Machine Vision: Technologies and Global Markets

Published - Jun 2010| Analyst - Srinivasa Rajaram| Code - IAS010C
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Report Highlights

  • 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%.

INTRODUCTION

STUDY GOALS AND OBJECTIVES
 
Machine vision (MV) is an automated technology through which images are captured and transferred to a PC and processed thereafter, for inspection and reporting of the processed results. MV systems are devices that capture and analyze visual information, and are used to automate tasks that require “seeing.” A camera lens and an image sensor are used to capture images. Vision software analyzes what is being seen and communicates information to other equipment. Vision systems also require lighting and are configured by connecting them to a display device such as a computer monitor. 
 
Vision systems can have a variety of physical forms, depending on the user’s need. Users can purchase vision software to use with their own cameras and processors, or they can purchase a stand-alone unit that combines the camera, processor, and software into a single package. These systems have increasingly become more powerful while at the same time easy to use. Recent advancements in MV technology, such as smart cameras and vision-guided robotics, have increased the scope of the MV market for a wider application in the industrial and nonindustrial sectors.
 
Today, MV is used to ensure the quality of everything from tiny computer chips to massive space vehicles as well as in major security applications and traffic and crowd-control applications. MV has evolved to become a vital and effective automation tool that enables computers to replace human vision in many high-speed and high-precision manufacturing and nonindustrial applications. Today, MV systems are utilized in all industrial applications, including semiconductor, electronics, pharmaceuticals, packaging, medical devices, automotive, and consumer goods. It has also become a major tool in traffic management, toll collection, and many other nonindustrial uses.
 
This report will look at the application market for MV systems and the competition involved in this ever-expanding field. This report will also study the global market for the various components that constitute an MV system. The market for these components has become very competitive, and this report will look into the nature of the competition and the region-wide breakdown of this market.
 
REASONS FOR DOING THE STUDY
 
To succeed in a market, MV companies must understand that market. They must know who their competitors are, how the market as a whole is performing, and what is selling and what is not. In addition, they must know where market opportunities lie. This report provides important information on the current size and anticipated growth of the overall market and market segments, characteristics of the market, leading suppliers, trends in customer preference, and geographic market opportunities.
 
SCOPE OF REPORT
 
The scope of this report is the market for MV hardware and software, including smart cameras and smart sensors, compact vision systems, personal computer-based MV systems, MV lighting and cameras, and frame grabbers.
 
A variety of factors were considered in making the market forecast, including plant construction and upgrades, the rate at which new MV technology is being applied in new areas, the underlying economic growth of the overall market, and the growth rates reported by manufacturers and users of MV products.
 
This report will examine the various components of MV systems and the technologies involved. These are being upgraded at a rapid rate. There also will be a focus on new and improved technologies and their effect on MV system applications in various industrial and nonindustrial fields.
 
There also will be a look at the global market for the various components that comprise an MV system. These have been undergoing constant upgrades in terms of sophistication, but with more ease of operation. In addition, the prices of these components continue to fall, so the MV industry has been characterized by improving price and performance ratios. This has made the market for these components very competitive. This study will examine the nature of the competition and offer a regional breakdown of this market.
 
In addition, there will be a look at future global markets for MV systems and the technologies that will be involved. Starting with some basic industrial applications two decades ago in a few selected countries, the growth of this technology has allowed it to penetrate varied nonindustrial fields, and the market has become global in nature.
 
Recent advances in MV technology have facilitated and accelerated varied applications for industrial as well as nonindustrial use in the near future. This report investigates the present global market for these various applications and provides a realistic forecast of their growth.
 
The major objective of this report is to determine the worldwide market for MV systems and its growth potential over the next 5 years. It also highlights the various technologies involved and improvements in them. There is a look at the structure of the industries involved in the research, development, design, and manufacture of MV components and systems. Profiles of global manufacturers are provided along with a discussion of the global competition in this ever-expanding market. An analysis of patents issued to various companies for related technologies and processes is contained in this study. Forecasts take into account product and technology life cycles.
 
Information has been provided in a simple-to-understand and easy-to-grasp format. Necessary figures regarding global sales and forecasts of MV systems and components for both the industrial and nonindustrial sectors are provided as easy-to-read figures and tables.
 
INTENDED AUDIENCE
 
This study covers the technologies involved in MV systems, such as components that constitute a workable MV system, recent advances in the technologies involved, various traditional and new applications and global markets for these technologies and applications. The report will be useful for:
  • Manufacturers of MV systems and components
  • Systems integrators
  • Design and application engineers
  • Various industries and agencies needing MV systems
  • Traffic and transport planners
  • Security system planners
METHODOLOGY
 
Both primary and secondary research methodologies were used in this study. Market data resulted from telephone interviews with manufacturers, systems integrators and end users, as well as from searches of company literature and online sources. Production data from various segments of the industry was obtained from sources within these industries and from the balance sheets of a number of companies. Forecasts are based on a variety of factors, including technology developments, commercial realities, product/technology life cycles, and regional economic growth factors.
 
INFORMATION SOURCES
 
Primary information sources for this market research include individuals within companies, various research organizations, governmental agencies, and trade associations. Additional secondary research sources include databases, trade literature, specialized journals, and government statistics.
 
ANALYST CREDENTIALS
 
Srinivasa Rajaram is a mechanical engineer with more than 40 years of experience in senior positions in multinational organizations in manufacturing fields. He has designed layouts of manufacturing systems, and has authored several leading technology market research reports for BCC Research.
 
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DISCLAIMER
 
The information developed in this report is intended to be as reliable as possible at the time of publication and of a professional nature. This information does not constitute managerial, legal, or accounting advice; nor should it serve as a corporate policy guide, laboratory manual, or an endorsement of any product, as much of the information is speculative in nature. The author assumes no responsibility for any loss or damage that might result from reliance on the reported information or its use.

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Published - Mar-2007| Analyst - Srinivasa Rajaram| Code - IAS010B

Report Highlights

  • 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%.
Published - Mar-2000| Analyst - Marlene Bourne| Code - IAS010A

Report Highlights

  • 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.

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