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    Machine Vision Market | Covid-19 Impact Analysis

    Machine Vision Market | Covid-19 Impact Analysis

    Machine Vision Market | Covid-19 Impact Analysis
    Report code - SRCG172 Delivery - 2 Weeks
    Machine Vision Market Size, Share, Trend, Forecast, & Industry Analysis – 2020-2 See more...
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    Impact of COVID-19 on Machine Vision Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Machine Vision Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Machine Vision Market Insights

    Machine vision market is likely to grow at an impressive CAGR of 6.5% during the forecast period. The major factors driving the growth of the machine vision market are surge in demand for industrial automation or smart factories, vision-guided robotic systems, and their increasing application in pharmaceutical and food packaging industries.

    Machine Vision Market - Snapshot

    Growth

    6.5% for the next five years

    Major Deployment Type

    General Machine Vision System

    Major Component Type

    Hardware

    Major Product Type

    PC- based Machine Vision System

    Major Application Type

    Quality Assurance and Inspection

    Dominant End-Use Industry Type

    Automotive Industry

    Region with the Highest Demand

    Asia-Pacific

    Key Players

    Cognex Corporation, Basler AG, Omron Corporation), Keyence

    National Instruments, Sony Corporation, Teledyne Technologies,

    Texas Instruments, Intel Corporation, ISRA Vision, Sick AG,

    and FLIR Systems

     

    Market Share Analysis

    Machine-Vision-Market-Dominant-Segments

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    Machine Vision Market Share: By Deployment Type

    Based on the deployment type, the market is segmented as general machine vision system and robotic cell. The general machine vision system segment held the larger share of the market in 2019, whereas the robotic cell segment is expected to experience a faster growth during the forecast period. Robotic cells are cost-effective and can handle increasing number of product variants, which is driving the growth of the segment.

    Machine Vision Market Share: By Component Type

    Based on the component type, the market is segmented as hardware and software. The hardware segment held the larger share of the market in 2019, and is expected to experience a faster growth during the forecast period. The market for the software segment is expected to experience a steadier growth during the same period owing to the training and deep learning of the technology.

    Machine Vision Market Share: By Product Type

    Based on the product type, the machine vision market is segmented as PC-based machine vision system and smart cameras-based machine vision system. The PC-based machine vision system segment dominated the market in 2019, whereas the smart cameras-based machine vision system segment is expected to experience a faster growth during the forecast period. The growth of the smart cameras-based machine vision system segment is attributed by its advantages, such as cost-effectiveness, compact size, and flexibility, and also the increasing adoption of cameras in 3D imaging.

    Machine Vision Market Share: By Application Type

    Based on the application type, the machine vision market is segmented automotive, electronics and semiconductor, consumer electronics, glass, metals, wood and paper, pharmaceutical, food and packaging, rubber and plastics, printing, machinery, solar panel manufacturing, and textile. The quality assurance & inspection segment held the largest share of the market in 2019, whereas the predictive maintenance segment is expected to experience the fastest growth during the forecast period.  Predictive maintenance is carried out when a particular item is in the degradation state and helps in reducing the cost as compared to other techniques.

    Machine Vision Market Share: By End-Use Industry Type

    Based on the end-use industry type, the market is segmented as automotive, electronics and semiconductor, healthcare, food & packaging, and others. The automotive industry segment held the largest share of the market in 2019, owing to the higher adoption of machine vision systems as they provide improved accuracy in critical activities, such as bin picking and positioning of parts (doors and panels) for assembly. The segment is likely to lead the market during the forecast period as well.

    Machine Vision Market Share: By Region

    In terms of regions, Asia-Pacific was the major market in 2019, and is expected to maintain its dominance during the forecast period. The growth of the region’s market can be attributed to the major countries, such as China, Japan, India, and South Korea, which have the largest manufacturing facilities, wherein automation of manufacturing processes has been considered as the highest priority. The region’s rapid industrial expansion has been immensely contributing to the success and development of various innovations with the adoption of different technologies.

    Machine-Vision-Market-By-Region

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    Some of the major players in the machine vision market are-

    • Cognex Corporation
    • Basler AG
    • Omron Corporation
    • Keyence National Instruments
    • Sony Corporation
    • Teledyne Technologies
    • Texas Instruments
    • Intel Corporation
    • ISRA Vision
    • Sick AG
    • FLIR Systems

     

    Market Scope & Segmentation

    A machine vision system is a technology which provides imaging-based automatic inspection and analyzes the product, depending on different parameters of quality and safety. It consists of back-end image processing hardware and software and digital cameras. The major components of the system are lighting, lens, image sensors, vision processing, and communication devices.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Machine Vision Market Research Report - Features

    Market Segmentation

    6

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The machine vision market is segmented into the following categories. 

    Machine Vision Market Size, Share, & Forecast, by Deployment Type:

    • General Machine Vision System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Robotic Cell (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Machine Vision Market Size, Share, & Forecast, by Component Type:

    • Hardware
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Component Type Analysis:  Cameras, Frame Grabbers, Optics, Led Lighting, and Processors)
    • Software
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Component Type Analysis: Application Specific and Deep Learning Software)

    Machine Vision Market Size, Share, & Forecast, by Product Type:

    • PC-based Machine Vision System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Smart Cameras-based Machine Vision System (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Machine Vision Market Size, Share, & Forecast, by Application Type:

    • Quality Assurance & Inspection (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Positioning & Guidance (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Measurement (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Identification (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Predictive Maintenance (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Machine Vision Market Size, Share, & Forecast, by End-Use Industry Type:

    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electronics and Semiconductor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Consumer Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Glass (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wood and Paper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pharmaceutical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Food and Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rubber and Plastics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Printing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Machinery (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Solar Panel Manufacturing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Textile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Machine Vision Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Machine Vision Market in the foreseeable future?

    Machine vision market is expected to witness an impressive growth of 6.5% CAGR in the foreseeable future.

    Who are the key players in the Machine Vision Market?

    Cognex Corporation, Basler AG, Omron Corporation, Keyence National Instruments, Sony Corporation, Teledyne Technologies, Texas Instruments, Intel Corporation, ISRA Vision, Sick AG, and FLIR Systems are among the key players in the machine vision market.

    Which country/region is expected to remain dominant in the Machine Vision Market?

    Asia-pacific is expected to remain dominant in the machine vision market during the next five years.

    Which product type is expected to experience a faster growth in the Machine Vision Market?

    The smart cameras-based machine vision system segment is expected to experience a faster growth in the machine vision market in the coming years.

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