Machine Vision Systems Market

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MarketsandMarkets Presents
Machine Vision Systems Components Market

http//www.marketsandmarkets.com/Market-Reports/ma
chine-vision-systems-market-963.html
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According to a new market research report of
"Machine Vision Systems Components 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 
108 market data tables with 12 figures spread
through 340 pages and in-depth TOC on Machine
Vision Systems Components 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). http//www.marketsandmarkets.com/Ma
rket-Reports/machine-vision-systems-market-963.htm
l Early buyers will receive 10 customization on
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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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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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
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