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Market Research Report

The Global Market for Machine Vision Solutions

Published by VDC Research Group, Inc. Product code 322430
Published Content info 24 Pages
Delivery time: 1-2 business days
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The Global Market for Machine Vision Solutions
Published: December 23, 2014 Content info: 24 Pages

This research analyzes the key strategic issues, trends, and market drivers for machine vision systems and solutions (includes hardware, software, and services). Market analysis (base year 2013 and forecast revenues through 2018), vendor considerations, and growth opportunities are offered across the following dimensions: solution type, end-user industries, and geographies.

What questions are addressed ?

  • Which industrial environments are driving machine vision system adoption and spend levels today?
  • How critical are domain expertise and systems integration capabilities to achieving success in the machine vision market?
  • What are the different types of customers that machine vision vendors serve? How are vendors' go-to-market strategies evolving?

Executive Summary

VDC forecasts the global machine vision (MV) solutions market to grow to $X.X billion by 2018 from $X.X billion in 2013, at a healthy CAGR of X.X%. However, no single market participant accounted for more than XX% of the overall share, highlighting the fragmented and potentially commoditized nature of this space. The top 10 vendors in this space only account for about XX% of overall market share, which makes it a very challenging landscape in which to compete.

[Data available in full report.]

VDC believes hardware innovation alone is no longer a sustainable business development and growth strategy in this market. Vendors will have to look beyond their traditional focus areas and expand aggressively into new verticals and application environments while also enhancing their solution portfolios to include software and services - either by developing in-house expertise or by forging strong relationships with the broader channel community. Systems integrators with domain expertise and application developers will be highly sought after as market participants look to differentiate themselves from their competition.

Although factory automation applications drive vision-based system adoption and spend levels today, emerging verticals will generate investor interest and shape future market direction for leading solution providers. MV use is breaking out of traditional deployments in industrial settings and is now gaining increased consideration in environments including logistics, security & surveillance, and traffic monitoring & control.

Key Findings

  • Faced with growing margin and profitability-related pressures, manufacturers are looking to MV systems, among other industrial automation equipment, to achieve process optimization, higher yields, enhanced quality, and improved asset utilization.
  • As capabilities of MV solutions expand and adoption intensifies in a broader set of application environments, more end users are faced with the challenge of how to most effectively and efficiently leverage machine vision as a tool for defect elimination and enhancing yields. They are increasingly seeking out expertise to turn over much of their systems design, installation, integration, and maintenance requirements.
  • Systems integration services are critical to ensuring that MV solutions provide increased agility, operational flexibility, and real-time visibility. Service providers must provide seamless interoperability among all motion and vision components of a system, which makes it important for them to source the most project-appropriate components to meet customer requirements.
  • Given the tremendous amount of data that MV applications typically generate, end users and machine builders will require services of partners who can not only assist with system installation and deployment but also provide analytics support to help with tactical and strategic decision-making.

Global Market Overview and Forecast

Exhibit 1:
Forecasted Global Shipments of Machine Vision Systems (US $M)

Global Market Ideas & Insights

Five-Year Forecast: MV now integral to factory automation, is de facto component for success

VDC forecasts the global machine vision solutions market to grow to $5.8 billion by 2018 from $X.X billion in 2013, at a healthy CAGR of X.X%. Overall revenues will grow at X.X% from 2013 to 2014 with standalone software sales projected to grow the fastest. Hardware revenues, including those derived from smart cameras, industrial cameras, vision sensors, and turnkey machine vision systems, account for more than XX% of overall sales.

Application-specific machine vision (ASMV) expertise is becoming rather necessary as organizations place growing emphasis on real-time visibility, short lead times, and process optimization. Such turnkey systems have especially gained favor for surface inspection applications including for glass, wafers, printed circuit boards (PCBs), flat panel displays, and touchscreens - detecting surface defects as well as missing or incorrectly placed components.

Vendors that provide such solutions include KLA-Tencor, Orbotech, and Seidenader Maschinenbau GmbH.

At the same time, smart cameras with built-in processing capabilities are also becoming increasingly popular, particularly among enterprise users with configurable machine vision deployment requirements. Low upfront investment costs and ability to undertake simple functions makes them especially appealing for organizations with no need for a highly customized, application-specific solution.

The need for process automation and operational consistency on the manufacturing shop floor has never been more pronounced. To remain competitive in today's global economy, enterprises need to make strategic investments that will help them achieve their production goals while eliminating inefficiencies. Machine vision solutions are a critical factor in that equation. Vision systems are being developed, deployed, and integrated into automation solutions across several different manufacturing environments to help machine builders and end users achieve their performance objectives and growth targets. These solutions enable organizations to improve their bottom lines by trimming purchasing costs, maintaining and/or improving quality, increasing productivity, and enhancing asset utilization. Rapid advancements in camera technology (including image capture, data acquisition, and hardware pricing), coupled with growing reliance on automation for defect prevention and quality assurance, will contribute to high growth rates through the next five years.

XX Commercial in Confidence.

Table of Contents

Table of Contents

Executive Summary

  • Key Findings

Global Market Overview and Forecast

  • Exhibit 1: Forecasted Global Shipments of Machine Vision Systems (US $M)
  • Global Market Ideas & Insights
    • Five-Year Forecast: MV now integral to factory automation, is de facto component for success

Regional Forecasts

  • Exhibit 2: Forecasted Regional Global Shipments of Machine Vision Systems (US $M)
  • Ideas & Insights

Comparative Vertical Forecast

  • Exhibit 3: Forecasted Global Shipments by Industrial Environment of Machine Vision Systems (US $M)
  • Ideas & Insights
    • Exhibit 4: Automotive Manufacturing Overview
    • Exhibit 5: Semiconductor & Electronics Manufacturing Overview
    • Exhibit 6: Health Care Products Manufacturing Overview

Competitive Landscape

  • Exhibit 7: 2013 Global Vendor Shares of Machine Vision Systems (percent of dollars)
  • Ideas & Insights
    • Exhibit 8: Machine Vision Systems Vendor Overview
  • Vendor Insights

Machine Vision Go-To-Market Strategies

  • Ideas & Insights
    • Exhibit 9: Machine Vision Systems Customer Definitions
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