastest growing regional market for machine vision and inspection technologies due to growing industrialization and automation particularly in India and China. Current adoption rate of machine vision and inspection solutions in India is about 8% to 12% and in China it is about 25% to 30%. Rising market competition is expected to force Asian manufacturers to invest in advanced manufacturing technologies in order to provide high quality products at competitive prices. This is expected increase the demand for machine vision and inspection technology in this region. North America and Europe are matured markets and expected to grow at slow pace compared with Asia Pacific. Majority of machine vision and inspection solutions providers are located in the U.S. and Europe. In the U.S., significant growth demand for machine vision and inspection solutions has been observed from last quarter of 2012. Economic conditions in the U.S. and major European countries are improving steadily with continuous governments efforts to resolve the problems of fiscal cliff in these countries. South America and Middle East are also expected to see a significant growth in the adoption of machine vision and inspection solutions with rising demand for these technologies from pharmaceutical, automotive, electronics and packaging.
