Machine Vision Market by Component (Hardware and Software), Product (PC-Based Systems and Smart Camera-Based Systems), Application, Vertical (Automotive, Electronics and Semiconductor, Healthcare, ITS) and Geography - Global Forecast to 2020

 Published On: Dec, 2015 |    No of Pages: 173 |  Published By: MarketsandMarkets | Format: PDF
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Increasing demand for application-specific machine vision systems driving the machine vision market

The machine vision market size is estimated to grow from USD 8.08 billion in 2015 to USD 12.49 billion by 2020, at an estimated CAGR of 9.1% from 2015 to 2020. The machine vision market is driven by the factors such as Increasing need for quality inspection and automation, Growing demand for vision-guided robotics systems, Rise in labor costs would create investment opportunities for vision-guided industrial robots and other automation technologies in china, and Growing number of regulatory mandates for food, pharma, and automotive industry. 

PC-Based systems to gain maximum traction during the forecast period

The PC-Based machine vision systems are estimated to contribute the largest market share during the forecast period. Smart camera-based systems market is expected to gain traction and grow at the highest CAGR in the next five years. These are the most sustainable product segment for the machine vision market. The major reasons are the low cost and ease of use. Compared to PC-based systems, the smart camera-based machine vision systems can accomplish the task of decoding algorithms, traceability applications such as ID code reading, text verification, mark quality assessment, and label inspection now be accomplished more economically. They are generally easier to configure, validate, and maintain. Being configurable rather than programmable, the smart camera-based machine vision systems make it easier for the manufacturers to implement changes in regulations and standards in future. 

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of primary participants is given below as:

• By Company Type: Tier 1 – 55 %, Tier 2 – 20% and Tier 3 – 25%
• By Designation: C level – 35%, Manager level – 65%
• By Region: North America – 10%, Europe – 20%, APAC – 40%, RoW – 30%

Due to rise in the demand for machine vision in the non-industrial verticals such as healthcare and security & surveillance, the machine vision market finds huge opportunity to proliferate in the next five years. 

The various key machine vision vendors profiled in the report are as follows:

1. Cognex Corporation (U.S.)
2. Keyence Corporation (Japan)
3. National Instruments (U.S.)
4. Basler AG (Germany)
5. Omron Corporation (Japan)
6. Adept Technology (U.S.)
7. Allied Vision Technologies GmbH (Germany)
8. IDS Imaging Development Systems GmbH (Germany)
9. Machine Vision Technology (U.K.)
10. Microscan Systems (U.S.)
11. Perceptron, Inc. (U.S.)
12. Sony Corporation
13. Teledyne Technologies, Inc.
14. Vitronic GmbH (Germany)

The report will help the market leaders/new entrants in this market in the following ways:

1. This report segments the machine vision market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across the different verticals and regions.
2. The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to better understand the competitor and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, mergers and acquisitions.
TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 STUDY SCOPE 17
1.3.1 MARKETS COVERED 17
1.3.2 YEARS CONSIDERED FOR THE STUDY 18
1.4 CURRENCY 18
1.5 LIMITATIONS 18
1.6 MARKET STAKEHOLDERS 18

2 RESEARCH METHODOLOGY 19
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 20
2.1.1.1 Key data from secondary sources 20
2.1.2 PRIMARY DATA 21
2.1.2.1 Key data from primary sources 21
2.1.2.2 Key industry insights 22
2.1.2.3 Breakdown of primaries 22
2.2 MARKET SIZE ESTIMATION 23
2.2.1 BOTTOM-UP APPROACH 24
2.2.2 TOP-DOWN APPROACH 25
2.2.3 MARKET SHARE ESTIMATION 25
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 26
2.4 RESEARCH ASSUMPTIONS 27
2.4.1 ASSUMPTIONS 27

