Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings

Machine Vision Market Expected to Grow at 8.15 Percent CAGR by 2022

By Sheri Kasprzak | December 19, 2016

Share

The machine vision market is poised to grow to a $14.43 billion industry by 2022, an 8.15 percent compound annual growth rate, by 2022, according to MarketsandMarkets, a market research firm.

“The major factors driving the growth of the machine vision market are the increasing need for quality inspection and automation across industry verticals, surge in demand for vision-guided robotic systems in automotive, pharmaceutical, food and packaging, and industrial sectors, and growing demand for application-specific machine vision systems,” said MarketsandMarkets’ report.

“Unlike PC-based systems, smart camera-based machine vision systems can accomplish the task of decoding algorithms, and traceability applications such as ID code reading, quality assessment, text verification, and label inspection more economically. Smart camera-based machine vision systems are flexible as it is easier to implement changes in their regulations and standards in [the] future.”

Factors pushing this increase include a demand for quality products, high manufacturing capacity, and a shortage of skilled labor.

Major players in this industry include Cognex Corp., Basler AG, Omron Corp., National Instruments Corp., Keyence Corp., Sony Corp., Teledyne Technologies Inc., Texas Instruments Inc., Allied Vision Technology GmbH, Intel Corp., Baumer Optronic GmbH, and JAI A/S, among others.


Filed Under: Industrial automation

 

Related Articles Read More >

Festo and the power of worker upskilling at the Oracle Industry Lab
Five ways to drive ROI from personnel and cobot investments
Safety Air Guns use engineered air nozzles for high performance
EXAIR’s new no drip siphon fed spray nozzle coats, cools and cleans

DESIGN GUIDE LIBRARY

“motion

Enews Sign Up

Motion Control Classroom

Design World Digital Edition

cover

Browse the most current issue of Design World and back issues in an easy to use high quality format. Clip, share and download with the leading design engineering magazine today.

EDABoard the Forum for Electronics

Top global problem solving EE forum covering Microcontrollers, DSP, Networking, Analog and Digital Design, RF, Power Electronics, PCB Routing and much more

EDABoard: Forum for electronics

Sponsored Content

  • Global supply needs drive increased manufacturing footprint development
  • How to Increase Rotational Capacity for a Retaining Ring
  • Cordis high resolution electronic proportional pressure controls
  • WAGO’s custom designed interface wiring system making industrial applications easier
  • 10 Reasons to Specify Valve Manifolds
  • Case study: How a 3D-printed tool saved thousands of hours and dollars

Design World Podcasts

May 17, 2022
Another view on additive and the aerospace industry
See More >
Engineering Exchange

The Engineering Exchange is a global educational networking community for engineers.

Connect, share, and learn today »

Design World
  • Advertising
  • About us
  • Contact
  • Manage your Design World Subscription
  • Subscribe
  • Design World Digital Network
  • Engineering White Papers
  • LEAP AWARDS

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search Design World

  • Home
  • Technologies
    • 3D CAD
    • Electronics • electrical
    • Fastening & Joining
    • Factory automation
    • Linear Motion
    • Motion Control
    • Test & Measurement
    • Sensors
    • Fluid power
  • Learn
    • Ebooks / Tech Tips
    • Engineering Week
    • Future of Design Engineering
    • MC² Motion Control Classrooms
    • Podcasts
    • Videos
    • Webinars
  • LEAP AWARDS
  • Leadership
    • 2022 Voting
    • 2021 Winners
  • Design Guide Library
  • Resources
    • 3D Cad Models
      • PARTsolutions
      • TraceParts
    • Digital Issues
      • Design World
      • EE World
    • Women in Engineering
  • Supplier Listings