Machine Vision Systems & Components Market worth $ 5 Billion - 2018

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MarketsandMarkets Presents
Machine Vision Systems Components Market worth
5 Billion - 2018
Machine Vision Systems Components Market- By
Technology (PC Smart Camera), Application
(Industrial (Automotive, Electronics, Packaging,
Medical), Non Industrial (Security, Traffic And
Road Safety, Healthcare))-Global Analysis
Forecast (2013-2018)
http//www.marketsandmarkets.com/Market-Reports/ma
chine-vision-systems-market-963.html
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According to a new market research report of
"Machine Vision Systems Components Market- By
Technology (PC Smart Camera), Application
(Industrial (Automotive, Electronics, Packaging,
Medical), Non Industrial (Security, Traffic And
Road Safety, Healthcare))-Global Analysis
Forecast (2013-2018)" ,published by
MarketsandMarkets (www.marketsandmarkets.com) is
expected to grow at a CAGR of 8 from 2013 to
2018 and reach 5 billion in 2018.                
                         Browse 108 market data
tables with 12 figures spread through 340 pages
and in-depth TOC on Machine Vision Systems
Components Market- By Technology (PC Smart
Camera), Application (Industrial (Automotive,
Electronics, Packaging, Medical), Non Industrial
(Security, Traffic And Road Safety,
Healthcare))-Global Analysis Forecast
(2013-2018).  Early buyers will receive 10
customization on this report .
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tion.asp?id963
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The machine vision system and component market is
matching up with the growing demand for
traditional and non-traditional applications
areas. Innovation in processing capabilities has
made the machine vision systems more powerful
coupled with the development of embedded machine
vision 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 3,125.78 million in 2012 growing at
an estimated CAGR of 8.2 from 2013 to
2018. Purchase Report _at_ http//www.marketsandmark
ets.com/Purchase/purchase_report1.asp?id138946173
Amongst all the product market segments, PC
based machine vision segment held a majority of
the product market in 2012, while smart camera
based machine vision market segment is fastest
growing among three product markets. Third being
embedded machine vision market segment. By the
end of 2018, smart camera based machine vision
system market segment is expected to hold more
35 of product market. The compact and
application specific features of this setup are
expected to drive the market in coming five
years. Embedded machine vision is also expected
to establish itself in various industrial and non
industrial verticals. Among all the component
market segments, the camera component of the set
up commanded the largest share in terms of
revenues in 2012, while Optics, frame grabber and
lightning segment, which are clubbed together for
the calculation purposes and software hardware
component share similar share in overall cost of
the system. It is also expected to be the fastest
growing market, growing at a CAGR of 10.1 from
2013 to 2018. The higher demand for centralized
processing and lower cost of the system clubbed
with ease to install and use are some of the
drivers for this segment. Machine vision
applications market has been segmented in four
types namely location, measurement, inspection,
and identification. As of 2012, identification
application market segment dominates the
application market of machine vision.
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Inspection market segment is second largest
segment which held a market share of around 32
in 2012. Locating application is expected to grow
with a relatively high CAGR of 15 during the
projection period. Machine vision components and
systems complements and to some extend replaces
the manual inspections and measurements with
power full digital cameras and image processing.
This has increased the scope of its
applications. Free Download PDF _at_
http//www.marketsandmarkets.com/pdfdownload.asp?i
d963 As of 2012, industrial vertical accounted
for the major part i.e.75 of the turnover of
machine vision systems and components globally.
This segment generated revenue of 2,394.35
million in 2012 and is expected to grow with a
CAGR of 7.2 from 2013 to 2018. Non industrial
vertical is emerging market and had generated
revenues of 731.43 million in 2012 and is
expected to grow a CAGR of 11.2 from 2013 to
2018 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 2013 to 2018
and this trend is expected to continue in the
forecasted period as well followed by European
region, the second largest market for machine
vision, which occupied market share of 30 of the
overall market in 2012. However, Americas region
is expected to grow with least CAGR among
geographies i.e around 7 during 2013 and
2018. 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.
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