3 EXECUTIVE SUMMARY  28

4 PREMIUM INSIGHTS 34
4.1 ATTRACTIVE OPPORTUNITIES IN THE GLOBAL MACHINE VISION MARKET 34
4.2 MACHINE VISION MARKET, BY VERTICAL 34
4.2.1 INDUSTRIAL VERTICAL MARKET SIZE, BY TYPE, 2015–2020 35
4.2.2 NON-INDUSTRIAL VERTICAL MARKET SIZE, BY TYPE, 2015–2020 35
4.3 MACHINE VISION MARKET, BY COMPONENT 36
4.4 MACHINE VISION MARKET, BY PRODUCT 36
4.5 MACHINE VISION MARKET, BY APPLICATION 37
4.6 MACHINE VISION MARKET, BY GEOGRAPHY 37
4.7 LIFE CYCLE ANALYSIS, BY GEOGRAPHY, 2014 38

5 MARKET OVERVIEW 39
5.1 INTRODUCTION 40
5.2 MARKET EVOLUTION 40
5.3 MARKET SEGMENTATION 41
5.3.1 MACHINE VISION MARKET, BY COMPONENT 41
5.3.2 MACHINE VISION MARKET, BY PRODUCT 41
5.3.3 MACHINE VISION MARKET, BY APPLICATION 41
5.3.4 MACHINE VISION MARKET, BY VERTICAL 42
5.3.5 MACHINE VISION MARKET, BY GEOGRAPHY 42
5.4 MARKET DYNAMICS 43
5.4.1 DRIVERS 44
5.4.1.1 Increasing need for quality inspection and automation 45
5.4.1.2 Growing demand for vision-guided robotics systems 46
5.4.1.3 Rise in wages would create investment opportunities in vision-guided industrial robots and other automation technologies in China 47
5.4.1.4 Growing number of regulatory mandates for food, pharma, and automotive industries 48
5.4.1.5 Growing demand for application-specific machine vision systems 48
5.4.2 RESTRAINTS 49
5.4.2.1 Varying end-user requirements: A setback to market growth 49
5.4.2.2 Lack of flexible machine vision solutions 50
5.4.3 OPPORTUNITIES 50
5.4.3.1 Growing manufacturing facilities in the developing regions 51
5.4.3.2 Advancements in vision technology and industrial expansion 51
5.4.4 CHALLENGES 52
5.4.4.1 Complexity in integrating machine vision systems 52
5.4.4.2 User awareness on rapidly changing machine vision technology 52

6 INDUSTRY TRENDS 53
6.1 INTRODUCTION 53
6.2 VALUE CHAIN ANALYSIS 53
6.2.1 COMPONENT MANUFACTURERS 53
6.2.2 ORIGINAL EQUIPMENT MANUFACTURERS (OEMS) 54
6.2.3 SYSTEM INTEGRATORS 54
6.2.4 RESELLERS & DISTRIBUTORS 54
6.2.5 END USERS 54
6.3 PORTER’S FIVE FORCES ANALYSIS 55
6.3.1 THREAT OF NEW ENTRANTS 56
6.3.2 THREAT OF SUBSTITUTES 57
6.3.3 BARGAINING POWER OF SUPPLIERS 58
6.3.4 BARGAINING POWER OF BUYERS 59
6.3.5 COMPETITIVE RIVALRY 60

7 MACHINE VISION MARKET, BY COMPONENT 61
7.1 INTRODUCTION 62
7.2 HARDWARE 64
7.2.1 CAMERAS 65
7.2.1.1 Frame rate 65
7.2.1.2 Format 66
7.2.1.2.1 Area scan cameras 66
7.2.1.2.2 Line scan cameras 66
7.2.1.3 Image sensors 67
7.2.1.3.1 CMOS sensors 67
7.2.1.3.2 CCD sensors 67
7.2.1.4 Interface standards 68
7.2.1.4.1 Camera Link 68
7.2.1.4.2 GigE Vision 68
7.2.1.4.3 USB 3.0 68
7.2.1.4.4 CoaXPress 69
7.2.1.4.5 Others 69
7.2.1.5 Imaging technology 70
7.2.2 FRAME GRABBERS 70
7.2.3 OPTICS 70
7.2.4 LED LIGHTING 71
7.2.5 PROCESSORS 71
7.2.6 OTHERS 71
7.3 SOFTWARE 71

