Table of Contents
1 Introduction
1.1 Market Definition
1.1.1 Inclusions and Exclusions
2 Market Overview
2.1 Introduction
2.2 Market Dynamics
Figure 1 Increasing Manufacturing of Hybrid and Electric Cars to Drive the Growth of the Machine Vision Market
2.2.1 Drivers
Figure 2 Machine Vision Market: Drivers and Their Impact
2.2.1.1 Increasing Need for Quality Inspection and Automation
2.2.1.2 Growing Demand for Vision-Guided Robotics Systems
Figure 3 Growth of Industrial Robotics, in Terms of Shipment, Between 2012 and 2018
2.2.1.3 Increasing Adoption of 3D Machine Vision Systems
2.2.1.4 Rising Need for ASICs
2.2.1.5 Growing Need for Inspection in Food and Packaging Industries
2.2.2 Restraints
Figure 4 Machine Vision Market Restraints and Their Impact
2.2.2.1 Varying End-User Requirements
2.2.2.2 Lack of Flexible Machine Vision Solutions
2.2.2.3 Lack of Skilled Professionals in Manufacturing Factories
Figure 5 Underqualified Workers in Various Countries, in 2019
2.2.3 Opportunities
Figure 6 Machine Vision Market Opportunities and Their Impact
2.2.3.1 Increasing Manufacturing of Hybrid and Electric Cars
Figure 7 Increasing Demand for Hybrid and Electric Vehicles Between 2020 and 2040
2.2.3.2 Government Initiatives to Support Industrial Automation
2.2.3.3 Increasing Demand for Artificial Intelligence (AI) in Machine Vision
2.2.3.4 Government Initiatives to Boost AI-Related Technologies
2.2.3.5 Growing Adoption of Industry 4.0
2.2.3.6 Need for Miniaturization of Cameras and Processors
2.2.3.7 Increasing Wages Leading to Opportunities in Vision-Guided Industrial Robots and Other Automation Technologies in China
Figure 8 Average Yearly Wages in the Manufacturing Sector in China
2.2.4 Challenges
Figure 9 Machine Vision Market Challenges and Their Impact
2.2.4.1 Complexity in Integrating Machine Vision Systems
2.2.4.2 Lack of User Awareness About Rapidly Changing Machine Vision Technology
3 Company Evaluation Quadrant
3.1 Visionary Leaders
3.2 Dynamic Differentiators
3.3 Innovators
3.4 Emerging Companies
Figure 10 Machine Vision Market (Global) Company Evaluation Quadrant, 2019
3.5 Strength of Product Portfolio (for All 25 Players)
3.6 Business Strategy Excellence (for All 25 Players)
4 Competitive Landscape
4.1 Overview
Figure 11 Organic and Inorganic Strategies Adopted By Companies Operating in Machine Vision Market
4.2 Market Rank Analysis
Figure 12 Major Machine Vision Providers
4.3 Right-To-Win (Company Business Snapshot)
4.3.1 Cognex
4.3.2 Keyence
4.3.3 Basler
4.3.4 Omron
4.3.5 National Instruments
4.4 Competitive Situations and Trends
4.4.1 Product Launches
Table 1 Product Launches (2019)
Table 2 Mergers & Acquisitions (2017- 2018)
4.4.2 Others
Table 3 Agreements (2018)
5 Company Profiles
5.1 Cognex Corporation
5.1.1 Business Overview*
Figure 13 Cognex Corporation: Company Snapshot
5.1.2 Products Offered*
5.1.3 Recent Developments*
5.1.4 SWOT Analysis*
5.1.5 MnM View*
(*Above sections are present for all of below companies)
5.2 Basler AG
Figure 14 Basler AG: Company Snapshot
5.3 Omron Corporation
Figure 15 Omron Corporation: Company Snapshot
5.4 Keyence Corporation
Figure 16 Keyence: Company Snapshot
5.5 National Instruments
Figure 17 National Instruments: Company Snapshot
5.6 Sony Corporation
Figure 18 Sony Corporation: Company Snapshot
5.7 Teledyne Technologies
Figure 19 Teledyne Technologies: Company Snapshot
5.8 Texas Instruments
Figure 20 Texas Instruments: Company Snapshot
5.9 Intel Corporation
Figure 21 Intel Corporation: Company Snapshot
5.10 ISRA Vision AG
Figure 22 ISRA Vision AG: Company Snapshot
5.11 Sick AG
Figure 23 Sick AG: Company Snapshot
5.12 FLIR Systems
Figure 24 FLIR Systems: Company Snapshot
6 Appendix
6.1 Startups in Machine Vision Market
6.1.1 AMETEK, Inc.
6.1.2 Qualitas Technologies
6.1.3 Baumer Optronic
6.1.4 Algolux
6.1.5 Tordivel AS
6.1.6 Inuitive
6.1.7 MVTec Software Gmbh
6.1.8 JAI A/S
6.1.9 Industrial Vision Systems Ltd.
6.1.10 Allied Vision Technologies GmbH
6.2 Methodology
This report identifies and benchmarks the world's best machine vision companies, such as Cognex Corporation (US), Basler AG (Germany), Omron Corporation (Japan), Keyence (Japan), National Instruments (US), and evaluates them on the basis of business strategy excellence and strength of product portfolio within the machine vision ecosystem, combining inputs from various industry experts, buyers, and vendors, and extensive secondary research including annual reports, company press releases, investor presentations, free and paid company databases. They are rated and positioned on 2x2 matrix, called as ‘Company Evaluation Quadrant’, and identified as Visionary Leaders (top companies), Dynamic Differentiators, Innovators, or Emerging companies.
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