TechNavio recognizes the following companies as the key players in the Global Machine Vision Market: Teledyne Technologies Inc., Cognex Corp., and Basler AG.
Commenting on the report, an analyst from TechNavio’s team said: “Many vendors are developing high-resolution cameras that provide more accurate and clear results and output. Machine vision technology is evolving rapidly and therefore the market creates opportunities for high-resolution cameras. Many end-users prefer high-resolution cameras to improve their accuracy. Additionally, the development of high-resolution cameras helps vendors improve the interoperability features. In addition, vendors are developing next-generation products that are capable of handling high-bandwidth applications. The increasing adoption of high-bandwidth applications is one of the challenges in the market, and the vendors are developing next-generation products to tackle this problem. Therefore, the vendors are developing next-generation machine vision components and products, and these products are expected to enhance the market potential in the future.”
According to the report, the Global Machine Vision market is witnessing many growth drivers, including the increasing demand from the Non-industrial sector. Several industries including Transportation, Security and Surveillance, Military and Defense, and Traffic Management are opting for machine vision systems to answer their security and safety concerns.
Further, the report states that a major challenge in the market is the lack of expertise. Organizations across industries are not able to implement machine vision systems due to lack of knowledge about this technology.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Adept Technology Inc., Allied Vision Technologies GmbH, Bit Flow Inc., ISRA Vision AG, JAI A/S, Matrox Electronic Systems Ltd., MVTec Software GmbH, PPT Vision Inc., Prophotonix Ltd., Stemmer Imaging Ltd., Videk Inc., Vitronics Soltec BV, and ZYGO Corp.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-machine-vision-market%C2%A0-2012-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global Machine Vision Market 2012-2016
