Press Release

The global market for machine vision system is expected to reach $18 billion in 2015


July 22nd, 2010

Global Information Inc. would like to present a new market research report, "Global Markets for Machine Vision Technologies" by BCC Research.

According to the report, the global market for machine vision system components is an estimated $11.2 billion in 2010, but is expected to increase to nearly $18 billion in 2015, for a 5-year compound annual growth rate (CAGR) of 9.9%.

The largest segment of the market, made up of optics/lighting/frame grabber components, is estimated to be worth nearly $3.3 billion in 2010, and is expected to increase at a CAGR of 10.3% to reach $5.3 billion in 2015.

The second-largest segment, made up of cameras and smart cameras, is expected to reach more than $4.2 billion in 2015, after increasing at a CAGR of 7.8% from an estimated $2.9 billion in 2010.

Revenue in the processor software/hardware segment is estimated at nearly $2.7 billion in 2010, and is expected to rise to nearly $4.4 billion in 2015, for a 5-year CAGR of 10.4%. The segment made up of miscellaneous components is estimated at nearly $2.4 billion in 2010, and is projected to increase at a CAGR of 11.2% to reach $4 billion in 2015.

The report will be useful for manufacturers of MV systems and components, systems integrators, design and application engineers, various industries and agencies needing MV systems, traffic and transport planners, and security system planners.

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Global Information Inc.(GII) - specializing in market research provision for the vertical industries, GII offers expert independent recommendations of publications from hundreds of the globe's leading market research firms.

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