8 MACHINE VISION MARKET, BY PRODUCT 72
8.1 INTRODUCTION 72
8.2 PC-BASED MACHINE VISION SYSTEMS 73
8.3 SMART CAMERA-BASED MACHINE VISION SYSTEMS 77

9 MACHINE VISION MARKET, BY APPLICATION 81
9.1 INTRODUCTION 82
9.2 QUALITY ASSURANCE & INSPECTION 83
9.3 POSITIONING & GUIDANCE 85
9.4 MEASUREMENT 85
9.5 IDENTIFICATION 86

10 MACHINE VISION MARKET, BY VERTICAL 88
10.1 INTRODUCTION 89
10.2 INDUSTRIAL VERTICAL 91
10.2.1 INTRODUCTION 91
10.2.2 AUTOMOTIVE 92
10.2.2.1 Dimensional gauging 92
10.2.2.2 Assembly verification 92
10.2.2.3 Flaw detection 92
10.2.2.4 Print verification 93
10.2.2.5 Code reading 93
10.2.2.6 Electric controls 93
10.2.2.7 Brakes 93
10.2.3 CONSUMER ELECTRONICS 94
10.2.4 ELECTRONICS AND SEMICONDUCTOR 94
10.2.4.1 IR vision technology 94
10.2.4.2 Macro-defect inspection 95
10.2.4.3 Robot vision 95
10.2.4.4 Printed circuit board (PCB) inspection 95
10.2.4.5 Semiconductor fabrication 95
10.2.5 PHARMACEUTICAL 96
10.2.5.1 Label inspection 96
10.2.5.2 Blister pack inspection 96
10.2.5.3 Cosmetics 96
10.2.6 FOOD & PACKAGING 97
10.2.6.1 On-line inspection system 97
10.2.6.2 Image processing 97
10.2.6.3 Dairy industry 97
10.2.6.4 Low cost 97
10.2.6.5 Quality assurance 97
10.2.6.6 Grading 97
10.2.6.7 Sorting 97
10.2.6.8 Portioning 97
10.2.6.9 Label validation 98
10.2.6.10 Code validation technology 98
10.2.6.11 Safety 98
10.2.6.12 Packaging 98
10.2.6.13 Glass containers 98
10.2.6.14 Plastic bottles 98
10.2.6.15 Metal containers 98
10.2.7 METALS 99
10.2.8 WOOD & PAPER 100
10.2.9 RUBBER & PLASTICS 100
10.2.10 GLASS 101
10.2.10.1 Cut plate inspection 101
10.2.10.2 Mirrored glass inspection 101
10.2.10.3 Interleaving powder coverage measurement 101
10.2.10.4 Portable interleaving powder coverage measurement 101
10.2.11 MACHINERY 102
10.2.12 SOLAR PANEL MANUFACTURING 103
10.2.13 PRINTING 103
10.3 NON-INDUSTRIAL VERTICAL 104
10.3.1 INTRODUCTION 104
10.3.2 INTELLIGENT TRANSPORTATION SYSTEM (ITS) 105
10.3.3 SECURITY & SURVEILLANCE 106
10.3.4 HEALTHCARE 107
10.3.4.1 Medical devices 107
10.3.4.1.1 Optical character verification (OCV) 107
10.3.4.1.2 Medical implant manufacturing 107
10.3.5 POSTAL & LOGISTICS 108
10.3.6 OTHERS 108

11 GEOGRAPHICAL ANALYSIS 110
11.1 INTRODUCTION 111
11.2 AMERICAS 112
11.3 EUROPE 116
11.4 ASIA-PACIFIC 120
11.5 REST OF THE WORLD 124

