Global Markets for Machine Vision Technologies

The global market for machine vision (MV) system components will grow from $19.0 billion in 2016 to $30.8 billion by 2021 with a compound annual growth rate (CAGR) of 10.2% for the period of 2016-2021.

Report Includes

• An overview of the global market for machine vision (MV), an automated technology through which images are captured and transferred to a PC and processed thereafter, for inspection and reporting of the processed results.
• Analyses of global market trends, with data from 2015, estimates for 2016, and projections of compound annual growth rates (CAGRs) through 2021.
• Examinations of the global market for the various components that make up an MV system, as well as the advances in MV technology, such as smart cameras and vision-guided robotics, that have facilitated and accelerated varied applications for industrial as well as nonindustrial use in the near future.
• Discussion of the structure of the industries involved in the research, development, design, and manufacture of MV components and systems.
• Profiles of major manufacturers.

BCC Research estimates the global market for machine vision (MV) system components totalled $14.4 billion in 2013 and $15.7 billion in 2014. The market should reach $17.1 billion in 2015 and about $26.9 billion in 2020, registering a compound annual growth (CAGR) of 9.4% over the next five years.

Report Includes

• An overview of the global market for machine vision (MV), an automated technology through which images are captured and transferred to a PC and processed thereafter, for inspection and reporting of the processed results.
• Analyses of global market trends, with data from 2014, estimates for 2015, and projections of compound annual growth rates (CAGRs) from 2015 through 2020.
• Examinations of the global market for the various components that make up an MV system, as well as the advances in MV technology, such as smart cameras and vision-guided robotics, that have facilitated and accelerated varied applications for industrial as well as nonindustrial use in the near future.
• Discussion of the structure of the industries involved in the research, development, design, and manufacture of MV components and systems.
• Comprehensive company profiles of major manufacturers.

The global market for machine vision (MV) system components was nearly $13.5 billion in 2012. This is expected to grow to $15.2 billion in 2014 and further increase to nearly $23.5 billion in 2019. The compound annual growth rate (CAGR) for the five-year period from 2014 to 2019 is expected to be 9%.

Report Includes

• An overview of the global market for machine vision (MV), an automated technology through which images are captured and transferred to a PC and processed thereafter, for inspection and reporting of the processed results.
• Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) from 2014 through 2019.
• Examinations of the global market for the various components that make up an MV system, as well as the advances in MV technology, such as smart cameras and vision-guided robotics, that have facilitated and accelerated varied applications for industrial as well as nonindustrial use in the near future.
• Discussion of the structure of the industries involved in the research, development, design, and manufacture of MV components and systems.
• Comprehensive company profiles of major manufacturers.

• The global market for machine vision system components was $10.3 billion in 2009, slightly more than the market figure for 2008, which was nearly $9.9 billion.  This is expected to grow to $11.2 billion in 2010 and further increase to nearly $18 billion in 2015, a compound annual growth rate (CAGR) of 9.9% for the period of 2010 to 2015.
• Miscellaneous components represent the fastest growing market segment. This sector was worth $2.2 billion in 2009 and $2.4 billion in 2010. By 2015, miscellaneous components will be worth an estimated $4 billion, an 11.2% compound annual growth rate (CAGR).
• Optics/lighting/frame grabbers represent the largest market share, valued at nearly $3 billion in 2009. This market is expected to reach $3.3 billion by the end of 2010 and $5.3 billion by 2015, a compound annual growth rate (CAGR) of 10.3%.

• The global market for machine vision systems by application was worth $8.1 billion in 2006 and will reach upwards of almost $9 billion by 2007. At a compound annual growth rate (CAGR) of 10.9%, this market will grow to more than $15 billion by 2012.
• Total industrial applications held the highest share of the market through the forecast period. In 2007 they were worth $6.4 billion. By the end of 2012 this sector will grow to $9.3 billion, more than 62% of the total global market.
• The combined non-industrial sector had the highest growth rate through the forecast period. By 2012 it will be worth more than $5.7 billion, a CAGR of 17.0%.

• Machine vision, the combination of cameras, lighting and software to capture and analyze moving images, is distinguished from other electronic imaging technologies because it is specifically associated with industrial manufacturing. In the 1980s, machine vision emerged as a means to improve the manufacturing process, and its use has been growing steadily ever since.
• The trend towards total quality and recent advances in machine vision technology are working in tandem to open the doors for machine vision in a wider variety of markets and applications. Machine vision systems have been critical in helping meet the growing demand by consumers for high quality, defect-free products.
• Manufacturers of all kinds are realizing the benefits of using machine vision in conjunction with automated, high-speed processes to increase productivity, improve product quality, and reduce waste. As the technology continues to develop, the applications for which machine vision can be used will certainly expand as well.