February 12, 2013 /PRNewswire/ --
According to a new market research report of "
Machine Vision Systems & Components Market- By Technology (PC & Smart Camera), Application (Industrial (Automotive, Electronics, Packaging, Medical), Non Industrial (Security, Traffic And Road Safety, Healthcare))-Global Analysis & Forecast (2013-2018)",published by MarketsandMarkets is expected to grow at a CAGR of 8% from 2013 to 2018 and to reach
$5 billion by 2018.
108 market data tables with 12 figures spread through 340 pages and in-depth TOC on Machine Vision Systems & Components Market- By Technology (PC & Smart Camera), Application (Industrial (Automotive, Electronics, Packaging, Medical), Non Industrial (Security, Traffic And Road Safety, Healthcare))-Global Analysis & Forecast (2013-2018).
Early buyers will receive 10% customization on reports.
The machine vision system and component market is matching up with the growing demand for traditional and non-traditional applications areas. Innovation in processing capabilities has made the machine vision systems more powerful; coupled with the development of embedded machine vision and new interfaces. These advancements have also increased processing power, reduced cost and operational complexities, thereby increasing the scope of machine vision technology for a wider application. The global machine vision system and components market is estimated to reach
$ 3,125.78 million
in 2012; growing at an estimated CAGR of 8.2% from 2013 to 2018.
Amongst all the product market segments, PC based machine vision segment held a majority of the product market in 2012, while smart camera based machine vision market segment is fastest growing among three product markets. Third being embedded machine vision market segment. By the end of 2018, smart camera based machine vision system market segment is expected to hold more 35% of product market. The compact and application specific features of this setup are expected to drive the market in coming five years. Embedded machine vision is also expected to establish itself in various industrial and non industrial verticals.