12 COMPETITIVE LANDSCAPE 127
12.1 INTRODUCTION 127
12.2 MARKET RANKING ANALYSIS, 2014 128
12.3 COMPETITIVE SITUATIONS AND TRENDS 129
12.3.1 NEW PRODUCT LAUNCH 130
12.3.2 AGREEMENTS, PARTNERSHIPS, AND ACQUISITIONS 131
12.3.3 EXPANSIONS 132
12.3.4 OTHERS 132

13 COMPANY PROFILES 133 (Overview, Products and Services, Financials, Strategy & Development)*
13.1 INTRODUCTION 133
13.2 BASLER AG 134
13.3 COGNEX CORPORATION 137
13.4 KEYENCE CORPORATION 140
13.5 NATIONAL INSTRUMENTS 143
13.6 OMRON CORPORATION 146
13.7 ADEPT TECHNOLOGY, INC. 149
13.8 ISRA VISION AG 151
13.9 PERCEPTRON, INC. 153
13.10 SONY CORPORATION 155
13.11 TELEDYNE TECHNOLOGIES INCORPORATED 157
13.12 IDS IMAGING DEVELOPMENT SYSTEMS GMBH 159
13.13 MICROSCAN SYSTEMS, INC. 161
13.14 MVTEC SOFTWARE GMBH 163
13.15 VITRONIC GMBH 164

*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies.

14 APPENDIX 166
14.1 INSIGHTS OF INDUSTRY EXPERTS 166
14.2 DISCUSSION GUIDE 167
14.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 169
14.4 AVAILABLE CUSTOMIZATIONS 171
14.5 RELATED REPORTS 171

