Machine Vision Systems and Components Market Worth $8.6 Billion by 2021

“Machine Vision Systems and Components Market Analysis: By Type (Smart Camera MV, Embedded MV, PC- Based MV); Functions (Positioning, Identification, Inspection, Measurement); Industry (Automotive, Semiconductor, Food Processing, Consumer Goods, Pharmaceut”
IndustryARC says, Demand for Smart Vision Systems in industrial automation to drive the Machine Vision Systems and Components Market to $8.6 billion in revenue by 2021

Machine Vision Systems and Components are the next generation intelligent systems mainly used for detection, identification, measurement, inspection and other industrial applications. Machine vision systems can perform complex repetitive tasks with high accuracy and consistency. These systems include components such as image sensors, processors, PLC, frame grabbers and more, which are driven by a software package to execute user defined applications. With labor costs increasing in small manufacturing industries, smart machine vision systems will be at much higher demand in the next few years. Industries would specialize in setting up smart vision for quality control and enhanced productivity. According to a recent study from IndustryARC, smart machine vision systems are estimated to reach $8.6 billion by 2021 growing at a CAGR of 11.1%.

Browse 100 Market Tables, 45 Figures spread through 245 Pages and an in-depth TOC on “Machine Vision Systems and Components Market” at:

Ever since the inception of smart machine vision systems, regions like Americas and Europe have held a first mover advantage and the same is to be followed by APAC by 2021. Smart machine vision systems are compact and sleek systems which include smart cameras, built in processors or controllers and lighting systems. Considering the demand for smart cameras in industrial and non-industrial applications, the machine vision systems and components market for smart cameras will scale up from $822.8M in 2014 and will reach $2.05 billion by 2020.

Asia Pacific region will be the leading region for machine vision systems and components market terms of growth rate, whereas EMEA will have the highest revenue followed by APAC and Americas. The automation equipment industry will be impacted significantly by advancing technology with respect to communication and sophistication of systems. Aging workforce of skilled engineers and high labor cost will set a significant concern for manufacturers in countries like China. Increasing levels of automation and semiautonomous systems will ultimately drive a transition to the automated plants.

Automotive is an emerging market for smart camera vision systems, which are employed in total vehicle monitoring, accident prevention methods, driver alert systems and many more. These systems find massive opportunity going ahead in automotive industry to improve quality, reduce cost and speed up the inspection process in manufacturing units and as well as in real time application based inside the vehicles. Food processing industry is also one of the prominent industries for machine vision systems, right from agricultural application to packaging. Machine vision systems finds their application in land-based and aerial-based remote sensing for natural resources assessments, precision farming, and post-harvest product quality, further they are used in processes such as classification, sorting and packaging.

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Some of the key players in machine vision systems and components market operating in this market Include

  • Microscan Systems
  • Cognex Corporation
  • Teledyne DALSA Inc
  • Keyence Corp
  • Data Logic and More

The machine vision systems and components market study across the following industries is analyzed in the Report

  • Food Processing
  • Consumer Goods
  • Semiconductor-Electronics
  • Automotive
  • Pharmaceutical
  • Chemical
  • Life Sciences-Medical
  • Security and Surveillance 
  • 3PL (Third Party Logistics)

The overall Machine Vision Systems and Components Market is also presented from the perspective of different geographic regions and the key countries for this industry.  Competitive landscape for each of the product types is highlighted and market players are profiled.

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IndustryARC is a Research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

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