#machinevisionsystem

PORTLAND, Ore., Nov. 4, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Machine Vision System Market By Type (1D Vision, 2D Vision, and 3D Vision), Product (PC-Based Machine Vision System, Vision Controllers, Standalone Vision System, Vision Sensors & Image-Based Bar Code Readers, and Others), and Application (Identification, Inspection, Gauging, Positioning, and Others), and End Use (Automotive, Healthcare, Manufacturing, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027." According to the report, the global machine vision system market size was valued at $29.7 billion in 2019, and is projected to reach $74.9 billion by 2027, registering a CAGR of 11.3% from 2020 to 2027.

Drivers, Restraints and Opportunities

Implementation of automation in industrial applications and rise in demand for vision-guided systems drive the growth of the global machine vision system market. However, scarcity of skilled professionals in manufacturing facilities hinders the market growth. On the other hand, trends of the internet of things (IoT) and artificial intelligence (AI) along with the emergence of the industry 4.0 create new opportunities in the coming years.

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Covid-19 Scenario:

The manufacturing industry is the major user of machine vision systems. Owing to lockdown imposed in various countries, manufacturing facilities have been closed down. Thus, demand has been declined. As the manufacturing sector begins its operations after restrictions being eased off, the demand will take off.

The production of machine vision systems has been stopped due to disruptions in the supply chain. The ban on import-export activities in some of the countries from the Asia-Pacific region has affected production operations severely.

The 2D Vision Segment to Maintain Its Leadership Status throughout the Forecast Period

Based on type, the 2D vision segment contributed to the largest market share in 2019, accounting for more than half of the global machine vision system market, and is expected to maintain its leadership status throughout the forecast period. This is due to cost-effectiveness of this technology. However, the 3D vision segment is expected to witness the largest CAGR of 13.1% from 2020 to 2027. This is attributed to surge in preference for 3D technology.

The Gauging Segment to Maintain Its Dominant Share in terms of Revenue By 2027

Based on application, the gauging segment held around one-fourth of the global machine vision system market in 2019, and is projected to maintain its dominant share in terms of revenue by 2027. This is due to its efficiency in measurement of physical dimensions of the product. However, the identification segment is estimated to witness at the fastest CAGR of 14.2% from 2020 to 2027, owing to its effectiveness in error-proofing in the manufacturing sector.

Asia-Pacific, Followed By North America, to Maintain Its Lead Position throughout the Forecast Period

Based on region, Asia-Pacific, followed by North America, contributed to the highest market share in 2019, accounting for nearly half of the total share of the global machine vision system market, and will maintain its lead position throughout the forecast period. Moreover, this region is estimated to manifest the fastest growth rate with a CAGR of 12.4% during the forecast period. This is attributed to rise in adoption of AI and other technologies in the region and huge manufacturing sector.

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Leading Market Players

Baumer Ltd.

Cognex Corporation

Canon Inc.

FLIR System

Intel Corporation

Keyence Corporation

National Instrument Corporation

Omron Corporation

Texas Instrument

SICK AG

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Machine vision technology has been making critical advances in the food and beverage sector. For quite a while, this industry has been a client of machine vision gear. The business has been generally viewed as an early adopter of the most recent innovation. Today, an expanding requirement for effectiveness, quality, and administrative consistence is driving much more machine vision innovation selection in the space.

Surface Defects Detection Company in Bangalore

Surface defects are the most challenging issue in almost every manufacturing industry. Whether it is an automotive Industry or any other, surface quality is key to maintain it’s functional and visual appearance. However, that is one which is done mostly as a manual process.  As a result of manual decision making, quality is inconsistent.  For that reason, Qualitas has developed a Surface Defect Inspection System that used in many industries for identifying surface defects.This advanced inspection system uses Artificial Intelligence for teaching and training the system for defects. Quality control through automated surface defect inspection has been an important factor to increase production without hampering the quality of the product. Imagine that you’re trying to teach a quality inspector on what anomaly constitutes an unacceptable anomaly and what constitutes an acceptable anomaly; you will teach them by using examples. Training this system would be very similar to that, and just as easy. For more details you can check our solution page here:

We Specialize In Industrial Vision-Based SolutionsUsing Artificial Intelligence

Vision Automation and Robotic Solution

Automated Vision Inspection

Man-made thinking is set to upset the Machine Vision industry. Here are Qualitas, we’ve left on this trip around 10 years earlier. With our capacity in passing on outstandingly over a 100 present day machine vision associations the entire path over the globe, we understand mechanical computerization. We pass on tremendous motivator to utilize the power of Machine Vision and AI for our customers. Our customers in like manner regard key bits of information that can be gotten from these systems so they can improve their collecting structures, while giving them boundless oversight over structure upkeep and execution all the while.

Qualitas Technologies was built up in 2008 in Redmond, WA (USA), and later headquartered to Bangalore, India.

Electronic thinking is set to upset the Machine Vision industry. Here are Qualitas, we’ve set out on this outing very nearly 10 years earlier. With our capacity in passing on outstandingly over a 100 present day machine vision plans the entire route over the globe, we appreciate mechanical robotization. We pass on colossal impetus to utilize the force of Machine Vision and AI for our customers. Our customers in like manner regard key bits of information that can be gotten from these systems so they can improve their amassing structures, while giving them full oversight over system backing and execution at the same time

Qualitas Technologies was built up in 2008 in Redmond, WA (USA), and later headquartered to Bangalore, India.

EagleEyeInspection System

Fully integrated (camera to cloud) vision system for industrial automation

Cloud Vision System

The Qualitas EagleEye is the latest product to be developed by Qualitas Technologies. The EagleEye comes with a fully customizable and modular image acquisition and processing unit. The image acquisition unit, with its flexible mounting arm, built in camera, and customizable illumination system is fully equipped to capture the clearest image for your specific requirement. With it’s cloud based Deep Learning training module, you don’t need to invest in expensive AI training hardware and you can solve the most challenging applications at a fraction of the time and cost than current methods and products.

We Specialize In Industrial Vision-Based Solutions Using Artificial Intelligence

                 Vision Automation and Robotic Solution

                           Automated Vision Inspection

Man-made reasoning is set to disturb the Machine Vision industry. Here are Qualitas, we've left on this excursion about 10 years prior. With our ability in conveying admirably over a 100 modern machine vision organizations the whole way across the globe, we comprehend mechanical computerization. We convey enormous incentive to use the intensity of Machine Vision and AI for our clients. Our clients likewise esteem key bits of knowledge that can be gotten from these frameworks so they can improve their assembling forms, while giving them unlimited oversight over framework upkeep and execution simultaneously

Qualitas Technologies

was established in 2008 in Redmond, WA (USA), and later headquartered to Bangalore, India.Computerized reasoning is set to disturb the Machine Vision industry. Here are Qualitas, we've set out on this excursion almost 10 years prior. With our ability in conveying admirably over a 100 modern machine vision arrangements the whole way across the globe, we comprehend mechanical robotization. We convey monstrous incentive to use the intensity of Machine Vision and AI for our clients. Our clients likewise esteem key bits of knowledge that can be gotten from these frameworks so they can improve their assembling forms, while giving them full oversight over framework support and execution simultaneously

Qualitas Technologies was established in 2008 in Redmond, WA (USA), and later headquartered to Bangalore, India.