LIST OF TABLES

TABLE 1 ANALYSIS OF MARKET DRIVERS 44
TABLE 2 ANALYSIS OF MARKET RESTRAINTS 49
TABLE 3 ANALYSIS OF MARKET OPPORTUNITIES 50
TABLE 4 ANALYSIS OF MARKET CHALLENGES 52
TABLE 5 MACHINE VISION MARKET SIZE, BY COMPONENT, 2013–2020 (USD MILLION) 63
TABLE 6 MACHINE VISION MARKET SIZE FOR HARDWARE COMPONENT, BY TYPE, 2013–2020 (USD MILLION) 65
TABLE 7 MACHINE VISION MARKET FOR CAMERAS, BY FRAME RATE, 2013–2020 (USD MILLION) 65
TABLE 8 MACHINE VISION MARKET FOR CAMERAS, BY FORMAT, 2013–2020 (USD MILLION) 66
TABLE 9 MACHINE VISION MARKET FOR CAMERAS, BY SENSOR TYPE, 2013–2020 (USD MILLION) 67
TABLE 10 MACHINE VISION MARKET FOR CAMERAS, BY INTERFACE STANDARD, 2013–2020 (USD MILLION) 69
TABLE 11 MACHINE VISION MARKET FOR CAMERAS, BY IMAGING TECHNOLOGY, 2013–2020 (USD MILLION) 70
TABLE 12 MACHINE VISION MARKET SIZE, BY PRODUCT, 2013–2020 (USD MILLION) 72
TABLE 13 MACHINE VISION MARKET SIZE FOR PC-BASED SYSTEMS, BY VERTICAL, 2013–2020 (USD MILLION) 74
TABLE 14 MACHINE VISION MARKET SIZE FOR PC-BASED SYSTEMS, BY INDUSTRIAL VERTICAL, 2013–2020 (USD MILLION) 75
TABLE 15 MACHINE VISION MARKET SIZE FOR PC-BASED SYSTEMS, BY NON-INDUSTRIAL VERTICAL, 2013–2020 (USD MILLION) 76
TABLE 16 MACHINE VISION MARKET SIZE FOR SMART CAMERA-BASED SYSTEMS, BY VERTICAL, 2013–2020 (USD MILLION) 77
TABLE 17 MACHINE VISION MARKET SIZE FOR SMART CAMERA-BASED SYSTEMS, BY INDUSTRIAL VERTICAL, 2013–2020 (USD MILLION) 78
TABLE 18 MACHINE VISION MARKET SIZE FOR SMART CAMERA-BASED SYSTEMS, BY NON-INDUSTRIAL VERTICAL, 2013–2020 (USD MILLION) 79
TABLE 19 MACHINE VISION MARKET SIZE, BY APPLICATION, 2013–2020 (USD MILLION) 82
TABLE 20 MACHINE VISION MARKET SIZE FOR QUALITY ASSURANCE & INSPECTION APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 84
TABLE 21 MACHINE VISION MARKET SIZE FOR POSITIONING & GUIDANCE APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 85
TABLE 22 MACHINE VISION MARKET SIZE FOR MEASUREMENT APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 85
TABLE 23 MACHINE VISION MARKET SIZE FOR IDENTIFICATION APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 86
TABLE 24 MACHINE VISION MARKET SIZE, BY VERTICAL, 2013–2020 (USD MILLION) 90
TABLE 25 MACHINE VISION MARKET SIZE FOR INDUSTRIAL VERTICAL, 2013–2020 (USD MILLION) 91
TABLE 26 MACHINE VISION MARKET SIZE FOR AUTOMOTIVE APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 93
TABLE 27 MACHINE VISION MARKET SIZE FOR CONSUMER ELECTRONICS APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 94
TABLE 28 MACHINE VISION MARKET SIZE FOR ELECTRONICS & SEMICONDUCTOR APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 95
TABLE 29 MACHINE VISION MARKET SIZE FOR PHARMACEUTICAL APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 96
TABLE 30 MACHINE VISION MARKET SIZE FOR FOOD & PACKAGING APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 99
TABLE 31 MACHINE VISION MARKET SIZE FOR METALS APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 99
TABLE 32 MACHINE VISION MARKET SIZE FOR WOOD & PAPER APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 100
TABLE 33 MACHINE VISION MARKET SIZE FOR RUBBER & PLASTICS APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 101
TABLE 34 MACHINE VISION MARKET SIZE FOR GLASS APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 102
