Machine Vision Systems Market

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MarketsandMarkets Presents
Machine Vision Systems Market worth 5 Billion -
2018
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chine-vision-systems-market-963.html
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According to a new market research report of
"Machine Vision Systems Market- By Technology (PC
Smart Camera), Application (Industrial
(Automotive, Electronics, Packaging, Medical),
Non Industrial (Security, Traffic And Road
Safety, Healthcare))-Global Analysis Forecast
(2013-2018)" ,published by MarketsandMarkets
(www.marketsandmarkets.com) is expected to grow
at a CAGR of 8 from 2013 to 2018 and reach 5
billion in 2018. Browse gtgt
108 market data tables 12
figures 340  pages and
in-depth TOC on Machine Vision Systems
Components Market

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-Reports/machine-vision-systems-market-963.html
Early buyers will receive 10 customization of
reports.
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The machine vision system and component market is
matching up with the growing demand for
traditional and non-traditional applications
areas. Innovation in processing capabilities has
made the machine vision systems more powerful
coupled with the development of embedded machine
vision and new interfaces. These advancements
have also increased processing power, reduced
cost and operational complexities, thereby
increasing the scope of machine vision technology
for a wider application. The global machine
vision system and components market is estimated
to reach 3,125.78 million in 2012 growing at
an estimated CAGR of 8.2 from 2013 to
2018. Amongst all the product market segments,
PC based machine vision segment held a majority
of the product market in 2012, while smart camera
based machine vision market segment is fastest
growing among three product markets. Third being
embedded machine vision market segment. By the
end of 2018, smart camera based machine vision
system market segment is expected to hold more
35 of product market. The compact and
application specific features of this setup are
expected to drive the market in coming five
years. Embedded machine vision is also expected
to establish itself in various industrial and non
industrial verticals.
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chine-vision-systems-market-963.html
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Among all the component market segments, the
camera component of the set up commanded the
largest share in terms of revenues in 2012, while
Optics, frame grabber and lightning segment,
which are clubbed together for the calculation
purposes and software hardware component share
similar share in overall cost of the system. It
is also expected to be the fastest growing
market, growing at a CAGR of 10.1 from 2013 to
2018. The higher demand for centralized
processing and lower cost of the system clubbed
with ease to install and use are some of the
drivers for this segment. Machine vision
applications market has been segmented in four
types namely location, measurement, inspection,
and identification. As of 2012, identification
application market segment dominates the
application market of machine vision. Inspection
market segment is second largest segment which
held a market share of around 32 in 2012.
Locating application is expected to grow with a
relatively high CAGR of 15 during the projection
period. Machine vision components and systems
complements and to some extend replaces the
manual inspections and measurements with power
full digital cameras and image processing. This
has increased the scope of its applications.
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chine-vision-systems-market-963.html
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As of 2012, industrial vertical accounted for the
major part i.e.75 of the turnover of machine
vision systems and components globally. This
segment generated revenue of 2,394.35 million in
2012 and is expected to grow with a CAGR of 7.2
from 2013 to 2018. Non industrial vertical is
emerging market and had generated revenues of
731.43 million in 2012 and is expected to grow a
CAGR of 11.2 from 2013 to 2018 At present, Asia
Pacific region dominates the global machine
vision system component market, which is also
the fastest growing region, at a double digit
CAGR of 11.1 from 2013 to 2018 and this trend is
expected to continue in the forecasted period as
well followed by European region, the second
largest market for machine vision, which occupied
market share of 30 of the overall market in
2012. However, Americas region is expected to
grow with least CAGR among geographies i.e around
7 during 2013 and 2018 In addition to market
sizes and forecasts, the report also provides a
detailed analysis of the market trends and
factors influencing market growth, offering
in-depth geographic analysis of the machine
vision systems and component markets in the U.S.,
Europe, Asia Pacific, and Rest of the World
(ROW). The report draws the competitive landscape
of the global machine vision market, providing an
in-depth comparative analysis of the
technological and marketing strategies adopted by
key players in order to gain an edge over their
competitors.
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