Industry analyst firm Marketsandmarkets, based in Dallas, TX, has published findings that list the total global machine-vision system and component market at US$15.3 billion by the year 2015, with cameras and smart cameras accounting for approximately 27.3% of total revenue.
In the research report, "Global Machine Vision and Vision Guided Robotics Market (2010-2015)," the firm also states that its expects the global market to record a compound annual growth rate (CAGR) of 9.3% over the five-year period forecasted. The worldwide machine-vision system and components market is estimated to reach $9830.4 million in 2010, according to Marketsandmarkets.
Improvements in processing technologies, advances in smart cameras, and developments in interfaces have pushed growth of the machine-vision system and component market forward to meet the challenges of traditional and nontraditional applications. Reduced cost and operational complexities have followed to support these trends.
Across market segments, optics, lighting, and frame grabbers scored the highest revenues in 2010, with cameras and smart cameras pulling in second place. But according to the analysts, the cameras market is exhibiting the fastest growht, growing at 10.2% CAGR from 2010-2015 as a result of the lower costs and ease-of-use of leading-edge smart cameras. The processor, software, and hardware segment is expected to reach $3641.6 million in 2015 with CAGR estimated at 8.8% over the five-year period.
The market study shows that Asia-Pacific has the largest market share and is the regional leader in growth, at 11.1% from 2010-2015, and forecasted to continue this trend. North America is the second largest market for machine vision, occupying 32.2% of 2010 market share. The rest of the world (ROW) was the smallest market for components and systems in 2010.
For a complete breakdown of the market analysis by products, applications, and more, visit Marketsandmarkets.
Visit the Vision Systems Design research page to get market-specific information on vision for service robots.
SOURCE: MarketsandMarkets
-- Posted by Vision Systems Design