TABLE 35 MACHINE VISION MARKET SIZE FOR MACHINERY APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 102
TABLE 36 MACHINE VISION MARKET SIZE SOLAR PANEL MANUFACTURING APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 103
TABLE 37 MACHINE VISION MARKET SIZE FOR PRINTING APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 104
TABLE 38 MACHINE VISION MARKET SIZE FOR NON-INDUSTRIAL VERTICAL, BY APPLICATION, 2013–2020 (USD MILLION) 104
TABLE 39 MACHINE VISION MARKET SIZE FOR INTELLIGENT TRANSPORTATION SYSTEMS (ITS) APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 106
TABLE 40 MACHINE VISION MARKET SIZE FOR SECURITY & SURVEILLANCE, BY PRODUCT, 2013–2020 (USD MILLION) 106
TABLE 41 MACHINE VISION MARKET SIZE FOR HEALTHCARE APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 107
TABLE 42 MACHINE VISION MARKET SIZE FOR POSTAL & LOGISTICS APPLICATION, BY PRODUCT, 2013–2020 (USD MILLION) 108
TABLE 43 MACHINE VISION MARKET SIZE FOR OTHER APPLICATIONS, BY PRODUCT, 2013–2020 (USD MILLION) 109
TABLE 44 MACHINE VISION MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 111
TABLE 45 AMERICAS: MACHINE VISION MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 113
TABLE 46 AMERICAS: MACHINE VISION MARKET SIZE, BY PRODUCT, 2013–2020 (USD MILLION) 114
TABLE 47 AMERICAS: MACHINE VISION MARKET SIZE, BY VERTICAL, 2013–2020 (USD MILLION) 114
TABLE 48 AMERICAS: MACHINE VISION SYSTEM MARKET SIZE, BY INDUSTRIAL VERTICAL, 2013–2020 (USD MILLION) 115
TABLE 49 AMERICAS: MACHINE VISION MARKET SIZE, BY NON-INDUSTRIAL VERTICAL, 2013–2020 (USD MILLION) 116
TABLE 50 EUROPE: MACHINE VISION MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 118
TABLE 51 EUROPE: MACHINE VISION MARKET SIZE, BY PRODUCT, 2013–2020 (USD MILLION) 118
TABLE 52 EUROPE: MACHINE VISION MARKET SIZE, BY VERTICAL, 2013–2020 (USD MILLION) 118
TABLE 53 EUROPE: MACHINE VISION MARKET SIZE, BY INDUSTRIAL VERTICAL, 2013–2020 (USD MILLION) 119
TABLE 54 EUROPE: MACHINE VISION MARKET SIZE, BY NON-INDUSTRIAL VERTICAL, 2013–2020 (USD MILLION) 120
TABLE 55 APAC: MACHINE VISION MARKET SIZE, BY COUNTRY, 2013–2020 (USD MILLION) 122
TABLE 56 APAC: MACHINE VISION MARKET SIZE, BY PRODUCT, 2013–2020 (USD MILLION) 122
TABLE 57 APAC: MACHINE VISION MARKET SIZE, BY VERTICAL, 2013–2020 (USD MILLION) 122
TABLE 58 APAC: MACHINE VISION MARKET SIZE, BY INDUSTRIAL VERTICAL, 2013–2020 (USD MILLION) 123
TABLE 59 APAC: MACHINE VISION MARKET SIZE, BY NON-INDUSTRIAL VERTICAL, 2013–2020 (USD MILLION) 123
TABLE 60 ROW: MACHINE VISION MARKET SIZE, BY REGION, 2013–2020 (USD MILLION) 124
TABLE 61 ROW: MACHINE VISION MARKET SIZE, BY PRODUCT, 2013–2020 (USD MILLION) 124
TABLE 62 ROW: MACHINE VISION MARKET SIZE, BY VERTICAL, 2013–2020 (USD MILLION) 125
TABLE 63 ROW: MACHINE VISION MARKET SIZE, BY INDUSTRIAL VERTICAL, 2013–2020 (USD MILLION) 125
TABLE 64 ROW: MACHINE VISION MARKET SIZE, BY NON-INDUSTRIAL VERTICAL, 2013–2020 (USD MILLION) 126
TABLE 65 MOST SIGNIFICANT NEW PRODUCT LAUNCHES IN THE MACHINE VISION MARKET, 2013–2015 130
TABLE 66 MOST SIGNIFICANT AGREEMENTS, PARTNERSHIPS, AND ACQUISITIONS IN THE MACHINE VISION MARKET, 2013-2015 131
TABLE 67 MOST SIGNIFICANT EXPANSIONS IN THE MACHINE VISION MARKET, 2013-2015 132
TABLE 68 MOST SIGNIFICANT OTHER STRATEGIES IN THE MACHINE VISION MARKET, 2013-2015

