Global Market for Machine Vision System Components to be worth $18 Billion in 2015

July 08, 2010

Wellesley, Mass. – According to a new technical market research report, MACHINE VISION: TECHNOLOGIES AND GLOBAL MARKETS (IAS010C) from BCC Research (www.bccresearch.com), the global market for machine vision system components is an estimated $11.2 billion in 2010, but is expected to increase to nearly $18 billion in 2015, for a 5-year compound annual growth rate (CAGR) of 9.9%.

The largest segment of the market, made up of optics/lighting/frame grabber components, is estimated to be worth nearly $3.3 billion in 2010, and is expected to increase at a CAGR of 10.3% to reach $5.3 billion in 2015.

The second-largest segment, made up of cameras and smart cameras, is expected to reach more than $4.2 billion in 2015, after increasing at a CAGR of 7.8% from an estimated $2.9 billion in 2010.

Revenue in the processor software/hardware segment is estimated at nearly $2.7 billion in 2010, and is expected to rise to nearly $4.4 billion in 2015, for a 5-year CAGR of 10.4%.

The segment made up of miscellaneous components is estimated at nearly $2.4 billion in 2010, and is projected to increase at a CAGR of 11.2% to reach $4 billion in 2015.

Machine vision (MV) is an automated technology through which images are captured and transferred to a computer 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. 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.

In the recent economic turmoil, badly hit application areas such as automotive and semiconductors are witnessing less demand, while medical and infrastructure industries are witnessing steady growth. Traffic and security are the two application areas experiencing high growth potential.  Today, MV systems are used for all industrial applications, including semiconductor, electronics, pharmaceuticals, packaging, medical devices, automotive, and consumer goods. They also have become major tools for traffic management, toll collection, and many other nonindustrial uses. 

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, and security system planners.
 

Machine Vision: Technologies and Global Markets( IAS010C )
Publish Date: Jun 2010    

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