Machine Vision System and Robotics Market | Analysis 2019-2031

Machine Vision System and Robotics Market Introduction

Machine vision is a technology that connects machines with robots and enables them to inspect and measure product quality by capturing and analyzing the product images via digital cameras and image processing tools. The system takes necessary actions based on the analysis. This technology is used in various industries to automate the production process, accelerate production speed, and improve final product quality. Continuous advancement in the automation technologies has made machine vision more powerful and easy to use. In addition, the introduction of vision-guided robotics and smart cameras have rapidly increased the scope machine systems in various applications.

Drivers & Restraints

Growing demand for product quality enhancement and reduction in cost are some of the factors that are projected to increase the adoption of machine vision system and robotics across end-user industries. However, high initial investment and insufficient expertise are some of the restraints that are limiting the adoption of machine vision system and robotics in various industries.

Market Scope

The machine vision system and robotics market is been segmented by product type, component, end-user industry, and application.

a) Type

• Smart Camera-based Machine Vision Systems
• PC-based Machine Vision Systems

b) Component

• Hardware
  • Image Sensors
  • Frame Grabbers
  • Cameras
  • Interface Standard
  • LED Lighting
  • Processors
  • Optics
  • Other Hardware
• Software

c) End-user Industry

• Consumer Electronics
• Automotive
• Food & Packaging
• Metals
• Pharmaceutical
• Electronics and semiconductor
• Glass, Wood & Paper, Rubber & Plastics
• Others Industries

d) Application

• Positioning & Guidance
• Quality Assurance & Inspection
• Identification and measurement

Regional Outlook

Key regions targeted in the machine vision system and robotics market are North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East & Africa (MEA).

Machine Vision System and Robotics Market Competitive Landscape

Some of the key players operating in the machine vision system and robotics market are Adept Technology Inc., Allied Vision Technologies Inc., BASLER AG, BT Flow Inc., COGNEX CORP, EASTMAN KODAK, Edmud Optics Inc., Electro Scientific Industries Inc., Isra Vision AG, KLA-Tensor Corporation. Leading market players operating in the machine vision systems and robotics market are inclined towards introducing advanced parallel robots equipped with high-speed pick and place capabilities. For example, in July 2015, Adept Technologies Inc. introduced the Hornet 565—new parallel robots—featured with a high speed pick and place capabilities, especially for packaging applications.

In addition, strategic mergers and acquisitions are some of the other key strategies followed by prominent players to expand their market presence; ensure long-term growth and stay ahead in the competition. For example, in September 2015, Omron Corporation acquired Adept Technologies Inc. for approximately US$200 million. This acquisition enabled the company to expand its capabilities automation technology and positioned itself for long-term growth.

The research study would provide an in-depth assessment of the machine vision system and robotics market and include reliable analysis, insights, facts and industry-validated market estimation and projections, supplemented by appropriate assumptions, methodologies, and approaches. Insights and analysis on various market segments such as by product type, component, end-user industry, and application, and region included in this research report scope.

Major Regions/Countries include:

• North America
  • United States
  • Canada

• Western Europe
  • Germany
  • United Kingdom
  • Spain
  • France
  • Italy
  • Rest of Western Europe

• Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe

• Asia Pacific (APAC)
  • Japan
  • China
  • India
  • ASEAN
  • Australia
  • Rest of Asia-Pacific

• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

• Middle East and Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of MEA

This research report on machine vision system and robotics market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.