LIST OF FIGURES

FIGURE 1 MACHINE VISION MARKET SEGMENTATION 17
FIGURE 2 RESEARCH DESIGN 19
FIGURE 3 PROCESS FLOW OF MARKET SIZE ESTIMATION 23
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 24
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 25
FIGURE 6 MARKET BREAKDOWN & DATA TRIANGULATION 26
FIGURE 7 ASSUMPTIONS OF THE RESEARCH STUDY 27
FIGURE 8 MACHINE VISION MARKET SIZE, BY COMPONENT, 2015 & 2020 28
FIGURE 9 HARDWARE MARKET SIZE, BY TYPE, 2015–2020 29
FIGURE 10 QUALITY ASSURANCE & INSPECTION APPLICATION WOULD HOLD THE LARGEST MARKET SIZE IN 2015, WHILE THE IDENTIFICATION APPLICATION WOULD GROW AT THE HIGHEST RATE DURING 2015–2020 30
FIGURE 11 SMART CAMERA-BASED MACHINE VISION SYSTEMS WOULD GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 31
FIGURE 12 NON-INDUSTRIAL VERTICAL WOULD GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 32
FIGURE 13 AMERICAS HELD THE LARGEST MARKET SIZE IN 2014, WHILE THE APAC MARKET WOULD GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 33
FIGURE 14 GROWING DEMAND FOR QUALITY INSPECTION AND AUTOMATION IN MANUFACTURING AND APPLICATION-SPECIFIC MACHINE VISION SYSTEMS WOULD SPUR THE MARKET GROWTH 34
FIGURE 15 THE MARKET FOR NON-INDUSTRIAL VERTICAL WOULD GROW AT A HIGH RATE DURING THE FORECAST PERIOD 34
FIGURE 16 AUTOMOTIVE INDUSTRY WOULD HOLD THE LARGEST MARKET SIZE IN 2015 35
FIGURE 17 INTELLIGENT TRANSPORTATION SYSTEMS WOULD HOLD THE LARGEST MARKET SIZE IN 2015, WHILE HEALTHCARE MARKET WOULD GROW AT THE HIGHEST RATE DURING 2015–2020 35
FIGURE 18 CAMERAS WOULD HOLD THE LARGEST MARKET SIZE IN 2015 36
FIGURE 19 MARKET FOR SMART CAMERA-BASED MACHINE VISION SYSTEMS WOULD GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 36
FIGURE 20 QUALITY ASSURANCE & INSPECTION APPLICATION WOULD HOLD THE LARGEST MARKET SIZE FOR MACHINE VISION SYSTEMS IN 2015 37
FIGURE 21 MACHINE VISION MARKET IN APAC EXPECTED TO GROW AT THE HIGHEST RATE DURING FORECAST PERIOD 37
FIGURE 22 MACHINE VISION MARKET IN APAC WAS IN THE GROWTH PHASE IN 2014 38
FIGURE 23 EVOLUTION OF MACHINE VISION TECHNOLOGY 40
FIGURE 24 MACHINE VISION MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 43
FIGURE 25 INCREASE IN INDUSTRIAL ROBOTS SHIPMENT WOULD SPUR THE GROWTH OF THE MACHINE VISION MARKET 46
FIGURE 26 AVERAGE YEARLY WAGES IN THE MANUFACTURING SECTOR IN CHINA 47
FIGURE 27 VALUE CHAIN ANALYSIS: MAXIMUM VALUE ADDED DURING EQUIPMENT MANUFACTURING AND SYSTEM INTEGRATION STAGES 53
FIGURE 28 PORTER’S FIVE FORCES ANALYSIS, 2014 55
FIGURE 29 PORTER FIVE FORCE ANALYSIS, 2014 56
FIGURE 30 MACHINE VISION MARKET: THREAT OF NEW ENTRANTS 56
FIGURE 31 MACHINE VISION MARKET: THREAT OF SUBSTITUTES 57
FIGURE 32 MACHINE VISION MARKET: BARGAINING POWER OF SUPPLIERS 58
FIGURE 33 MACHINE VISION MARKET: BARGAINING POWER OF BUYERS 59
FIGURE 34 MACHINE VISION MARKET: COMPETITIVE RIVALRY 60
FIGURE 35 FUNCTIONAL DIAGRAM OF BASIC MACHINE VISION SYSTEM 62
FIGURE 36 MARKET, BY COMPONENT 63
FIGURE 37 SOFTWARE MARKET WOULD GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 64
