Machine Vision Market

Machine Vision System Market Overview

Machine Vision System Market Size is forecast to reach?$16.4 billion by 2026, at a?CAGR of 6.9%?during forecast period 2021-2026. The need for inspection of flaws and controlling a specific task of industrial operations is motivating the utilization of machine vision systems in process control and quality control applications. Additionally, the growing penetration of?automation and robotics?across various industries and rapid advancements in industrial technologies along with the need for higher productivity are boosting the deployment of machine vision systems. These systems encounter wide range of applications in various industry verticals including oil& gas, aerospace, transportation, automotive among others and are able to serve their inspection needs with the available types such as PC-based and smart camera based machine vision systems.

Machine Vision System Market Report Coverage

The report: “Machine Vision System Market Report– Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Brushless DC Motor market

By Product Type:?PC Based, Smart Camera Based

By Component:?Hardware (Camera, Frame Grabber, Lighting, Processor, Optics), Software (Application Specific, Deep Learning)

By Application:?Quality Assurance and Inspection, Position Guidance, Measurement, Identification, Pattern Recognition and Others

By End Users:?Automotive, Electrical and Electronics, Healthcare, Consumer Electronics, Aerospace and Defense, Logistics, Security and Surveillance, Printing, ITS, Machinery, Packaging, Food and Beverage and Others

By Geography:?North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, Australia and Others), and RoW (Middle East and Africa, South America)

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Key Takeaways

• The rising need for advanced manufacturing in the U.S have increasingly demanded the use of machine vision systems.?
• The market players are majorly opting for various strategies such as product launch, partnership and agreements and collaborations to gain market traction and further penetration to explore the hidden opportunities in upcoming trends including Industry4.0
• Recognizing trends and irregularities in production processes early on machine vision paves the way for realizing the smart factory of the future. Machine vision ensures safety in production process as well as quality in the end product.

Machine Vision System Market Drivers?

Growing Demand for Smart Cameras

Smart cameras often support a machine vision system by digitizing and transferring frames for computer analysis.?A smart camera has a single embedded image sensor. They are usually tailored-built for specialized applications where space constraints require a compact footprint. Smart cameras are employed for a number of automated functions, whether complementing a multipart machine vision system, or as standalone image-processing units.?

Machine Vision System Market Challenges

Lack of awareness among users and inadequate expertise?

The robotic vision technology is rapidly changing, with new technologies emerging constantly, and new tools coming to market incredibly fast to make tackling automation problems easier. In the past decade alone, the robotic vision market has seen the introduction of more advanced sensors in terms of both smaller pixels and larger sensors, software platforms that continues to be more accurate, and lighting which is growing brighter and becoming more efficient.?