Global Machine Vision And Vision Guided Robotics Market Worth US$15.3 Billion By 2015

KIRKLAND, QC, June 11, 2011 (Press-News.org) ELECTRONICS.CA PUBLICATIONS, the electronics industry market research and knowledge network, announces the availability of a new report entitled, "Global Machine Vision and Vision Guided Robotics Market".

The total global machine vision system and component market is expected to be worth 15.3 billion USD by 2015, out of which the camera & smart camera will account for nearly 27.3% of the total revenues. The global market is expected to record a CAGR of 9.3% from 2010 to 2015.

The machine vision system and component market has advanced very fast to meet the growing demand for traditional and non-traditional applications areas. Advancement in processing capabilities has made the machine vision systems more powerful; coupled with the development of smart camera 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 $9,830.4 million in 2010; growing at an estimated CAGR of 9.3% from 2010 to 2015.

Amongst all the market segments, the optics, lighting & frame grabbers commanded the largest share in terms of revenues in 2010, while camera & smart camera came second in terms of revenues. However, camera & smart camera is the fastest growing market, growing at a CAGR of 10.2% from 2010 to 2015, due to the higher demand for smart camera because of its lower cost of the system and easy to install and use. Processor, software, and hardware market is expected to reach $3,641.6 million in 2015 with an estimated CAGR of 8.8% from 2010 to 2015.

At present, Asia Pacific region dominates the global machine vision system & component market, which is also the fastest growing region, at a double digit CAGR of 11.1% from 2010 to 2015 and this trend is expected to continue in the forecasted period as well; followed by North American region, the second largest market for machine vision, which occupied market share of 32.2% of the overall market in 2010. However, ROW was the smallest market for machine vision system & components in 2010.

The report focuses on machine vision hardware and software included in vision systems, such as those found in smart cameras and compact vision systems. The improvement in this area is a major driving factor for the overall growth of machine vision market.

This report covers the impact of machine vision systems and its use in the non-industrial sector. It also measures its impact on the associated machine vision technologies. The report also gives a full breakdown of the entire machine vision and vision guided robotics market on the basis of products, applications, technology and processes. Each section will provide market data, market drivers, trends and opportunities, top-selling products, key players, and competitive outlook.

In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analysis of the machine vision systems and component markets in the U.S., Europe, Asia Pacific, and Rest of the World (ROW). The report draws the competitive landscape of the global machine vision market, providing an in-depth comparative analysis of the technological and marketing strategies adopted by key players in order to gain an edge over their competitors.

The report features more than 100 tables that give a complete insight into the market, along with 45 competitive company profiles in this market. All market tables are categorized by geographic region, application, and technology categories. The report will study over 1,000 news items and analyze the new product launches in this market. Technology patents over the last five years and documented machine vision and vision guided robotics claims are researched to get an in-depth understanding of the trends related to such technologies.

The report highlights strategic issues like tapping the upcoming markets such as application of vision guided robotics. This includes consolidating strategy, new product development, competitive positioning, gap analysis and identification of opportunities and challenges. Niche opportunities are identified for all the sub-segments within the machine vision and vision guided robotics market.

Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications' web site. View the report: http://www.electronics.ca/publications/products/Global-Machine-Vision-and-Vision-Guided-Robotics-Market.html

Electronics.ca Publications offers market research for the semiconductor, advanced materials, nanotechnology, electronics manufacturing, wireless technology and converging markets. For more information, please visit our website at http://www.electronics.ca