FIGURE 38 HARDWARE COMPONENTS 64
FIGURE 39 MARKET, BY PRODUCT 72
FIGURE 40 MARKET FOR SMART CAMERA-BASED MACHINE VISION SYSTEMS WOULD TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 73
FIGURE 41 MACHINE VISION MARKET SIZE FOR PC-BASED SYSTEMS, BY VERTICAL, 2015 & 2020 74
FIGURE 42 MACHINE VISION MARKET SIZE FOR PC-BASED SYSTEMS, BY INDUSTRIAL VERTICAL, 2015 & 2020 75
FIGURE 43 HEALTHCARE SECTOR EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 76
FIGURE 44 MACHINE VISION MARKET SIZE FOR SMART CAMERA-BASED SYSTEMS, BY VERTICAL, 2015 & 2020 78
FIGURE 45 MARKET FOR ELECTRONICS & SEMICONDUCTOR SECTOR WOULD GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 79
FIGURE 46 MACHINE VISION MARKET SIZE FOR SMART CAMERA-BASED SYSTEMS, BY NON-INDUSTRIAL VERTICAL, 2015 & 2020 80
FIGURE 47 MARKET, BY APPLICATION 82
FIGURE 48 MARKET FOR IDENTIFICATION APPLICATION WOULD GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 83
FIGURE 49 MARKET FOR SMART CAMERA-BASED MACHINE VISION SYSTEMS WOULD GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 84
FIGURE 50 SMART CAMERA-BASED SYSTEMS WOULD HOLD THE LARGEST SIZE OF THE MACHINE VISION MARKET IN 2015 87
FIGURE 51 MARKET, BY VERTICAL 89
FIGURE 52 NON-INDUSTRIAL VERTICAL WOULD GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 90
FIGURE 53 MACHINE VISION MARKET FOR THE ELECTRONICS AND SEMICONDUCTOR SECTOR WOULD GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 92
FIGURE 54 MACHINE VISION MARKET SIZE FOR NON-INDUSTRIAL VERTICAL, BY APPLICATION, 2015–2020 105
FIGURE 55 GEOGRAPHIC SNAPSHOT, 2015–2020 111
FIGURE 56 APAC MARKET WOULD GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 112
FIGURE 57 SNAPSHOT OF THE AMERICAS MARKET 113
FIGURE 58 SNAPSHOT OF THE EUROPE MARKET 117
FIGURE 59 SNAPSHOT OF THE APAC MARKET 121
FIGURE 60 COMPANIES ADOPTED NEW PRODUCT LAUNCH AS THE KEY GROWTH STRATEGY BETWEEN 2013 AND 2015 127
FIGURE 61 MARKET RANKING ANALYSIS FOR THE MACHINE VISION MARKET, 2014 128
FIGURE 62 MARKET EVALUATION FRAMEWORK 129
FIGURE 63 BATTLE FOR MARKET SHARE: NEW PRODUCT LAUNCH IS THE KEY STRATEGY 130
FIGURE 64 GEOGRAPHIC REVENUE MIX OF TOP FIVE MARKET PLAYERS 133
FIGURE 65 BASLER AG: COMPANY SNAPSHOT 134
FIGURE 66 BASLER AG: SWOT ANALYSIS 136
FIGURE 67 COGNEX CORPORATION: COMPANY SNAPSHOT 137
FIGURE 68 COGNEX CORPORATION: SWOT ANALYSIS 139
FIGURE 69 KEYENCE CORPORATION: COMPANY SNAPSHOT 140
FIGURE 70 KEYENCE CORPORATION: SWOT ANALYSIS 142
FIGURE 71 NATIONAL INSTRUMENTS: COMPANY SNAPSHOT 143
FIGURE 72 NATIONAL INSTRUMENTS: SWOT ANALYSIS 145
FIGURE 73 OMRON CORPORATION: COMPANY SNAPSHOT 146
FIGURE 74 OMRON CORPORATION: SWOT ANALYSIS 148
FIGURE 75 ADEPT TECHNOLOGY, INC.: COMPANY SNAPSHOT 149
FIGURE 76 ISRA VISION AG: COMPANY SNAPSHOT 151
FIGURE 77 PERCEPTRON, INC.: COMPANY SNAPSHOT 153
FIGURE 78 SONY CORPORATION: COMPANY SNAPSHOT 155
FIGURE 79 TELEDYNE TECHNOLOGIES INCORPORATED: COMPANY SNAPSHOT 157

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