The machine vision technologies market around the world is a multi-billion industry. It is anticipated to grow significantly in the years ahead. The market has a forecast period from 2014 to 2020. Machine vision technologies are utilized to offer imaging based routine scrutiny and study in different manufacturing applications. These applications include routine examination, process control, robot assistance and others.
These technologies provide different advantages, like higher production rate, mechanization of production process and enhanced quality of products. Such advantages offered by these technologies fare well for the machine vision technologies market and steer it further. These technologies are also used to substitute labor-intensive measurements and examination with image processing and digital cameras.
The consumption of machine vision technologies in the line of production has augmented. This is estimated to increase further owing to growing tiny cameras. Moreover, there is improved enforcement of machine vision technologies in primary non-manufacturing applications. These applications include safety, medical and surveillance. Increased demand for these technologies across the applications mentioned is also anticipated to drive the sales of the machine vision technologies market.
The various categories into which the market can be split are applications, products and geographies. The applications market includes non-manufacturing and manufacturing applications. The products machine vision technologies market can be sliced on account of smart camera based machine vision systems, personal computer based machine vision systems and embedded machine vision systems.
The geographies machine vision technologies market can be split into four regions. These are North America, Europe, rest of the world and Asia Pacific. Few of the other important components that drive further demand for the market include switching to digital systems from analog ones and growing enforcement of machine vision technologies in the sectors of conveyance, medical and safety.
Augmented demand for the machine vision technologies market in the three sectors mentioned just now is anticipated to produce maximum profits. Absence of consistency and no consciousness regarding machine vision technologies amidst system workers are the primary obstacles for the market.