Market Highlights: The machine vision technology has rapidly evolved from stand-alone proprietary box modules to modular vision components and 3D displacement sensors. It consists of several features such as algorithms & software that can widely applicable in performing optical sensing to analyze and interpret parts of models. It has been observed that increasing Machine Vision technology by the key players in manufacturing market is expected to flourish the global Machine Vision technology market in future due to higher productivity & flexibility in the production process, tighter process control and reduce machine downtime. The manufacturers of vision technology products are expanding their businesses in Asia-Pacific countries as these countries are more prone to robotics, dimensional gaging operations and code reading. The market study is being classified by Type (PC Based Machine Vision Technology, Embedded Machine Vision Technology, Smart Cameras Based Machine Vision Technology, Frame Grabber, Lighting and Lenses), by Application (Positioning, Identification, Verification, Measurement and Flaw Detection) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Machine Vision Technology are Cognex Corporation (United States), Teledyne Technologies, Inc. (United States), Keyence Corporation (Japan), National Instruments Corporation (United States), Texas Instruments, Inc. (United States), Basler AG (Germany), Baumer Optronic GmbH (Switzerland), Sick AG (Germany), Omron Corporation (Japan) and Allied Vision Technologies GmbH (Germany).
Major Market Development Highlights In October 17, 2018, TKH Group acquired Lakesight Technologies. This acquisition is beneficial in providing core technology solution such as vision & security, mission critical communication, connectivity, and smart manufacturing in the domain of Telecom, Building, and Industry. In November 2018, Inspekto launched a S70 Autonomous Machine Vision system which is beneficial in providing simple, intuitive user interface that designed to offer full archiving & traceability Meta data across the production tiers.
Key Questions Answered in the Report What will the Machine Vision Technology Market size and the growth rate be in Future? What are the key factors driving the Machine Vision Technology Market? What are the key market trends and macro-economic impacting the growth of the Machine Vision Technology Market? What are the challenges to market growth? Who are the key vendors in the Machine Vision Technology Market? What are the market opportunities and threats faced by the vendors in the Machine Vision Technology Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Machine Vision Technology Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Machine Vision Technology market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Machine Vision Technology market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Machine Vision Technology Manufacturers, Machine Vision Technology Traders, End-Use Market Participants of Different Segments of Machine Vision Technology, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.