Factory automation and machine vision market gaining steam in Mexico

Mexico’s factory automation and machine vision market is expected to grow from $4.61 billion in 2013 to $6.99 billion by the year 2020 at a compound annual growth rate (CAGR) of 6.18%, according to a new market research report from MarketsandMarkets.

Jul 8th, 2014
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Mexico’s factory automation and machine vision market is expected to grow from $4.61 billion in 2013 to $6.99 billion by the year 2020 at a compound annual growth rate (CAGR) of 6.18%, according to a new market research report from MarketsandMarkets.

As a result of a surge of innovation in technology, factory automation and machine vision systems are now being utilized in Mexico by various industries for accurate and reliable process control. The market is being driven by an increasing need for energy conservation and improving efficiency, and Mexico’s proximity to the United States—along with the country’s impetus to increase manufacturing—has pushed the market to new heights, according to the report.

The report covers the market by technology (e.g. industrial control systems), field devices (e.g. robotics, sensors), products (e.g. PC-based vs. smart camera based), components (e.g. cameras, frame grabbers, lighting, software), and applications of the market and provides a detailed analysis of the current market scenario until 2020. It describes the value chain for the Mexican factory automation and machine vision market by taking a look at all of the major stakeholders in the market.

The companies profiled in the report include, but are not limited to, ABB Ltd., Allied Vision Technologies, Cognex Corporation,Mitsubishi Electric Corporation, Omron Corporation, Pepperl+Fuchs, and Rockwell Automation.

Companies identified in the report as having a major role in the factory automation and machine vision market in Mexico include: Siemens Ag (Germany), ABB LTD (Switzerland), Emerson Electric Company (U.S), Rockwell Automation Inc (U.S.), Schneider Electric SA (France), Honeywell International Inc (U.S.), Johnson Controls Inc (U.S), General Electric Company (U.S.), Texas Instruments Inc (U.S), Teledyne Dalsa Inc (Canada), Eastman Kodak (U.S.), and Yokogawa Electric Corporation (Japan).

View a summary of the report.

Also check out:
Industrial robots help create 80,000 jobs in electronics industry
Market report predicts major growth for infrared sensors
Global expansion aids record-setting 2013 for German machine vision market

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