Increasing compatibility with different systems and demand for smart cameras is expected to drive the machine vision and vision guided robotics market. This technology is used to automatically capture and process images for inspections. Increasing technological advancements has resulted in reducing operational cost and complexities, enabling the technology to be used for wider applications.
Increasing use of this technology for various applications is expected to be the key factor driving market demand. Additionally, rising efficiency and convenience along with shift to digital systems is further expected to drive the machine vision and vision guided robotics market. Lack of skilled professional and industry standards may hinder market growth. Low return on investments may also act as a restraint to the machine vision and vision guided robotics market. Increasing technology awareness and new product developments can provide new opportunities to market growth.
The machine vision and vision guided robotics market can be segmented on the basis of product, technology and application. The product segment includes cameras, frame grabber, lightings & optics, hardware, software and processors etc. Line & area scan cameras, CCD & CMOS sensors etc are a few technologies used in market. The machine vision and vision robotics technology is used for various industrial and non-industrial applications such as automotive, semiconductor, electronics, metal, glass, wood & paper, medical devices, printing, transportation, security & surveillance, military & defence, medical imaging and traffic management etc.
Traffic management and security are expected to be major application markets owing to their increasing use for traffic flow monitoring, automatic number plate recognition and traffic surveillance etc. Infrastructure and medical applications are also expected to witness steady growth. Asia Pacific is expected to be key regional market over the next six years.
Some key players in the machine vision and vision guided robotics market include Cognex, Basler AG, Teledyne Dalsa, Absolute Vision, ISRA Vision, Stemmer Imaging, Vitronics JAI A/S etc.
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