Technavio has been monitoring the global machine vision camera market
since 2017 and the market is poised to grow by USD 2.56 billion during
2020-2024 at a CAGR of over 12% during the forecast period. Request
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Technavio has announced its latest market research report titled global machine vision camera market 2020-2024. (Graphic: Business Wire)
Read the 157-page research report with TOC on “Machine Vision
Camera Market Analysis Report by Geography (APAC, Europe, MEA, North
America, and South America), by Product (Line scan, Area scan, and 3D),
by End-user (Industrial and Non-industrial), and Segment Forecasts,
2020-2024”.
https://www.technavio.com/report/machine-vision-camera-market-industry-analysis
The increasing demand for machine vision camera from non-industrial
sectors and advent of integrated Industry 4.0 and Quality 4.0 with IoT
is anticipated to boost the growth of the market.
Non-industrial sectors include border security, forensic, defense
surveillance systems, health monitoring, intelligent traffic systems,
and robotic surgery sectors. Stakeholders of these sectors rely on
machine vision cameras to detect defective products in the production
line; observe process errors; and improper filling and packaging errors
by generating quality inspection images. These cameras are also used in
agriculture, data capture and identification systems, along with the
sports and entertainment industry. Thus, the increasing demand for
machine vision camera from non-industrial sectors is expected to drive
market growth during the forecast period.
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Major Five Machine Vision Camera Market Companies:
Basler AG
Basler AG is headquartered in Germany and operates the business under
various segments such as Camera business, Solutions, and Accessories.
The company offers area scan, line scan, network cameras, and 3D cameras.
Baumer Holding AG
Baumer Holding AG is headquartered in Switzerland and offers products
through its Unified business segment. The company offers industrial
cameras including CX series, EX series, LX series, QX series, LX
VisualApplets cameras, and VisiLine series.
Cognex Corp.
Cognex Corp. is headquartered in the US and operates under its Unified
business segment. The company offers 2D machine vision camera product
line, which includes In-Sight 8000 series, In-Sight 7000 series,
In-Sight 5705 series, and In-Sight 9902L series.
FLIR Systems Inc.
FLIR Systems Inc. is headquartered in the US and offers products through
the following business segments: Industrial, Government and Defense, and
Commercial. The company offers machine vision cameras with different
interfaces such as USB 3.1, 10 GigE Vision, FireWire, USB 2.0, and
Camera Link.
Hitachi Ltd.
Hitachi Ltd. is headquartered in Japan and offers products through the
following business segments: Social Infrastructure & Industrial Systems,
Electronic Systems & Equipment, High Functional Materials & Components,
and others. The company offers Camera Link cameras, GigE VISION Cameras,
HD cameras, USB 3 cameras, and HD Single Sensor Cameras.
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Machine Vision Camera end-user Outlook (Revenue, USD Million,
2020-2024)
- Industrial
- Non-industrial
Machine Vision Camera Regional Outlook (Revenue, USD Million,
2020-2024)
- APAC
- Europe
- MEA
- North America
- South America
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200106005709/en/