Machine Vision Market: A Study of the Key Applications and Technologies
A computer’s ability to see is known as machine vision, and it relies on digital signal processing, analog-to-digital conversion, and one or more video cameras (DSP). Data from the process is sent to a computer or robot controller. The complexity of machine vision is comparable to that of voice recognition.
machine vision market size is expected to reach USD 20.3 billion in 2030 and register a revenue CAGR of 7.1% over the forecast period, according to the latest report by Emergen. Increasing requirement for automation and quality inspection is driving global machine vision market revenue growth. Machine vision has several advantages in automation. Machine vision inspection is widely recognized as a critical component of production line automation. The use of inline inspection lowers manufacturing costs, improves customer satisfaction, and eliminates waste. It is essential for maintaining product and batch integrity, as well as avoiding batch mix.
Machine vision systems are also widely used in vision-guided robotics systems The advancement of industrial robots has significantly increased the efficiency of manufacturing. While individuals still change jigs or settings according to a plan, calibrate the system, and run tests and revisions before commencing production, vision-guided robots are gaining traction as a method to eliminate this time-consuming task.
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Forecast Period : 2022-2030
Base Year: 2022
Number of Pages: 250
Key Highlights From the Report
On 25 May 2022, PIXM released a new computer vision solution for mobile phishing. PIXM mobile uses computer vision tech to identify and stop phishing attacks on mobile devices in real-time, as a user clicks on a malicious link.
The hardware segment is expected to account for a larger revenue share during the forecast period owing to the availability of new and advanced hardware in the market. The hardware of a machine vision system is the most apparent component.
The two forms of hardware architecture are external and integrated hardware. The type of examination and the speed with which it is carried out are important considerations when selecting hardware. Machine vision edge computing currently has powerful and diverse hardware on the market. Vision systems can benefit from edge computing to improve reaction time, handle many interfaces, and execute complex processing.
The robotics cell segment is expected to register a rapid growth rate during the forecast period owing to their cost effectiveness and ability to handle a large number of product variants as components, which are changed without stopping production by simply changing the robot program and inspection software. In addition, the robot vision cell offers the best learning environment for robotics and vision.
Prominent players operating in the industry have undertaken collaborations and agreements to gain a competitive edge and gain a robust footing in the industry. Some prominent players profiled in the report are:
Cognex Corporation, Basler AG, Omron Corporation, Keyence Corporation, Teledyne Technologies Incorporated, TKH Group, National Instruments Corp., Sony Corporation, Texas Instruments Incorporated, and Intel Corporation.
The report is an investigative study of the technological developments and product advancements, along with a regional analysis for each product and application offered in the market. The fundamental objective of the report is to give an insight into the workings of the Machine Vision industry. It provides an accurate and strategic outlook of the market with a thorough assessment of the segments and sub-segments of the market. It provides a panoramic view of the industry to offer a deeper understanding of the global industry.
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Emergen Research has segmented the global machine vision market based on component, deployment, end-use, and region:
· Component Outlook (Revenue, USD Million, 2022–2030)
· Deployment Outlook (Revenue, USD Million, 2022–2030)
- Robotics Cell
· End-Use Outlook (Revenue, USD Million, 2022–2030)
- Electronics & Semiconductor
- Consumer Electronics
- Wood & Paper
- Food & Packaging
- Rubber & Plastics
- Solar Panel Manufacturing
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